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Side-by-side financial comparison of SIERRA BANCORP (BSRR) 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 $39.3M, roughly 1.7× SIERRA BANCORP). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 40.4%, a 7.4% gap on every dollar of revenue. On growth, SIERRA BANCORP posted the faster year-over-year revenue change (3.8% vs -13.1%). Over the past eight quarters, SIERRA BANCORP's revenue compounded faster (2.6% CAGR vs -6.0%).

Sierra Bancorp is a U.S.-based regional bank holding company operating the Bank of the Sierra brand. It offers full retail and commercial banking services including deposit products, consumer and commercial loans, and mortgages, primarily serving local communities, SMEs and individual customers across Central and Southern California.

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. ...

BSRR vs IIPR — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.7× larger
IIPR
$66.7M
$39.3M
BSRR
Growing faster (revenue YoY)
BSRR
BSRR
+16.9% gap
BSRR
3.8%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
7.4% more per $
IIPR
47.8%
40.4%
BSRR
Faster 2-yr revenue CAGR
BSRR
BSRR
Annualised
BSRR
2.6%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BSRR
BSRR
IIPR
IIPR
Revenue
$39.3M
$66.7M
Net Profit
$12.9M
$31.8M
Gross Margin
Operating Margin
43.6%
47.8%
Net Margin
40.4%
47.8%
Revenue YoY
3.8%
-13.1%
Net Profit YoY
24.4%
-20.4%
EPS (diluted)
$0.96
$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
BSRR
BSRR
IIPR
IIPR
Q4 25
$39.3M
$66.7M
Q3 25
$40.0M
$64.7M
Q2 25
$39.2M
$62.9M
Q1 25
$36.8M
$71.7M
Q4 24
$37.9M
$76.7M
Q3 24
$38.6M
$76.5M
Q2 24
$37.8M
$79.8M
Q1 24
$37.3M
$75.5M
Net Profit
BSRR
BSRR
IIPR
IIPR
Q4 25
$12.9M
$31.8M
Q3 25
$9.7M
$29.3M
Q2 25
$10.6M
$26.0M
Q1 25
$9.1M
$31.1M
Q4 24
$10.4M
$40.0M
Q3 24
$10.6M
$40.2M
Q2 24
$10.3M
$42.0M
Q1 24
$9.3M
$39.4M
Operating Margin
BSRR
BSRR
IIPR
IIPR
Q4 25
43.6%
47.8%
Q3 25
31.7%
45.5%
Q2 25
36.3%
45.9%
Q1 25
33.4%
47.4%
Q4 24
33.3%
54.7%
Q3 24
37.4%
54.8%
Q2 24
37.6%
53.1%
Q1 24
33.9%
55.7%
Net Margin
BSRR
BSRR
IIPR
IIPR
Q4 25
40.4%
47.8%
Q3 25
24.2%
45.3%
Q2 25
27.1%
41.4%
Q1 25
24.8%
43.3%
Q4 24
34.1%
52.2%
Q3 24
27.5%
52.6%
Q2 24
27.2%
52.6%
Q1 24
25.0%
52.3%
EPS (diluted)
BSRR
BSRR
IIPR
IIPR
Q4 25
$0.96
$1.07
Q3 25
$0.72
$0.97
Q2 25
$0.78
$0.86
Q1 25
$0.65
$1.03
Q4 24
$0.73
$1.35
Q3 24
$0.74
$1.37
Q2 24
$0.71
$1.44
Q1 24
$0.64
$1.36

