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Side-by-side financial comparison of BROADWIND, INC. (BWEN) 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 $37.7M, roughly 1.8× BROADWIND, INC.). On growth, BROADWIND, INC. posted the faster year-over-year revenue change (12.4% vs -13.1%). Over the past eight quarters, BROADWIND, INC.'s revenue compounded faster (0.2% CAGR vs -6.0%).

Broadwind Inc. is a U.S.-headquartered industrial manufacturer that produces heavy structural components, gearing systems, and offers aftermarket services for renewable energy, infrastructure, and heavy industrial segments. It primarily supplies core parts for wind turbines, utility energy projects, and industrial equipment to clients across North America.

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. ...

BWEN vs IIPR — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.8× larger
IIPR
$66.7M
$37.7M
BWEN
Growing faster (revenue YoY)
BWEN
BWEN
+25.6% gap
BWEN
12.4%
-13.1%
IIPR
Faster 2-yr revenue CAGR
BWEN
BWEN
Annualised
BWEN
0.2%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BWEN
BWEN
IIPR
IIPR
Revenue
$37.7M
$66.7M
Net Profit
$31.8M
Gross Margin
8.8%
Operating Margin
-0.2%
47.8%
Net Margin
47.8%
Revenue YoY
12.4%
-13.1%
Net Profit YoY
-20.4%
EPS (diluted)
$-0.03
$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
BWEN
BWEN
IIPR
IIPR
Q4 25
$37.7M
$66.7M
Q3 25
$44.2M
$64.7M
Q2 25
$39.2M
$62.9M
Q1 25
$36.8M
$71.7M
Q4 24
$33.6M
$76.7M
Q3 24
$35.5M
$76.5M
Q2 24
$36.5M
$79.8M
Q1 24
$37.6M
$75.5M
Net Profit
BWEN
BWEN
IIPR
IIPR
Q4 25
$31.8M
Q3 25
$7.5M
$29.3M
Q2 25
$-989.0K
$26.0M
Q1 25
$-370.0K
$31.1M
Q4 24
$40.0M
Q3 24
$74.0K
$40.2M
Q2 24
$482.0K
$42.0M
Q1 24
$1.5M
$39.4M
Gross Margin
BWEN
BWEN
IIPR
IIPR
Q4 25
8.8%
Q3 25
10.2%
Q2 25
10.1%
Q1 25
11.7%
Q4 24
11.3%
Q3 24
14.6%
Q2 24
15.3%
Q1 24
17.6%
Operating Margin
BWEN
BWEN
IIPR
IIPR
Q4 25
-0.2%
47.8%
Q3 25
19.7%
45.5%
Q2 25
-0.4%
45.9%
Q1 25
0.5%
47.4%
Q4 24
-0.9%
54.7%
Q3 24
3.3%
54.8%
Q2 24
3.4%
53.1%
Q1 24
5.5%
55.7%
Net Margin
BWEN
BWEN
IIPR
IIPR
Q4 25
47.8%
Q3 25
16.9%
45.3%
Q2 25
-2.5%
41.4%
Q1 25
-1.0%
43.3%
Q4 24
52.2%
Q3 24
0.2%
52.6%
Q2 24
1.3%
52.6%
Q1 24
4.0%
52.3%
EPS (diluted)
BWEN
BWEN
IIPR
IIPR
Q4 25
$-0.03
$1.07
Q3 25
$0.32
$0.97
Q2 25
$-0.04
$0.86
Q1 25
$-0.02
$1.03
Q4 24
$-0.04
$1.35
Q3 24
$0.00
$1.37
Q2 24
$0.02
$1.44
Q1 24
$0.07
$1.36

