Medical Properties Trust Inc key statistics and ratios
In fiscal 2025, Medical Properties Trust Inc had return on equity of -5.9%, a net margin of -28.5% and debt equal to 213.4% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.
Financial ratios
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | — | — | — | — | — | — | — | — | — | 89.3% | 80.3% | 97.6% | 93.4% | 89.1% | 87.4% | 92.6% | 90.7% | 90.3% |
| Operating margin | 59.2% | 39.1% | 53.0% | 65.5% | 63.3% | 45.7% | 59.6% | 63.1% | 68.9% | — | — | — | — | — | — | — | — | — |
| Net margin | 31.9% | 21.2% | 20.1% | 45.4% | 40.0% | 16.2% | 31.6% | 41.6% | 41.1% | 129.6% | 43.9% | 34.5% | 42.5% | 58.5% | −63.8% | −242.1% | −28.5% | −3.0% |
| Return on equity | 5.4% | 2.9% | 3.1% | 9.6% | 8.1% | 3.7% | 8.0% | 8.4% | 8.2% | 24.3% | 6.5% | 6.0% | 8.3% | 10.6% | −6.9% | −38.7% | −5.9% | −0.7% |
| Return on assets | — | 1.7% | 1.8% | 4.7% | 3.8% | 1.5% | 3.0% | 3.7% | 3.8% | 11.4% | 3.2% | 2.8% | 3.5% | 4.5% | −2.9% | −14.8% | −1.9% | −0.2% |
| Asset turnover | — | 0.08 | 0.09 | 0.10 | 0.10 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.07 | 0.08 | 0.08 | 0.08 | 0.05 | 0.06 | 0.07 | 0.07 |
| Debt to equity | 0.0% | 41.1% | 83.3% | 97.7% | 105.8% | 159.1% | 159.3% | 89.6% | 129.3% | 89.6% | 100.9% | 121.7% | 134.6% | 120.2% | 132.5% | 184.6% | 213.4% | 218.5% |
| Interest cover (operating income ÷ interest) | 1.8x | 1.2x | 1.6x | 2.2x | 2.3x | 1.5x | 2.2x | 2.1x | 2.7x | — | — | — | — | — | — | — | — | — |
| Effective tax rate | — | — | — | 0.0% | 0.8% | 0.7% | 1.1% | −3.1% | 0.9% | 0.1% | −0.7% | 6.7% | 10.1% | 5.8% | — | — | — | — |
| Dividends ÷ net income | 169.7% | 336.4% | 337.7% | 115.6% | 124.0% | 285.7% | 131.1% | 97.0% | 112.7% | 35.8% | 109.9% | 131.6% | 98.1% | 77.4% | — | — | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 96.5% | 90.9% | 63.6% | 91.8% | — | 95.8% | 61.4% | 95.3% |
| Net margin | −354.8% | −178.1% | −52.8% | −40.9% | −32.7% | 6.4% | 13.0% | −1.0% |
| Debt to equity | 169.5% | 183.1% | 198.8% | 199.7% | 206.3% | 210.5% | 212.6% | 215.7% |
Moat
Moderate moat
How hard Medical Properties Trust's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.
- Returns on capital 1 / 20
Net income has been a median 2.7% of total assets over 10 years.
- Pricing power 17 / 20
Gross margin has been a median 89.1%, moving by 5.1 percentage points (standard deviation) across 7 years.
- Durability 19 / 20
Operating margin has been a median 61.4%; its worst year was 39.1%.
- Cash conversion 17 / 20
Free cash flow was positive in 7 of 10 years, at a median 27.8% of revenue.
- Discipline 13 / 20
The diluted share count rose 7.2% over five years; stock-based pay has been a median 3.1% of revenue.
AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.
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