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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and PAMT CORP (PAMT). Click either name above to swap in a different company.
PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $113.9M, roughly 1.2× Industrial Logistics Properties Trust). Industrial Logistics Properties Trust runs the higher net margin — -1.6% vs -20.7%, a 19.1% gap on every dollar of revenue. On growth, Industrial Logistics Properties Trust posted the faster year-over-year revenue change (3.1% vs -15.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $-25.0M). Over the past eight quarters, Industrial Logistics Properties Trust's revenue compounded faster (0.7% CAGR vs -12.0%).
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.
ILPT vs PAMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $141.3M |
| Net Profit | $-1.8M | $-29.3M |
| Gross Margin | — | — |
| Operating Margin | -22.1% | -27.0% |
| Net Margin | -1.6% | -20.7% |
| Revenue YoY | 3.1% | -15.1% |
| Net Profit YoY | 92.6% | 7.4% |
| EPS (diluted) | $-0.02 | $-1.38 |
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 | $141.3M | ||
| Q3 25 | $110.9M | $150.3M | ||
| Q2 25 | $112.1M | $151.1M | ||
| Q1 25 | $111.9M | $155.3M | ||
| Q4 24 | $110.5M | $166.5M | ||
| Q3 24 | $108.9M | $182.6M | ||
| Q2 24 | $110.6M | $182.9M | ||
| Q1 24 | $112.2M | $182.6M |
| Q4 25 | $-1.8M | $-29.3M | ||
| Q3 25 | $-21.6M | $-5.6M | ||
| Q2 25 | $-21.3M | $-9.6M | ||
| Q1 25 | $-21.5M | $-8.1M | ||
| Q4 24 | $-24.1M | $-31.6M | ||
| Q3 24 | $-25.0M | $2.4M | ||
| Q2 24 | $-23.2M | $-2.9M | ||
| Q1 24 | $-23.4M | $281.0K |
| Q4 25 | -22.1% | -27.0% | ||
| Q3 25 | -29.4% | -3.8% | ||
| Q2 25 | -30.8% | -7.3% | ||
| Q1 25 | -26.9% | -5.9% | ||
| Q4 24 | -31.1% | -22.6% | ||
| Q3 24 | -33.5% | 1.3% | ||
| Q2 24 | -32.4% | -0.4% | ||
| Q1 24 | -31.7% | -0.4% |
| Q4 25 | -1.6% | -20.7% | ||
| Q3 25 | -19.4% | -3.7% | ||
| Q2 25 | -19.0% | -6.4% | ||
| Q1 25 | -19.2% | -5.2% | ||
| Q4 24 | -21.8% | -19.0% | ||
| Q3 24 | -22.9% | 1.3% | ||
| Q2 24 | -20.9% | -1.6% | ||
| Q1 24 | -20.9% | 0.2% |
| Q4 25 | $-0.02 | $-1.38 | ||
| Q3 25 | $-0.33 | $-0.27 | ||
| Q2 25 | $-0.32 | $-0.46 | ||
| Q1 25 | $-0.33 | $-0.37 | ||
| Q4 24 | $-0.37 | $-1.44 | ||
| Q3 24 | $-0.38 | $0.11 | ||
| Q2 24 | $-0.35 | $-0.13 | ||
| 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 | $83.7M |
| Total DebtLower is stronger | $4.2B | $333.9M |
| Stockholders' EquityBook value | $489.7M | $210.5M |
| Total Assets | $5.2B | $697.9M |
| Debt / EquityLower = less leverage | 8.56× | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | $83.7M | ||
| Q3 25 | $83.2M | $115.6M | ||
| Q2 25 | $58.6M | $117.3M | ||
| Q1 25 | $108.0M | $102.7M | ||
| Q4 24 | $131.7M | $110.7M | ||
| Q3 24 | $153.9M | $92.3M | ||
| Q2 24 | $146.2M | $114.0M | ||
| Q1 24 | $128.4M | $125.8M |
| Q4 25 | $4.2B | $333.9M | ||
| Q3 25 | $4.2B | — | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.3B | $325.6M | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.3B | — |
| Q4 25 | $489.7M | $210.5M | ||
| Q3 25 | $494.1M | $239.5M | ||
| Q2 25 | $519.1M | $244.9M | ||
| Q1 25 | $539.5M | $269.6M | ||
| Q4 24 | $562.0M | $277.5M | ||
| Q3 24 | $585.9M | $308.9M | ||
| Q2 24 | $618.3M | $306.7M | ||
| Q1 24 | $643.2M | $314.6M |
| Q4 25 | $5.2B | $697.9M | ||
| Q3 25 | $5.2B | $715.2M | ||
| Q2 25 | $5.2B | $707.9M | ||
| Q1 25 | $5.4B | $712.6M | ||
| Q4 24 | $5.4B | $741.7M | ||
| Q3 24 | $5.5B | $756.7M | ||
| Q2 24 | $5.5B | $733.5M | ||
| Q1 24 | $5.5B | $746.4M |
| Q4 25 | 8.56× | 1.59× | ||
| Q3 25 | 8.49× | — | ||
| Q2 25 | 8.09× | — | ||
| Q1 25 | 7.96× | — | ||
| Q4 24 | 7.65× | 1.17× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $42.0M | $-25.0M |
| FCF MarginFCF / Revenue | 36.9% | -17.7% |
| Capex IntensityCapex / Revenue | 16.4% | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | $-5.8M | ||
| Q3 25 | $22.7M | $5.9M | ||
| Q2 25 | $18.4M | $12.2M | ||
| Q1 25 | $11.4M | $5.0M | ||
| Q4 24 | $2.0M | $15.2M | ||
| Q3 24 | $-3.4M | $15.5M | ||
| Q2 24 | $10.8M | $18.7M | ||
| Q1 24 | $8.0M | $9.6M |
| Q4 25 | $42.0M | $-25.0M | ||
| Q3 25 | $17.6M | $2.5M | ||
| Q2 25 | $15.2M | $5.9M | ||
| Q1 25 | $5.0M | $-6.8M | ||
| Q4 24 | $-3.7M | $-39.9M | ||
| Q3 24 | $-5.9M | $-33.6M | ||
| Q2 24 | $9.4M | $4.1M | ||
| Q1 24 | $5.9M | $-12.2M |
| Q4 25 | 36.9% | -17.7% | ||
| Q3 25 | 15.9% | 1.7% | ||
| Q2 25 | 13.5% | 3.9% | ||
| Q1 25 | 4.5% | -4.4% | ||
| Q4 24 | -3.4% | -24.0% | ||
| Q3 24 | -5.5% | -18.4% | ||
| Q2 24 | 8.5% | 2.2% | ||
| Q1 24 | 5.2% | -6.7% |
| Q4 25 | 16.4% | 13.6% | ||
| Q3 25 | 4.6% | 2.3% | ||
| Q2 25 | 2.9% | 4.2% | ||
| Q1 25 | 5.7% | 7.6% | ||
| Q4 24 | 5.2% | 33.1% | ||
| Q3 24 | 2.3% | 26.9% | ||
| Q2 24 | 1.3% | 8.0% | ||
| Q1 24 | 1.9% | 12.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 34.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ILPT
Segment breakdown not available.
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
