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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and RCM TECHNOLOGIES, INC. (RCMT). Click either name above to swap in a different company.

Industrial Logistics Properties Trust is the larger business by last-quarter revenue ($113.9M vs $86.5M, roughly 1.3× RCM TECHNOLOGIES, INC.). RCM TECHNOLOGIES, INC. runs the higher net margin — 7.1% vs -1.6%, a 8.6% gap on every dollar of revenue. On growth, RCM TECHNOLOGIES, INC. posted the faster year-over-year revenue change (12.4% vs 3.1%). Over the past eight quarters, RCM TECHNOLOGIES, INC.'s revenue compounded faster (9.6% 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.

Exela Technologies, Inc. is an American business process automation ("BPA") company. It was created with the merger of SourceHOV LCC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2.

ILPT vs RCMT — Head-to-Head

Bigger by revenue
ILPT
ILPT
1.3× larger
ILPT
$113.9M
$86.5M
RCMT
Growing faster (revenue YoY)
RCMT
RCMT
+9.4% gap
RCMT
12.4%
3.1%
ILPT
Higher net margin
RCMT
RCMT
8.6% more per $
RCMT
7.1%
-1.6%
ILPT
Faster 2-yr revenue CAGR
RCMT
RCMT
Annualised
RCMT
9.6%
0.7%
ILPT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ILPT
ILPT
RCMT
RCMT
Revenue
$113.9M
$86.5M
Net Profit
$-1.8M
$6.1M
Gross Margin
28.1%
Operating Margin
-22.1%
9.2%
Net Margin
-1.6%
7.1%
Revenue YoY
3.1%
12.4%
Net Profit YoY
92.6%
112.9%
EPS (diluted)
$-0.02
$0.80

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
RCMT
RCMT
Q1 26
$86.5M
Q4 25
$113.9M
Q3 25
$110.9M
$70.3M
Q2 25
$112.1M
$78.2M
Q1 25
$111.9M
$84.5M
Q4 24
$110.5M
$76.9M
Q3 24
$108.9M
$60.4M
Q2 24
$110.6M
$69.2M
Net Profit
ILPT
ILPT
RCMT
RCMT
Q1 26
$6.1M
Q4 25
$-1.8M
Q3 25
$-21.6M
$2.3M
Q2 25
$-21.3M
$3.8M
Q1 25
$-21.5M
$4.2M
Q4 24
$-24.1M
$2.9M
Q3 24
$-25.0M
$2.7M
Q2 24
$-23.2M
$3.8M
Gross Margin
ILPT
ILPT
RCMT
RCMT
Q1 26
28.1%
Q4 25
Q3 25
27.6%
Q2 25
28.5%
Q1 25
26.0%
Q4 24
28.0%
Q3 24
29.6%
Q2 24
28.9%
Operating Margin
ILPT
ILPT
RCMT
RCMT
Q1 26
9.2%
Q4 25
-22.1%
Q3 25
-29.4%
5.6%
Q2 25
-30.8%
8.4%
Q1 25
-26.9%
7.8%
Q4 24
-31.1%
8.2%
Q3 24
-33.5%
7.3%
Q2 24
-32.4%
8.4%
Net Margin
ILPT
ILPT
RCMT
RCMT
Q1 26
7.1%
Q4 25
-1.6%
Q3 25
-19.4%
3.2%
Q2 25
-19.0%
4.8%
Q1 25
-19.2%
5.0%
Q4 24
-21.8%
3.7%
Q3 24
-22.9%
4.5%
Q2 24
-20.9%
5.4%
EPS (diluted)
ILPT
ILPT
RCMT
RCMT
Q1 26
$0.80
Q4 25
$-0.02
Q3 25
$-0.33
$0.30
Q2 25
$-0.32
$0.50
Q1 25
$-0.33
$0.54
Q4 24
$-0.37
$0.38
Q3 24
$-0.38
$0.35
Q2 24
$-0.35
$0.47

