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Side-by-side financial comparison of LXP Industrial Trust (LXP) and TELOS CORP (TLS). Click either name above to swap in a different company.
LXP Industrial Trust is the larger business by last-quarter revenue ($86.7M vs $46.8M, roughly 1.9× TELOS CORP). LXP Industrial Trust runs the higher net margin — 33.2% vs -34.9%, a 68.0% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs -14.0%). Over the past eight quarters, TELOS CORP's revenue compounded faster (25.7% 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.
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
LXP vs TLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.7M | $46.8M |
| Net Profit | $28.8M | $-16.3M |
| Gross Margin | 81.5% | 35.0% |
| Operating Margin | 34.6% | -39.6% |
| Net Margin | 33.2% | -34.9% |
| Revenue YoY | -14.0% | 77.4% |
| Net Profit YoY | — | -74.8% |
| EPS (diluted) | — | $-0.22 |
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 | $46.8M | ||
| Q3 25 | $86.9M | $51.4M | ||
| Q2 25 | $87.7M | $36.0M | ||
| Q1 25 | $88.9M | $30.6M | ||
| Q4 24 | $100.9M | $26.4M | ||
| Q3 24 | $85.6M | $23.8M | ||
| Q2 24 | $85.8M | $28.5M | ||
| Q1 24 | $86.3M | $29.6M |
| Q4 25 | $28.8M | $-16.3M | ||
| Q3 25 | $36.3M | $-2.1M | ||
| Q2 25 | $29.1M | $-9.5M | ||
| Q1 25 | $19.0M | $-8.6M | ||
| Q4 24 | — | $-9.3M | ||
| Q3 24 | $6.3M | $-28.1M | ||
| Q2 24 | $5.4M | $-7.8M | ||
| Q1 24 | $-269.0K | $-7.4M |
| Q4 25 | 81.5% | 35.0% | ||
| Q3 25 | 82.3% | 39.9% | ||
| Q2 25 | 81.9% | 33.2% | ||
| Q1 25 | 80.7% | 39.8% | ||
| Q4 24 | 85.3% | 40.3% | ||
| Q3 24 | 82.5% | 13.2% | ||
| Q2 24 | 82.0% | 34.1% | ||
| Q1 24 | 82.4% | 37.0% |
| Q4 25 | 34.6% | -39.6% | ||
| Q3 25 | 50.4% | -4.8% | ||
| Q2 25 | 33.7% | -27.5% | ||
| Q1 25 | 21.8% | -29.5% | ||
| Q4 24 | — | -37.6% | ||
| Q3 24 | 7.9% | -121.4% | ||
| Q2 24 | 6.9% | -30.3% | ||
| Q1 24 | 1.0% | -28.5% |
| Q4 25 | 33.2% | -34.9% | ||
| Q3 25 | 41.7% | -4.1% | ||
| Q2 25 | 33.2% | -26.5% | ||
| Q1 25 | 21.4% | -28.1% | ||
| Q4 24 | — | -35.4% | ||
| Q3 24 | 7.4% | -118.0% | ||
| Q2 24 | 6.3% | -27.2% | ||
| Q1 24 | -0.3% | -24.9% |
| Q4 25 | — | $-0.22 | ||
| Q3 25 | $0.12 | $-0.03 | ||
| Q2 25 | $0.09 | $-0.13 | ||
| Q1 25 | $0.06 | $-0.12 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | $0.02 | $-0.39 | ||
| Q2 24 | $0.01 | $-0.11 | ||
| Q1 24 | $-0.01 | $-0.10 |
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 | $53.2M |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $2.0B | $96.0M |
| Total Assets | $3.5B | $139.9M |
| Debt / EquityLower = less leverage | 0.66× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $170.4M | $53.2M | ||
| Q3 25 | $229.7M | $59.0M | ||
| Q2 25 | $71.0M | $57.0M | ||
| Q1 25 | $70.9M | $57.8M | ||
| Q4 24 | $101.8M | $54.6M | ||
| Q3 24 | $55.0M | $69.8M | ||
| Q2 24 | $48.7M | $80.1M | ||
| Q1 24 | $293.8M | $93.9M |
| 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 | $96.0M | ||
| Q3 25 | $2.1B | $119.7M | ||
| Q2 25 | $2.1B | $118.4M | ||
| Q1 25 | $2.1B | $126.1M | ||
| Q4 24 | $2.1B | $127.1M | ||
| Q3 24 | $2.1B | $129.5M | ||
| Q2 24 | $2.1B | $149.1M | ||
| Q1 24 | $2.2B | $154.4M |
| Q4 25 | $3.5B | $139.9M | ||
| Q3 25 | $3.7B | $164.3M | ||
| Q2 25 | $3.7B | $165.0M | ||
| Q1 25 | $3.8B | $158.1M | ||
| Q4 24 | $3.8B | $158.2M | ||
| Q3 24 | $3.9B | $166.3M | ||
| Q2 24 | $3.9B | $182.4M | ||
| Q1 24 | $4.2B | $195.4M |
| 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 | $8.0M |
| Free Cash FlowOCF − Capex | — | $8.0M |
| FCF MarginFCF / Revenue | — | 17.0% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 6.56× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $188.7M | $8.0M | ||
| Q3 25 | $63.5M | $9.1M | ||
| Q2 25 | $44.3M | $7.0M | ||
| Q1 25 | $39.0M | $6.1M | ||
| Q4 24 | $211.2M | $-10.5M | ||
| Q3 24 | $64.6M | $-7.1M | ||
| Q2 24 | $38.5M | $-8.0M | ||
| Q1 24 | $38.9M | $-350.0K |
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $8.7M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-7.1M | ||
| Q2 24 | — | $-8.2M | ||
| Q1 24 | — | $-447.0K |
| Q4 25 | — | 17.0% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | -47.0% | ||
| Q3 24 | — | -30.0% | ||
| Q2 24 | — | -28.9% | ||
| Q1 24 | — | -1.5% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.3% |
| 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× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LXP
Segment breakdown not available.
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
