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

Industrial Logistics Properties Trust is the larger business by last-quarter revenue ($113.9M vs $57.2M, roughly 2.0× American Outdoor Brands, Inc.). American Outdoor Brands, Inc. runs the higher net margin — 3.6% vs -1.6%, a 5.2% gap on every dollar of revenue. On growth, Industrial Logistics Properties Trust posted the faster year-over-year revenue change (3.1% vs -5.0%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $-14.1M). Over the past eight quarters, American Outdoor Brands, Inc.'s revenue compounded faster (3.5% CAGR vs 0.7%).

Deckers Outdoor Corporation, doing business as Deckers Brands, is an American footwear designer and distributor founded in 1973 and based in Goleta, California. The company's portfolio of brands includes UGG, Teva, and Hoka. It was founded by Doug Otto and Karl F. Lopker.

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.

AOUT vs ILPT — Head-to-Head

Bigger by revenue
ILPT
ILPT
2.0× larger
ILPT
$113.9M
$57.2M
AOUT
Growing faster (revenue YoY)
ILPT
ILPT
+8.1% gap
ILPT
3.1%
-5.0%
AOUT
Higher net margin
AOUT
AOUT
5.2% more per $
AOUT
3.6%
-1.6%
ILPT
More free cash flow
ILPT
ILPT
$56.1M more FCF
ILPT
$42.0M
$-14.1M
AOUT
Faster 2-yr revenue CAGR
AOUT
AOUT
Annualised
AOUT
3.5%
0.7%
ILPT

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
AOUT
AOUT
ILPT
ILPT
Revenue
$57.2M
$113.9M
Net Profit
$2.1M
$-1.8M
Gross Margin
45.6%
Operating Margin
3.7%
-22.1%
Net Margin
3.6%
-1.6%
Revenue YoY
-5.0%
3.1%
Net Profit YoY
-33.3%
92.6%
EPS (diluted)
$0.16
$-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
AOUT
AOUT
ILPT
ILPT
Q4 25
$57.2M
$113.9M
Q3 25
$29.7M
$110.9M
Q2 25
$61.9M
$112.1M
Q1 25
$58.5M
$111.9M
Q4 24
$60.2M
$110.5M
Q3 24
$41.6M
$108.9M
Q2 24
$46.3M
$110.6M
Q1 24
$53.4M
$112.2M
Net Profit
AOUT
AOUT
ILPT
ILPT
Q4 25
$2.1M
$-1.8M
Q3 25
$-6.8M
$-21.6M
Q2 25
$-992.0K
$-21.3M
Q1 25
$169.0K
$-21.5M
Q4 24
$3.1M
$-24.1M
Q3 24
$-2.4M
$-25.0M
Q2 24
$-5.3M
$-23.2M
Q1 24
$-2.9M
$-23.4M
Gross Margin
AOUT
AOUT
ILPT
ILPT
Q4 25
45.6%
Q3 25
46.7%
Q2 25
40.9%
Q1 25
44.7%
Q4 24
48.0%
Q3 24
45.4%
Q2 24
41.9%
Q1 24
42.7%
Operating Margin
AOUT
AOUT
ILPT
ILPT
Q4 25
3.7%
-22.1%
Q3 25
-23.0%
-29.4%
Q2 25
-1.5%
-30.8%
Q1 25
0.5%
-26.9%
Q4 24
5.1%
-31.1%
Q3 24
-6.2%
-33.5%
Q2 24
-11.9%
-32.4%
Q1 24
-5.4%
-31.7%
Net Margin
AOUT
AOUT
ILPT
ILPT
Q4 25
3.6%
-1.6%
Q3 25
-23.0%
-19.4%
Q2 25
-1.6%
-19.0%
Q1 25
0.3%
-19.2%
Q4 24
5.2%
-21.8%
Q3 24
-5.7%
-22.9%
Q2 24
-11.5%
-20.9%
Q1 24
-5.4%
-20.9%
EPS (diluted)
AOUT
AOUT
ILPT
ILPT
Q4 25
$0.16
$-0.02
Q3 25
$-0.54
$-0.33
Q2 25
$-0.08
$-0.32
Q1 25
$0.01
$-0.33
Q4 24
$0.24
$-0.37
Q3 24
$-0.18
$-0.38
Q2 24
$-0.41
$-0.35
Q1 24
$-0.23
$-0.36

