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Side-by-side financial comparison of Eos Energy Enterprises, Inc. (EOSE) 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 $58.0M, roughly 1.1× Eos Energy Enterprises, Inc.). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs -207.7%, a 255.5% gap on every dollar of revenue. On growth, Eos Energy Enterprises, Inc. posted the faster year-over-year revenue change (699.6% vs -13.1%).

Eos Energy Enterprises, Inc. is an energy storage solutions provider that designs, produces and deploys safe long-duration zinc-based battery systems. It serves utility, commercial, industrial and microgrid customers across North America, Europe and Asia, supporting grid stability and renewable energy integration.

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. ...

EOSE vs IIPR — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.1× larger
IIPR
$66.7M
$58.0M
EOSE
Growing faster (revenue YoY)
EOSE
EOSE
+712.8% gap
EOSE
699.6%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
255.5% more per $
IIPR
47.8%
-207.7%
EOSE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EOSE
EOSE
IIPR
IIPR
Revenue
$58.0M
$66.7M
Net Profit
$-120.5M
$31.8M
Gross Margin
-93.8%
Operating Margin
-140.1%
47.8%
Net Margin
-207.7%
47.8%
Revenue YoY
699.6%
-13.1%
Net Profit YoY
55.1%
-20.4%
EPS (diluted)
$-0.53
$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
EOSE
EOSE
IIPR
IIPR
Q4 25
$58.0M
$66.7M
Q3 25
$30.5M
$64.7M
Q2 25
$15.2M
$62.9M
Q1 25
$10.5M
$71.7M
Q4 24
$7.3M
$76.7M
Q3 24
$76.5M
Q2 24
$79.8M
Q1 24
$75.5M
Net Profit
EOSE
EOSE
IIPR
IIPR
Q4 25
$-120.5M
$31.8M
Q3 25
$-641.4M
$29.3M
Q2 25
$-222.9M
$26.0M
Q1 25
$15.1M
$31.1M
Q4 24
$-268.1M
$40.0M
Q3 24
$40.2M
Q2 24
$42.0M
Q1 24
$39.4M
Gross Margin
EOSE
EOSE
IIPR
IIPR
Q4 25
-93.8%
Q3 25
-111.2%
Q2 25
-203.2%
Q1 25
-234.7%
Q4 24
-324.0%
Q3 24
Q2 24
Q1 24
Operating Margin
EOSE
EOSE
IIPR
IIPR
Q4 25
-140.1%
47.8%
Q3 25
-200.6%
45.5%
Q2 25
-419.1%
45.9%
Q1 25
-506.2%
47.4%
Q4 24
-712.8%
54.7%
Q3 24
54.8%
Q2 24
53.1%
Q1 24
55.7%
Net Margin
EOSE
EOSE
IIPR
IIPR
Q4 25
-207.7%
47.8%
Q3 25
-2102.1%
45.3%
Q2 25
-1463.2%
41.4%
Q1 25
144.7%
43.3%
Q4 24
-3696.7%
52.2%
Q3 24
52.6%
Q2 24
52.6%
Q1 24
52.3%
EPS (diluted)
EOSE
EOSE
IIPR
IIPR
Q4 25
$-0.53
$1.07
Q3 25
$-4.91
$0.97
Q2 25
$-1.05
$0.86
Q1 25
$-0.20
$1.03
Q4 24
$-2.30
$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
EOSE
EOSE
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$568.0M
$47.6M
Total DebtLower is stronger
$813.3M
$393.7M
Stockholders' EquityBook value
$-2.2B
$1.8B
Total Assets
$885.2M
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EOSE
EOSE
IIPR
IIPR
Q4 25
$568.0M
$47.6M
Q3 25
$58.7M
$41.9M
Q2 25
$120.2M
$104.9M
Q1 25
$82.6M
$133.3M
Q4 24
$74.3M
$151.2M
Q3 24
$172.4M
Q2 24
$160.9M
Q1 24
$173.5M
Total Debt
EOSE
EOSE
IIPR
IIPR
Q4 25
$813.3M
$393.7M
Q3 25
$448.5M
Q2 25
$445.3M
Q1 25
$325.5M
Q4 24
$316.9M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EOSE
EOSE
IIPR
IIPR
Q4 25
$-2.2B
$1.8B
Q3 25
$-2.3B
$1.9B
Q2 25
$-1.1B
$1.9B
Q1 25
$-942.2M
$1.9B
Q4 24
$-1.1B
$1.9B
Q3 24
$1.9B
Q2 24
$1.9B
Q1 24
$2.0B
Total Assets
EOSE
EOSE
IIPR
IIPR
Q4 25
$885.2M
$2.4B
Q3 25
$328.2M
$2.3B
Q2 25
$361.0M
$2.3B
Q1 25
$263.3M
$2.4B
Q4 24
$260.3M
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Q1 24
$2.4B
Debt / Equity
EOSE
EOSE
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
EOSE
EOSE
IIPR
IIPR
Operating Cash FlowLast quarter
$-50.3M
$198.2M
Free Cash FlowOCF − Capex
$-75.2M
FCF MarginFCF / Revenue
-129.7%
Capex IntensityCapex / Revenue
43.1%
Cash ConversionOCF / Net Profit
6.22×
TTM Free Cash FlowTrailing 4 quarters
$-265.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EOSE
EOSE
IIPR
IIPR
Q4 25
$-50.3M
$198.2M
Q3 25
$-65.9M
$45.6M
Q2 25
$-66.1M
$48.4M
Q1 25
$-28.9M
$54.2M
Q4 24
$-42.7M
$258.4M
Q3 24
$64.9M
Q2 24
$64.2M
Q1 24
$71.6M
Free Cash Flow
EOSE
EOSE
IIPR
IIPR
Q4 25
$-75.2M
Q3 25
$-82.7M
Q2 25
$-73.2M
Q1 25
$-33.8M
Q4 24
$-55.8M
Q3 24
Q2 24
Q1 24
FCF Margin
EOSE
EOSE
IIPR
IIPR
Q4 25
-129.7%
Q3 25
-271.1%
Q2 25
-480.2%
Q1 25
-323.6%
Q4 24
-769.1%
Q3 24
Q2 24
Q1 24
Capex Intensity
EOSE
EOSE
IIPR
IIPR
Q4 25
43.1%
Q3 25
55.2%
Q2 25
46.2%
Q1 25
47.0%
Q4 24
180.6%
Q3 24
Q2 24
Q1 24
Cash Conversion
EOSE
EOSE
IIPR
IIPR
Q4 25
6.22×
Q3 25
1.56×
Q2 25
1.86×
Q1 25
-1.91×
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.

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