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Side-by-side financial comparison of FLOTEK INDUSTRIES INC (FTK) 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 $67.5M, roughly 1.7× FLOTEK INDUSTRIES INC). FLOTEK INDUSTRIES INC runs the higher net margin — 4.5% vs -1.6%, a 6.0% gap on every dollar of revenue. On growth, FLOTEK INDUSTRIES INC posted the faster year-over-year revenue change (33.0% vs 3.1%). Over the past eight quarters, FLOTEK INDUSTRIES INC's revenue compounded faster (29.3% CAGR vs 0.7%).

Flotek Industries Inc. is a technology-driven diversified company that develops and supplies specialty chemicals, performance materials and related equipment solutions for global energy, mining and industrial manufacturing sectors, delivering innovative sustainable products to boost client operational efficiency.

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.

FTK vs ILPT — Head-to-Head

Bigger by revenue
ILPT
ILPT
1.7× larger
ILPT
$113.9M
$67.5M
FTK
Growing faster (revenue YoY)
FTK
FTK
+30.0% gap
FTK
33.0%
3.1%
ILPT
Higher net margin
FTK
FTK
6.0% more per $
FTK
4.5%
-1.6%
ILPT
Faster 2-yr revenue CAGR
FTK
FTK
Annualised
FTK
29.3%
0.7%
ILPT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FTK
FTK
ILPT
ILPT
Revenue
$67.5M
$113.9M
Net Profit
$3.0M
$-1.8M
Gross Margin
22.5%
Operating Margin
8.9%
-22.1%
Net Margin
4.5%
-1.6%
Revenue YoY
33.0%
3.1%
Net Profit YoY
-31.7%
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
FTK
FTK
ILPT
ILPT
Q4 25
$67.5M
$113.9M
Q3 25
$56.0M
$110.9M
Q2 25
$58.4M
$112.1M
Q1 25
$55.4M
$111.9M
Q4 24
$50.8M
$110.5M
Q3 24
$49.7M
$108.9M
Q2 24
$46.2M
$110.6M
Q1 24
$40.4M
$112.2M
Net Profit
FTK
FTK
ILPT
ILPT
Q4 25
$3.0M
$-1.8M
Q3 25
$20.4M
$-21.6M
Q2 25
$1.8M
$-21.3M
Q1 25
$5.4M
$-21.5M
Q4 24
$4.4M
$-24.1M
Q3 24
$2.5M
$-25.0M
Q2 24
$2.0M
$-23.2M
Q1 24
$1.6M
$-23.4M
Gross Margin
FTK
FTK
ILPT
ILPT
Q4 25
22.5%
Q3 25
31.7%
Q2 25
24.7%
Q1 25
22.5%
Q4 24
24.2%
Q3 24
18.3%
Q2 24
19.9%
Q1 24
21.8%
Operating Margin
FTK
FTK
ILPT
ILPT
Q4 25
8.9%
-22.1%
Q3 25
16.2%
-29.4%
Q2 25
4.4%
-30.8%
Q1 25
10.1%
-26.9%
Q4 24
10.1%
-31.1%
Q3 24
5.5%
-33.5%
Q2 24
4.8%
-32.4%
Q1 24
5.2%
-31.7%
Net Margin
FTK
FTK
ILPT
ILPT
Q4 25
4.5%
-1.6%
Q3 25
36.3%
-19.4%
Q2 25
3.0%
-19.0%
Q1 25
9.7%
-19.2%
Q4 24
8.7%
-21.8%
Q3 24
5.1%
-22.9%
Q2 24
4.3%
-20.9%
Q1 24
3.9%
-20.9%
EPS (diluted)
FTK
FTK
ILPT
ILPT
Q4 25
$0.09
$-0.02
Q3 25
$0.53
$-0.33
Q2 25
$0.05
$-0.32
Q1 25
$0.17
$-0.33
Q4 24
$0.15
$-0.37
Q3 24
$0.08
$-0.38
Q2 24
$0.06
$-0.35
Q1 24
$0.05
$-0.36

