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Side-by-side financial comparison of InvenTrust Properties Corp. (IVT) and Liquidia Corp (LQDA). Click either name above to swap in a different company.

Liquidia Corp is the larger business by last-quarter revenue ($92.0M vs $77.4M, roughly 1.2× InvenTrust Properties Corp.). Liquidia Corp runs the higher net margin — 15.8% vs 3.4%, a 12.4% gap on every dollar of revenue. On growth, Liquidia Corp posted the faster year-over-year revenue change (3054.6% vs 8.6%). InvenTrust Properties Corp. produced more free cash flow last quarter ($110.9M vs $42.2M).

InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.

Liquidia Corp is a late-stage biopharmaceutical firm focused on developing and commercializing innovative inhaled therapies for respiratory and rare diseases. It uses its proprietary PRINT particle engineering tech to create optimized drug products, with core markets in North America covering pulmonary arterial hypertension and asthma indications.

IVT vs LQDA — Head-to-Head

Bigger by revenue
LQDA
LQDA
1.2× larger
LQDA
$92.0M
$77.4M
IVT
Growing faster (revenue YoY)
LQDA
LQDA
+3046.0% gap
LQDA
3054.6%
8.6%
IVT
Higher net margin
LQDA
LQDA
12.4% more per $
LQDA
15.8%
3.4%
IVT
More free cash flow
IVT
IVT
$68.7M more FCF
IVT
$110.9M
$42.2M
LQDA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IVT
IVT
LQDA
LQDA
Revenue
$77.4M
$92.0M
Net Profit
$2.7M
$14.6M
Gross Margin
Operating Margin
-11.0%
21.5%
Net Margin
3.4%
15.8%
Revenue YoY
8.6%
3054.6%
Net Profit YoY
-72.8%
137.9%
EPS (diluted)
$0.02
$0.18

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.

Revenue
IVT
IVT
LQDA
LQDA
Q4 25
$77.4M
$92.0M
Q3 25
$74.5M
$54.3M
Q2 25
$73.6M
Q1 25
$73.8M
Q4 24
$71.2M
Q3 24
$68.5M
Q2 24
$67.4M
Q1 24
$66.8M
Net Profit
IVT
IVT
LQDA
LQDA
Q4 25
$2.7M
$14.6M
Q3 25
$6.0M
$-3.5M
Q2 25
$95.9M
Q1 25
$6.8M
Q4 24
$9.8M
Q3 24
$-539.0K
Q2 24
$1.5M
Q1 24
$2.9M
Operating Margin
IVT
IVT
LQDA
LQDA
Q4 25
-11.0%
21.5%
Q3 25
-9.8%
3.3%
Q2 25
Q1 25
-10.5%
Q4 24
-3.6%
Q3 24
-18.7%
Q2 24
-13.6%
Q1 24
-13.1%
Net Margin
IVT
IVT
LQDA
LQDA
Q4 25
3.4%
15.8%
Q3 25
8.1%
-6.5%
Q2 25
130.4%
Q1 25
9.2%
Q4 24
13.8%
Q3 24
-0.8%
Q2 24
2.2%
Q1 24
4.3%
EPS (diluted)
IVT
IVT
LQDA
LQDA
Q4 25
$0.02
$0.18
Q3 25
$0.08
$-0.04
Q2 25
$1.23
Q1 25
$0.09
Q4 24
$0.14
Q3 24
$-0.01
Q2 24
$0.02
Q1 24
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IVT
IVT
LQDA
LQDA
Cash + ST InvestmentsLiquidity on hand
$190.7M
Total DebtLower is stronger
$825.9M
Stockholders' EquityBook value
$1.8B
$44.7M
Total Assets
$2.8B
$327.9M
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVT
IVT
LQDA
LQDA
Q4 25
$190.7M
Q3 25
$157.5M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
IVT
IVT
LQDA
LQDA
Q4 25
$825.9M
Q3 25
$764.6M
Q2 25
$746.3M
Q1 25
$740.7M
Q4 24
$740.4M
Q3 24
$740.1M
Q2 24
$812.2M
Q1 24
$827.5M
Stockholders' Equity
IVT
IVT
LQDA
LQDA
Q4 25
$1.8B
$44.7M
Q3 25
$1.8B
$22.1M
Q2 25
$1.8B
Q1 25
$1.7B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$1.5B
Q1 24
$1.5B
Total Assets
IVT
IVT
LQDA
LQDA
Q4 25
$2.8B
$327.9M
Q3 25
$2.7B
$276.0M
Q2 25
$2.7B
Q1 25
$2.6B
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.5B
Q1 24
$2.5B
Debt / Equity
IVT
IVT
LQDA
LQDA
Q4 25
0.46×
Q3 25
0.42×
Q2 25
0.41×
Q1 25
0.42×
Q4 24
0.42×
Q3 24
0.42×
Q2 24
0.53×
Q1 24
0.53×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IVT
IVT
LQDA
LQDA
Operating Cash FlowLast quarter
$155.4M
$44.2M
Free Cash FlowOCF − Capex
$110.9M
$42.2M
FCF MarginFCF / Revenue
143.3%
45.9%
Capex IntensityCapex / Revenue
57.5%
2.2%
Cash ConversionOCF / Net Profit
58.41×
3.04×
TTM Free Cash FlowTrailing 4 quarters
$193.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVT
IVT
LQDA
LQDA
Q4 25
$155.4M
$44.2M
Q3 25
$43.8M
$-9.8M
Q2 25
$48.7M
Q1 25
$20.2M
Q4 24
$136.9M
Q3 24
$38.4M
Q2 24
$46.7M
Q1 24
$14.8M
Free Cash Flow
IVT
IVT
LQDA
LQDA
Q4 25
$110.9M
$42.2M
Q3 25
$31.4M
$-10.7M
Q2 25
$38.0M
Q1 25
$12.8M
Q4 24
$100.8M
Q3 24
$29.3M
Q2 24
$37.2M
Q1 24
$7.7M
FCF Margin
IVT
IVT
LQDA
LQDA
Q4 25
143.3%
45.9%
Q3 25
42.2%
-19.7%
Q2 25
51.6%
Q1 25
17.4%
Q4 24
141.5%
Q3 24
42.8%
Q2 24
55.2%
Q1 24
11.5%
Capex Intensity
IVT
IVT
LQDA
LQDA
Q4 25
57.5%
2.2%
Q3 25
16.7%
1.7%
Q2 25
14.6%
Q1 25
10.0%
Q4 24
50.7%
Q3 24
13.3%
Q2 24
14.0%
Q1 24
10.6%
Cash Conversion
IVT
IVT
LQDA
LQDA
Q4 25
58.41×
3.04×
Q3 25
7.27×
Q2 25
0.51×
Q1 25
2.97×
Q4 24
13.97×
Q3 24
Q2 24
31.15×
Q1 24
5.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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