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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $113.9M, roughly 1.9× Industrial Logistics Properties Trust). Vital Farms, Inc. runs the higher net margin — 7.6% vs -1.6%, a 9.2% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $-32.1M). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
ILPT vs VITL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $213.6M |
| Net Profit | $-1.8M | $16.3M |
| Gross Margin | — | 35.8% |
| Operating Margin | -22.1% | 10.0% |
| Net Margin | -1.6% | 7.6% |
| Revenue YoY | 3.1% | 28.7% |
| Net Profit YoY | 92.6% | 54.3% |
| EPS (diluted) | $-0.02 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $110.9M | $198.9M | ||
| Q2 25 | $112.1M | $184.8M | ||
| Q1 25 | $111.9M | $162.2M | ||
| Q4 24 | $110.5M | $166.0M | ||
| Q3 24 | $108.9M | $145.0M | ||
| Q2 24 | $110.6M | $147.4M | ||
| Q1 24 | $112.2M | $147.9M |
| Q4 25 | $-1.8M | $16.3M | ||
| Q3 25 | $-21.6M | $16.4M | ||
| Q2 25 | $-21.3M | $16.6M | ||
| Q1 25 | $-21.5M | $16.9M | ||
| Q4 24 | $-24.1M | $10.6M | ||
| Q3 24 | $-25.0M | $7.4M | ||
| Q2 24 | $-23.2M | $16.3M | ||
| Q1 24 | $-23.4M | $19.0M |
| Q4 25 | — | 35.8% | ||
| Q3 25 | — | 37.7% | ||
| Q2 25 | — | 38.9% | ||
| Q1 25 | — | 38.5% | ||
| Q4 24 | — | 36.1% | ||
| Q3 24 | — | 36.9% | ||
| Q2 24 | — | 39.1% | ||
| Q1 24 | — | 39.8% |
| Q4 25 | -22.1% | 10.0% | ||
| Q3 25 | -29.4% | 10.8% | ||
| Q2 25 | -30.8% | 12.9% | ||
| Q1 25 | -26.9% | 13.4% | ||
| Q4 24 | -31.1% | 7.8% | ||
| Q3 24 | -33.5% | 6.4% | ||
| Q2 24 | -32.4% | 11.6% | ||
| Q1 24 | -31.7% | 16.3% |
| Q4 25 | -1.6% | 7.6% | ||
| Q3 25 | -19.4% | 8.3% | ||
| Q2 25 | -19.0% | 9.0% | ||
| Q1 25 | -19.2% | 10.4% | ||
| Q4 24 | -21.8% | 6.4% | ||
| Q3 24 | -22.9% | 5.1% | ||
| Q2 24 | -20.9% | 11.1% | ||
| Q1 24 | -20.9% | 12.9% |
| Q4 25 | $-0.02 | $0.35 | ||
| Q3 25 | $-0.33 | $0.36 | ||
| Q2 25 | $-0.32 | $0.36 | ||
| Q1 25 | $-0.33 | $0.37 | ||
| Q4 24 | $-0.37 | $0.23 | ||
| Q3 24 | $-0.38 | $0.16 | ||
| Q2 24 | $-0.35 | $0.36 | ||
| Q1 24 | $-0.36 | $0.43 |
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 | $48.8M |
| Total DebtLower is stronger | $4.2B | — |
| Stockholders' EquityBook value | $489.7M | $351.3M |
| Total Assets | $5.2B | $518.7M |
| Debt / EquityLower = less leverage | 8.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | $48.8M | ||
| Q3 25 | $83.2M | $93.8M | ||
| Q2 25 | $58.6M | $108.2M | ||
| Q1 25 | $108.0M | $156.3M | ||
| Q4 24 | $131.7M | $150.6M | ||
| Q3 24 | $153.9M | $149.5M | ||
| Q2 24 | $146.2M | $133.2M | ||
| Q1 24 | $128.4M | $113.8M |
| 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 | $351.3M | ||
| Q3 25 | $494.1M | $331.2M | ||
| Q2 25 | $519.1M | $309.8M | ||
| Q1 25 | $539.5M | $288.9M | ||
| Q4 24 | $562.0M | $269.3M | ||
| Q3 24 | $585.9M | $253.4M | ||
| Q2 24 | $618.3M | $238.4M | ||
| Q1 24 | $643.2M | $213.3M |
| Q4 25 | $5.2B | $518.7M | ||
| Q3 25 | $5.2B | $481.5M | ||
| Q2 25 | $5.2B | $430.8M | ||
| Q1 25 | $5.4B | $376.9M | ||
| Q4 24 | $5.4B | $359.3M | ||
| Q3 24 | $5.5B | $344.7M | ||
| Q2 24 | $5.5B | $320.5M | ||
| Q1 24 | $5.5B | $300.2M |
| 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 | $5.8M |
| Free Cash FlowOCF − Capex | $42.0M | $-32.1M |
| FCF MarginFCF / Revenue | 36.9% | -15.1% |
| Capex IntensityCapex / Revenue | 16.4% | 17.8% |
| Cash ConversionOCF / Net Profit | — | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | $5.8M | ||
| Q3 25 | $22.7M | $23.4M | ||
| Q2 25 | $18.4M | $-761.0K | ||
| Q1 25 | $11.4M | $5.3M | ||
| Q4 24 | $2.0M | $14.8M | ||
| Q3 24 | $-3.4M | $10.0M | ||
| Q2 24 | $10.8M | $16.1M | ||
| Q1 24 | $8.0M | $23.9M |
| Q4 25 | $42.0M | $-32.1M | ||
| Q3 25 | $17.6M | $-10.6M | ||
| Q2 25 | $15.2M | $-7.6M | ||
| Q1 25 | $5.0M | $2.1M | ||
| Q4 24 | $-3.7M | $-3.4M | ||
| Q3 24 | $-5.9M | $6.4M | ||
| Q2 24 | $9.4M | $10.5M | ||
| Q1 24 | $5.9M | $22.6M |
| Q4 25 | 36.9% | -15.1% | ||
| Q3 25 | 15.9% | -5.3% | ||
| Q2 25 | 13.5% | -4.1% | ||
| Q1 25 | 4.5% | 1.3% | ||
| Q4 24 | -3.4% | -2.0% | ||
| Q3 24 | -5.5% | 4.4% | ||
| Q2 24 | 8.5% | 7.2% | ||
| Q1 24 | 5.2% | 15.3% |
| Q4 25 | 16.4% | 17.8% | ||
| Q3 25 | 4.6% | 17.1% | ||
| Q2 25 | 2.9% | 3.7% | ||
| Q1 25 | 5.7% | 1.9% | ||
| Q4 24 | 5.2% | 10.9% | ||
| Q3 24 | 2.3% | 2.5% | ||
| Q2 24 | 1.3% | 3.8% | ||
| Q1 24 | 1.9% | 0.9% |
| Q4 25 | — | 0.35× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | -0.05× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.34× | ||
| Q2 24 | — | 0.99× | ||
| Q1 24 | — | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ILPT
Segment breakdown not available.
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