Balance Sheet & Financial Strength

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

Metric
BSRR
BSRR
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$135.6M
$47.6M
Total DebtLower is stronger
$49.5M
$393.7M
Stockholders' EquityBook value
$364.9M
$1.8B
Total Assets
$3.8B
$2.4B
Debt / EquityLower = less leverage
0.14×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BSRR
BSRR
IIPR
IIPR
Q4 25
$135.6M
$47.6M
Q3 25
$95.5M
$41.9M
Q2 25
$130.0M
$104.9M
Q1 25
$159.7M
$133.3M
Q4 24
$100.7M
$151.2M
Q3 24
$132.8M
$172.4M
Q2 24
$184.0M
$160.9M
Q1 24
$119.2M
$173.5M
Total Debt
BSRR
BSRR
IIPR
IIPR
Q4 25
$49.5M
$393.7M
Q3 25
$49.5M
Q2 25
$49.4M
Q1 25
$49.4M
Q4 24
$49.4M
Q3 24
$49.4M
Q2 24
$49.3M
Q1 24
$49.3M
Stockholders' Equity
BSRR
BSRR
IIPR
IIPR
Q4 25
$364.9M
$1.8B
Q3 25
$360.1M
$1.9B
Q2 25
$355.7M
$1.9B
Q1 25
$351.8M
$1.9B
Q4 24
$357.3M
$1.9B
Q3 24
$358.7M
$1.9B
Q2 24
$350.0M
$1.9B
Q1 24
$345.1M
$2.0B
Total Assets
BSRR
BSRR
IIPR
IIPR
Q4 25
$3.8B
$2.4B
Q3 25
$3.7B
$2.3B
Q2 25
$3.8B
$2.3B
Q1 25
$3.6B
$2.4B
Q4 24
$3.6B
$2.4B
Q3 24
$3.7B
$2.4B
Q2 24
$3.7B
$2.4B
Q1 24
$3.6B
$2.4B
Debt / Equity
BSRR
BSRR
IIPR
IIPR
Q4 25
0.14×
0.21×
Q3 25
0.14×
Q2 25
0.14×
Q1 25
0.14×
Q4 24
0.14×
Q3 24
0.14×
Q2 24
0.14×
Q1 24
0.14×

Cash Flow & Capital Efficiency

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

Metric
BSRR
BSRR
IIPR
IIPR
Operating Cash FlowLast quarter
$33.7M
$198.2M
Free Cash FlowOCF − Capex
$32.2M
FCF MarginFCF / Revenue
81.9%
Capex IntensityCapex / Revenue
3.9%
Cash ConversionOCF / Net Profit
2.61×
6.22×
TTM Free Cash FlowTrailing 4 quarters
$50.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BSRR
BSRR
IIPR
IIPR
Q4 25
$33.7M
$198.2M
Q3 25
$14.9M
$45.6M
Q2 25
$-35.9M
$48.4M
Q1 25
$40.6M
$54.2M
Q4 24
$57.2M
$258.4M
Q3 24
$27.4M
$64.9M
Q2 24
$620.0K
$64.2M
Q1 24
$7.0M
$71.6M
Free Cash Flow
BSRR
BSRR
IIPR
IIPR
Q4 25
$32.2M
Q3 25
$14.7M
Q2 25
$-36.3M
Q1 25
$40.2M
Q4 24
$56.0M
Q3 24
$27.3M
Q2 24
$202.0K
Q1 24
$6.6M
FCF Margin
BSRR
BSRR
IIPR
IIPR
Q4 25
81.9%
Q3 25
36.7%
Q2 25
-92.6%
Q1 25
109.5%
Q4 24
147.9%
Q3 24
70.7%
Q2 24
0.5%
Q1 24
17.7%
Capex Intensity
BSRR
BSRR
IIPR
IIPR
Q4 25
3.9%
Q3 25
0.6%
Q2 25
1.2%
Q1 25
1.0%
Q4 24
3.1%
Q3 24
0.3%
Q2 24
1.1%
Q1 24
1.0%
Cash Conversion
BSRR
BSRR
IIPR
IIPR
Q4 25
2.61×
6.22×
Q3 25
1.54×
1.56×
Q2 25
-3.37×
1.86×
Q1 25
4.46×
1.75×
Q4 24
5.51×
6.46×
Q3 24
2.58×
1.61×
Q2 24
0.06×
1.53×
Q1 24
0.75×
1.82×

Financial Flow Comparison

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

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