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Side-by-side financial comparison of Carter Bankshares, Inc. (CARE) 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 $39.8M, roughly 1.7× Carter Bankshares, Inc.). On growth, Carter Bankshares, Inc. posted the faster year-over-year revenue change (15.4% vs -13.1%). Over the past eight quarters, Carter Bankshares, Inc.'s revenue compounded faster (9.1% CAGR vs -6.0%).

Carter Bankshares, Inc. is a U.S. regional bank holding company operating Carter Bank & Trust, a community-focused financial institution. It offers a full range of retail and commercial banking products including deposit accounts, personal and business loans, and wealth management services, primarily serving consumers and small business clients across Virginia and North Carolina.

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. ...

CARE vs IIPR — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.7× larger
IIPR
$66.7M
$39.8M
CARE
Growing faster (revenue YoY)
CARE
CARE
+28.5% gap
CARE
15.4%
-13.1%
IIPR
Faster 2-yr revenue CAGR
CARE
CARE
Annualised
CARE
9.1%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CARE
CARE
IIPR
IIPR
Revenue
$39.8M
$66.7M
Net Profit
$31.8M
Gross Margin
Operating Margin
27.8%
47.8%
Net Margin
47.8%
Revenue YoY
15.4%
-13.1%
Net Profit YoY
-20.4%
EPS (diluted)
$0.38
$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
CARE
CARE
IIPR
IIPR
Q4 25
$39.8M
$66.7M
Q3 25
$39.1M
$64.7M
Q2 25
$37.3M
$62.9M
Q1 25
$37.0M
$71.7M
Q4 24
$34.5M
$76.7M
Q3 24
$34.2M
$76.5M
Q2 24
$33.6M
$79.8M
Q1 24
$33.5M
$75.5M
Net Profit
CARE
CARE
IIPR
IIPR
Q4 25
$31.8M
Q3 25
$5.4M
$29.3M
Q2 25
$8.5M
$26.0M
Q1 25
$9.0M
$31.1M
Q4 24
$40.0M
Q3 24
$5.6M
$40.2M
Q2 24
$4.8M
$42.0M
Q1 24
$5.8M
$39.4M
Operating Margin
CARE
CARE
IIPR
IIPR
Q4 25
27.8%
47.8%
Q3 25
18.3%
45.5%
Q2 25
28.5%
45.9%
Q1 25
30.1%
47.4%
Q4 24
31.0%
54.7%
Q3 24
20.5%
54.8%
Q2 24
17.6%
53.1%
Q1 24
21.6%
55.7%
Net Margin
CARE
CARE
IIPR
IIPR
Q4 25
47.8%
Q3 25
13.9%
45.3%
Q2 25
22.8%
41.4%
Q1 25
24.2%
43.3%
Q4 24
52.2%
Q3 24
16.4%
52.6%
Q2 24
14.3%
52.6%
Q1 24
17.4%
52.3%
EPS (diluted)
CARE
CARE
IIPR
IIPR
Q4 25
$0.38
$1.07
Q3 25
$0.24
$0.97
Q2 25
$0.37
$0.86
Q1 25
$0.39
$1.03
Q4 24
$0.36
$1.35
Q3 24
$0.24
$1.37
Q2 24
$0.21
$1.44
Q1 24
$0.25
$1.36

Balance Sheet & Financial Strength

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

Metric
CARE
CARE
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$419.7M
$1.8B
Total Assets
$4.9B
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CARE
CARE
IIPR
IIPR
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
Q1 24
$173.5M
Total Debt
CARE
CARE
IIPR
IIPR
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CARE
CARE
IIPR
IIPR
Q4 25
$419.7M
$1.8B
Q3 25
$412.8M
$1.9B
Q2 25
$405.6M
$1.9B
Q1 25
$401.8M
$1.9B
Q4 24
$384.3M
$1.9B
Q3 24
$386.8M
$1.9B
Q2 24
$364.4M
$1.9B
Q1 24
$359.1M
$2.0B
Total Assets
CARE
CARE
IIPR
IIPR
Q4 25
$4.9B
$2.4B
Q3 25
$4.8B
$2.3B
Q2 25
$4.8B
$2.3B
Q1 25
$4.7B
$2.4B
Q4 24
$4.7B
$2.4B
Q3 24
$4.6B
$2.4B
Q2 24
$4.5B
$2.4B
Q1 24
$4.6B
$2.4B
Debt / Equity
CARE
CARE
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
CARE
CARE
IIPR
IIPR
Operating Cash FlowLast quarter
$39.9M
$198.2M
Free Cash FlowOCF − Capex
$31.8M
FCF MarginFCF / Revenue
79.9%
Capex IntensityCapex / Revenue
20.2%
Cash ConversionOCF / Net Profit
6.22×
TTM Free Cash FlowTrailing 4 quarters
$54.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CARE
CARE
IIPR
IIPR
Q4 25
$39.9M
$198.2M
Q3 25
$11.8M
$45.6M
Q2 25
$9.6M
$48.4M
Q1 25
$6.4M
$54.2M
Q4 24
$36.9M
$258.4M
Q3 24
$10.3M
$64.9M
Q2 24
$-2.5M
$64.2M
Q1 24
$17.6M
$71.6M
Free Cash Flow
CARE
CARE
IIPR
IIPR
Q4 25
$31.8M
Q3 25
$10.3M
Q2 25
$7.7M
Q1 25
$4.9M
Q4 24
$28.8M
Q3 24
$8.4M
Q2 24
$-4.3M
Q1 24
$16.3M
FCF Margin
CARE
CARE
IIPR
IIPR
Q4 25
79.9%
Q3 25
26.3%
Q2 25
20.6%
Q1 25
13.1%
Q4 24
83.5%
Q3 24
24.6%
Q2 24
-12.7%
Q1 24
48.8%
Capex Intensity
CARE
CARE
IIPR
IIPR
Q4 25
20.2%
Q3 25
3.9%
Q2 25
5.1%
Q1 25
4.1%
Q4 24
23.6%
Q3 24
5.5%
Q2 24
5.4%
Q1 24
3.9%
Cash Conversion
CARE
CARE
IIPR
IIPR
Q4 25
6.22×
Q3 25
2.18×
1.56×
Q2 25
1.13×
1.86×
Q1 25
0.71×
1.75×
Q4 24
6.46×
Q3 24
1.83×
1.61×
Q2 24
-0.51×
1.53×
Q1 24
3.03×
1.82×

Financial Flow Comparison

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

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