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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.
Xometry, Inc. is the larger business by last-quarter revenue ($192.4M vs $113.9M, roughly 1.7× Industrial Logistics Properties Trust). Industrial Logistics Properties Trust runs the higher net margin — -1.6% vs -4.5%, a 2.9% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $-5.9M). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% 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.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
ILPT vs XMTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $192.4M |
| Net Profit | $-1.8M | $-8.6M |
| Gross Margin | — | 39.1% |
| Operating Margin | -22.1% | -4.6% |
| Net Margin | -1.6% | -4.5% |
| Revenue YoY | 3.1% | 29.5% |
| Net Profit YoY | 92.6% | 12.7% |
| EPS (diluted) | $-0.02 | — |
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 | $192.4M | ||
| Q3 25 | $110.9M | $180.7M | ||
| Q2 25 | $112.1M | $162.5M | ||
| Q1 25 | $111.9M | $151.0M | ||
| Q4 24 | $110.5M | $148.5M | ||
| Q3 24 | $108.9M | $141.7M | ||
| Q2 24 | $110.6M | $132.6M | ||
| Q1 24 | $112.2M | $122.7M |
| Q4 25 | $-1.8M | $-8.6M | ||
| Q3 25 | $-21.6M | $-11.6M | ||
| Q2 25 | $-21.3M | $-26.4M | ||
| Q1 25 | $-21.5M | $-15.1M | ||
| Q4 24 | $-24.1M | $-9.9M | ||
| Q3 24 | $-25.0M | $-10.2M | ||
| Q2 24 | $-23.2M | $-13.7M | ||
| Q1 24 | $-23.4M | $-16.6M |
| Q4 25 | — | 39.1% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 40.1% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 39.7% | ||
| Q3 24 | — | 39.4% | ||
| Q2 24 | — | 39.9% | ||
| Q1 24 | — | 39.0% |
| Q4 25 | -22.1% | -4.6% | ||
| Q3 25 | -29.4% | -6.1% | ||
| Q2 25 | -30.8% | -6.3% | ||
| Q1 25 | -26.9% | -10.2% | ||
| Q4 24 | -31.1% | -7.8% | ||
| Q3 24 | -33.5% | -8.1% | ||
| Q2 24 | -32.4% | -11.5% | ||
| Q1 24 | -31.7% | -14.6% |
| Q4 25 | -1.6% | -4.5% | ||
| Q3 25 | -19.4% | -6.4% | ||
| Q2 25 | -19.0% | -16.3% | ||
| Q1 25 | -19.2% | -10.0% | ||
| Q4 24 | -21.8% | -6.7% | ||
| Q3 24 | -22.9% | -7.2% | ||
| Q2 24 | -20.9% | -10.3% | ||
| Q1 24 | -20.9% | -13.5% |
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $-0.33 | — | ||
| Q2 25 | $-0.32 | — | ||
| Q1 25 | $-0.33 | — | ||
| Q4 24 | $-0.37 | — | ||
| Q3 24 | $-0.38 | — | ||
| Q2 24 | $-0.35 | — | ||
| Q1 24 | $-0.36 | — |
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 | $219.1M |
| Total DebtLower is stronger | $4.2B | — |
| Stockholders' EquityBook value | $489.7M | $275.6M |
| Total Assets | $5.2B | $703.7M |
| Debt / EquityLower = less leverage | 8.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | $219.1M | ||
| Q3 25 | $83.2M | $224.5M | ||
| Q2 25 | $58.6M | $225.8M | ||
| Q1 25 | $108.0M | $231.4M | ||
| Q4 24 | $131.7M | $239.8M | ||
| Q3 24 | $153.9M | $234.0M | ||
| Q2 24 | $146.2M | $240.9M | ||
| Q1 24 | $128.4M | $253.8M |
| 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 | $275.6M | ||
| Q3 25 | $494.1M | $272.0M | ||
| Q2 25 | $519.1M | $270.4M | ||
| Q1 25 | $539.5M | $309.9M | ||
| Q4 24 | $562.0M | $314.5M | ||
| Q3 24 | $585.9M | $315.2M | ||
| Q2 24 | $618.3M | $315.8M | ||
| Q1 24 | $643.2M | $320.4M |
| Q4 25 | $5.2B | $703.7M | ||
| Q3 25 | $5.2B | $698.9M | ||
| Q2 25 | $5.2B | $687.0M | ||
| Q1 25 | $5.4B | $690.1M | ||
| Q4 24 | $5.4B | $680.1M | ||
| Q3 24 | $5.5B | $678.2M | ||
| Q2 24 | $5.5B | $678.6M | ||
| Q1 24 | $5.5B | $692.5M |
| 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 | $4.4M |
| Free Cash FlowOCF − Capex | $42.0M | $-5.9M |
| FCF MarginFCF / Revenue | 36.9% | -3.0% |
| Capex IntensityCapex / Revenue | 16.4% | 5.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | $4.4M | ||
| Q3 25 | $22.7M | $5.8M | ||
| Q2 25 | $18.4M | $-427.0K | ||
| Q1 25 | $11.4M | $-3.7M | ||
| Q4 24 | $2.0M | $9.1M | ||
| Q3 24 | $-3.4M | $-3.6M | ||
| Q2 24 | $10.8M | $-9.1M | ||
| Q1 24 | $8.0M | $-11.7M |
| Q4 25 | $42.0M | $-5.9M | ||
| Q3 25 | $17.6M | $-1.7M | ||
| Q2 25 | $15.2M | $-7.4M | ||
| Q1 25 | $5.0M | $-9.2M | ||
| Q4 24 | $-3.7M | $4.5M | ||
| Q3 24 | $-5.9M | $-8.4M | ||
| Q2 24 | $9.4M | $-13.5M | ||
| Q1 24 | $5.9M | $-16.1M |
| Q4 25 | 36.9% | -3.0% | ||
| Q3 25 | 15.9% | -0.9% | ||
| Q2 25 | 13.5% | -4.5% | ||
| Q1 25 | 4.5% | -6.1% | ||
| Q4 24 | -3.4% | 3.1% | ||
| Q3 24 | -5.5% | -6.0% | ||
| Q2 24 | 8.5% | -10.2% | ||
| Q1 24 | 5.2% | -13.1% |
| Q4 25 | 16.4% | 5.3% | ||
| Q3 25 | 4.6% | 4.1% | ||
| Q2 25 | 2.9% | 4.3% | ||
| Q1 25 | 5.7% | 3.6% | ||
| Q4 24 | 5.2% | 3.1% | ||
| Q3 24 | 2.3% | 3.4% | ||
| Q2 24 | 1.3% | 3.3% | ||
| Q1 24 | 1.9% | 3.5% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ILPT
Segment breakdown not available.
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
