vs

Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and OneStream, Inc. (OS). Click either name above to swap in a different company.

OneStream, Inc. is the larger business by last-quarter revenue ($163.7M vs $113.9M, roughly 1.4× Industrial Logistics Properties Trust). OneStream, Inc. runs the higher net margin — 0.6% vs -1.6%, a 2.2% gap on every dollar of revenue. On growth, OneStream, Inc. posted the faster year-over-year revenue change (23.6% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $25.6M). Over the past eight quarters, OneStream, Inc.'s revenue compounded faster (21.8% 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.

Blue Stream provides cable television, cable telephone, DVR, and up to 1 GIG Internet speed broadband services to customers in the Florida communities of Coral Springs and Weston.

ILPT vs OS — Head-to-Head

Bigger by revenue
OS
OS
1.4× larger
OS
$163.7M
$113.9M
ILPT
Growing faster (revenue YoY)
OS
OS
+20.5% gap
OS
23.6%
3.1%
ILPT
Higher net margin
OS
OS
2.2% more per $
OS
0.6%
-1.6%
ILPT
More free cash flow
ILPT
ILPT
$16.4M more FCF
ILPT
$42.0M
$25.6M
OS
Faster 2-yr revenue CAGR
OS
OS
Annualised
OS
21.8%
0.7%
ILPT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ILPT
ILPT
OS
OS
Revenue
$113.9M
$163.7M
Net Profit
$-1.8M
$999.0K
Gross Margin
69.8%
Operating Margin
-22.1%
-3.2%
Net Margin
-1.6%
0.6%
Revenue YoY
3.1%
23.6%
Net Profit YoY
92.6%
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.

Revenue
ILPT
ILPT
OS
OS
Q4 25
$113.9M
$163.7M
Q3 25
$110.9M
$154.3M
Q2 25
$112.1M
$147.6M
Q1 25
$111.9M
$136.3M
Q4 24
$110.5M
$132.5M
Q3 24
$108.9M
$129.1M
Q2 24
$110.6M
$117.5M
Q1 24
$112.2M
$110.3M
Net Profit
ILPT
ILPT
OS
OS
Q4 25
$-1.8M
$999.0K
Q3 25
$-21.6M
$-8.8M
Q2 25
$-21.3M
$-18.4M
Q1 25
$-21.5M
$-24.0M
Q4 24
$-24.1M
Q3 24
$-25.0M
$-171.9M
Q2 24
$-23.2M
$-7.8M
Q1 24
$-23.4M
$-5.0M
Gross Margin
ILPT
ILPT
OS
OS
Q4 25
69.8%
Q3 25
68.1%
Q2 25
68.6%
Q1 25
68.0%
Q4 24
66.8%
Q3 24
50.1%
Q2 24
68.5%
Q1 24
69.1%
Operating Margin
ILPT
ILPT
OS
OS
Q4 25
-22.1%
-3.2%
Q3 25
-29.4%
-11.3%
Q2 25
-30.8%
-21.8%
Q1 25
-26.9%
-29.3%
Q4 24
-31.1%
-35.8%
Q3 24
-33.5%
-197.6%
Q2 24
-32.4%
-9.8%
Q1 24
-31.7%
-4.9%
Net Margin
ILPT
ILPT
OS
OS
Q4 25
-1.6%
0.6%
Q3 25
-19.4%
-5.7%
Q2 25
-19.0%
-12.5%
Q1 25
-19.2%
-17.6%
Q4 24
-21.8%
Q3 24
-22.9%
-133.1%
Q2 24
-20.9%
-6.7%
Q1 24
-20.9%
-4.5%
EPS (diluted)
ILPT
ILPT
OS
OS
Q4 25
$-0.02
Q3 25
$-0.33
Q2 25
$-0.32
Q1 25
$-0.33
Q4 24
$-0.37
Q3 24
$-0.38
$-1.06
Q2 24
$-0.35
Q1 24
$-0.36

