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Side-by-side financial comparison of Bank of Marin Bancorp (BMRC) 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 $34.1M, roughly 2.0× Bank of Marin Bancorp). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 24.9%, a 22.8% gap on every dollar of revenue. Over the past eight quarters, Bank of Marin Bancorp's revenue compounded faster (23.3% CAGR vs -6.0%).

American River Bank was a community bank founded in 1983 by Robert H. Daneke, who served as first president and CEO, and Bill L. Withrow, the first Chairman of the Board, and served the Greater Sacramento area in California. As of 2019, It operated ten branches in Northern CA. American River Bank which offered both business and personal financial services and was a wholly owned subsidiary of American River Bankshares.

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. ...

BMRC vs IIPR — Head-to-Head

Bigger by revenue
IIPR
IIPR
2.0× larger
IIPR
$66.7M
$34.1M
BMRC
Higher net margin
IIPR
IIPR
22.8% more per $
IIPR
47.8%
24.9%
BMRC
Faster 2-yr revenue CAGR
BMRC
BMRC
Annualised
BMRC
23.3%
-6.0%
IIPR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BMRC
BMRC
IIPR
IIPR
Revenue
$34.1M
$66.7M
Net Profit
$8.5M
$31.8M
Gross Margin
Operating Margin
47.8%
Net Margin
24.9%
47.8%
Revenue YoY
-13.1%
Net Profit YoY
74.5%
-20.4%
EPS (diluted)
$0.53
$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
BMRC
BMRC
IIPR
IIPR
Q1 26
$34.1M
Q4 25
$27.0M
$66.7M
Q3 25
$30.9M
$64.7M
Q2 25
$10.3M
$62.9M
Q1 25
$27.8M
$71.7M
Q4 24
$22.2M
$76.7M
Q3 24
$27.2M
$76.5M
Q2 24
$22.5M
$79.8M
Net Profit
BMRC
BMRC
IIPR
IIPR
Q1 26
$8.5M
Q4 25
$-39.5M
$31.8M
Q3 25
$7.5M
$29.3M
Q2 25
$-8.5M
$26.0M
Q1 25
$4.9M
$31.1M
Q4 24
$6.0M
$40.0M
Q3 24
$4.6M
$40.2M
Q2 24
$-21.9M
$42.0M
Operating Margin
BMRC
BMRC
IIPR
IIPR
Q1 26
Q4 25
-212.6%
47.8%
Q3 25
31.1%
45.5%
Q2 25
-108.8%
45.9%
Q1 25
23.3%
47.4%
Q4 24
43.5%
54.7%
Q3 24
25.7%
54.8%
Q2 24
-153.0%
53.1%
Net Margin
BMRC
BMRC
IIPR
IIPR
Q1 26
24.9%
Q4 25
-146.5%
47.8%
Q3 25
24.3%
45.3%
Q2 25
-82.9%
41.4%
Q1 25
17.5%
43.3%
Q4 24
27.1%
52.2%
Q3 24
16.8%
52.6%
Q2 24
-97.5%
52.6%
EPS (diluted)
BMRC
BMRC
IIPR
IIPR
Q1 26
$0.53
Q4 25
$-2.48
$1.07
Q3 25
$0.47
$0.97
Q2 25
$-0.53
$0.86
Q1 25
$0.30
$1.03
Q4 24
$0.38
$1.35
Q3 24
$0.28
$1.37
Q2 24
$-1.36
$1.44

Balance Sheet & Financial Strength

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

Metric
BMRC
BMRC
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$394.5M
$1.8B
Total Assets
$3.9B
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BMRC
BMRC
IIPR
IIPR
Q1 26
Q4 25
$47.6M
Q3 25
$41.9M
Q2 25
$104.9M
Q1 25
$133.3M
Q4 24
$151.2M
Q3 24
$172.4M
Q2 24
$160.9M
Total Debt
BMRC
BMRC
IIPR
IIPR
Q1 26
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
BMRC
BMRC
IIPR
IIPR
Q1 26
$394.5M
Q4 25
$394.7M
$1.8B
Q3 25
$443.8M
$1.9B
Q2 25
$438.5M
$1.9B
Q1 25
$439.6M
$1.9B
Q4 24
$435.4M
$1.9B
Q3 24
$437.0M
$1.9B
Q2 24
$434.9M
$1.9B
Total Assets
BMRC
BMRC
IIPR
IIPR
Q1 26
$3.9B
Q4 25
$3.9B
$2.4B
Q3 25
$3.9B
$2.3B
Q2 25
$3.7B
$2.3B
Q1 25
$3.8B
$2.4B
Q4 24
$3.7B
$2.4B
Q3 24
$3.8B
$2.4B
Q2 24
$3.7B
$2.4B
Debt / Equity
BMRC
BMRC
IIPR
IIPR
Q1 26
Q4 25
0.21×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BMRC
BMRC
IIPR
IIPR
Operating Cash FlowLast quarter
$198.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
6.22×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BMRC
BMRC
IIPR
IIPR
Q1 26
Q4 25
$39.1M
$198.2M
Q3 25
$12.5M
$45.6M
Q2 25
$8.0M
$48.4M
Q1 25
$4.9M
$54.2M
Q4 24
$28.4M
$258.4M
Q3 24
$9.9M
$64.9M
Q2 24
$3.4M
$64.2M
Free Cash Flow
BMRC
BMRC
IIPR
IIPR
Q1 26
Q4 25
$37.3M
Q3 25
$12.1M
Q2 25
$7.1M
Q1 25
$4.6M
Q4 24
$27.8M
Q3 24
$9.8M
Q2 24
$3.4M
FCF Margin
BMRC
BMRC
IIPR
IIPR
Q1 26
Q4 25
138.1%
Q3 25
39.0%
Q2 25
68.7%
Q1 25
16.6%
Q4 24
125.7%
Q3 24
36.0%
Q2 24
15.0%
Capex Intensity
BMRC
BMRC
IIPR
IIPR
Q1 26
Q4 25
6.7%
Q3 25
1.3%
Q2 25
9.4%
Q1 25
1.1%
Q4 24
2.3%
Q3 24
0.4%
Q2 24
0.4%
Cash Conversion
BMRC
BMRC
IIPR
IIPR
Q1 26
Q4 25
6.22×
Q3 25
1.66×
1.56×
Q2 25
1.86×
Q1 25
1.01×
1.75×
Q4 24
4.73×
6.46×
Q3 24
2.16×
1.61×
Q2 24
1.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BMRC
BMRC

Net Interest Income$30.3M89%
Noninterest Income$3.8M11%

IIPR
IIPR

Segment breakdown not available.

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