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Side-by-side financial comparison of FIRST COMMUNITY BANKSHARES INC (FCBC) 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 $43.8M, roughly 1.5× FIRST COMMUNITY BANKSHARES INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 28.5%, a 19.3% gap on every dollar of revenue. On growth, FIRST COMMUNITY BANKSHARES INC posted the faster year-over-year revenue change (5.1% vs -13.1%). Over the past eight quarters, FIRST COMMUNITY BANKSHARES INC's revenue compounded faster (3.5% CAGR vs -6.0%).

First Community Bankshares, Inc. is a $2.43 billion bank holding company and the parent company of First Community Bank of Bluefield, Virginia, in the United States. As of 2012 First Community Bank had 45 locations in Virginia, West Virginia, and North Carolina, and two locations operating as Peoples Community Bank in Tennessee. As of April 21, 2023, First Community had $3.6 billion in assets.

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. ...

FCBC vs IIPR — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.5× larger
IIPR
$66.7M
$43.8M
FCBC
Growing faster (revenue YoY)
FCBC
FCBC
+18.2% gap
FCBC
5.1%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
19.3% more per $
IIPR
47.8%
28.5%
FCBC
Faster 2-yr revenue CAGR
FCBC
FCBC
Annualised
FCBC
3.5%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FCBC
FCBC
IIPR
IIPR
Revenue
$43.8M
$66.7M
Net Profit
$12.5M
$31.8M
Gross Margin
Operating Margin
36.8%
47.8%
Net Margin
28.5%
47.8%
Revenue YoY
5.1%
-13.1%
Net Profit YoY
-4.4%
-20.4%
EPS (diluted)
$0.67
$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
FCBC
FCBC
IIPR
IIPR
Q4 25
$43.8M
$66.7M
Q3 25
$42.2M
$64.7M
Q2 25
$41.0M
$62.9M
Q1 25
$40.5M
$71.7M
Q4 24
$41.7M
$76.7M
Q3 24
$42.0M
$76.5M
Q2 24
$41.3M
$79.8M
Q1 24
$40.9M
$75.5M
Net Profit
FCBC
FCBC
IIPR
IIPR
Q4 25
$12.5M
$31.8M
Q3 25
$12.3M
$29.3M
Q2 25
$12.2M
$26.0M
Q1 25
$11.8M
$31.1M
Q4 24
$13.0M
$40.0M
Q3 24
$13.0M
$40.2M
Q2 24
$12.7M
$42.0M
Q1 24
$12.8M
$39.4M
Operating Margin
FCBC
FCBC
IIPR
IIPR
Q4 25
36.8%
47.8%
Q3 25
37.7%
45.5%
Q2 25
38.6%
45.9%
Q1 25
37.7%
47.4%
Q4 24
39.6%
54.7%
Q3 24
39.3%
54.8%
Q2 24
39.3%
53.1%
Q1 24
40.3%
55.7%
Net Margin
FCBC
FCBC
IIPR
IIPR
Q4 25
28.5%
47.8%
Q3 25
29.1%
45.3%
Q2 25
29.9%
41.4%
Q1 25
29.2%
43.3%
Q4 24
31.3%
52.2%
Q3 24
31.0%
52.6%
Q2 24
30.8%
52.6%
Q1 24
31.4%
52.3%
EPS (diluted)
FCBC
FCBC
IIPR
IIPR
Q4 25
$0.67
$1.07
Q3 25
$0.67
$0.97
Q2 25
$0.67
$0.86
Q1 25
$0.64
$1.03
Q4 24
$0.67
$1.35
Q3 24
$0.71
$1.37
Q2 24
$0.71
$1.44
Q1 24
$0.71
$1.36

Balance Sheet & Financial Strength

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

Metric
FCBC
FCBC
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$500.5M
$1.8B
Total Assets
$3.3B
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCBC
FCBC
IIPR
IIPR
Q4 25
$47.6M
Q3 25
$41.9M
Q2 25
$104.9M
Q1 25
$133.3M
Q4 24
$151.2M
Q3 24
$172.4M
Q2 24
$160.9M
Q1 24
$173.5M
Total Debt
FCBC
FCBC
IIPR
IIPR
Q4 25
$393.7M
Q3 25
$0
Q2 25
$0
Q1 25
$0
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
FCBC
FCBC
IIPR
IIPR
Q4 25
$500.5M
$1.8B
Q3 25
$510.7M
$1.9B
Q2 25
$502.8M
$1.9B
Q1 25
$496.4M
$1.9B
Q4 24
$526.4M
$1.9B
Q3 24
$520.7M
$1.9B
Q2 24
$508.9M
$1.9B
Q1 24
$506.9M
$2.0B
Total Assets
FCBC
FCBC
IIPR
IIPR
Q4 25
$3.3B
$2.4B
Q3 25
$3.2B
$2.3B
Q2 25
$3.2B
$2.3B
Q1 25
$3.2B
$2.4B
Q4 24
$3.3B
$2.4B
Q3 24
$3.2B
$2.4B
Q2 24
$3.2B
$2.4B
Q1 24
$3.2B
$2.4B
Debt / Equity
FCBC
FCBC
IIPR
IIPR
Q4 25
0.21×
Q3 25
0.00×
Q2 25
0.00×
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
FCBC
FCBC
IIPR
IIPR
Operating Cash FlowLast quarter
$62.7M
$198.2M
Free Cash FlowOCF − Capex
$60.0M
FCF MarginFCF / Revenue
137.0%
Capex IntensityCapex / Revenue
6.3%
Cash ConversionOCF / Net Profit
5.03×
6.22×
TTM Free Cash FlowTrailing 4 quarters
$100.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCBC
FCBC
IIPR
IIPR
Q4 25
$62.7M
$198.2M
Q3 25
$18.9M
$45.6M
Q2 25
$10.2M
$48.4M
Q1 25
$13.2M
$54.2M
Q4 24
$57.7M
$258.4M
Q3 24
$11.4M
$64.9M
Q2 24
$14.5M
$64.2M
Q1 24
$16.9M
$71.6M
Free Cash Flow
FCBC
FCBC
IIPR
IIPR
Q4 25
$60.0M
Q3 25
$18.5M
Q2 25
$10.0M
Q1 25
$12.1M
Q4 24
$54.9M
Q3 24
$10.9M
Q2 24
$14.1M
Q1 24
$15.2M
FCF Margin
FCBC
FCBC
IIPR
IIPR
Q4 25
137.0%
Q3 25
43.9%
Q2 25
24.3%
Q1 25
29.8%
Q4 24
131.8%
Q3 24
26.0%
Q2 24
34.1%
Q1 24
37.1%
Capex Intensity
FCBC
FCBC
IIPR
IIPR
Q4 25
6.3%
Q3 25
1.0%
Q2 25
0.6%
Q1 25
2.8%
Q4 24
6.7%
Q3 24
1.2%
Q2 24
0.9%
Q1 24
4.4%
Cash Conversion
FCBC
FCBC
IIPR
IIPR
Q4 25
5.03×
6.22×
Q3 25
1.54×
1.56×
Q2 25
0.83×
1.86×
Q1 25
1.12×
1.75×
Q4 24
4.43×
6.46×
Q3 24
0.88×
1.61×
Q2 24
1.14×
1.53×
Q1 24
1.32×
1.82×

Financial Flow Comparison

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

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