Balance Sheet & Financial Strength

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

Metric
ILPT
ILPT
RCMT
RCMT
Cash + ST InvestmentsLiquidity on hand
$94.8M
$2.9M
Total DebtLower is stronger
$4.2B
Stockholders' EquityBook value
$489.7M
$46.0M
Total Assets
$5.2B
$134.4M
Debt / EquityLower = less leverage
8.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ILPT
ILPT
RCMT
RCMT
Q1 26
$2.9M
Q4 25
$94.8M
Q3 25
$83.2M
$1.3M
Q2 25
$58.6M
$5.5M
Q1 25
$108.0M
$5.2M
Q4 24
$131.7M
$4.7M
Q3 24
$153.9M
$3.2M
Q2 24
$146.2M
$3.5M
Total Debt
ILPT
ILPT
RCMT
RCMT
Q1 26
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
Stockholders' Equity
ILPT
ILPT
RCMT
RCMT
Q1 26
$46.0M
Q4 25
$489.7M
Q3 25
$494.1M
$41.4M
Q2 25
$519.1M
$37.8M
Q1 25
$539.5M
$34.6M
Q4 24
$562.0M
$33.5M
Q3 24
$585.9M
$30.0M
Q2 24
$618.3M
$28.5M
Total Assets
ILPT
ILPT
RCMT
RCMT
Q1 26
$134.4M
Q4 25
$5.2B
Q3 25
$5.2B
$129.8M
Q2 25
$5.2B
$135.6M
Q1 25
$5.4B
$121.0M
Q4 24
$5.4B
$132.1M
Q3 24
$5.5B
$125.5M
Q2 24
$5.5B
$118.3M
Debt / Equity
ILPT
ILPT
RCMT
RCMT
Q1 26
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
ILPT
ILPT
RCMT
RCMT
Operating Cash FlowLast quarter
$60.7M
$19.0M
Free Cash FlowOCF − Capex
$42.0M
FCF MarginFCF / Revenue
36.9%
Capex IntensityCapex / Revenue
16.4%
Cash ConversionOCF / Net Profit
3.11×
TTM Free Cash FlowTrailing 4 quarters
$79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ILPT
ILPT
RCMT
RCMT
Q1 26
$19.0M
Q4 25
$60.7M
Q3 25
$22.7M
$-1.3M
Q2 25
$18.4M
$-7.9M
Q1 25
$11.4M
$16.7M
Q4 24
$2.0M
$-1.6M
Q3 24
$-3.4M
$-4.3M
Q2 24
$10.8M
$5.7M
Free Cash Flow
ILPT
ILPT
RCMT
RCMT
Q1 26
Q4 25
$42.0M
Q3 25
$17.6M
$-1.8M
Q2 25
$15.2M
$-8.4M
Q1 25
$5.0M
$16.2M
Q4 24
$-3.7M
$-2.6M
Q3 24
$-5.9M
$-4.9M
Q2 24
$9.4M
$5.3M
FCF Margin
ILPT
ILPT
RCMT
RCMT
Q1 26
Q4 25
36.9%
Q3 25
15.9%
-2.5%
Q2 25
13.5%
-10.7%
Q1 25
4.5%
19.2%
Q4 24
-3.4%
-3.4%
Q3 24
-5.5%
-8.1%
Q2 24
8.5%
7.7%
Capex Intensity
ILPT
ILPT
RCMT
RCMT
Q1 26
Q4 25
16.4%
Q3 25
4.6%
0.7%
Q2 25
2.9%
0.6%
Q1 25
5.7%
0.5%
Q4 24
5.2%
1.3%
Q3 24
2.3%
0.9%
Q2 24
1.3%
0.6%
Cash Conversion
ILPT
ILPT
RCMT
RCMT
Q1 26
3.11×
Q4 25
Q3 25
-0.56×
Q2 25
-2.08×
Q1 25
3.98×
Q4 24
-0.57×
Q3 24
-1.58×
Q2 24
1.52×

Financial Flow Comparison

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

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