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

Climb Global Solutions, Inc. is the larger business by last-quarter revenue ($182.4M vs $113.9M, roughly 1.6× Industrial Logistics Properties Trust). Climb Global Solutions, Inc. runs the higher net margin — 1.8% vs -1.6%, a 3.4% gap on every dollar of revenue. On growth, Climb Global Solutions, Inc. posted the faster year-over-year revenue change (32.1% vs 3.1%). Over the past eight quarters, Climb Global Solutions, Inc.'s revenue compounded faster (40.7% CAGR vs 0.7%).

Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.

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.

CLMB vs ILPT — Head-to-Head

Bigger by revenue
CLMB
CLMB
1.6× larger
CLMB
$182.4M
$113.9M
ILPT
Growing faster (revenue YoY)
CLMB
CLMB
+29.0% gap
CLMB
32.1%
3.1%
ILPT
Higher net margin
CLMB
CLMB
3.4% more per $
CLMB
1.8%
-1.6%
ILPT
Faster 2-yr revenue CAGR
CLMB
CLMB
Annualised
CLMB
40.7%
0.7%
ILPT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLMB
CLMB
ILPT
ILPT
Revenue
$182.4M
$113.9M
Net Profit
$3.3M
$-1.8M
Gross Margin
14.5%
Operating Margin
2.1%
-22.1%
Net Margin
1.8%
-1.6%
Revenue YoY
32.1%
3.1%
Net Profit YoY
-9.5%
92.6%
EPS (diluted)
$0.18
$-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
CLMB
CLMB
ILPT
ILPT
Q1 26
$182.4M
Q4 25
$193.8M
$113.9M
Q3 25
$161.3M
$110.9M
Q2 25
$159.3M
$112.1M
Q1 25
$138.0M
$111.9M
Q4 24
$161.8M
$110.5M
Q3 24
$119.3M
$108.9M
Q2 24
$92.1M
$110.6M
Net Profit
CLMB
CLMB
ILPT
ILPT
Q1 26
$3.3M
Q4 25
$7.0M
$-1.8M
Q3 25
$4.7M
$-21.6M
Q2 25
$6.0M
$-21.3M
Q1 25
$3.7M
$-21.5M
Q4 24
$7.0M
$-24.1M
Q3 24
$5.5M
$-25.0M
Q2 24
$3.4M
$-23.2M
Gross Margin
CLMB
CLMB
ILPT
ILPT
Q1 26
14.5%
Q4 25
15.4%
Q3 25
15.9%
Q2 25
16.5%
Q1 25
16.9%
Q4 24
19.3%
Q3 24
20.3%
Q2 24
20.2%
Operating Margin
CLMB
CLMB
ILPT
ILPT
Q1 26
2.1%
Q4 25
4.9%
-22.1%
Q3 25
4.3%
-29.4%
Q2 25
5.0%
-30.8%
Q1 25
3.5%
-26.9%
Q4 24
7.2%
-31.1%
Q3 24
7.1%
-33.5%
Q2 24
4.6%
-32.4%
Net Margin
CLMB
CLMB
ILPT
ILPT
Q1 26
1.8%
Q4 25
3.6%
-1.6%
Q3 25
2.9%
-19.4%
Q2 25
3.7%
-19.0%
Q1 25
2.7%
-19.2%
Q4 24
4.3%
-21.8%
Q3 24
4.6%
-22.9%
Q2 24
3.7%
-20.9%
EPS (diluted)
CLMB
CLMB
ILPT
ILPT
Q1 26
$0.18
Q4 25
$1.51
$-0.02
Q3 25
$1.02
$-0.33
Q2 25
$1.30
$-0.32
Q1 25
$0.81
$-0.33
Q4 24
$1.52
$-0.37
Q3 24
$1.19
$-0.38
Q2 24
$0.75
$-0.35

Balance Sheet & Financial Strength

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

Metric
CLMB
CLMB
ILPT
ILPT
Cash + ST InvestmentsLiquidity on hand
$41.8M
$94.8M
Total DebtLower is stronger
$4.2B
Stockholders' EquityBook value
$118.4M
$489.7M
Total Assets
$458.8M
$5.2B
Debt / EquityLower = less leverage
8.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLMB
CLMB
ILPT
ILPT
Q1 26
$41.8M
Q4 25
$36.6M
$94.8M
Q3 25
$49.8M
$83.2M
Q2 25
$28.6M
$58.6M
Q1 25
$32.5M
$108.0M
Q4 24
$29.8M
$131.7M
Q3 24
$22.1M
$153.9M
Q2 24
$48.4M
$146.2M
Total Debt
CLMB
CLMB
ILPT
ILPT
Q1 26
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
Stockholders' Equity
CLMB
CLMB
ILPT
ILPT
Q1 26
$118.4M
Q4 25
$116.6M
$489.7M
Q3 25
$109.3M
$494.1M
Q2 25
$105.2M
$519.1M
Q1 25
$95.6M
$539.5M
Q4 24
$90.6M
$562.0M
Q3 24
$87.7M
$585.9M
Q2 24
$79.8M
$618.3M
Total Assets
CLMB
CLMB
ILPT
ILPT
Q1 26
$458.8M
Q4 25
$460.2M
$5.2B
Q3 25
$376.1M
$5.2B
Q2 25
$420.7M
$5.2B
Q1 25
$370.1M
$5.4B
Q4 24
$469.2M
$5.4B
Q3 24
$371.9M
$5.5B
Q2 24
$302.8M
$5.5B
Debt / Equity
CLMB
CLMB
ILPT
ILPT
Q1 26
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×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CLMB
CLMB
ILPT
ILPT
Operating Cash FlowLast quarter
$60.7M
Free Cash FlowOCF − Capex
$42.0M
FCF MarginFCF / Revenue
36.9%
Capex IntensityCapex / Revenue
16.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLMB
CLMB
ILPT
ILPT
Q1 26
Q4 25
$-11.9M
$60.7M
Q3 25
$22.2M
$22.7M
Q2 25
$-2.2M
$18.4M
Q1 25
$8.5M
$11.4M
Q4 24
$16.0M
$2.0M
Q3 24
$-3.6M
$-3.4M
Q2 24
$7.3M
$10.8M
Free Cash Flow
CLMB
CLMB
ILPT
ILPT
Q1 26
Q4 25
$42.0M
Q3 25
$17.6M
Q2 25
$15.2M
Q1 25
$5.0M
Q4 24
$-3.7M
Q3 24
$-5.9M
Q2 24
$9.4M
FCF Margin
CLMB
CLMB
ILPT
ILPT
Q1 26
Q4 25
36.9%
Q3 25
15.9%
Q2 25
13.5%
Q1 25
4.5%
Q4 24
-3.4%
Q3 24
-5.5%
Q2 24
8.5%
Capex Intensity
CLMB
CLMB
ILPT
ILPT
Q1 26
Q4 25
16.4%
Q3 25
4.6%
Q2 25
2.9%
Q1 25
5.7%
Q4 24
5.2%
Q3 24
2.3%
Q2 24
1.3%
Cash Conversion
CLMB
CLMB
ILPT
ILPT
Q1 26
Q4 25
-1.70×
Q3 25
4.73×
Q2 25
-0.37×
Q1 25
2.30×
Q4 24
2.29×
Q3 24
-0.66×
Q2 24
2.13×

Financial Flow Comparison

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

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