Medical Properties Trust, Inc.
NYSE: MPT · REAL ESTATE · REIT - HEALTHCARE FACILITIES
Updated 2026-06-03
Medical Properties Trust, Inc. (MPT) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2005 | $30.45M | $19.64M | — | 59.94% | 64.49% |
| 2006 | $50.47M | $30.16M | — | 66.52% | 59.76% |
| 2007 | $81.79M | $41.24M | 100.00% | 68.18% | 50.42% |
| 2008 | $107.07M | $32.70M | 96.04% | 56.90% | 30.54% |
| 2009 | $114.04M | $36.33M | 96.67% | 59.24% | 31.86% |
| 2010 | $108.02M | $22.91M | 95.94% | 39.08% | 21.21% |
| 2011 | $132.32M | $26.54M | 99.45% | 53.03% | 20.05% |
| 2012 | $198.13M | $89.90M | 99.25% | 65.54% | 45.38% |
| 2013 | $242.52M | $96.99M | 98.99% | 63.31% | 39.99% |
| 2014 | $312.53M | $50.52M | 99.41% | 45.74% | 16.17% |
| 2015 | $441.88M | $139.60M | 99.14% | 59.57% | 31.59% |
| 2016 | $541.14M | $225.05M | 99.50% | 63.13% | 41.59% |
| 2017 | $704.75M | $289.79M | 99.18% | 68.90% | 41.12% |
| 2019 | $870.25M | $374.68M | 97.24% | 86.16% | 43.05% |
| 2020 | $1.25B | $431.45M | 98.01% | — | 34.54% |
| 2021 | $1.54B | $656.02M | 97.47% | 67.24% | 42.47% |
| 2022 | $1.54B | $902.60M | 97.04% | 65.05% | 58.50% |
| 2023 | $871.80M | $-556.48M | 95.23% | 9.32% | -63.83% |
| 2024 | $995.55M | $-2.41B | 97.26% | 38.86% | -242.11% |
| 2025 | $972.02M | $-277.05M | 96.25% | 55.53% | -28.50% |
Frequently asked questions
What is Medical Properties Trust, Inc.'s revenue?
Medical Properties Trust, Inc.'s trailing twelve-month revenue is $1.10B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is MPT?
In its most recent fiscal year, MPT ran a gross margin of 96.25%, an operating margin of 55.53%, and a net margin of -28.50%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does MPT generate?
MPT produced $8.68M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is MPT's balance sheet healthy?
MPT holds $540.86M in cash and equivalents against $9.70B in long-term debt, on $4.61B of shareholder equity. That debt is best read against the cash flow the business throws off each year.