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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and Loar Holdings Inc. (LOAR). Click either name above to swap in a different company.

Loar Holdings Inc. is the larger business by last-quarter revenue ($131.8M vs $113.9M, roughly 1.2× Industrial Logistics Properties Trust). Loar Holdings Inc. runs the higher net margin — 9.5% vs -1.6%, a 11.1% gap on every dollar of revenue. On growth, Loar Holdings Inc. posted the faster year-over-year revenue change (19.3% vs 3.1%). Over the past eight quarters, Loar Holdings Inc.'s revenue compounded faster (19.8% 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.

ILPT vs LOAR — Head-to-Head

Bigger by revenue
LOAR
LOAR
1.2× larger
LOAR
$131.8M
$113.9M
ILPT
Growing faster (revenue YoY)
LOAR
LOAR
+16.2% gap
LOAR
19.3%
3.1%
ILPT
Higher net margin
LOAR
LOAR
11.1% more per $
LOAR
9.5%
-1.6%
ILPT
Faster 2-yr revenue CAGR
LOAR
LOAR
Annualised
LOAR
19.8%
0.7%
ILPT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ILPT
ILPT
LOAR
LOAR
Revenue
$113.9M
$131.8M
Net Profit
$-1.8M
$12.5M
Gross Margin
52.1%
Operating Margin
-22.1%
18.0%
Net Margin
-1.6%
9.5%
Revenue YoY
3.1%
19.3%
Net Profit YoY
92.6%
239.5%
EPS (diluted)
$-0.02
$0.13

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
ILPT
ILPT
LOAR
LOAR
Q4 25
$113.9M
$131.8M
Q3 25
$110.9M
$126.8M
Q2 25
$112.1M
$123.1M
Q1 25
$111.9M
$114.7M
Q4 24
$110.5M
$110.4M
Q3 24
$108.9M
$103.5M
Q2 24
$110.6M
$97.0M
Q1 24
$112.2M
$91.8M
Net Profit
ILPT
ILPT
LOAR
LOAR
Q4 25
$-1.8M
$12.5M
Q3 25
$-21.6M
$27.6M
Q2 25
$-21.3M
$16.7M
Q1 25
$-21.5M
$15.3M
Q4 24
$-24.1M
$3.7M
Q3 24
$-25.0M
$8.7M
Q2 24
$-23.2M
$7.6M
Q1 24
$-23.4M
$2.2M
Gross Margin
ILPT
ILPT
LOAR
LOAR
Q4 25
52.1%
Q3 25
52.7%
Q2 25
53.8%
Q1 25
52.1%
Q4 24
48.9%
Q3 24
51.1%
Q2 24
49.0%
Q1 24
48.4%
Operating Margin
ILPT
ILPT
LOAR
LOAR
Q4 25
-22.1%
18.0%
Q3 25
-29.4%
22.9%
Q2 25
-30.8%
22.2%
Q1 25
-26.9%
22.8%
Q4 24
-31.1%
19.2%
Q3 24
-33.5%
22.1%
Q2 24
-32.4%
22.9%
Q1 24
-31.7%
23.3%
Net Margin
ILPT
ILPT
LOAR
LOAR
Q4 25
-1.6%
9.5%
Q3 25
-19.4%
21.8%
Q2 25
-19.0%
13.6%
Q1 25
-19.2%
13.4%
Q4 24
-21.8%
3.3%
Q3 24
-22.9%
8.4%
Q2 24
-20.9%
7.9%
Q1 24
-20.9%
2.4%
EPS (diluted)
ILPT
ILPT
LOAR
LOAR
Q4 25
$-0.02
$0.13
Q3 25
$-0.33
$0.29
Q2 25
$-0.32
$0.17
Q1 25
$-0.33
$0.16
Q4 24
$-0.37
$-11023.48
Q3 24
$-0.38
$0.09
Q2 24
$-0.35
$0.09
Q1 24
$-0.36
$11023.54