Balance Sheet & Financial Strength

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

Metric
AOUT
AOUT
ILPT
ILPT
Cash + ST InvestmentsLiquidity on hand
$3.1M
$94.8M
Total DebtLower is stronger
$4.2B
Stockholders' EquityBook value
$170.4M
$489.7M
Total Assets
$240.9M
$5.2B
Debt / EquityLower = less leverage
8.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AOUT
AOUT
ILPT
ILPT
Q4 25
$3.1M
$94.8M
Q3 25
$17.8M
$83.2M
Q2 25
$23.4M
$58.6M
Q1 25
$17.1M
$108.0M
Q4 24
$14.2M
$131.7M
Q3 24
$23.5M
$153.9M
Q2 24
$29.7M
$146.2M
Q1 24
$15.9M
$128.4M
Total Debt
AOUT
AOUT
ILPT
ILPT
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
Stockholders' Equity
AOUT
AOUT
ILPT
ILPT
Q4 25
$170.4M
$489.7M
Q3 25
$167.8M
$494.1M
Q2 25
$177.6M
$519.1M
Q1 25
$178.7M
$539.5M
Q4 24
$178.9M
$562.0M
Q3 24
$175.7M
$585.9M
Q2 24
$177.9M
$618.3M
Q1 24
$182.4M
$643.2M
Total Assets
AOUT
AOUT
ILPT
ILPT
Q4 25
$240.9M
$5.2B
Q3 25
$241.9M
$5.2B
Q2 25
$246.4M
$5.2B
Q1 25
$245.9M
$5.4B
Q4 24
$254.1M
$5.4B
Q3 24
$244.8M
$5.5B
Q2 24
$240.6M
$5.5B
Q1 24
$239.1M
$5.5B
Debt / Equity
AOUT
AOUT
ILPT
ILPT
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
AOUT
AOUT
ILPT
ILPT
Operating Cash FlowLast quarter
$-13.3M
$60.7M
Free Cash FlowOCF − Capex
$-14.1M
$42.0M
FCF MarginFCF / Revenue
-24.6%
36.9%
Capex IntensityCapex / Revenue
1.3%
16.4%
Cash ConversionOCF / Net Profit
-6.41×
TTM Free Cash FlowTrailing 4 quarters
$-4.7M
$79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AOUT
AOUT
ILPT
ILPT
Q4 25
$-13.3M
$60.7M
Q3 25
$-1.7M
$22.7M
Q2 25
$7.8M
$18.4M
Q1 25
$5.9M
$11.4M
Q4 24
$-7.9M
$2.0M
Q3 24
$-4.4M
$-3.4M
Q2 24
$14.7M
$10.8M
Q1 24
$13.0M
$8.0M
Free Cash Flow
AOUT
AOUT
ILPT
ILPT
Q4 25
$-14.1M
$42.0M
Q3 25
$-2.0M
$17.6M
Q2 25
$7.2M
$15.2M
Q1 25
$4.2M
$5.0M
Q4 24
$-8.0M
$-3.7M
Q3 24
$-5.2M
$-5.9M
Q2 24
$14.2M
$9.4M
Q1 24
$9.7M
$5.9M
FCF Margin
AOUT
AOUT
ILPT
ILPT
Q4 25
-24.6%
36.9%
Q3 25
-6.7%
15.9%
Q2 25
11.6%
13.5%
Q1 25
7.2%
4.5%
Q4 24
-13.3%
-3.4%
Q3 24
-12.5%
-5.5%
Q2 24
30.6%
8.5%
Q1 24
18.2%
5.2%
Capex Intensity
AOUT
AOUT
ILPT
ILPT
Q4 25
1.3%
16.4%
Q3 25
1.0%
4.6%
Q2 25
0.9%
2.9%
Q1 25
2.9%
5.7%
Q4 24
0.1%
5.2%
Q3 24
2.0%
2.3%
Q2 24
1.1%
1.3%
Q1 24
6.2%
1.9%
Cash Conversion
AOUT
AOUT
ILPT
ILPT
Q4 25
-6.41×
Q3 25
Q2 25
Q1 25
34.86×
Q4 24
-2.55×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AOUT
AOUT

Traditional Channels Net Sales$36.8M64%
E Commerce Channels Net Sales$20.4M36%

ILPT
ILPT

Segment breakdown not available.

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