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Side-by-side financial comparison of JFrog Ltd (FROG) and Industrial Logistics Properties Trust (ILPT). Click either name above to swap in a different company.
JFrog Ltd is the larger business by last-quarter revenue ($145.3M vs $113.9M, roughly 1.3× Industrial Logistics Properties Trust). Industrial Logistics Properties Trust runs the higher net margin — -1.6% vs -10.5%, a 8.9% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 3.1%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $42.0M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs 0.7%).
JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.
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.
FROG vs ILPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $113.9M |
| Net Profit | $-15.2M | $-1.8M |
| Gross Margin | 77.9% | — |
| Operating Margin | -14.7% | -22.1% |
| Net Margin | -10.5% | -1.6% |
| Revenue YoY | 25.2% | 3.1% |
| Net Profit YoY | 34.4% | 92.6% |
| EPS (diluted) | $-0.13 | $-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 | $145.3M | $113.9M | ||
| Q3 25 | $136.9M | $110.9M | ||
| Q2 25 | $127.2M | $112.1M | ||
| Q1 25 | $122.4M | $111.9M | ||
| Q4 24 | $116.1M | $110.5M | ||
| Q3 24 | $109.1M | $108.9M | ||
| Q2 24 | $103.0M | $110.6M | ||
| Q1 24 | $100.3M | $112.2M |
| Q4 25 | $-15.2M | $-1.8M | ||
| Q3 25 | $-16.4M | $-21.6M | ||
| Q2 25 | $-21.7M | $-21.3M | ||
| Q1 25 | $-18.5M | $-21.5M | ||
| Q4 24 | $-23.2M | $-24.1M | ||
| Q3 24 | $-22.9M | $-25.0M | ||
| Q2 24 | $-14.3M | $-23.2M | ||
| Q1 24 | $-8.8M | $-23.4M |
| Q4 25 | 77.9% | — | ||
| Q3 25 | 77.4% | — | ||
| Q2 25 | 76.3% | — | ||
| Q1 25 | 75.3% | — | ||
| Q4 24 | 75.4% | — | ||
| Q3 24 | 75.0% | — | ||
| Q2 24 | 78.8% | — | ||
| Q1 24 | 79.5% | — |
| Q4 25 | -14.7% | -22.1% | ||
| Q3 25 | -15.8% | -29.4% | ||
| Q2 25 | -20.4% | -30.8% | ||
| Q1 25 | -18.8% | -26.9% | ||
| Q4 24 | -21.9% | -31.1% | ||
| Q3 24 | -27.4% | -33.5% | ||
| Q2 24 | -18.6% | -32.4% | ||
| Q1 24 | -16.6% | -31.7% |
| Q4 25 | -10.5% | -1.6% | ||
| Q3 25 | -12.0% | -19.4% | ||
| Q2 25 | -17.0% | -19.0% | ||
| Q1 25 | -15.1% | -19.2% | ||
| Q4 24 | -20.0% | -21.8% | ||
| Q3 24 | -21.0% | -22.9% | ||
| Q2 24 | -13.9% | -20.9% | ||
| Q1 24 | -8.8% | -20.9% |
| Q4 25 | $-0.13 | $-0.02 | ||
| Q3 25 | $-0.14 | $-0.33 | ||
| Q2 25 | $-0.19 | $-0.32 | ||
| Q1 25 | $-0.16 | $-0.33 | ||
| Q4 24 | $-0.21 | $-0.37 | ||
| Q3 24 | $-0.21 | $-0.38 | ||
| Q2 24 | $-0.13 | $-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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $704.4M | $94.8M |
| Total DebtLower is stronger | — | $4.2B |
| Stockholders' EquityBook value | $887.4M | $489.7M |
| Total Assets | $1.3B | $5.2B |
| Debt / EquityLower = less leverage | — | 8.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $94.8M | ||
| Q3 25 | $651.1M | $83.2M | ||
| Q2 25 | $611.7M | $58.6M | ||
| Q1 25 | $563.5M | $108.0M | ||
| Q4 24 | $522.0M | $131.7M | ||
| Q3 24 | $467.8M | $153.9M | ||
| Q2 24 | $591.3M | $146.2M | ||
| Q1 24 | $579.6M | $128.4M |
| 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 |
| Q4 25 | $887.4M | $489.7M | ||
| Q3 25 | $859.4M | $494.1M | ||
| Q2 25 | $826.5M | $519.1M | ||
| Q1 25 | $800.0M | $539.5M | ||
| Q4 24 | $773.5M | $562.0M | ||
| Q3 24 | $756.2M | $585.9M | ||
| Q2 24 | $721.4M | $618.3M | ||
| Q1 24 | $707.8M | $643.2M |
| Q4 25 | $1.3B | $5.2B | ||
| Q3 25 | $1.3B | $5.2B | ||
| Q2 25 | $1.2B | $5.2B | ||
| Q1 25 | $1.2B | $5.4B | ||
| Q4 24 | $1.1B | $5.4B | ||
| Q3 24 | $1.1B | $5.5B | ||
| Q2 24 | $1.0B | $5.5B | ||
| Q1 24 | $997.1M | $5.5B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $50.7M | $60.7M |
| Free Cash FlowOCF − Capex | $49.9M | $42.0M |
| FCF MarginFCF / Revenue | 34.3% | 36.9% |
| Capex IntensityCapex / Revenue | 0.6% | 16.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $79.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $60.7M | ||
| Q3 25 | $30.2M | $22.7M | ||
| Q2 25 | $36.1M | $18.4M | ||
| Q1 25 | $28.8M | $11.4M | ||
| Q4 24 | $49.1M | $2.0M | ||
| Q3 24 | $27.6M | $-3.4M | ||
| Q2 24 | $16.7M | $10.8M | ||
| Q1 24 | $17.5M | $8.0M |
| Q4 25 | $49.9M | $42.0M | ||
| Q3 25 | $28.8M | $17.6M | ||
| Q2 25 | $35.5M | $15.2M | ||
| Q1 25 | $28.1M | $5.0M | ||
| Q4 24 | $48.5M | $-3.7M | ||
| Q3 24 | $26.7M | $-5.9M | ||
| Q2 24 | $16.0M | $9.4M | ||
| Q1 24 | $16.6M | $5.9M |
| Q4 25 | 34.3% | 36.9% | ||
| Q3 25 | 21.0% | 15.9% | ||
| Q2 25 | 27.9% | 13.5% | ||
| Q1 25 | 23.0% | 4.5% | ||
| Q4 24 | 41.8% | -3.4% | ||
| Q3 24 | 24.5% | -5.5% | ||
| Q2 24 | 15.5% | 8.5% | ||
| Q1 24 | 16.6% | 5.2% |
| Q4 25 | 0.6% | 16.4% | ||
| Q3 25 | 1.0% | 4.6% | ||
| Q2 25 | 0.5% | 2.9% | ||
| Q1 25 | 0.5% | 5.7% | ||
| Q4 24 | 0.5% | 5.2% | ||
| Q3 24 | 0.9% | 2.3% | ||
| Q2 24 | 0.7% | 1.3% | ||
| Q1 24 | 0.8% | 1.9% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