Balance Sheet & Financial Strength

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

Metric
ILPT
ILPT
OS
OS
Cash + ST InvestmentsLiquidity on hand
$94.8M
$693.6M
Total DebtLower is stronger
$4.2B
Stockholders' EquityBook value
$489.7M
$504.7M
Total Assets
$5.2B
$1.0B
Debt / EquityLower = less leverage
8.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ILPT
ILPT
OS
OS
Q4 25
$94.8M
$693.6M
Q3 25
$83.2M
$653.9M
Q2 25
$58.6M
$652.1M
Q1 25
$108.0M
$593.9M
Q4 24
$131.7M
$544.2M
Q3 24
$153.9M
$495.5M
Q2 24
$146.2M
$140.5M
Q1 24
$128.4M
Total Debt
ILPT
ILPT
OS
OS
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
Stockholders' Equity
ILPT
ILPT
OS
OS
Q4 25
$489.7M
$504.7M
Q3 25
$494.1M
$472.1M
Q2 25
$519.1M
$458.2M
Q1 25
$539.5M
$412.9M
Q4 24
$562.0M
$386.2M
Q3 24
$585.9M
$458.2M
Q2 24
$618.3M
$97.5M
Q1 24
$643.2M
$102.5M
Total Assets
ILPT
ILPT
OS
OS
Q4 25
$5.2B
$1.0B
Q3 25
$5.2B
$949.4M
Q2 25
$5.2B
$910.5M
Q1 25
$5.4B
$867.3M
Q4 24
$5.4B
$823.2M
Q3 24
$5.5B
$750.1M
Q2 24
$5.5B
$379.7M
Q1 24
$5.5B
Debt / Equity
ILPT
ILPT
OS
OS
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
ILPT
ILPT
OS
OS
Operating Cash FlowLast quarter
$60.7M
$25.8M
Free Cash FlowOCF − Capex
$42.0M
$25.6M
FCF MarginFCF / Revenue
36.9%
15.7%
Capex IntensityCapex / Revenue
16.4%
0.1%
Cash ConversionOCF / Net Profit
25.79×
TTM Free Cash FlowTrailing 4 quarters
$79.8M
$95.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ILPT
ILPT
OS
OS
Q4 25
$60.7M
$25.8M
Q3 25
$22.7M
$5.0M
Q2 25
$18.4M
$29.7M
Q1 25
$11.4M
$36.2M
Q4 24
$2.0M
Q3 24
$-3.4M
$2.4M
Q2 24
$10.8M
$8.1M
Q1 24
$8.0M
$25.5M
Free Cash Flow
ILPT
ILPT
OS
OS
Q4 25
$42.0M
$25.6M
Q3 25
$17.6M
$4.8M
Q2 25
$15.2M
$29.4M
Q1 25
$5.0M
$35.8M
Q4 24
$-3.7M
Q3 24
$-5.9M
$1.3M
Q2 24
$9.4M
$7.7M
Q1 24
$5.9M
$24.9M
FCF Margin
ILPT
ILPT
OS
OS
Q4 25
36.9%
15.7%
Q3 25
15.9%
3.1%
Q2 25
13.5%
19.9%
Q1 25
4.5%
26.3%
Q4 24
-3.4%
Q3 24
-5.5%
1.0%
Q2 24
8.5%
6.6%
Q1 24
5.2%
22.5%
Capex Intensity
ILPT
ILPT
OS
OS
Q4 25
16.4%
0.1%
Q3 25
4.6%
0.1%
Q2 25
2.9%
0.2%
Q1 25
5.7%
0.3%
Q4 24
5.2%
Q3 24
2.3%
0.8%
Q2 24
1.3%
0.3%
Q1 24
1.9%
0.6%
Cash Conversion
ILPT
ILPT
OS
OS
Q4 25
25.79×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ILPT
ILPT

Segment breakdown not available.

OS
OS

Subscription And Circulation$150.3M92%
Professional Services And Other$9.4M6%
License$4.0M2%

Related Comparisons