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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and iQSTEL Inc (IQST). 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 $84.2M, roughly 1.4× iQSTEL Inc). Industrial Logistics Properties Trust runs the higher net margin — -1.6% vs -3.2%, a 1.6% gap on every dollar of revenue. On growth, Industrial Logistics Properties Trust posted the faster year-over-year revenue change (3.1% vs -14.9%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% 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.
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.
ILPT vs IQST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $84.2M |
| Net Profit | $-1.8M | $-2.7M |
| Gross Margin | — | 3.5% |
| Operating Margin | -22.1% | -2.9% |
| Net Margin | -1.6% | -3.2% |
| Revenue YoY | 3.1% | -14.9% |
| Net Profit YoY | 92.6% | -44.5% |
| EPS (diluted) | $-0.02 | $-0.92 |
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 | $84.2M | ||
| Q3 25 | $110.9M | $102.9M | ||
| Q2 25 | $112.1M | $72.2M | ||
| Q1 25 | $111.9M | $57.6M | ||
| Q4 24 | $110.5M | $98.9M | ||
| Q3 24 | $108.9M | $54.2M | ||
| Q2 24 | $110.6M | $78.6M | ||
| Q1 24 | $112.2M | $51.4M |
| Q4 25 | $-1.8M | $-2.7M | ||
| Q3 25 | $-21.6M | $-2.3M | ||
| Q2 25 | $-21.3M | $-2.3M | ||
| Q1 25 | $-21.5M | $-1.1M | ||
| Q4 24 | $-24.1M | $-1.9M | ||
| Q3 24 | $-25.0M | $-773.0K | ||
| Q2 24 | $-23.2M | $-2.0M | ||
| Q1 24 | $-23.4M | $-580.2K |
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | -22.1% | -2.9% | ||
| Q3 25 | -29.4% | -0.5% | ||
| Q2 25 | -30.8% | -0.9% | ||
| Q1 25 | -26.9% | -1.0% | ||
| Q4 24 | -31.1% | -0.3% | ||
| Q3 24 | -33.5% | -0.1% | ||
| Q2 24 | -32.4% | -0.4% | ||
| Q1 24 | -31.7% | -0.4% |
| Q4 25 | -1.6% | -3.2% | ||
| Q3 25 | -19.4% | -2.3% | ||
| Q2 25 | -19.0% | -3.3% | ||
| Q1 25 | -19.2% | -2.0% | ||
| Q4 24 | -21.8% | -1.9% | ||
| Q3 24 | -22.9% | -1.4% | ||
| Q2 24 | -20.9% | -2.5% | ||
| Q1 24 | -20.9% | -1.1% |
| Q4 25 | $-0.02 | $-0.92 | ||
| Q3 25 | $-0.33 | $-0.68 | ||
| Q2 25 | $-0.32 | $-0.82 | ||
| Q1 25 | $-0.33 | $-0.44 | ||
| Q4 24 | $-0.37 | $-1.19 | ||
| Q3 24 | $-0.38 | $-0.40 | ||
| Q2 24 | $-0.35 | $-0.90 | ||
| Q1 24 | $-0.36 | $-0.37 |
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 | $2.2M |
| Total DebtLower is stronger | $4.2B | $4.1M |
| Stockholders' EquityBook value | $489.7M | $16.3M |
| Total Assets | $5.2B | $51.1M |
| Debt / EquityLower = less leverage | 8.56× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | $2.2M | ||
