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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and OLAPLEX HOLDINGS, INC. (OLPX). Click either name above to swap in a different company.
Industrial Logistics Properties Trust is the larger business by last-quarter revenue ($113.9M vs $105.1M, roughly 1.1× OLAPLEX HOLDINGS, INC.). Industrial Logistics Properties Trust runs the higher net margin — -1.6% vs -12.5%, a 10.9% gap on every dollar of revenue. On growth, OLAPLEX HOLDINGS, INC. posted the faster year-over-year revenue change (4.3% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $32.6M). Over the past eight quarters, OLAPLEX HOLDINGS, INC.'s revenue compounded faster (3.1% 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.
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
ILPT vs OLPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $105.1M |
| Net Profit | $-1.8M | $-13.1M |
| Gross Margin | — | 68.0% |
| Operating Margin | -22.1% | -4.3% |
| Net Margin | -1.6% | -12.5% |
| Revenue YoY | 3.1% | 4.3% |
| Net Profit YoY | 92.6% | -48.9% |
| EPS (diluted) | $-0.02 | $-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 | $105.1M | ||
| Q3 25 | $110.9M | $114.6M | ||
| Q2 25 | $112.1M | $106.3M | ||
| Q1 25 | $111.9M | $97.0M | ||
| Q4 24 | $110.5M | $100.7M | ||
| Q3 24 | $108.9M | $119.1M | ||
| Q2 24 | $110.6M | $103.9M | ||
| Q1 24 | $112.2M | $98.9M |
| Q4 25 | $-1.8M | $-13.1M | ||
| Q3 25 | $-21.6M | $11.1M | ||
| Q2 25 | $-21.3M | $-7.7M | ||
| Q1 25 | $-21.5M | $465.0K | ||
| Q4 24 | $-24.1M | $-8.8M | ||
| Q3 24 | $-25.0M | $14.8M | ||
| Q2 24 | $-23.2M | $5.8M | ||
| Q1 24 | $-23.4M | $7.7M |
| Q4 25 | — | 68.0% | ||
| Q3 25 | — | 69.1% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 69.5% | ||
| Q4 24 | — | 66.3% | ||
| Q3 24 | — | 68.6% | ||
| Q2 24 | — | 69.7% | ||
| Q1 24 | — | 72.1% |
| Q4 25 | -22.1% | -4.3% | ||
| Q3 25 | -29.4% | 3.7% | ||
| Q2 25 | -30.8% | -1.1% | ||
| Q1 25 | -26.9% | 8.7% | ||
| Q4 24 | -31.1% | 3.0% | ||
| Q3 24 | -33.5% | 23.5% | ||
| Q2 24 | -32.4% | 15.7% | ||
| Q1 24 | -31.7% | 19.8% |
| Q4 25 | -1.6% | -12.5% | ||
| Q3 25 | -19.4% | 9.7% | ||
| Q2 25 | -19.0% | -7.3% | ||
| Q1 25 | -19.2% | 0.5% | ||
| Q4 24 | -21.8% | -8.7% | ||
| Q3 24 | -22.9% | 12.4% | ||
| Q2 24 | -20.9% | 5.6% | ||
| Q1 24 | -20.9% | 7.8% |
| Q4 25 | $-0.02 | $-0.02 | ||
| Q3 25 | $-0.33 | $0.02 | ||
| Q2 25 | $-0.32 | $-0.01 | ||
| Q1 25 | $-0.33 | $0.00 | ||
| Q4 24 | $-0.37 | $-0.01 | ||
| Q3 24 | $-0.38 | $0.02 | ||
| Q2 24 | $-0.35 | $0.01 | ||
| Q1 24 | $-0.36 | $0.01 |
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 | $318.7M |
| Total DebtLower is stronger | $4.2B | $352.3M |
| Stockholders' EquityBook value | $489.7M | $879.4M |
| Total Assets | $5.2B | $1.5B |
