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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and STRATASYS LTD. (SSYS). Click either name above to swap in a different company.

STRATASYS LTD. is the larger business by last-quarter revenue ($137.0M vs $113.9M, roughly 1.2× Industrial Logistics Properties Trust). Industrial Logistics Properties Trust runs the higher net margin — -1.6% vs -40.6%, a 39.1% gap on every dollar of revenue. On growth, Industrial Logistics Properties Trust posted the faster year-over-year revenue change (3.1% vs -2.2%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $2.5M). Over the past eight quarters, Industrial Logistics Properties Trust's revenue compounded faster (0.7% CAGR vs -7.4%).

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.

Stratasys, Ltd. is an American-Israeli manufacturer of 3D printers, software, and materials for polymer additive manufacturing as well as 3D-printed parts on-demand. The company is incorporated in Israel. Engineers use Stratasys systems to model complex geometries in a wide range of polymer materials, including: ABS, polyphenylsulfone (PPSF), polycarbonate (PC), polyetherimide and Nylon 12.

ILPT vs SSYS — Head-to-Head

Bigger by revenue
SSYS
SSYS
1.2× larger
SSYS
$137.0M
$113.9M
ILPT
Growing faster (revenue YoY)
ILPT
ILPT
+5.2% gap
ILPT
3.1%
-2.2%
SSYS
Higher net margin
ILPT
ILPT
39.1% more per $
ILPT
-1.6%
-40.6%
SSYS
More free cash flow
ILPT
ILPT
$39.6M more FCF
ILPT
$42.0M
$2.5M
SSYS
Faster 2-yr revenue CAGR
ILPT
ILPT
Annualised
ILPT
0.7%
-7.4%
SSYS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ILPT
ILPT
SSYS
SSYS
Revenue
$113.9M
$137.0M
Net Profit
$-1.8M
$-55.6M
Gross Margin
41.0%
Operating Margin
-22.1%
-16.6%
Net Margin
-1.6%
-40.6%
Revenue YoY
3.1%
-2.2%
Net Profit YoY
92.6%
-109.0%
EPS (diluted)
$-0.02

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
SSYS
SSYS
Q4 25
$113.9M
Q3 25
$110.9M
$137.0M
Q2 25
$112.1M
$138.1M
Q1 25
$111.9M
$136.0M
Q4 24
$110.5M
Q3 24
$108.9M
$140.0M
Q2 24
$110.6M
$138.0M
Q1 24
$112.2M
$144.1M
Net Profit
ILPT
ILPT
SSYS
SSYS
Q4 25
$-1.8M
Q3 25
$-21.6M
$-55.6M
Q2 25
$-21.3M
$-16.7M
Q1 25
$-21.5M
$-13.1M
Q4 24
$-24.1M
Q3 24
$-25.0M
$-26.6M
Q2 24
$-23.2M
$-25.7M
Q1 24
$-23.4M
$-26.0M
Gross Margin
ILPT
ILPT
SSYS
SSYS
Q4 25
Q3 25
41.0%
Q2 25
43.1%
Q1 25
44.3%
Q4 24
Q3 24
44.8%
Q2 24
43.8%
Q1 24
44.4%
Operating Margin
ILPT
ILPT
SSYS
SSYS
Q4 25
-22.1%
Q3 25
-29.4%
-16.6%
Q2 25
-30.8%
-12.0%
Q1 25
-26.9%
-9.1%
Q4 24
-31.1%
Q3 24
-33.5%
-18.2%
Q2 24
-32.4%
-18.9%
Q1 24
-31.7%
-17.0%
Net Margin
ILPT
ILPT
SSYS
SSYS
Q4 25
-1.6%
Q3 25
-19.4%
-40.6%
Q2 25
-19.0%
-12.1%
Q1 25
-19.2%
-9.6%
Q4 24
-21.8%
Q3 24
-22.9%
-19.0%
Q2 24
-20.9%
-18.6%
Q1 24
-20.9%
-18.0%
EPS (diluted)
ILPT
ILPT
SSYS
SSYS
Q4 25
$-0.02
Q3 25
$-0.33
Q2 25
$-0.32
Q1 25
$-0.33
Q4 24
$-0.37
Q3 24
$-0.38
Q2 24
$-0.35
Q1 24
$-0.36

