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

ANAPTYSBIO, INC is the larger business by last-quarter revenue ($108.2M vs $66.7M, roughly 1.6× INNOVATIVE INDUSTRIAL PROPERTIES INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 45.8%, a 1.9% gap on every dollar of revenue. On growth, ANAPTYSBIO, INC posted the faster year-over-year revenue change (151.1% vs -13.1%). Over the past eight quarters, ANAPTYSBIO, INC's revenue compounded faster (288.3% CAGR vs -6.0%).

AnaptysBio, Inc. is a clinical-stage biotechnology company focused on developing antibody-based immunotherapies for inflammatory diseases, immuno-oncology indications, and rare disease conditions. It primarily serves the U.S. market, advancing its innovative product candidate pipeline to address unmet medical needs via rigorous research and clinical development.

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. ...

ANAB vs IIPR — Head-to-Head

Bigger by revenue
ANAB
ANAB
1.6× larger
ANAB
$108.2M
$66.7M
IIPR
Growing faster (revenue YoY)
ANAB
ANAB
+164.2% gap
ANAB
151.1%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
1.9% more per $
IIPR
47.8%
45.8%
ANAB
Faster 2-yr revenue CAGR
ANAB
ANAB
Annualised
ANAB
288.3%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANAB
ANAB
IIPR
IIPR
Revenue
$108.2M
$66.7M
Net Profit
$49.6M
$31.8M
Gross Margin
Operating Margin
61.8%
47.8%
Net Margin
45.8%
47.8%
Revenue YoY
151.1%
-13.1%
Net Profit YoY
327.8%
-20.4%
EPS (diluted)
$1.64
$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
ANAB
ANAB
IIPR
IIPR
Q4 25
$108.2M
$66.7M
Q3 25
$76.3M
$64.7M
Q2 25
$22.3M
$62.9M
Q1 25
$27.8M
$71.7M
Q4 24
$43.1M
$76.7M
Q3 24
$30.0M
$76.5M
Q2 24
$11.0M
$79.8M
Q1 24
$7.2M
$75.5M
Net Profit
ANAB
ANAB
IIPR
IIPR
Q4 25
$49.6M
$31.8M
Q3 25
$15.1M
$29.3M
Q2 25
$-38.6M
$26.0M
Q1 25
$-39.3M
$31.1M
Q4 24
$-21.8M
$40.0M
Q3 24
$-32.9M
$40.2M
Q2 24
$-46.7M
$42.0M
Q1 24
$-43.9M
$39.4M
Operating Margin
ANAB
ANAB
IIPR
IIPR
Q4 25
61.8%
47.8%
Q3 25
45.5%
45.5%
Q2 25
-117.5%
45.9%
Q1 25
-99.2%
47.4%
Q4 24
-22.4%
54.7%
Q3 24
-75.8%
54.8%
Q2 24
-367.5%
53.1%
Q1 24
-587.8%
55.7%
Net Margin
ANAB
ANAB
IIPR
IIPR
Q4 25
45.8%
47.8%
Q3 25
19.8%
45.3%
Q2 25
-173.5%
41.4%
Q1 25
-141.6%
43.3%
Q4 24
-50.5%
52.2%
Q3 24
-109.4%
52.6%
Q2 24
-425.3%
52.6%
Q1 24
-612.0%
52.3%
EPS (diluted)
ANAB
ANAB
IIPR
IIPR
Q4 25
$1.64
$1.07
Q3 25
$0.52
$0.97
Q2 25
$-1.34
$0.86
Q1 25
$-1.28
$1.03
Q4 24
$-0.63
$1.35
Q3 24
$-1.14
$1.37
Q2 24
$-1.71
$1.44
Q1 24
$-1.64
$1.36

Balance Sheet & Financial Strength

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

Metric
ANAB
ANAB
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$238.2M
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$37.2M
$1.8B
Total Assets
$364.4M
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANAB
ANAB
IIPR
IIPR
Q4 25
$238.2M
$47.6M
Q3 25
$109.8M
$41.9M
Q2 25
$44.3M
$104.9M
Q1 25
$98.6M
$133.3M
Q4 24
$123.1M
$151.2M
Q3 24
$191.6M
$172.4M
Q2 24
$71.8M
$160.9M
Q1 24
$53.7M
$173.5M
Total Debt
ANAB
ANAB
IIPR
IIPR
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ANAB
ANAB
IIPR
IIPR
Q4 25
$37.2M
$1.8B
Q3 25
$-29.4M
$1.9B
Q2 25
$-44.7M
$1.9B
Q1 25
$34.0M
$1.9B
Q4 24
$70.9M
$1.9B
Q3 24
$84.4M
$1.9B
Q2 24
$9.9M
$1.9B
Q1 24
$47.8M
$2.0B
Total Assets
ANAB
ANAB
IIPR
IIPR
Q4 25
$364.4M
$2.4B
Q3 25
$353.1M
$2.3B
Q2 25
$335.3M
$2.3B
Q1 25
$422.1M
$2.4B
Q4 24
$483.8M
$2.4B
Q3 24
$493.4M
$2.4B
Q2 24
$427.4M
$2.4B
Q1 24
$405.8M
$2.4B
Debt / Equity
ANAB
ANAB
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
ANAB
ANAB
IIPR
IIPR
Operating Cash FlowLast quarter
$98.0M
$198.2M
Free Cash FlowOCF − Capex
$98.0M
FCF MarginFCF / Revenue
90.5%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.98×
6.22×
TTM Free Cash FlowTrailing 4 quarters
$19.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANAB
ANAB
IIPR
IIPR
Q4 25
$98.0M
$198.2M
Q3 25
$-27.4M
$45.6M
Q2 25
$-40.2M
$48.4M
Q1 25
$-10.7M
$54.2M
Q4 24
$-66.7M
$258.4M
Q3 24
$-10.1M
$64.9M
Q2 24
$-21.3M
$64.2M
Q1 24
$-37.3M
$71.6M
Free Cash Flow
ANAB
ANAB
IIPR
IIPR
Q4 25
$98.0M
Q3 25
$-27.4M
Q2 25
$-40.3M
Q1 25
$-10.7M
Q4 24
$-66.9M
Q3 24
$-10.1M
Q2 24
$-21.4M
Q1 24
$-37.3M
FCF Margin
ANAB
ANAB
IIPR
IIPR
Q4 25
90.5%
Q3 25
-35.9%
Q2 25
-180.9%
Q1 25
-38.7%
Q4 24
-155.3%
Q3 24
-33.7%
Q2 24
-194.6%
Q1 24
-519.3%
Capex Intensity
ANAB
ANAB
IIPR
IIPR
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.6%
Q3 24
0.1%
Q2 24
0.3%
Q1 24
0.4%
Cash Conversion
ANAB
ANAB
IIPR
IIPR
Q4 25
1.98×
6.22×
Q3 25
-1.81×
1.56×
Q2 25
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.

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