vs
Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and MOVADO GROUP INC (MOV). Click either name above to swap in a different company.
MOVADO GROUP INC is the larger business by last-quarter revenue ($186.1M vs $113.9M, roughly 1.6× Industrial Logistics Properties Trust). MOVADO GROUP INC runs the higher net margin — 5.1% vs -1.6%, a 6.7% gap on every dollar of revenue. On growth, Industrial Logistics Properties Trust posted the faster year-over-year revenue change (3.1% vs 1.9%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $11.6M). Over the past eight quarters, MOVADO GROUP INC's revenue compounded faster (2.9% 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.
Movado is a luxury American watch brand originally founded in 1881 in Switzerland. Movado means "movement" in Esperanto. The watches are known for their signature metallic dot at 12 o'clock and minimalist style; the company is best known for its Museum Watch.
ILPT vs MOV — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $186.1M |
| Net Profit | $-1.8M | $9.6M |
| Gross Margin | — | 54.3% |
| Operating Margin | -22.1% | 6.3% |
| Net Margin | -1.6% | 5.1% |
| Revenue YoY | 3.1% | 1.9% |
| Net Profit YoY | 92.6% | 89.8% |
| EPS (diluted) | $-0.02 | $0.42 |
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 | $186.1M | ||
| Q3 25 | $110.9M | $161.8M | ||
| Q2 25 | $112.1M | $131.8M | ||
| Q1 25 | $111.9M | $181.5M | ||
| Q4 24 | $110.5M | $180.5M | ||
| Q3 24 | $108.9M | $157.0M | ||
| Q2 24 | $110.6M | $134.4M | ||
| Q1 24 | $112.2M | $175.8M |
| Q4 25 | $-1.8M | $9.6M | ||
| Q3 25 | $-21.6M | $3.0M | ||
| Q2 25 | $-21.3M | $1.4M | ||
| Q1 25 | $-21.5M | $8.1M | ||
| Q4 24 | $-24.1M | $4.8M | ||
| Q3 24 | $-25.0M | $3.5M | ||
| Q2 24 | $-23.2M | $2.0M | ||
| Q1 24 | $-23.4M | $9.8M |
| Q4 25 | — | 54.3% | ||
| Q3 25 | — | 54.1% | ||
| Q2 25 | — | 54.1% | ||
| Q1 25 | — | 54.2% | ||
| Q4 24 | — | 53.5% | ||
| Q3 24 | — | 54.3% | ||
| Q2 24 | — | 54.3% | ||
| Q1 24 | — | 53.5% |
| Q4 25 | -22.1% | 6.3% | ||
| Q3 25 | -29.4% | 2.5% | ||
| Q2 25 | -30.8% | 0.2% | ||
| Q1 25 | -26.9% | 5.1% | ||
| Q4 24 | -31.1% | 3.3% | ||
| Q3 24 | -33.5% | 1.7% | ||
| Q2 24 | -32.4% | 1.6% | ||
| Q1 24 | -31.7% | 6.1% |
| Q4 25 | -1.6% | 5.1% | ||
| Q3 25 | -19.4% | 1.8% | ||
| Q2 25 | -19.0% | 1.1% | ||
| Q1 25 | -19.2% | 4.4% | ||
| Q4 24 | -21.8% | 2.7% | ||
| Q3 24 | -22.9% | 2.2% | ||
| Q2 24 | -20.9% | 1.5% | ||
| Q1 24 | -20.9% | 5.6% |
| Q4 25 | $-0.02 | $0.42 | ||
| Q3 25 | $-0.33 | $0.13 | ||
| Q2 25 | $-0.32 | $0.06 | ||
| Q1 25 | $-0.33 | $0.36 | ||
| Q4 24 | $-0.37 | $0.21 | ||
| Q3 24 | $-0.38 | $0.15 | ||
