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Side-by-side financial comparison of TELA Bio, Inc. (TELA) and UNIVERSAL HEALTH REALTY INCOME TRUST (UHT). Click either name above to swap in a different company.

UNIVERSAL HEALTH REALTY INCOME TRUST is the larger business by last-quarter revenue ($24.5M vs $20.9M, roughly 1.2× TELA Bio, Inc.). UNIVERSAL HEALTH REALTY INCOME TRUST runs the higher net margin — 17.7% vs -43.3%, a 61.0% gap on every dollar of revenue. On growth, TELA Bio, Inc. posted the faster year-over-year revenue change (18.2% vs -0.7%). Over the past eight quarters, TELA Bio, Inc.'s revenue compounded faster (12.1% CAGR vs -1.3%).

TELA Bio, Inc. is a medical technology company focused on developing and commercializing innovative soft tissue repair solutions for surgical procedures. Its core product portfolio targets applications including hernia repair, abdominal wall reconstruction and other general surgery use cases, serving hospitals, ambulatory surgical centers and healthcare providers primarily across the United States and select global markets.

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.

TELA vs UHT — Head-to-Head

Bigger by revenue
UHT
UHT
1.2× larger
UHT
$24.5M
$20.9M
TELA
Growing faster (revenue YoY)
TELA
TELA
+18.9% gap
TELA
18.2%
-0.7%
UHT
Higher net margin
UHT
UHT
61.0% more per $
UHT
17.7%
-43.3%
TELA
Faster 2-yr revenue CAGR
TELA
TELA
Annualised
TELA
12.1%
-1.3%
UHT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TELA
TELA
UHT
UHT
Revenue
$20.9M
$24.5M
Net Profit
$-9.0M
$4.3M
Gross Margin
65.9%
Operating Margin
-31.9%
34.7%
Net Margin
-43.3%
17.7%
Revenue YoY
18.2%
-0.7%
Net Profit YoY
1.8%
-7.2%
EPS (diluted)
$-0.17
$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
TELA
TELA
UHT
UHT
Q4 25
$20.9M
$24.5M
Q3 25
$20.7M
$25.3M
Q2 25
$20.2M
$24.9M
Q1 25
$18.5M
$24.5M
Q4 24
$17.6M
$24.6M
Q3 24
$19.0M
$24.5M
Q2 24
$16.1M
$24.7M
Q1 24
$16.6M
$25.1M
Net Profit
TELA
TELA
UHT
UHT
Q4 25
$-9.0M
$4.3M
Q3 25
$-8.6M
$4.0M
Q2 25
$-9.9M
$4.5M
Q1 25
$-11.3M
$4.8M
Q4 24
$-9.2M
$4.7M
Q3 24
$-10.4M
$4.0M
Q2 24
$-12.6M
$5.3M
Q1 24
$-5.7M
$5.3M
Gross Margin
TELA
TELA
UHT
UHT
Q4 25
65.9%
Q3 25
67.5%
Q2 25
69.8%
Q1 25
67.6%
Q4 24
63.6%
Q3 24
67.8%
Q2 24
68.8%
Q1 24
68.3%
Operating Margin
TELA
TELA
UHT
UHT
Q4 25
-31.9%
34.7%
Q3 25
-36.5%
33.2%
Q2 25
-45.0%
35.6%
Q1 25
-56.5%
36.8%
Q4 24
-47.3%
37.6%
Q3 24
-49.4%
34.7%
Q2 24
-71.9%
38.7%
Q1 24
-29.1%
37.6%
Net Margin
TELA
TELA
UHT
UHT
Q4 25
-43.3%
17.7%
Q3 25
-41.6%
15.9%
Q2 25
-49.1%
18.1%
Q1 25
-60.8%
19.5%
Q4 24
-52.2%
18.9%
Q3 24
-54.7%
16.3%
Q2 24
-78.3%
21.3%
Q1 24
-34.1%
21.1%
EPS (diluted)
TELA
TELA
UHT
UHT
Q4 25
$-0.17
$0.32
Q3 25
$-0.19
$0.29
Q2 25
$-0.22
$0.32
Q1 25
$-0.25
$0.34
Q4 24
$-0.17
$0.34
Q3 24
$-0.42
$0.29
Q2 24
$-0.51
$0.38
Q1 24
$-0.23
$0.38

