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Side-by-side financial comparison of Baozun Inc. (BZUN) and INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR). Click either name above to swap in a different company.

Baozun Inc. is the larger business by last-quarter revenue ($84.2M vs $66.7M, roughly 1.3× INNOVATIVE INDUSTRIAL PROPERTIES INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs -2.0%, a 49.8% gap on every dollar of revenue.

Baozun Inc is a leading digital commerce service provider focused on the Chinese market. It delivers full-stack e-commerce solutions including official store operation, digital marketing, logistics and fulfillment, customer support, and technical infrastructure services for global and local consumer brands across fashion, beauty, FMCG, consumer electronics, and other core retail segments.

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. ...

BZUN vs IIPR — Head-to-Head

Bigger by revenue
BZUN
BZUN
1.3× larger
BZUN
$84.2M
$66.7M
IIPR
Higher net margin
IIPR
IIPR
49.8% more per $
IIPR
47.8%
-2.0%
BZUN

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BZUN
BZUN
IIPR
IIPR
Revenue
$84.2M
$66.7M
Net Profit
$-1.7M
$31.8M
Gross Margin
Operating Margin
-1.7%
47.8%
Net Margin
-2.0%
47.8%
Revenue YoY
-13.1%
Net Profit YoY
-20.4%
EPS (diluted)
$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
BZUN
BZUN
IIPR
IIPR
Q4 25
$66.7M
Q3 25
$64.7M
Q2 25
$84.2M
$62.9M
Q1 25
$71.7M
Q4 24
$76.7M
Q3 24
$76.5M
Q2 24
$79.8M
Q1 24
$75.5M
Net Profit
BZUN
BZUN
IIPR
IIPR
Q4 25
$31.8M
Q3 25
$29.3M
Q2 25
$-1.7M
$26.0M
Q1 25
$31.1M
Q4 24
$40.0M
Q3 24
$40.2M
Q2 24
$42.0M
Q1 24
$39.4M
Operating Margin
BZUN
BZUN
IIPR
IIPR
Q4 25
47.8%
Q3 25
45.5%
Q2 25
-1.7%
45.9%
Q1 25
47.4%
Q4 24
54.7%
Q3 24
54.8%
Q2 24
53.1%
Q1 24
55.7%
Net Margin
BZUN
BZUN
IIPR
IIPR
Q4 25
47.8%
Q3 25
45.3%
Q2 25
-2.0%
41.4%
Q1 25
43.3%
Q4 24
52.2%
Q3 24
52.6%
Q2 24
52.6%
Q1 24
52.3%
EPS (diluted)
BZUN
BZUN
IIPR
IIPR
Q4 25
$1.07
Q3 25
$0.97
Q2 25
$0.86
Q1 25
$1.03
Q4 24
$1.35
Q3 24
$1.37
Q2 24
$1.44
Q1 24
$1.36

Balance Sheet & Financial Strength

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

Metric
BZUN
BZUN
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$6.9M
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$10.7M
$1.8B
Total Assets
$25.9M
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BZUN
BZUN
IIPR
IIPR
Q4 25
$47.6M
Q3 25
$41.9M
Q2 25
$6.9M
$104.9M
Q1 25
$133.3M
Q4 24
$151.2M
Q3 24
$172.4M
Q2 24
$160.9M
Q1 24
$173.5M
Total Debt
BZUN
BZUN
IIPR
IIPR
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BZUN
BZUN
IIPR
IIPR
Q4 25
$1.8B
Q3 25
$1.9B
Q2 25
$10.7M
$1.9B
Q1 25
$1.9B
Q4 24
$1.9B
Q3 24
$1.9B
Q2 24
$1.9B
Q1 24
$2.0B
Total Assets
BZUN
BZUN
IIPR
IIPR
Q4 25
$2.4B
Q3 25
$2.3B
Q2 25
$25.9M
$2.3B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Q1 24
$2.4B
Debt / Equity
BZUN
BZUN
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
BZUN
BZUN
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
BZUN
BZUN
IIPR
IIPR
Q4 25
$198.2M
Q3 25
$45.6M
Q2 25
$48.4M
Q1 25
$54.2M
Q4 24
$258.4M
Q3 24
$64.9M
Q2 24
$64.2M
Q1 24
$71.6M
Cash Conversion
BZUN
BZUN
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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