Medical Properties Trust, Inc. (MPW) Revenue History
Annual and quarterly revenue from 2004 to present
MPW Revenue Over Time (2004–2025)
MPW Revenue Growth History
17 of 21 years with positive growth- FY2004 revenue growth
- N/A
- FY2005 revenue growth
- +179.5%
- FY2006 revenue growth
- +65.7%
- FY2007 revenue growth
- +62.0%
- FY2008 revenue growth
- +30.9%
- FY2009 revenue growth
- +6.5%
- FY2010 revenue growth
- -5.3%
- FY2011 revenue growth
- +22.5%
- FY2012 revenue growth
- +49.7%
- FY2013 revenue growth
- +22.4%
- FY2014 revenue growth
- +28.9%
- FY2015 revenue growth
- +41.4%
- FY2016 revenue growth
- +22.5%
- FY2017 revenue growth
- +30.2%
- FY2018 revenue growth
- +11.3%
- FY2019 revenue growth
- +10.9%
- FY2020 revenue growth
- +43.5%
- FY2021 revenue growth
- +23.6%
- FY2022 revenue growth
- -0.1%
- FY2023 revenue growth
- -43.5%
- FY2024 revenue growth
- +14.2%
- FY2025 revenue growth
- -2.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $270.3M | +14.9% |
| Q3 2025 | $237.5M | +5.2% |
| Q2 2025 | $240.4M | -9.8% |
| Q1 2025 | $223.8M | -17.5% |
| Q4 2024 | $235.3M | +292.2% |
| Q3 2024 | $225.8M | -26.3% |
| Q2 2024 | $266.6M | -23.8% |
| Q1 2024 | $271.3M | -25.0% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown
MPW's revenue distribution by segment and geography
By Geography
MPW Revenue Analysis (2004–2025)
Current Revenue & Growth
As of June 21, 2026, Medical Properties Trust, Inc. (MPW) generated trailing twelve-month (TTM) revenue of $972.0 million, reflecting strong growth of +14.9% year-over-year. The most recent quarter (Q4 2025) recorded $270.3 million in revenue, up 13.8% sequentially.
Historical Growth Trajectory
MPW's 5-year compound annual growth rate (CAGR) stands at -4.9%, indicating revenue contraction over this period. The 3-year CAGR of -14.3% is below the 5-year average, signalling a growth deceleration in recent years. Medical Properties Trust, Inc.'s highest annual revenue of $1.54 billion was recorded in 2021.
Peer Comparison
Compared to Real Estate sector peers — including GMRE (+7.1% YoY), HR (-7.4% YoY), and OHI (+14.2% YoY) — MPW has underperformed the peer group in revenue growth. Compare MPW vs GMRE →
MPW Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MPWCurrent | $972M | +14.9% | -4.9% | - | |
 GMRE | $148M | +7.1% | +9.6% | - | |
 HR | $1.2B | -7.4% | +9.9% | 8.0% | |
 OHI | $1.2B | +14.2% | +6.1% | 62.6% | |
 SBRA | $775M | +12.9% | +5.3% | 34.1% | |
 LTC | $263M | +49.1% | +10.5% | 48.2% |
MPW Historical Revenue Data (2004–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $972.0M | -2.4% | $0 | - | $0 | - |
| 2024 | $995.5M | +14.2% | $968.3M | 97.3% | $386.8M | 38.9% |
| 2023 | $871.8M | -43.5% | $830.2M | 95.2% | $81.3M | 9.3% |
| 2022 | $1.54B | -0.1% | $1.50B | 97.0% | $1.00B | 65.1% |
| 2021 | $1.54B | +23.6% | $1.51B | 97.5% | $1.04B | 67.2% |
| 2020 | $1.25B | +43.5% | $1.22B | 98.0% | $0 | - |
| 2019 | $870.2M | +10.9% | $846.3M | 97.2% | $749.8M | 86.2% |
| 2018 | $784.5M | +11.3% | $775.3M | 98.8% | $561.2M | 71.5% |
| 2017 | $704.7M | +30.2% | $698.9M | 99.2% | $485.6M | 68.9% |
| 2016 | $541.1M | +22.5% | $538.4M | 99.5% | $341.6M | 63.1% |
| 2015 | $441.9M | +41.4% | $438.1M | 99.1% | $263.2M | 59.6% |
| 2014 | $312.5M | +28.9% | $310.7M | 99.4% | $143.0M | 45.7% |
| 2013 | $242.5M | +22.4% | $240.1M | 99.0% | $153.5M | 63.3% |
| 2012 | $198.1M | +49.7% | $196.6M | 99.3% | $129.9M | 65.5% |
| 2011 | $132.3M | +22.5% | $131.6M | 99.5% | $70.2M | 53.0% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
22+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
MPW — Frequently Asked Questions
Quick answers to the most common questions about buying MPW stock.
Is MPW's revenue growth accelerating or slowing?
MPW revenue growth is holding steady at +14.9% year-over-year. TTM revenue is $972M. The current growth rate closely tracks the 5-year CAGR of -4.9%, signalling consistent execution.
What is MPW's revenue history from 2004 to 2026?
Medical Properties Trust, Inc. (MPW) revenue history spans 2004 to 2026. TTM revenue as of 2026 is $972M, growing at +14.9% YoY. The 5-year CAGR is -4.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is MPW's long-term revenue growth rate (CAGR)?
Medical Properties Trust, Inc.'s 5-year revenue CAGR of -4.9% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +14.9% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for MPW.
Why does MPW's quarterly revenue fluctuate?
MPW quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Medical Properties Trust, Inc.'s revenue data from 2004 to 2026 shows full historical quarterly detail on this page.
How is MPW's revenue distributed by segment?
MPW reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does MPW's revenue compare to industry peers?
Medical Properties Trust, Inc. (MPW) with TTM revenue of $972M and +14.9% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.