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Side-by-side financial comparison of UMH PROPERTIES, INC. (UMH) and Vericel Corp (VCEL). Click either name above to swap in a different company.

Vericel Corp is the larger business by last-quarter revenue ($92.9M vs $67.0M, roughly 1.4× UMH PROPERTIES, INC.). Vericel Corp runs the higher net margin — 25.0% vs 6.8%, a 18.2% gap on every dollar of revenue. On growth, Vericel Corp posted the faster year-over-year revenue change (23.3% vs 8.2%). Over the past eight quarters, Vericel Corp's revenue compounded faster (34.6% CAGR vs 7.8%).

UMH Properties, Inc. is a public equity real estate investment trust (REIT) that owns and operates a portfolio of 135 manufactured home communities with approximately 25,700 developed homesites. These communities are located in 12 states: New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina, Georgia, and Florida. UMH also owns and operates two communities in Florida through its joint venture with Nuveen Real Estate.

Vericel Corporation is a publicly traded American biopharmaceutical company which was known prior to October 2014 as Aastrom Bio. Aastrom Bio was formed in 1989 in Ann Arbor, Michigan.

UMH vs VCEL — Head-to-Head

Bigger by revenue
VCEL
VCEL
1.4× larger
VCEL
$92.9M
$67.0M
UMH
Growing faster (revenue YoY)
VCEL
VCEL
+15.0% gap
VCEL
23.3%
8.2%
UMH
Higher net margin
VCEL
VCEL
18.2% more per $
VCEL
25.0%
6.8%
UMH
Faster 2-yr revenue CAGR
VCEL
VCEL
Annualised
VCEL
34.6%
7.8%
UMH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
UMH
UMH
VCEL
VCEL
Revenue
$67.0M
$92.9M
Net Profit
$4.6M
$23.2M
Gross Margin
78.7%
Operating Margin
24.1%
Net Margin
6.8%
25.0%
Revenue YoY
8.2%
23.3%
Net Profit YoY
-8.1%
17.3%
EPS (diluted)
$-0.01
$0.46

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
UMH
UMH
VCEL
VCEL
Q4 25
$67.0M
$92.9M
Q3 25
$66.9M
$67.5M
Q2 25
$66.6M
$63.2M
Q1 25
$61.2M
$52.6M
Q4 24
$61.9M
$75.4M
Q3 24
$60.7M
$57.9M
Q2 24
$60.3M
$52.7M
Q1 24
$57.7M
$51.3M
Net Profit
UMH
UMH
VCEL
VCEL
Q4 25
$4.6M
$23.2M
Q3 25
$9.3M
$5.1M
Q2 25
$7.6M
$-553.0K
Q1 25
$4.8M
$-11.2M
Q4 24
$5.0M
$19.8M
Q3 24
$12.9M
$-901.0K
Q2 24
$5.2M
$-4.7M
Q1 24
$-1.6M
$-3.9M
Gross Margin
UMH
UMH
VCEL
VCEL
Q4 25
78.7%
Q3 25
73.5%
Q2 25
73.7%
Q1 25
69.0%
Q4 24
77.6%
Q3 24
71.9%
Q2 24
69.5%
Q1 24
68.9%
Operating Margin
UMH
UMH
VCEL
VCEL
Q4 25
24.1%
Q3 25
5.1%
Q2 25
-3.2%
Q1 25
-24.3%
Q4 24
24.5%
Q3 24
-4.3%
Q2 24
-11.5%
Q1 24
-10.7%
Net Margin
UMH
UMH
VCEL
VCEL
Q4 25
6.8%
25.0%
Q3 25
13.9%
7.5%
Q2 25
11.4%
-0.9%
Q1 25
7.9%
-21.4%
Q4 24
8.0%
26.3%
Q3 24
21.3%
-1.6%
Q2 24
8.6%
-8.9%
Q1 24
-2.8%
-7.5%
EPS (diluted)
UMH
UMH
VCEL
VCEL
Q4 25
$-0.01
$0.46
Q3 25
$0.05
$0.10
Q2 25
$0.03
$-0.01
Q1 25
$0.00
$-0.23
Q4 24
$0.00
$0.40
Q3 24
$0.11
$-0.02
Q2 24
$0.01
$-0.10
Q1 24
$-0.09
$-0.08

