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

Axsome Therapeutics, Inc. is the larger business by last-quarter revenue ($196.0M vs $113.9M, roughly 1.7× Industrial Logistics Properties Trust). Industrial Logistics Properties Trust runs the higher net margin — -1.6% vs -14.6%, a 13.0% gap on every dollar of revenue. On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (65.0% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $-18.7M). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (61.7% CAGR vs 0.7%).

Jazz Pharmaceuticals plc is a global biopharmaceutical company with a focus on oncology and neuroscience. It was founded in 2003 in California, United States and is now headquartered in Dublin, Ireland.

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.

AXSM vs ILPT — Head-to-Head

Bigger by revenue
AXSM
AXSM
1.7× larger
AXSM
$196.0M
$113.9M
ILPT
Growing faster (revenue YoY)
AXSM
AXSM
+62.0% gap
AXSM
65.0%
3.1%
ILPT
Higher net margin
ILPT
ILPT
13.0% more per $
ILPT
-1.6%
-14.6%
AXSM
More free cash flow
ILPT
ILPT
$60.8M more FCF
ILPT
$42.0M
$-18.7M
AXSM
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
61.7%
0.7%
ILPT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXSM
AXSM
ILPT
ILPT
Revenue
$196.0M
$113.9M
Net Profit
$-28.6M
$-1.8M
Gross Margin
Operating Margin
-13.8%
-22.1%
Net Margin
-14.6%
-1.6%
Revenue YoY
65.0%
3.1%
Net Profit YoY
61.9%
92.6%
EPS (diluted)
$-0.55
$-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
AXSM
AXSM
ILPT
ILPT
Q4 25
$196.0M
$113.9M
Q3 25
$171.0M
$110.9M
Q2 25
$150.0M
$112.1M
Q1 25
$121.5M
$111.9M
Q4 24
$118.8M
$110.5M
Q3 24
$104.8M
$108.9M
Q2 24
$87.2M
$110.6M
Q1 24
$75.0M
$112.2M
Net Profit
AXSM
AXSM
ILPT
ILPT
Q4 25
$-28.6M
$-1.8M
Q3 25
$-47.2M
$-21.6M
Q2 25
$-48.0M
$-21.3M
Q1 25
$-59.4M
$-21.5M
Q4 24
$-74.9M
$-24.1M
Q3 24
$-64.6M
$-25.0M
Q2 24
$-79.3M
$-23.2M
Q1 24
$-68.4M
$-23.4M
Operating Margin
AXSM
AXSM
ILPT
ILPT
Q4 25
-13.8%
-22.1%
Q3 25
-27.0%
-29.4%
Q2 25
-24.5%
-30.8%
Q1 25
-46.9%
-26.9%
Q4 24
-61.1%
-31.1%
Q3 24
-59.8%
-33.5%
Q2 24
-89.5%
-32.4%
Q1 24
-89.7%
-31.7%
Net Margin
AXSM
AXSM
ILPT
ILPT
Q4 25
-14.6%
-1.6%
Q3 25
-27.6%
-19.4%
Q2 25
-32.0%
-19.0%
Q1 25
-48.9%
-19.2%
Q4 24
-63.1%
-21.8%
Q3 24
-61.7%
-22.9%
Q2 24
-91.0%
-20.9%
Q1 24
-91.1%
-20.9%
EPS (diluted)
AXSM
AXSM
ILPT
ILPT
Q4 25
$-0.55
$-0.02
Q3 25
$-0.94
$-0.33
Q2 25
$-0.97
$-0.32
Q1 25
$-1.22
$-0.33
Q4 24
$-1.54
$-0.37
Q3 24
$-1.34
$-0.38
Q2 24
$-1.67
$-0.35
Q1 24
$-1.44
$-0.36

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
ILPT
ILPT
Cash + ST InvestmentsLiquidity on hand
$322.9M
$94.8M
Total DebtLower is stronger
$4.2B
Stockholders' EquityBook value
$88.3M
$489.7M
Total Assets
$689.8M
$5.2B
Debt / EquityLower = less leverage
8.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
ILPT
ILPT
Q4 25
$322.9M
$94.8M
Q3 25
$325.3M
$83.2M
Q2 25
$303.0M
$58.6M
Q1 25
$300.9M
$108.0M
Q4 24
$315.4M
$131.7M
Q3 24
$327.3M
$153.9M
Q2 24
$315.7M
$146.2M
Q1 24
$331.4M
$128.4M
Total Debt
AXSM
AXSM
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
AXSM
AXSM
ILPT
ILPT
Q4 25
$88.3M
$489.7M
Q3 25
$73.7M
$494.1M
Q2 25
$73.1M
$519.1M
Q1 25
$53.2M
$539.5M
Q4 24
$57.0M
$562.0M
Q3 24
$92.9M
$585.9M
Q2 24
$102.9M
$618.3M
Q1 24
$144.0M
$643.2M
Total Assets
AXSM
AXSM
ILPT
ILPT
Q4 25
$689.8M
$5.2B
Q3 25
$669.3M
$5.2B
Q2 25
$639.8M
$5.2B
Q1 25
$596.7M
$5.4B
Q4 24
$568.5M
$5.4B
Q3 24
$561.5M
$5.5B
Q2 24
$548.2M
$5.5B
Q1 24
$545.7M
$5.5B
Debt / Equity
AXSM
AXSM
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
AXSM
AXSM
ILPT
ILPT
Operating Cash FlowLast quarter
$-18.7M
$60.7M
Free Cash FlowOCF − Capex
$-18.7M
$42.0M
FCF MarginFCF / Revenue
-9.6%
36.9%
Capex IntensityCapex / Revenue
0.0%
16.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-93.9M
$79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
ILPT
ILPT
Q4 25
$-18.7M
$60.7M
Q3 25
$1.0M
$22.7M
Q2 25
$-32.4M
$18.4M
Q1 25
$-43.4M
$11.4M
Q4 24
$-26.2M
$2.0M
Q3 24
$-18.6M
$-3.4M
Q2 24
$-30.1M
$10.8M
Q1 24
$-53.5M
$8.0M
Free Cash Flow
AXSM
AXSM
ILPT
ILPT
Q4 25
$-18.7M
$42.0M
Q3 25
$988.0K
$17.6M
Q2 25
$-32.4M
$15.2M
Q1 25
$-43.7M
$5.0M
Q4 24
$-26.2M
$-3.7M
Q3 24
$-18.7M
$-5.9M
Q2 24
$-30.2M
$9.4M
Q1 24
$-53.6M
$5.9M
FCF Margin
AXSM
AXSM
ILPT
ILPT
Q4 25
-9.6%
36.9%
Q3 25
0.6%
15.9%
Q2 25
-21.6%
13.5%
Q1 25
-36.0%
4.5%
Q4 24
-22.1%
-3.4%
Q3 24
-17.9%
-5.5%
Q2 24
-34.6%
8.5%
Q1 24
-71.4%
5.2%
Capex Intensity
AXSM
AXSM
ILPT
ILPT
Q4 25
0.0%
16.4%
Q3 25
0.0%
4.6%
Q2 25
0.0%
2.9%
Q1 25
0.3%
5.7%
Q4 24
0.0%
5.2%
Q3 24
0.1%
2.3%
Q2 24
0.1%
1.3%
Q1 24
0.1%
1.9%

Financial Flow Comparison

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

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