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

LXP Industrial Trust is the larger business by last-quarter revenue ($86.7M vs $82.3M, roughly 1.1× Twin Hospitality Group Inc.). LXP Industrial Trust runs the higher net margin — 33.2% vs -29.7%, a 62.9% gap on every dollar of revenue.

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.

Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.

LXP vs TWNP — Head-to-Head

Bigger by revenue
LXP
LXP
1.1× larger
LXP
$86.7M
$82.3M
TWNP
Higher net margin
LXP
LXP
62.9% more per $
LXP
33.2%
-29.7%
TWNP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
LXP
LXP
TWNP
TWNP
Revenue
$86.7M
$82.3M
Net Profit
$28.8M
$-24.5M
Gross Margin
81.5%
Operating Margin
34.6%
-16.2%
Net Margin
33.2%
-29.7%
Revenue YoY
-14.0%
Net Profit YoY
EPS (diluted)
$-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
LXP
LXP
TWNP
TWNP
Q4 25
$86.7M
Q3 25
$86.9M
$82.3M
Q2 25
$87.7M
$87.8M
Q1 25
$88.9M
$87.1M
Q4 24
$100.9M
Q3 24
$85.6M
Q2 24
$85.8M
Q1 24
$86.3M
Net Profit
LXP
LXP
TWNP
TWNP
Q4 25
$28.8M
Q3 25
$36.3M
$-24.5M
Q2 25
$29.1M
$-20.8M
Q1 25
$19.0M
$-12.1M
Q4 24
Q3 24
$6.3M
Q2 24
$5.4M
Q1 24
$-269.0K
Gross Margin
LXP
LXP
TWNP
TWNP
Q4 25
81.5%
Q3 25
82.3%
Q2 25
81.9%
Q1 25
80.7%
Q4 24
85.3%
Q3 24
82.5%
Q2 24
82.0%
Q1 24
82.4%
Operating Margin
LXP
LXP
TWNP
TWNP
Q4 25
34.6%
Q3 25
50.4%
-16.2%
Q2 25
33.7%
-13.2%
Q1 25
21.8%
-1.2%
Q4 24
Q3 24
7.9%
Q2 24
6.9%
Q1 24
1.0%
Net Margin
LXP
LXP
TWNP
TWNP
Q4 25
33.2%
Q3 25
41.7%
-29.7%
Q2 25
33.2%
-23.7%
Q1 25
21.4%
-13.9%
Q4 24
Q3 24
7.4%
Q2 24
6.3%
Q1 24
-0.3%
EPS (diluted)
LXP
LXP
TWNP
TWNP
Q4 25
Q3 25
$0.12
$-0.43
Q2 25
$0.09
$-0.38
Q1 25
$0.06
$-0.26
Q4 24
Q3 24
$0.02
Q2 24
$0.01
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
LXP
LXP
TWNP
TWNP
Cash + ST InvestmentsLiquidity on hand
$170.4M
Total DebtLower is stronger
$1.4B
$402.8M
Stockholders' EquityBook value
$2.0B
$-92.1M
Total Assets
$3.5B
$516.8M
Debt / EquityLower = less leverage
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LXP
LXP
TWNP
TWNP
Q4 25
$170.4M
Q3 25
$229.7M
Q2 25
$71.0M
Q1 25
$70.9M
Q4 24
$101.8M
Q3 24
$55.0M
Q2 24
$48.7M
Q1 24
$293.8M
Total Debt
LXP
LXP
TWNP
TWNP
Q4 25
$1.4B
Q3 25
$1.5B
$402.8M
Q2 25
$1.5B
$411.3M
Q1 25
$1.5B
$413.0M
Q4 24
$1.6B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
LXP
LXP
TWNP
TWNP
Q4 25
$2.0B
Q3 25
$2.1B
$-92.1M
Q2 25
$2.1B
$-78.6M
Q1 25
$2.1B
$-101.9M
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.1B
Q1 24
$2.2B
Total Assets
LXP
LXP
TWNP
TWNP
Q4 25
$3.5B
Q3 25
$3.7B
$516.8M
Q2 25
$3.7B
$535.1M
Q1 25
$3.8B
$544.2M
Q4 24
$3.8B
Q3 24
$3.9B
Q2 24
$3.9B
Q1 24
$4.2B
Debt / Equity
LXP
LXP
TWNP
TWNP
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
TWNP
TWNP
Operating Cash FlowLast quarter
$188.7M
$-5.9M
Free Cash FlowOCF − Capex
$-7.4M
FCF MarginFCF / Revenue
-9.0%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
6.56×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LXP
LXP
TWNP
TWNP
Q4 25
$188.7M
Q3 25
$63.5M
$-5.9M
Q2 25
$44.3M
$-8.8M
Q1 25
$39.0M
$-5.7M
Q4 24
$211.2M
Q3 24
$64.6M
Q2 24
$38.5M
Q1 24
$38.9M
Free Cash Flow
LXP
LXP
TWNP
TWNP
Q4 25
Q3 25
$-7.4M
Q2 25
$-10.6M
Q1 25
$-9.7M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
LXP
LXP
TWNP
TWNP
Q4 25
Q3 25
-9.0%
Q2 25
-12.1%
Q1 25
-11.2%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
LXP
LXP
TWNP
TWNP
Q4 25
Q3 25
1.9%
Q2 25
2.1%
Q1 25
4.6%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
LXP
LXP
TWNP
TWNP
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.

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