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Side-by-side financial comparison of SURF AIR MOBILITY INC. (SRFM) and UNIVERSAL HEALTH REALTY INCOME TRUST (UHT). Click either name above to swap in a different company.

SURF AIR MOBILITY INC. is the larger business by last-quarter revenue ($26.4M vs $24.5M, roughly 1.1× UNIVERSAL HEALTH REALTY INCOME TRUST). UNIVERSAL HEALTH REALTY INCOME TRUST runs the higher net margin — 17.7% vs -139.4%, a 157.1% gap on every dollar of revenue. On growth, UNIVERSAL HEALTH REALTY INCOME TRUST posted the faster year-over-year revenue change (-0.7% vs -5.7%). Over the past eight quarters, UNIVERSAL HEALTH REALTY INCOME TRUST's revenue compounded faster (-1.3% CAGR vs -7.1%).

Surf Air Mobility Inc. is an American aviation company focused on regional flying. The company plans to develop electric and hybrid powertrains to upgrade existing aircraft. Surf Air Mobility is also developing AI-enabled SurfOS operating system for the regional air mobility industry. Surf Air Mobility is the parent company of Surf Air, Surf On Demand, and two airlines, Mokulele Airlines and Southern Airways Express.

Universal Health Services, Inc. (UHS) is an American Fortune 500 company that provides hospital and healthcare services, based in King of Prussia, Pennsylvania. In 2024, UHS reported total revenues of $15.8 billion.

SRFM vs UHT — Head-to-Head

Bigger by revenue
SRFM
SRFM
1.1× larger
SRFM
$26.4M
$24.5M
UHT
Growing faster (revenue YoY)
UHT
UHT
+5.0% gap
UHT
-0.7%
-5.7%
SRFM
Higher net margin
UHT
UHT
157.1% more per $
UHT
17.7%
-139.4%
SRFM
Faster 2-yr revenue CAGR
UHT
UHT
Annualised
UHT
-1.3%
-7.1%
SRFM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SRFM
SRFM
UHT
UHT
Revenue
$26.4M
$24.5M
Net Profit
$-36.9M
$4.3M
Gross Margin
Operating Margin
-97.8%
34.7%
Net Margin
-139.4%
17.7%
Revenue YoY
-5.7%
-0.7%
Net Profit YoY
-3015.3%
-7.2%
EPS (diluted)
$-0.08
$0.32

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
SRFM
SRFM
UHT
UHT
Q4 25
$26.4M
$24.5M
Q3 25
$29.2M
$25.3M
Q2 25
$27.4M
$24.9M
Q1 25
$23.5M
$24.5M
Q4 24
$28.0M
$24.6M
Q3 24
$28.4M
$24.5M
Q2 24
$32.4M
$24.7M
Q1 24
$30.6M
$25.1M
Net Profit
SRFM
SRFM
UHT
UHT
Q4 25
$-36.9M
$4.3M
Q3 25
$-27.2M
$4.0M
Q2 25
$-28.0M
$4.5M
Q1 25
$-18.5M
$4.8M
Q4 24
$1.3M
$4.7M
Q3 24
$-12.2M
$4.0M
Q2 24
$-27.0M
$5.3M
Q1 24
$-37.0M
$5.3M
Operating Margin
SRFM
SRFM
UHT
UHT
Q4 25
-97.8%
34.7%
Q3 25
-56.6%
33.2%
Q2 25
-58.1%
35.6%
Q1 25
-79.0%
36.8%
Q4 24
28.9%
37.6%
Q3 24
-30.4%
34.7%
Q2 24
-78.0%
38.7%
Q1 24
-112.6%
37.6%
Net Margin
SRFM
SRFM
UHT
UHT
Q4 25
-139.4%
17.7%
Q3 25
-93.3%
15.9%
Q2 25
-102.1%
18.1%
Q1 25
-78.6%
19.5%
Q4 24
4.5%
18.9%
Q3 24
-43.1%
16.3%
Q2 24
-83.4%
21.3%
Q1 24
-120.7%
21.1%
EPS (diluted)
SRFM
SRFM
UHT
UHT
Q4 25
$-0.08
$0.32
Q3 25
$-0.64
$0.29
Q2 25
$-1.34
$0.32
Q1 25
$-1.09
$0.34
Q4 24
$0.80
$0.34
Q3 24
$-0.94
$0.29
Q2 24
$-2.31
$0.38
Q1 24
$-3.35
$0.38

