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Side-by-side financial comparison of CIVISTA BANCSHARES, INC. (CIVB) 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 $46.3M, roughly 1.4× CIVISTA BANCSHARES, INC.). On growth, CIVISTA BANCSHARES, INC. posted the faster year-over-year revenue change (14.8% vs -13.1%). Over the past eight quarters, CIVISTA BANCSHARES, INC.'s revenue compounded faster (12.5% CAGR vs -6.0%).

Civista Bancshares, Inc. is a US-based bank holding company operating primarily across the Midwest region. It provides a full suite of personal and commercial banking services including deposit accounts, mortgage, consumer and commercial lending products, as well as wealth management solutions, serving retail consumers, small and medium-sized local businesses and community client 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. ...

CIVB vs IIPR — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.4× larger
IIPR
$66.7M
$46.3M
CIVB
Growing faster (revenue YoY)
CIVB
CIVB
+27.9% gap
CIVB
14.8%
-13.1%
IIPR
Faster 2-yr revenue CAGR
CIVB
CIVB
Annualised
CIVB
12.5%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CIVB
CIVB
IIPR
IIPR
Revenue
$46.3M
$66.7M
Net Profit
$31.8M
Gross Margin
Operating Margin
31.8%
47.8%
Net Margin
47.8%
Revenue YoY
14.8%
-13.1%
Net Profit YoY
-20.4%
EPS (diluted)
$0.59
$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
CIVB
CIVB
IIPR
IIPR
Q4 25
$46.3M
$66.7M
Q3 25
$44.2M
$64.7M
Q2 25
$41.4M
$62.9M
Q1 25
$40.6M
$71.7M
Q4 24
$40.4M
$76.7M
Q3 24
$39.3M
$76.5M
Q2 24
$38.1M
$79.8M
Q1 24
$36.6M
$75.5M
Net Profit
CIVB
CIVB
IIPR
IIPR
Q4 25
$31.8M
Q3 25
$12.8M
$29.3M
Q2 25
$11.0M
$26.0M
Q1 25
$10.2M
$31.1M
Q4 24
$40.0M
Q3 24
$8.4M
$40.2M
Q2 24
$7.1M
$42.0M
Q1 24
$6.4M
$39.4M
Operating Margin
CIVB
CIVB
IIPR
IIPR
Q4 25
31.8%
47.8%
Q3 25
35.4%
45.5%
Q2 25
31.1%
45.9%
Q1 25
29.4%
47.4%
Q4 24
28.2%
54.7%
Q3 24
25.2%
54.8%
Q2 24
21.2%
53.1%
Q1 24
19.6%
55.7%
Net Margin
CIVB
CIVB
IIPR
IIPR
Q4 25
47.8%
Q3 25
28.9%
45.3%
Q2 25
26.6%
41.4%
Q1 25
25.0%
43.3%
Q4 24
52.2%
Q3 24
21.3%
52.6%
Q2 24
18.5%
52.6%
Q1 24
17.4%
52.3%
EPS (diluted)
CIVB
CIVB
IIPR
IIPR
Q4 25
$0.59
$1.07
Q3 25
$0.68
$0.97
Q2 25
$0.71
$0.86
Q1 25
$0.66
$1.03
Q4 24
$0.62
$1.35
Q3 24
$0.53
$1.37
Q2 24
$0.45
$1.44
Q1 24
$0.41
$1.36

Balance Sheet & Financial Strength

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

Metric
CIVB
CIVB
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$543.5M
$1.8B
Total Assets
$4.3B
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CIVB
CIVB
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
CIVB
CIVB
IIPR
IIPR
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CIVB
CIVB
IIPR
IIPR
Q4 25
$543.5M
$1.8B
Q3 25
$499.0M
$1.9B
Q2 25
$404.1M
$1.9B
Q1 25
$397.4M
$1.9B
Q4 24
$388.5M
$1.9B
Q3 24
$394.4M
$1.9B
Q2 24
$373.8M
$1.9B
Q1 24
$369.7M
$2.0B
Total Assets
CIVB
CIVB
IIPR
IIPR
Q4 25
$4.3B
$2.4B
Q3 25
$4.1B
$2.3B
Q2 25
$4.2B
$2.3B
Q1 25
$4.1B
$2.4B
Q4 24
$4.1B
$2.4B
Q3 24
$4.1B
$2.4B
Q2 24
$4.0B
$2.4B
Q1 24
$3.9B
$2.4B
Debt / Equity
CIVB
CIVB
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
CIVB
CIVB
IIPR
IIPR
Operating Cash FlowLast quarter
$43.3M
$198.2M
Free Cash FlowOCF − Capex
$42.1M
FCF MarginFCF / Revenue
90.9%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
6.22×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CIVB
CIVB
IIPR
IIPR
Q4 25
$43.3M
$198.2M
Q3 25
$19.0M
$45.6M
Q2 25
$11.1M
$48.4M
Q1 25
$3.6M
$54.2M
Q4 24
$48.2M
$258.4M
Q3 24
$12.9M
$64.9M
Q2 24
$12.2M
$64.2M
Q1 24
$752.0K
$71.6M
Free Cash Flow
CIVB
CIVB
IIPR
IIPR
Q4 25
$42.1M
Q3 25
Q2 25
Q1 25
$3.5M
Q4 24
$44.1M
Q3 24
Q2 24
Q1 24
$629.0K
FCF Margin
CIVB
CIVB
IIPR
IIPR
Q4 25
90.9%
Q3 25
Q2 25
Q1 25
8.5%
Q4 24
109.1%
Q3 24
Q2 24
Q1 24
1.7%
Capex Intensity
CIVB
CIVB
IIPR
IIPR
Q4 25
2.5%
Q3 25
Q2 25
Q1 25
0.4%
Q4 24
10.4%
Q3 24
Q2 24
Q1 24
0.3%
Cash Conversion
CIVB
CIVB
IIPR
IIPR
Q4 25
6.22×
Q3 25
1.49×
1.56×
Q2 25
1.01×
1.86×
Q1 25
0.36×
1.75×
Q4 24
6.46×
Q3 24
1.54×
1.61×
Q2 24
1.73×
1.53×
Q1 24
0.12×
1.82×

Financial Flow Comparison

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

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