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Side-by-side financial comparison of Logistic Properties of the Americas (LPA) and Orion Properties Inc. (ONL). 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 $36.3M, roughly 1.4× Orion Properties Inc.). Logistic Properties of the Americas runs the higher net margin — 32.1% vs -37.4%, a 69.5% 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.

LPA vs ONL — Head-to-Head

Bigger by revenue
LPA
LPA
1.4× larger
LPA
$50.1M
$36.3M
ONL
Higher net margin
LPA
LPA
69.5% more per $
LPA
32.1%
-37.4%
ONL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LPA
LPA
ONL
ONL
Revenue
$50.1M
$36.3M
Net Profit
$16.1M
$-13.6M
Gross Margin
Operating Margin
81.7%
-9.3%
Net Margin
32.1%
-37.4%
Revenue YoY
-4.6%
Net Profit YoY
-45.0%
EPS (diluted)
$0.33
$-0.24

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
ONL
ONL
Q1 26
$36.3M
Q4 25
$50.1M
$35.2M
Q3 25
$32.7M
$37.1M
Q2 25
$21.5M
$37.3M
Q1 25
$10.5M
$38.0M
Q4 24
$38.4M
Q3 24
$19.2M
$39.2M
Q2 24
$40.1M
Net Profit
LPA
LPA
ONL
ONL
Q1 26
$-13.6M
Q4 25
$16.1M
$-35.8M
Q3 25
$-69.0M
Q2 25
$-25.1M
Q1 25
$-9.4M
Q4 24
$-32.8M
Q3 24
$-10.2M
Q2 24
$-33.8M
Operating Margin
LPA
LPA
ONL
ONL
Q1 26
-9.3%
Q4 25
81.7%
-101.5%
Q3 25
-185.8%
Q2 25
-67.1%
Q1 25
-24.4%
Q4 24
-85.4%
Q3 24
-25.9%
Q2 24
-84.1%
Net Margin
LPA
LPA
ONL
ONL
Q1 26
-37.4%
Q4 25
32.1%
-101.7%
Q3 25
-186.0%
Q2 25
-67.3%
Q1 25
-24.6%
Q4 24
-85.4%
Q3 24
-26.1%
Q2 24
-84.2%
EPS (diluted)
LPA
LPA
ONL
ONL
Q1 26
$-0.24
Q4 25
$0.33
$-0.63
Q3 25
$0.09
$-1.23
Q2 25
$-0.06
$-0.45
Q1 25
$-0.17
Q4 24
$-0.59
Q3 24
$-1.26
$-0.18
Q2 24
$-0.60

Balance Sheet & Financial Strength

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

Metric
LPA
LPA
ONL
ONL
Cash + ST InvestmentsLiquidity on hand
$27.3M
$10.3M
Total DebtLower is stronger
$296.8M
Stockholders' EquityBook value
$324.6M
$608.5M
Total Assets
$700.8M
$1.2B
Debt / EquityLower = less leverage
0.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPA
LPA
ONL
ONL
Q1 26
$10.3M
Q4 25
$27.3M
$22.4M
Q3 25
$32.6M
Q2 25
$17.4M
Q1 25
$9.4M
Q4 24
$15.6M
Q3 24
$16.6M
Q2 24
$24.2M
Total Debt
LPA
LPA
ONL
ONL
Q1 26
Q4 25
$296.8M
$465.0M
Q3 25
$483.0M
Q2 25
$483.0M
Q1 25
$505.0M
Q4 24
$492.0M
Q3 24
$485.0M
Q2 24
$462.0M
Stockholders' Equity
LPA
LPA
ONL
ONL
Q1 26
$608.5M
Q4 25
$324.6M
$623.2M
Q3 25
$658.8M
Q2 25
$728.0M
Q1 25
$753.5M
Q4 24
$763.9M
Q3 24
$800.9M
Q2 24
$816.1M
Total Assets
LPA
LPA
ONL
ONL
Q1 26
$1.2B
Q4 25
$700.8M
$1.2B
Q3 25
$1.2B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.3B
Debt / Equity
LPA
LPA
ONL
ONL
Q1 26
Q4 25
0.91×
0.75×
Q3 25
0.73×
Q2 25
0.66×
Q1 25
0.67×
Q4 24
0.64×
Q3 24
0.61×
Q2 24
0.57×

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
ONL
ONL
Operating Cash FlowLast quarter
$21.6M
Free Cash FlowOCF − Capex
$21.4M
FCF MarginFCF / Revenue
42.7%
Capex IntensityCapex / Revenue
0.3%
51.4%
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
ONL
ONL
Q1 26
Q4 25
$21.6M
$23.6M
Q3 25
$14.4M
$5.7M
Q2 25
$7.2M
$11.6M
Q1 25
$4.4M
$-2.2M
Q4 24
$54.3M
Q3 24
$8.3M
$13.8M
Q2 24
$17.0M
Free Cash Flow
LPA
LPA
ONL
ONL
Q1 26
Q4 25
$21.4M
Q3 25
$-7.3M
Q2 25
$-3.1M
Q1 25
$966.4K
Q4 24
Q3 24
$-2.4M
Q2 24
FCF Margin
LPA
LPA
ONL
ONL
Q1 26
Q4 25
42.7%
Q3 25
-22.2%
Q2 25
-14.4%
Q1 25
9.2%
Q4 24
Q3 24
-12.3%
Q2 24
Capex Intensity
LPA
LPA
ONL
ONL
Q1 26
51.4%
Q4 25
0.3%
Q3 25
66.1%
Q2 25
47.9%
Q1 25
32.5%
Q4 24
Q3 24
55.5%
Q2 24
Cash Conversion
LPA
LPA
ONL
ONL
Q1 26
Q4 25
1.34×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

LPA
LPA

Segment breakdown not available.

ONL
ONL

Rental$36.1M100%
Fee income from unconsolidated joint venture$137.0K0%

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