Balance Sheet & Financial Strength

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

Metric
SRFM
SRFM
UHT
UHT
Cash + ST InvestmentsLiquidity on hand
$12.7M
$6.7M
Total DebtLower is stronger
$17.1M
$374.8M
Stockholders' EquityBook value
$-54.9M
$152.4M
Total Assets
$131.7M
$564.9M
Debt / EquityLower = less leverage
2.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SRFM
SRFM
UHT
UHT
Q4 25
$12.7M
$6.7M
Q3 25
$7.1M
$6.9M
Q2 25
$22.6M
$6.6M
Q1 25
$6.6M
$7.0M
Q4 24
$21.1M
$7.1M
Q3 24
$506.0K
$6.4M
Q2 24
$1.5M
$5.6M
Q1 24
$1.3M
$7.7M
Total Debt
SRFM
SRFM
UHT
UHT
Q4 25
$17.1M
$374.8M
Q3 25
$63.8M
Q2 25
$63.3M
Q1 25
$62.9M
Q4 24
$62.4M
$368.4M
Q3 24
$22.5M
Q2 24
$23.3M
Q1 24
$25.1M
Stockholders' Equity
SRFM
SRFM
UHT
UHT
Q4 25
$-54.9M
$152.4M
Q3 25
$-92.6M
$158.6M
Q2 25
$-115.5M
$165.2M
Q1 25
$-135.6M
$172.2M
Q4 24
$-120.0M
$179.5M
Q3 24
$-135.6M
$181.6M
Q2 24
$-128.1M
$190.7M
Q1 24
$-106.3M
$196.5M
Total Assets
SRFM
SRFM
UHT
UHT
Q4 25
$131.7M
$564.9M
Q3 25
$106.8M
$568.0M
Q2 25
$129.0M
$573.0M
Q1 25
$105.3M
$573.5M
Q4 24
$124.1M
$580.9M
Q3 24
$97.9M
$584.3M
Q2 24
$105.5M
$586.6M
Q1 24
$108.8M
$596.2M
Debt / Equity
SRFM
SRFM
UHT
UHT
Q4 25
2.46×
Q3 25
Q2 25
Q1 25
Q4 24
2.05×
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
SRFM
SRFM
UHT
UHT
Operating Cash FlowLast quarter
$-18.4M
$49.1M
Free Cash FlowOCF − Capex
$-20.1M
FCF MarginFCF / Revenue
-76.0%
Capex IntensityCapex / Revenue
6.5%
Cash ConversionOCF / Net Profit
11.35×
TTM Free Cash FlowTrailing 4 quarters
$-70.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SRFM
SRFM
UHT
UHT
Q4 25
$-18.4M
$49.1M
Q3 25
$-19.3M
$10.2M
Q2 25
$-10.6M
$13.7M
Q1 25
$-15.8M
$11.6M
Q4 24
$-23.6M
$46.9M
Q3 24
$-12.3M
$9.9M
Q2 24
$-5.6M
$12.1M
Q1 24
$-12.8M
$11.7M
Free Cash Flow
SRFM
SRFM
UHT
UHT
Q4 25
$-20.1M
Q3 25
$-21.1M
Q2 25
$-11.9M
Q1 25
$-17.1M
Q4 24
$-32.7M
Q3 24
$-13.6M
Q2 24
$-6.3M
Q1 24
$-13.5M
FCF Margin
SRFM
SRFM
UHT
UHT
Q4 25
-76.0%
Q3 25
-72.2%
Q2 25
-43.2%
Q1 25
-72.6%
Q4 24
-116.5%
Q3 24
-47.8%
Q2 24
-19.5%
Q1 24
-44.2%
Capex Intensity
SRFM
SRFM
UHT
UHT
Q4 25
6.5%
Q3 25
5.9%
Q2 25
4.4%
Q1 25
5.4%
Q4 24
32.4%
Q3 24
4.4%
Q2 24
2.2%
Q1 24
2.3%
Cash Conversion
SRFM
SRFM
UHT
UHT
Q4 25
11.35×
Q3 25
2.54×
Q2 25
3.05×
Q1 25
2.43×
Q4 24
-18.64×
10.06×
Q3 24
2.48×
Q2 24
2.30×
Q1 24
2.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SRFM
SRFM

Scheduled$17.2M65%
On Demand$9.2M35%

UHT
UHT

Reportable Segment Aggregation Before Other Operating Segment$23.1M94%
Equity Method Investment Nonconsolidated Investee Or Group Of Investees$2.3M9%

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