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Side-by-side financial comparison of Cytek Biosciences, Inc. (CTKB) 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 $62.1M, roughly 1.1× Cytek Biosciences, Inc.). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs -70.9%, a 118.7% gap on every dollar of revenue. On growth, Cytek Biosciences, Inc. posted the faster year-over-year revenue change (8.1% vs -13.1%). Over the past eight quarters, Cytek Biosciences, Inc.'s revenue compounded faster (17.7% CAGR vs -6.0%).

Cytek Biosciences, Inc. develops, manufactures and sells high-performance flow cytometry systems, associated reagents and analysis software. Its solutions serve life science research, clinical diagnostics and biopharmaceutical sectors, with a global customer base across North America, Europe and the Asia-Pacific region.

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. ...

CTKB vs IIPR — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.1× larger
IIPR
$66.7M
$62.1M
CTKB
Growing faster (revenue YoY)
CTKB
CTKB
+21.3% gap
CTKB
8.1%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
118.7% more per $
IIPR
47.8%
-70.9%
CTKB
Faster 2-yr revenue CAGR
CTKB
CTKB
Annualised
CTKB
17.7%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CTKB
CTKB
IIPR
IIPR
Revenue
$62.1M
$66.7M
Net Profit
$-44.1M
$31.8M
Gross Margin
52.9%
Operating Margin
-9.0%
47.8%
Net Margin
-70.9%
47.8%
Revenue YoY
8.1%
-13.1%
Net Profit YoY
-557.1%
-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
CTKB
CTKB
IIPR
IIPR
Q4 25
$62.1M
$66.7M
Q3 25
$52.3M
$64.7M
Q2 25
$45.6M
$62.9M
Q1 25
$41.5M
$71.7M
Q4 24
$57.5M
$76.7M
Q3 24
$51.5M
$76.5M
Q2 24
$46.6M
$79.8M
Q1 24
$44.9M
$75.5M
Net Profit
CTKB
CTKB
IIPR
IIPR
Q4 25
$-44.1M
$31.8M
Q3 25
$-5.5M
$29.3M
Q2 25
$-5.6M
$26.0M
Q1 25
$-11.4M
$31.1M
Q4 24
$9.6M
$40.0M
Q3 24
$941.0K
$40.2M
Q2 24
$-10.4M
$42.0M
Q1 24
$-6.2M
$39.4M
Gross Margin
CTKB
CTKB
IIPR
IIPR
Q4 25
52.9%
Q3 25
52.7%
Q2 25
52.3%
Q1 25
48.6%
Q4 24
58.5%
Q3 24
56.3%
Q2 24
54.6%
Q1 24
51.3%
Operating Margin
CTKB
CTKB
IIPR
IIPR
Q4 25
-9.0%
47.8%
Q3 25
-17.6%
45.5%
Q2 25
-23.3%
45.9%
Q1 25
-36.1%
47.4%
Q4 24
5.2%
54.7%
Q3 24
-8.2%
54.8%
Q2 24
-18.3%
53.1%
Q1 24
-23.9%
55.7%
Net Margin
CTKB
CTKB
IIPR
IIPR
Q4 25
-70.9%
47.8%
Q3 25
-10.5%
45.3%
Q2 25
-12.2%
41.4%
Q1 25
-27.5%
43.3%
Q4 24
16.8%
52.2%
Q3 24
1.8%
52.6%
Q2 24
-22.4%
52.6%
Q1 24
-13.8%
52.3%
EPS (diluted)
CTKB
CTKB
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
CTKB
CTKB
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$90.9M
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$341.7M
$1.8B
Total Assets
$461.5M
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTKB
CTKB
IIPR
IIPR
Q4 25
$90.9M
$47.6M
Q3 25
$93.3M
$41.9M
Q2 25
$75.5M
$104.9M
Q1 25
$95.3M
$133.3M
Q4 24
$98.7M
$151.2M
Q3 24
$162.3M
$172.4M
Q2 24
$177.9M
$160.9M
Q1 24
$168.8M
$173.5M
Total Debt
CTKB
CTKB
IIPR
IIPR
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CTKB
CTKB
IIPR
IIPR
Q4 25
$341.7M
$1.8B
Q3 25
$378.6M
$1.9B
Q2 25
$377.6M
$1.9B
Q1 25
$379.6M
$1.9B
Q4 24
$395.7M
$1.9B
Q3 24
$385.5M
$1.9B
Q2 24
$389.1M
$1.9B
Q1 24
$392.6M
$2.0B
Total Assets
CTKB
CTKB
IIPR
IIPR
Q4 25
$461.5M
$2.4B
Q3 25
$494.9M
$2.3B
Q2 25
$493.3M
$2.3B
Q1 25
$482.6M
$2.4B
Q4 24
$499.5M
$2.4B
Q3 24
$491.2M
$2.4B
Q2 24
$483.7M
$2.4B
Q1 24
$492.1M
$2.4B
Debt / Equity
CTKB
CTKB
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
CTKB
CTKB
IIPR
IIPR
Operating Cash FlowLast quarter
$-771.0K
$198.2M
Free Cash FlowOCF − Capex
$-1.8M
FCF MarginFCF / Revenue
-2.9%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
6.22×
TTM Free Cash FlowTrailing 4 quarters
$-8.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTKB
CTKB
IIPR
IIPR
Q4 25
$-771.0K
$198.2M
Q3 25
$-3.9M
$45.6M
Q2 25
$108.0K
$48.4M
Q1 25
$-125.0K
$54.2M
Q4 24
$2.0M
$258.4M
Q3 24
$13.2M
$64.9M
Q2 24
$6.2M
$64.2M
Q1 24
$4.0M
$71.6M
Free Cash Flow
CTKB
CTKB
IIPR
IIPR
Q4 25
$-1.8M
Q3 25
$-4.6M
Q2 25
$-1.5M
Q1 25
$-974.0K
Q4 24
$1.1M
Q3 24
$12.2M
Q2 24
$5.2M
Q1 24
$3.4M
FCF Margin
CTKB
CTKB
IIPR
IIPR
Q4 25
-2.9%
Q3 25
-8.7%
Q2 25
-3.2%
Q1 25
-2.3%
Q4 24
1.9%
Q3 24
23.7%
Q2 24
11.0%
Q1 24
7.6%
Capex Intensity
CTKB
CTKB
IIPR
IIPR
Q4 25
1.6%
Q3 25
1.3%
Q2 25
3.5%
Q1 25
2.0%
Q4 24
1.6%
Q3 24
2.0%
Q2 24
2.3%
Q1 24
1.3%
Cash Conversion
CTKB
CTKB
IIPR
IIPR
Q4 25
6.22×
Q3 25
1.56×
Q2 25
1.86×
Q1 25
1.75×
Q4 24
0.21×
6.46×
Q3 24
14.05×
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

CTKB
CTKB

Products$46.6M75%
Services$15.5M25%

IIPR
IIPR

Segment breakdown not available.

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