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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and PREFORMED LINE PRODUCTS CO (PLPC). Click either name above to swap in a different company.

PREFORMED LINE PRODUCTS CO is the larger business by last-quarter revenue ($173.1M vs $113.9M, roughly 1.5× Industrial Logistics Properties Trust). PREFORMED LINE PRODUCTS CO runs the higher net margin — 4.9% vs -1.6%, a 6.4% gap on every dollar of revenue. On growth, PREFORMED LINE PRODUCTS CO posted the faster year-over-year revenue change (3.6% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $11.8M). Over the past eight quarters, PREFORMED LINE PRODUCTS CO's revenue compounded faster (10.8% 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.

Preformed Line Products Co (PLPC) designs, manufactures and supplies engineered hardware for power transmission, telecommunications, and renewable energy infrastructure sectors. It serves utility, network operator and industrial customers across global regions, offering solutions that boost network reliability and operational efficiency.

ILPT vs PLPC — Head-to-Head

Bigger by revenue
PLPC
PLPC
1.5× larger
PLPC
$173.1M
$113.9M
ILPT
Growing faster (revenue YoY)
PLPC
PLPC
+0.5% gap
PLPC
3.6%
3.1%
ILPT
Higher net margin
PLPC
PLPC
6.4% more per $
PLPC
4.9%
-1.6%
ILPT
More free cash flow
ILPT
ILPT
$30.2M more FCF
ILPT
$42.0M
$11.8M
PLPC
Faster 2-yr revenue CAGR
PLPC
PLPC
Annualised
PLPC
10.8%
0.7%
ILPT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ILPT
ILPT
PLPC
PLPC
Revenue
$113.9M
$173.1M
Net Profit
$-1.8M
$8.4M
Gross Margin
29.8%
Operating Margin
-22.1%
6.8%
Net Margin
-1.6%
4.9%
Revenue YoY
3.1%
3.6%
Net Profit YoY
92.6%
-19.3%
EPS (diluted)
$-0.02
$1.72

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
PLPC
PLPC
Q4 25
$113.9M
$173.1M
Q3 25
$110.9M
$178.1M
Q2 25
$112.1M
$169.6M
Q1 25
$111.9M
$148.5M
Q4 24
$110.5M
$167.1M
Q3 24
$108.9M
$147.0M
Q2 24
$110.6M
$138.7M
Q1 24
$112.2M
$140.9M
Net Profit
ILPT
ILPT
PLPC
PLPC
Q4 25
$-1.8M
$8.4M
Q3 25
$-21.6M
$2.6M
Q2 25
$-21.3M
$12.7M
Q1 25
$-21.5M
$11.5M
Q4 24
$-24.1M
$10.5M
Q3 24
$-25.0M
$7.7M
Q2 24
$-23.2M
$9.4M
Q1 24
$-23.4M
$9.6M
Gross Margin
ILPT
ILPT
PLPC
PLPC
Q4 25
29.8%
Q3 25
29.7%
Q2 25
32.7%
Q1 25
32.8%
Q4 24
33.3%
Q3 24
31.1%
Q2 24
31.9%
Q1 24
31.3%
Operating Margin
ILPT
ILPT
PLPC
PLPC
Q4 25
-22.1%
6.8%
Q3 25
-29.4%
7.4%
Q2 25
-30.8%
10.1%
Q1 25
-26.9%
8.8%
Q4 24
-31.1%
10.5%
Q3 24
-33.5%
7.1%
Q2 24
-32.4%
8.1%
Q1 24
-31.7%
8.2%
Net Margin
ILPT
ILPT
PLPC
PLPC
Q4 25
-1.6%
4.9%
Q3 25
-19.4%
1.5%
Q2 25
-19.0%
7.5%
Q1 25
-19.2%
7.8%
Q4 24
-21.8%
6.3%
Q3 24
-22.9%
5.2%
Q2 24
-20.9%
6.8%
Q1 24
-20.9%
6.8%
EPS (diluted)
ILPT
ILPT
PLPC
PLPC
Q4 25
$-0.02
$1.72
Q3 25
$-0.33
$0.53
Q2 25
$-0.32
$2.56
Q1 25
$-0.33
$2.33
Q4 24
$-0.37
$2.13
Q3 24
$-0.38
$1.54
Q2 24
$-0.35
$1.89
Q1 24
$-0.36
$1.94

