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

Commercial Vehicle Group, Inc. is the larger business by last-quarter revenue ($154.8M vs $113.9M, roughly 1.4× Industrial Logistics Properties Trust). On growth, Industrial Logistics Properties Trust posted the faster year-over-year revenue change (3.1% vs -5.2%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $8.7M). Over the past eight quarters, Industrial Logistics Properties Trust's revenue compounded faster (0.7% CAGR vs -10.8%).

WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...

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.

CVGI vs ILPT — Head-to-Head

Bigger by revenue
CVGI
CVGI
1.4× larger
CVGI
$154.8M
$113.9M
ILPT
Growing faster (revenue YoY)
ILPT
ILPT
+8.3% gap
ILPT
3.1%
-5.2%
CVGI
More free cash flow
ILPT
ILPT
$33.3M more FCF
ILPT
$42.0M
$8.7M
CVGI
Faster 2-yr revenue CAGR
ILPT
ILPT
Annualised
ILPT
0.7%
-10.8%
CVGI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CVGI
CVGI
ILPT
ILPT
Revenue
$154.8M
$113.9M
Net Profit
$-1.8M
Gross Margin
9.7%
Operating Margin
-1.2%
-22.1%
Net Margin
-1.6%
Revenue YoY
-5.2%
3.1%
Net Profit YoY
92.6%
EPS (diluted)
$-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
CVGI
CVGI
ILPT
ILPT
Q4 25
$154.8M
$113.9M
Q3 25
$152.5M
$110.9M
Q2 25
$172.0M
$112.1M
Q1 25
$169.8M
$111.9M
Q4 24
$163.3M
$110.5M
Q3 24
$171.8M
$108.9M
Q2 24
$193.7M
$110.6M
Q1 24
$194.6M
$112.2M
Net Profit
CVGI
CVGI
ILPT
ILPT
Q4 25
$-1.8M
Q3 25
$-7.1M
$-21.6M
Q2 25
$-4.8M
$-21.3M
Q1 25
$-4.3M
$-21.5M
Q4 24
$-24.1M
Q3 24
$9.5M
$-25.0M
Q2 24
$-1.6M
$-23.2M
Q1 24
$2.9M
$-23.4M
Gross Margin
CVGI
CVGI
ILPT
ILPT
Q4 25
9.7%
Q3 25
10.5%
Q2 25
11.4%
Q1 25
10.5%
Q4 24
8.0%
Q3 24
9.6%
Q2 24
10.6%
Q1 24
11.9%
Operating Margin
CVGI
CVGI
ILPT
ILPT
Q4 25
-1.2%
-22.1%
Q3 25
-0.7%
-29.4%
Q2 25
0.5%
-30.8%
Q1 25
0.8%
-26.9%
Q4 24
-3.2%
-31.1%
Q3 24
-0.6%
-33.5%
Q2 24
0.5%
-32.4%
Q1 24
2.3%
-31.7%
Net Margin
CVGI
CVGI
ILPT
ILPT
Q4 25
-1.6%
Q3 25
-4.6%
-19.4%
Q2 25
-2.8%
-19.0%
Q1 25
-2.5%
-19.2%
Q4 24
-21.8%
Q3 24
5.5%
-22.9%
Q2 24
-0.8%
-20.9%
Q1 24
1.5%
-20.9%
EPS (diluted)
CVGI
CVGI
ILPT
ILPT
Q4 25
$-0.02
Q3 25
$-0.33
Q2 25
$-0.32
Q1 25
$-0.33
Q4 24
$-0.37
Q3 24
$-0.38
Q2 24
$-0.05
$-0.35
Q1 24
$0.09
$-0.36

