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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) 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 $79.7M, roughly 1.4× HEALTHSTREAM INC). On growth, HEALTHSTREAM INC posted the faster year-over-year revenue change (7.4% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $13.0M). Over the past eight quarters, HEALTHSTREAM INC's revenue compounded faster (4.7% CAGR vs 0.7%).
HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.
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.
HSTM vs ILPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.7M | $113.9M |
| Net Profit | — | $-1.8M |
| Gross Margin | — | — |
| Operating Margin | 3.0% | -22.1% |
| Net Margin | — | -1.6% |
| Revenue YoY | 7.4% | 3.1% |
| Net Profit YoY | — | 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 | $79.7M | $113.9M | ||
| Q3 25 | $76.5M | $110.9M | ||
| Q2 25 | $74.4M | $112.1M | ||
| Q1 25 | $73.5M | $111.9M | ||
| Q4 24 | $74.2M | $110.5M | ||
| Q3 24 | $73.1M | $108.9M | ||
| Q2 24 | $71.6M | $110.6M | ||
| Q1 24 | $72.8M | $112.2M |
| Q4 25 | — | $-1.8M | ||
| Q3 25 | $6.1M | $-21.6M | ||
| Q2 25 | $5.4M | $-21.3M | ||
| Q1 25 | $4.3M | $-21.5M | ||
| Q4 24 | — | $-24.1M | ||
| Q3 24 | $5.7M | $-25.0M | ||
| Q2 24 | $4.2M | $-23.2M | ||
| Q1 24 | $5.2M | $-23.4M |
| Q4 25 | 3.0% | -22.1% | ||
| Q3 25 | 9.9% | -29.4% | ||
| Q2 25 | 7.9% | -30.8% | ||
| Q1 25 | 6.0% | -26.9% | ||
| Q4 24 | 6.3% | -31.1% | ||
| Q3 24 | 8.9% | -33.5% | ||
| Q2 24 | 6.2% | -32.4% | ||
| Q1 24 | 7.8% | -31.7% |
| Q4 25 | — | -1.6% | ||
| Q3 25 | 8.0% | -19.4% | ||
| Q2 25 | 7.2% | -19.0% | ||
| Q1 25 | 5.9% | -19.2% | ||
| Q4 24 | — | -21.8% | ||
| Q3 24 | 7.8% | -22.9% | ||
| Q2 24 | 5.8% | -20.9% | ||
| Q1 24 | 7.2% | -20.9% |
| Q4 25 | $0.09 | $-0.02 | ||
| Q3 25 | $0.20 | $-0.33 | ||
| Q2 25 | $0.18 | $-0.32 | ||
| Q1 25 | $0.14 | $-0.33 | ||
| Q4 24 | $0.16 | $-0.37 | ||
| Q3 24 | $0.19 | $-0.38 | ||
| Q2 24 | $0.14 | $-0.35 | ||
| Q1 24 | $0.17 | $-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 | $36.2M | $94.8M |
| Total DebtLower is stronger | — | $4.2B |
| Stockholders' EquityBook value | $354.0M | $489.7M |
| Total Assets | $520.4M | $5.2B |
| Debt / EquityLower = less leverage | — | 8.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.2M | $94.8M | ||
| Q3 25 | $53.5M | $83.2M | ||
| Q2 25 | $52.1M | $58.6M | ||
| Q1 25 | $77.3M | $108.0M | ||
| Q4 24 | $59.5M | $131.7M | ||
| Q3 24 | $57.5M | $153.9M | ||
| Q2 24 | $46.1M | $146.2M | ||
| Q1 24 | $52.4M | $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 | $354.0M | $489.7M | ||
| Q3 25 | $349.2M | $494.1M | ||
| Q2 25 | $350.6M | $519.1M | ||
| Q1 25 | $362.8M | $539.5M | ||
| Q4 24 | $359.4M | $562.0M | ||
| Q3 24 | $355.5M | $585.9M | ||
| Q2 24 | $349.2M | $618.3M | ||
| Q1 24 | $344.9M | $643.2M |
| Q4 25 | $520.4M | $5.2B | ||
| Q3 25 | $499.9M | $5.2B | ||
| Q2 25 | $500.1M | $5.2B | ||
| Q1 25 | $524.0M | $5.4B | ||
| Q4 24 | $510.8M | $5.4B | ||
| Q3 24 | $502.8M | $5.5B | ||
| Q2 24 | $499.6M | $5.5B | ||
| Q1 24 | $511.6M | $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 | $13.2M | $60.7M |
| Free Cash FlowOCF − Capex | $13.0M | $42.0M |
| FCF MarginFCF / Revenue | 16.3% | 36.9% |
| Capex IntensityCapex / Revenue | 0.3% | 16.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $79.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.2M | $60.7M | ||
| Q3 25 | $18.0M | $22.7M | ||
| Q2 25 | $5.0M | $18.4M | ||
| Q1 25 | $27.1M | $11.4M | ||
| Q4 24 | $11.2M | $2.0M | ||
| Q3 24 | $19.1M | $-3.4M | ||
| Q2 24 | $6.5M | $10.8M | ||
| Q1 24 | $20.9M | $8.0M |
| Q4 25 | $13.0M | $42.0M | ||
| Q3 25 | $17.9M | $17.6M | ||
| Q2 25 | $2.7M | $15.2M | ||
| Q1 25 | $26.0M | $5.0M | ||
| Q4 24 | $11.0M | $-3.7M | ||
| Q3 24 | $18.8M | $-5.9M | ||
| Q2 24 | $6.3M | $9.4M | ||
| Q1 24 | $20.2M | $5.9M |
| Q4 25 | 16.3% | 36.9% | ||
| Q3 25 | 23.4% | 15.9% | ||
| Q2 25 | 3.6% | 13.5% | ||
| Q1 25 | 35.4% | 4.5% | ||
| Q4 24 | 14.8% | -3.4% | ||
| Q3 24 | 25.8% | -5.5% | ||
| Q2 24 | 8.8% | 8.5% | ||
| Q1 24 | 27.8% | 5.2% |
| Q4 25 | 0.3% | 16.4% | ||
| Q3 25 | 0.1% | 4.6% | ||
| Q2 25 | 3.1% | 2.9% | ||
| Q1 25 | 1.4% | 5.7% | ||
| Q4 24 | 0.3% | 5.2% | ||
| Q3 24 | 0.4% | 2.3% | ||
| Q2 24 | 0.2% | 1.3% | ||
| Q1 24 | 1.0% | 1.9% |
| Q4 25 | — | — | ||
| Q3 25 | 2.96× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 6.25× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.34× | — | ||
| Q2 24 | 1.55× | — | ||
| Q1 24 | 4.01× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HSTM
| Subscription Services | $77.0M | 97% |
| Professional Services | $2.7M | 3% |
ILPT
Segment breakdown not available.
