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

AGILYSYS INC is the larger business by last-quarter revenue ($80.4M vs $66.7M, roughly 1.2× INNOVATIVE INDUSTRIAL PROPERTIES INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 12.3%, a 35.5% gap on every dollar of revenue. On growth, AGILYSYS INC posted the faster year-over-year revenue change (15.6% vs -13.1%).

Agilysys Inc. is an American software company that develops and markets proprietary enterprise software and other products for the hospitality industry. The company specializes in point of sale, property management, inventory and procurement, document management, workforce management, and mobile and wireless products.

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. ...

AGYS vs IIPR — Head-to-Head

Bigger by revenue
AGYS
AGYS
1.2× larger
AGYS
$80.4M
$66.7M
IIPR
Growing faster (revenue YoY)
AGYS
AGYS
+28.7% gap
AGYS
15.6%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
35.5% more per $
IIPR
47.8%
12.3%
AGYS

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
AGYS
AGYS
IIPR
IIPR
Revenue
$80.4M
$66.7M
Net Profit
$9.9M
$31.8M
Gross Margin
62.5%
Operating Margin
14.6%
47.8%
Net Margin
12.3%
47.8%
Revenue YoY
15.6%
-13.1%
Net Profit YoY
158.4%
-20.4%
EPS (diluted)
$0.35
$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
AGYS
AGYS
IIPR
IIPR
Q4 25
$80.4M
$66.7M
Q3 25
$79.3M
$64.7M
Q2 25
$76.7M
$62.9M
Q1 25
$71.7M
Q4 24
$76.7M
Q3 24
$76.5M
Q2 24
$79.8M
Q1 24
$75.5M
Net Profit
AGYS
AGYS
IIPR
IIPR
Q4 25
$9.9M
$31.8M
Q3 25
$11.7M
$29.3M
Q2 25
$4.9M
$26.0M
Q1 25
$31.1M
Q4 24
$40.0M
Q3 24
$40.2M
Q2 24
$42.0M
Q1 24
$39.4M
Gross Margin
AGYS
AGYS
IIPR
IIPR
Q4 25
62.5%
Q3 25
61.7%
Q2 25
61.7%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
AGYS
AGYS
IIPR
IIPR
Q4 25
14.6%
47.8%
Q3 25
17.8%
45.5%
Q2 25
5.9%
45.9%
Q1 25
47.4%
Q4 24
54.7%
Q3 24
54.8%
Q2 24
53.1%
Q1 24
55.7%
Net Margin
AGYS
AGYS
IIPR
IIPR
Q4 25
12.3%
47.8%
Q3 25
14.8%
45.3%
Q2 25
6.4%
41.4%
Q1 25
43.3%
Q4 24
52.2%
Q3 24
52.6%
Q2 24
52.6%
Q1 24
52.3%
EPS (diluted)
AGYS
AGYS
IIPR
IIPR
Q4 25
$0.35
$1.07
Q3 25
$0.41
$0.97
Q2 25
$0.17
$0.86
Q1 25
$1.03
Q4 24
$1.35
Q3 24
$1.37
Q2 24
$1.44
Q1 24
$1.36

Balance Sheet & Financial Strength

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

Metric
AGYS
AGYS
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$81.5M
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$313.1M
$1.8B
Total Assets
$475.2M
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGYS
AGYS
IIPR
IIPR
Q4 25
$81.5M
$47.6M
Q3 25
$59.3M
$41.9M
Q2 25
$55.6M
$104.9M
Q1 25
$133.3M
Q4 24
$151.2M
Q3 24
$172.4M
Q2 24
$160.9M
Q1 24
$173.5M
Total Debt
AGYS
AGYS
IIPR
IIPR
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AGYS
AGYS
IIPR
IIPR
Q4 25
$313.1M
$1.8B
Q3 25
$296.7M
$1.9B
Q2 25
$283.2M
$1.9B
Q1 25
$1.9B
Q4 24
$1.9B
Q3 24
$1.9B
Q2 24
$1.9B
Q1 24
$2.0B
Total Assets
AGYS
AGYS
IIPR
IIPR
Q4 25
$475.2M
$2.4B
Q3 25
$425.6M
$2.3B
Q2 25
$426.0M
$2.3B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Q1 24
$2.4B
Debt / Equity
AGYS
AGYS
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
AGYS
AGYS
IIPR
IIPR
Operating Cash FlowLast quarter
$23.3M
$198.2M
Free Cash FlowOCF − Capex
$22.7M
FCF MarginFCF / Revenue
28.3%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
2.35×
6.22×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGYS
AGYS
IIPR
IIPR
Q4 25
$23.3M
$198.2M
Q3 25
$15.2M
$45.6M
Q2 25
$-4.3M
$48.4M
Q1 25
$54.2M
Q4 24
$258.4M
Q3 24
$64.9M
Q2 24
$64.2M
Q1 24
$71.6M
Free Cash Flow
AGYS
AGYS
IIPR
IIPR
Q4 25
$22.7M
Q3 25
$15.0M
Q2 25
$-5.0M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
AGYS
AGYS
IIPR
IIPR
Q4 25
28.3%
Q3 25
18.9%
Q2 25
-6.5%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
AGYS
AGYS
IIPR
IIPR
Q4 25
0.7%
Q3 25
0.3%
Q2 25
0.8%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
AGYS
AGYS
IIPR
IIPR
Q4 25
2.35×
6.22×
Q3 25
1.30×
1.56×
Q2 25
-0.89×
1.86×
Q1 25
1.75×
Q4 24
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

AGYS
AGYS

Subscription And Maintenance$52.0M65%
Professional Services$17.7M22%
Products$10.7M13%

IIPR
IIPR

Segment breakdown not available.

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