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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and Shutterstock, Inc. (SSTK). Click either name above to swap in a different company.
Shutterstock, Inc. is the larger business by last-quarter revenue ($220.2M vs $113.9M, roughly 1.9× Industrial Logistics Properties Trust). Industrial Logistics Properties Trust runs the higher net margin — -1.6% vs -7.3%, a 5.7% gap on every dollar of revenue. On growth, Industrial Logistics Properties Trust posted the faster year-over-year revenue change (3.1% vs -12.0%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $25.9M). Over the past eight quarters, Shutterstock, Inc.'s revenue compounded faster (1.4% 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.
Shutterstock, Inc. is an American provider of stock photography, stock footage, stock music, and editing tools; it is headquartered in New York. Founded in 2002 by programmer and photographer Jon Oringer, Shutterstock maintains a library of around 200 million royalty-free stock photos, vector graphics, and illustrations, with around 10 million video clips and music tracks available for licensing. Originally a subscription site only, Shutterstock expanded beyond subscriptions into à la carte p...
ILPT vs SSTK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $113.9M | $220.2M |
| Net Profit | $-1.8M | $-16.0M |
| Gross Margin | — | 55.8% |
| Operating Margin | -22.1% | -1.1% |
| Net Margin | -1.6% | -7.3% |
| Revenue YoY | 3.1% | -12.0% |
| Net Profit YoY | 92.6% | -1021.0% |
| EPS (diluted) | $-0.02 | $-0.47 |
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 | $220.2M | ||
| Q3 25 | $110.9M | $260.1M | ||
| Q2 25 | $112.1M | $267.0M | ||
| Q1 25 | $111.9M | $242.6M | ||
| Q4 24 | $110.5M | $250.3M | ||
| Q3 24 | $108.9M | $250.6M | ||
| Q2 24 | $110.6M | $220.1M | ||
| Q1 24 | $112.2M | $214.3M |
| Q4 25 | $-1.8M | $-16.0M | ||
| Q3 25 | $-21.6M | $13.4M | ||
| Q2 25 | $-21.3M | $29.4M | ||
| Q1 25 | $-21.5M | $18.7M | ||
| Q4 24 | $-24.1M | $-1.4M | ||
| Q3 24 | $-25.0M | $17.6M | ||
| Q2 24 | $-23.2M | $3.6M | ||
| Q1 24 | $-23.4M | $16.1M |
| Q4 25 | — | 55.8% | ||
| Q3 25 | — | 60.6% | ||
| Q2 25 | — | 60.3% | ||
| Q1 25 | — | 58.4% | ||
| Q4 24 | — | 55.1% | ||
| Q3 24 | — | 58.3% | ||
| Q2 24 | — | 58.5% | ||
| Q1 24 | — | 58.8% |
| Q4 25 | -22.1% | -1.1% | ||
| Q3 25 | -29.4% | 12.5% | ||
| Q2 25 | -30.8% | 13.0% | ||
| Q1 25 | -26.9% | 4.2% | ||
| Q4 24 | -31.1% | 5.3% | ||
| Q3 24 | -33.5% | 7.2% | ||
| Q2 24 | -32.4% | 9.4% | ||
| Q1 24 | -31.7% | 7.8% |
| Q4 25 | -1.6% | -7.3% | ||
| Q3 25 | -19.4% | 5.1% | ||
| Q2 25 | -19.0% | 11.0% | ||
| Q1 25 | -19.2% | 7.7% | ||
| Q4 24 | -21.8% | -0.6% | ||
| Q3 24 | -22.9% | 7.0% | ||
| Q2 24 | -20.9% | 1.6% | ||
| Q1 24 | -20.9% | 7.5% |
