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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and Lovesac Co (LOVE). Click either name above to swap in a different company.
Lovesac Co is the larger business by last-quarter revenue ($150.2M vs $113.9M, roughly 1.3× Industrial Logistics Properties Trust). Industrial Logistics Properties Trust runs the higher net margin — -1.6% vs -7.0%, a 5.5% gap on every dollar of revenue. On growth, Industrial Logistics Properties Trust posted the faster year-over-year revenue change (3.1% vs 0.2%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $-10.2M). Over the past eight quarters, Industrial Logistics Properties Trust's revenue compounded faster (0.7% CAGR vs -22.6%).
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.
The Lovesac Company is an American furniture retailer, specializing in a patented modular furniture system called Sactionals. Sactionals consist of two combinable pieces, “Seats” and “Sides,” as well as custom-fit covers and associated accessories. Lovesac also sells Sacs, a bag seat filled with a proprietary foam mixture.
ILPT vs LOVE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $150.2M |
| Net Profit | $-1.8M | $-10.6M |
| Gross Margin | — | 56.1% |
| Operating Margin | -22.1% | -10.5% |
| Net Margin | -1.6% | -7.0% |
| Revenue YoY | 3.1% | 0.2% |
| Net Profit YoY | 92.6% | -114.0% |
| EPS (diluted) | $-0.02 | $-0.72 |
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 | $150.2M | ||
| Q3 25 | $110.9M | $160.5M | ||
| Q2 25 | $112.1M | $138.4M | ||
| Q1 25 | $111.9M | $241.5M | ||
| Q4 24 | $110.5M | $149.9M | ||
| Q3 24 | $108.9M | $156.6M | ||
| Q2 24 | $110.6M | $132.6M | ||
| Q1 24 | $112.2M | $250.5M |
| Q4 25 | $-1.8M | $-10.6M | ||
| Q3 25 | $-21.6M | $-6.7M | ||
| Q2 25 | $-21.3M | $-10.8M | ||
| Q1 25 | $-21.5M | $35.3M | ||
| Q4 24 | $-24.1M | $-4.9M | ||
| Q3 24 | $-25.0M | $-5.9M | ||
| Q2 24 | $-23.2M | $-13.0M | ||
| Q1 24 | $-23.4M | $31.0M |
| Q4 25 | — | 56.1% | ||
| Q3 25 | — | 56.4% | ||
| Q2 25 | — | 53.7% | ||
| Q1 25 | — | 60.4% | ||
| Q4 24 | — | 58.5% | ||
| Q3 24 | — | 59.0% | ||
| Q2 24 | — | 54.3% | ||
| Q1 24 | — | 59.7% |
| Q4 25 | -22.1% | -10.5% | ||
| Q3 25 | -29.4% | -5.5% | ||
| Q2 25 | -30.8% | -10.8% | ||
| Q1 25 | -26.9% | 19.7% | ||
| Q4 24 | -31.1% | -5.2% | ||
| Q3 24 | -33.5% | -5.3% | ||
| Q2 24 | -32.4% | -13.5% | ||
| Q1 24 | -31.7% | 16.1% |
| Q4 25 | -1.6% | -7.0% | ||
| Q3 25 | -19.4% | -4.1% | ||
| Q2 25 | -19.0% | -7.8% | ||
| Q1 25 | -19.2% | 14.6% | ||
| Q4 24 | -21.8% | -3.3% | ||
| Q3 24 | -22.9% | -3.7% | ||
| Q2 24 | -20.9% | -9.8% | ||
| Q1 24 | -20.9% | 12.4% |
| Q4 25 | $-0.02 | $-0.72 | ||
| Q3 25 | $-0.33 | $-0.45 | ||
| Q2 25 | $-0.32 | $-0.73 | ||
