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Side-by-side financial comparison of ARK RESTAURANTS CORP (ARKR) 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 $40.7M, roughly 1.6× ARK RESTAURANTS CORP). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 2.2%, a 45.6% gap on every dollar of revenue. On growth, ARK RESTAURANTS CORP posted the faster year-over-year revenue change (-9.4% vs -13.1%). Over the past eight quarters, ARK RESTAURANTS CORP's revenue compounded faster (-1.8% CAGR vs -6.0%).

ARK Restaurants Corp operates a diversified portfolio of dining establishments across the United States, spanning casual dining, fast-casual, and upscale fine dining segments. Its offerings include American comfort food, BBQ, seafood, and Italian cuisine, serving local community patrons and tourist visitors across dozens of locations in multiple states.

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. ...

ARKR vs IIPR — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.6× larger
IIPR
$66.7M
$40.7M
ARKR
Growing faster (revenue YoY)
ARKR
ARKR
+3.7% gap
ARKR
-9.4%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
45.6% more per $
IIPR
47.8%
2.2%
ARKR
Faster 2-yr revenue CAGR
ARKR
ARKR
Annualised
ARKR
-1.8%
-6.0%
IIPR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ARKR
ARKR
IIPR
IIPR
Revenue
$40.7M
$66.7M
Net Profit
$896.0K
$31.8M
Gross Margin
Operating Margin
2.7%
47.8%
Net Margin
2.2%
47.8%
Revenue YoY
-9.4%
-13.1%
Net Profit YoY
-71.7%
-20.4%
EPS (diluted)
$0.25
$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
ARKR
ARKR
IIPR
IIPR
Q4 25
$40.7M
$66.7M
Q3 25
$37.3M
$64.7M
Q2 25
$43.7M
$62.9M
Q1 25
$39.7M
$71.7M
Q4 24
$45.0M
$76.7M
Q3 24
$43.4M
$76.5M
Q2 24
$50.4M
$79.8M
Q1 24
$42.3M
$75.5M
Net Profit
ARKR
ARKR
IIPR
IIPR
Q4 25
$896.0K
$31.8M
Q3 25
$-1.9M
$29.3M
Q2 25
$-3.5M
$26.0M
Q1 25
$-9.3M
$31.1M
Q4 24
$3.2M
$40.0M
Q3 24
$-4.5M
$40.2M
Q2 24
$640.0K
$42.0M
Q1 24
$-1.4M
$39.4M
Operating Margin
ARKR
ARKR
IIPR
IIPR
Q4 25
2.7%
47.8%
Q3 25
-4.6%
45.5%
Q2 25
-7.8%
45.9%
Q1 25
-11.6%
47.4%
Q4 24
12.6%
54.7%
Q3 24
-12.7%
54.8%
Q2 24
1.6%
53.1%
Q1 24
-2.8%
55.7%
Net Margin
ARKR
ARKR
IIPR
IIPR
Q4 25
2.2%
47.8%
Q3 25
-5.1%
45.3%
Q2 25
-7.9%
41.4%
Q1 25
-23.3%
43.3%
Q4 24
7.0%
52.2%
Q3 24
-10.3%
52.6%
Q2 24
1.3%
52.6%
Q1 24
-3.4%
52.3%
EPS (diluted)
ARKR
ARKR
IIPR
IIPR
Q4 25
$0.25
$1.07
Q3 25
$-0.53
$0.97
Q2 25
$-0.96
$0.86
Q1 25
$-2.57
$1.03
Q4 24
$0.88
$1.35
Q3 24
$-1.24
$1.37
Q2 24
$0.18
$1.44
Q1 24
$-0.40
$1.36

Balance Sheet & Financial Strength

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

Metric
ARKR
ARKR
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$9.1M
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$33.7M
$1.8B
Total Assets
$130.4M
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARKR
ARKR
IIPR
IIPR
Q4 25
$9.1M
$47.6M
Q3 25
$11.3M
$41.9M
Q2 25
$12.3M
$104.9M
Q1 25
$11.1M
$133.3M
Q4 24
$13.1M
$151.2M
Q3 24
$10.3M
$172.4M
Q2 24
$11.5M
$160.9M
Q1 24
$10.4M
$173.5M
Total Debt
ARKR
ARKR
IIPR
IIPR
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ARKR
ARKR
IIPR
IIPR
Q4 25
$33.7M
$1.8B
Q3 25
$32.7M
$1.9B
Q2 25
$34.7M
$1.9B
Q1 25
$38.1M
$1.9B
Q4 24
$47.3M
$1.9B
Q3 24
$44.1M
$1.9B
Q2 24
$48.9M
$1.9B
Q1 24
$49.7M
$2.0B
Total Assets
ARKR
ARKR
IIPR
IIPR
Q4 25
$130.4M
$2.4B
Q3 25
$133.5M
$2.3B
Q2 25
$136.3M
$2.3B
Q1 25
$141.9M
$2.4B
Q4 24
$154.6M
$2.4B
Q3 24
$156.0M
$2.4B
Q2 24
$166.5M
$2.4B
Q1 24
$169.6M
$2.4B
Debt / Equity
ARKR
ARKR
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
ARKR
ARKR
IIPR
IIPR
Operating Cash FlowLast quarter
$-550.0K
$198.2M
Free Cash FlowOCF − Capex
$-1.8M
FCF MarginFCF / Revenue
-4.4%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
-0.61×
6.22×
TTM Free Cash FlowTrailing 4 quarters
$-1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARKR
ARKR
IIPR
IIPR
Q4 25
$-550.0K
$198.2M
Q3 25
$633.0K
$45.6M
Q2 25
$1.9M
$48.4M
Q1 25
$612.0K
$54.2M
Q4 24
$-1.3M
$258.4M
Q3 24
$728.0K
$64.9M
Q2 24
$3.2M
$64.2M
Q1 24
$208.0K
$71.6M
Free Cash Flow
ARKR
ARKR
IIPR
IIPR
Q4 25
$-1.8M
Q3 25
$-989.0K
Q2 25
$1.2M
Q1 25
$290.0K
Q4 24
$-2.0M
Q3 24
$-482.0K
Q2 24
$2.5M
Q1 24
$-148.0K
FCF Margin
ARKR
ARKR
IIPR
IIPR
Q4 25
-4.4%
Q3 25
-2.6%
Q2 25
2.7%
Q1 25
0.7%
Q4 24
-4.4%
Q3 24
-1.1%
Q2 24
5.0%
Q1 24
-0.4%
Capex Intensity
ARKR
ARKR
IIPR
IIPR
Q4 25
3.1%
Q3 25
4.3%
Q2 25
1.5%
Q1 25
0.8%
Q4 24
1.4%
Q3 24
2.8%
Q2 24
1.2%
Q1 24
0.8%
Cash Conversion
ARKR
ARKR
IIPR
IIPR
Q4 25
-0.61×
6.22×
Q3 25
1.56×
Q2 25
1.86×
Q1 25
1.75×
Q4 24
-0.43×
6.46×
Q3 24
1.61×
Q2 24
4.94×
1.53×
Q1 24
1.82×

Financial Flow Comparison

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

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