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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and VIEMED HEALTHCARE, INC. (VMD). Click either name above to swap in a different company.
Industrial Logistics Properties Trust is the larger business by last-quarter revenue ($113.9M vs $76.2M, roughly 1.5× VIEMED HEALTHCARE, INC.). VIEMED HEALTHCARE, INC. runs the higher net margin — 7.4% vs -1.6%, a 9.0% gap on every dollar of revenue. On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $9.7M). Over the past eight quarters, VIEMED HEALTHCARE, INC.'s revenue compounded faster (22.7% 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.
Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.
ILPT vs VMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $76.2M |
| Net Profit | $-1.8M | $5.6M |
| Gross Margin | — | 57.9% |
| Operating Margin | -22.1% | 11.0% |
| Net Margin | -1.6% | 7.4% |
| Revenue YoY | 3.1% | 25.5% |
| Net Profit YoY | 92.6% | 30.7% |
| EPS (diluted) | $-0.02 | $0.14 |
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 | $76.2M | ||
| Q3 25 | $110.9M | $71.9M | ||
| Q2 25 | $112.1M | $63.1M | ||
| Q1 25 | $111.9M | $59.1M | ||
| Q4 24 | $110.5M | $60.7M | ||
| Q3 24 | $108.9M | $58.0M | ||
| Q2 24 | $110.6M | $55.0M | ||
| Q1 24 | $112.2M | $50.6M |
| Q4 25 | $-1.8M | $5.6M | ||
| Q3 25 | $-21.6M | $3.5M | ||
| Q2 25 | $-21.3M | $3.2M | ||
| Q1 25 | $-21.5M | $2.6M | ||
| Q4 24 | $-24.1M | $4.3M | ||
| Q3 24 | $-25.0M | $3.9M | ||
| Q2 24 | $-23.2M | $1.5M | ||
| Q1 24 | $-23.4M | $1.6M |
| Q4 25 | — | 57.9% | ||
| Q3 25 | — | 57.5% | ||
| Q2 25 | — | 58.3% | ||
| Q1 25 | — | 56.3% | ||
| Q4 24 | — | 59.5% | ||
| Q3 24 | — | 59.3% | ||
| Q2 24 | — | 59.8% | ||
| Q1 24 | — | 58.9% |
| Q4 25 | -22.1% | 11.0% | ||
| Q3 25 | -29.4% | 7.8% | ||
| Q2 25 | -30.8% | 8.1% | ||
| Q1 25 | -26.9% | 6.5% | ||
| Q4 24 | -31.1% | 10.6% | ||
| Q3 24 | -33.5% | 9.7% | ||
| Q2 24 | -32.4% | 6.6% | ||
| Q1 24 | -31.7% | 4.4% |
| Q4 25 | -1.6% | 7.4% | ||
| Q3 25 | -19.4% | 4.9% | ||
| Q2 25 | -19.0% | 5.0% | ||
| Q1 25 | -19.2% | 4.4% | ||
| Q4 24 | -21.8% | 7.1% | ||
| Q3 24 | -22.9% | 6.7% | ||
| Q2 24 | -20.9% | 2.7% | ||
| Q1 24 | -20.9% | 3.2% |
| Q4 25 | $-0.02 | $0.14 | ||
| Q3 25 | $-0.33 | $0.09 | ||
| Q2 25 | $-0.32 | $0.08 | ||
| Q1 25 | $-0.33 | $0.06 | ||
| Q4 24 | $-0.37 | $0.10 | ||
| Q3 24 | $-0.38 | $0.10 | ||
| Q2 24 | $-0.35 | $0.04 | ||
| Q1 24 | $-0.36 | $0.04 |
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 | $13.5M |
| Total DebtLower is stronger | $4.2B | — |
| Stockholders' EquityBook value | $489.7M | $141.5M |
| Total Assets | $5.2B | $199.2M |
| Debt / EquityLower = less leverage | 8.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | $13.5M | ||
| Q3 25 | $83.2M | $11.1M | ||
| Q2 25 | $58.6M | $20.0M | ||
| Q1 25 | $108.0M | $10.2M | ||
| Q4 24 | $131.7M | $17.5M | ||
| Q3 24 | $153.9M | $11.3M | ||
| Q2 24 | $146.2M | $8.8M | ||
| Q1 24 | $128.4M | $7.3M |
| 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 | $141.5M | ||
| Q3 25 | $494.1M | $133.6M | ||
| Q2 25 | $519.1M | $139.7M | ||
| Q1 25 | $539.5M | $134.8M | ||
| Q4 24 | $562.0M | $131.4M | ||
| Q3 24 | $585.9M | $125.0M | ||
| Q2 24 | $618.3M | $119.4M | ||
| Q1 24 | $643.2M | $116.3M |
| Q4 25 | $5.2B | $199.2M | ||
| Q3 25 | $5.2B | $202.4M | ||
| Q2 25 | $5.2B | $184.6M | ||
| Q1 25 | $5.4B | $178.1M | ||
| Q4 24 | $5.4B | $177.1M | ||
| Q3 24 | $5.5B | $169.5M | ||
| Q2 24 | $5.5B | $163.9M | ||
| Q1 24 | $5.5B | $154.9M |
| 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 | $18.4M |
| Free Cash FlowOCF − Capex | $42.0M | $9.7M |
| FCF MarginFCF / Revenue | 36.9% | 12.7% |
| Capex IntensityCapex / Revenue | 16.4% | 11.5% |
| Cash ConversionOCF / Net Profit | — | 3.27× |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $11.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | $18.4M | ||
| Q3 25 | $22.7M | $18.4M | ||
| Q2 25 | $18.4M | $12.3M | ||
| Q1 25 | $11.4M | $2.9M | ||
| Q4 24 | $2.0M | $15.0M | ||
| Q3 24 | $-3.4M | $12.7M | ||
| Q2 24 | $10.8M | $10.2M | ||
| Q1 24 | $8.0M | $1.2M |
| Q4 25 | $42.0M | $9.7M | ||
| Q3 25 | $17.6M | $10.7M | ||
| Q2 25 | $15.2M | $4.1M | ||
| Q1 25 | $5.0M | $-12.6M | ||
| Q4 24 | $-3.7M | $3.2M | ||
| Q3 24 | $-5.9M | $1.7M | ||
| Q2 24 | $9.4M | $1.2M | ||
| Q1 24 | $5.9M | $-4.8M |
| Q4 25 | 36.9% | 12.7% | ||
| Q3 25 | 15.9% | 14.9% | ||
| Q2 25 | 13.5% | 6.5% | ||
| Q1 25 | 4.5% | -21.4% | ||
| Q4 24 | -3.4% | 5.2% | ||
| Q3 24 | -5.5% | 3.0% | ||
| Q2 24 | 8.5% | 2.3% | ||
| Q1 24 | 5.2% | -9.5% |
| Q4 25 | 16.4% | 11.5% | ||
| Q3 25 | 4.6% | 10.6% | ||
| Q2 25 | 2.9% | 12.9% | ||
| Q1 25 | 5.7% | 26.2% | ||
| Q4 24 | 5.2% | 19.5% | ||
| Q3 24 | 2.3% | 19.0% | ||
| Q2 24 | 1.3% | 16.3% | ||
| Q1 24 | 1.9% | 11.9% |
| Q4 25 | — | 3.27× | ||
| Q3 25 | — | 5.23× | ||
| Q2 25 | — | 3.88× | ||
| Q1 25 | — | 1.09× | ||
| Q4 24 | — | 3.47× | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 6.94× | ||
| Q1 24 | — | 0.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
