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Side-by-side financial comparison of Logistic Properties of the Americas (LPA) and Waterstone Financial, Inc. (WSBF). 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 $37.2M, roughly 1.3× Waterstone Financial, Inc.). Waterstone Financial, Inc. produced more free cash flow last quarter ($23.0M vs $21.4M).

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.

Waterstone Financial, Inc. is a U.S. bank holding company headquartered in Wisconsin. It offers retail and commercial banking services, residential mortgages, and wealth management solutions, primarily serving consumers and small to medium-sized businesses across the U.S. Midwest region.

LPA vs WSBF — Head-to-Head

Bigger by revenue
LPA
LPA
1.3× larger
LPA
$50.1M
$37.2M
WSBF
More free cash flow
WSBF
WSBF
$1.6M more FCF
WSBF
$23.0M
$21.4M
LPA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LPA
LPA
WSBF
WSBF
Revenue
$50.1M
$37.2M
Net Profit
$16.1M
Gross Margin
Operating Margin
81.7%
27.0%
Net Margin
32.1%
Revenue YoY
16.7%
Net Profit YoY
EPS (diluted)
$0.33
$0.43

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
WSBF
WSBF
Q4 25
$50.1M
$37.2M
Q3 25
$32.7M
$37.0M
Q2 25
$21.5M
$38.0M
Q1 25
$10.5M
$29.7M
Q4 24
$31.8M
Q3 24
$19.2M
$34.1M
Q2 24
$37.2M
Q1 24
$9.2M
$32.4M
Net Profit
LPA
LPA
WSBF
WSBF
Q4 25
$16.1M
Q3 25
$7.9M
Q2 25
$7.7M
Q1 25
$3.0M
Q4 24
Q3 24
$4.7M
Q2 24
$5.7M
Q1 24
$3.0M
Operating Margin
LPA
LPA
WSBF
WSBF
Q4 25
81.7%
27.0%
Q3 25
26.6%
Q2 25
25.4%
Q1 25
13.1%
Q4 24
19.5%
Q3 24
17.3%
Q2 24
19.2%
Q1 24
14.7%
Net Margin
LPA
LPA
WSBF
WSBF
Q4 25
32.1%
Q3 25
21.4%
Q2 25
20.3%
Q1 25
10.2%
Q4 24
Q3 24
13.9%
Q2 24
15.4%
Q1 24
9.4%
EPS (diluted)
LPA
LPA
WSBF
WSBF
Q4 25
$0.33
$0.43
Q3 25
$0.09
$0.45
Q2 25
$-0.06
$0.43
Q1 25
$0.17
Q4 24
$0.28
Q3 24
$-1.26
$0.26
Q2 24
$0.31
Q1 24
$0.16

Balance Sheet & Financial Strength

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

Metric
LPA
LPA
WSBF
WSBF
Cash + ST InvestmentsLiquidity on hand
$27.3M
Total DebtLower is stronger
$296.8M
$412.3M
Stockholders' EquityBook value
$324.6M
$349.4M
Total Assets
$700.8M
$2.3B
Debt / EquityLower = less leverage
0.91×
1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPA
LPA
WSBF
WSBF
Q4 25
$27.3M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.1M
Total Debt
LPA
LPA
WSBF
WSBF
Q4 25
$296.8M
$412.3M
Q3 25
$469.1M
Q2 25
$465.7M
Q1 25
$395.9M
Q4 24
$446.5M
Q3 24
$560.1M
Q2 24
$660.8M
Q1 24
$634.2M
Stockholders' Equity
LPA
LPA
WSBF
WSBF
Q4 25
$324.6M
$349.4M
Q3 25
$345.5M
Q2 25
$341.5M
Q1 25
$341.4M
Q4 24
$339.1M
Q3 24
$342.0M
Q2 24
$334.9M
Q1 24
$338.0M
Total Assets
LPA
LPA
WSBF
WSBF
Q4 25
$700.8M
$2.3B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.2B
Q2 24
$2.3B
Q1 24
$2.2B
Debt / Equity
LPA
LPA
WSBF
WSBF
Q4 25
0.91×
1.18×
Q3 25
1.36×
Q2 25
1.36×
Q1 25
1.16×
Q4 24
1.32×
Q3 24
1.64×
Q2 24
1.97×
Q1 24
1.88×

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
WSBF
WSBF
Operating Cash FlowLast quarter
$21.6M
$24.2M
Free Cash FlowOCF − Capex
$21.4M
$23.0M
FCF MarginFCF / Revenue
42.7%
61.9%
Capex IntensityCapex / Revenue
0.3%
3.1%
Cash ConversionOCF / Net Profit
1.34×
TTM Free Cash FlowTrailing 4 quarters
$12.0M
$43.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPA
LPA
WSBF
WSBF
Q4 25
$21.6M
$24.2M
Q3 25
$14.4M
$32.7M
Q2 25
$7.2M
$-38.4M
Q1 25
$4.4M
$26.7M
Q4 24
$48.1M
Q3 24
$8.3M
$74.1M
Q2 24
$-39.5M
Q1 24
$4.8M
$-9.9M
Free Cash Flow
LPA
LPA
WSBF
WSBF
Q4 25
$21.4M
$23.0M
Q3 25
$-7.3M
$32.4M
Q2 25
$-3.1M
$-38.5M
Q1 25
$966.4K
$26.5M
Q4 24
$47.0M
Q3 24
$-2.4M
$73.9M
Q2 24
$-39.7M
Q1 24
$218.9K
$-10.3M
FCF Margin
LPA
LPA
WSBF
WSBF
Q4 25
42.7%
61.9%
Q3 25
-22.2%
87.5%
Q2 25
-14.4%
-101.2%
Q1 25
9.2%
89.2%
Q4 24
147.5%
Q3 24
-12.3%
216.9%
Q2 24
-106.7%
Q1 24
2.4%
-31.9%
Capex Intensity
LPA
LPA
WSBF
WSBF
Q4 25
0.3%
3.1%
Q3 25
66.1%
0.8%
Q2 25
47.9%
0.2%
Q1 25
32.5%
0.9%
Q4 24
3.5%
Q3 24
55.5%
0.6%
Q2 24
0.4%
Q1 24
50.0%
1.2%
Cash Conversion
LPA
LPA
WSBF
WSBF
Q4 25
1.34×
Q3 25
4.13×
Q2 25
-4.98×
Q1 25
8.81×
Q4 24
Q3 24
15.67×
Q2 24
-6.92×
Q1 24
-3.27×

Financial Flow Comparison

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

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