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Side-by-side financial comparison of Fluent, Inc. (FLNT) 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 $61.8M, roughly 1.8× Fluent, Inc.). Industrial Logistics Properties Trust runs the higher net margin — -1.6% vs -6.7%, a 5.1% gap on every dollar of revenue. On growth, Industrial Logistics Properties Trust posted the faster year-over-year revenue change (3.1% vs -5.5%). Over the past eight quarters, Industrial Logistics Properties Trust's revenue compounded faster (0.7% CAGR vs -3.2%).
THG Fluently, formerly Language Connect, is a translation and language localisation service provided by THG Ingenuity. It provides a range of language services, including translation, interpreting, localisation, voice-overs, transcription, and multilingual search engine optimization.
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.
FLNT vs ILPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.8M | $113.9M |
| Net Profit | $-4.1M | $-1.8M |
| Gross Margin | — | — |
| Operating Margin | 0.3% | -22.1% |
| Net Margin | -6.7% | -1.6% |
| Revenue YoY | -5.5% | 3.1% |
| Net Profit YoY | -20.1% | 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.
| Q4 25 | $61.8M | $113.9M | ||
| Q3 25 | $47.0M | $110.9M | ||
| Q2 25 | $44.7M | $112.1M | ||
| Q1 25 | $55.2M | $111.9M | ||
| Q4 24 | $65.4M | $110.5M | ||
| Q3 24 | $64.5M | $108.9M | ||
| Q2 24 | $58.7M | $110.6M | ||
| Q1 24 | $66.0M | $112.2M |
| Q4 25 | $-4.1M | $-1.8M | ||
| Q3 25 | $-7.6M | $-21.6M | ||
| Q2 25 | $-7.2M | $-21.3M | ||
| Q1 25 | $-8.3M | $-21.5M | ||
| Q4 24 | $-3.4M | $-24.1M | ||
| Q3 24 | $-7.9M | $-25.0M | ||
| Q2 24 | $-11.6M | $-23.2M | ||
| Q1 24 | $-6.3M | $-23.4M |
| Q4 25 | 0.3% | -22.1% | ||
| Q3 25 | -13.4% | -29.4% | ||
| Q2 25 | -15.9% | -30.8% | ||
| Q1 25 | -12.8% | -26.9% | ||
| Q4 24 | -8.3% | -31.1% | ||
| Q3 24 | -6.0% | -33.5% | ||
| Q2 24 | -17.7% | -32.4% | ||
| Q1 24 | -6.0% | -31.7% |
| Q4 25 | -6.7% | -1.6% | ||
| Q3 25 | -16.1% | -19.4% | ||
| Q2 25 | -16.2% | -19.0% | ||
| Q1 25 | -15.0% | -19.2% | ||
| Q4 24 | -5.2% | -21.8% | ||
| Q3 24 | -12.3% | -22.9% | ||
| Q2 24 | -19.8% | -20.9% | ||
| Q1 24 | -9.5% | -20.9% |
| Q4 25 | $-0.09 | $-0.02 | ||
| Q3 25 | $-0.27 | $-0.33 | ||
| Q2 25 | $-0.30 | $-0.32 | ||
| Q1 25 | $-0.39 | $-0.33 | ||
| Q4 24 | $-0.12 | $-0.37 | ||
| Q3 24 | $-0.48 | $-0.38 | ||
| Q2 24 | $-0.75 | $-0.35 | ||
| Q1 24 | $-0.45 | $-0.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $12.9M | $94.8M |
| Total DebtLower is stronger | $34.6M | $4.2B |
| Stockholders' EquityBook value | $18.2M | $489.7M |
| Total Assets | $89.1M | $5.2B |
| Debt / EquityLower = less leverage | 1.90× | 8.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.9M | $94.8M | ||
| Q3 25 | $9.2M | $83.2M | ||
| Q2 25 | $4.9M | $58.6M | ||
| Q1 25 | $4.8M | $108.0M | ||
| Q4 24 | $9.4M | $131.7M | ||
| Q3 24 | $6.6M | $153.9M | ||
| Q2 24 | $5.0M | $146.2M | ||
| Q1 24 | $11.7M | $128.4M |
| Q4 25 | $34.6M | $4.2B | ||
| Q3 25 | $26.0M | $4.2B | ||
| Q2 25 | $23.2M | $4.2B | ||
| Q1 25 | $25.6M | $4.3B | ||
| Q4 24 | $35.6M | $4.3B | ||
| Q3 24 | $37.9M | $4.3B | ||
| Q2 24 | $33.3M | $4.3B | ||
| Q1 24 | $31.0M | $4.3B |
| Q4 25 | $18.2M | $489.7M | ||
| Q3 25 | $21.6M | $494.1M | ||
| Q2 25 | $19.1M | $519.1M | ||
| Q1 25 | $22.0M | $539.5M | ||
| Q4 24 | $25.0M | $562.0M | ||
| Q3 24 | $20.0M | $585.9M | ||
| Q2 24 | $27.5M | $618.3M | ||
| Q1 24 | $28.7M | $643.2M |
| Q4 25 | $89.1M | $5.2B | ||
| Q3 25 | $76.1M | $5.2B | ||
| Q2 25 | $74.5M | $5.2B | ||
| Q1 25 | $77.5M | $5.4B | ||
| Q4 24 | $93.6M | $5.4B | ||
| Q3 24 | $77.5M | $5.5B | ||
| Q2 24 | $98.5M | $5.5B | ||
| Q1 24 | $103.6M | $5.5B |
| Q4 25 | 1.90× | 8.56× | ||
| Q3 25 | 1.21× | 8.49× | ||
| Q2 25 | 1.21× | 8.09× | ||
| Q1 25 | 1.16× | 7.96× | ||
| Q4 24 | 1.43× | 7.65× | ||
| Q3 24 | 1.90× | 7.35× | ||
| Q2 24 | 1.21× | 6.96× | ||
| Q1 24 | 1.08× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.8M | $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.
| Q4 25 | $2.8M | $60.7M | ||
| Q3 25 | $-7.3M | $22.7M | ||
| Q2 25 | $935.0K | $18.4M | ||
| Q1 25 | $2.1M | $11.4M | ||
| Q4 24 | $-2.1M | $2.0M | ||
| Q3 24 | $1.2M | $-3.4M | ||
| Q2 24 | $-13.1M | $10.8M | ||
| Q1 24 | $-132.0K | $8.0M |
| Q4 25 | — | $42.0M | ||
| Q3 25 | $-7.3M | $17.6M | ||
| Q2 25 | — | $15.2M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | — | $-3.7M | ||
| Q3 24 | $1.2M | $-5.9M | ||
| Q2 24 | — | $9.4M | ||
| Q1 24 | — | $5.9M |
| Q4 25 | — | 36.9% | ||
| Q3 25 | -15.6% | 15.9% | ||
| Q2 25 | — | 13.5% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | — | -3.4% | ||
| Q3 24 | 1.9% | -5.5% | ||
| Q2 24 | — | 8.5% | ||
| Q1 24 | — | 5.2% |
| Q4 25 | — | 16.4% | ||
| Q3 25 | 0.0% | 4.6% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | 5.2% | ||
| Q3 24 | 0.0% | 2.3% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.9% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLNT
| Commerce Media Solutions | $34.7M | 56% |
| Owned And Operated | $21.3M | 34% |
| Call Solutions | $3.8M | 6% |
| Ad Parlor | $2.0M | 3% |
ILPT
Segment breakdown not available.
