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Side-by-side financial comparison of UNIVERSAL HEALTH REALTY INCOME TRUST (UHT) and ULTRALIFE CORP (ULBI). Click either name above to swap in a different company.

ULTRALIFE CORP is the larger business by last-quarter revenue ($48.5M vs $24.5M, roughly 2.0× UNIVERSAL HEALTH REALTY INCOME TRUST). UNIVERSAL HEALTH REALTY INCOME TRUST runs the higher net margin — 17.7% vs -15.3%, a 33.0% gap on every dollar of revenue. On growth, ULTRALIFE CORP posted the faster year-over-year revenue change (10.6% vs -0.7%). Over the past eight quarters, ULTRALIFE CORP's revenue compounded faster (7.5% CAGR vs -1.3%).

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.

Ultralife Corporation designs and manufactures batteries and communications systems worldwide. Ultralife serves government and defense, medical, safety and security, energy, robotics and other customers across the globe through the design and development of a range of products. Founded in 1991 when launched as an Initial Public Offering (IPO) evolving from Kodak’s Ultra Technologies battery division, and headquartered in Newark, New York, the Company’s business segments include battery and en...

UHT vs ULBI — Head-to-Head

Bigger by revenue
ULBI
ULBI
2.0× larger
ULBI
$48.5M
$24.5M
UHT
Growing faster (revenue YoY)
ULBI
ULBI
+11.2% gap
ULBI
10.6%
-0.7%
UHT
Higher net margin
UHT
UHT
33.0% more per $
UHT
17.7%
-15.3%
ULBI
Faster 2-yr revenue CAGR
ULBI
ULBI
Annualised
ULBI
7.5%
-1.3%
UHT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
UHT
UHT
ULBI
ULBI
Revenue
$24.5M
$48.5M
Net Profit
$4.3M
$-7.4M
Gross Margin
24.9%
Operating Margin
34.7%
-21.9%
Net Margin
17.7%
-15.3%
Revenue YoY
-0.7%
10.6%
Net Profit YoY
-7.2%
-3925.8%
EPS (diluted)
$0.32
$-35.00

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
UHT
UHT
ULBI
ULBI
Q4 25
$24.5M
$48.5M
Q3 25
$25.3M
$43.4M
Q2 25
$24.9M
$48.6M
Q1 25
$24.5M
$50.7M
Q4 24
$24.6M
$43.9M
Q3 24
$24.5M
$35.7M
Q2 24
$24.7M
$43.0M
Q1 24
$25.1M
$41.9M
Net Profit
UHT
UHT
ULBI
ULBI
Q4 25
$4.3M
$-7.4M
Q3 25
$4.0M
$-1.2M
Q2 25
$4.5M
$879.0K
Q1 25
$4.8M
$1.9M
Q4 24
$4.7M
$194.0K
Q3 24
$4.0M
$258.0K
Q2 24
$5.3M
$3.0M
Q1 24
$5.3M
$2.9M
Gross Margin
UHT
UHT
ULBI
ULBI
Q4 25
24.9%
Q3 25
22.2%
Q2 25
23.9%
Q1 25
25.1%
Q4 24
24.2%
Q3 24
24.3%
Q2 24
26.9%
Q1 24
27.4%
Operating Margin
UHT
UHT
ULBI
ULBI
Q4 25
34.7%
-21.9%
Q3 25
33.2%
-2.2%
Q2 25
35.6%
4.6%
Q1 25
36.8%
6.7%
Q4 24
37.6%
3.4%
Q3 24
34.7%
1.4%
Q2 24
38.7%
9.1%
Q1 24
37.6%
9.7%
Net Margin
UHT
UHT
ULBI
ULBI
Q4 25
17.7%
-15.3%
Q3 25
15.9%
-2.8%
Q2 25
18.1%
1.8%
Q1 25
19.5%
3.7%
Q4 24
18.9%
0.4%
Q3 24
16.3%
0.7%
Q2 24
21.3%
6.9%
Q1 24
21.1%
6.9%
EPS (diluted)
UHT
UHT
ULBI
ULBI
Q4 25
$0.32
$-35.00
Q3 25
$0.29
$-0.07
Q2 25
$0.32
$0.05
Q1 25
$0.34
$0.02
Q4 24
$0.34
$37.72
Q3 24
$0.29
$0.02
Q2 24
$0.38
$0.18
Q1 24
$0.38
$0.08

