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Side-by-side financial comparison of Amphastar Pharmaceuticals, Inc. (AMPH) and Industrial Logistics Properties Trust (ILPT). Click either name above to swap in a different company.

Amphastar Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($183.1M vs $113.9M, roughly 1.6× Industrial Logistics Properties Trust). Amphastar Pharmaceuticals, Inc. runs the higher net margin — 13.3% vs -1.6%, a 14.9% gap on every dollar of revenue. On growth, Industrial Logistics Properties Trust posted the faster year-over-year revenue change (3.1% vs -1.8%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $24.6M). Over the past eight quarters, Amphastar Pharmaceuticals, Inc.'s revenue compounded faster (3.2% CAGR vs 0.7%).

Amphastar Pharmaceuticals is a publicly traded American speciality pharmaceutical company. It was incorporated in May 2004 and primarily develops, manufactures, and sells inhalation and intranasal products.

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.

AMPH vs ILPT — Head-to-Head

Bigger by revenue
AMPH
AMPH
1.6× larger
AMPH
$183.1M
$113.9M
ILPT
Growing faster (revenue YoY)
ILPT
ILPT
+4.9% gap
ILPT
3.1%
-1.8%
AMPH
Higher net margin
AMPH
AMPH
14.9% more per $
AMPH
13.3%
-1.6%
ILPT
More free cash flow
ILPT
ILPT
$17.4M more FCF
ILPT
$42.0M
$24.6M
AMPH
Faster 2-yr revenue CAGR
AMPH
AMPH
Annualised
AMPH
3.2%
0.7%
ILPT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMPH
AMPH
ILPT
ILPT
Revenue
$183.1M
$113.9M
Net Profit
$24.4M
$-1.8M
Gross Margin
46.8%
Operating Margin
19.4%
-22.1%
Net Margin
13.3%
-1.6%
Revenue YoY
-1.8%
3.1%
Net Profit YoY
-35.7%
92.6%
EPS (diluted)
$0.51
$-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.

Revenue
AMPH
AMPH
ILPT
ILPT
Q4 25
$183.1M
$113.9M
Q3 25
$191.8M
$110.9M
Q2 25
$174.4M
$112.1M
Q1 25
$170.5M
$111.9M
Q4 24
$186.5M
$110.5M
Q3 24
$191.2M
$108.9M
Q2 24
$182.4M
$110.6M
Q1 24
$171.8M
$112.2M
Net Profit
AMPH
AMPH
ILPT
ILPT
Q4 25
$24.4M
$-1.8M
Q3 25
$17.4M
$-21.6M
Q2 25
$31.0M
$-21.3M
Q1 25
$25.3M
$-21.5M
Q4 24
$38.0M
$-24.1M
Q3 24
$40.4M
$-25.0M
Q2 24
$37.9M
$-23.2M
Q1 24
$43.2M
$-23.4M
Gross Margin
AMPH
AMPH
ILPT
ILPT
Q4 25
46.8%
Q3 25
51.4%
Q2 25
49.6%
Q1 25
50.0%
Q4 24
46.5%
Q3 24
53.3%
Q2 24
52.2%
Q1 24
52.4%
Operating Margin
AMPH
AMPH
ILPT
ILPT
Q4 25
19.4%
-22.1%
Q3 25
13.2%
-29.4%
Q2 25
24.2%
-30.8%
Q1 25
21.9%
-26.9%
Q4 24
24.2%
-31.1%
Q3 24
29.8%
-33.5%
Q2 24
30.3%
-32.4%
Q1 24
27.9%
-31.7%
Net Margin
AMPH
AMPH
ILPT
ILPT
Q4 25
13.3%
-1.6%
Q3 25
9.0%
-19.4%
Q2 25
17.8%
-19.0%
Q1 25
14.8%
-19.2%
Q4 24
20.4%
-21.8%
Q3 24
21.1%
-22.9%
Q2 24
20.8%
-20.9%
Q1 24
25.1%
-20.9%
EPS (diluted)
AMPH
AMPH
ILPT
ILPT
Q4 25
$0.51
$-0.02
Q3 25
$0.37
$-0.33
Q2 25
$0.64
$-0.32
Q1 25
$0.51
$-0.33
Q4 24
$0.74
$-0.37
Q3 24
$0.78
$-0.38
Q2 24
$0.73
$-0.35
Q1 24
$0.81
$-0.36

