vs

Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and MIMEDX GROUP, INC. (MDXG). Click either name above to swap in a different company.

MIMEDX GROUP, INC. is the larger business by last-quarter revenue ($118.1M vs $113.9M, roughly 1.0× Industrial Logistics Properties Trust). MIMEDX GROUP, INC. runs the higher net margin — 12.9% vs -1.6%, a 14.4% gap on every dollar of revenue. On growth, MIMEDX GROUP, INC. posted the faster year-over-year revenue change (27.1% vs 3.1%). Over the past eight quarters, MIMEDX GROUP, INC.'s revenue compounded faster (18.1% 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.

MiMedx is an American biomedical company based in Marietta, Georgia, founded in 2008. Using tissues from birth such as the placenta, amniotic sac, and umbilical cord, MiMedx creates skin for skin grafts for medical use.

ILPT vs MDXG — Head-to-Head

Bigger by revenue
MDXG
MDXG
1.0× larger
MDXG
$118.1M
$113.9M
ILPT
Growing faster (revenue YoY)
MDXG
MDXG
+24.0% gap
MDXG
27.1%
3.1%
ILPT
Higher net margin
MDXG
MDXG
14.4% more per $
MDXG
12.9%
-1.6%
ILPT
Faster 2-yr revenue CAGR
MDXG
MDXG
Annualised
MDXG
18.1%
0.7%
ILPT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ILPT
ILPT
MDXG
MDXG
Revenue
$113.9M
$118.1M
Net Profit
$-1.8M
$15.2M
Gross Margin
83.9%
Operating Margin
-22.1%
17.8%
Net Margin
-1.6%
12.9%
Revenue YoY
3.1%
27.1%
Net Profit YoY
92.6%
104.2%
EPS (diluted)
$-0.02
$0.10

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
MDXG
MDXG
Q4 25
$113.9M
$118.1M
Q3 25
$110.9M
$113.7M
Q2 25
$112.1M
$98.6M
Q1 25
$111.9M
$88.2M
Q4 24
$110.5M
$92.9M
Q3 24
$108.9M
$84.1M
Q2 24
$110.6M
$87.2M
Q1 24
$112.2M
$84.7M
Net Profit
ILPT
ILPT
MDXG
MDXG
Q4 25
$-1.8M
$15.2M
Q3 25
$-21.6M
$16.7M
Q2 25
$-21.3M
$9.6M
Q1 25
$-21.5M
$7.0M
Q4 24
$-24.1M
$7.4M
Q3 24
$-25.0M
$8.1M
Q2 24
$-23.2M
$17.6M
Q1 24
$-23.4M
$9.3M
Gross Margin
ILPT
ILPT
MDXG
MDXG
Q4 25
83.9%
Q3 25
83.5%
Q2 25
81.1%
Q1 25
81.2%
Q4 24
81.8%
Q3 24
81.8%
Q2 24
83.0%
Q1 24
84.7%
Operating Margin
ILPT
ILPT
MDXG
MDXG
Q4 25
-22.1%
17.8%
Q3 25
-29.4%
19.5%
Q2 25
-30.8%
12.5%
Q1 25
-26.9%
9.4%
Q4 24
-31.1%
11.9%
Q3 24
-33.5%
13.3%
Q2 24
-32.4%
26.9%
Q1 24
-31.7%
15.6%
Net Margin
ILPT
ILPT
MDXG
MDXG
Q4 25
-1.6%
12.9%
Q3 25
-19.4%
14.7%
Q2 25
-19.0%
9.8%
Q1 25
-19.2%
8.0%
Q4 24
-21.8%
8.0%
Q3 24
-22.9%
9.6%
Q2 24
-20.9%
20.2%
Q1 24
-20.9%
10.9%
EPS (diluted)
ILPT
ILPT
MDXG
MDXG
Q4 25
$-0.02
$0.10
Q3 25
$-0.33
$0.11
Q2 25
$-0.32
$0.06
Q1 25
$-0.33
$0.05
Q4 24
$-0.37
$0.05
Q3 24
$-0.38
$0.05
Q2 24
$-0.35
$0.12
Q1 24
$-0.36
$0.06

