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

FLOTEK INDUSTRIES INC is the larger business by last-quarter revenue ($67.5M vs $66.7M, roughly 1.0× INNOVATIVE INDUSTRIAL PROPERTIES INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 4.5%, a 43.3% gap on every dollar of revenue. On growth, FLOTEK INDUSTRIES INC posted the faster year-over-year revenue change (33.0% vs -13.1%). Over the past eight quarters, FLOTEK INDUSTRIES INC's revenue compounded faster (29.3% CAGR vs -6.0%).

Flotek Industries Inc. is a technology-driven diversified company that develops and supplies specialty chemicals, performance materials and related equipment solutions for global energy, mining and industrial manufacturing sectors, delivering innovative sustainable products to boost client operational efficiency.

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. ...

FTK vs IIPR — Head-to-Head

Bigger by revenue
FTK
FTK
1.0× larger
FTK
$67.5M
$66.7M
IIPR
Growing faster (revenue YoY)
FTK
FTK
+46.2% gap
FTK
33.0%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
43.3% more per $
IIPR
47.8%
4.5%
FTK
Faster 2-yr revenue CAGR
FTK
FTK
Annualised
FTK
29.3%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FTK
FTK
IIPR
IIPR
Revenue
$67.5M
$66.7M
Net Profit
$3.0M
$31.8M
Gross Margin
22.5%
Operating Margin
8.9%
47.8%
Net Margin
4.5%
47.8%
Revenue YoY
33.0%
-13.1%
Net Profit YoY
-31.7%
-20.4%
EPS (diluted)
$0.09
$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
FTK
FTK
IIPR
IIPR
Q4 25
$67.5M
$66.7M
Q3 25
$56.0M
$64.7M
Q2 25
$58.4M
$62.9M
Q1 25
$55.4M
$71.7M
Q4 24
$50.8M
$76.7M
Q3 24
$49.7M
$76.5M
Q2 24
$46.2M
$79.8M
Q1 24
$40.4M
$75.5M
Net Profit
FTK
FTK
IIPR
IIPR
Q4 25
$3.0M
$31.8M
Q3 25
$20.4M
$29.3M
Q2 25
$1.8M
$26.0M
Q1 25
$5.4M
$31.1M
Q4 24
$4.4M
$40.0M
Q3 24
$2.5M
$40.2M
Q2 24
$2.0M
$42.0M
Q1 24
$1.6M
$39.4M
Gross Margin
FTK
FTK
IIPR
IIPR
Q4 25
22.5%
Q3 25
31.7%
Q2 25
24.7%
Q1 25
22.5%
Q4 24
24.2%
Q3 24
18.3%
Q2 24
19.9%
Q1 24
21.8%
Operating Margin
FTK
FTK
IIPR
IIPR
Q4 25
8.9%
47.8%
Q3 25
16.2%
45.5%
Q2 25
4.4%
45.9%
Q1 25
10.1%
47.4%
Q4 24
10.1%
54.7%
Q3 24
5.5%
54.8%
Q2 24
4.8%
53.1%
Q1 24
5.2%
55.7%
Net Margin
FTK
FTK
IIPR
IIPR
Q4 25
4.5%
47.8%
Q3 25
36.3%
45.3%
Q2 25
3.0%
41.4%
Q1 25
9.7%
43.3%
Q4 24
8.7%
52.2%
Q3 24
5.1%
52.6%
Q2 24
4.3%
52.6%
Q1 24
3.9%
52.3%
EPS (diluted)
FTK
FTK
IIPR
IIPR
Q4 25
$0.09
$1.07
Q3 25
$0.53
$0.97
Q2 25
$0.05
$0.86
Q1 25
$0.17
$1.03
Q4 24
$0.15
$1.35
Q3 24
$0.08
$1.37
Q2 24
$0.06
$1.44
Q1 24
$0.05
$1.36

Balance Sheet & Financial Strength

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

Metric
FTK
FTK
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$5.7M
$47.6M
Total DebtLower is stronger
$40.0M
$393.7M
Stockholders' EquityBook value
$113.1M
$1.8B
Total Assets
$220.0M
$2.4B
Debt / EquityLower = less leverage
0.35×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FTK
FTK
IIPR
IIPR
Q4 25
$5.7M
$47.6M
Q3 25
$4.6M
$41.9M
Q2 25
$5.0M
$104.9M
Q1 25
$6.3M
$133.3M
Q4 24
$4.4M
$151.2M
Q3 24
$5.0M
$172.4M
Q2 24
$4.8M
$160.9M
Q1 24
$5.2M
$173.5M
Total Debt
FTK
FTK
IIPR
IIPR
Q4 25
$40.0M
$393.7M
Q3 25
$40.0M
Q2 25
$40.0M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$194.0K
Stockholders' Equity
FTK
FTK
IIPR
IIPR
Q4 25
$113.1M
$1.8B
Q3 25
$110.5M
$1.9B
Q2 25
$71.8M
$1.9B
Q1 25
$119.7M
$1.9B
Q4 24
$113.9M
$1.9B
Q3 24
$109.0M
$1.9B
Q2 24
$106.2M
$1.9B
Q1 24
$103.9M
$2.0B
Total Assets
FTK
FTK
IIPR
IIPR
Q4 25
$220.0M
$2.4B
Q3 25
$212.7M
$2.3B
Q2 25
$172.2M
$2.3B
Q1 25
$170.2M
$2.4B
Q4 24
$170.8M
$2.4B
Q3 24
$160.6M
$2.4B
Q2 24
$156.0M
$2.4B
Q1 24
$155.8M
$2.4B
Debt / Equity
FTK
FTK
IIPR
IIPR
Q4 25
0.35×
0.21×
Q3 25
0.36×
Q2 25
0.56×
Q1 25
Q4 24
Q3 24
Q2 24
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
FTK
FTK
IIPR
IIPR
Operating Cash FlowLast quarter
$6.2M
$198.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.07×
6.22×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FTK
FTK
IIPR
IIPR
Q4 25
$6.2M
$198.2M
Q3 25
$-1.9M
$45.6M
Q2 25
$-4.5M
$48.4M
Q1 25
$7.3M
$54.2M
Q4 24
$-2.6M
$258.4M
Q3 24
$5.1M
$64.9M
Q2 24
$-3.1M
$64.2M
Q1 24
$3.9M
$71.6M
Cash Conversion
FTK
FTK
IIPR
IIPR
Q4 25
2.07×
6.22×
Q3 25
-0.09×
1.56×
Q2 25
-2.54×
1.86×
Q1 25
1.36×
1.75×
Q4 24
-0.58×
6.46×
Q3 24
2.01×
1.61×
Q2 24
-1.55×
1.53×
Q1 24
2.49×
1.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FTK
FTK

Related Party$49.6M74%
Nonrelated Party$17.9M26%

IIPR
IIPR

Segment breakdown not available.

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