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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and Ouster, Inc. (OUST). 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 $62.2M, roughly 1.8× Ouster, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $-37.2M). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% 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.
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
ILPT vs OUST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $62.2M |
| Net Profit | $-1.8M | — |
| Gross Margin | — | 60.2% |
| Operating Margin | -22.1% | 1.5% |
| Net Margin | -1.6% | — |
| Revenue YoY | 3.1% | 106.6% |
| Net Profit YoY | 92.6% | — |
| 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.
| Q4 25 | $113.9M | $62.2M | ||
| Q3 25 | $110.9M | $39.5M | ||
| Q2 25 | $112.1M | $35.0M | ||
| Q1 25 | $111.9M | $32.6M | ||
| Q4 24 | $110.5M | $30.1M | ||
| Q3 24 | $108.9M | $28.1M | ||
| Q2 24 | $110.6M | $27.0M | ||
| Q1 24 | $112.2M | $25.9M |
| Q4 25 | $-1.8M | — | ||
| Q3 25 | $-21.6M | $-21.7M | ||
| Q2 25 | $-21.3M | $-20.6M | ||
| Q1 25 | $-21.5M | $-22.0M | ||
| Q4 24 | $-24.1M | — | ||
| Q3 24 | $-25.0M | $-25.6M | ||
| Q2 24 | $-23.2M | $-23.9M | ||
| Q1 24 | $-23.4M | $-23.8M |
| Q4 25 | — | 60.2% | ||
| Q3 25 | — | 42.1% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | — | 41.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 33.7% | ||
| Q1 24 | — | 28.6% |
| Q4 25 | -22.1% | 1.5% | ||
| Q3 25 | -29.4% | -61.4% | ||
| Q2 25 | -30.8% | -76.5% | ||
| Q1 25 | -26.9% | -73.0% | ||
| Q4 24 | -31.1% | -85.1% | ||
| Q3 24 | -33.5% | -98.0% | ||
| Q2 24 | -32.4% | -93.6% | ||
| Q1 24 | -31.7% | -99.5% |
| Q4 25 | -1.6% | — | ||
| Q3 25 | -19.4% | -55.0% | ||
| Q2 25 | -19.0% | -58.8% | ||
| Q1 25 | -19.2% | -67.5% | ||
| Q4 24 | -21.8% | — | ||
| Q3 24 | -22.9% | -91.1% | ||
| Q2 24 | -20.9% | -88.4% | ||
| Q1 24 | -20.9% | -91.9% |
| Q4 25 | $-0.02 | $0.10 | ||
| Q3 25 | $-0.33 | $-0.37 | ||
| Q2 25 | $-0.32 | $-0.38 | ||
| Q1 25 | $-0.33 | $-0.42 | ||
| Q4 24 | $-0.37 | $-0.46 | ||
| Q3 24 | $-0.38 | $-0.54 | ||
| Q2 24 | $-0.35 | $-0.53 | ||
| Q1 24 | $-0.36 | $-0.55 |
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 | $208.6M |
| Total DebtLower is stronger | $4.2B | — |
| Stockholders' EquityBook value | $489.7M | $261.7M |
| Total Assets | $5.2B | $349.5M |
| Debt / EquityLower = less leverage | 8.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | $208.6M | ||
| Q3 25 | $83.2M | $244.5M | ||
| Q2 25 | $58.6M | $226.5M | ||
| Q1 25 | $108.0M | $168.2M | ||
| Q4 24 | $131.7M | $172.0M | ||
| Q3 24 | $153.9M | $151.4M | ||
| Q2 24 | $146.2M | $184.2M | ||
| Q1 24 | $128.4M | $187.8M |
| 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 | $261.7M | ||
| Q3 25 | $494.1M | $247.4M | ||
| Q2 25 | $519.1M | $221.0M | ||
| Q1 25 | $539.5M | $167.9M | ||
| Q4 24 | $562.0M | $180.9M | ||
| Q3 24 | $585.9M | $171.7M | ||
| Q2 24 | $618.3M | $170.6M | ||
| Q1 24 | $643.2M | $167.2M |
| Q4 25 | $5.2B | $349.5M | ||
| Q3 25 | $5.2B | $353.8M | ||
| Q2 25 | $5.2B | $321.8M | ||
| Q1 25 | $5.4B | $268.6M | ||
| Q4 24 | $5.4B | $276.1M | ||
| Q3 24 | $5.5B | $255.2M | ||
| Q2 24 | $5.5B | $309.9M | ||
| Q1 24 | $5.5B | $317.7M |
| 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 | $-15.4M |
| Free Cash FlowOCF − Capex | $42.0M | $-37.2M |
| FCF MarginFCF / Revenue | 36.9% | -59.8% |
| Capex IntensityCapex / Revenue | 16.4% | 35.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $-64.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | $-15.4M | ||
| Q3 25 | $22.7M | $-18.3M | ||
| Q2 25 | $18.4M | $-1.3M | ||
| Q1 25 | $11.4M | $-4.9M | ||
| Q4 24 | $2.0M | $-2.6M | ||
| Q3 24 | $-3.4M | $-3.8M | ||
| Q2 24 | $10.8M | $-21.6M | ||
| Q1 24 | $8.0M | $-5.7M |
| Q4 25 | $42.0M | $-37.2M | ||
| Q3 25 | $17.6M | $-20.0M | ||
| Q2 25 | $15.2M | $-2.2M | ||
| Q1 25 | $5.0M | $-5.4M | ||
| Q4 24 | $-3.7M | $-4.0M | ||
| Q3 24 | $-5.9M | $-4.3M | ||
| Q2 24 | $9.4M | $-22.0M | ||
| Q1 24 | $5.9M | $-7.1M |
| Q4 25 | 36.9% | -59.8% | ||
| Q3 25 | 15.9% | -50.7% | ||
| Q2 25 | 13.5% | -6.3% | ||
| Q1 25 | 4.5% | -16.6% | ||
| Q4 24 | -3.4% | -13.3% | ||
| Q3 24 | -5.5% | -15.4% | ||
| Q2 24 | 8.5% | -81.5% | ||
| Q1 24 | 5.2% | -27.4% |
| Q4 25 | 16.4% | 35.0% | ||
| Q3 25 | 4.6% | 4.3% | ||
| Q2 25 | 2.9% | 2.5% | ||
| Q1 25 | 5.7% | 1.7% | ||
| Q4 24 | 5.2% | 4.8% | ||
| Q3 24 | 2.3% | 2.0% | ||
| Q2 24 | 1.3% | 1.3% | ||
| Q1 24 | 1.9% | 5.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