| Q2 24 | $-0.35 | $0.09 | ||
| Q1 24 | $-0.36 | $0.44 |
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 | $183.9M |
| Total DebtLower is stronger | $4.2B | — |
| Stockholders' EquityBook value | $489.7M | $497.5M |
| Total Assets | $5.2B | $751.9M |
| Debt / EquityLower = less leverage | 8.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | $183.9M | ||
| Q3 25 | $83.2M | $180.5M | ||
| Q2 25 | $58.6M | $203.1M | ||
| Q1 25 | $108.0M | $208.5M | ||
| Q4 24 | $131.7M | $181.5M | ||
| Q3 24 | $153.9M | $198.3M | ||
| Q2 24 | $146.2M | $225.4M | ||
| Q1 24 | $128.4M | $262.1M |
| 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 | $497.5M | ||
| Q3 25 | $494.1M | $489.9M | ||
| Q2 25 | $519.1M | $493.2M | ||
| Q1 25 | $539.5M | $481.3M | ||
| Q4 24 | $562.0M | $491.3M | ||
| Q3 24 | $585.9M | $492.0M | ||
| Q2 24 | $618.3M | $489.6M | ||
| Q1 24 | $643.2M | $505.9M |
| Q4 25 | $5.2B | $751.9M | ||
| Q3 25 | $5.2B | $748.7M | ||
| Q2 25 | $5.2B | $747.2M | ||
| Q1 25 | $5.4B | $729.2M | ||
| Q4 24 | $5.4B | $747.2M | ||
| Q3 24 | $5.5B | $742.5M | ||
| Q2 24 | $5.5B | $736.0M | ||
| Q1 24 | $5.5B | $756.5M |
| 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 | $12.3M |
| Free Cash FlowOCF − Capex | $42.0M | $11.6M |
| FCF MarginFCF / Revenue | 36.9% | 6.2% |
| Capex IntensityCapex / Revenue | 16.4% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | $12.3M | ||
| Q3 25 | $22.7M | $-3.8M | ||
| Q2 25 | $18.4M | $-7.2M | ||
| Q1 25 | $11.4M | $39.1M | ||
| Q4 24 | $2.0M | $-4.7M | ||
| Q3 24 | $-3.4M | $-17.8M | ||
| Q2 24 | $10.8M | $-18.1M | ||
| Q1 24 | $8.0M | $69.4M |
| Q4 25 | $42.0M | $11.6M | ||
| Q3 25 | $17.6M | $-5.1M | ||
| Q2 25 | $15.2M | $-8.7M | ||
| Q1 25 | $5.0M | $37.5M | ||
| Q4 24 | $-3.7M | $-7.2M | ||
| Q3 24 | $-5.9M | $-20.1M | ||
| Q2 24 | $9.4M | $-19.7M | ||
| Q1 24 | $5.9M | $67.8M |
| Q4 25 | 36.9% | 6.2% | ||
| Q3 25 | 15.9% | -3.1% | ||
| Q2 25 | 13.5% | -6.6% | ||
| Q1 25 | 4.5% | 20.7% | ||
| Q4 24 | -3.4% | -4.0% | ||
| Q3 24 | -5.5% | -12.8% | ||
| Q2 24 | 8.5% | -14.7% | ||
| Q1 24 | 5.2% | 38.6% |
| Q4 25 | 16.4% | 0.4% | ||
| Q3 25 | 4.6% | 0.8% | ||
| Q2 25 | 2.9% | 1.2% | ||
| Q1 25 | 5.7% | 0.9% | ||
| Q4 24 | 5.2% | 1.4% | ||
| Q3 24 | 2.3% | 1.5% | ||
| Q2 24 | 1.3% | 1.2% | ||
| Q1 24 | 1.9% | 0.9% |
| Q4 25 | — | 1.28× | ||
| Q3 25 | — | -1.27× | ||
| Q2 25 | — | -5.08× | ||
| Q1 25 | — | 4.86× | ||
| Q4 24 | — | -0.98× | ||
| Q3 24 | — | -5.14× | ||
| Q2 24 | — | -8.97× | ||
| Q1 24 | — | 7.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ILPT
Segment breakdown not available.
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