Balance Sheet & Financial Strength

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

Metric
ILPT
ILPT
MDXG
MDXG
Cash + ST InvestmentsLiquidity on hand
$94.8M
$166.1M
Total DebtLower is stronger
$4.2B
$18.0M
Stockholders' EquityBook value
$489.7M
$256.5M
Total Assets
$5.2B
$342.7M
Debt / EquityLower = less leverage
8.56×
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ILPT
ILPT
MDXG
MDXG
Q4 25
$94.8M
$166.1M
Q3 25
$83.2M
$142.1M
Q2 25
$58.6M
$118.9M
Q1 25
$108.0M
$106.4M
Q4 24
$131.7M
$104.4M
Q3 24
$153.9M
$88.8M
Q2 24
$146.2M
$69.0M
Q1 24
$128.4M
$48.5M
Total Debt
ILPT
ILPT
MDXG
MDXG
Q4 25
$4.2B
$18.0M
Q3 25
$4.2B
Q2 25
$4.2B
Q1 25
$4.3B
Q4 24
$4.3B
$19.0M
Q3 24
$4.3B
Q2 24
$4.3B
Q1 24
$4.3B
Stockholders' Equity
ILPT
ILPT
MDXG
MDXG
Q4 25
$489.7M
$256.5M
Q3 25
$494.1M
$238.9M
Q2 25
$519.1M
$216.6M
Q1 25
$539.5M
$202.8M
Q4 24
$562.0M
$193.1M
Q3 24
$585.9M
$181.0M
Q2 24
$618.3M
$168.0M
Q1 24
$643.2M
$155.7M
Total Assets
ILPT
ILPT
MDXG
MDXG
Q4 25
$5.2B
$342.7M
Q3 25
$5.2B
$319.0M
Q2 25
$5.2B
$291.1M
Q1 25
$5.4B
$270.4M
Q4 24
$5.4B
$263.9M
Q3 24
$5.5B
$243.9M
Q2 24
$5.5B
$230.2M
Q1 24
$5.5B
$221.7M
Debt / Equity
ILPT
ILPT
MDXG
MDXG
Q4 25
8.56×
0.07×
Q3 25
8.49×
Q2 25
8.09×
Q1 25
7.96×
Q4 24
7.65×
0.10×
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
ILPT
ILPT
MDXG
MDXG
Operating Cash FlowLast quarter
$60.7M
$25.0M
Free Cash FlowOCF − Capex
$42.0M
FCF MarginFCF / Revenue
36.9%
Capex IntensityCapex / Revenue
16.4%
Cash ConversionOCF / Net Profit
1.64×
TTM Free Cash FlowTrailing 4 quarters
$79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ILPT
ILPT
MDXG
MDXG
Q4 25
$60.7M
$25.0M
Q3 25
$22.7M
$29.3M
Q2 25
$18.4M
$14.4M
Q1 25
$11.4M
$5.3M
Q4 24
$2.0M
$18.8M
Q3 24
$-3.4M
$19.6M
Q2 24
$10.8M
$21.8M
Q1 24
$8.0M
$6.0M
Free Cash Flow
ILPT
ILPT
MDXG
MDXG
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
MDXG
MDXG
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
MDXG
MDXG
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
MDXG
MDXG
Q4 25
1.64×
Q3 25
1.75×
Q2 25
1.50×
Q1 25
0.75×
Q4 24
2.53×
Q3 24
2.42×
Q2 24
1.24×
Q1 24
0.65×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ILPT
ILPT

Segment breakdown not available.

MDXG
MDXG

Wound$78.7M67%
Surgical$39.4M33%

Related Comparisons