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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and Proto Labs Inc (PRLB). Click either name above to swap in a different company.
Proto Labs Inc is the larger business by last-quarter revenue ($136.5M vs $113.9M, roughly 1.2× Industrial Logistics Properties Trust). On growth, Proto Labs Inc posted the faster year-over-year revenue change (12.1% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $8.4M). Over the past eight quarters, Proto Labs Inc's revenue compounded faster (3.3% 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.
Protolabs is a company that provides rapid manufacturing of 3D printed, CNC-machined, sheet metal, and injection-molded custom parts for prototyping and production. Markets like medical devices, aerospace, electronics, appliances, automotive and consumer products use these parts. Protolabs' headquarters are located in Maple Plain, Minnesota, with Minnesota-based manufacturing facilities in Plymouth, Brooklyn Park, and Rosemount, along with additional facilities in Nashua, New Hampshire and Ca...
ILPT vs PRLB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $136.5M |
| Net Profit | $-1.8M | — |
| Gross Margin | — | 44.2% |
| Operating Margin | -22.1% | 5.0% |
| Net Margin | -1.6% | — |
| Revenue YoY | 3.1% | 12.1% |
| Net Profit YoY | 92.6% | — |
| EPS (diluted) | $-0.02 | $0.25 |
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 | $136.5M | ||
| Q3 25 | $110.9M | $135.4M | ||
| Q2 25 | $112.1M | $135.1M | ||
| Q1 25 | $111.9M | $126.2M | ||
| Q4 24 | $110.5M | $121.8M | ||
| Q3 24 | $108.9M | $125.6M | ||
| Q2 24 | $110.6M | $125.6M | ||
| Q1 24 | $112.2M | $127.9M |
| Q4 25 | $-1.8M | — | ||
| Q3 25 | $-21.6M | $7.2M | ||
| Q2 25 | $-21.3M | $4.4M | ||
| Q1 25 | $-21.5M | $3.6M | ||
| Q4 24 | $-24.1M | — | ||
| Q3 24 | $-25.0M | $7.2M | ||
| Q2 24 | $-23.2M | $4.5M | ||
| Q1 24 | $-23.4M | $5.3M |
| Q4 25 | — | 44.2% | ||
| Q3 25 | — | 45.3% | ||
| Q2 25 | — | 44.3% | ||
| Q1 25 | — | 44.1% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 45.6% | ||
| Q2 24 | — | 45.0% | ||
| Q1 24 | — | 44.9% |
| Q4 25 | -22.1% | 5.0% | ||
| Q3 25 | -29.4% | 6.5% | ||
| Q2 25 | -30.8% | 3.7% | ||
| Q1 25 | -26.9% | 3.6% | ||
| Q4 24 | -31.1% | -1.2% | ||
| Q3 24 | -33.5% | 6.8% | ||
| Q2 24 | -32.4% | 4.8% | ||
| Q1 24 | -31.7% | 5.3% |
| Q4 25 | -1.6% | — | ||
| Q3 25 | -19.4% | 5.3% | ||
| Q2 25 | -19.0% | 3.3% | ||
| Q1 25 | -19.2% | 2.9% | ||
| Q4 24 | -21.8% | — | ||
| Q3 24 | -22.9% | 5.7% | ||
| Q2 24 | -20.9% | 3.6% | ||
| Q1 24 | -20.9% | 4.1% |
| Q4 25 | $-0.02 | $0.25 | ||
| Q3 25 | $-0.33 | $0.30 | ||
| Q2 25 | $-0.32 | $0.18 | ||
| Q1 25 | $-0.33 | $0.15 | ||
| Q4 24 | $-0.37 | $-0.01 | ||
| Q3 24 | $-0.38 | $0.29 | ||
| Q2 24 | $-0.35 | $0.18 | ||
| Q1 24 | $-0.36 | $0.20 |
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 | $128.1M |
