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Side-by-side financial comparison of LXP Industrial Trust (LXP) and PubMatic, Inc. (PUBM). Click either name above to swap in a different company.
LXP Industrial Trust is the larger business by last-quarter revenue ($86.7M vs $80.0M, roughly 1.1× PubMatic, Inc.). On growth, PubMatic, Inc. posted the faster year-over-year revenue change (-6.4% vs -14.0%). Over the past eight quarters, PubMatic, Inc.'s revenue compounded faster (9.5% 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.
PubMatic, Inc. develops and implements online advertising software and strategies for the digital publishing and advertising industry. PubMatic's sell-side, real-time programmatic ad transaction advertising software puts publishers of websites, videos, and mobile apps into contact with ad buyers by using automated systems, while allowing users to opt-out of having their personal information collected on internet searches. PubMatic has a number of offices in countries around the world.
LXP vs PUBM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.7M | $80.0M |
| Net Profit | $28.8M | — |
| Gross Margin | 81.5% | 68.2% |
| Operating Margin | 34.6% | 10.6% |
| Net Margin | 33.2% | — |
| Revenue YoY | -14.0% | -6.4% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $0.14 |
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.
| Q4 25 | $86.7M | $80.0M | ||
| Q3 25 | $86.9M | $68.0M | ||
| Q2 25 | $87.7M | $71.1M | ||
| Q1 25 | $88.9M | $63.8M | ||
| Q4 24 | $100.9M | $85.5M | ||
| Q3 24 | $85.6M | $71.8M | ||
| Q2 24 | $85.8M | $67.3M | ||
| Q1 24 | $86.3M | $66.7M |
| Q4 25 | $28.8M | — | ||
| Q3 25 | $36.3M | $-6.5M | ||
| Q2 25 | $29.1M | $-5.2M | ||
| Q1 25 | $19.0M | $-9.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | $6.3M | $-912.0K | ||
| Q2 24 | $5.4M | $2.0M | ||
| Q1 24 | $-269.0K | $-2.5M |
| Q4 25 | 81.5% | 68.2% | ||
| Q3 25 | 82.3% | 62.6% | ||
| Q2 25 | 81.9% | 62.6% | ||
| Q1 25 | 80.7% | 59.9% | ||
| Q4 24 | 85.3% | 70.8% | ||
| Q3 24 | 82.5% | 64.5% | ||
| Q2 24 | 82.0% | 62.6% | ||
| Q1 24 | 82.4% | 61.9% |
| Q4 25 | 34.6% | 10.6% | ||
| Q3 25 | 50.4% | -12.4% | ||
| Q2 25 | 33.7% | -7.7% | ||
| Q1 25 | 21.8% | -18.6% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | 7.9% | -1.9% | ||
| Q2 24 | 6.9% | -5.9% | ||
| Q1 24 | 1.0% | -8.3% |
| Q4 25 | 33.2% | — | ||
| Q3 25 | 41.7% | -9.5% | ||
| Q2 25 | 33.2% | -7.3% | ||
| Q1 25 | 21.4% | -14.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | 7.4% | -1.3% | ||
| Q2 24 | 6.3% | 2.9% | ||
| Q1 24 | -0.3% | -3.7% |
| Q4 25 | — | $0.14 | ||
| Q3 25 | $0.12 | $-0.14 | ||
| Q2 25 | $0.09 | $-0.11 | ||
| Q1 25 | $0.06 | $-0.20 | ||
| Q4 24 | — | $0.26 | ||
| Q3 24 | $0.02 | $-0.02 | ||
| Q2 24 | $0.01 | $0.04 | ||
| Q1 24 | $-0.01 | $-0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $170.4M | $145.5M |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $2.0B | $262.6M |
| Total Assets | $3.5B | $680.2M |
| Debt / EquityLower = less leverage | 0.66× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $170.4M | $145.5M | ||
| Q3 25 | $229.7M | $136.5M | ||
| Q2 25 | $71.0M | $90.5M | ||
| Q1 25 | $70.9M | $101.8M | ||
| Q4 24 | $101.8M | $100.5M | ||
| Q3 24 | $55.0M | $78.9M | ||
| Q2 24 | $48.7M | $73.5M | ||
| Q1 24 | $293.8M | $80.2M |
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.0B | $262.6M | ||
| Q3 25 | $2.1B | $245.1M | ||
| Q2 25 | $2.1B | $243.3M | ||
| Q1 25 | $2.1B | $275.6M | ||
| Q4 24 | $2.1B | $277.3M | ||
| Q3 24 | $2.1B | $263.2M | ||
| Q2 24 | $2.1B | $282.7M | ||
| Q1 24 | $2.2B | $288.7M |
| Q4 25 | $3.5B | $680.2M | ||
| Q3 25 | $3.7B | $676.2M | ||
| Q2 25 | $3.7B | $675.2M | ||
| Q1 25 | $3.8B | $668.6M | ||
| Q4 24 | $3.8B | $739.5M | ||
| Q3 24 | $3.9B | $689.1M | ||
| Q2 24 | $3.9B | $673.1M | ||
| Q1 24 | $4.2B | $626.2M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $188.7M | $18.2M |
| Free Cash FlowOCF − Capex | — | $11.3M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | — | 8.6% |
| Cash ConversionOCF / Net Profit | 6.56× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $66.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $188.7M | $18.2M | ||
| Q3 25 | $63.5M | $32.4M | ||
| Q2 25 | $44.3M | $14.9M | ||
| Q1 25 | $39.0M | $15.6M | ||
| Q4 24 | $211.2M | $18.0M | ||
| Q3 24 | $64.6M | $19.1M | ||
| Q2 24 | $38.5M | $11.9M | ||
| Q1 24 | $38.9M | $24.3M |
| Q4 25 | — | $11.3M | ||
| Q3 25 | — | $27.7M | ||
| Q2 25 | — | $13.6M | ||
| Q1 25 | — | $14.2M | ||
| Q4 24 | — | $13.7M | ||
| Q3 24 | — | $7.4M | ||
| Q2 24 | — | $11.2M | ||
| Q1 24 | — | $23.5M |
| Q4 25 | — | 14.1% | ||
| Q3 25 | — | 40.8% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 22.2% | ||
| Q4 24 | — | 16.1% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 16.7% | ||
| Q1 24 | — | 35.2% |
| Q4 25 | — | 8.6% | ||
| Q3 25 | — | 6.9% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | 16.3% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | 6.56× | — | ||
| Q3 25 | 1.75× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 2.05× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.18× | — | ||
| Q2 24 | 7.09× | 6.06× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