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMPH
AMPH
ILPT
ILPT
Cash + ST InvestmentsLiquidity on hand
$282.8M
$94.8M
Total DebtLower is stronger
$608.7M
$4.2B
Stockholders' EquityBook value
$788.8M
$489.7M
Total Assets
$1.6B
$5.2B
Debt / EquityLower = less leverage
0.77×
8.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMPH
AMPH
ILPT
ILPT
Q4 25
$282.8M
$94.8M
Q3 25
$276.2M
$83.2M
Q2 25
$231.8M
$58.6M
Q1 25
$236.9M
$108.0M
Q4 24
$221.6M
$131.7M
Q3 24
$250.5M
$153.9M
Q2 24
$217.8M
$146.2M
Q1 24
$289.6M
$128.4M
Total Debt
AMPH
AMPH
ILPT
ILPT
Q4 25
$608.7M
$4.2B
Q3 25
$608.6M
$4.2B
Q2 25
$607.7M
$4.2B
Q1 25
$603.9M
$4.3B
Q4 24
$601.6M
$4.3B
Q3 24
$596.4M
$4.3B
Q2 24
$586.9M
$4.3B
Q1 24
$594.0M
$4.3B
Stockholders' Equity
AMPH
AMPH
ILPT
ILPT
Q4 25
$788.8M
$489.7M
Q3 25
$776.7M
$494.1M
Q2 25
$757.5M
$519.1M
Q1 25
$751.3M
$539.5M
Q4 24
$732.3M
$562.0M
Q3 24
$727.7M
$585.9M
Q2 24
$713.3M
$618.3M
Q1 24
$672.4M
$643.2M
Total Assets
AMPH
AMPH
ILPT
ILPT
Q4 25
$1.6B
$5.2B
Q3 25
$1.7B
$5.2B
Q2 25
$1.6B
$5.2B
Q1 25
$1.6B
$5.4B
Q4 24
$1.6B
$5.4B
Q3 24
$1.5B
$5.5B
Q2 24
$1.5B
$5.5B
Q1 24
$1.6B
$5.5B
Debt / Equity
AMPH
AMPH
ILPT
ILPT
Q4 25
0.77×
8.56×
Q3 25
0.78×
8.49×
Q2 25
0.80×
8.09×
Q1 25
0.80×
7.96×
Q4 24
0.82×
7.65×
Q3 24
0.82×
7.35×
Q2 24
0.82×
6.96×
Q1 24
0.88×
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
AMPH
AMPH
ILPT
ILPT
Operating Cash FlowLast quarter
$32.9M
$60.7M
Free Cash FlowOCF − Capex
$24.6M
$42.0M
FCF MarginFCF / Revenue
13.4%
36.9%
Capex IntensityCapex / Revenue
4.5%
16.4%
Cash ConversionOCF / Net Profit
1.35×
TTM Free Cash FlowTrailing 4 quarters
$121.2M
$79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMPH
AMPH
ILPT
ILPT
Q4 25
$32.9M
$60.7M
Q3 25
$52.6M
$22.7M
Q2 25
$35.6M
$18.4M
Q1 25
$35.1M
$11.4M
Q4 24
$29.0M
$2.0M
Q3 24
$60.0M
$-3.4M
Q2 24
$69.1M
$10.8M
Q1 24
$55.3M
$8.0M
Free Cash Flow
AMPH
AMPH
ILPT
ILPT
Q4 25
$24.6M
$42.0M
Q3 25
$47.2M
$17.6M
Q2 25
$25.0M
$15.2M
Q1 25
$24.4M
$5.0M
Q4 24
$16.6M
$-3.7M
Q3 24
$46.2M
$-5.9M
Q2 24
$63.1M
$9.4M
Q1 24
$46.5M
$5.9M
FCF Margin
AMPH
AMPH
ILPT
ILPT
Q4 25
13.4%
36.9%
Q3 25
24.6%
15.9%
Q2 25
14.3%
13.5%
Q1 25
14.3%
4.5%
Q4 24
8.9%
-3.4%
Q3 24
24.1%
-5.5%
Q2 24
34.6%
8.5%
Q1 24
27.1%
5.2%
Capex Intensity
AMPH
AMPH
ILPT
ILPT
Q4 25
4.5%
16.4%
Q3 25
2.8%
4.6%
Q2 25
6.1%
2.9%
Q1 25
6.3%
5.7%
Q4 24
6.7%
5.2%
Q3 24
7.2%
2.3%
Q2 24
3.3%
1.3%
Q1 24
5.1%
1.9%
Cash Conversion
AMPH
AMPH
ILPT
ILPT
Q4 25
1.35×
Q3 25
3.03×
Q2 25
1.15×
Q1 25
1.39×
Q4 24
0.76×
Q3 24
1.48×
Q2 24
1.82×
Q1 24
1.28×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMPH
AMPH

Other Products$62.4M34%
Baqsimi$46.7M26%
Primatenemist$27.9M15%
Epinephrine$17.1M9%
Lidocaine$14.9M8%
Glucagon$14.1M8%

ILPT
ILPT

Segment breakdown not available.

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