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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and Inogen Inc (INGN). 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 $68.6M, roughly 1.7× Inogen Inc). On growth, Inogen Inc posted the faster year-over-year revenue change (3.4% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $-1.9M). Over the past eight quarters, Inogen Inc's revenue compounded faster (4.2% CAGR vs 0.7%).
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.
Inogen Inc is a medical technology firm specializing in the development, production and distribution of portable oxygen concentrators and associated respiratory care products. It caters primarily to patients with chronic respiratory conditions needing long-term oxygen therapy across North America, Europe and other global markets, focusing on home care and ambulatory patient segments to enhance users' quality of life.
ILPT vs INGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $68.6M |
| Net Profit | $-1.8M | — |
| Gross Margin | — | 51.4% |
| Operating Margin | -22.1% | -13.6% |
| Net Margin | -1.6% | — |
| Revenue YoY | 3.1% | 3.4% |
| Net Profit YoY | 92.6% | — |
| EPS (diluted) | $-0.02 | $-0.26 |
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 | $113.9M | $68.6M | ||
| Q3 25 | $110.9M | $79.1M | ||
| Q2 25 | $112.1M | $79.2M | ||
| Q1 25 | $111.9M | $68.5M | ||
| Q4 24 | $110.5M | $66.3M | ||
| Q3 24 | $108.9M | $74.9M | ||
| Q2 24 | $110.6M | $74.4M | ||
| Q1 24 | $112.2M | $63.1M |
| Q4 25 | $-1.8M | — | ||
| Q3 25 | $-21.6M | $-5.3M | ||
| Q2 25 | $-21.3M | $-4.2M | ||
| Q1 25 | $-21.5M | $-6.2M | ||
| Q4 24 | $-24.1M | — | ||
| Q3 24 | $-25.0M | $-6.0M | ||
| Q2 24 | $-23.2M | $-5.6M | ||
| Q1 24 | $-23.4M | $-14.6M |
| Q4 25 | — | 51.4% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | — | 52.2% | ||
| Q1 25 | — | 53.1% | ||
| Q4 24 | — | 54.7% | ||
| Q3 24 | — | 55.2% | ||
| Q2 24 | — | 57.4% | ||
| Q1 24 | — | 54.5% |
| Q4 25 | -22.1% | -13.6% | ||
| Q3 25 | -29.4% | -9.0% | ||
| Q2 25 | -30.8% | -7.7% | ||
| Q1 25 | -26.9% | -11.2% | ||
| Q4 24 | -31.1% | -17.2% | ||
| Q3 24 | -33.5% | -10.4% | ||
| Q2 24 | -32.4% | -9.5% | ||
| Q1 24 | -31.7% | -25.8% |
| Q4 25 | -1.6% | — | ||
| Q3 25 | -19.4% | -6.7% | ||
| Q2 25 | -19.0% | -5.2% | ||
| Q1 25 | -19.2% | -9.0% | ||
| Q4 24 | -21.8% | — | ||
| Q3 24 | -22.9% | -8.0% | ||
| Q2 24 | -20.9% | -7.5% | ||
| Q1 24 | -20.9% | -23.1% |
| Q4 25 | $-0.02 | $-0.26 | ||
| Q3 25 | $-0.33 | $-0.20 | ||
| Q2 25 | $-0.32 | $-0.15 | ||
| Q1 25 | $-0.33 | $-0.25 | ||
| Q4 24 | $-0.37 | $-0.41 | ||
| Q3 24 | $-0.38 | $-0.25 | ||
| Q2 24 | $-0.35 | $-0.24 | ||
| Q1 24 | $-0.36 | $-0.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $94.8M | $103.7M |
| Total DebtLower is stronger | $4.2B | — |
| Stockholders' EquityBook value | $489.7M | $192.2M |
| Total Assets | $5.2B | $298.6M |
| Debt / EquityLower = less leverage | 8.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | $103.7M | ||
| Q3 25 | $83.2M | $106.5M | ||
| Q2 25 | $58.6M | $103.7M | ||
| Q1 25 | $108.0M | $118.9M | ||
| Q4 24 | $131.7M | $113.8M | ||
| Q3 24 | $153.9M | $105.7M | ||
| Q2 24 | $146.2M | $97.9M | ||
| Q1 24 | $128.4M | $107.4M |
| 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 | $489.7M | $192.2M | ||
| Q3 25 | $494.1M | $197.2M | ||
| Q2 25 | $519.1M | $199.5M | ||
| Q1 25 | $539.5M | $198.0M | ||
| Q4 24 | $562.0M | $173.9M | ||
| Q3 24 | $585.9M | $185.4M | ||
| Q2 24 | $618.3M | $187.6M | ||
| Q1 24 | $643.2M | $191.9M |
| Q4 25 | $5.2B | $298.6M | ||
| Q3 25 | $5.2B | $307.0M | ||
| Q2 25 | $5.2B | $312.0M | ||
| Q1 25 | $5.4B | $308.4M | ||
| Q4 24 | $5.4B | $296.2M | ||
| Q3 24 | $5.5B | $306.2M | ||
| Q2 24 | $5.5B | $308.9M | ||
| Q1 24 | $5.5B | $315.6M |
| 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 | $60.7M | $-943.0K |
| Free Cash FlowOCF − Capex | $42.0M | $-1.9M |
| FCF MarginFCF / Revenue | 36.9% | -2.8% |
| Capex IntensityCapex / Revenue | 16.4% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $-13.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | $-943.0K | ||
| Q3 25 | $22.7M | $2.2M | ||
| Q2 25 | $18.4M | $4.3M | ||
| Q1 25 | $11.4M | $-16.8M | ||
| Q4 24 | $2.0M | $-3.0M | ||
| Q3 24 | $-3.4M | $7.0M | ||
| Q2 24 | $10.8M | $6.7M | ||
| Q1 24 | $8.0M | $-4.7M |
| Q4 25 | $42.0M | $-1.9M | ||
| Q3 25 | $17.6M | $1.6M | ||
| Q2 25 | $15.2M | $3.7M | ||
| Q1 25 | $5.0M | $-17.1M | ||
| Q4 24 | $-3.7M | $-3.3M | ||
| Q3 24 | $-5.9M | $5.3M | ||
| Q2 24 | $9.4M | $6.6M | ||
| Q1 24 | $5.9M | $-6.1M |
| Q4 25 | 36.9% | -2.8% | ||
| Q3 25 | 15.9% | 2.0% | ||
| Q2 25 | 13.5% | 4.6% | ||
| Q1 25 | 4.5% | -24.9% | ||
| Q4 24 | -3.4% | -5.0% | ||
| Q3 24 | -5.5% | 7.1% | ||
| Q2 24 | 8.5% | 8.9% | ||
| Q1 24 | 5.2% | -9.6% |
| Q4 25 | 16.4% | 1.4% | ||
| Q3 25 | 4.6% | 0.7% | ||
| Q2 25 | 2.9% | 0.9% | ||
| Q1 25 | 5.7% | 0.4% | ||
| Q4 24 | 5.2% | 0.5% | ||
| Q3 24 | 2.3% | 2.2% | ||
| Q2 24 | 1.3% | 0.1% | ||
| Q1 24 | 1.9% | 2.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ILPT
Segment breakdown not available.
INGN
| Other | $36.1M | 53% |
| Non Us | $32.5M | 47% |