Balance Sheet & Financial Strength

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

Metric
ILPT
ILPT
PLPC
PLPC
Cash + ST InvestmentsLiquidity on hand
$94.8M
Total DebtLower is stronger
$4.2B
$38.3M
Stockholders' EquityBook value
$489.7M
$475.5M
Total Assets
$5.2B
$653.6M
Debt / EquityLower = less leverage
8.56×
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ILPT
ILPT
PLPC
PLPC
Q4 25
$94.8M
Q3 25
$83.2M
Q2 25
$58.6M
Q1 25
$108.0M
Q4 24
$131.7M
Q3 24
$153.9M
Q2 24
$146.2M
Q1 24
$128.4M
Total Debt
ILPT
ILPT
PLPC
PLPC
Q4 25
$4.2B
$38.3M
Q3 25
$4.2B
$36.0M
Q2 25
$4.2B
$31.8M
Q1 25
$4.3B
$29.1M
Q4 24
$4.3B
$20.8M
Q3 24
$4.3B
$27.2M
Q2 24
$4.3B
$31.6M
Q1 24
$4.3B
$55.0M
Stockholders' Equity
ILPT
ILPT
PLPC
PLPC
Q4 25
$489.7M
$475.5M
Q3 25
$494.1M
$466.3M
Q2 25
$519.1M
$460.7M
Q1 25
$539.5M
$435.8M
Q4 24
$562.0M
$422.3M
Q3 24
$585.9M
$429.0M
Q2 24
$618.3M
$416.2M
Q1 24
$643.2M
$413.4M
Total Assets
ILPT
ILPT
PLPC
PLPC
Q4 25
$5.2B
$653.6M
Q3 25
$5.2B
$644.6M
Q2 25
$5.2B
$631.5M
Q1 25
$5.4B
$592.5M
Q4 24
$5.4B
$573.9M
Q3 24
$5.5B
$592.0M
Q2 24
$5.5B
$572.6M
Q1 24
$5.5B
$586.1M
Debt / Equity
ILPT
ILPT
PLPC
PLPC
Q4 25
8.56×
0.08×
Q3 25
8.49×
0.08×
Q2 25
8.09×
0.07×
Q1 25
7.96×
0.07×
Q4 24
7.65×
0.05×
Q3 24
7.35×
0.06×
Q2 24
6.96×
0.08×
Q1 24
6.70×
0.13×

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
PLPC
PLPC
Operating Cash FlowLast quarter
$60.7M
$21.9M
Free Cash FlowOCF − Capex
$42.0M
$11.8M
FCF MarginFCF / Revenue
36.9%
6.8%
Capex IntensityCapex / Revenue
16.4%
5.9%
Cash ConversionOCF / Net Profit
2.60×
TTM Free Cash FlowTrailing 4 quarters
$79.8M
$33.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ILPT
ILPT
PLPC
PLPC
Q4 25
$60.7M
$21.9M
Q3 25
$22.7M
$18.9M
Q2 25
$18.4M
$26.9M
Q1 25
$11.4M
$5.7M
Q4 24
$2.0M
$24.1M
Q3 24
$-3.4M
$9.4M
Q2 24
$10.8M
$28.3M
Q1 24
$8.0M
$5.8M
Free Cash Flow
ILPT
ILPT
PLPC
PLPC
Q4 25
$42.0M
$11.8M
Q3 25
$17.6M
$8.3M
Q2 25
$15.2M
$18.6M
Q1 25
$5.0M
$-5.3M
Q4 24
$-3.7M
$20.6M
Q3 24
$-5.9M
$5.8M
Q2 24
$9.4M
$24.6M
Q1 24
$5.9M
$1.8M
FCF Margin
ILPT
ILPT
PLPC
PLPC
Q4 25
36.9%
6.8%
Q3 25
15.9%
4.7%
Q2 25
13.5%
10.9%
Q1 25
4.5%
-3.6%
Q4 24
-3.4%
12.3%
Q3 24
-5.5%
3.9%
Q2 24
8.5%
17.7%
Q1 24
5.2%
1.3%
Capex Intensity
ILPT
ILPT
PLPC
PLPC
Q4 25
16.4%
5.9%
Q3 25
4.6%
6.0%
Q2 25
2.9%
4.9%
Q1 25
5.7%
7.4%
Q4 24
5.2%
2.1%
Q3 24
2.3%
2.4%
Q2 24
1.3%
2.7%
Q1 24
1.9%
2.8%
Cash Conversion
ILPT
ILPT
PLPC
PLPC
Q4 25
2.60×
Q3 25
7.21×
Q2 25
2.12×
Q1 25
0.49×
Q4 24
2.30×
Q3 24
1.22×
Q2 24
3.02×
Q1 24
0.60×

Financial Flow Comparison

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

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