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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and Proficient Auto Logistics, Inc (PAL). 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 $91.5M, roughly 1.2× Proficient Auto Logistics, Inc). Proficient Auto Logistics, Inc runs the higher net margin — -1.5% vs -1.6%, a 0.1% gap on every dollar of revenue.

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.

Proficient Auto Logistics, Inc. is a specialized automotive sector logistics provider. It offers tailored solutions including finished vehicle transport, auto parts storage and distribution, and supply chain support for automotive industry stakeholders, prioritizing reliable, efficient service delivery.

ILPT vs PAL — Head-to-Head

Bigger by revenue
ILPT
ILPT
1.2× larger
ILPT
$113.9M
$91.5M
PAL
Higher net margin
PAL
PAL
0.1% more per $
PAL
-1.5%
-1.6%
ILPT

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
ILPT
ILPT
PAL
PAL
Revenue
$113.9M
$91.5M
Net Profit
$-1.8M
$-1.4M
Gross Margin
Operating Margin
-22.1%
-2.4%
Net Margin
-1.6%
-1.5%
Revenue YoY
3.1%
Net Profit YoY
92.6%
EPS (diluted)
$-0.02
$-0.05

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
PAL
PAL
Q4 25
$113.9M
Q3 25
$110.9M
Q2 25
$112.1M
Q1 25
$111.9M
Q4 24
$110.5M
Q3 24
$108.9M
$91.5M
Q2 24
$110.6M
Q1 24
$112.2M
Net Profit
ILPT
ILPT
PAL
PAL
Q4 25
$-1.8M
Q3 25
$-21.6M
Q2 25
$-21.3M
Q1 25
$-21.5M
Q4 24
$-24.1M
Q3 24
$-25.0M
$-1.4M
Q2 24
$-23.2M
Q1 24
$-23.4M
Operating Margin
ILPT
ILPT
PAL
PAL
Q4 25
-22.1%
Q3 25
-29.4%
Q2 25
-30.8%
Q1 25
-26.9%
Q4 24
-31.1%
Q3 24
-33.5%
-2.4%
Q2 24
-32.4%
Q1 24
-31.7%
Net Margin
ILPT
ILPT
PAL
PAL
Q4 25
-1.6%
Q3 25
-19.4%
Q2 25
-19.0%
Q1 25
-19.2%
Q4 24
-21.8%
Q3 24
-22.9%
-1.5%
Q2 24
-20.9%
Q1 24
-20.9%
EPS (diluted)
ILPT
ILPT
PAL
PAL
Q4 25
$-0.02
Q3 25
$-0.33
Q2 25
$-0.32
Q1 25
$-0.33
Q4 24
$-0.37
Q3 24
$-0.38
$-0.05
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
PAL
PAL
Cash + ST InvestmentsLiquidity on hand
$94.8M
$16.8M
Total DebtLower is stronger
$4.2B
$64.0M
Stockholders' EquityBook value
$489.7M
$338.5M
Total Assets
$5.2B
$498.2M
Debt / EquityLower = less leverage
8.56×
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ILPT
ILPT
PAL
PAL
Q4 25
$94.8M
Q3 25
$83.2M
Q2 25
$58.6M
Q1 25
$108.0M
Q4 24
$131.7M
Q3 24
$153.9M
$16.8M
Q2 24
$146.2M
Q1 24
$128.4M
Total Debt
ILPT
ILPT
PAL
PAL
Q4 25
$4.2B
Q3 25
$4.2B
Q2 25
$4.2B
Q1 25
$4.3B
Q4 24
$4.3B
Q3 24
$4.3B
$64.0M
Q2 24
$4.3B
Q1 24
$4.3B
Stockholders' Equity
ILPT
ILPT
PAL
PAL
Q4 25
$489.7M
Q3 25
$494.1M
Q2 25
$519.1M
Q1 25
$539.5M
Q4 24
$562.0M
Q3 24
$585.9M
$338.5M
Q2 24
$618.3M
Q1 24
$643.2M
Total Assets
ILPT
ILPT
PAL
PAL
Q4 25
$5.2B
Q3 25
$5.2B
Q2 25
$5.2B
Q1 25
$5.4B
Q4 24
$5.4B
Q3 24
$5.5B
$498.2M
Q2 24
$5.5B
Q1 24
$5.5B
Debt / Equity
ILPT
ILPT
PAL
PAL
Q4 25
8.56×
Q3 25
8.49×
Q2 25
8.09×
Q1 25
7.96×
Q4 24
7.65×
Q3 24
7.35×
0.19×
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
PAL
PAL
Operating Cash FlowLast quarter
$60.7M
Free Cash FlowOCF − Capex
$42.0M
FCF MarginFCF / Revenue
36.9%
Capex IntensityCapex / Revenue
16.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ILPT
ILPT
PAL
PAL
Q4 25
$60.7M
Q3 25
$22.7M
Q2 25
$18.4M
Q1 25
$11.4M
Q4 24
$2.0M
Q3 24
$-3.4M
Q2 24
$10.8M
Q1 24
$8.0M
Free Cash Flow
ILPT
ILPT
PAL
PAL
Q4 25
$42.0M
Q3 25
$17.6M
Q2 25
$15.2M
Q1 25
$5.0M
Q4 24
$-3.7M
Q3 24
$-5.9M
Q2 24
$9.4M
Q1 24
$5.9M
FCF Margin
ILPT
ILPT
PAL
PAL
Q4 25
36.9%
Q3 25
15.9%
Q2 25
13.5%
Q1 25
4.5%
Q4 24
-3.4%
Q3 24
-5.5%
Q2 24
8.5%
Q1 24
5.2%
Capex Intensity
ILPT
ILPT
PAL
PAL
Q4 25
16.4%
Q3 25
4.6%
Q2 25
2.9%
Q1 25
5.7%
Q4 24
5.2%
Q3 24
2.3%
Q2 24
1.3%
Q1 24
1.9%

Financial Flow Comparison

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

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