Balance Sheet & Financial Strength

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

Metric
CVGI
CVGI
ILPT
ILPT
Cash + ST InvestmentsLiquidity on hand
$94.8M
Total DebtLower is stronger
$104.9M
$4.2B
Stockholders' EquityBook value
$133.4M
$489.7M
Total Assets
$391.7M
$5.2B
Debt / EquityLower = less leverage
0.79×
8.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVGI
CVGI
ILPT
ILPT
Q4 25
$94.8M
Q3 25
$83.2M
Q2 25
$58.6M
Q1 25
$108.0M
Q4 24
$131.7M
Q3 24
$153.9M
Q2 24
$146.2M
Q1 24
$128.4M
Total Debt
CVGI
CVGI
ILPT
ILPT
Q4 25
$104.9M
$4.2B
Q3 25
$108.2M
$4.2B
Q2 25
$118.2M
$4.2B
Q1 25
$117.4M
$4.3B
Q4 24
$135.5M
$4.3B
Q3 24
$128.8M
$4.3B
Q2 24
$142.0M
$4.3B
Q1 24
$155.7M
$4.3B
Stockholders' Equity
CVGI
CVGI
ILPT
ILPT
Q4 25
$133.4M
$489.7M
Q3 25
$136.5M
$494.1M
Q2 25
$142.6M
$519.1M
Q1 25
$136.7M
$539.5M
Q4 24
$135.6M
$562.0M
Q3 24
$179.3M
$585.9M
Q2 24
$169.6M
$618.3M
Q1 24
$175.5M
$643.2M
Total Assets
CVGI
CVGI
ILPT
ILPT
Q4 25
$391.7M
$5.2B
Q3 25
$400.3M
$5.2B
Q2 25
$429.8M
$5.2B
Q1 25
$419.8M
$5.4B
Q4 24
$424.6M
$5.4B
Q3 24
$495.3M
$5.5B
Q2 24
$503.2M
$5.5B
Q1 24
$509.2M
$5.5B
Debt / Equity
CVGI
CVGI
ILPT
ILPT
Q4 25
0.79×
8.56×
Q3 25
0.79×
8.49×
Q2 25
0.83×
8.09×
Q1 25
0.86×
7.96×
Q4 24
1.00×
7.65×
Q3 24
0.72×
7.35×
Q2 24
0.84×
6.96×
Q1 24
0.89×
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
CVGI
CVGI
ILPT
ILPT
Operating Cash FlowLast quarter
$12.3M
$60.7M
Free Cash FlowOCF − Capex
$8.7M
$42.0M
FCF MarginFCF / Revenue
5.6%
36.9%
Capex IntensityCapex / Revenue
2.3%
16.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$34.0M
$79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVGI
CVGI
ILPT
ILPT
Q4 25
$12.3M
$60.7M
Q3 25
$-1.7M
$22.7M
Q2 25
$18.9M
$18.4M
Q1 25
$15.2M
$11.4M
Q4 24
$-26.6M
$2.0M
Q3 24
$-17.1M
$-3.4M
Q2 24
$12.6M
$10.8M
Q1 24
$-2.4M
$8.0M
Free Cash Flow
CVGI
CVGI
ILPT
ILPT
Q4 25
$8.7M
$42.0M
Q3 25
$-3.5M
$17.6M
Q2 25
$17.4M
$15.2M
Q1 25
$11.4M
$5.0M
Q4 24
$-30.6M
$-3.7M
Q3 24
$-20.3M
$-5.9M
Q2 24
$6.4M
$9.4M
Q1 24
$-7.4M
$5.9M
FCF Margin
CVGI
CVGI
ILPT
ILPT
Q4 25
5.6%
36.9%
Q3 25
-2.3%
15.9%
Q2 25
10.1%
13.5%
Q1 25
6.7%
4.5%
Q4 24
-18.7%
-3.4%
Q3 24
-11.8%
-5.5%
Q2 24
3.3%
8.5%
Q1 24
-3.8%
5.2%
Capex Intensity
CVGI
CVGI
ILPT
ILPT
Q4 25
2.3%
16.4%
Q3 25
1.2%
4.6%
Q2 25
0.9%
2.9%
Q1 25
2.2%
5.7%
Q4 24
2.4%
5.2%
Q3 24
1.9%
2.3%
Q2 24
3.2%
1.3%
Q1 24
2.6%
1.9%
Cash Conversion
CVGI
CVGI
ILPT
ILPT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-1.79×
Q2 24
Q1 24
-0.80×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVGI
CVGI

Global Seating$70.7M46%
Global Electrical Systems$49.7M32%
Trim Systems And Components$34.4M22%

ILPT
ILPT

Segment breakdown not available.

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