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Side-by-side financial comparison of LXP Industrial Trust (LXP) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.

CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $86.7M, roughly 1.8× LXP Industrial Trust). LXP Industrial Trust runs the higher net margin — 33.2% vs 4.8%, a 28.4% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs -14.0%). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% CAGR vs 0.3%).

LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.

CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.

LXP vs PMTS — Head-to-Head

Bigger by revenue
PMTS
PMTS
1.8× larger
PMTS
$153.1M
$86.7M
LXP
Growing faster (revenue YoY)
PMTS
PMTS
+36.3% gap
PMTS
22.3%
-14.0%
LXP
Higher net margin
LXP
LXP
28.4% more per $
LXP
33.2%
4.8%
PMTS
Faster 2-yr revenue CAGR
PMTS
PMTS
Annualised
PMTS
16.9%
0.3%
LXP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LXP
LXP
PMTS
PMTS
Revenue
$86.7M
$153.1M
Net Profit
$28.8M
$7.3M
Gross Margin
81.5%
31.5%
Operating Margin
34.6%
12.0%
Net Margin
33.2%
4.8%
Revenue YoY
-14.0%
22.3%
Net Profit YoY
8.5%
EPS (diluted)
$0.62

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
LXP
LXP
PMTS
PMTS
Q4 25
$86.7M
$153.1M
Q3 25
$86.9M
$138.0M
Q2 25
$87.7M
$129.8M
Q1 25
$88.9M
$122.8M
Q4 24
$100.9M
$125.1M
Q3 24
$85.6M
$124.8M
Q2 24
$85.8M
$118.8M
Q1 24
$86.3M
$111.9M
Net Profit
LXP
LXP
PMTS
PMTS
Q4 25
$28.8M
$7.3M
Q3 25
$36.3M
$2.3M
Q2 25
$29.1M
$518.0K
Q1 25
$19.0M
$4.8M
Q4 24
$6.8M
Q3 24
$6.3M
$1.3M
Q2 24
$5.4M
$6.0M
Q1 24
$-269.0K
$5.5M
Gross Margin
LXP
LXP
PMTS
PMTS
Q4 25
81.5%
31.5%
Q3 25
82.3%
29.7%
Q2 25
81.9%
30.9%
Q1 25
80.7%
33.2%
Q4 24
85.3%
34.1%
Q3 24
82.5%
35.8%
Q2 24
82.0%
35.7%
Q1 24
82.4%
37.1%
Operating Margin
LXP
LXP
PMTS
PMTS
Q4 25
34.6%
12.0%
Q3 25
50.4%
9.4%
Q2 25
33.7%
7.3%
Q1 25
21.8%
11.5%
Q4 24
12.7%
Q3 24
7.9%
14.3%
Q2 24
6.9%
12.5%
Q1 24
1.0%
12.6%
Net Margin
LXP
LXP
PMTS
PMTS
Q4 25
33.2%
4.8%
Q3 25
41.7%
1.7%
Q2 25
33.2%
0.4%
Q1 25
21.4%
3.9%
Q4 24
5.4%
Q3 24
7.4%
1.0%
Q2 24
6.3%
5.1%
Q1 24
-0.3%
4.9%
EPS (diluted)
LXP
LXP
PMTS
PMTS
Q4 25
$0.62
Q3 25
$0.12
$0.19
Q2 25
$0.09
$0.04
Q1 25
$0.06
$0.40
Q4 24
$0.56
Q3 24
$0.02
$0.11
Q2 24
$0.01
$0.51
Q1 24
$-0.01
$0.46

