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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and Porch Group, Inc. (PRCH). Click either name above to swap in a different company.
Porch Group, Inc. is the larger business by last-quarter revenue ($121.1M vs $113.9M, roughly 1.1× Industrial Logistics Properties Trust). Industrial Logistics Properties Trust runs the higher net margin — -1.6% vs -3.9%, a 2.3% gap on every dollar of revenue. On growth, Porch Group, Inc. posted the faster year-over-year revenue change (100.0% vs 3.1%). Over the past eight quarters, Porch Group, Inc.'s revenue compounded faster (26.4% 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.
Porch is a website that tries to connect homeowners with local home improvement contractors. The site features advice articles, cost guide, and online booking for over 160 home projects.
ILPT vs PRCH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $121.1M |
| Net Profit | $-1.8M | $-4.7M |
| Gross Margin | — | 52.7% |
| Operating Margin | -22.1% | 34.7% |
| Net Margin | -1.6% | -3.9% |
| Revenue YoY | 3.1% | 100.0% |
| Net Profit YoY | 92.6% | 2.0% |
| EPS (diluted) | $-0.02 | $-0.04 |
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.
| Q1 26 | — | $121.1M | ||
| Q4 25 | $113.9M | $112.3M | ||
| Q3 25 | $110.9M | $115.1M | ||
| Q2 25 | $112.1M | $107.0M | ||
| Q1 25 | $111.9M | $84.5M | ||
| Q4 24 | $110.5M | $75.3M | ||
| Q3 24 | $108.9M | $77.7M | ||
| Q2 24 | $110.6M | $75.9M |
| Q1 26 | — | $-4.7M | ||
| Q4 25 | $-1.8M | $-3.5M | ||
| Q3 25 | $-21.6M | $-10.9M | ||
| Q2 25 | $-21.3M | $2.6M | ||
| Q1 25 | $-21.5M | $8.4M | ||
| Q4 24 | $-24.1M | $30.5M | ||
| Q3 24 | $-25.0M | $14.4M | ||
| Q2 24 | $-23.2M | $-64.3M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | — | 99.5% | ||
| Q3 25 | — | 75.6% | ||
| Q2 25 | — | 70.9% | ||
| Q1 25 | — | 77.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 79.4% | ||
| Q2 24 | — | 22.1% |
| Q1 26 | — | 34.7% | ||
| Q4 25 | -22.1% | 14.7% | ||
| Q3 25 | -29.4% | 14.2% | ||
| Q2 25 | -30.8% | 4.7% | ||
| Q1 25 | -26.9% | -1.5% | ||
| Q4 24 | -31.1% | 33.3% | ||
| Q3 24 | -33.5% | -3.2% | ||
| Q2 24 | -32.4% | -69.2% |
| Q1 26 | — | -3.9% | ||
| Q4 25 | -1.6% | -3.1% | ||
| Q3 25 | -19.4% | -9.4% | ||
| Q2 25 | -19.0% | 2.4% | ||
| Q1 25 | -19.2% | 9.9% | ||
| Q4 24 | -21.8% | 40.5% | ||
| Q3 24 | -22.9% | 18.5% | ||
| Q2 24 | -20.9% | -84.8% |
| Q1 26 | — | $-0.04 | ||
| Q4 25 | $-0.02 | $0.00 | ||
| Q3 25 | $-0.33 | $-0.10 | ||
| Q2 25 | $-0.32 | $0.00 | ||
| Q1 25 | $-0.33 | $0.07 | ||
| Q4 24 | $-0.37 | $0.34 | ||
| Q3 24 | $-0.38 | $0.12 | ||
| Q2 24 | $-0.35 | $-0.65 |
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 | $68.4M |
| Total DebtLower is stronger | $4.2B | $391.3M |
| Stockholders' EquityBook value | $489.7M | $26.3M |
| Total Assets | $5.2B | $806.6M |
| Debt / EquityLower = less leverage | 8.56× | 14.87× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $68.4M | ||
| Q4 25 | $94.8M | $57.3M | ||
| Q3 25 | $83.2M | $85.0M | ||
| Q2 25 | $58.6M | $79.8M | ||
| Q1 25 | $108.0M | $70.4M | ||
| Q4 24 | $131.7M | $191.7M | ||
| Q3 24 | $153.9M | $238.6M | ||
| Q2 24 | $146.2M | $308.4M |
| Q1 26 | — | $391.3M | ||
| Q4 25 | $4.2B | $392.8M | ||
| Q3 25 | $4.2B | $387.1M | ||
| Q2 25 | $4.2B | $394.1M | ||
| Q1 25 | $4.3B | $409.2M | ||
| Q4 24 | $4.3B | $403.9M | ||
| Q3 24 | $4.3B | $399.0M | ||
| Q2 24 | $4.3B | $436.8M |
| Q1 26 | — | $26.3M | ||
| Q4 25 | $489.7M | $-24.6M | ||
| Q3 25 | $494.1M | $-27.9M | ||
| Q2 25 | $519.1M | $-29.3M | ||
| Q1 25 | $539.5M | $-52.4M | ||
| Q4 24 | $562.0M | $-43.2M | ||
| Q3 24 | $585.9M | $-77.0M | ||
| Q2 24 | $618.3M | $-101.9M |
| Q1 26 | — | $806.6M | ||
| Q4 25 | $5.2B | $797.4M | ||
| Q3 25 | $5.2B | $787.7M | ||
| Q2 25 | $5.2B | $770.7M | ||
| Q1 25 | $5.4B | $802.3M | ||
| Q4 24 | $5.4B | $814.0M | ||
| Q3 24 | $5.5B | $867.3M | ||
| Q2 24 | $5.5B | $876.1M |
| Q1 26 | — | 14.87× | ||
| 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× | — |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $60.7M | $1.2M | ||
| Q3 25 | $22.7M | $40.8M | ||
| Q2 25 | $18.4M | $35.6M | ||
| Q1 25 | $11.4M | $-11.2M | ||
| Q4 24 | $2.0M | $-26.6M | ||
| Q3 24 | $-3.4M | $12.4M | ||
| Q2 24 | $10.8M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | $42.0M | $1.1M | ||
| Q3 25 | $17.6M | $40.7M | ||
| Q2 25 | $15.2M | $35.4M | ||
| Q1 25 | $5.0M | $-11.2M | ||
| Q4 24 | $-3.7M | $-26.8M | ||
| Q3 24 | $-5.9M | $12.2M | ||
| Q2 24 | $9.4M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | 36.9% | 1.0% | ||
| Q3 25 | 15.9% | 35.4% | ||
| Q2 25 | 13.5% | 33.0% | ||
| Q1 25 | 4.5% | -13.3% | ||
| Q4 24 | -3.4% | -35.6% | ||
| Q3 24 | -5.5% | 15.7% | ||
| Q2 24 | 8.5% | -34.3% |
| Q1 26 | — | — | ||
| Q4 25 | 16.4% | 0.1% | ||
| Q3 25 | 4.6% | 0.1% | ||
| Q2 25 | 2.9% | 0.2% | ||
| Q1 25 | 5.7% | 0.1% | ||
| Q4 24 | 5.2% | 0.3% | ||
| Q3 24 | 2.3% | 0.3% | ||
| Q2 24 | 1.3% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 13.79× | ||
| Q1 25 | — | -1.33× | ||
| Q4 24 | — | -0.87× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
