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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and SITIME Corp (SITM). 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 $113.6M, roughly 1.0× SITIME Corp). On growth, SITIME Corp posted the faster year-over-year revenue change (88.3% vs 3.1%). Over the past eight quarters, SITIME Corp's revenue compounded faster (60.9% 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.

SiTime Corporation is a publicly traded fabless chipmaker based in Santa Clara, California that develops micro-electromechanical systems (MEMS), used for timing devices in electronics.

ILPT vs SITM — Head-to-Head

Bigger by revenue
ILPT
ILPT
1.0× larger
ILPT
$113.9M
$113.6M
SITM
Growing faster (revenue YoY)
SITM
SITM
+85.2% gap
SITM
88.3%
3.1%
ILPT
Faster 2-yr revenue CAGR
SITM
SITM
Annualised
SITM
60.9%
0.7%
ILPT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ILPT
ILPT
SITM
SITM
Revenue
$113.9M
$113.6M
Net Profit
$-1.8M
Gross Margin
59.0%
Operating Margin
-22.1%
30.2%
Net Margin
-1.6%
Revenue YoY
3.1%
88.3%
Net Profit YoY
92.6%
EPS (diluted)
$-0.02
$-0.20

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
SITM
SITM
Q1 26
$113.6M
Q4 25
$113.9M
$113.3M
Q3 25
$110.9M
$83.6M
Q2 25
$112.1M
$69.5M
Q1 25
$111.9M
$60.3M
Q4 24
$110.5M
$68.1M
Q3 24
$108.9M
$57.7M
Q2 24
$110.6M
$43.9M
Net Profit
ILPT
ILPT
SITM
SITM
Q1 26
Q4 25
$-1.8M
$9.2M
Q3 25
$-21.6M
$-8.0M
Q2 25
$-21.3M
$-20.2M
Q1 25
$-21.5M
$-23.9M
Q4 24
$-24.1M
$-18.8M
Q3 24
$-25.0M
$-19.3M
Q2 24
$-23.2M
$-26.8M
Gross Margin
ILPT
ILPT
SITM
SITM
Q1 26
59.0%
Q4 25
56.4%
Q3 25
53.5%
Q2 25
51.9%
Q1 25
50.3%
Q4 24
52.6%
Q3 24
51.1%
Q2 24
49.1%
Operating Margin
ILPT
ILPT
SITM
SITM
Q1 26
30.2%
Q4 25
-22.1%
1.6%
Q3 25
-29.4%
-19.2%
Q2 25
-30.8%
-35.4%
Q1 25
-26.9%
-46.6%
Q4 24
-31.1%
-33.8%
Q3 24
-33.5%
-43.1%
Q2 24
-32.4%
-73.7%
Net Margin
ILPT
ILPT
SITM
SITM
Q1 26
Q4 25
-1.6%
8.1%
Q3 25
-19.4%
-9.6%
Q2 25
-19.0%
-29.0%
Q1 25
-19.2%
-39.6%
Q4 24
-21.8%
-27.6%
Q3 24
-22.9%
-33.5%
Q2 24
-20.9%
-61.0%
EPS (diluted)
ILPT
ILPT
SITM
SITM
Q1 26
$-0.20
Q4 25
$-0.02
$0.44
Q3 25
$-0.33
$-0.31
Q2 25
$-0.32
$-0.84
Q1 25
$-0.33
$-1.01
Q4 24
$-0.37
$-0.80
Q3 24
$-0.38
$-0.83
Q2 24
$-0.35
$-1.16

Balance Sheet & Financial Strength

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

Metric
ILPT
ILPT
SITM
SITM
Cash + ST InvestmentsLiquidity on hand
$94.8M
$498.5M
Total DebtLower is stronger
$4.2B
Stockholders' EquityBook value
$489.7M
$1.2B
Total Assets
$5.2B
$1.3B
Debt / EquityLower = less leverage
8.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ILPT
ILPT
SITM
SITM
Q1 26
$498.5M
Q4 25
$94.8M
Q3 25
$83.2M
Q2 25
$58.6M
Q1 25
$108.0M
Q4 24
$131.7M
Q3 24
$153.9M
Q2 24
$146.2M
Total Debt
ILPT
ILPT
SITM
SITM
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
SITM
SITM
Q1 26
$1.2B
Q4 25
$489.7M
$1.2B
Q3 25
$494.1M
$1.1B
Q2 25
$519.1M
$1.1B
Q1 25
$539.5M
$692.5M
Q4 24
$562.0M
$699.7M
Q3 24
$585.9M
$696.2M
Q2 24
$618.3M
$692.5M
Total Assets
ILPT
ILPT
SITM
SITM
Q1 26
$1.3B
Q4 25
$5.2B
$1.3B
Q3 25
$5.2B
$1.3B
Q2 25
$5.2B
$1.3B
Q1 25
$5.4B
$872.1M
Q4 24
$5.4B
$885.0M
Q3 24
$5.5B
$877.9M
Q2 24
$5.5B
$878.6M
Debt / Equity
ILPT
ILPT
SITM
SITM
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
SITM
SITM
Operating Cash FlowLast quarter
$60.7M
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
SITM
SITM
Q1 26
Q4 25
$60.7M
$25.4M
Q3 25
$22.7M
$31.4M
Q2 25
$18.4M
$15.3M
Q1 25
$11.4M
$15.0M
Q4 24
$2.0M
$13.5M
Q3 24
$-3.4M
$8.2M
Q2 24
$10.8M
$-181.0K
Free Cash Flow
ILPT
ILPT
SITM
SITM
Q1 26
Q4 25
$42.0M
$13.0M
Q3 25
$17.6M
$26.3M
Q2 25
$15.2M
$-2.9M
Q1 25
$5.0M
$-1.3M
Q4 24
$-3.7M
$-2.4M
Q3 24
$-5.9M
$-6.7M
Q2 24
$9.4M
$-2.7M
FCF Margin
ILPT
ILPT
SITM
SITM
Q1 26
Q4 25
36.9%
11.5%
Q3 25
15.9%
31.5%
Q2 25
13.5%
-4.2%
Q1 25
4.5%
-2.1%
Q4 24
-3.4%
-3.5%
Q3 24
-5.5%
-11.6%
Q2 24
8.5%
-6.3%
Capex Intensity
ILPT
ILPT
SITM
SITM
Q1 26
Q4 25
16.4%
10.9%
Q3 25
4.6%
6.1%
Q2 25
2.9%
26.2%
Q1 25
5.7%
27.0%
Q4 24
5.2%
23.3%
Q3 24
2.3%
25.7%
Q2 24
1.3%
5.8%
Cash Conversion
ILPT
ILPT
SITM
SITM
Q1 26
Q4 25
2.77×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

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