| Total DebtLower is stronger | $4.2B | — |
| Stockholders' EquityBook value | $489.7M | $673.9M |
| Total Assets | $5.2B | $763.4M |
| Debt / EquityLower = less leverage | 8.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | $128.1M | ||
| Q3 25 | $83.2M | $119.2M | ||
| Q2 25 | $58.6M | $103.2M | ||
| Q1 25 | $108.0M | $96.8M | ||
| Q4 24 | $131.7M | $103.1M | ||
| Q3 24 | $153.9M | $100.5M | ||
| Q2 24 | $146.2M | $112.9M | ||
| Q1 24 | $128.4M | $109.7M |
| Q4 25 | $4.2B | — | ||
| Q3 25 | $4.2B | — | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.3B | — |
| Q4 25 | $489.7M | $673.9M | ||
| Q3 25 | $494.1M | $664.7M | ||
| Q2 25 | $519.1M | $664.7M | ||
| Q1 25 | $539.5M | $656.8M | ||
| Q4 24 | $562.0M | $670.2M | ||
| Q3 24 | $585.9M | $680.0M | ||
| Q2 24 | $618.3M | $685.2M | ||
| Q1 24 | $643.2M | $687.3M |
| Q4 25 | $5.2B | $763.4M | ||
| Q3 25 | $5.2B | $756.9M | ||
| Q2 25 | $5.2B | $743.3M | ||
| Q1 25 | $5.4B | $737.5M | ||
| Q4 24 | $5.4B | $743.5M | ||
| Q3 24 | $5.5B | $753.8M | ||
| Q2 24 | $5.5B | $758.2M | ||
| Q1 24 | $5.5B | $769.8M |
| 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× | — | ||
| 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 | $16.5M |
| Free Cash FlowOCF − Capex | $42.0M | $8.4M |
| FCF MarginFCF / Revenue | 36.9% | 6.2% |
| Capex IntensityCapex / Revenue | 16.4% | 5.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $59.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | $16.5M | ||
| Q3 25 | $22.7M | $29.1M | ||
| Q2 25 | $18.4M | $10.6M | ||
| Q1 25 | $11.4M | $18.4M | ||
| Q4 24 | $2.0M | $17.3M | ||
| Q3 24 | $-3.4M | $24.8M | ||
| Q2 24 | $10.8M | $14.4M | ||
| Q1 24 | $8.0M | $21.3M |
| Q4 25 | $42.0M | $8.4M | ||
| Q3 25 | $17.6M | $25.0M | ||
| Q2 25 | $15.2M | $9.1M | ||
| Q1 25 | $5.0M | $17.1M | ||
| Q4 24 | $-3.7M | $16.5M | ||
| Q3 24 | $-5.9M | $23.2M | ||
| Q2 24 | $9.4M | $10.2M | ||
| Q1 24 | $5.9M | $18.8M |
| Q4 25 | 36.9% | 6.2% | ||
| Q3 25 | 15.9% | 18.5% | ||
| Q2 25 | 13.5% | 6.7% | ||
| Q1 25 | 4.5% | 13.6% | ||
| Q4 24 | -3.4% | 13.5% | ||
| Q3 24 | -5.5% | 18.5% | ||
| Q2 24 | 8.5% | 8.2% | ||
| Q1 24 | 5.2% | 14.7% |
| Q4 25 | 16.4% | 5.9% | ||
| Q3 25 | 4.6% | 3.0% | ||
| Q2 25 | 2.9% | 1.1% | ||
| Q1 25 | 5.7% | 1.0% | ||
| Q4 24 | 5.2% | 0.7% | ||
| Q3 24 | 2.3% | 1.2% | ||
| Q2 24 | 1.3% | 3.3% | ||
| Q1 24 | 1.9% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.03× | ||
| Q2 25 | — | 2.39× | ||
| Q1 25 | — | 5.11× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.44× | ||
| Q2 24 | — | 3.18× | ||
| Q1 24 | — | 4.05× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ILPT
Segment breakdown not available.
PRLB
| CNC Machining Firstcut | $65.5M | 48% |
| Injection Molding Protomold | $47.6M | 35% |
| Three D Printing Fineline | $18.8M | 14% |
| Sheet Metal | $4.4M | 3% |
