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Side-by-side financial comparison of ACV Auctions Inc. (ACVA) and Industrial Logistics Properties Trust (ILPT). Click either name above to swap in a different company.
ACV Auctions Inc. is the larger business by last-quarter revenue ($183.6M vs $113.9M, roughly 1.6× Industrial Logistics Properties Trust). On growth, ACV Auctions Inc. posted the faster year-over-year revenue change (15.1% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $-14.7M). Over the past eight quarters, ACV Auctions Inc.'s revenue compounded faster (12.3% CAGR vs 0.7%).
ACV Auctions Inc.ACVAEarnings & Financial Report
ACV Auctions Inc. operates a leading digital wholesale vehicle auction platform serving automotive dealers across the U.S. and Canada. It offers end-to-end services including transparent vehicle inspections, secure payment processing, and logistics support, enabling efficient trading of used vehicles between registered wholesale buyers and sellers.
Industrial Logistics Properties Trust is a real estate investment trust that owns and operates a portfolio of industrial and logistics real estate assets primarily across the United States. Its holdings include distribution centers, warehouses, and last-mile delivery properties, serving e-commerce, retail, manufacturing and supply chain operators to meet their storage and logistics operation needs.
ACVA vs ILPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.6M | $113.9M |
| Net Profit | — | $-1.8M |
| Gross Margin | — | — |
| Operating Margin | -9.7% | -22.1% |
| Net Margin | — | -1.6% |
| Revenue YoY | 15.1% | 3.1% |
| Net Profit YoY | — | 92.6% |
| EPS (diluted) | $-0.12 | $-0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $183.6M | $113.9M | ||
| Q3 25 | $199.6M | $110.9M | ||
| Q2 25 | $193.7M | $112.1M | ||
| Q1 25 | $182.7M | $111.9M | ||
| Q4 24 | $159.5M | $110.5M | ||
| Q3 24 | $171.3M | $108.9M | ||
| Q2 24 | $160.6M | $110.6M | ||
| Q1 24 | $145.7M | $112.2M |
| Q4 25 | — | $-1.8M | ||
| Q3 25 | $-24.5M | $-21.6M | ||
| Q2 25 | $-7.3M | $-21.3M | ||
| Q1 25 | $-14.8M | $-21.5M | ||
| Q4 24 | — | $-24.1M | ||
| Q3 24 | $-16.0M | $-25.0M | ||
| Q2 24 | $-17.1M | $-23.2M | ||
| Q1 24 | $-20.5M | $-23.4M |
| Q4 25 | -9.7% | -22.1% | ||
| Q3 25 | -11.9% | -29.4% | ||
| Q2 25 | -3.7% | -30.8% | ||
| Q1 25 | -7.9% | -26.9% | ||
| Q4 24 | -16.2% | -31.1% | ||
| Q3 24 | -10.0% | -33.5% | ||
| Q2 24 | -11.6% | -32.4% | ||
| Q1 24 | -15.5% | -31.7% |
| Q4 25 | — | -1.6% | ||
| Q3 25 | -12.3% | -19.4% | ||
| Q2 25 | -3.8% | -19.0% | ||
| Q1 25 | -8.1% | -19.2% | ||
| Q4 24 | — | -21.8% | ||
| Q3 24 | -9.4% | -22.9% | ||
| Q2 24 | -10.6% | -20.9% | ||
| Q1 24 | -14.1% | -20.9% |
| Q4 25 | $-0.12 | $-0.02 | ||
| Q3 25 | $-0.14 | $-0.33 | ||
| Q2 25 | $-0.04 | $-0.32 | ||
| Q1 25 | $-0.09 | $-0.33 | ||
| Q4 24 | $-0.15 | $-0.37 | ||
| Q3 24 | $-0.10 | $-0.38 | ||
