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Side-by-side financial comparison of Protagonist Therapeutics, Inc (PTGX) and Service Properties Trust (SVC). Click either name above to swap in a different company.

Service Properties Trust is the larger business by last-quarter revenue ($296.5M vs $170.6M, roughly 1.7× Protagonist Therapeutics, Inc). Protagonist Therapeutics, Inc runs the higher net margin — 77.2% vs -0.3%, a 77.4% gap on every dollar of revenue. On growth, Protagonist Therapeutics, Inc posted the faster year-over-year revenue change (184.4% vs -17.0%). Protagonist Therapeutics, Inc produced more free cash flow last quarter ($182.8M vs $-95.2M).

Protagonist Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on discovering and developing novel peptide-based targeted therapies for unmet medical needs, primarily covering gastrointestinal disorders, inflammatory diseases and rare disease indications. Its lead product candidates target inflammatory bowel disease and other chronic immune-related conditions, with operations spanning global R&D and partnership collaborations.

Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...

PTGX vs SVC — Head-to-Head

Bigger by revenue
SVC
SVC
1.7× larger
SVC
$296.5M
$170.6M
PTGX
Growing faster (revenue YoY)
PTGX
PTGX
+201.4% gap
PTGX
184.4%
-17.0%
SVC
Higher net margin
PTGX
PTGX
77.4% more per $
PTGX
77.2%
-0.3%
SVC
More free cash flow
PTGX
PTGX
$278.0M more FCF
PTGX
$182.8M
$-95.2M
SVC

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
PTGX
PTGX
SVC
SVC
Revenue
$170.6M
$296.5M
Net Profit
$131.7M
$-782.0K
Gross Margin
Operating Margin
74.3%
-3.9%
Net Margin
77.2%
-0.3%
Revenue YoY
184.4%
-17.0%
Net Profit YoY
381.7%
99.0%
EPS (diluted)
$2.01
$-0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PTGX
PTGX
SVC
SVC
Q4 25
$296.5M
Q3 25
$377.6M
Q2 25
$404.4M
Q1 25
$335.0M
Q4 24
$170.6M
$357.0M
Q3 24
$390.9M
Q2 24
$412.5M
Q1 24
$255.0M
$336.2M
Net Profit
PTGX
PTGX
SVC
SVC
Q4 25
$-782.0K
Q3 25
$-46.9M
Q2 25
$-38.2M
Q1 25
$-116.4M
Q4 24
$131.7M
$-76.4M
Q3 24
$-46.9M
Q2 24
$-73.8M
Q1 24
$207.3M
$-78.4M
Operating Margin
PTGX
PTGX
SVC
SVC
Q4 25
-3.9%
Q3 25
-12.8%
Q2 25
-9.2%
Q1 25
-33.3%
Q4 24
74.3%
-19.4%
Q3 24
-12.8%
Q2 24
-17.1%
Q1 24
80.9%
-21.4%
Net Margin
PTGX
PTGX
SVC
SVC
Q4 25
-0.3%
Q3 25
-12.4%
Q2 25
-9.4%
Q1 25
-34.8%
Q4 24
77.2%
-21.4%
Q3 24
-12.0%
Q2 24
-17.9%
Q1 24
81.3%
-23.3%
EPS (diluted)
PTGX
PTGX
SVC
SVC
Q4 25
$-0.01
Q3 25
$-0.28
Q2 25
$-0.23
Q1 25
$-0.70
Q4 24
$2.01
$-0.46
Q3 24
$-0.28
Q2 24
$-0.45
Q1 24
$3.26
$-0.48

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PTGX
PTGX
SVC
SVC
Cash + ST InvestmentsLiquidity on hand
$418.9M
$346.8M
Total DebtLower is stronger
$5.5B
Stockholders' EquityBook value
$675.3M
$646.1M
Total Assets
$744.7M
$6.5B
Debt / EquityLower = less leverage
8.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PTGX
PTGX
SVC
SVC
Q4 25
$346.8M
Q3 25
$417.4M
Q2 25
$63.2M
Q1 25
$80.1M
Q4 24
$418.9M
$143.5M
Q3 24
$48.6M
Q2 24
$14.6M
Q1 24
$322.6M
$71.3M
Total Debt
PTGX
PTGX
SVC
SVC
Q4 25
$5.5B
Q3 25
Q2 25
Q1 25
Q4 24
$5.8B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PTGX
PTGX
SVC
SVC
Q4 25
$646.1M
Q3 25
$647.9M
Q2 25
$695.9M
Q1 25
$734.6M
Q4 24
$675.3M
$851.9M
Q3 24
$929.0M
Q2 24
$1.0B
Q1 24
$560.4M
$1.1B
Total Assets
PTGX
PTGX
SVC
SVC
Q4 25
$6.5B
Q3 25
$7.0B
Q2 25
$6.9B
Q1 25
$7.0B
Q4 24
$744.7M
$7.1B
Q3 24
$7.1B
Q2 24
$7.1B
Q1 24
$629.3M
$7.2B
Debt / Equity
PTGX
PTGX
SVC
SVC
Q4 25
8.52×
Q3 25
Q2 25
Q1 25
Q4 24
6.85×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PTGX
PTGX
SVC
SVC
Operating Cash FlowLast quarter
$184.2M
$-18.5M
Free Cash FlowOCF − Capex
$182.8M
$-95.2M
FCF MarginFCF / Revenue
107.1%
-32.1%
Capex IntensityCapex / Revenue
0.8%
25.9%
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters
$101.7M
$-107.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PTGX
PTGX
SVC
SVC
Q4 25
$-18.5M
Q3 25
$98.1M
Q2 25
$-7.0K
Q1 25
$38.2M
Q4 24
$184.2M
$-9.7M
Q3 24
$106.2M
Q2 24
$43.8M
Q1 24
$-27.4M
$-926.0K
Free Cash Flow
PTGX
PTGX
SVC
SVC
Q4 25
$-95.2M
Q3 25
$57.9M
Q2 25
$-46.6M
Q1 25
$-23.2M
Q4 24
$182.8M
$-88.9M
Q3 24
$24.1M
Q2 24
$-22.3M
Q1 24
$-27.7M
$-77.2M
FCF Margin
PTGX
PTGX
SVC
SVC
Q4 25
-32.1%
Q3 25
15.3%
Q2 25
-11.5%
Q1 25
-6.9%
Q4 24
107.1%
-24.9%
Q3 24
6.2%
Q2 24
-5.4%
Q1 24
-10.9%
-23.0%
Capex Intensity
PTGX
PTGX
SVC
SVC
Q4 25
25.9%
Q3 25
10.6%
Q2 25
11.5%
Q1 25
18.3%
Q4 24
0.8%
22.2%
Q3 24
21.0%
Q2 24
16.0%
Q1 24
0.1%
22.7%
Cash Conversion
PTGX
PTGX
SVC
SVC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.40×
Q3 24
Q2 24
Q1 24
-0.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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