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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and T1 Energy Inc. (TE). Click either name above to swap in a different company.
T1 Energy Inc. is the larger business by last-quarter revenue ($210.5M vs $113.9M, roughly 1.8× Industrial Logistics Properties Trust). Industrial Logistics Properties Trust runs the higher net margin — -1.6% vs -62.0%, a 60.5% gap on every dollar of revenue. T1 Energy Inc. produced more free cash flow last quarter ($55.0M vs $42.0M).
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.
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
ILPT vs TE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $210.5M |
| Net Profit | $-1.8M | $-130.6M |
| Gross Margin | — | 10.0% |
| Operating Margin | -22.1% | -45.0% |
| Net Margin | -1.6% | -62.0% |
| Revenue YoY | 3.1% | — |
| Net Profit YoY | 92.6% | -375.2% |
| EPS (diluted) | $-0.02 | $-0.87 |
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 | $210.5M | ||
| Q2 25 | $112.1M | $132.8M | ||
| Q1 25 | $111.9M | $53.5M | ||
| Q4 24 | $110.5M | — | ||
| Q3 24 | $108.9M | $0 | ||
| Q2 24 | $110.6M | $0 | ||
| Q1 24 | $112.2M | $0 |
| Q4 25 | $-1.8M | — | ||
| Q3 25 | $-21.6M | $-130.6M | ||
| Q2 25 | $-21.3M | $-31.9M | ||
| Q1 25 | $-21.5M | $-16.2M | ||
| Q4 24 | $-24.1M | — | ||
| Q3 24 | $-25.0M | $-27.5M | ||
| Q2 24 | $-23.2M | $-27.0M | ||
| Q1 24 | $-23.4M | $-28.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 10.0% | ||
| Q2 25 | — | 24.7% | ||
| Q1 25 | — | 33.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -22.1% | — | ||
| Q3 25 | -29.4% | -45.0% | ||
| Q2 25 | -30.8% | -22.0% | ||
| Q1 25 | -26.9% | -44.2% | ||
| Q4 24 | -31.1% | — | ||
| Q3 24 | -33.5% | — | ||
| Q2 24 | -32.4% | — | ||
| Q1 24 | -31.7% | — |
| Q4 25 | -1.6% | — | ||
| Q3 25 | -19.4% | -62.0% | ||
| Q2 25 | -19.0% | -24.0% | ||
| Q1 25 | -19.2% | -30.4% | ||
| Q4 24 | -21.8% | — | ||
| Q3 24 | -22.9% | — | ||
| Q2 24 | -20.9% | — | ||
| Q1 24 | -20.9% | — |
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $-0.33 | $-0.87 | ||
| Q2 25 | $-0.32 | $-0.21 | ||
| Q1 25 | $-0.33 | $-0.11 | ||
| Q4 24 | $-0.37 | — | ||
| Q3 24 | $-0.38 | $-0.20 | ||
| Q2 24 | $-0.35 | $-0.19 | ||
| Q1 24 | $-0.36 | $-0.20 |
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 | $34.1M |
| Total DebtLower is stronger | $4.2B | $547.3M |
| Stockholders' EquityBook value | $489.7M | $96.9M |
| Total Assets | $5.2B | $1.4B |
| Debt / EquityLower = less leverage | 8.56× | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | — | ||
| Q3 25 | $83.2M | $34.1M | ||
| Q2 25 | $58.6M | $8.5M | ||
| Q1 25 | $108.0M | $48.9M | ||
| Q4 24 | $131.7M | — | ||
| Q3 24 | $153.9M | $181.9M | ||
| Q2 24 | $146.2M | $219.6M | ||
| Q1 24 | $128.4M | $249.9M |
| Q4 25 | $4.2B | — | ||
| Q3 25 | $4.2B | $547.3M | ||
| Q2 25 | $4.2B | $591.2M | ||
| Q1 25 | $4.3B | $603.2M | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.3B | $602.3M |
| Q4 25 | $489.7M | — | ||
| Q3 25 | $494.1M | $96.9M | ||
| Q2 25 | $519.1M | $183.9M | ||
| Q1 25 | $539.5M | $201.9M | ||
| Q4 24 | $562.0M | — | ||
| Q3 24 | $585.9M | $538.7M | ||
| Q2 24 | $618.3M | $561.6M | ||
| Q1 24 | $643.2M | $582.3M |
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.2B | $1.4B | ||
| Q2 25 | $5.2B | $1.4B | ||
| Q1 25 | $5.4B | $1.4B | ||
| Q4 24 | $5.4B | — | ||
| Q3 24 | $5.5B | $615.0M | ||
| Q2 24 | $5.5B | $644.4M | ||
| Q1 24 | $5.5B | $670.3M |
| Q4 25 | 8.56× | — | ||
| Q3 25 | 8.49× | 5.65× | ||
| Q2 25 | 8.09× | 3.21× | ||
| Q1 25 | 7.96× | 2.99× | ||
| Q4 24 | 7.65× | — | ||
| Q3 24 | 7.35× | — | ||
| Q2 24 | 6.96× | — | ||
| Q1 24 | 6.70× | 1.03× |
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 | $63.9M |
| Free Cash FlowOCF − Capex | $42.0M | $55.0M |
| FCF MarginFCF / Revenue | 36.9% | 26.1% |
| Capex IntensityCapex / Revenue | 16.4% | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | — | ||
| Q3 25 | $22.7M | $63.9M | ||
| Q2 25 | $18.4M | $33.4M | ||
| Q1 25 | $11.4M | $-44.8M | ||
| Q4 24 | $2.0M | — | ||
| Q3 24 | $-3.4M | $-28.4M | ||
| Q2 24 | $10.8M | $-28.0M | ||
| Q1 24 | $8.0M | $-16.2M |
| Q4 25 | $42.0M | — | ||
| Q3 25 | $17.6M | $55.0M | ||
| Q2 25 | $15.2M | $10.6M | ||
| Q1 25 | $5.0M | $-74.0M | ||
| Q4 24 | $-3.7M | — | ||
| Q3 24 | $-5.9M | $-34.0M | ||
| Q2 24 | $9.4M | $-35.6M | ||
| Q1 24 | $5.9M | $-37.7M |
| Q4 25 | 36.9% | — | ||
| Q3 25 | 15.9% | 26.1% | ||
| Q2 25 | 13.5% | 8.0% | ||
| Q1 25 | 4.5% | -138.4% | ||
| Q4 24 | -3.4% | — | ||
| Q3 24 | -5.5% | — | ||
| Q2 24 | 8.5% | — | ||
| Q1 24 | 5.2% | — |
| Q4 25 | 16.4% | — | ||
| Q3 25 | 4.6% | 4.2% | ||
| Q2 25 | 2.9% | 17.2% | ||
| Q1 25 | 5.7% | 54.5% | ||
| Q4 24 | 5.2% | — | ||
| Q3 24 | 2.3% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.9% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ILPT
Segment breakdown not available.
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
