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Side-by-side financial comparison of Logistic Properties of the Americas (LPA) and NaaS Technology Inc. (NAAS). Click either name above to swap in a different company.

Logistic Properties of the Americas is the larger business by last-quarter revenue ($50.1M vs $25.9M, roughly 1.9× NaaS Technology Inc.). Logistic Properties of the Americas runs the higher net margin — 32.1% vs -193.3%, a 225.4% gap on every dollar of revenue.

Logistic Properties of the Americas is a specialized industrial real estate firm that acquires, develops and manages logistics properties across North, Central and South America. Its portfolio includes distribution centers, warehouses and last-mile delivery facilities, serving e-commerce, retail, manufacturing and third-party logistics clients.

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

LPA vs NAAS — Head-to-Head

Bigger by revenue
LPA
LPA
1.9× larger
LPA
$50.1M
$25.9M
NAAS
Higher net margin
LPA
LPA
225.4% more per $
LPA
32.1%
-193.3%
NAAS

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
LPA
LPA
NAAS
NAAS
Revenue
$50.1M
$25.9M
Net Profit
$16.1M
$-50.0M
Gross Margin
29.2%
Operating Margin
81.7%
-144.2%
Net Margin
32.1%
-193.3%
Revenue YoY
121.2%
Net Profit YoY
18.4%
EPS (diluted)
$0.33
$-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.

Revenue
LPA
LPA
NAAS
NAAS
Q4 25
$50.1M
Q3 25
$32.7M
Q2 25
$21.5M
Q1 25
$10.5M
Q3 24
$19.2M
Q2 24
$25.9M
Q1 24
$9.2M
Net Profit
LPA
LPA
NAAS
NAAS
Q4 25
$16.1M
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
$-50.0M
Q1 24
Gross Margin
LPA
LPA
NAAS
NAAS
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
29.2%
Q1 24
Operating Margin
LPA
LPA
NAAS
NAAS
Q4 25
81.7%
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
-144.2%
Q1 24
Net Margin
LPA
LPA
NAAS
NAAS
Q4 25
32.1%
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
-193.3%
Q1 24
EPS (diluted)
LPA
LPA
NAAS
NAAS
Q4 25
$0.33
Q3 25
$0.09
Q2 25
$-0.06
Q1 25
Q3 24
$-1.26
Q2 24
$-0.02
Q1 24

Balance Sheet & Financial Strength

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

Metric
LPA
LPA
NAAS
NAAS
Cash + ST InvestmentsLiquidity on hand
$27.3M
$24.7M
Total DebtLower is stronger
$296.8M
Stockholders' EquityBook value
$324.6M
$-33.4M
Total Assets
$700.8M
$180.2M
Debt / EquityLower = less leverage
0.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPA
LPA
NAAS
NAAS
Q4 25
$27.3M
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
$24.7M
Q1 24
$1.1M
Total Debt
LPA
LPA
NAAS
NAAS
Q4 25
$296.8M
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Stockholders' Equity
LPA
LPA
NAAS
NAAS
Q4 25
$324.6M
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
$-33.4M
Q1 24
Total Assets
LPA
LPA
NAAS
NAAS
Q4 25
$700.8M
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
$180.2M
Q1 24
Debt / Equity
LPA
LPA
NAAS
NAAS
Q4 25
0.91×
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
LPA
LPA
NAAS
NAAS
Operating Cash FlowLast quarter
$21.6M
$-25.7M
Free Cash FlowOCF − Capex
$21.4M
FCF MarginFCF / Revenue
42.7%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
1.34×
TTM Free Cash FlowTrailing 4 quarters
$12.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPA
LPA
NAAS
NAAS
Q4 25
$21.6M
Q3 25
$14.4M
Q2 25
$7.2M
Q1 25
$4.4M
Q3 24
$8.3M
Q2 24
$-25.7M
Q1 24
$4.8M
Free Cash Flow
LPA
LPA
NAAS
NAAS
Q4 25
$21.4M
Q3 25
$-7.3M
Q2 25
$-3.1M
Q1 25
$966.4K
Q3 24
$-2.4M
Q2 24
Q1 24
$218.9K
FCF Margin
LPA
LPA
NAAS
NAAS
Q4 25
42.7%
Q3 25
-22.2%
Q2 25
-14.4%
Q1 25
9.2%
Q3 24
-12.3%
Q2 24
Q1 24
2.4%
Capex Intensity
LPA
LPA
NAAS
NAAS
Q4 25
0.3%
Q3 25
66.1%
Q2 25
47.9%
Q1 25
32.5%
Q3 24
55.5%
Q2 24
Q1 24
50.0%
Cash Conversion
LPA
LPA
NAAS
NAAS
Q4 25
1.34×
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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