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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and PUMA BIOTECHNOLOGY, INC. (PBYI). 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 $75.5M, roughly 1.5× PUMA BIOTECHNOLOGY, INC.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $14.4M). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% 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.
Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.
ILPT vs PBYI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $75.5M |
| Net Profit | $-1.8M | — |
| Gross Margin | — | 69.3% |
| Operating Margin | -22.1% | 22.7% |
| Net Margin | -1.6% | — |
| Revenue YoY | 3.1% | 27.7% |
| Net Profit YoY | 92.6% | — |
| EPS (diluted) | $-0.02 | $0.26 |
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 | $75.5M | ||
| Q3 25 | $110.9M | $54.5M | ||
| Q2 25 | $112.1M | $52.4M | ||
| Q1 25 | $111.9M | $46.0M | ||
| Q4 24 | $110.5M | $59.1M | ||
| Q3 24 | $108.9M | $80.5M | ||
| Q2 24 | $110.6M | $47.1M | ||
| Q1 24 | $112.2M | $43.8M |
| Q4 25 | $-1.8M | — | ||
| Q3 25 | $-21.6M | $8.8M | ||
| Q2 25 | $-21.3M | $5.9M | ||
| Q1 25 | $-21.5M | $3.0M | ||
| Q4 24 | $-24.1M | — | ||
| Q3 24 | $-25.0M | $20.3M | ||
| Q2 24 | $-23.2M | $-4.5M | ||
| Q1 24 | $-23.4M | $-4.8M |
| Q4 25 | — | 69.3% | ||
| Q3 25 | — | 77.7% | ||
| Q2 25 | — | 76.5% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 63.9% | ||
| Q2 24 | — | 77.4% | ||
| Q1 24 | — | 75.5% |
| Q4 25 | -22.1% | 22.7% | ||
| Q3 25 | -29.4% | 17.6% | ||
| Q2 25 | -30.8% | 12.7% | ||
| Q1 25 | -26.9% | 8.7% | ||
| Q4 24 | -31.1% | 22.6% | ||
| Q3 24 | -33.5% | 27.4% | ||
| Q2 24 | -32.4% | -4.6% | ||
| Q1 24 | -31.7% | -5.3% |
| Q4 25 | -1.6% | — | ||
| Q3 25 | -19.4% | 16.2% | ||
| Q2 25 | -19.0% | 11.2% | ||
| Q1 25 | -19.2% | 6.5% | ||
| Q4 24 | -21.8% | — | ||
| Q3 24 | -22.9% | 25.2% | ||
| Q2 24 | -20.9% | -9.6% | ||
| Q1 24 | -20.9% | -11.0% |
| Q4 25 | $-0.02 | $0.26 | ||
| Q3 25 | $-0.33 | $0.17 | ||
| Q2 25 | $-0.32 | $0.12 | ||
| Q1 25 | $-0.33 | $0.06 | ||
| Q4 24 | $-0.37 | $0.40 | ||
| Q3 24 | $-0.38 | $0.41 | ||
| Q2 24 | $-0.35 | $-0.09 | ||
| Q1 24 | $-0.36 | $-0.10 |
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 | $97.5M |
| Total DebtLower is stronger | $4.2B | $22.7M |
| Stockholders' EquityBook value | $489.7M | $130.3M |
| Total Assets | $5.2B | $216.3M |
| Debt / EquityLower = less leverage | 8.56× | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | $97.5M | ||
| Q3 25 | $83.2M | $94.4M | ||
| Q2 25 | $58.6M | $96.0M | ||
| Q1 25 | $108.0M | $93.2M | ||
| Q4 24 | $131.7M | $101.0M | ||
| Q3 24 | $153.9M | $96.7M | ||
| Q2 24 | $146.2M | $96.8M | ||
| Q1 24 | $128.4M | $107.2M |
| Q4 25 | $4.2B | $22.7M | ||
| Q3 25 | $4.2B | $34.0M | ||
| Q2 25 | $4.2B | $45.3M | ||
| Q1 25 | $4.3B | $56.7M | ||
| Q4 24 | $4.3B | $68.0M | ||
| Q3 24 | $4.3B | $79.3M | ||
| Q2 24 | $4.3B | $90.7M | ||
| Q1 24 | $4.3B | $102.0M |
| Q4 25 | $489.7M | $130.3M | ||
| Q3 25 | $494.1M | $115.3M | ||
| Q2 25 | $519.1M | $104.7M | ||
| Q1 25 | $539.5M | $97.1M | ||
| Q4 24 | $562.0M | $92.1M | ||
| Q3 24 | $585.9M | $71.1M | ||
| Q2 24 | $618.3M | $48.5M | ||
| Q1 24 | $643.2M | $51.0M |
| Q4 25 | $5.2B | $216.3M | ||
| Q3 25 | $5.2B | $202.9M | ||
| Q2 25 | $5.2B | $194.9M | ||
| Q1 25 | $5.4B | $196.2M | ||
| Q4 24 | $5.4B | $213.3M | ||
| Q3 24 | $5.5B | $220.7M | ||
| Q2 24 | $5.5B | $205.0M | ||
| Q1 24 | $5.5B | $214.1M |
| Q4 25 | 8.56× | 0.17× | ||
| Q3 25 | 8.49× | 0.30× | ||
| Q2 25 | 8.09× | 0.43× | ||
| Q1 25 | 7.96× | 0.58× | ||
| Q4 24 | 7.65× | 0.74× | ||
| Q3 24 | 7.35× | 1.12× | ||
| Q2 24 | 6.96× | 1.87× | ||
| Q1 24 | 6.70× | 2.00× |
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 | $14.4M |
| Free Cash FlowOCF − Capex | $42.0M | $14.4M |
| FCF MarginFCF / Revenue | 36.9% | 19.1% |
| Capex IntensityCapex / Revenue | 16.4% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $41.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | $14.4M | ||
| Q3 25 | $22.7M | $9.7M | ||
| Q2 25 | $18.4M | $14.1M | ||
| Q1 25 | $11.4M | $3.6M | ||
| Q4 24 | $2.0M | $15.6M | ||
| Q3 24 | $-3.4M | $11.0M | ||
| Q2 24 | $10.8M | $1.0M | ||
| Q1 24 | $8.0M | $11.2M |
| Q4 25 | $42.0M | $14.4M | ||
| Q3 25 | $17.6M | $9.7M | ||
| Q2 25 | $15.2M | $14.1M | ||
| Q1 25 | $5.0M | $3.6M | ||
| Q4 24 | $-3.7M | $15.6M | ||
| Q3 24 | $-5.9M | $11.0M | ||
| Q2 24 | $9.4M | $1.0M | ||
| Q1 24 | $5.9M | — |
| Q4 25 | 36.9% | 19.1% | ||
| Q3 25 | 15.9% | 17.7% | ||
| Q2 25 | 13.5% | 26.8% | ||
| Q1 25 | 4.5% | 7.7% | ||
| Q4 24 | -3.4% | 26.4% | ||
| Q3 24 | -5.5% | 13.7% | ||
| Q2 24 | 8.5% | 2.1% | ||
| Q1 24 | 5.2% | — |
| Q4 25 | 16.4% | 0.0% | ||
| Q3 25 | 4.6% | 0.0% | ||
| Q2 25 | 2.9% | 0.0% | ||
| Q1 25 | 5.7% | 0.1% | ||
| Q4 24 | 5.2% | 0.0% | ||
| Q3 24 | 2.3% | 0.0% | ||
| Q2 24 | 1.3% | 0.0% | ||
| Q1 24 | 1.9% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.10× | ||
| Q2 25 | — | 2.41× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
