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Side-by-side financial comparison of BEYOND MEAT, INC. (BYND) 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 $61.6M, roughly 1.1× BEYOND MEAT, INC.). On growth, INNOVATIVE INDUSTRIAL PROPERTIES INC posted the faster year-over-year revenue change (-13.1% vs -19.7%). Over the past eight quarters, INNOVATIVE INDUSTRIAL PROPERTIES INC's revenue compounded faster (-6.0% CAGR vs -9.7%).

Beyond Meat, Inc., branded as Beyond, is a producer of plant-based meat alternatives founded in 2009 by Ethan Brown. The company's products were first launched in the United States in 2012.

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. ...

BYND vs IIPR — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.1× larger
IIPR
$66.7M
$61.6M
BYND
Growing faster (revenue YoY)
IIPR
IIPR
+6.5% gap
IIPR
-13.1%
-19.7%
BYND
Faster 2-yr revenue CAGR
IIPR
IIPR
Annualised
IIPR
-6.0%
-9.7%
BYND

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BYND
BYND
IIPR
IIPR
Revenue
$61.6M
$66.7M
Net Profit
$31.8M
Gross Margin
-11.5%
Operating Margin
-211.4%
47.8%
Net Margin
47.8%
Revenue YoY
-19.7%
-13.1%
Net Profit YoY
-20.4%
EPS (diluted)
$0.68
$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
BYND
BYND
IIPR
IIPR
Q4 25
$61.6M
$66.7M
Q3 25
$70.2M
$64.7M
Q2 25
$75.0M
$62.9M
Q1 25
$68.7M
$71.7M
Q4 24
$76.7M
$76.7M
Q3 24
$81.0M
$76.5M
Q2 24
$93.2M
$79.8M
Q1 24
$75.6M
$75.5M
Net Profit
BYND
BYND
IIPR
IIPR
Q4 25
$31.8M
Q3 25
$-110.7M
$29.3M
Q2 25
$-29.2M
$26.0M
Q1 25
$-52.9M
$31.1M
Q4 24
$40.0M
Q3 24
$-26.6M
$40.2M
Q2 24
$-34.5M
$42.0M
Q1 24
$-54.4M
$39.4M
Gross Margin
BYND
BYND
IIPR
IIPR
Q4 25
-11.5%
Q3 25
10.3%
Q2 25
11.5%
Q1 25
-1.5%
Q4 24
13.1%
Q3 24
17.7%
Q2 24
14.7%
Q1 24
4.9%
Operating Margin
BYND
BYND
IIPR
IIPR
Q4 25
-211.4%
47.8%
Q3 25
-160.0%
45.5%
Q2 25
-46.6%
45.9%
Q1 25
-81.8%
47.4%
Q4 24
-49.3%
54.7%
Q3 24
-38.2%
54.8%
Q2 24
-36.4%
53.1%
Q1 24
-70.7%
55.7%
Net Margin
BYND
BYND
IIPR
IIPR
Q4 25
47.8%
Q3 25
-157.6%
45.3%
Q2 25
-39.0%
41.4%
Q1 25
-77.0%
43.3%
Q4 24
52.2%
Q3 24
-32.8%
52.6%
Q2 24
-37.0%
52.6%
Q1 24
-71.9%
52.3%
EPS (diluted)
BYND
BYND
IIPR
IIPR
Q4 25
$0.68
$1.07
Q3 25
$-1.44
$0.97
Q2 25
$-0.38
$0.86
Q1 25
$-0.69
$1.03
Q4 24
$-0.65
$1.35
Q3 24
$-0.41
$1.37
Q2 24
$-0.53
$1.44
Q1 24
$-0.84
$1.36

Balance Sheet & Financial Strength

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

Metric
BYND
BYND
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$203.9M
$47.6M
Total DebtLower is stronger
$415.7M
$393.7M
Stockholders' EquityBook value
$-997.0K
$1.8B
Total Assets
$614.7M
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BYND
BYND
IIPR
IIPR
Q4 25
$203.9M
$47.6M
Q3 25
$117.3M
$41.9M
Q2 25
$103.5M
$104.9M
Q1 25
$102.1M
$133.3M
Q4 24
$131.9M
$151.2M
Q3 24
$121.7M
$172.4M
Q2 24
$144.9M
$160.9M
Q1 24
$157.9M
$173.5M
Total Debt
BYND
BYND
IIPR
IIPR
Q4 25
$415.7M
$393.7M
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Stockholders' Equity
BYND
BYND
IIPR
IIPR
Q4 25
$-997.0K
$1.8B
Q3 25
$-784.1M
$1.9B
Q2 25
$-677.0M
$1.9B
Q1 25
$-649.5M
$1.9B
Q4 24
$-601.2M
$1.9B
Q3 24
$-611.9M
$1.9B
Q2 24
$-590.0M
$1.9B
Q1 24
$-561.4M
$2.0B
Total Assets
BYND
BYND
IIPR
IIPR
Q4 25
$614.7M
$2.4B
Q3 25
$599.7M
$2.3B
Q2 25
$691.7M
$2.3B
Q1 25
$643.8M
$2.4B
Q4 24
$678.1M
$2.4B
Q3 24
$692.9M
$2.4B
Q2 24
$711.2M
$2.4B
Q1 24
$735.0M
$2.4B
Debt / Equity
BYND
BYND
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
BYND
BYND
IIPR
IIPR
Operating Cash FlowLast quarter
$-46.8M
$198.2M
Free Cash FlowOCF − Capex
$-49.8M
FCF MarginFCF / Revenue
-80.8%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
6.22×
TTM Free Cash FlowTrailing 4 quarters
$-157.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BYND
BYND
IIPR
IIPR
Q4 25
$-46.8M
$198.2M
Q3 25
$-38.8M
$45.6M
Q2 25
$-33.2M
$48.4M
Q1 25
$-26.1M
$54.2M
Q4 24
$-29.0M
$258.4M
Q3 24
$-22.0M
$64.9M
Q2 24
$-16.0M
$64.2M
Q1 24
$-31.8M
$71.6M
Free Cash Flow
BYND
BYND
IIPR
IIPR
Q4 25
$-49.8M
Q3 25
$-41.7M
Q2 25
$-35.1M
Q1 25
$-30.6M
Q4 24
$-35.4M
Q3 24
$-24.1M
Q2 24
$-17.3M
Q1 24
$-33.0M
FCF Margin
BYND
BYND
IIPR
IIPR
Q4 25
-80.8%
Q3 25
-59.4%
Q2 25
-46.9%
Q1 25
-44.6%
Q4 24
-46.2%
Q3 24
-29.7%
Q2 24
-18.6%
Q1 24
-43.7%
Capex Intensity
BYND
BYND
IIPR
IIPR
Q4 25
4.8%
Q3 25
4.1%
Q2 25
2.6%
Q1 25
6.5%
Q4 24
8.4%
Q3 24
2.5%
Q2 24
1.4%
Q1 24
1.6%
Cash Conversion
BYND
BYND
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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