Balance Sheet & Financial Strength

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

Metric
TELA
TELA
UHT
UHT
Cash + ST InvestmentsLiquidity on hand
$50.8M
$6.7M
Total DebtLower is stronger
$374.8M
Stockholders' EquityBook value
$6.3M
$152.4M
Total Assets
$81.4M
$564.9M
Debt / EquityLower = less leverage
2.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TELA
TELA
UHT
UHT
Q4 25
$50.8M
$6.7M
Q3 25
$29.7M
$6.9M
Q2 25
$35.0M
$6.6M
Q1 25
$42.8M
$7.0M
Q4 24
$52.7M
$7.1M
Q3 24
$17.3M
$6.4M
Q2 24
$26.5M
$5.6M
Q1 24
$37.1M
$7.7M
Total Debt
TELA
TELA
UHT
UHT
Q4 25
$374.8M
Q3 25
Q2 25
$41.4M
Q1 25
$41.3M
Q4 24
$41.1M
$368.4M
Q3 24
$41.0M
Q2 24
$40.8M
Q1 24
$40.7M
Stockholders' Equity
TELA
TELA
UHT
UHT
Q4 25
$6.3M
$152.4M
Q3 25
$1.6M
$158.6M
Q2 25
$9.2M
$165.2M
Q1 25
$18.1M
$172.2M
Q4 24
$28.5M
$179.5M
Q3 24
$-6.3M
$181.6M
Q2 24
$2.9M
$190.7M
Q1 24
$14.4M
$196.5M
Total Assets
TELA
TELA
UHT
UHT
Q4 25
$81.4M
$564.9M
Q3 25
$61.6M
$568.0M
Q2 25
$67.5M
$573.0M
Q1 25
$77.3M
$573.5M
Q4 24
$86.6M
$580.9M
Q3 24
$53.0M
$584.3M
Q2 24
$60.2M
$586.6M
Q1 24
$71.8M
$596.2M
Debt / Equity
TELA
TELA
UHT
UHT
Q4 25
2.46×
Q3 25
Q2 25
4.51×
Q1 25
2.28×
Q4 24
1.45×
2.05×
Q3 24
Q2 24
14.22×
Q1 24
2.83×

Cash Flow & Capital Efficiency

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

Metric
TELA
TELA
UHT
UHT
Operating Cash FlowLast quarter
$-4.9M
$49.1M
Free Cash FlowOCF − Capex
$-5.0M
FCF MarginFCF / Revenue
-23.8%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
11.35×
TTM Free Cash FlowTrailing 4 quarters
$-28.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TELA
TELA
UHT
UHT
Q4 25
$-4.9M
$49.1M
Q3 25
$-5.7M
$10.2M
Q2 25
$-7.9M
$13.7M
Q1 25
$-9.7M
$11.6M
Q4 24
$-7.5M
$46.9M
Q3 24
$-9.0M
$9.9M
Q2 24
$-10.7M
$12.1M
Q1 24
$-14.4M
$11.7M
Free Cash Flow
TELA
TELA
UHT
UHT
Q4 25
$-5.0M
Q3 25
$-5.9M
Q2 25
$-8.0M
Q1 25
$-9.8M
Q4 24
$-7.8M
Q3 24
$-9.1M
Q2 24
$-11.0M
Q1 24
$-14.7M
FCF Margin
TELA
TELA
UHT
UHT
Q4 25
-23.8%
Q3 25
-28.7%
Q2 25
-39.7%
Q1 25
-52.7%
Q4 24
-44.2%
Q3 24
-48.0%
Q2 24
-68.3%
Q1 24
-88.5%
Capex Intensity
TELA
TELA
UHT
UHT
Q4 25
0.4%
Q3 25
1.0%
Q2 25
0.6%
Q1 25
0.2%
Q4 24
1.5%
Q3 24
0.6%
Q2 24
1.9%
Q1 24
1.8%
Cash Conversion
TELA
TELA
UHT
UHT
Q4 25
11.35×
Q3 25
2.54×
Q2 25
3.05×
Q1 25
2.43×
Q4 24
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

TELA
TELA

Ovitex$13.4M64%
Ovitex Prs$6.8M33%
Other$597.0K3%

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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