| Q2 24 | $-0.10 | $-0.35 | ||
| Q1 24 | $-0.13 | $-0.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $271.5M | $94.8M |
| Total DebtLower is stronger | — | $4.2B |
| Stockholders' EquityBook value | $429.7M | $489.7M |
| Total Assets | $1.1B | $5.2B |
| Debt / EquityLower = less leverage | — | 8.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $271.5M | $94.8M | ||
| Q3 25 | $265.3M | $83.2M | ||
| Q2 25 | $258.4M | $58.6M | ||
| Q1 25 | $291.9M | $108.0M | ||
| Q4 24 | $224.1M | $131.7M | ||
| Q3 24 | $252.5M | $153.9M | ||
| Q2 24 | $215.0M | $146.2M | ||
| Q1 24 | $209.8M | $128.4M |
| Q4 25 | — | $4.2B | ||
| Q3 25 | — | $4.2B | ||
| Q2 25 | — | $4.2B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
| Q4 25 | $429.7M | $489.7M | ||
| Q3 25 | $434.4M | $494.1M | ||
| Q2 25 | $448.8M | $519.1M | ||
| Q1 25 | $439.6M | $539.5M | ||
| Q4 24 | $440.0M | $562.0M | ||
| Q3 24 | $456.2M | $585.9M | ||
| Q2 24 | $457.6M | $618.3M | ||
| Q1 24 | $458.3M | $643.2M |
| Q4 25 | $1.1B | $5.2B | ||
| Q3 25 | $1.2B | $5.2B | ||
| Q2 25 | $1.1B | $5.2B | ||
| Q1 25 | $1.2B | $5.4B | ||
| Q4 24 | $984.1M | $5.4B | ||
| Q3 24 | $1.0B | $5.5B | ||
| Q2 24 | $1.0B | $5.5B | ||
| Q1 24 | $1.0B | $5.5B |
| Q4 25 | — | 8.56× | ||
| Q3 25 | — | 8.49× | ||
| Q2 25 | — | 8.09× | ||
| Q1 25 | — | 7.96× | ||
| Q4 24 | — | 7.65× | ||
| Q3 24 | — | 7.35× | ||
| Q2 24 | — | 6.96× | ||
| Q1 24 | — | 6.70× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-12.4M | $60.7M |
| Free Cash FlowOCF − Capex | $-14.7M | $42.0M |
| FCF MarginFCF / Revenue | -8.0% | 36.9% |
| Capex IntensityCapex / Revenue | 1.2% | 16.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $69.1M | $79.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.4M | $60.7M | ||
| Q3 25 | $10.3M | $22.7M | ||
| Q2 25 | $13.7M | $18.4M | ||
| Q1 25 | $66.6M | $11.4M | ||
| Q4 24 | $-3.2M | $2.0M | ||
| Q3 24 | $21.1M | $-3.4M | ||
| Q2 24 | $4.5M | $10.8M | ||
| Q1 24 | $43.0M | $8.0M |
| Q4 25 | $-14.7M | $42.0M | ||
| Q3 25 | $7.7M | $17.6M | ||
| Q2 25 | $10.9M | $15.2M | ||
| Q1 25 | $65.3M | $5.0M | ||
| Q4 24 | $-3.9M | $-3.7M | ||
| Q3 24 | $20.2M | $-5.9M | ||
| Q2 24 | $2.7M | $9.4M | ||
| Q1 24 | $41.9M | $5.9M |
| Q4 25 | -8.0% | 36.9% | ||
| Q3 25 | 3.8% | 15.9% | ||
| Q2 25 | 5.6% | 13.5% | ||
| Q1 25 | 35.7% | 4.5% | ||
| Q4 24 | -2.5% | -3.4% | ||
| Q3 24 | 11.8% | -5.5% | ||
| Q2 24 | 1.7% | 8.5% | ||
| Q1 24 | 28.8% | 5.2% |
| Q4 25 | 1.2% | 16.4% | ||
| Q3 25 | 1.3% | 4.6% | ||
| Q2 25 | 1.5% | 2.9% | ||
| Q1 25 | 0.7% | 5.7% | ||
| Q4 24 | 0.4% | 5.2% | ||
| Q3 24 | 0.6% | 2.3% | ||
| Q2 24 | 1.1% | 1.3% | ||
| Q1 24 | 0.7% | 1.9% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACVA
| Auction Marketplace Revenue | $77.6M | 42% |
| Other Marketplace Revenue | $72.4M | 39% |
| Customer Assurance | $24.1M | 13% |
| Data Services Revenue | $9.4M | 5% |
ILPT
Segment breakdown not available.
