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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and SunOpta Inc. (STKL). Click either name above to swap in a different company.
SunOpta Inc. is the larger business by last-quarter revenue ($205.4M vs $113.9M, roughly 1.8× Industrial Logistics Properties Trust). SunOpta Inc. runs the higher net margin — 0.4% vs -1.6%, a 2.0% gap on every dollar of revenue. On growth, SunOpta Inc. posted the faster year-over-year revenue change (16.6% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $12.1M). Over the past eight quarters, SunOpta Inc.'s revenue compounded faster (7.4% 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.
SunOpta, Inc. is a multi-national food and mineral company headquartered in Eden Prairie, Minnesota and founded in 1973 in Canada.
ILPT vs STKL — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $205.4M |
| Net Profit | $-1.8M | $816.0K |
| Gross Margin | — | 12.4% |
| Operating Margin | -22.1% | 3.3% |
| Net Margin | -1.6% | 0.4% |
| Revenue YoY | 3.1% | 16.6% |
| Net Profit YoY | 92.6% | 113.1% |
| EPS (diluted) | $-0.02 | $0.01 |
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 | — | ||
| Q3 25 | $110.9M | $205.4M | ||
| Q2 25 | $112.1M | $191.5M | ||
| Q1 25 | $111.9M | $201.6M | ||
| Q4 24 | $110.5M | $193.9M | ||
| Q3 24 | $108.9M | $175.9M | ||
| Q2 24 | $110.6M | $169.5M | ||
| Q1 24 | $112.2M | $184.4M |
| Q4 25 | $-1.8M | — | ||
| Q3 25 | $-21.6M | $816.0K | ||
| Q2 25 | $-21.3M | $4.4M | ||
| Q1 25 | $-21.5M | $4.8M | ||
| Q4 24 | $-24.1M | $-8.7M | ||
| Q3 24 | $-25.0M | $-6.2M | ||
| Q2 24 | $-23.2M | $-5.3M | ||
| Q1 24 | $-23.4M | $2.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 12.4% | ||
| Q2 25 | — | 14.8% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 13.0% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 16.8% |
| Q4 25 | -22.1% | — | ||
| Q3 25 | -29.4% | 3.3% | ||
| Q2 25 | -30.8% | 5.5% | ||
| Q1 25 | -26.9% | 5.2% | ||
| Q4 24 | -31.1% | 1.4% | ||
| Q3 24 | -33.5% | 0.5% | ||
| Q2 24 | -32.4% | 1.2% | ||
| Q1 24 | -31.7% | 5.5% |
| Q4 25 | -1.6% | — | ||
| Q3 25 | -19.4% | 0.4% | ||
| Q2 25 | -19.0% | 2.3% | ||
| Q1 25 | -19.2% | 2.4% | ||
| Q4 24 | -21.8% | -4.5% | ||
| Q3 24 | -22.9% | -3.5% | ||
| Q2 24 | -20.9% | -3.1% | ||
| Q1 24 | -20.9% | 1.6% |
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $-0.33 | $0.01 | ||
| Q2 25 | $-0.32 | $0.03 | ||
| Q1 25 | $-0.33 | $0.04 | ||
| Q4 24 | $-0.37 | $-0.08 | ||
| Q3 24 | $-0.38 | $-0.05 | ||
| Q2 24 | $-0.35 | $-0.04 | ||
| Q1 24 | $-0.36 | $0.02 |
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 | $2.2M |
| Total DebtLower is stronger | $4.2B | $250.8M |
| Stockholders' EquityBook value | $489.7M | $162.8M |
| Total Assets | $5.2B | $694.1M |
