Medical Properties Trust (MPT) earnings and revenue breakdown
Latest: Q3 2026 · 8-K filed Oct 29, 2026
Q3 2026 Revenue up 5% year over year to $250M · 81¢ of every $1 of revenue kept as net profit · operating margin 84.8%
Medical Properties Trust made $250M in Q3 2026 (+5% Y/Y). Operating margin 84.8%, net earnings $202M. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Oct 29, 2026 (preliminary, from the earnings release).
Revenue$250M
Year over year+5%
Operating margin84.8%
Net earnings$202M
Operating cash flow—
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $250.1M in Q3 2026, up 5% year over year.
Operating profit was $212.1M, a 84.8% margin (up 88.4 points year over year). Total costs fell 85% while revenue rose 5%. Net earnings were $201.6M. The effective tax rate was 4.7%.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
8-K
Oct 29, 2026
$250M
+5%
84.8%
$202M
—
Q2 2026
10-Q
Aug 10, 2026
$259M
+8%
3.3%
−$2.3M
$62.4M
Q1 2026
10-Q
May 8, 2026
$252M
+13%
2.7%
$32.8M
−$14.3M
Q4 2025
10-K
Feb 26, 2026
$270M
+17%
13.6%
$17.3M
$160M
Q3 2025
10-Q
Nov 7, 2025
$238M
+5%
-3.6%
−$77.5M
$18.6M
Q2 2025
10-Q
Aug 8, 2025
$240M
-10%
2.9%
−$98.1M
$51.7M
Q1 2025
10-Q
May 9, 2025
$224M
-18%
-2.5%
−$118M
$384K
Charts
Latest (Q3 2026): Y/Y +5%, Q/Q -4%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q1 2026): Net income $33.1M, Operating cash flow −$14.3M.+13.3% since FY2020: more shares outstanding (issuance, stock pay).Cash $541M, short-term investments —, long-term debt $9.7B at 2025-12-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world’s largest owners of hospital real estate with 373 facilities and approximately 38,000 licensed beds in nine countries and across three continents as of June 30, 2026. MPT’s financing model facilitates acquisitions and recapitalizations, and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations. For more information, please visit the Company’s website at www.mpt.com .
In its own words, from its 8-K, filed Aug 10, 2026.
Medical Properties Trust against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +11%. Operating margin: 84.8% against the peers' median 20.6%.