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Side-by-side financial comparison of Logistic Properties of the Americas (LPA) and OCTAVE SPECIALTY GROUP INC (OSG). Click either name above to swap in a different company.

OCTAVE SPECIALTY GROUP INC is the larger business by last-quarter revenue ($66.9M vs $50.1M, roughly 1.3× Logistic Properties of the Americas). Logistic Properties of the Americas runs the higher net margin — 32.1% vs -73.8%, a 105.9% 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.

Octave Specialty Group Inc. is a specialty insurance holding company that provides tailored property and casualty insurance products. Its core business focuses on excess and surplus lines, catering to commercial and individual clients across primary North American markets with customized risk coverage solutions.

LPA vs OSG — Head-to-Head

Bigger by revenue
OSG
OSG
1.3× larger
OSG
$66.9M
$50.1M
LPA
Higher net margin
LPA
LPA
105.9% more per $
LPA
32.1%
-73.8%
OSG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LPA
LPA
OSG
OSG
Revenue
$50.1M
$66.9M
Net Profit
$16.1M
$-29.7M
Gross Margin
Operating Margin
81.7%
-76.7%
Net Margin
32.1%
-73.8%
Revenue YoY
2.6%
Net Profit YoY
-41.7%
EPS (diluted)
$0.33
$-0.82

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
OSG
OSG
Q4 25
$50.1M
$66.9M
Q3 25
$32.7M
$66.6M
Q2 25
$21.5M
$55.0M
Q1 25
$10.5M
$62.8M
Q4 24
$65.2M
Q3 24
$19.2M
$70.0M
Q2 24
$51.0M
Q1 24
$9.2M
$49.6M
Net Profit
LPA
LPA
OSG
OSG
Q4 25
$16.1M
$-29.7M
Q3 25
$-112.6M
Q2 25
$-72.7M
Q1 25
$-44.7M
Q4 24
$-20.9M
Q3 24
$-27.5M
Q2 24
$-750.0K
Q1 24
$20.8M
Operating Margin
LPA
LPA
OSG
OSG
Q4 25
81.7%
-76.7%
Q3 25
-48.2%
Q2 25
-41.8%
Q1 25
-24.1%
Q4 24
-55.5%
Q3 24
-29.7%
Q2 24
-28.9%
Q1 24
-6.5%
Net Margin
LPA
LPA
OSG
OSG
Q4 25
32.1%
-73.8%
Q3 25
-169.1%
Q2 25
-132.3%
Q1 25
-71.3%
Q4 24
-55.1%
Q3 24
-39.3%
Q2 24
-1.5%
Q1 24
41.9%
EPS (diluted)
LPA
LPA
OSG
OSG
Q4 25
$0.33
$-0.82
Q3 25
$0.09
$-2.35
Q2 25
$-0.06
$-1.54
Q1 25
$-1.22
Q4 24
$-11.75
Q3 24
$-1.26
$-0.63
Q2 24
$-0.02
Q1 24
$0.44

Balance Sheet & Financial Strength

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

Metric
LPA
LPA
OSG
OSG
Cash + ST InvestmentsLiquidity on hand
$27.3M
$146.4M
Total DebtLower is stronger
$296.8M
$117.6M
Stockholders' EquityBook value
$324.6M
$715.8M
Total Assets
$700.8M
$2.2B
Debt / EquityLower = less leverage
0.91×
0.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPA
LPA
OSG
OSG
Q4 25
$27.3M
$146.4M
Q3 25
$27.5M
Q2 25
$22.5M
Q1 25
$34.1M
Q4 24
$157.2M
Q3 24
$40.8M
Q2 24
$14.6M
Q1 24
$1.1M
$13.8M
Total Debt
LPA
LPA
OSG
OSG
Q4 25
$296.8M
$117.6M
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$518.0M
Q2 24
$515.0M
Q1 24
$512.0M
Stockholders' Equity
LPA
LPA
OSG
OSG
Q4 25
$324.6M
$715.8M
Q3 25
$843.4M
Q2 25
$859.8M
Q1 25
$852.2M
Q4 24
$798.4M
Q3 24
$1.5B
Q2 24
$1.4B
Q1 24
$1.4B
Total Assets
LPA
LPA
OSG
OSG
Q4 25
$700.8M
$2.2B
Q3 25
$2.1B
Q2 25
$8.5B
Q1 25
$8.3B
Q4 24
$8.1B
Q3 24
$9.3B
Q2 24
$8.2B
Q1 24
$8.4B
Debt / Equity
LPA
LPA
OSG
OSG
Q4 25
0.91×
0.16×
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.35×
Q2 24
0.38×
Q1 24
0.38×

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
OSG
OSG
Operating Cash FlowLast quarter
$21.6M
$-52.3M
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
OSG
OSG
Q4 25
$21.6M
$-52.3M
Q3 25
$14.4M
$-41.2M
Q2 25
$7.2M
$2.1M
Q1 25
$4.4M
$-12.6M
Q4 24
$762.0K
Q3 24
$8.3M
$48.9M
Q2 24
$20.4M
Q1 24
$4.8M
$7.1M
Free Cash Flow
LPA
LPA
OSG
OSG
Q4 25
$21.4M
Q3 25
$-7.3M
Q2 25
$-3.1M
Q1 25
$966.4K
Q4 24
Q3 24
$-2.4M
Q2 24
Q1 24
$218.9K
FCF Margin
LPA
LPA
OSG
OSG
Q4 25
42.7%
Q3 25
-22.2%
Q2 25
-14.4%
Q1 25
9.2%
Q4 24
Q3 24
-12.3%
Q2 24
Q1 24
2.4%
Capex Intensity
LPA
LPA
OSG
OSG
Q4 25
0.3%
Q3 25
66.1%
Q2 25
47.9%
Q1 25
32.5%
Q4 24
Q3 24
55.5%
Q2 24
Q1 24
50.0%
Cash Conversion
LPA
LPA
OSG
OSG
Q4 25
1.34×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.34×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LPA
LPA

Segment breakdown not available.

OSG
OSG

Other$28.7M43%
Specialty Property Casualty Program$23.1M34%
Accident Health$9.6M14%
Specialty Automobile$3.1M5%
Niche Specialty Risks$2.4M4%

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