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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and QUHUO Ltd (QH). Click either name above to swap in a different company.

QUHUO Ltd is the larger business by last-quarter revenue ($157.9M vs $113.9M, roughly 1.4× Industrial Logistics Properties Trust).

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.

QUHUO Ltd. operates an on-demand lifestyle service platform focused on the Chinese mainland market. Its core offerings include gig workforce solutions, community group-buy services, and local life service matching for merchants and individual users, covering household services, catering operation support, and community retail segments to effectively connect service providers with end consumers.

ILPT vs QH — Head-to-Head

Bigger by revenue
QH
QH
1.4× larger
QH
$157.9M
$113.9M
ILPT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
ILPT
ILPT
QH
QH
Revenue
$113.9M
$157.9M
Net Profit
$-1.8M
Gross Margin
Operating Margin
-22.1%
Net Margin
-1.6%
Revenue YoY
3.1%
Net Profit YoY
92.6%
EPS (diluted)
$-0.02

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
QH
QH
Q4 25
$113.9M
Q3 25
$110.9M
Q2 25
$112.1M
$157.9M
Q1 25
$111.9M
Q4 24
$110.5M
Q3 24
$108.9M
Q2 24
$110.6M
$222.9M
Q1 24
$112.2M
Net Profit
ILPT
ILPT
QH
QH
Q4 25
$-1.8M
Q3 25
$-21.6M
Q2 25
$-21.3M
Q1 25
$-21.5M
Q4 24
$-24.1M
Q3 24
$-25.0M
Q2 24
$-23.2M
$-6.4M
Q1 24
$-23.4M
Gross Margin
ILPT
ILPT
QH
QH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
1.5%
Q1 24
Operating Margin
ILPT
ILPT
QH
QH
Q4 25
-22.1%
Q3 25
-29.4%
Q2 25
-30.8%
Q1 25
-26.9%
Q4 24
-31.1%
Q3 24
-33.5%
Q2 24
-32.4%
-2.7%
Q1 24
-31.7%
Net Margin
ILPT
ILPT
QH
QH
Q4 25
-1.6%
Q3 25
-19.4%
Q2 25
-19.0%
Q1 25
-19.2%
Q4 24
-21.8%
Q3 24
-22.9%
Q2 24
-20.9%
-2.9%
Q1 24
-20.9%
EPS (diluted)
ILPT
ILPT
QH
QH
Q4 25
$-0.02
Q3 25
$-0.33
Q2 25
$-0.32
Q1 25
$-0.33
Q4 24
$-0.37
Q3 24
$-0.38
Q2 24
$-0.35
Q1 24
$-0.36

Balance Sheet & Financial Strength

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

Metric
ILPT
ILPT
QH
QH
Cash + ST InvestmentsLiquidity on hand
$94.8M
$4.3M
Total DebtLower is stronger
$4.2B
$858.0K
Stockholders' EquityBook value
$489.7M
$57.4M
Total Assets
$5.2B
$118.4M
Debt / EquityLower = less leverage
8.56×
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ILPT
ILPT
QH
QH
Q4 25
$94.8M
Q3 25
$83.2M
Q2 25
$58.6M
$4.3M
Q1 25
$108.0M
Q4 24
$131.7M
Q3 24
$153.9M
Q2 24
$146.2M
$14.3M
Q1 24
$128.4M
Total Debt
ILPT
ILPT
QH
QH
Q4 25
$4.2B
Q3 25
$4.2B
Q2 25
$4.2B
$858.0K
Q1 25
$4.3B
Q4 24
$4.3B
Q3 24
$4.3B
Q2 24
$4.3B
$1.2M
Q1 24
$4.3B
Stockholders' Equity
ILPT
ILPT
QH
QH
Q4 25
$489.7M
Q3 25
$494.1M
Q2 25
$519.1M
$57.4M
Q1 25
$539.5M
Q4 24
$562.0M
Q3 24
$585.9M
Q2 24
$618.3M
$64.6M
Q1 24
$643.2M
Total Assets
ILPT
ILPT
QH
QH
Q4 25
$5.2B
Q3 25
$5.2B
Q2 25
$5.2B
$118.4M
Q1 25
$5.4B
Q4 24
$5.4B
Q3 24
$5.5B
Q2 24
$5.5B
$135.0M
Q1 24
$5.5B
Debt / Equity
ILPT
ILPT
QH
QH
Q4 25
8.56×
Q3 25
8.49×
Q2 25
8.09×
0.01×
Q1 25
7.96×
Q4 24
7.65×
Q3 24
7.35×
Q2 24
6.96×
0.02×
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
ILPT
ILPT
QH
QH
Operating Cash FlowLast quarter
$60.7M
$-5.8M
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.

Operating Cash Flow
ILPT
ILPT
QH
QH
Q4 25
$60.7M
Q3 25
$22.7M
Q2 25
$18.4M
$-5.8M
Q1 25
$11.4M
Q4 24
$2.0M
Q3 24
$-3.4M
Q2 24
$10.8M
Q1 24
$8.0M
Free Cash Flow
ILPT
ILPT
QH
QH
Q4 25
$42.0M
Q3 25
$17.6M
Q2 25
$15.2M
Q1 25
$5.0M
Q4 24
$-3.7M
Q3 24
$-5.9M
Q2 24
$9.4M
Q1 24
$5.9M
FCF Margin
ILPT
ILPT
QH
QH
Q4 25
36.9%
Q3 25
15.9%
Q2 25
13.5%
Q1 25
4.5%
Q4 24
-3.4%
Q3 24
-5.5%
Q2 24
8.5%
Q1 24
5.2%
Capex Intensity
ILPT
ILPT
QH
QH
Q4 25
16.4%
Q3 25
4.6%
Q2 25
2.9%
Q1 25
5.7%
Q4 24
5.2%
Q3 24
2.3%
Q2 24
1.3%
Q1 24
1.9%

Financial Flow Comparison

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

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