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Side-by-side financial comparison of CRISPR Therapeutics AG (CRSP) 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 $35.7M, roughly 1.9× CRISPR Therapeutics AG). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs -104.5%, a 152.3% gap on every dollar of revenue. On growth, INNOVATIVE INDUSTRIAL PROPERTIES INC posted the faster year-over-year revenue change (-13.1% vs -82.3%).

CRISPR Therapeutics AG is a Swiss–American biotechnology company headquartered in Zug, Switzerland. The company does business as CRISPR Therapeutics, Inc. in the United States. It was one of the first companies formed to utilize the CRISPR gene editing platform to develop medicines for the treatment of various rare and common diseases. The company has approximately 500 employees and has offices in Zug, Switzerland, Boston, Massachusetts, San Francisco, California and London, United Kingdom. I...

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. ...

CRSP vs IIPR — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.9× larger
IIPR
$66.7M
$35.7M
CRSP
Growing faster (revenue YoY)
IIPR
IIPR
+69.1% gap
IIPR
-13.1%
-82.3%
CRSP
Higher net margin
IIPR
IIPR
152.3% more per $
IIPR
47.8%
-104.5%
CRSP

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
CRSP
CRSP
IIPR
IIPR
Revenue
$35.7M
$66.7M
Net Profit
$-37.3M
$31.8M
Gross Margin
Operating Margin
-181.0%
47.8%
Net Margin
-104.5%
47.8%
Revenue YoY
-82.3%
-13.1%
Net Profit YoY
-141.8%
-20.4%
EPS (diluted)
$-0.41
$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
CRSP
CRSP
IIPR
IIPR
Q4 25
$66.7M
Q3 25
$64.7M
Q2 25
$62.9M
Q1 25
$71.7M
Q4 24
$35.7M
$76.7M
Q3 24
$76.5M
Q2 24
$79.8M
Q1 24
$75.5M
Net Profit
CRSP
CRSP
IIPR
IIPR
Q4 25
$31.8M
Q3 25
$29.3M
Q2 25
$26.0M
Q1 25
$31.1M
Q4 24
$-37.3M
$40.0M
Q3 24
$40.2M
Q2 24
$42.0M
Q1 24
$39.4M
Operating Margin
CRSP
CRSP
IIPR
IIPR
Q4 25
47.8%
Q3 25
45.5%
Q2 25
45.9%
Q1 25
47.4%
Q4 24
-181.0%
54.7%
Q3 24
54.8%
Q2 24
53.1%
Q1 24
55.7%
Net Margin
CRSP
CRSP
IIPR
IIPR
Q4 25
47.8%
Q3 25
45.3%
Q2 25
41.4%
Q1 25
43.3%
Q4 24
-104.5%
52.2%
Q3 24
52.6%
Q2 24
52.6%
Q1 24
52.3%
EPS (diluted)
CRSP
CRSP
IIPR
IIPR
Q4 25
$1.07
Q3 25
$0.97
Q2 25
$0.86
Q1 25
$1.03
Q4 24
$-0.41
$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
CRSP
CRSP
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$1.9B
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$1.9B
$1.8B
Total Assets
$2.2B
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRSP
CRSP
IIPR
IIPR
Q4 25
$47.6M
Q3 25
$41.9M
Q2 25
$104.9M
Q1 25
$133.3M
Q4 24
$1.9B
$151.2M
Q3 24
$172.4M
Q2 24
$160.9M
Q1 24
$173.5M
Total Debt
CRSP
CRSP
IIPR
IIPR
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CRSP
CRSP
IIPR
IIPR
Q4 25
$1.8B
Q3 25
$1.9B
Q2 25
$1.9B
Q1 25
$1.9B
Q4 24
$1.9B
$1.9B
Q3 24
$1.9B
Q2 24
$1.9B
Q1 24
$2.0B
Total Assets
CRSP
CRSP
IIPR
IIPR
Q4 25
$2.4B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.4B
Q4 24
$2.2B
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Q1 24
$2.4B
Debt / Equity
CRSP
CRSP
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
CRSP
CRSP
IIPR
IIPR
Operating Cash FlowLast quarter
$-50.0M
$198.2M
Free Cash FlowOCF − Capex
$-50.3M
FCF MarginFCF / Revenue
-140.9%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
6.22×
TTM Free Cash FlowTrailing 4 quarters
$-325.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRSP
CRSP
IIPR
IIPR
Q4 25
$198.2M
Q3 25
$45.6M
Q2 25
$48.4M
Q1 25
$54.2M
Q4 24
$-50.0M
$258.4M
Q3 24
$64.9M
Q2 24
$64.2M
Q1 24
$71.6M
Free Cash Flow
CRSP
CRSP
IIPR
IIPR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-50.3M
Q3 24
Q2 24
Q1 24
FCF Margin
CRSP
CRSP
IIPR
IIPR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-140.9%
Q3 24
Q2 24
Q1 24
Capex Intensity
CRSP
CRSP
IIPR
IIPR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.7%
Q3 24
Q2 24
Q1 24
Cash Conversion
CRSP
CRSP
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

CRSP
CRSP

Collaboration Revenue$35.0M98%
Grant$2.3M6%

IIPR
IIPR

Segment breakdown not available.

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