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Side-by-side financial comparison of Concrete Pumping Holdings, Inc. (BBCP) 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 $98.9M, roughly 1.2× Concrete Pumping Holdings, Inc.). Concrete Pumping Holdings, Inc. runs the higher net margin — 5.4% vs -1.6%, a 6.9% gap on every dollar of revenue. On growth, Industrial Logistics Properties Trust posted the faster year-over-year revenue change (3.1% vs -3.2%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $1.9M). Over the past eight quarters, Concrete Pumping Holdings, Inc.'s revenue compounded faster (4.8% CAGR vs 0.7%).

Concrete Pumping Holdings, Inc. is a leading provider of concrete pumping services and equipment rental solutions across the U.S. and U.K. It serves core construction segments including infrastructure, commercial real estate development, and residential building, supporting efficient, safe concrete placement for projects of all sizes.

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.

BBCP vs ILPT — Head-to-Head

Bigger by revenue
ILPT
ILPT
1.2× larger
ILPT
$113.9M
$98.9M
BBCP
Growing faster (revenue YoY)
ILPT
ILPT
+6.2% gap
ILPT
3.1%
-3.2%
BBCP
Higher net margin
BBCP
BBCP
6.9% more per $
BBCP
5.4%
-1.6%
ILPT
More free cash flow
ILPT
ILPT
$40.1M more FCF
ILPT
$42.0M
$1.9M
BBCP
Faster 2-yr revenue CAGR
BBCP
BBCP
Annualised
BBCP
4.8%
0.7%
ILPT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BBCP
BBCP
ILPT
ILPT
Revenue
$98.9M
$113.9M
Net Profit
$5.3M
$-1.8M
Gross Margin
43.8%
Operating Margin
17.0%
-22.1%
Net Margin
5.4%
-1.6%
Revenue YoY
-3.2%
3.1%
Net Profit YoY
-43.6%
92.6%
EPS (diluted)
$0.09
$-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
BBCP
BBCP
ILPT
ILPT
Q4 25
$98.9M
$113.9M
Q3 25
$94.2M
$110.9M
Q2 25
$85.2M
$112.1M
Q1 25
$78.0M
$111.9M
Q4 24
$102.1M
$110.5M
Q3 24
$100.6M
$108.9M
Q2 24
$98.7M
$110.6M
Q1 24
$90.0M
$112.2M
Net Profit
BBCP
BBCP
ILPT
ILPT
Q4 25
$5.3M
$-1.8M
Q3 25
$3.7M
$-21.6M
Q2 25
$-4.0K
$-21.3M
Q1 25
$-2.6M
$-21.5M
Q4 24
$9.4M
$-24.1M
Q3 24
$7.6M
$-25.0M
Q2 24
$3.0M
$-23.2M
Q1 24
$-3.8M
$-23.4M
Gross Margin
BBCP
BBCP
ILPT
ILPT
Q4 25
43.8%
Q3 25
42.9%
Q2 25
42.5%
Q1 25
40.0%
Q4 24
45.3%
Q3 24
44.3%
Q2 24
42.3%
Q1 24
37.0%
Operating Margin
BBCP
BBCP
ILPT
ILPT
Q4 25
17.0%
-22.1%
Q3 25
13.7%
-29.4%
Q2 25
9.7%
-30.8%
Q1 25
4.5%
-26.9%
Q4 24
18.8%
-31.1%
Q3 24
16.5%
-33.5%
Q2 24
12.2%
-32.4%
Q1 24
1.6%
-31.7%
Net Margin
BBCP
BBCP
ILPT
ILPT
Q4 25
5.4%
-1.6%
Q3 25
3.9%
-19.4%
Q2 25
-0.0%
-19.0%
Q1 25
-3.4%
-19.2%
Q4 24
9.2%
-21.8%
Q3 24
7.5%
-22.9%
Q2 24
3.1%
-20.9%
Q1 24
-4.3%
-20.9%
EPS (diluted)
BBCP
BBCP
ILPT
ILPT
Q4 25
$0.09
$-0.02
Q3 25
$0.07
$-0.33
Q2 25
$-0.01
$-0.32
Q1 25
$-0.06
$-0.33
Q4 24
$0.16
$-0.37
Q3 24
$0.13
$-0.38
Q2 24
$0.05
$-0.35
Q1 24
$-0.08
$-0.36

