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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and RHYTHM PHARMACEUTICALS, INC. (RYTM). 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 $57.3M, roughly 2.0× RHYTHM PHARMACEUTICALS, INC.). Industrial Logistics Properties Trust runs the higher net margin — -1.6% vs -83.0%, a 81.4% gap on every dollar of revenue. On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs 3.1%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% 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.
Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.
ILPT vs RYTM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $57.3M |
| Net Profit | $-1.8M | $-47.5M |
| Gross Margin | — | 91.6% |
| Operating Margin | -22.1% | -82.2% |
| Net Margin | -1.6% | -83.0% |
| Revenue YoY | 3.1% | 36.9% |
| Net Profit YoY | 92.6% | -9.6% |
| EPS (diluted) | $-0.02 | $-0.73 |
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 | $57.3M | ||
| Q3 25 | $110.9M | $51.3M | ||
| Q2 25 | $112.1M | $48.5M | ||
| Q1 25 | $111.9M | $32.7M | ||
| Q4 24 | $110.5M | $41.8M | ||
| Q3 24 | $108.9M | $33.3M | ||
| Q2 24 | $110.6M | $29.1M | ||
| Q1 24 | $112.2M | $26.0M |
| Q4 25 | $-1.8M | $-47.5M | ||
| Q3 25 | $-21.6M | $-52.9M | ||
| Q2 25 | $-21.3M | $-46.6M | ||
| Q1 25 | $-21.5M | $-49.5M | ||
| Q4 24 | $-24.1M | $-43.3M | ||
| Q3 24 | $-25.0M | $-43.6M | ||
| Q2 24 | $-23.2M | $-32.3M | ||
| Q1 24 | $-23.4M | $-141.4M |
| Q4 25 | — | 91.6% | ||
| Q3 25 | — | 89.3% | ||
| Q2 25 | — | 88.6% | ||
| Q1 25 | — | 88.8% | ||
| Q4 24 | — | 90.9% | ||
| Q3 24 | — | 88.5% | ||
| Q2 24 | — | 89.9% | ||
| Q1 24 | — | 89.2% |
| Q4 25 | -22.1% | -82.2% | ||
| Q3 25 | -29.4% | -102.6% | ||
| Q2 25 | -30.8% | -93.4% | ||
| Q1 25 | -26.9% | -143.7% | ||
| Q4 24 | -31.1% | -98.6% | ||
| Q3 24 | -33.5% | -132.0% | ||
| Q2 24 | -32.4% | -139.2% | ||
| Q1 24 | -31.7% | -538.7% |
| Q4 25 | -1.6% | -83.0% | ||
| Q3 25 | -19.4% | -103.1% | ||
| Q2 25 | -19.0% | -96.1% | ||
| Q1 25 | -19.2% | -151.4% | ||
| Q4 24 | -21.8% | -103.6% | ||
| Q3 24 | -22.9% | -131.2% | ||
| Q2 24 | -20.9% | -110.9% | ||
| Q1 24 | -20.9% | -544.4% |
| Q4 25 | $-0.02 | $-0.73 | ||
| Q3 25 | $-0.33 | $-0.82 | ||
| Q2 25 | $-0.32 | $-0.75 | ||
| Q1 25 | $-0.33 | $-0.81 | ||
| Q4 24 | $-0.37 | $-0.71 | ||
| Q3 24 | $-0.38 | $-0.73 | ||
| Q2 24 | $-0.35 | $-0.55 | ||
| Q1 24 | $-0.36 | $-2.35 |
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 | $388.9M |
| Total DebtLower is stronger | $4.2B | — |
| Stockholders' EquityBook value | $489.7M | $139.1M |
| Total Assets | $5.2B | $480.2M |
| Debt / EquityLower = less leverage | 8.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | $388.9M | ||
| Q3 25 | $83.2M | $416.1M | ||
| Q2 25 | $58.6M | $291.0M | ||
| Q1 25 | $108.0M | $314.5M | ||
| Q4 24 | $131.7M | $320.6M | ||
| Q3 24 | $153.9M | $298.4M | ||
| Q2 24 | $146.2M | $319.1M | ||
| Q1 24 | $128.4M | $201.2M |
| 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 | $139.1M | ||
| Q3 25 | $494.1M | $148.8M | ||
| Q2 25 | $519.1M | $-11.9M | ||
| Q1 25 | $539.5M | $18.9M | ||
| Q4 24 | $562.0M | $21.7M | ||
| Q3 24 | $585.9M | $11.2M | ||
| Q2 24 | $618.3M | $39.3M | ||
| Q1 24 | $643.2M | $61.6M |
| Q4 25 | $5.2B | $480.2M | ||
| Q3 25 | $5.2B | $506.9M | ||
| Q2 25 | $5.2B | $372.7M | ||
| Q1 25 | $5.4B | $386.7M | ||
| Q4 24 | $5.4B | $392.3M | ||
| Q3 24 | $5.5B | $363.6M | ||
| Q2 24 | $5.5B | $381.8M | ||
| Q1 24 | $5.5B | $258.7M |
| 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 | $-25.4M |
| 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.
| Q4 25 | $60.7M | $-25.4M | ||
| Q3 25 | $22.7M | $-26.6M | ||
| Q2 25 | $18.4M | $-23.3M | ||
| Q1 25 | $11.4M | $-40.4M | ||
| Q4 24 | $2.0M | $-18.8M | ||
| Q3 24 | $-3.4M | $-25.2M | ||
| Q2 24 | $10.8M | $-29.1M | ||
| Q1 24 | $8.0M | $-40.7M |
| 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 | — |
| 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% | — |
| 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.