Balance Sheet & Financial Strength

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

Metric
BWEN
BWEN
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$456.0K
$47.6M
Total DebtLower is stronger
$10.1M
$393.7M
Stockholders' EquityBook value
$66.3M
$1.8B
Total Assets
$116.8M
$2.4B
Debt / EquityLower = less leverage
0.15×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWEN
BWEN
IIPR
IIPR
Q4 25
$456.0K
$47.6M
Q3 25
$1.2M
$41.9M
Q2 25
$1.0M
$104.9M
Q1 25
$1.2M
$133.3M
Q4 24
$7.7M
$151.2M
Q3 24
$1.4M
$172.4M
Q2 24
$938.0K
$160.9M
Q1 24
$1.1M
$173.5M
Total Debt
BWEN
BWEN
IIPR
IIPR
Q4 25
$10.1M
$393.7M
Q3 25
$10.3M
Q2 25
$26.1M
Q1 25
$12.2M
Q4 24
$9.2M
Q3 24
$16.9M
Q2 24
$18.0M
Q1 24
$7.7M
Stockholders' Equity
BWEN
BWEN
IIPR
IIPR
Q4 25
$66.3M
$1.8B
Q3 25
$66.9M
$1.9B
Q2 25
$59.0M
$1.9B
Q1 25
$59.3M
$1.9B
Q4 24
$59.4M
$1.9B
Q3 24
$59.6M
$1.9B
Q2 24
$59.1M
$1.9B
Q1 24
$58.0M
$2.0B
Total Assets
BWEN
BWEN
IIPR
IIPR
Q4 25
$116.8M
$2.4B
Q3 25
$119.6M
$2.3B
Q2 25
$130.5M
$2.3B
Q1 25
$129.3M
$2.4B
Q4 24
$128.3M
$2.4B
Q3 24
$125.1M
$2.4B
Q2 24
$122.5M
$2.4B
Q1 24
$123.1M
$2.4B
Debt / Equity
BWEN
BWEN
IIPR
IIPR
Q4 25
0.15×
0.21×
Q3 25
0.15×
Q2 25
0.44×
Q1 25
0.21×
Q4 24
0.15×
Q3 24
0.28×
Q2 24
0.30×
Q1 24
0.13×

Cash Flow & Capital Efficiency

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

Metric
BWEN
BWEN
IIPR
IIPR
Operating Cash FlowLast quarter
$857.0K
$198.2M
Free Cash FlowOCF − Capex
$-187.0K
FCF MarginFCF / Revenue
-0.5%
Capex IntensityCapex / Revenue
2.8%
Cash ConversionOCF / Net Profit
6.22×
TTM Free Cash FlowTrailing 4 quarters
$-19.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWEN
BWEN
IIPR
IIPR
Q4 25
$857.0K
$198.2M
Q3 25
$4.3M
$45.6M
Q2 25
$-12.5M
$48.4M
Q1 25
$-8.0M
$54.2M
Q4 24
$14.8M
$258.4M
Q3 24
$2.4M
$64.9M
Q2 24
$-9.3M
$64.2M
Q1 24
$5.9M
$71.6M
Free Cash Flow
BWEN
BWEN
IIPR
IIPR
Q4 25
$-187.0K
Q3 25
$3.8M
Q2 25
$-13.7M
Q1 25
$-9.0M
Q4 24
$14.5M
Q3 24
$1.7M
Q2 24
$-10.1M
Q1 24
$4.1M
FCF Margin
BWEN
BWEN
IIPR
IIPR
Q4 25
-0.5%
Q3 25
8.6%
Q2 25
-34.8%
Q1 25
-24.3%
Q4 24
43.1%
Q3 24
4.8%
Q2 24
-27.6%
Q1 24
10.9%
Capex Intensity
BWEN
BWEN
IIPR
IIPR
Q4 25
2.8%
Q3 25
1.1%
Q2 25
3.1%
Q1 25
2.5%
Q4 24
1.0%
Q3 24
2.1%
Q2 24
2.2%
Q1 24
4.6%
Cash Conversion
BWEN
BWEN
IIPR
IIPR
Q4 25
6.22×
Q3 25
0.57×
1.56×
Q2 25
1.86×
Q1 25
1.75×
Q4 24
6.46×
Q3 24
32.99×
1.61×
Q2 24
-19.26×
1.53×
Q1 24
3.88×
1.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BWEN
BWEN

Heavy Fabrications$21.6M57%
Industrial Solutions$9.4M25%
Gearing$7.0M19%

IIPR
IIPR

Segment breakdown not available.

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