Medical Properties Trust, Inc. (MPW) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown
MPW's revenue distribution by segment and geography
By Geography
MPW Revenue Analysis (2014–2025)
As of February 28, 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.
Looking at the longer-term picture, MPW's 5-year compound annual growth rate (CAGR) stands at -4.9%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $1.54 billion in 2021.
When compared to Real Estate sector peers including HCA (+7.1% YoY), THC (+3.1% YoY), and ACHC (+5.0% YoY), MPW has outperformed the peer group in terms of revenue growth. Compare MPW vs HCA →
Peer Comparison
Compare MPW's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MPWCurrent | $972M | +14.9% | -4.9% | - | |
| HCA | $75.6B | +7.1% | +8.0% | 15.8% | |
| THC | $21.3B | +3.1% | +3.9% | 16.5% | |
| ACHC | $3.3B | +5.0% | +9.7% | 11.7% | |
| ARDT | $6.0B | +10.9% | +23.2% | 6.8% | |
| CYH | $12.5B | -1.2% | +1.2% | 11.9% |
Historical Revenue Data
| 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% |
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Start ComparisonFrequently Asked Questions
Is MPW's revenue growth accelerating or slowing?
MPW maintains +14.9% revenue growth, in line with its 5-year CAGR of -4.9%. TTM revenue stands at $972M. Growth rate remains consistent with historical average.
What is MPW's long-term revenue growth rate?
Medical Properties Trust, Inc.'s 5-year revenue CAGR of -4.9% reflects the sustained expansion pattern. Current YoY growth of +14.9% is near this long-term average.
How is MPW's revenue distributed by segment?
MPW reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.