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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.
LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $113.9M, roughly 1.9× Industrial Logistics Properties Trust). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs -1.6%, a 20.4% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs 3.1%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% 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.
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
ILPT vs RAMP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $212.2M |
| Net Profit | $-1.8M | $39.9M |
| Gross Margin | — | 71.9% |
| Operating Margin | -22.1% | 18.6% |
| Net Margin | -1.6% | 18.8% |
| Revenue YoY | 3.1% | 8.6% |
| Net Profit YoY | 92.6% | 255.7% |
| EPS (diluted) | $-0.02 | $0.62 |
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 | $212.2M | ||
| Q3 25 | $110.9M | $199.8M | ||
| Q2 25 | $112.1M | $194.8M | ||
| Q1 25 | $111.9M | $188.7M | ||
| Q4 24 | $110.5M | $195.4M | ||
| Q3 24 | $108.9M | $185.5M | ||
| Q2 24 | $110.6M | $176.0M | ||
| Q1 24 | $112.2M | $171.9M |
| Q4 25 | $-1.8M | $39.9M | ||
| Q3 25 | $-21.6M | $27.4M | ||
| Q2 25 | $-21.3M | $7.7M | ||
| Q1 25 | $-21.5M | $-6.3M | ||
| Q4 24 | $-24.1M | $11.2M | ||
| Q3 24 | $-25.0M | $1.7M | ||
| Q2 24 | $-23.2M | $-7.5M | ||
| Q1 24 | $-23.4M | $-5.4M |
| Q4 25 | — | 71.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | — | 72.4% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 72.2% |
| Q4 25 | -22.1% | 18.6% | ||
| Q3 25 | -29.4% | 10.7% | ||
| Q2 25 | -30.8% | 3.7% | ||
| Q1 25 | -26.9% | -6.1% | ||
| Q4 24 | -31.1% | 7.5% | ||
| Q3 24 | -33.5% | 4.0% | ||
| Q2 24 | -32.4% | -3.0% | ||
| Q1 24 | -31.7% | -8.3% |
| Q4 25 | -1.6% | 18.8% | ||
| Q3 25 | -19.4% | 13.7% | ||
| Q2 25 | -19.0% | 4.0% | ||
| Q1 25 | -19.2% | -3.3% | ||
| Q4 24 | -21.8% | 5.7% | ||
| Q3 24 | -22.9% | 0.9% | ||
| Q2 24 | -20.9% | -4.3% | ||
| Q1 24 | -20.9% | -3.1% |
| Q4 25 | $-0.02 | $0.62 | ||
| Q3 25 | $-0.33 | $0.42 | ||
| Q2 25 | $-0.32 | $0.12 | ||
| Q1 25 | $-0.33 | $-0.10 | ||
| Q4 24 | $-0.37 | $0.17 | ||
| Q3 24 | $-0.38 | $0.03 | ||
| Q2 24 | $-0.35 | $-0.11 | ||
| Q1 24 | $-0.36 | $-0.09 |
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 | $403.4M |
| Total DebtLower is stronger | $4.2B | — |
| Stockholders' EquityBook value | $489.7M | $962.3M |
| Total Assets | $5.2B | $1.3B |
| Debt / EquityLower = less leverage | 8.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | $403.4M | ||
| Q3 25 | $83.2M | $376.9M | ||
| Q2 25 | $58.6M | $371.1M | ||
| Q1 25 | $108.0M | $420.8M | ||
| Q4 24 | $131.7M | $384.3M | ||
| Q3 24 | $153.9M | $348.4M | ||
| Q2 24 | $146.2M | $342.7M | ||
| Q1 24 | $128.4M | $368.9M |
| 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 | $962.3M | ||
| Q3 25 | $494.1M | $943.8M | ||
| Q2 25 | $519.1M | $947.8M | ||
| Q1 25 | $539.5M | $948.9M | ||
| Q4 24 | $562.0M | $957.7M | ||
| Q3 24 | $585.9M | $932.1M | ||
| Q2 24 | $618.3M | $951.9M | ||
| Q1 24 | $643.2M | $949.1M |
| Q4 25 | $5.2B | $1.3B | ||
| Q3 25 | $5.2B | $1.2B | ||
| Q2 25 | $5.2B | $1.2B | ||
| Q1 25 | $5.4B | $1.3B | ||
| Q4 24 | $5.4B | $1.3B | ||
| Q3 24 | $5.5B | $1.2B | ||
| Q2 24 | $5.5B | $1.2B | ||
| Q1 24 | $5.5B | $1.2B |
| 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 | — |
| Free Cash FlowOCF − Capex | $42.0M | — |
| FCF MarginFCF / Revenue | 36.9% | — |
| Capex IntensityCapex / Revenue | 16.4% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | — | ||
| Q3 25 | $22.7M | $57.4M | ||
| Q2 25 | $18.4M | $-15.8M | ||
| Q1 25 | $11.4M | — | ||
| Q4 24 | $2.0M | $45.1M | ||
| Q3 24 | $-3.4M | $55.6M | ||
| Q2 24 | $10.8M | $-9.3M | ||
| Q1 24 | $8.0M | — |
| Q4 25 | $42.0M | — | ||
| Q3 25 | $17.6M | $56.8M | ||
| Q2 25 | $15.2M | $-16.2M | ||
| Q1 25 | $5.0M | — | ||
| Q4 24 | $-3.7M | $44.8M | ||
| Q3 24 | $-5.9M | $55.4M | ||
| Q2 24 | $9.4M | $-9.6M | ||
| Q1 24 | $5.9M | — |
| Q4 25 | 36.9% | — | ||
| Q3 25 | 15.9% | 28.4% | ||
| Q2 25 | 13.5% | -8.3% | ||
| Q1 25 | 4.5% | — | ||
| Q4 24 | -3.4% | 22.9% | ||
| Q3 24 | -5.5% | 29.8% | ||
| Q2 24 | 8.5% | -5.4% | ||
| Q1 24 | 5.2% | — |
| Q4 25 | 16.4% | 0.1% | ||
| Q3 25 | 4.6% | 0.3% | ||
| Q2 25 | 2.9% | 0.2% | ||
| Q1 25 | 5.7% | 0.2% | ||
| Q4 24 | 5.2% | 0.1% | ||
| Q3 24 | 2.3% | 0.1% | ||
| Q2 24 | 1.3% | 0.1% | ||
| Q1 24 | 1.9% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | — | -2.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 32.10× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