| Q1 25 | $-0.33 | $2.22 | ||
| Q4 24 | $-0.37 | $-0.32 | ||
| Q3 24 | $-0.38 | $-0.38 | ||
| Q2 24 | $-0.35 | $-0.83 | ||
| Q1 24 | $-0.36 | $1.91 |
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 | $23.7M |
| Total DebtLower is stronger | $4.2B | — |
| Stockholders' EquityBook value | $489.7M | $189.3M |
| Total Assets | $5.2B | $495.5M |
| Debt / EquityLower = less leverage | 8.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | $23.7M | ||
| Q3 25 | $83.2M | $34.2M | ||
| Q2 25 | $58.6M | $26.9M | ||
| Q1 25 | $108.0M | $83.7M | ||
| Q4 24 | $131.7M | $61.7M | ||
| Q3 24 | $153.9M | $72.1M | ||
| Q2 24 | $146.2M | $72.4M | ||
| Q1 24 | $128.4M | $87.0M |
| 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 | $189.3M | ||
| Q3 25 | $494.1M | $197.5M | ||
| Q2 25 | $519.1M | $201.2M | ||
| Q1 25 | $539.5M | $216.4M | ||
| Q4 24 | $562.0M | $196.5M | ||
| Q3 24 | $585.9M | $202.1M | ||
| Q2 24 | $618.3M | $205.3M | ||
| Q1 24 | $643.2M | $217.5M |
| Q4 25 | $5.2B | $495.5M | ||
| Q3 25 | $5.2B | $493.7M | ||
| Q2 25 | $5.2B | $483.7M | ||
| Q1 25 | $5.4B | $532.3M | ||
| Q4 24 | $5.4B | $499.7M | ||
| Q3 24 | $5.5B | $481.1M | ||
| Q2 24 | $5.5B | $477.2M | ||
| Q1 24 | $5.5B | $482.2M |
| 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 | $-4.9M |
| Free Cash FlowOCF − Capex | $42.0M | $-10.2M |
| FCF MarginFCF / Revenue | 36.9% | -6.8% |
| Capex IntensityCapex / Revenue | 16.4% | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $-13.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | $-4.9M | ||
| Q3 25 | $22.7M | $12.2M | ||
| Q2 25 | $18.4M | $-41.4M | ||
| Q1 25 | $11.4M | $44.0M | ||
| Q4 24 | $2.0M | $-4.2M | ||
| Q3 24 | $-3.4M | $6.2M | ||
| Q2 24 | $10.8M | $-7.0M | ||
| Q1 24 | $8.0M | $56.3M |
| Q4 25 | $42.0M | $-10.2M | ||
| Q3 25 | $17.6M | $7.8M | ||
| Q2 25 | $15.2M | $-50.0M | ||
| Q1 25 | $5.0M | $38.7M | ||
| Q4 24 | $-3.7M | $-6.6M | ||
| Q3 24 | $-5.9M | $119.0K | ||
| Q2 24 | $9.4M | $-14.3M | ||
| Q1 24 | $5.9M | $49.5M |
| Q4 25 | 36.9% | -6.8% | ||
| Q3 25 | 15.9% | 4.9% | ||
| Q2 25 | 13.5% | -36.1% | ||
| Q1 25 | 4.5% | 16.0% | ||
| Q4 24 | -3.4% | -4.4% | ||
| Q3 24 | -5.5% | 0.1% | ||
| Q2 24 | 8.5% | -10.8% | ||
| Q1 24 | 5.2% | 19.8% |
| Q4 25 | 16.4% | 3.5% | ||
| Q3 25 | 4.6% | 2.7% | ||
| Q2 25 | 2.9% | 6.2% | ||
| Q1 25 | 5.7% | 2.2% | ||
| Q4 24 | 5.2% | 1.6% | ||
| Q3 24 | 2.3% | 3.9% | ||
| Q2 24 | 1.3% | 5.5% | ||
| Q1 24 | 1.9% | 2.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.25× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.82× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ILPT
Segment breakdown not available.
LOVE
| Showrooms | $102.7M | 68% |
| Internet | $37.3M | 25% |
| Other | $10.2M | 7% |