Balance Sheet & Financial Strength

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

Metric
ILPT
ILPT
LOAR
LOAR
Cash + ST InvestmentsLiquidity on hand
$94.8M
$84.8M
Total DebtLower is stronger
$4.2B
$715.7M
Stockholders' EquityBook value
$489.7M
$1.2B
Total Assets
$5.2B
$2.0B
Debt / EquityLower = less leverage
8.56×
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ILPT
ILPT
LOAR
LOAR
Q4 25
$94.8M
$84.8M
Q3 25
$83.2M
$99.0M
Q2 25
$58.6M
$103.3M
Q1 25
$108.0M
$80.5M
Q4 24
$131.7M
$54.1M
Q3 24
$153.9M
$55.2M
Q2 24
$146.2M
$73.2M
Q1 24
$128.4M
$28.2M
Total Debt
ILPT
ILPT
LOAR
LOAR
Q4 25
$4.2B
$715.7M
Q3 25
$4.2B
$279.4M
Q2 25
$4.2B
$277.7M
Q1 25
$4.3B
$277.5M
Q4 24
$4.3B
$277.3M
Q3 24
$4.3B
$602.1M
Q2 24
$4.3B
$250.7M
Q1 24
$4.3B
$534.2M
Stockholders' Equity
ILPT
ILPT
LOAR
LOAR
Q4 25
$489.7M
$1.2B
Q3 25
$494.1M
$1.2B
Q2 25
$519.1M
$1.1B
Q1 25
$539.5M
$1.1B
Q4 24
$562.0M
$1.1B
Q3 24
$585.9M
$769.8M
Q2 24
$618.3M
$758.4M
Q1 24
$643.2M
$420.6M
Total Assets
ILPT
ILPT
LOAR
LOAR
Q4 25
$5.2B
$2.0B
Q3 25
$5.2B
$1.5B
Q2 25
$5.2B
$1.5B
Q1 25
$5.4B
$1.5B
Q4 24
$5.4B
$1.5B
Q3 24
$5.5B
$1.5B
Q2 24
$5.5B
$1.1B
Q1 24
$5.5B
$1.1B
Debt / Equity
ILPT
ILPT
LOAR
LOAR
Q4 25
8.56×
0.61×
Q3 25
8.49×
0.24×
Q2 25
8.09×
0.25×
Q1 25
7.96×
0.25×
Q4 24
7.65×
0.25×
Q3 24
7.35×
0.78×
Q2 24
6.96×
0.33×
Q1 24
6.70×
1.27×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ILPT
ILPT
LOAR
LOAR
Operating Cash FlowLast quarter
$60.7M
$30.4M
Free Cash FlowOCF − Capex
$42.0M
FCF MarginFCF / Revenue
36.9%
Capex IntensityCapex / Revenue
16.4%
Cash ConversionOCF / Net Profit
2.43×
TTM Free Cash FlowTrailing 4 quarters
$79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ILPT
ILPT
LOAR
LOAR
Q4 25
$60.7M
$30.4M
Q3 25
$22.7M
$29.7M
Q2 25
$18.4M
$23.8M
Q1 25
$11.4M
$28.4M
Q4 24
$2.0M
$20.7M
Q3 24
$-3.4M
$16.3M
Q2 24
$10.8M
$7.1M
Q1 24
$8.0M
$10.8M
Free Cash Flow
ILPT
ILPT
LOAR
LOAR
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
ILPT
ILPT
LOAR
LOAR
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
ILPT
ILPT
LOAR
LOAR
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
ILPT
ILPT
LOAR
LOAR
Q4 25
2.43×
Q3 25
1.08×
Q2 25
1.42×
Q1 25
1.85×
Q4 24
5.62×
Q3 24
1.89×
Q2 24
0.93×
Q1 24
4.81×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ILPT
ILPT

Segment breakdown not available.

LOAR
LOAR

Other$76.8M58%
Commercial Aerospace$21.2M16%
Business Jet And General Aviation$17.6M13%
Defense$16.2M12%

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