Industrial Logis Financials
This page shows Industrial Logis (ILPT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Heavy leverage makes this asset-rich business live or die by cash flow recovery, not by accounting earnings alone.
FY2025's cash rebound to$60.7M from$2.0M in FY2024 shows the business can produce more cash than the recent loss trend suggests. But interest expense still ran at$264.6M while equity shrank to$489.7M , so the financing burden still outweighs that operating improvement.
Leverage is worsening through denominator shrinkage as much as through debt itself. Long-term debt eased only from
Non-cash charges are masking part of the operating picture: FY2025 depreciation was
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Industrial Logis's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Industrial Logis has elevated debt relative to equity (D/E of 8.56), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Industrial Logis generates a -13.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -17.0% the prior year.
Industrial Logis passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Industrial Logis generates $-0.92 in operating cash flow ($60.7M OCF vs -$66.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Industrial Logis reported -$66.2M in net income in fiscal year 2025. This represents an increase of 30.8% from the prior year.
Industrial Logis earned $-1.00 per diluted share (EPS) in fiscal year 2025. This represents an increase of 31.5% from the prior year.
Cash & Balance Sheet
Industrial Logis held $94.8M in cash against $4.2B in long-term debt as of fiscal year 2025.
Industrial Logis paid $0.12 per share in dividends in fiscal year 2025. This represents an increase of 200.0% from the prior year.
Industrial Logis had 67M shares outstanding in fiscal year 2025. This represents an increase of 0.8% from the prior year.
Margins & Returns
Industrial Logis's ROE was -13.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.5 percentage points from the prior year.
Capital Allocation
Industrial Logis spent $451K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 44.6% from the prior year.
ILPT Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $9.5M | N/A | $10.6M+9.6% | $9.7M+17.3% | $8.2M | N/A | $7.2M-8.8% | $7.9M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $61.7M | N/A | $63.5M-6.5% | $67.9M-2.7% | $69.8M | N/A | $73.9M+0.4% | $73.6M |
| Income Tax | $114K | N/A | $31K+3.3% | $30K+7.1% | $28K | N/A | $33K-8.3% | $36K |
| Net Income | -$9.4M | N/A | -$21.6M-1.2% | -$21.3M+1.0% | -$21.5M | N/A | -$25.0M-7.8% | -$23.2M |
| EPS (Diluted) | $-0.14 | N/A | $-0.33-3.1% | $-0.32+3.0% | $-0.33 | N/A | $-0.38-8.6% | $-0.35 |
ILPT Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.2B-0.4% | $5.2B-0.6% | $5.2B-0.4% | $5.2B-2.3% | $5.4B-0.8% | $5.4B-0.9% | $5.5B-0.6% | $5.5B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $99.5M+4.9% | $94.8M+14.0% | $83.2M+42.0% | $58.6M-45.8% | $108.0M-18.0% | $131.7M-14.4% | $153.9M+5.3% | $146.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $137.6M+0.7% | $136.7M+5.1% | $130.1M-0.6% | $130.9M-0.4% | $131.5M+1.8% | $129.2M+5.2% | $122.7M+3.9% | $118.2M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $4.3B-0.1% | $4.3B-0.4% | $4.3B+0.3% | $4.3B-2.2% | $4.4B-0.2% | $4.4B-0.3% | $4.4B+0.2% | $4.4B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $4.2B-0.1% | $4.2B-0.1% | $4.2B-0.1% | $4.2B-2.2% | $4.3B-0.1% | $4.3B-0.1% | $4.3B0.0% | $4.3B |
| Total Equity | $479.7M-2.0% | $489.7M-0.9% | $494.1M-4.8% | $519.1M-3.8% | $539.5M-4.0% | $562.0M-4.1% | $585.9M-5.2% | $618.3M |
| Retained Earnings | -$162.1M-6.2% | -$152.7M-1.2% | -$150.9M-16.7% | -$129.3M-19.7% | -$108.0M-24.9% | -$86.5M-38.6% | -$62.4M-66.9% | -$37.4M |
ILPT Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $15.9M+94.3% | $8.2M-64.0% | $22.7M+23.4% | $18.4M+61.9% | $11.4M+184.5% | -$13.5M-294.5% | -$3.4M-131.5% | $10.8M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$4.7M-188.3% | $5.3M+20.5% | $4.4M-25.5% | $5.9M+150.7% | -$11.7M-222.2% | -$3.6M-123.6% | $15.4M-6.2% | $16.4M |
| Financing Cash Flow | -$8.4M-3.3% | -$8.2M+3.8% | -$8.5M+91.7% | -$102.0M-1767.5% | -$5.5M-1.9% | -$5.4M+4.7% | -$5.6M-8.7% | -$5.2M |
| Dividends Paid | $3.3M0.0% | $3.3M+0.5% | $3.3M+401.1% | $662K+0.2% | $661K-0.2% | $662K+0.5% | $659K0.0% | $659K |
| Share Buybacks | $16K-5.9% | $17K-95.8% | $402K+1240.0% | $30K+1400.0% | $2K+100.0% | $1K-99.6% | $253K+2711.1% | $9K |
ILPT Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -2.0% | N/A | -4.4%-0.3pp | -4.1%-0.1pp | -4.0% | N/A | -4.3%-0.5pp | -3.8% |
| Return on Assets | -0.2% | N/A | -0.4%0.0pp | -0.4%-0.0pp | -0.4% | N/A | -0.5%-0.0pp | -0.4% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 8.73+0.2 | 8.56+0.1 | 8.49+0.4 | 8.09+0.1 | 7.96+0.3 | 7.65+0.3 | 7.35+0.4 | 6.96 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
Is Industrial Logis profitable?
No, Industrial Logis (ILPT) reported a net income of -$66.2M in fiscal year 2025.
How much debt does Industrial Logis have?
As of fiscal year 2025, Industrial Logis (ILPT) had $94.8M in cash and equivalents against $4.2B in long-term debt.
Does Industrial Logis pay dividends?
Yes, Industrial Logis (ILPT) paid $0.12 per share in dividends during fiscal year 2025.
What is Industrial Logis's return on equity (ROE)?
Industrial Logis (ILPT) has a return on equity of -13.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Industrial Logis's operating cash flow?
Industrial Logis (ILPT) generated $60.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Industrial Logis's total assets?
Industrial Logis (ILPT) had $5.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Industrial Logis's debt-to-equity ratio?
Industrial Logis (ILPT) had a debt-to-equity ratio of 8.56 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Industrial Logis's return on assets (ROA)?
Industrial Logis (ILPT) had a return on assets of -1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Industrial Logis's Piotroski F-Score?
Industrial Logis (ILPT) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Industrial Logis's earnings high quality?
Industrial Logis (ILPT) has an earnings quality ratio of -0.92x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Industrial Logis?
Industrial Logis (ILPT) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.