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Side-by-side financial comparison of CULP INC (CULP) 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 $53.2M, roughly 1.3× CULP INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs -8.1%, a 55.9% gap on every dollar of revenue. On growth, CULP INC posted the faster year-over-year revenue change (-4.4% vs -13.1%). Over the past eight quarters, INNOVATIVE INDUSTRIAL PROPERTIES INC's revenue compounded faster (-6.0% CAGR vs -6.2%).

Culp Inc is a leading global textile manufacturer specializing in upholstery fabrics for residential and commercial furniture, as well as mattress fabrics for bedding producers. It runs production and distribution facilities across North America, Asia, and Europe, serving clients across the global home furnishing and bedding sectors.

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. ...

CULP vs IIPR — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.3× larger
IIPR
$66.7M
$53.2M
CULP
Growing faster (revenue YoY)
CULP
CULP
+8.7% gap
CULP
-4.4%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
55.9% more per $
IIPR
47.8%
-8.1%
CULP
Faster 2-yr revenue CAGR
IIPR
IIPR
Annualised
IIPR
-6.0%
-6.2%
CULP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CULP
CULP
IIPR
IIPR
Revenue
$53.2M
$66.7M
Net Profit
$-4.3M
$31.8M
Gross Margin
10.9%
Operating Margin
-6.5%
47.8%
Net Margin
-8.1%
47.8%
Revenue YoY
-4.4%
-13.1%
Net Profit YoY
23.7%
-20.4%
EPS (diluted)
$-0.34
$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
CULP
CULP
IIPR
IIPR
Q4 25
$53.2M
$66.7M
Q3 25
$50.7M
$64.7M
Q2 25
$48.8M
$62.9M
Q1 25
$52.3M
$71.7M
Q4 24
$55.7M
$76.7M
Q3 24
$56.5M
$76.5M
Q2 24
$49.5M
$79.8M
Q1 24
$60.4M
$75.5M
Net Profit
CULP
CULP
IIPR
IIPR
Q4 25
$-4.3M
$31.8M
Q3 25
$-231.0K
$29.3M
Q2 25
$-2.1M
$26.0M
Q1 25
$-4.1M
$31.1M
Q4 24
$-5.6M
$40.0M
Q3 24
$-7.3M
$40.2M
Q2 24
$-4.9M
$42.0M
Q1 24
$-3.2M
$39.4M
Gross Margin
CULP
CULP
IIPR
IIPR
Q4 25
10.9%
Q3 25
14.3%
Q2 25
15.7%
Q1 25
12.1%
Q4 24
10.8%
Q3 24
9.0%
Q2 24
10.5%
Q1 24
12.7%
Operating Margin
CULP
CULP
IIPR
IIPR
Q4 25
-6.5%
47.8%
Q3 25
3.2%
45.5%
Q2 25
-4.6%
45.9%
Q1 25
-7.4%
47.4%
Q4 24
-9.7%
54.7%
Q3 24
-12.1%
54.8%
Q2 24
-8.6%
53.1%
Q1 24
-2.9%
55.7%
Net Margin
CULP
CULP
IIPR
IIPR
Q4 25
-8.1%
47.8%
Q3 25
-0.5%
45.3%
Q2 25
-4.2%
41.4%
Q1 25
-7.9%
43.3%
Q4 24
-10.1%
52.2%
Q3 24
-12.8%
52.6%
Q2 24
-9.8%
52.6%
Q1 24
-5.3%
52.3%
EPS (diluted)
CULP
CULP
IIPR
IIPR
Q4 25
$-0.34
$1.07
Q3 25
$-0.02
$0.97
Q2 25
$-0.17
$0.86
Q1 25
$-0.33
$1.03
Q4 24
$-0.45
$1.35
Q3 24
$-0.58
$1.37
Q2 24
$-0.39
$1.44
Q1 24
$-0.26
$1.36

Balance Sheet & Financial Strength

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

Metric
CULP
CULP
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$10.7M
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$53.6M
$1.8B
Total Assets
$125.2M
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CULP
CULP
IIPR
IIPR
Q4 25
$10.7M
$47.6M
Q3 25
$11.1M
$41.9M
Q2 25
$5.6M
$104.9M
Q1 25
$5.3M
$133.3M
Q4 24
$10.5M
$151.2M
Q3 24
$13.5M
$172.4M
Q2 24
$10.0M
$160.9M
Q1 24
$12.6M
$173.5M
Total Debt
CULP
CULP
IIPR
IIPR
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CULP
CULP
IIPR
IIPR
Q4 25
$53.6M
$1.8B
Q3 25
$57.6M
$1.9B
Q2 25
$57.6M
$1.9B
Q1 25
$59.6M
$1.9B
Q4 24
$63.6M
$1.9B
Q3 24
$69.1M
$1.9B
Q2 24
$76.1M
$1.9B
Q1 24
$80.8M
$2.0B
Total Assets
CULP
CULP
IIPR
IIPR
Q4 25
$125.2M
$2.4B
Q3 25
$126.4M
$2.3B
Q2 25
$123.4M
$2.3B
Q1 25
$127.6M
$2.4B
Q4 24
$129.0M
$2.4B
Q3 24
$129.1M
$2.4B
Q2 24
$132.1M
$2.4B
Q1 24
$142.0M
$2.4B
Debt / Equity
CULP
CULP
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
CULP
CULP
IIPR
IIPR
Operating Cash FlowLast quarter
$-471.0K
$198.2M
Free Cash FlowOCF − Capex
$-510.0K
FCF MarginFCF / Revenue
-1.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
6.22×
TTM Free Cash FlowTrailing 4 quarters
$-17.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CULP
CULP
IIPR
IIPR
Q4 25
$-471.0K
$198.2M
Q3 25
$-695.0K
$45.6M
Q2 25
$-8.2M
$48.4M
Q1 25
$-6.8M
$54.2M
Q4 24
$-2.4M
$258.4M
Q3 24
$-206.0K
$64.9M
Q2 24
$-2.3M
$64.2M
Q1 24
$-1.5M
$71.6M
Free Cash Flow
CULP
CULP
IIPR
IIPR
Q4 25
$-510.0K
Q3 25
$-874.0K
Q2 25
$-8.7M
Q1 25
$-7.7M
Q4 24
$-3.5M
Q3 24
$-707.0K
Q2 24
$-2.7M
Q1 24
$-2.8M
FCF Margin
CULP
CULP
IIPR
IIPR
Q4 25
-1.0%
Q3 25
-1.7%
Q2 25
-17.9%
Q1 25
-14.6%
Q4 24
-6.3%
Q3 24
-1.3%
Q2 24
-5.5%
Q1 24
-4.6%
Capex Intensity
CULP
CULP
IIPR
IIPR
Q4 25
0.1%
Q3 25
0.4%
Q2 25
1.0%
Q1 25
1.6%
Q4 24
1.9%
Q3 24
0.9%
Q2 24
0.9%
Q1 24
2.1%
Cash Conversion
CULP
CULP
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

CULP
CULP

Bedding Fabrics$30.8M58%
Upholstery$22.4M42%

IIPR
IIPR

Segment breakdown not available.

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