Balance Sheet & Financial Strength

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

Metric
ILPT
ILPT
SSYS
SSYS
Cash + ST InvestmentsLiquidity on hand
$94.8M
$71.5M
Total DebtLower is stronger
$4.2B
Stockholders' EquityBook value
$489.7M
$852.5M
Total Assets
$5.2B
$1.1B
Debt / EquityLower = less leverage
8.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ILPT
ILPT
SSYS
SSYS
Q4 25
$94.8M
Q3 25
$83.2M
$71.5M
Q2 25
$58.6M
$71.1M
Q1 25
$108.0M
$70.1M
Q4 24
$131.7M
Q3 24
$153.9M
$64.0M
Q2 24
$146.2M
$70.9M
Q1 24
$128.4M
$91.1M
Total Debt
ILPT
ILPT
SSYS
SSYS
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
Stockholders' Equity
ILPT
ILPT
SSYS
SSYS
Q4 25
$489.7M
Q3 25
$494.1M
$852.5M
Q2 25
$519.1M
$902.4M
Q1 25
$539.5M
$784.8M
Q4 24
$562.0M
Q3 24
$585.9M
$831.8M
Q2 24
$618.3M
$850.5M
Q1 24
$643.2M
$866.1M
Total Assets
ILPT
ILPT
SSYS
SSYS
Q4 25
$5.2B
Q3 25
$5.2B
$1.1B
Q2 25
$5.2B
$1.1B
Q1 25
$5.4B
$1.0B
Q4 24
$5.4B
Q3 24
$5.5B
$1.1B
Q2 24
$5.5B
$1.1B
Q1 24
$5.5B
$1.1B
Debt / Equity
ILPT
ILPT
SSYS
SSYS
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
ILPT
ILPT
SSYS
SSYS
Operating Cash FlowLast quarter
$60.7M
$6.9M
Free Cash FlowOCF − Capex
$42.0M
$2.5M
FCF MarginFCF / Revenue
36.9%
1.8%
Capex IntensityCapex / Revenue
16.4%
3.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$79.8M
$-11.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ILPT
ILPT
SSYS
SSYS
Q4 25
$60.7M
Q3 25
$22.7M
$6.9M
Q2 25
$18.4M
$-1.1M
Q1 25
$11.4M
$4.5M
Q4 24
$2.0M
Q3 24
$-3.4M
$-4.5M
Q2 24
$10.8M
$-2.4M
Q1 24
$8.0M
$7.3M
Free Cash Flow
ILPT
ILPT
SSYS
SSYS
Q4 25
$42.0M
Q3 25
$17.6M
$2.5M
Q2 25
$15.2M
$-8.4M
Q1 25
$5.0M
$789.0K
Q4 24
$-3.7M
Q3 24
$-5.9M
$-6.3M
Q2 24
$9.4M
$-4.9M
Q1 24
$5.9M
$5.0M
FCF Margin
ILPT
ILPT
SSYS
SSYS
Q4 25
36.9%
Q3 25
15.9%
1.8%
Q2 25
13.5%
-6.1%
Q1 25
4.5%
0.6%
Q4 24
-3.4%
Q3 24
-5.5%
-4.5%
Q2 24
8.5%
-3.6%
Q1 24
5.2%
3.5%
Capex Intensity
ILPT
ILPT
SSYS
SSYS
Q4 25
16.4%
Q3 25
4.6%
3.2%
Q2 25
2.9%
5.3%
Q1 25
5.7%
2.8%
Q4 24
5.2%
Q3 24
2.3%
1.3%
Q2 24
1.3%
1.8%
Q1 24
1.9%
1.6%

Financial Flow Comparison

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

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