Balance Sheet & Financial Strength

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

Metric
LXP
LXP
PMTS
PMTS
Cash + ST InvestmentsLiquidity on hand
$170.4M
$21.7M
Total DebtLower is stronger
$1.4B
$286.7M
Stockholders' EquityBook value
$2.0B
$-17.3M
Total Assets
$3.5B
$403.2M
Debt / EquityLower = less leverage
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LXP
LXP
PMTS
PMTS
Q4 25
$170.4M
$21.7M
Q3 25
$229.7M
$16.0M
Q2 25
$71.0M
$17.1M
Q1 25
$70.9M
$31.5M
Q4 24
$101.8M
$33.5M
Q3 24
$55.0M
$14.7M
Q2 24
$48.7M
$7.5M
Q1 24
$293.8M
$17.1M
Total Debt
LXP
LXP
PMTS
PMTS
Q4 25
$1.4B
$286.7M
Q3 25
$1.5B
$308.4M
Q2 25
$1.5B
$310.9M
Q1 25
$1.5B
$280.7M
Q4 24
$1.6B
$280.4M
Q3 24
$280.2M
Q2 24
$269.7M
Q1 24
$265.3M
Stockholders' Equity
LXP
LXP
PMTS
PMTS
Q4 25
$2.0B
$-17.3M
Q3 25
$2.1B
$-25.7M
Q2 25
$2.1B
$-29.0M
Q1 25
$2.1B
$-29.7M
Q4 24
$2.1B
$-35.6M
Q3 24
$2.1B
$-42.8M
Q2 24
$2.1B
$-44.6M
Q1 24
$2.2B
$-48.5M
Total Assets
LXP
LXP
PMTS
PMTS
Q4 25
$3.5B
$403.2M
Q3 25
$3.7B
$407.1M
Q2 25
$3.7B
$399.8M
Q1 25
$3.8B
$351.9M
Q4 24
$3.8B
$349.7M
Q3 24
$3.9B
$342.3M
Q2 24
$3.9B
$321.4M
Q1 24
$4.2B
$319.8M
Debt / Equity
LXP
LXP
PMTS
PMTS
Q4 25
0.66×
Q3 25
0.72×
Q2 25
0.72×
Q1 25
0.73×
Q4 24
0.75×
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
LXP
LXP
PMTS
PMTS
Operating Cash FlowLast quarter
$188.7M
$39.6M
Free Cash FlowOCF − Capex
$35.2M
FCF MarginFCF / Revenue
23.0%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
6.56×
5.39×
TTM Free Cash FlowTrailing 4 quarters
$41.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LXP
LXP
PMTS
PMTS
Q4 25
$188.7M
$39.6M
Q3 25
$63.5M
$10.0M
Q2 25
$44.3M
$4.3M
Q1 25
$39.0M
$5.6M
Q4 24
$211.2M
$26.7M
Q3 24
$64.6M
$12.5M
Q2 24
$38.5M
$-4.8M
Q1 24
$38.9M
$8.9M
Free Cash Flow
LXP
LXP
PMTS
PMTS
Q4 25
$35.2M
Q3 25
$5.3M
Q2 25
$533.0K
Q1 25
$292.0K
Q4 24
$21.6M
Q3 24
$11.1M
Q2 24
$-6.0M
Q1 24
$7.4M
FCF Margin
LXP
LXP
PMTS
PMTS
Q4 25
23.0%
Q3 25
3.8%
Q2 25
0.4%
Q1 25
0.2%
Q4 24
17.3%
Q3 24
8.9%
Q2 24
-5.0%
Q1 24
6.6%
Capex Intensity
LXP
LXP
PMTS
PMTS
Q4 25
2.9%
Q3 25
3.4%
Q2 25
2.9%
Q1 25
4.3%
Q4 24
4.0%
Q3 24
1.2%
Q2 24
1.0%
Q1 24
1.3%
Cash Conversion
LXP
LXP
PMTS
PMTS
Q4 25
6.56×
5.39×
Q3 25
1.75×
4.32×
Q2 25
1.52×
8.39×
Q1 25
2.05×
1.17×
Q4 24
3.94×
Q3 24
10.18×
9.70×
Q2 24
7.09×
-0.79×
Q1 24
1.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LXP
LXP

Segment breakdown not available.

PMTS
PMTS

US Debit And Credit$128.9M84%
US Prepaid Debit$24.4M16%

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