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

VAALCO ENERGY INC is the larger business by last-quarter revenue ($91.0M vs $66.7M, roughly 1.4× INNOVATIVE INDUSTRIAL PROPERTIES INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs -64.4%, a 112.1% gap on every dollar of revenue. On growth, INNOVATIVE INDUSTRIAL PROPERTIES INC posted the faster year-over-year revenue change (-13.1% vs -25.2%). Over the past eight quarters, VAALCO ENERGY INC's revenue compounded faster (-4.7% CAGR vs -6.0%).

VAALCO Energy is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston, Texas with operations primarily in the Etame Marin block offshore Gabon.

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. ...

EGY vs IIPR — Head-to-Head

Bigger by revenue
EGY
EGY
1.4× larger
EGY
$91.0M
$66.7M
IIPR
Growing faster (revenue YoY)
IIPR
IIPR
+12.1% gap
IIPR
-13.1%
-25.2%
EGY
Higher net margin
IIPR
IIPR
112.1% more per $
IIPR
47.8%
-64.4%
EGY
Faster 2-yr revenue CAGR
EGY
EGY
Annualised
EGY
-4.7%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EGY
EGY
IIPR
IIPR
Revenue
$91.0M
$66.7M
Net Profit
$-58.6M
$31.8M
Gross Margin
Operating Margin
-71.3%
47.8%
Net Margin
-64.4%
47.8%
Revenue YoY
-25.2%
-13.1%
Net Profit YoY
-602.5%
-20.4%
EPS (diluted)
$-0.56
$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
EGY
EGY
IIPR
IIPR
Q4 25
$91.0M
$66.7M
Q3 25
$61.0M
$64.7M
Q2 25
$96.9M
$62.9M
Q1 25
$110.3M
$71.7M
Q4 24
$121.7M
$76.7M
Q3 24
$140.3M
$76.5M
Q2 24
$116.8M
$79.8M
Q1 24
$100.2M
$75.5M
Net Profit
EGY
EGY
IIPR
IIPR
Q4 25
$-58.6M
$31.8M
Q3 25
$1.1M
$29.3M
Q2 25
$8.4M
$26.0M
Q1 25
$7.7M
$31.1M
Q4 24
$11.7M
$40.0M
Q3 24
$11.0M
$40.2M
Q2 24
$28.2M
$42.0M
Q1 24
$7.7M
$39.4M
Operating Margin
EGY
EGY
IIPR
IIPR
Q4 25
-71.3%
47.8%
Q3 25
1.5%
45.5%
Q2 25
17.7%
45.9%
Q1 25
23.7%
47.4%
Q4 24
32.7%
54.7%
Q3 24
31.4%
54.8%
Q2 24
17.5%
53.1%
Q1 24
32.1%
55.7%
Net Margin
EGY
EGY
IIPR
IIPR
Q4 25
-64.4%
47.8%
Q3 25
1.8%
45.3%
Q2 25
8.6%
41.4%
Q1 25
7.0%
43.3%
Q4 24
9.6%
52.2%
Q3 24
7.8%
52.6%
Q2 24
24.1%
52.6%
Q1 24
7.7%
52.3%
EPS (diluted)
EGY
EGY
IIPR
IIPR
Q4 25
$-0.56
$1.07
Q3 25
$0.01
$0.97
Q2 25
$0.08
$0.86
Q1 25
$0.07
$1.03
Q4 24
$0.12
$1.35
Q3 24
$0.10
$1.37
Q2 24
$0.27
$1.44
Q1 24
$0.07
$1.36

Balance Sheet & Financial Strength

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

Metric
EGY
EGY
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$58.9M
$47.6M
Total DebtLower is stronger
$60.0M
$393.7M
Stockholders' EquityBook value
$443.5M
$1.8B
Total Assets
$913.4M
$2.4B
Debt / EquityLower = less leverage
0.14×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EGY
EGY
IIPR
IIPR
Q4 25
$58.9M
$47.6M
Q3 25
$24.0M
$41.9M
Q2 25
$67.9M
$104.9M
Q1 25
$40.9M
$133.3M
Q4 24
$82.7M
$151.2M
Q3 24
$89.1M
$172.4M
Q2 24
$62.9M
$160.9M
Q1 24
$113.3M
$173.5M
Total Debt
EGY
EGY
IIPR
IIPR
Q4 25
$60.0M
$393.7M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$0
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
EGY
EGY
IIPR
IIPR
Q4 25
$443.5M
$1.8B
Q3 25
$505.9M
$1.9B
Q2 25
$511.6M
$1.9B
Q1 25
$504.1M
$1.9B
Q4 24
$501.6M
$1.9B
Q3 24
$501.0M
$1.9B
Q2 24
$493.6M
$1.9B
Q1 24
$472.6M
$2.0B
Total Assets
EGY
EGY
IIPR
IIPR
Q4 25
$913.4M
$2.4B
Q3 25
$950.4M
$2.3B
Q2 25
$964.9M
$2.3B
Q1 25
$927.1M
$2.4B
Q4 24
$955.0M
$2.4B
Q3 24
$937.9M
$2.4B
Q2 24
$917.4M
$2.4B
Q1 24
$809.1M
$2.4B
Debt / Equity
EGY
EGY
IIPR
IIPR
Q4 25
0.14×
0.21×
Q3 25
0.12×
Q2 25
0.12×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

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

Metric
EGY
EGY
IIPR
IIPR
Operating Cash FlowLast quarter
$145.2M
$198.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
6.22×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EGY
EGY
IIPR
IIPR
Q4 25
$145.2M
$198.2M
Q3 25
$16.4M
$45.6M
Q2 25
$18.3M
$48.4M
Q1 25
$32.7M
$54.2M
Q4 24
$44.5M
$258.4M
Q3 24
$47.8M
$64.9M
Q2 24
$-438.0K
$64.2M
Q1 24
$21.8M
$71.6M
Free Cash Flow
EGY
EGY
IIPR
IIPR
Q4 25
Q3 25
Q2 25
Q1 25
$29.7M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
EGY
EGY
IIPR
IIPR
Q4 25
Q3 25
Q2 25
Q1 25
26.9%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
EGY
EGY
IIPR
IIPR
Q4 25
Q3 25
Q2 25
Q1 25
2.7%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
EGY
EGY
IIPR
IIPR
Q4 25
6.22×
Q3 25
14.94×
1.56×
Q2 25
2.19×
1.86×
Q1 25
4.23×
1.75×
Q4 24
3.82×
6.46×
Q3 24
4.35×
1.61×
Q2 24
-0.02×
1.53×
Q1 24
2.84×
1.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EGY
EGY

Crude Oil Sales And Purchase Agreements$54.8M60%
Other$31.9M35%
Crude Oil$3.0M3%
Natural Gas Liquids Reserves$1.4M2%

IIPR
IIPR

Segment breakdown not available.

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