Balance Sheet & Financial Strength

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

Metric
UMH
UMH
VCEL
VCEL
Cash + ST InvestmentsLiquidity on hand
$72.1M
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$905.5M
$354.6M
Total Assets
$1.7B
$488.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UMH
UMH
VCEL
VCEL
Q4 25
$72.1M
$137.5M
Q3 25
$34.1M
$135.4M
Q2 25
$79.2M
$116.9M
Q1 25
$35.2M
$112.9M
Q4 24
$99.7M
$116.2M
Q3 24
$66.7M
$101.7M
Q2 24
$39.5M
$102.5M
Q1 24
$39.9M
$110.6M
Stockholders' Equity
UMH
UMH
VCEL
VCEL
Q4 25
$905.5M
$354.6M
Q3 25
$924.7M
$321.9M
Q2 25
$932.0M
$306.8M
Q1 25
$912.4M
$295.5M
Q4 24
$914.0M
$292.0M
Q3 24
$856.5M
$257.5M
Q2 24
$742.0M
$243.0M
Q1 24
$715.1M
$233.9M
Total Assets
UMH
UMH
VCEL
VCEL
Q4 25
$1.7B
$488.0M
Q3 25
$1.6B
$453.3M
Q2 25
$1.6B
$435.6M
Q1 25
$1.5B
$424.6M
Q4 24
$1.6B
$432.7M
Q3 24
$1.5B
$390.4M
Q2 24
$1.4B
$376.8M
Q1 24
$1.4B
$356.7M

Cash Flow & Capital Efficiency

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

Metric
UMH
UMH
VCEL
VCEL
Operating Cash FlowLast quarter
$82.0M
$15.0M
Free Cash FlowOCF − Capex
$12.8M
FCF MarginFCF / Revenue
13.8%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
17.92×
0.65×
TTM Free Cash FlowTrailing 4 quarters
$24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
UMH
UMH
VCEL
VCEL
Q4 25
$82.0M
$15.0M
Q3 25
$23.4M
$22.1M
Q2 25
$24.4M
$8.2M
Q1 25
$12.8M
$6.6M
Q4 24
$81.6M
$22.2M
Q3 24
$16.7M
$10.2M
Q2 24
$18.6M
$18.5M
Q1 24
$19.0M
$7.2M
Free Cash Flow
UMH
UMH
VCEL
VCEL
Q4 25
$12.8M
Q3 25
$19.5M
Q2 25
$81.0K
Q1 25
$-7.6M
Q4 24
$8.5M
Q3 24
$-9.2M
Q2 24
$1.8M
Q1 24
$-6.8M
FCF Margin
UMH
UMH
VCEL
VCEL
Q4 25
13.8%
Q3 25
28.8%
Q2 25
0.1%
Q1 25
-14.5%
Q4 24
11.2%
Q3 24
-15.9%
Q2 24
3.4%
Q1 24
-13.3%
Capex Intensity
UMH
UMH
VCEL
VCEL
Q4 25
2.4%
Q3 25
3.9%
Q2 25
12.9%
Q1 25
27.0%
Q4 24
18.3%
Q3 24
33.5%
Q2 24
31.8%
Q1 24
27.3%
Cash Conversion
UMH
UMH
VCEL
VCEL
Q4 25
17.92×
0.65×
Q3 25
2.53×
4.35×
Q2 25
3.21×
Q1 25
2.66×
Q4 24
16.39×
1.12×
Q3 24
1.30×
Q2 24
3.58×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

UMH
UMH

Segment breakdown not available.

VCEL
VCEL

MACI Implants And Kits$84.1M90%
Other$8.8M10%

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