Balance Sheet & Financial Strength

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

Metric
UHT
UHT
ULBI
ULBI
Cash + ST InvestmentsLiquidity on hand
$6.7M
$9.3M
Total DebtLower is stronger
$374.8M
Stockholders' EquityBook value
$152.4M
$130.0M
Total Assets
$564.9M
$216.9M
Debt / EquityLower = less leverage
2.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UHT
UHT
ULBI
ULBI
Q4 25
$6.7M
$9.3M
Q3 25
$6.9M
Q2 25
$6.6M
Q1 25
$7.0M
Q4 24
$7.1M
$6.9M
Q3 24
$6.4M
$6.8M
Q2 24
$5.6M
$6.7M
Q1 24
$7.7M
$10.1M
Total Debt
UHT
UHT
ULBI
ULBI
Q4 25
$374.8M
Q3 25
Q2 25
Q1 25
Q4 24
$368.4M
$55.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
UHT
UHT
ULBI
ULBI
Q4 25
$152.4M
$130.0M
Q3 25
$158.6M
$137.3M
Q2 25
$165.2M
$138.4M
Q1 25
$172.2M
$136.4M
Q4 24
$179.5M
$134.0M
Q3 24
$181.6M
$134.5M
Q2 24
$190.7M
$133.2M
Q1 24
$196.5M
$128.8M
Total Assets
UHT
UHT
ULBI
ULBI
Q4 25
$564.9M
$216.9M
Q3 25
$568.0M
$222.2M
Q2 25
$573.0M
$221.0M
Q1 25
$573.5M
$223.8M
Q4 24
$580.9M
$220.5M
Q3 24
$584.3M
$172.4M
Q2 24
$586.6M
$169.8M
Q1 24
$596.2M
$180.6M
Debt / Equity
UHT
UHT
ULBI
ULBI
Q4 25
2.46×
Q3 25
Q2 25
Q1 25
Q4 24
2.05×
0.41×
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
UHT
UHT
ULBI
ULBI
Operating Cash FlowLast quarter
$49.1M
$1.5M
Free Cash FlowOCF − Capex
$607.0K
FCF MarginFCF / Revenue
1.3%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
11.35×
TTM Free Cash FlowTrailing 4 quarters
$7.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
UHT
UHT
ULBI
ULBI
Q4 25
$49.1M
$1.5M
Q3 25
$10.2M
$198.0K
Q2 25
$13.7M
$5.9M
Q1 25
$11.6M
$3.4M
Q4 24
$46.9M
$3.0M
Q3 24
$9.9M
$4.7M
Q2 24
$12.1M
$8.9M
Q1 24
$11.7M
$-81.0K
Free Cash Flow
UHT
UHT
ULBI
ULBI
Q4 25
$607.0K
Q3 25
$-797.0K
Q2 25
$4.8M
Q1 25
$2.5M
Q4 24
$2.4M
Q3 24
$4.2M
Q2 24
$8.6M
Q1 24
$-453.0K
FCF Margin
UHT
UHT
ULBI
ULBI
Q4 25
1.3%
Q3 25
-1.8%
Q2 25
10.0%
Q1 25
4.9%
Q4 24
5.6%
Q3 24
11.6%
Q2 24
19.9%
Q1 24
-1.1%
Capex Intensity
UHT
UHT
ULBI
ULBI
Q4 25
1.8%
Q3 25
2.3%
Q2 25
2.3%
Q1 25
1.8%
Q4 24
1.4%
Q3 24
1.7%
Q2 24
0.8%
Q1 24
0.9%
Cash Conversion
UHT
UHT
ULBI
ULBI
Q4 25
11.35×
Q3 25
2.54×
Q2 25
3.05×
6.75×
Q1 25
2.43×
1.81×
Q4 24
10.06×
15.70×
Q3 24
2.48×
18.40×
Q2 24
2.30×
3.01×
Q1 24
2.21×
-0.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

UHT
UHT

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

ULBI
ULBI

Commercial$36.3M75%
Government Defense$9.6M20%
Communications Systems Segment$2.6M5%

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