Balance Sheet & Financial Strength

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

Metric
FTK
FTK
ILPT
ILPT
Cash + ST InvestmentsLiquidity on hand
$5.7M
$94.8M
Total DebtLower is stronger
$40.0M
$4.2B
Stockholders' EquityBook value
$113.1M
$489.7M
Total Assets
$220.0M
$5.2B
Debt / EquityLower = less leverage
0.35×
8.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FTK
FTK
ILPT
ILPT
Q4 25
$5.7M
$94.8M
Q3 25
$4.6M
$83.2M
Q2 25
$5.0M
$58.6M
Q1 25
$6.3M
$108.0M
Q4 24
$4.4M
$131.7M
Q3 24
$5.0M
$153.9M
Q2 24
$4.8M
$146.2M
Q1 24
$5.2M
$128.4M
Total Debt
FTK
FTK
ILPT
ILPT
Q4 25
$40.0M
$4.2B
Q3 25
$40.0M
$4.2B
Q2 25
$40.0M
$4.2B
Q1 25
$4.3B
Q4 24
$4.3B
Q3 24
$4.3B
Q2 24
$4.3B
Q1 24
$194.0K
$4.3B
Stockholders' Equity
FTK
FTK
ILPT
ILPT
Q4 25
$113.1M
$489.7M
Q3 25
$110.5M
$494.1M
Q2 25
$71.8M
$519.1M
Q1 25
$119.7M
$539.5M
Q4 24
$113.9M
$562.0M
Q3 24
$109.0M
$585.9M
Q2 24
$106.2M
$618.3M
Q1 24
$103.9M
$643.2M
Total Assets
FTK
FTK
ILPT
ILPT
Q4 25
$220.0M
$5.2B
Q3 25
$212.7M
$5.2B
Q2 25
$172.2M
$5.2B
Q1 25
$170.2M
$5.4B
Q4 24
$170.8M
$5.4B
Q3 24
$160.6M
$5.5B
Q2 24
$156.0M
$5.5B
Q1 24
$155.8M
$5.5B
Debt / Equity
FTK
FTK
ILPT
ILPT
Q4 25
0.35×
8.56×
Q3 25
0.36×
8.49×
Q2 25
0.56×
8.09×
Q1 25
7.96×
Q4 24
7.65×
Q3 24
7.35×
Q2 24
6.96×
Q1 24
0.00×
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
FTK
FTK
ILPT
ILPT
Operating Cash FlowLast quarter
$6.2M
$60.7M
Free Cash FlowOCF − Capex
$42.0M
FCF MarginFCF / Revenue
36.9%
Capex IntensityCapex / Revenue
16.4%
Cash ConversionOCF / Net Profit
2.07×
TTM Free Cash FlowTrailing 4 quarters
$79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FTK
FTK
ILPT
ILPT
Q4 25
$6.2M
$60.7M
Q3 25
$-1.9M
$22.7M
Q2 25
$-4.5M
$18.4M
Q1 25
$7.3M
$11.4M
Q4 24
$-2.6M
$2.0M
Q3 24
$5.1M
$-3.4M
Q2 24
$-3.1M
$10.8M
Q1 24
$3.9M
$8.0M
Free Cash Flow
FTK
FTK
ILPT
ILPT
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
Q1 24
$5.9M
FCF Margin
FTK
FTK
ILPT
ILPT
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%
Q1 24
5.2%
Capex Intensity
FTK
FTK
ILPT
ILPT
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%
Q1 24
1.9%
Cash Conversion
FTK
FTK
ILPT
ILPT
Q4 25
2.07×
Q3 25
-0.09×
Q2 25
-2.54×
Q1 25
1.36×
Q4 24
-0.58×
Q3 24
2.01×
Q2 24
-1.55×
Q1 24
2.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FTK
FTK

Related Party$49.6M74%
Nonrelated Party$17.9M26%

ILPT
ILPT

Segment breakdown not available.

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