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Side-by-side financial comparison of CALAVO GROWERS INC (CVGW) and INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR). Click either name above to swap in a different company.

CALAVO GROWERS INC is the larger business by last-quarter revenue ($124.7M vs $66.7M, roughly 1.9× INNOVATIVE INDUSTRIAL PROPERTIES INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 3.1%, a 44.7% gap on every dollar of revenue. On growth, INNOVATIVE INDUSTRIAL PROPERTIES INC posted the faster year-over-year revenue change (-13.1% vs -26.6%). Over the past eight quarters, CALAVO GROWERS INC's revenue compounded faster (-1.2% CAGR vs -6.0%).

Calavo Growers, Inc. is an international consumer goods and farm products company. It packages, and distributes avocados and other fruits, as well as their fresh prepared food to restaurants, stores, and individual customers worldwide.

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. ...

CVGW vs IIPR — Head-to-Head

Bigger by revenue
CVGW
CVGW
1.9× larger
CVGW
$124.7M
$66.7M
IIPR
Growing faster (revenue YoY)
IIPR
IIPR
+13.5% gap
IIPR
-13.1%
-26.6%
CVGW
Higher net margin
IIPR
IIPR
44.7% more per $
IIPR
47.8%
3.1%
CVGW
Faster 2-yr revenue CAGR
CVGW
CVGW
Annualised
CVGW
-1.2%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CVGW
CVGW
IIPR
IIPR
Revenue
$124.7M
$66.7M
Net Profit
$3.8M
$31.8M
Gross Margin
9.3%
Operating Margin
-1.4%
47.8%
Net Margin
3.1%
47.8%
Revenue YoY
-26.6%
-13.1%
Net Profit YoY
2846.0%
-20.4%
EPS (diluted)
$0.22
$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
CVGW
CVGW
IIPR
IIPR
Q4 25
$124.7M
$66.7M
Q3 25
$178.8M
$64.7M
Q2 25
$190.5M
$62.9M
Q1 25
$154.4M
$71.7M
Q4 24
$170.0M
$76.7M
Q3 24
$179.6M
$76.5M
Q2 24
$184.4M
$79.8M
Q1 24
$127.6M
$75.5M
Net Profit
CVGW
CVGW
IIPR
IIPR
Q4 25
$3.8M
$31.8M
Q3 25
$4.7M
$29.3M
Q2 25
$6.8M
$26.0M
Q1 25
$4.4M
$31.1M
Q4 24
$-139.0K
$40.0M
Q3 24
$-732.0K
$40.2M
Q2 24
$6.1M
$42.0M
Q1 24
$-6.3M
$39.4M
Gross Margin
CVGW
CVGW
IIPR
IIPR
Q4 25
9.3%
Q3 25
10.2%
Q2 25
9.5%
Q1 25
10.2%
Q4 24
9.7%
Q3 24
11.2%
Q2 24
11.1%
Q1 24
8.4%
Operating Margin
CVGW
CVGW
IIPR
IIPR
Q4 25
-1.4%
47.8%
Q3 25
4.8%
45.5%
Q2 25
4.0%
45.9%
Q1 25
3.3%
47.4%
Q4 24
1.8%
54.7%
Q3 24
5.2%
54.8%
Q2 24
4.0%
53.1%
Q1 24
-2.4%
55.7%
Net Margin
CVGW
CVGW
IIPR
IIPR
Q4 25
3.1%
47.8%
Q3 25
2.6%
45.3%
Q2 25
3.6%
41.4%
Q1 25
2.9%
43.3%
Q4 24
-0.1%
52.2%
Q3 24
-0.4%
52.6%
Q2 24
3.3%
52.6%
Q1 24
-4.9%
52.3%
EPS (diluted)
CVGW
CVGW
IIPR
IIPR
Q4 25
$0.22
$1.07
Q3 25
$0.26
$0.97
Q2 25
$0.38
$0.86
Q1 25
$0.25
$1.03
Q4 24
$-0.01
$1.35
Q3 24
$-0.04
$1.37
Q2 24
$0.34
$1.44
Q1 24
$-0.35
$1.36

Balance Sheet & Financial Strength

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

Metric
CVGW
CVGW
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$61.2M
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$206.9M
$1.8B
Total Assets
$292.2M
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVGW
CVGW
IIPR
IIPR
Q4 25
$61.2M
$47.6M
Q3 25
$63.8M
$41.9M
Q2 25
$60.4M
$104.9M
Q1 25
$48.5M
$133.3M
Q4 24
$57.0M
$151.2M
Q3 24
$1.1M
$172.4M
Q2 24
$4.3M
$160.9M
Q1 24
$5.7M
$173.5M
Total Debt
CVGW
CVGW
IIPR
IIPR
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CVGW
CVGW
IIPR
IIPR
Q4 25
$206.9M
$1.8B
Q3 25
$206.4M
$1.9B
Q2 25
$206.6M
$1.9B
Q1 25
$202.9M
$1.9B
Q4 24
$200.3M
$1.9B
Q3 24
$205.2M
$1.9B
Q2 24
$207.3M
$1.9B
Q1 24
$202.5M
$2.0B
Total Assets
CVGW
CVGW
IIPR
IIPR
Q4 25
$292.2M
$2.4B
Q3 25
$301.2M
$2.3B
Q2 25
$321.5M
$2.3B
Q1 25
$298.9M
$2.4B
Q4 24
$301.1M
$2.4B
Q3 24
$382.4M
$2.4B
Q2 24
$411.4M
$2.4B
Q1 24
$394.7M
$2.4B
Debt / Equity
CVGW
CVGW
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
CVGW
CVGW
IIPR
IIPR
Operating Cash FlowLast quarter
$2.3M
$198.2M
Free Cash FlowOCF − Capex
$1.2M
FCF MarginFCF / Revenue
1.0%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
0.60×
6.22×
TTM Free Cash FlowTrailing 4 quarters
$19.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVGW
CVGW
IIPR
IIPR
Q4 25
$2.3M
$198.2M
Q3 25
$8.0M
$45.6M
Q2 25
$15.7M
$48.4M
Q1 25
$-4.4M
$54.2M
Q4 24
$10.8M
$258.4M
Q3 24
$11.4M
$64.9M
Q2 24
$2.1M
$64.2M
Q1 24
$58.0K
$71.6M
Free Cash Flow
CVGW
CVGW
IIPR
IIPR
Q4 25
$1.2M
Q3 25
$7.3M
Q2 25
$15.6M
Q1 25
$-4.7M
Q4 24
$10.5M
Q3 24
$11.3M
Q2 24
$745.0K
Q1 24
$-972.0K
FCF Margin
CVGW
CVGW
IIPR
IIPR
Q4 25
1.0%
Q3 25
4.1%
Q2 25
8.2%
Q1 25
-3.1%
Q4 24
6.2%
Q3 24
6.3%
Q2 24
0.4%
Q1 24
-0.8%
Capex Intensity
CVGW
CVGW
IIPR
IIPR
Q4 25
0.9%
Q3 25
0.4%
Q2 25
0.1%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
0.7%
Q1 24
0.8%
Cash Conversion
CVGW
CVGW
IIPR
IIPR
Q4 25
0.60×
6.22×
Q3 25
1.69×
1.56×
Q2 25
2.29×
1.86×
Q1 25
-1.00×
1.75×
Q4 24
6.46×
Q3 24
1.61×
Q2 24
0.35×
1.53×
Q1 24
1.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVGW
CVGW

Fresh Products$104.7M84%
Segment Prepared$14.5M12%
Tomatoes$4.6M4%

IIPR
IIPR

Segment breakdown not available.

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