Balance Sheet & Financial Strength

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

Metric
BBCP
BBCP
ILPT
ILPT
Cash + ST InvestmentsLiquidity on hand
$44.4M
$94.8M
Total DebtLower is stronger
$417.9M
$4.2B
Stockholders' EquityBook value
$264.8M
$489.7M
Total Assets
$879.5M
$5.2B
Debt / EquityLower = less leverage
1.58×
8.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BBCP
BBCP
ILPT
ILPT
Q4 25
$44.4M
$94.8M
Q3 25
$41.0M
$83.2M
Q2 25
$37.8M
$58.6M
Q1 25
$85.1M
$108.0M
Q4 24
$43.0M
$131.7M
Q3 24
$26.3M
$153.9M
Q2 24
$18.0M
$146.2M
Q1 24
$14.7M
$128.4M
Total Debt
BBCP
BBCP
ILPT
ILPT
Q4 25
$417.9M
$4.2B
Q3 25
$417.6M
$4.2B
Q2 25
$417.3M
$4.2B
Q1 25
$417.1M
$4.3B
Q4 24
$373.3M
$4.3B
Q3 24
$372.9M
$4.3B
Q2 24
$372.6M
$4.3B
Q1 24
$372.2M
$4.3B
Stockholders' Equity
BBCP
BBCP
ILPT
ILPT
Q4 25
$264.8M
$489.7M
Q3 25
$261.3M
$494.1M
Q2 25
$261.8M
$519.1M
Q1 25
$260.7M
$539.5M
Q4 24
$321.7M
$562.0M
Q3 24
$314.7M
$585.9M
Q2 24
$308.3M
$618.3M
Q1 24
$307.9M
$643.2M
Total Assets
BBCP
BBCP
ILPT
ILPT
Q4 25
$879.5M
$5.2B
Q3 25
$886.0M
$5.2B
Q2 25
$878.8M
$5.2B
Q1 25
$912.9M
$5.4B
Q4 24
$898.0M
$5.4B
Q3 24
$890.8M
$5.5B
Q2 24
$894.7M
$5.5B
Q1 24
$894.8M
$5.5B
Debt / Equity
BBCP
BBCP
ILPT
ILPT
Q4 25
1.58×
8.56×
Q3 25
1.60×
8.49×
Q2 25
1.59×
8.09×
Q1 25
1.60×
7.96×
Q4 24
1.16×
7.65×
Q3 24
1.19×
7.35×
Q2 24
1.21×
6.96×
Q1 24
1.21×
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
BBCP
BBCP
ILPT
ILPT
Operating Cash FlowLast quarter
$14.5M
$60.7M
Free Cash FlowOCF − Capex
$1.9M
$42.0M
FCF MarginFCF / Revenue
1.9%
36.9%
Capex IntensityCapex / Revenue
12.7%
16.4%
Cash ConversionOCF / Net Profit
2.72×
TTM Free Cash FlowTrailing 4 quarters
$17.5M
$79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BBCP
BBCP
ILPT
ILPT
Q4 25
$14.5M
$60.7M
Q3 25
$19.1M
$22.7M
Q2 25
$24.7M
$18.4M
Q1 25
$6.0M
$11.4M
Q4 24
$22.4M
$2.0M
Q3 24
$35.0M
$-3.4M
Q2 24
$9.1M
$10.8M
Q1 24
$20.3M
$8.0M
Free Cash Flow
BBCP
BBCP
ILPT
ILPT
Q4 25
$1.9M
$42.0M
Q3 25
$4.3M
$17.6M
Q2 25
$11.1M
$15.2M
Q1 25
$191.0K
$5.0M
Q4 24
$16.1M
$-3.7M
Q3 24
$26.4M
$-5.9M
Q2 24
$-1.9M
$9.4M
Q1 24
$2.5M
$5.9M
FCF Margin
BBCP
BBCP
ILPT
ILPT
Q4 25
1.9%
36.9%
Q3 25
4.6%
15.9%
Q2 25
13.0%
13.5%
Q1 25
0.2%
4.5%
Q4 24
15.8%
-3.4%
Q3 24
26.2%
-5.5%
Q2 24
-1.9%
8.5%
Q1 24
2.8%
5.2%
Capex Intensity
BBCP
BBCP
ILPT
ILPT
Q4 25
12.7%
16.4%
Q3 25
15.7%
4.6%
Q2 25
16.0%
2.9%
Q1 25
7.5%
5.7%
Q4 24
6.2%
5.2%
Q3 24
8.6%
2.3%
Q2 24
11.2%
1.3%
Q1 24
19.7%
1.9%
Cash Conversion
BBCP
BBCP
ILPT
ILPT
Q4 25
2.72×
Q3 25
5.16×
Q2 25
Q1 25
Q4 24
2.38×
Q3 24
4.63×
Q2 24
3.00×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BBCP
BBCP

US Concrete Pumping$72.2M73%
US Concrete Waste Management Services$21.3M22%
Other$5.4M5%

ILPT
ILPT

Segment breakdown not available.

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