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Side-by-side financial comparison of LXP Industrial Trust (LXP) and Zai Lab Ltd (ZLAB). Click either name above to swap in a different company.

Zai Lab Ltd is the larger business by last-quarter revenue ($127.1M vs $86.7M, roughly 1.5× LXP Industrial Trust). On growth, Zai Lab Ltd posted the faster year-over-year revenue change (17.1% vs -14.0%). Over the past eight quarters, Zai Lab Ltd's revenue compounded faster (20.8% 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.

Zai Lab Ltd is a global biopharmaceutical company focused on developing, manufacturing and commercializing innovative therapies for oncology, autoimmune disorders, infectious diseases and other unmet medical needs. It operates primarily in the Greater China region and partners with leading global biotech firms to expand access to life-saving treatments for underserved patient populations.

LXP vs ZLAB — Head-to-Head

Bigger by revenue
ZLAB
ZLAB
1.5× larger
ZLAB
$127.1M
$86.7M
LXP
Growing faster (revenue YoY)
ZLAB
ZLAB
+31.1% gap
ZLAB
17.1%
-14.0%
LXP
Faster 2-yr revenue CAGR
ZLAB
ZLAB
Annualised
ZLAB
20.8%
0.3%
LXP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LXP
LXP
ZLAB
ZLAB
Revenue
$86.7M
$127.1M
Net Profit
$28.8M
Gross Margin
81.5%
51.0%
Operating Margin
34.6%
-54.6%
Net Margin
33.2%
Revenue YoY
-14.0%
17.1%
Net Profit YoY
EPS (diluted)
$-0.05

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
ZLAB
ZLAB
Q4 25
$86.7M
$127.1M
Q3 25
$86.9M
$115.4M
Q2 25
$87.7M
$109.1M
Q1 25
$88.9M
$105.7M
Q4 24
$100.9M
$108.5M
Q3 24
$85.6M
$101.8M
Q2 24
$85.8M
$100.1M
Q1 24
$86.3M
$87.1M
Net Profit
LXP
LXP
ZLAB
ZLAB
Q4 25
$28.8M
Q3 25
$36.3M
$-36.0M
Q2 25
$29.1M
$-40.7M
Q1 25
$19.0M
$-48.4M
Q4 24
Q3 24
$6.3M
$-41.7M
Q2 24
$5.4M
$-80.3M
Q1 24
$-269.0K
$-53.5M
Gross Margin
LXP
LXP
ZLAB
ZLAB
Q4 25
81.5%
51.0%
Q3 25
82.3%
59.5%
Q2 25
81.9%
60.6%
Q1 25
80.7%
63.6%
Q4 24
85.3%
61.5%
Q3 24
82.5%
64.1%
Q2 24
82.0%
64.9%
Q1 24
82.4%
61.4%
Operating Margin
LXP
LXP
ZLAB
ZLAB
Q4 25
34.6%
-54.6%
Q3 25
50.4%
-42.3%
Q2 25
33.7%
-50.3%
Q1 25
21.8%
-53.3%
Q4 24
-62.6%
Q3 24
7.9%
-66.6%
Q2 24
6.9%
-76.0%
Q1 24
1.0%
-80.7%
Net Margin
LXP
LXP
ZLAB
ZLAB
Q4 25
33.2%
Q3 25
41.7%
-31.2%
Q2 25
33.2%
-37.3%
Q1 25
21.4%
-45.8%
Q4 24
Q3 24
7.4%
-40.9%
Q2 24
6.3%
-80.2%
Q1 24
-0.3%
-61.4%
EPS (diluted)
LXP
LXP
ZLAB
ZLAB
Q4 25
$-0.05
Q3 25
$0.12
$-0.03
Q2 25
$0.09
$-0.04
Q1 25
$0.06
$-0.04
Q4 24
$-0.09
Q3 24
$0.02
$-0.04
Q2 24
$0.01
$-0.08
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
LXP
LXP
ZLAB
ZLAB
Cash + ST InvestmentsLiquidity on hand
$170.4M
$689.6M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$2.0B
$715.5M
Total Assets
$3.5B
$1.2B
Debt / EquityLower = less leverage
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LXP
LXP
ZLAB
ZLAB
Q4 25
$170.4M
$689.6M
Q3 25
$229.7M
$717.2M
Q2 25
$71.0M
$732.2M
Q1 25
$70.9M
$757.3M
Q4 24
$101.8M
$779.7M
Q3 24
$55.0M
$616.1M
Q2 24
$48.7M
$630.0M
Q1 24
$293.8M
$650.8M
Total Debt
LXP
LXP
ZLAB
ZLAB
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
Stockholders' Equity
LXP
LXP
ZLAB
ZLAB
Q4 25
$2.0B
$715.5M
Q3 25
$2.1B
$759.9M
Q2 25
$2.1B
$791.7M
Q1 25
$2.1B
$810.8M
Q4 24
$2.1B
$840.9M
Q3 24
$2.1B
$667.7M
Q2 24
$2.1B
$704.2M
Q1 24
$2.2B
$762.2M
Total Assets
LXP
LXP
ZLAB
ZLAB
Q4 25
$3.5B
$1.2B
Q3 25
$3.7B
$1.2B
Q2 25
$3.7B
$1.2B
Q1 25
$3.8B
$1.2B
Q4 24
$3.8B
$1.2B
Q3 24
$3.9B
$985.3M
Q2 24
$3.9B
$987.4M
Q1 24
$4.2B
$988.4M
Debt / Equity
LXP
LXP
ZLAB
ZLAB
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
ZLAB
ZLAB
Operating Cash FlowLast quarter
$188.7M
$-26.0M
Free Cash FlowOCF − Capex
$-26.7M
FCF MarginFCF / Revenue
-21.0%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
6.56×
TTM Free Cash FlowTrailing 4 quarters
$-158.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LXP
LXP
ZLAB
ZLAB
Q4 25
$188.7M
$-26.0M
Q3 25
$63.5M
$-32.0M
Q2 25
$44.3M
$-31.0M
Q1 25
$39.0M
$-61.7M
Q4 24
$211.2M
$-55.8M
Q3 24
$64.6M
$-26.8M
Q2 24
$38.5M
$-42.2M
Q1 24
$38.9M
$-90.1M
Free Cash Flow
LXP
LXP
ZLAB
ZLAB
Q4 25
$-26.7M
Q3 25
$-35.0M
Q2 25
$-33.9M
Q1 25
$-63.2M
Q4 24
$-58.4M
Q3 24
$-28.2M
Q2 24
$-42.9M
Q1 24
$-91.1M
FCF Margin
LXP
LXP
ZLAB
ZLAB
Q4 25
-21.0%
Q3 25
-30.4%
Q2 25
-31.1%
Q1 25
-59.9%
Q4 24
-53.8%
Q3 24
-27.7%
Q2 24
-42.9%
Q1 24
-104.5%
Capex Intensity
LXP
LXP
ZLAB
ZLAB
Q4 25
0.5%
Q3 25
2.6%
Q2 25
2.6%
Q1 25
1.5%
Q4 24
2.4%
Q3 24
1.3%
Q2 24
0.7%
Q1 24
1.1%
Cash Conversion
LXP
LXP
ZLAB
ZLAB
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
LXP

Segment breakdown not available.

ZLAB
ZLAB

Zejula$56.0M44%
Other$21.9M17%
Nuzyra$16.0M13%
Optune$11.9M9%
XACDURO$10.7M8%
Qinlock$9.7M8%
AUGTYRO$836.0K1%

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