| Q4 25 | $-0.02 | $-0.47 | ||
| Q3 25 | $-0.33 | $0.37 | ||
| Q2 25 | $-0.32 | $0.82 | ||
| Q1 25 | $-0.33 | $0.53 | ||
| Q4 24 | $-0.37 | $-0.04 | ||
| Q3 24 | $-0.38 | $0.50 | ||
| Q2 24 | $-0.35 | $0.10 | ||
| Q1 24 | $-0.36 | $0.45 |
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 | $178.2M |
| Total DebtLower is stronger | $4.2B | — |
| Stockholders' EquityBook value | $489.7M | $581.0M |
| Total Assets | $5.2B | $1.4B |
| Debt / EquityLower = less leverage | 8.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | $178.2M | ||
| Q3 25 | $83.2M | $165.5M | ||
| Q2 25 | $58.6M | $116.4M | ||
| Q1 25 | $108.0M | $112.2M | ||
| Q4 24 | $131.7M | $111.3M | ||
| Q3 24 | $153.9M | $131.4M | ||
| Q2 24 | $146.2M | $74.9M | ||
| Q1 24 | $128.4M | $71.8M |
| 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 | $581.0M | ||
| Q3 25 | $494.1M | $594.4M | ||
| Q2 25 | $519.1M | $586.2M | ||
| Q1 25 | $539.5M | $547.2M | ||
| Q4 24 | $562.0M | $518.4M | ||
| Q3 24 | $585.9M | $522.9M | ||
| Q2 24 | $618.3M | $520.4M | ||
| Q1 24 | $643.2M | $541.3M |
| Q4 25 | $5.2B | $1.4B | ||
| Q3 25 | $5.2B | $1.4B | ||
| Q2 25 | $5.2B | $1.4B | ||
| Q1 25 | $5.4B | $1.3B | ||
| Q4 24 | $5.4B | $1.3B | ||
| Q3 24 | $5.5B | $1.3B | ||
| Q2 24 | $5.5B | $1.0B | ||
| Q1 24 | $5.5B | $1.0B |
| 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 | $36.2M |
| Free Cash FlowOCF − Capex | $42.0M | $25.9M |
| FCF MarginFCF / Revenue | 36.9% | 11.8% |
| Capex IntensityCapex / Revenue | 16.4% | 4.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $123.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | $36.2M | ||
| Q3 25 | $22.7M | $78.4M | ||
| Q2 25 | $18.4M | $26.8M | ||
| Q1 25 | $11.4M | $25.2M | ||
| Q4 24 | $2.0M | $8.0M | ||
| Q3 24 | $-3.4M | $-11.6M | ||
| Q2 24 | $10.8M | $28.0M | ||
| Q1 24 | $8.0M | $8.3M |
| Q4 25 | $42.0M | $25.9M | ||
| Q3 25 | $17.6M | $68.0M | ||
| Q2 25 | $15.2M | $15.5M | ||
| Q1 25 | $5.0M | $14.4M | ||
| Q4 24 | $-3.7M | $-952.0K | ||
| Q3 24 | $-5.9M | $-26.3M | ||
| Q2 24 | $9.4M | $18.9M | ||
| Q1 24 | $5.9M | $-6.2M |
| Q4 25 | 36.9% | 11.8% | ||
| Q3 25 | 15.9% | 26.1% | ||
| Q2 25 | 13.5% | 5.8% | ||
| Q1 25 | 4.5% | 6.0% | ||
| Q4 24 | -3.4% | -0.4% | ||
| Q3 24 | -5.5% | -10.5% | ||
| Q2 24 | 8.5% | 8.6% | ||
| Q1 24 | 5.2% | -2.9% |
| Q4 25 | 16.4% | 4.7% | ||
| Q3 25 | 4.6% | 4.0% | ||
| Q2 25 | 2.9% | 4.2% | ||
| Q1 25 | 5.7% | 4.5% | ||
| Q4 24 | 5.2% | 3.6% | ||
| Q3 24 | 2.3% | 5.9% | ||
| Q2 24 | 1.3% | 4.1% | ||
| Q1 24 | 1.9% | 6.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.86× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 1.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.66× | ||
| Q2 24 | — | 7.71× | ||
| Q1 24 | — | 0.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.