vs

Side-by-side financial comparison of ATLANTIC AMERICAN CORP (AAME) and INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR). Click either name above to swap in a different company.

INNOVATIVE INDUSTRIAL PROPERTIES INC is the larger business by last-quarter revenue ($66.7M vs $53.8M, roughly 1.2× ATLANTIC AMERICAN CORP). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 1.1%, a 46.7% gap on every dollar of revenue. On growth, ATLANTIC AMERICAN CORP posted the faster year-over-year revenue change (20.8% vs -13.1%). Over the past eight quarters, ATLANTIC AMERICAN CORP's revenue compounded faster (7.2% CAGR vs -6.0%).

The Atlantic Telegraph Company was a company formed on 6 November 1856 to undertake and exploit a commercial telegraph cable across the Atlantic Ocean, the first such telecommunications link.

Oxford Properties is a Canadian multinational corporation, with operations in real estate investment, development and property management. Its portfolio includes office, retail, industrial, multi-residential, life sciences and hotel assets. Established privately in 1960 and later wholly owned by the Ontario Municipal Employees Retirement System (OMERS) since 2003, the company is headquartered in Toronto with regional head offices in New York City, London, Australia, Singapore and Luxembourg. ...

AAME vs IIPR — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.2× larger
IIPR
$66.7M
$53.8M
AAME
Growing faster (revenue YoY)
AAME
AAME
+33.9% gap
AAME
20.8%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
46.7% more per $
IIPR
47.8%
1.1%
AAME
Faster 2-yr revenue CAGR
AAME
AAME
Annualised
AAME
7.2%
-6.0%
IIPR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AAME
AAME
IIPR
IIPR
Revenue
$53.8M
$66.7M
Net Profit
$577.0K
$31.8M
Gross Margin
Operating Margin
1.4%
47.8%
Net Margin
1.1%
47.8%
Revenue YoY
20.8%
-13.1%
Net Profit YoY
128.9%
-20.4%
EPS (diluted)
$0.02
$1.07

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
AAME
AAME
IIPR
IIPR
Q4 25
$66.7M
Q3 25
$53.8M
$64.7M
Q2 25
$55.3M
$62.9M
Q1 25
$50.1M
$71.7M
Q4 24
$49.0M
$76.7M
Q3 24
$44.5M
$76.5M
Q2 24
$47.7M
$79.8M
Q1 24
$47.0M
$75.5M
Net Profit
AAME
AAME
IIPR
IIPR
Q4 25
$31.8M
Q3 25
$577.0K
$29.3M
Q2 25
$3.3M
$26.0M
Q1 25
$802.0K
$31.1M
Q4 24
$412.0K
$40.0M
Q3 24
$-2.0M
$40.2M
Q2 24
$-684.0K
$42.0M
Q1 24
$-2.0M
$39.4M
Operating Margin
AAME
AAME
IIPR
IIPR
Q4 25
47.8%
Q3 25
1.4%
45.5%
Q2 25
7.6%
45.9%
Q1 25
2.1%
47.4%
Q4 24
1.1%
54.7%
Q3 24
-5.5%
54.8%
Q2 24
-1.8%
53.1%
Q1 24
-5.3%
55.7%
Net Margin
AAME
AAME
IIPR
IIPR
Q4 25
47.8%
Q3 25
1.1%
45.3%
Q2 25
6.0%
41.4%
Q1 25
1.6%
43.3%
Q4 24
0.8%
52.2%
Q3 24
-4.5%
52.6%
Q2 24
-1.4%
52.6%
Q1 24
-4.3%
52.3%
EPS (diluted)
AAME
AAME
IIPR
IIPR
Q4 25
$1.07
Q3 25
$0.02
$0.97
Q2 25
$0.15
$0.86
Q1 25
$0.03
$1.03
Q4 24
$0.01
$1.35
Q3 24
$-0.10
$1.37
Q2 24
$-0.04
$1.44
Q1 24
$-0.10
$1.36

Balance Sheet & Financial Strength

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

Metric
AAME
AAME
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$34.4M
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$109.5M
$1.8B
Total Assets
$430.9M
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAME
AAME
IIPR
IIPR
Q4 25
$47.6M
Q3 25
$34.4M
$41.9M
Q2 25
$46.4M
$104.9M
Q1 25
$35.9M
$133.3M
Q4 24
$35.6M
$151.2M
Q3 24
$23.0M
$172.4M
Q2 24
$21.2M
$160.9M
Q1 24
$21.2M
$173.5M
Total Debt
AAME
AAME
IIPR
IIPR
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AAME
AAME
IIPR
IIPR
Q4 25
$1.8B
Q3 25
$109.5M
$1.9B
Q2 25
$106.2M
$1.9B
Q1 25
$102.4M
$1.9B
Q4 24
$99.6M
$1.9B
Q3 24
$105.8M
$1.9B
Q2 24
$100.7M
$1.9B
Q1 24
$102.8M
$2.0B
Total Assets
AAME
AAME
IIPR
IIPR
Q4 25
$2.4B
Q3 25
$430.9M
$2.3B
Q2 25
$429.3M
$2.3B
Q1 25
$388.4M
$2.4B
Q4 24
$393.4M
$2.4B
Q3 24
$387.0M
$2.4B
Q2 24
$386.0M
$2.4B
Q1 24
$365.8M
$2.4B
Debt / Equity
AAME
AAME
IIPR
IIPR
Q4 25
0.21×
Q3 25
Q2 25
Q1 25
Q4 24
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
AAME
AAME
IIPR
IIPR
Operating Cash FlowLast quarter
$6.6M
$198.2M
Free Cash FlowOCF − Capex
$6.6M
FCF MarginFCF / Revenue
12.3%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
11.51×
6.22×
TTM Free Cash FlowTrailing 4 quarters
$19.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAME
AAME
IIPR
IIPR
Q4 25
$198.2M
Q3 25
$6.6M
$45.6M
Q2 25
$9.3M
$48.4M
Q1 25
$-722.0K
$54.2M
Q4 24
$4.8M
$258.4M
Q3 24
$90.0K
$64.9M
Q2 24
$416.0K
$64.2M
Q1 24
$-5.3M
$71.6M
Free Cash Flow
AAME
AAME
IIPR
IIPR
Q4 25
Q3 25
$6.6M
Q2 25
$9.1M
Q1 25
$-986.0K
Q4 24
$4.6M
Q3 24
$58.0K
Q2 24
$361.0K
Q1 24
$-5.4M
FCF Margin
AAME
AAME
IIPR
IIPR
Q4 25
Q3 25
12.3%
Q2 25
16.5%
Q1 25
-2.0%
Q4 24
9.3%
Q3 24
0.1%
Q2 24
0.8%
Q1 24
-11.4%
Capex Intensity
AAME
AAME
IIPR
IIPR
Q4 25
Q3 25
0.1%
Q2 25
0.3%
Q1 25
0.5%
Q4 24
0.5%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
AAME
AAME
IIPR
IIPR
Q4 25
6.22×
Q3 25
11.51×
1.56×
Q2 25
2.80×
1.86×
Q1 25
-0.90×
1.75×
Q4 24
11.65×
6.46×
Q3 24
1.61×
Q2 24
1.53×
Q1 24
1.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAME
AAME

Bankers Fidelity$30.0M56%
American Southern$23.7M44%

IIPR
IIPR

Segment breakdown not available.

Related Comparisons