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Side-by-side financial comparison of Better Home & Finance Holding Co (BETR) 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 $44.3M, roughly 1.5× Better Home & Finance Holding Co). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs -3349.0%, a 3396.8% gap on every dollar of revenue. On growth, Better Home & Finance Holding Co posted the faster year-over-year revenue change (77.4% vs -13.1%). Over the past eight quarters, Better Home & Finance Holding Co's revenue compounded faster (41.1% CAGR vs -6.0%).

Bajaj Finance Limited (BFL) is an Indian deposit-taking non-banking financial company (NBFC-UL) headquartered in Pune. It has 110.64 million customers and holds assets under management worth ₹462,250 crore (US$55 billion), as of September 2025.

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. ...

BETR vs IIPR — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.5× larger
IIPR
$66.7M
$44.3M
BETR
Growing faster (revenue YoY)
BETR
BETR
+90.5% gap
BETR
77.4%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
3396.8% more per $
IIPR
47.8%
-3349.0%
BETR
Faster 2-yr revenue CAGR
BETR
BETR
Annualised
BETR
41.1%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BETR
BETR
IIPR
IIPR
Revenue
$44.3M
$66.7M
Net Profit
$-39.9M
$31.8M
Gross Margin
Operating Margin
-3376.8%
47.8%
Net Margin
-3349.0%
47.8%
Revenue YoY
77.4%
-13.1%
Net Profit YoY
32.6%
-20.4%
EPS (diluted)
$-2.52
$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
BETR
BETR
IIPR
IIPR
Q4 25
$44.3M
$66.7M
Q3 25
$43.9M
$64.7M
Q2 25
$44.1M
$62.9M
Q1 25
$32.6M
$71.7M
Q4 24
$25.0M
$76.7M
Q3 24
$29.0M
$76.5M
Q2 24
$32.3M
$79.8M
Q1 24
$22.3M
$75.5M
Net Profit
BETR
BETR
IIPR
IIPR
Q4 25
$-39.9M
$31.8M
Q3 25
$-39.1M
$29.3M
Q2 25
$-36.3M
$26.0M
Q1 25
$-50.6M
$31.1M
Q4 24
$-59.2M
$40.0M
Q3 24
$-54.2M
$40.2M
Q2 24
$-41.4M
$42.0M
Q1 24
$-51.5M
$39.4M
Operating Margin
BETR
BETR
IIPR
IIPR
Q4 25
-3376.8%
47.8%
Q3 25
-88.9%
45.5%
Q2 25
-81.9%
45.9%
Q1 25
-154.9%
47.4%
Q4 24
-1428.3%
54.7%
Q3 24
-186.5%
54.8%
Q2 24
-127.6%
53.1%
Q1 24
-230.8%
55.7%
Net Margin
BETR
BETR
IIPR
IIPR
Q4 25
-3349.0%
47.8%
Q3 25
-89.2%
45.3%
Q2 25
-82.2%
41.4%
Q1 25
-155.3%
43.3%
Q4 24
-1437.5%
52.2%
Q3 24
-187.0%
52.6%
Q2 24
-128.2%
52.6%
Q1 24
-231.4%
52.3%
EPS (diluted)
BETR
BETR
IIPR
IIPR
Q4 25
$-2.52
$1.07
Q3 25
$-2.56
$0.97
Q2 25
$-2.39
$0.86
Q1 25
$-3.33
$1.03
Q4 24
$-3.92
$1.35
Q3 24
$-3.58
$1.37
Q2 24
$-2.74
$1.44
Q1 24
$-3.41
$1.36

Balance Sheet & Financial Strength

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

Metric
BETR
BETR
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$203.4M
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$37.2M
$1.8B
Total Assets
$1.5B
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BETR
BETR
IIPR
IIPR
Q4 25
$203.4M
$47.6M
Q3 25
$205.8M
$41.9M
Q2 25
$221.5M
$104.9M
Q1 25
$228.0M
$133.3M
Q4 24
$264.9M
$151.2M
Q3 24
$262.1M
$172.4M
Q2 24
$378.8M
$160.9M
Q1 24
$482.6M
$173.5M
Total Debt
BETR
BETR
IIPR
IIPR
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BETR
BETR
IIPR
IIPR
Q4 25
$37.2M
$1.8B
Q3 25
$41.9M
$1.9B
Q2 25
$76.6M
$1.9B
Q1 25
$-102.1M
$1.9B
Q4 24
$-58.2M
$1.9B
Q3 24
$388.0K
$1.9B
Q2 24
$44.9M
$1.9B
Q1 24
$76.3M
$2.0B
Total Assets
BETR
BETR
IIPR
IIPR
Q4 25
$1.5B
$2.4B
Q3 25
$1.4B
$2.3B
Q2 25
$1.2B
$2.3B
Q1 25
$1.0B
$2.4B
Q4 24
$913.1M
$2.4B
Q3 24
$845.2M
$2.4B
Q2 24
$957.9M
$2.4B
Q1 24
$841.6M
$2.4B
Debt / Equity
BETR
BETR
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
BETR
BETR
IIPR
IIPR
Operating Cash FlowLast quarter
$-166.6M
$198.2M
Free Cash FlowOCF − Capex
$-167.8M
FCF MarginFCF / Revenue
-378.6%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
6.22×
TTM Free Cash FlowTrailing 4 quarters
$-277.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BETR
BETR
IIPR
IIPR
Q4 25
$-166.6M
$198.2M
Q3 25
$4.2M
$45.6M
Q2 25
$-56.3M
$48.4M
Q1 25
$-57.2M
$54.2M
Q4 24
$-380.0M
$258.4M
Q3 24
$-10.6M
$64.9M
Q2 24
$-220.6M
$64.2M
Q1 24
$-42.8M
$71.6M
Free Cash Flow
BETR
BETR
IIPR
IIPR
Q4 25
$-167.8M
Q3 25
$4.0M
Q2 25
$-56.7M
Q1 25
$-57.4M
Q4 24
$-383.4M
Q3 24
$-11.7M
Q2 24
$-221.8M
Q1 24
$-43.3M
FCF Margin
BETR
BETR
IIPR
IIPR
Q4 25
-378.6%
Q3 25
9.1%
Q2 25
-128.5%
Q1 25
-176.3%
Q4 24
-1534.6%
Q3 24
-40.5%
Q2 24
-687.6%
Q1 24
-194.5%
Capex Intensity
BETR
BETR
IIPR
IIPR
Q4 25
2.7%
Q3 25
0.5%
Q2 25
0.9%
Q1 25
0.6%
Q4 24
13.6%
Q3 24
4.1%
Q2 24
3.9%
Q1 24
2.1%
Cash Conversion
BETR
BETR
IIPR
IIPR
Q4 25
6.22×
Q3 25
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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