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Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) and ZIPRECRUITER, INC. (ZIP). 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 $111.7M, roughly 1.0× ZIPRECRUITER, INC.). ZIPRECRUITER, INC. runs the higher net margin — -0.7% vs -1.6%, a 0.8% gap on every dollar of revenue. On growth, Industrial Logistics Properties Trust posted the faster year-over-year revenue change (3.1% vs 0.6%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $7.6M). Over the past eight quarters, Industrial Logistics Properties Trust's revenue compounded faster (0.7% CAGR vs -4.4%).
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.
ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.
ILPT vs ZIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $111.7M |
| Net Profit | $-1.8M | $-835.0K |
| Gross Margin | — | 89.1% |
| Operating Margin | -22.1% | 3.6% |
| Net Margin | -1.6% | -0.7% |
| Revenue YoY | 3.1% | 0.6% |
| Net Profit YoY | 92.6% | 92.3% |
| EPS (diluted) | $-0.02 | $-0.03 |
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 | $111.7M | ||
| Q3 25 | $110.9M | $115.0M | ||
| Q2 25 | $112.1M | $112.2M | ||
| Q1 25 | $111.9M | $110.1M | ||
| Q4 24 | $110.5M | $111.0M | ||
| Q3 24 | $108.9M | $117.1M | ||
| Q2 24 | $110.6M | $123.7M | ||
| Q1 24 | $112.2M | $122.2M |
| Q4 25 | $-1.8M | $-835.0K | ||
| Q3 25 | $-21.6M | $-9.8M | ||
| Q2 25 | $-21.3M | $-9.5M | ||
| Q1 25 | $-21.5M | $-12.8M | ||
| Q4 24 | $-24.1M | $-10.8M | ||
| Q3 24 | $-25.0M | $-2.6M | ||
| Q2 24 | $-23.2M | $7.0M | ||
| Q1 24 | $-23.4M | $-6.5M |
| Q4 25 | — | 89.1% | ||
| Q3 25 | — | 89.1% | ||
| Q2 25 | — | 89.3% | ||
| Q1 25 | — | 89.4% | ||
| Q4 24 | — | 89.6% | ||
| Q3 24 | — | 89.4% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | — | 89.1% |
| Q4 25 | -22.1% | 3.6% | ||
| Q3 25 | -29.4% | -4.4% | ||
| Q2 25 | -30.8% | -5.9% | ||
| Q1 25 | -26.9% | -10.6% | ||
| Q4 24 | -31.1% | -3.6% | ||
| Q3 24 | -33.5% | -2.8% | ||
| Q2 24 | -32.4% | 7.6% | ||
| Q1 24 | -31.7% | -0.7% |
| Q4 25 | -1.6% | -0.7% | ||
| Q3 25 | -19.4% | -8.5% | ||
| Q2 25 | -19.0% | -8.5% | ||
| Q1 25 | -19.2% | -11.7% | ||
| Q4 24 | -21.8% | -9.7% | ||
| Q3 24 | -22.9% | -2.2% | ||
| Q2 24 | -20.9% | 5.7% | ||
| Q1 24 | -20.9% | -5.3% |
| Q4 25 | $-0.02 | $-0.03 | ||
| Q3 25 | $-0.33 | $-0.11 | ||
| Q2 25 | $-0.32 | $-0.10 | ||
| Q1 25 | $-0.33 | $-0.13 | ||
| Q4 24 | $-0.37 | $-0.10 | ||
| Q3 24 | $-0.38 | $-0.03 | ||
| Q2 24 | $-0.35 | $0.07 | ||
| Q1 24 | $-0.36 | $-0.07 |
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 | $188.0M |
| Total DebtLower is stronger | $4.2B | — |
| Stockholders' EquityBook value | $489.7M | $-77.2M |
| Total Assets | $5.2B | $569.7M |
| Debt / EquityLower = less leverage | 8.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $94.8M | $188.0M | ||
| Q3 25 | $83.2M | $211.8M | ||
| Q2 25 | $58.6M | $203.5M | ||
| Q1 25 | $108.0M | $221.1M | ||
| Q4 24 | $131.7M | $218.4M | ||
| Q3 24 | $153.9M | $225.6M | ||
| Q2 24 | $146.2M | $271.7M | ||
| Q1 24 | $128.4M | $282.5M |
| 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 | $-77.2M | ||
| Q3 25 | $494.1M | $-76.1M | ||
| Q2 25 | $519.1M | $-65.9M | ||
| Q1 25 | $539.5M | $-11.3M | ||
| Q4 24 | $562.0M | $13.4M | ||
| Q3 24 | $585.9M | $13.6M | ||
| Q2 24 | $618.3M | $24.4M | ||
| Q1 24 | $643.2M | $12.7M |
| Q4 25 | $5.2B | $569.7M | ||
| Q3 25 | $5.2B | $573.6M | ||
| Q2 25 | $5.2B | $592.4M | ||
| Q1 25 | $5.4B | $629.4M | ||
| Q4 24 | $5.4B | $664.1M | ||
| Q3 24 | $5.5B | $652.0M | ||
| Q2 24 | $5.5B | $665.3M | ||
| Q1 24 | $5.5B | $662.4M |
| 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 | $7.7M |
| Free Cash FlowOCF − Capex | $42.0M | $7.6M |
| FCF MarginFCF / Revenue | 36.9% | 6.8% |
| Capex IntensityCapex / Revenue | 16.4% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | $9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.7M | $7.7M | ||
| Q3 25 | $22.7M | $2.6M | ||
| Q2 25 | $18.4M | $10.5M | ||
| Q1 25 | $11.4M | $-9.9M | ||
| Q4 24 | $2.0M | $12.5M | ||
| Q3 24 | $-3.4M | $9.3M | ||
| Q2 24 | $10.8M | $21.9M | ||
| Q1 24 | $8.0M | $2.0M |
| Q4 25 | $42.0M | $7.6M | ||
| Q3 25 | $17.6M | $2.2M | ||
| Q2 25 | $15.2M | $10.2M | ||
| Q1 25 | $5.0M | $-10.2M | ||
| Q4 24 | $-3.7M | $12.0M | ||
| Q3 24 | $-5.9M | $9.2M | ||
| Q2 24 | $9.4M | $21.7M | ||
| Q1 24 | $5.9M | $1.9M |
| Q4 25 | 36.9% | 6.8% | ||
| Q3 25 | 15.9% | 1.9% | ||
| Q2 25 | 13.5% | 9.1% | ||
| Q1 25 | 4.5% | -9.3% | ||
| Q4 24 | -3.4% | 10.8% | ||
| Q3 24 | -5.5% | 7.8% | ||
| Q2 24 | 8.5% | 17.6% | ||
| Q1 24 | 5.2% | 1.6% |
| Q4 25 | 16.4% | 0.1% | ||
| Q3 25 | 4.6% | 0.3% | ||
| Q2 25 | 2.9% | 0.3% | ||
| Q1 25 | 5.7% | 0.3% | ||
| Q4 24 | 5.2% | 0.4% | ||
| Q3 24 | 2.3% | 0.2% | ||
| Q2 24 | 1.3% | 0.1% | ||
| Q1 24 | 1.9% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.12× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ILPT
Segment breakdown not available.
ZIP
| License | $84.3M | 75% |
| Services | $27.4M | 25% |