| Debt / EquityLower = less leverage | 8.56× | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | $318.7M | ||
| Q3 25 | $83.2M | $286.4M | ||
| Q2 25 | $58.6M | $289.3M | ||
| Q1 25 | $108.0M | $580.9M | ||
| Q4 24 | $131.7M | $586.0M | ||
| Q3 24 | $153.9M | $538.8M | ||
| Q2 24 | $146.2M | $507.9M | ||
| Q1 24 | $128.4M | $507.5M |
| Q4 25 | $4.2B | $352.3M | ||
| Q3 25 | $4.2B | $352.1M | ||
| Q2 25 | $4.2B | $351.9M | ||
| Q1 25 | $4.3B | $649.1M | ||
| Q4 24 | $4.3B | $650.5M | ||
| Q3 24 | $4.3B | $651.8M | ||
| Q2 24 | $4.3B | $653.1M | ||
| Q1 24 | $4.3B | $654.4M |
| Q4 25 | $489.7M | $879.4M | ||
| Q3 25 | $494.1M | $888.7M | ||
| Q2 25 | $519.1M | $874.2M | ||
| Q1 25 | $539.5M | $878.3M | ||
| Q4 24 | $562.0M | $874.4M | ||
| Q3 24 | $585.9M | $879.7M | ||
| Q2 24 | $618.3M | $863.3M | ||
| Q1 24 | $643.2M | $855.7M |
| Q4 25 | $5.2B | $1.5B | ||
| Q3 25 | $5.2B | $1.5B | ||
| Q2 25 | $5.2B | $1.5B | ||
| Q1 25 | $5.4B | $1.8B | ||
| Q4 24 | $5.4B | $1.8B | ||
| Q3 24 | $5.5B | $1.8B | ||
| Q2 24 | $5.5B | $1.8B | ||
| Q1 24 | $5.5B | $1.8B |
| Q4 25 | 8.56× | 0.40× | ||
| Q3 25 | 8.49× | 0.40× | ||
| Q2 25 | 8.09× | 0.40× | ||
| Q1 25 | 7.96× | 0.74× | ||
| Q4 24 | 7.65× | 0.74× | ||
| Q3 24 | 7.35× | 0.74× | ||
| Q2 24 | 6.96× | 0.76× | ||
| Q1 24 | 6.70× | 0.76× |
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 | $32.7M |
| Free Cash FlowOCF − Capex | $42.0M | $32.6M |
| FCF MarginFCF / Revenue | 36.9% | 31.0% |
| Capex IntensityCapex / Revenue | 16.4% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $58.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | $32.7M | ||
| Q3 25 | $22.7M | $8.0M | ||
| Q2 25 | $18.4M | $20.9M | ||
| Q1 25 | $11.4M | $-2.9M | ||
| Q4 24 | $2.0M | $49.7M | ||
| Q3 24 | $-3.4M | $33.5M | ||
| Q2 24 | $10.8M | $16.2M | ||
| Q1 24 | $8.0M | $43.7M |
| Q4 25 | $42.0M | $32.6M | ||
| Q3 25 | $17.6M | $7.9M | ||
| Q2 25 | $15.2M | $20.8M | ||
| Q1 25 | $5.0M | $-3.0M | ||
| Q4 24 | $-3.7M | $49.2M | ||
| Q3 24 | $-5.9M | $33.3M | ||
| Q2 24 | $9.4M | $16.1M | ||
| Q1 24 | $5.9M | $43.3M |
| Q4 25 | 36.9% | 31.0% | ||
| Q3 25 | 15.9% | 6.9% | ||
| Q2 25 | 13.5% | 19.6% | ||
| Q1 25 | 4.5% | -3.1% | ||
| Q4 24 | -3.4% | 48.9% | ||
| Q3 24 | -5.5% | 28.0% | ||
| Q2 24 | 8.5% | 15.5% | ||
| Q1 24 | 5.2% | 43.7% |
| Q4 25 | 16.4% | 0.1% | ||
| Q3 25 | 4.6% | 0.1% | ||
| Q2 25 | 2.9% | 0.1% | ||
| Q1 25 | 5.7% | 0.0% | ||
| Q4 24 | 5.2% | 0.4% | ||
| Q3 24 | 2.3% | 0.1% | ||
| Q2 24 | 1.3% | 0.1% | ||
| Q1 24 | 1.9% | 0.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -6.27× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.26× | ||
| Q2 24 | — | 2.81× | ||
| Q1 24 | — | 5.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ILPT
Segment breakdown not available.
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
