vs
Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
SMITH & WESSON BRANDS, INC. is the larger business by last-quarter revenue ($124.7M vs $113.9M, roughly 1.1× Industrial Logistics Properties Trust). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -1.6%, a 3.1% gap on every dollar of revenue. On growth, Industrial Logistics Properties Trust posted the faster year-over-year revenue change (3.1% vs -3.9%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $16.3M). Over the past eight quarters, Industrial Logistics Properties Trust's revenue compounded faster (0.7% CAGR vs -4.8%).
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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
ILPT vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $124.7M |
| Net Profit | $-1.8M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | -22.1% | 3.3% |
| Net Margin | -1.6% | 1.5% |
| Revenue YoY | 3.1% | -3.9% |
| Net Profit YoY | 92.6% | -53.6% |
| EPS (diluted) | $-0.02 | $0.04 |
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 | $124.7M | ||
| Q3 25 | $110.9M | $85.1M | ||
| Q2 25 | $112.1M | $140.8M | ||
| Q1 25 | $111.9M | $115.9M | ||
| Q4 24 | $110.5M | $129.7M | ||
| Q3 24 | $108.9M | $88.3M | ||
| Q2 24 | $110.6M | $159.1M | ||
| Q1 24 | $112.2M | $137.5M |
| Q4 25 | $-1.8M | $1.9M | ||
| Q3 25 | $-21.6M | $-3.4M | ||
| Q2 25 | $-21.3M | $8.6M | ||
| Q1 25 | $-21.5M | $2.1M | ||
| Q4 24 | $-24.1M | $4.5M | ||
| Q3 24 | $-25.0M | $-1.9M | ||
| Q2 24 | $-23.2M | $27.9M | ||
| Q1 24 | $-23.4M | $7.9M |
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 25.9% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 27.4% | ||
| Q2 24 | — | 35.5% | ||
| Q1 24 | — | 28.7% |
| Q4 25 | -22.1% | 3.3% | ||
| Q3 25 | -29.4% | -3.5% | ||
| Q2 25 | -30.8% | 9.3% | ||
| Q1 25 | -26.9% | 4.1% | ||
| Q4 24 | -31.1% | 5.8% | ||
| Q3 24 | -33.5% | -1.7% | ||
| Q2 24 | -32.4% | 17.4% | ||
| Q1 24 | -31.7% | 8.2% |
| Q4 25 | -1.6% | 1.5% | ||
| Q3 25 | -19.4% | -4.0% | ||
| Q2 25 | -19.0% | 6.1% | ||
| Q1 25 | -19.2% | 1.8% | ||
| Q4 24 | -21.8% | 3.5% | ||
| Q3 24 | -22.9% | -2.1% | ||
| Q2 24 | -20.9% | 17.5% | ||
| Q1 24 | -20.9% | 5.7% |
| Q4 25 | $-0.02 | $0.04 | ||
| Q3 25 | $-0.33 | $-0.08 | ||
| Q2 25 | $-0.32 | $0.19 | ||
| Q1 25 | $-0.33 | $0.05 | ||
| Q4 24 | $-0.37 | $0.10 | ||
| Q3 24 | $-0.38 | $-0.04 | ||
| Q2 24 | $-0.35 | $0.60 | ||
| Q1 24 | $-0.36 | $0.17 |
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 | $22.4M |
| Total DebtLower is stronger | $4.2B | — |
| Stockholders' EquityBook value | $489.7M | $363.2M |
| Total Assets | $5.2B | $548.6M |
| Debt / EquityLower = less leverage | 8.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | $22.4M | ||
| Q3 25 | $83.2M | $18.0M | ||
| Q2 25 | $58.6M | $25.2M | ||
| Q1 25 | $108.0M | $26.7M | ||
| Q4 24 | $131.7M | $39.1M | ||
| Q3 24 | $153.9M | $35.5M | ||
| Q2 24 | $146.2M | $60.8M | ||
| Q1 24 | $128.4M | $47.4M |
| 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 | $363.2M | ||
| Q3 25 | $494.1M | $364.4M | ||
| Q2 25 | $519.1M | $372.5M | ||
| Q1 25 | $539.5M | $366.9M | ||
| Q4 24 | $562.0M | $371.5M | ||
| Q3 24 | $585.9M | $380.0M | ||
| Q2 24 | $618.3M | $399.9M | ||
| Q1 24 | $643.2M | $376.4M |
| Q4 25 | $5.2B | $548.6M | ||
| Q3 25 | $5.2B | $554.6M | ||
| Q2 25 | $5.2B | $559.6M | ||
| Q1 25 | $5.4B | $578.9M | ||
| Q4 24 | $5.4B | $587.4M | ||
| Q3 24 | $5.5B | $571.3M | ||
| Q2 24 | $5.5B | $577.4M | ||
| Q1 24 | $5.5B | $570.6M |
| 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 | $27.3M |
| Free Cash FlowOCF − Capex | $42.0M | $16.3M |
| FCF MarginFCF / Revenue | 36.9% | 13.1% |
| Capex IntensityCapex / Revenue | 16.4% | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | $27.3M | ||
| Q3 25 | $22.7M | $-8.1M | ||
| Q2 25 | $18.4M | $40.8M | ||
| Q1 25 | $11.4M | $-9.8M | ||
| Q4 24 | $2.0M | $-7.4M | ||
| Q3 24 | $-3.4M | $-30.8M | ||
| Q2 24 | $10.8M | $43.7M | ||
| Q1 24 | $8.0M | $25.2M |
| Q4 25 | $42.0M | $16.3M | ||
| Q3 25 | $17.6M | $-12.4M | ||
| Q2 25 | $15.2M | $33.5M | ||
| Q1 25 | $5.0M | $-16.1M | ||
| Q4 24 | $-3.7M | $-10.7M | ||
| Q3 24 | $-5.9M | $-35.5M | ||
| Q2 24 | $9.4M | $38.2M | ||
| Q1 24 | $5.9M | $7.0M |
| Q4 25 | 36.9% | 13.1% | ||
| Q3 25 | 15.9% | -14.6% | ||
| Q2 25 | 13.5% | 23.8% | ||
| Q1 25 | 4.5% | -13.9% | ||
| Q4 24 | -3.4% | -8.3% | ||
| Q3 24 | -5.5% | -40.2% | ||
| Q2 24 | 8.5% | 24.0% | ||
| Q1 24 | 5.2% | 5.1% |
| Q4 25 | 16.4% | 8.8% | ||
| Q3 25 | 4.6% | 5.0% | ||
| Q2 25 | 2.9% | 5.2% | ||
| Q1 25 | 5.7% | 5.4% | ||
| Q4 24 | 5.2% | 2.5% | ||
| Q3 24 | 2.3% | 5.3% | ||
| Q2 24 | 1.3% | 3.5% | ||
| Q1 24 | 1.9% | 13.2% |
| Q4 25 | — | 14.22× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.73× | ||
| Q1 25 | — | -4.68× | ||
| Q4 24 | — | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.57× | ||
| Q1 24 | — | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
