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Side-by-side financial comparison of Cambium Networks Corp (CMBM) 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 $40.3M, roughly 1.7× Cambium Networks Corp). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs -17.9%, a 65.7% gap on every dollar of revenue. On growth, INNOVATIVE INDUSTRIAL PROPERTIES INC posted the faster year-over-year revenue change (-13.1% vs -23.2%). Over the past eight quarters, INNOVATIVE INDUSTRIAL PROPERTIES INC's revenue compounded faster (-6.0% CAGR vs -27.2%).

Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.

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. ...

CMBM vs IIPR — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.7× larger
IIPR
$66.7M
$40.3M
CMBM
Growing faster (revenue YoY)
IIPR
IIPR
+10.0% gap
IIPR
-13.1%
-23.2%
CMBM
Higher net margin
IIPR
IIPR
65.7% more per $
IIPR
47.8%
-17.9%
CMBM
Faster 2-yr revenue CAGR
IIPR
IIPR
Annualised
IIPR
-6.0%
-27.2%
CMBM

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
CMBM
CMBM
IIPR
IIPR
Revenue
$40.3M
$66.7M
Net Profit
$-7.2M
$31.8M
Gross Margin
36.6%
Operating Margin
-28.4%
47.8%
Net Margin
-17.9%
47.8%
Revenue YoY
-23.2%
-13.1%
Net Profit YoY
71.0%
-20.4%
EPS (diluted)
$-0.26
$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
CMBM
CMBM
IIPR
IIPR
Q4 25
$66.7M
Q3 25
$64.7M
Q2 25
$62.9M
Q1 25
$71.7M
Q4 24
$40.3M
$76.7M
Q3 24
$44.7M
$76.5M
Q2 24
$45.2M
$79.8M
Q1 24
$47.1M
$75.5M
Net Profit
CMBM
CMBM
IIPR
IIPR
Q4 25
$31.8M
Q3 25
$29.3M
Q2 25
$26.0M
Q1 25
$31.1M
Q4 24
$-7.2M
$40.0M
Q3 24
$-34.5M
$40.2M
Q2 24
$-14.2M
$42.0M
Q1 24
$-18.4M
$39.4M
Gross Margin
CMBM
CMBM
IIPR
IIPR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
36.6%
Q3 24
43.6%
Q2 24
32.5%
Q1 24
29.8%
Operating Margin
CMBM
CMBM
IIPR
IIPR
Q4 25
47.8%
Q3 25
45.5%
Q2 25
45.9%
Q1 25
47.4%
Q4 24
-28.4%
54.7%
Q3 24
-69.6%
54.8%
Q2 24
-27.2%
53.1%
Q1 24
-33.1%
55.7%
Net Margin
CMBM
CMBM
IIPR
IIPR
Q4 25
47.8%
Q3 25
45.3%
Q2 25
41.4%
Q1 25
43.3%
Q4 24
-17.9%
52.2%
Q3 24
-77.3%
52.6%
Q2 24
-31.5%
52.6%
Q1 24
-39.2%
52.3%
EPS (diluted)
CMBM
CMBM
IIPR
IIPR
Q4 25
$1.07
Q3 25
$0.97
Q2 25
$0.86
Q1 25
$1.03
Q4 24
$-0.26
$1.35
Q3 24
$-1.22
$1.37
Q2 24
$-0.51
$1.44
Q1 24
$-0.66
$1.36

Balance Sheet & Financial Strength

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

Metric
CMBM
CMBM
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$47.6M
Total DebtLower is stronger
$67.6M
$393.7M
Stockholders' EquityBook value
$-3.2M
$1.8B
Total Assets
$173.7M
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBM
CMBM
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
CMBM
CMBM
IIPR
IIPR
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
$67.6M
Q3 24
$67.6M
Q2 24
$68.9M
Q1 24
$63.8M
Stockholders' Equity
CMBM
CMBM
IIPR
IIPR
Q4 25
$1.8B
Q3 25
$1.9B
Q2 25
$1.9B
Q1 25
$1.9B
Q4 24
$-3.2M
$1.9B
Q3 24
$1.9M
$1.9B
Q2 24
$34.1M
$1.9B
Q1 24
$45.0M
$2.0B
Total Assets
CMBM
CMBM
IIPR
IIPR
Q4 25
$2.4B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.4B
Q4 24
$173.7M
$2.4B
Q3 24
$194.3M
$2.4B
Q2 24
$221.1M
$2.4B
Q1 24
$219.8M
$2.4B
Debt / Equity
CMBM
CMBM
IIPR
IIPR
Q4 25
0.21×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
36.12×
Q2 24
2.02×
Q1 24
1.42×

Cash Flow & Capital Efficiency

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

Metric
CMBM
CMBM
IIPR
IIPR
Operating Cash FlowLast quarter
$-10.4M
$198.2M
Free Cash FlowOCF − Capex
$-10.8M
FCF MarginFCF / Revenue
-26.8%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
6.22×
TTM Free Cash FlowTrailing 4 quarters
$-21.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBM
CMBM
IIPR
IIPR
Q4 25
$198.2M
Q3 25
$45.6M
Q2 25
$48.4M
Q1 25
$54.2M
Q4 24
$-10.4M
$258.4M
Q3 24
$8.9M
$64.9M
Q2 24
$2.4M
$64.2M
Q1 24
$-15.9M
$71.6M
Free Cash Flow
CMBM
CMBM
IIPR
IIPR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-10.8M
Q3 24
$6.8M
Q2 24
$87.0K
Q1 24
$-17.4M
FCF Margin
CMBM
CMBM
IIPR
IIPR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-26.8%
Q3 24
15.2%
Q2 24
0.2%
Q1 24
-37.0%
Capex Intensity
CMBM
CMBM
IIPR
IIPR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.1%
Q3 24
4.8%
Q2 24
5.1%
Q1 24
3.3%
Cash Conversion
CMBM
CMBM
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.

Revenue Breakdown by Segment

CMBM
CMBM

Enterprise$16.6M41%
Point To Multi Point$16.4M41%
Other$5.8M14%

IIPR
IIPR

Segment breakdown not available.

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