| Debt / EquityLower = less leverage | 8.56× | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | — | ||
| Q3 25 | $83.2M | $2.2M | ||
| Q2 25 | $58.6M | $2.2M | ||
| Q1 25 | $108.0M | $2.3M | ||
| Q4 24 | $131.7M | $1.6M | ||
| Q3 24 | $153.9M | $2.9M | ||
| Q2 24 | $146.2M | $3.2M | ||
| Q1 24 | $128.4M | $1.5M |
| Q4 25 | $4.2B | — | ||
| Q3 25 | $4.2B | $250.8M | ||
| Q2 25 | $4.2B | $263.3M | ||
| Q1 25 | $4.3B | $260.6M | ||
| Q4 24 | $4.3B | $265.2M | ||
| Q3 24 | $4.3B | $289.9M | ||
| Q2 24 | $4.3B | $303.1M | ||
| Q1 24 | $4.3B | $258.8M |
| Q4 25 | $489.7M | — | ||
| Q3 25 | $494.1M | $162.8M | ||
| Q2 25 | $519.1M | $159.8M | ||
| Q1 25 | $539.5M | $154.8M | ||
| Q4 24 | $562.0M | $148.6M | ||
| Q3 24 | $585.9M | $155.0M | ||
| Q2 24 | $618.3M | $158.8M | ||
| Q1 24 | $643.2M | $163.6M |
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.2B | $694.1M | ||
| Q2 25 | $5.2B | $704.9M | ||
| Q1 25 | $5.4B | $690.7M | ||
| Q4 24 | $5.4B | $668.5M | ||
| Q3 24 | $5.5B | $699.3M | ||
| Q2 24 | $5.5B | $704.7M | ||
| Q1 24 | $5.5B | $671.8M |
| Q4 25 | 8.56× | — | ||
| Q3 25 | 8.49× | 1.54× | ||
| Q2 25 | 8.09× | 1.65× | ||
| Q1 25 | 7.96× | 1.68× | ||
| Q4 24 | 7.65× | 1.78× | ||
| Q3 24 | 7.35× | 1.87× | ||
| Q2 24 | 6.96× | 1.91× | ||
| Q1 24 | 6.70× | 1.58× |
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 | $16.3M |
| Free Cash FlowOCF − Capex | $42.0M | $12.1M |
| FCF MarginFCF / Revenue | 36.9% | 5.9% |
| Capex IntensityCapex / Revenue | 16.4% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 20.03× |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $36.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | — | ||
| Q3 25 | $22.7M | $16.3M | ||
| Q2 25 | $18.4M | $-4.5M | ||
| Q1 25 | $11.4M | $22.3M | ||
| Q4 24 | $2.0M | $33.1M | ||
| Q3 24 | $-3.4M | $17.2M | ||
| Q2 24 | $10.8M | $-5.6M | ||
| Q1 24 | $8.0M | $5.3M |
| Q4 25 | $42.0M | — | ||
| Q3 25 | $17.6M | $12.1M | ||
| Q2 25 | $15.2M | $-9.2M | ||
| Q1 25 | $5.0M | $9.5M | ||
| Q4 24 | $-3.7M | $24.0M | ||
| Q3 24 | $-5.9M | $11.7M | ||
| Q2 24 | $9.4M | $-15.3M | ||
| Q1 24 | $5.9M | $-2.3M |
| Q4 25 | 36.9% | — | ||
| Q3 25 | 15.9% | 5.9% | ||
| Q2 25 | 13.5% | -4.8% | ||
| Q1 25 | 4.5% | 4.7% | ||
| Q4 24 | -3.4% | 12.4% | ||
| Q3 24 | -5.5% | 6.6% | ||
| Q2 24 | 8.5% | -9.0% | ||
| Q1 24 | 5.2% | -1.2% |
| Q4 25 | 16.4% | — | ||
| Q3 25 | 4.6% | 2.1% | ||
| Q2 25 | 2.9% | 2.5% | ||
| Q1 25 | 5.7% | 6.3% | ||
| Q4 24 | 5.2% | 4.7% | ||
| Q3 24 | 2.3% | 3.2% | ||
| Q2 24 | 1.3% | 5.7% | ||
| Q1 24 | 1.9% | 4.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 20.03× | ||
| Q2 25 | — | -1.03× | ||
| Q1 25 | — | 4.63× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ILPT
Segment breakdown not available.
STKL
| Beverages And Broths | $161.4M | 79% |
| Fruit Snacks | $40.9M | 20% |
| Ingredients | $3.1M | 2% |
