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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
Ramaco Resources, Inc. is the larger business by last-quarter revenue ($121.0M vs $113.9M, roughly 1.1× Industrial Logistics Properties Trust). Industrial Logistics Properties Trust runs the higher net margin — -1.6% vs -11.0%, a 9.4% gap on every dollar of revenue. On growth, Industrial Logistics Properties Trust posted the faster year-over-year revenue change (3.1% vs -27.7%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $-17.5M). Over the past eight quarters, Industrial Logistics Properties Trust's revenue compounded faster (0.7% CAGR vs -22.7%).
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.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
ILPT vs METC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $121.0M |
| Net Profit | $-1.8M | $-13.3M |
| Gross Margin | — | 15.8% |
| Operating Margin | -22.1% | -12.0% |
| Net Margin | -1.6% | -11.0% |
| Revenue YoY | 3.1% | -27.7% |
| Net Profit YoY | 92.6% | -5468.2% |
| EPS (diluted) | $-0.02 | — |
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 | — | ||
| Q3 25 | $110.9M | $121.0M | ||
| Q2 25 | $112.1M | $153.0M | ||
| Q1 25 | $111.9M | $134.7M | ||
| Q4 24 | $110.5M | $170.9M | ||
| Q3 24 | $108.9M | $167.4M | ||
| Q2 24 | $110.6M | $155.3M | ||
| Q1 24 | $112.2M | $172.7M |
| Q4 25 | $-1.8M | — | ||
| Q3 25 | $-21.6M | $-13.3M | ||
| Q2 25 | $-21.3M | $-14.0M | ||
| Q1 25 | $-21.5M | $-9.5M | ||
| Q4 24 | $-24.1M | $3.9M | ||
| Q3 24 | $-25.0M | $-239.0K | ||
| Q2 24 | $-23.2M | $5.5M | ||
| Q1 24 | $-23.4M | $2.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | -22.1% | — | ||
| Q3 25 | -29.4% | -12.0% | ||
| Q2 25 | -30.8% | -9.1% | ||
| Q1 25 | -26.9% | -8.9% | ||
| Q4 24 | -31.1% | 3.7% | ||
| Q3 24 | -33.5% | 1.0% | ||
| Q2 24 | -32.4% | 3.5% | ||
| Q1 24 | -31.7% | 1.9% |
| Q4 25 | -1.6% | — | ||
| Q3 25 | -19.4% | -11.0% | ||
| Q2 25 | -19.0% | -9.1% | ||
| Q1 25 | -19.2% | -7.0% | ||
| Q4 24 | -21.8% | 2.3% | ||
| Q3 24 | -22.9% | -0.1% | ||
| Q2 24 | -20.9% | 3.6% | ||
| Q1 24 | -20.9% | 1.2% |
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $-0.33 | — | ||
| Q2 25 | $-0.32 | — | ||
| Q1 25 | $-0.33 | — | ||
| Q4 24 | $-0.37 | $0.06 | ||
| Q3 24 | $-0.38 | $-0.03 | ||
| Q2 24 | $-0.35 | $0.08 | ||
| Q1 24 | $-0.36 | $0.00 |
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 | $193.8M |
| Total DebtLower is stronger | $4.2B | $116.3M |
| Stockholders' EquityBook value | $489.7M | $526.9M |
| Total Assets | $5.2B | $849.7M |
| Debt / EquityLower = less leverage | 8.56× | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | — | ||
| Q3 25 | $83.2M | $193.8M | ||
| Q2 25 | $58.6M | $28.1M | ||
| Q1 25 | $108.0M | $43.5M | ||
| Q4 24 | $131.7M | $33.0M | ||
| Q3 24 | $153.9M | $22.9M | ||
| Q2 24 | $146.2M | $27.6M | ||
| Q1 24 | $128.4M | $30.5M |
| Q4 25 | $4.2B | — | ||
| Q3 25 | $4.2B | $116.3M | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.3B | $88.2M | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.3B | — |
| Q4 25 | $489.7M | — | ||
| Q3 25 | $494.1M | $526.9M | ||
| Q2 25 | $519.1M | $347.4M | ||
| Q1 25 | $539.5M | $355.2M | ||
| Q4 24 | $562.0M | $362.8M | ||
| Q3 24 | $585.9M | $361.8M | ||
| Q2 24 | $618.3M | $366.1M | ||
| Q1 24 | $643.2M | $372.3M |
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.2B | $849.7M | ||
| Q2 25 | $5.2B | $674.6M | ||
| Q1 25 | $5.4B | $685.7M | ||
| Q4 24 | $5.4B | $674.7M | ||
| Q3 24 | $5.5B | $645.4M | ||
| Q2 24 | $5.5B | $659.2M | ||
| Q1 24 | $5.5B | $674.0M |
| Q4 25 | 8.56× | — | ||
| Q3 25 | 8.49× | 0.22× | ||
| Q2 25 | 8.09× | — | ||
| Q1 25 | 7.96× | — | ||
| Q4 24 | 7.65× | 0.24× | ||
| 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 | $-1.4M |
| Free Cash FlowOCF − Capex | $42.0M | $-17.5M |
| FCF MarginFCF / Revenue | 36.9% | -14.5% |
| Capex IntensityCapex / Revenue | 16.4% | 13.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | — | ||
| Q3 25 | $22.7M | $-1.4M | ||
| Q2 25 | $18.4M | $-4.3M | ||
| Q1 25 | $11.4M | $26.0M | ||
| Q4 24 | $2.0M | $15.7M | ||
| Q3 24 | $-3.4M | $37.4M | ||
| Q2 24 | $10.8M | $34.4M | ||
| Q1 24 | $8.0M | $25.2M |
| Q4 25 | $42.0M | — | ||
| Q3 25 | $17.6M | $-17.5M | ||
| Q2 25 | $15.2M | $-19.8M | ||
| Q1 25 | $5.0M | $7.6M | ||
| Q4 24 | $-3.7M | $5.1M | ||
| Q3 24 | $-5.9M | $25.6M | ||
| Q2 24 | $9.4M | $20.3M | ||
| Q1 24 | $5.9M | $6.5M |
| Q4 25 | 36.9% | — | ||
| Q3 25 | 15.9% | -14.5% | ||
| Q2 25 | 13.5% | -13.0% | ||
| Q1 25 | 4.5% | 5.6% | ||
| Q4 24 | -3.4% | 3.0% | ||
| Q3 24 | -5.5% | 15.3% | ||
| Q2 24 | 8.5% | 13.1% | ||
| Q1 24 | 5.2% | 3.7% |
| Q4 25 | 16.4% | — | ||
| Q3 25 | 4.6% | 13.3% | ||
| Q2 25 | 2.9% | 10.2% | ||
| Q1 25 | 5.7% | 13.7% | ||
| Q4 24 | 5.2% | 6.2% | ||
| Q3 24 | 2.3% | 7.0% | ||
| Q2 24 | 1.3% | 9.1% | ||
| Q1 24 | 1.9% | 10.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 6.21× | ||
| Q1 24 | — | 12.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ILPT
Segment breakdown not available.
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