| Q3 25 | $83.2M | $2.3M | ||
| Q2 25 | $58.6M | $2.0M | ||
| Q1 25 | $108.0M | $1.1M | ||
| Q4 24 | $131.7M | $2.5M | ||
| Q3 24 | $153.9M | $2.1M | ||
| Q2 24 | $146.2M | $797.2K | ||
| Q1 24 | $128.4M | $2.7M |
| Q4 25 | $4.2B | $4.1M | ||
| Q3 25 | $4.2B | $2.7M | ||
| Q2 25 | $4.2B | $4.5M | ||
| Q1 25 | $4.3B | $3.5M | ||
| Q4 24 | $4.3B | $2.5M | ||
| Q3 24 | $4.3B | $3.2M | ||
| Q2 24 | $4.3B | $2.5M | ||
| Q1 24 | $4.3B | $194.0K |
| Q4 25 | $489.7M | $16.3M | ||
| Q3 25 | $494.1M | $17.9M | ||
| Q2 25 | $519.1M | $14.3M | ||
| Q1 25 | $539.5M | $11.6M | ||
| Q4 24 | $562.0M | $11.9M | ||
| Q3 24 | $585.9M | $8.1M | ||
| Q2 24 | $618.3M | $7.6M | ||
| Q1 24 | $643.2M | $8.4M |
| Q4 25 | $5.2B | $51.1M | ||
| Q3 25 | $5.2B | $46.9M | ||
| Q2 25 | $5.2B | $51.4M | ||
| Q1 25 | $5.4B | $42.0M | ||
| Q4 24 | $5.4B | $79.0M | ||
| Q3 24 | $5.5B | $32.4M | ||
| Q2 24 | $5.5B | $30.0M | ||
| Q1 24 | $5.5B | $22.1M |
| Q4 25 | 8.56× | 0.25× | ||
| Q3 25 | 8.49× | 0.15× | ||
| Q2 25 | 8.09× | 0.31× | ||
| Q1 25 | 7.96× | 0.31× | ||
| Q4 24 | 7.65× | 0.21× | ||
| Q3 24 | 7.35× | 0.40× | ||
| Q2 24 | 6.96× | 0.34× | ||
| Q1 24 | 6.70× | 0.02× |
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 | $-1.2M |
| Free Cash FlowOCF − Capex | $42.0M | $-1.2M |
| FCF MarginFCF / Revenue | 36.9% | -1.5% |
| Capex IntensityCapex / Revenue | 16.4% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | $-1.2M | ||
| Q3 25 | $22.7M | $-953.0K | ||
| Q2 25 | $18.4M | $257.7K | ||
| Q1 25 | $11.4M | $-1.9M | ||
| Q4 24 | $2.0M | $-403.7K | ||
| Q3 24 | $-3.4M | $625.0K | ||
| Q2 24 | $10.8M | $-2.6M | ||
| Q1 24 | $8.0M | $-536.9K |
| Q4 25 | $42.0M | $-1.2M | ||
| Q3 25 | $17.6M | $-969.2K | ||
| Q2 25 | $15.2M | $211.7K | ||
| Q1 25 | $5.0M | $-2.0M | ||
| Q4 24 | $-3.7M | $-421.3K | ||
| Q3 24 | $-5.9M | $594.5K | ||
| Q2 24 | $9.4M | $-2.6M | ||
| Q1 24 | $5.9M | $-608.5K |
| Q4 25 | 36.9% | -1.5% | ||
| Q3 25 | 15.9% | -0.9% | ||
| Q2 25 | 13.5% | 0.3% | ||
| Q1 25 | 4.5% | -3.4% | ||
| Q4 24 | -3.4% | -0.4% | ||
| Q3 24 | -5.5% | 1.1% | ||
| Q2 24 | 8.5% | -3.4% | ||
| Q1 24 | 5.2% | -1.2% |
| Q4 25 | 16.4% | 0.0% | ||
| Q3 25 | 4.6% | 0.0% | ||
| Q2 25 | 2.9% | 0.1% | ||
| Q1 25 | 5.7% | 0.1% | ||
| Q4 24 | 5.2% | 0.0% | ||
| Q3 24 | 2.3% | 0.1% | ||
| Q2 24 | 1.3% | 0.0% | ||
| Q1 24 | 1.9% | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ILPT
Segment breakdown not available.
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
