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Side-by-side financial comparison of Goosehead Insurance, Inc. (GSHD) and INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR). Click either name above to swap in a different company.

Goosehead Insurance, Inc. is the larger business by last-quarter revenue ($93.1M vs $66.7M, roughly 1.4× INNOVATIVE INDUSTRIAL PROPERTIES INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 8.6%, a 39.1% gap on every dollar of revenue. On growth, Goosehead Insurance, Inc. posted the faster year-over-year revenue change (23.1% vs -13.1%). Over the past eight quarters, Goosehead Insurance, Inc.'s revenue compounded faster (9.2% CAGR vs -6.0%).

Goosehead Insurance is a U.S.-based personal lines insurance agency that offers a wide range of coverage products including auto, home, renters, flood, and specialty insurance. It partners with hundreds of insurance carriers to provide clients with tailored, cost-effective coverage options, operating via corporate locations and a national franchise network for independent agents.

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. ...

GSHD vs IIPR — Head-to-Head

Bigger by revenue
GSHD
GSHD
1.4× larger
GSHD
$93.1M
$66.7M
IIPR
Growing faster (revenue YoY)
GSHD
GSHD
+36.3% gap
GSHD
23.1%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
39.1% more per $
IIPR
47.8%
8.6%
GSHD
Faster 2-yr revenue CAGR
GSHD
GSHD
Annualised
GSHD
9.2%
-6.0%
IIPR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GSHD
GSHD
IIPR
IIPR
Revenue
$93.1M
$66.7M
Net Profit
$8.0M
$31.8M
Gross Margin
Operating Margin
16.1%
47.8%
Net Margin
8.6%
47.8%
Revenue YoY
23.1%
-13.1%
Net Profit YoY
204.0%
-20.4%
EPS (diluted)
$0.19
$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
GSHD
GSHD
IIPR
IIPR
Q1 26
$93.1M
Q4 25
$105.3M
$66.7M
Q3 25
$90.4M
$64.7M
Q2 25
$94.0M
$62.9M
Q1 25
$75.6M
$71.7M
Q4 24
$93.9M
$76.7M
Q3 24
$78.0M
$76.5M
Q2 24
$78.1M
$79.8M
Net Profit
GSHD
GSHD
IIPR
IIPR
Q1 26
$8.0M
Q4 25
$12.4M
$31.8M
Q3 25
$7.9M
$29.3M
Q2 25
$5.2M
$26.0M
Q1 25
$2.3M
$31.1M
Q4 24
$14.9M
$40.0M
Q3 24
$7.6M
$40.2M
Q2 24
$6.2M
$42.0M
Operating Margin
GSHD
GSHD
IIPR
IIPR
Q1 26
16.1%
Q4 25
29.4%
47.8%
Q3 25
23.5%
45.5%
Q2 25
16.7%
45.9%
Q1 25
8.8%
47.4%
Q4 24
29.7%
54.7%
Q3 24
21.1%
54.8%
Q2 24
19.7%
53.1%
Net Margin
GSHD
GSHD
IIPR
IIPR
Q1 26
8.6%
Q4 25
11.8%
47.8%
Q3 25
8.7%
45.3%
Q2 25
5.5%
41.4%
Q1 25
3.1%
43.3%
Q4 24
15.8%
52.2%
Q3 24
9.7%
52.6%
Q2 24
7.9%
52.6%
EPS (diluted)
GSHD
GSHD
IIPR
IIPR
Q1 26
$0.19
Q4 25
$0.48
$1.07
Q3 25
$0.29
$0.97
Q2 25
$0.18
$0.86
Q1 25
$0.09
$1.03
Q4 24
$0.58
$1.35
Q3 24
$0.29
$1.37
Q2 24
$0.24
$1.44

Balance Sheet & Financial Strength

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

Metric
GSHD
GSHD
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$25.7M
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$-121.3M
$1.8B
Total Assets
$392.8M
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GSHD
GSHD
IIPR
IIPR
Q1 26
$25.7M
Q4 25
$34.4M
$47.6M
Q3 25
$51.6M
$41.9M
Q2 25
$92.4M
$104.9M
Q1 25
$70.2M
$133.3M
Q4 24
$54.3M
$151.2M
Q3 24
$47.5M
$172.4M
Q2 24
$23.6M
$160.9M
Total Debt
GSHD
GSHD
IIPR
IIPR
Q1 26
Q4 25
$289.5M
$393.7M
Q3 25
$290.0M
Q2 25
$289.8M
Q1 25
$290.3M
Q4 24
$82.3M
Q3 24
$84.6M
Q2 24
$87.0M
Stockholders' Equity
GSHD
GSHD
IIPR
IIPR
Q1 26
$-121.3M
Q4 25
$-95.5M
$1.8B
Q3 25
$-105.0M
$1.9B
Q2 25
$-78.6M
$1.9B
Q1 25
$-88.5M
$1.9B
Q4 24
$43.9M
$1.9B
Q3 24
$58.3M
$1.9B
Q2 24
$39.8M
$1.9B
Total Assets
GSHD
GSHD
IIPR
IIPR
Q1 26
$392.8M
Q4 25
$414.9M
$2.4B
Q3 25
$403.6M
$2.3B
Q2 25
$436.6M
$2.3B
Q1 25
$412.6M
$2.4B
Q4 24
$397.7M
$2.4B
Q3 24
$358.1M
$2.4B
Q2 24
$338.2M
$2.4B
Debt / Equity
GSHD
GSHD
IIPR
IIPR
Q1 26
Q4 25
0.21×
Q3 25
Q2 25
Q1 25
Q4 24
1.87×
Q3 24
1.45×
Q2 24
2.19×

Cash Flow & Capital Efficiency

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

Metric
GSHD
GSHD
IIPR
IIPR
Operating Cash FlowLast quarter
$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
GSHD
GSHD
IIPR
IIPR
Q1 26
Q4 25
$91.8M
$198.2M
Q3 25
$24.2M
$45.6M
Q2 25
$28.9M
$48.4M
Q1 25
$15.5M
$54.2M
Q4 24
$71.5M
$258.4M
Q3 24
$28.1M
$64.9M
Q2 24
$18.9M
$64.2M
Free Cash Flow
GSHD
GSHD
IIPR
IIPR
Q1 26
Q4 25
$86.1M
Q3 25
$23.7M
Q2 25
$27.2M
Q1 25
$14.9M
Q4 24
$70.6M
Q3 24
$28.0M
Q2 24
$18.6M
FCF Margin
GSHD
GSHD
IIPR
IIPR
Q1 26
Q4 25
81.8%
Q3 25
26.2%
Q2 25
28.9%
Q1 25
19.7%
Q4 24
75.1%
Q3 24
35.9%
Q2 24
23.9%
Capex Intensity
GSHD
GSHD
IIPR
IIPR
Q1 26
Q4 25
5.4%
Q3 25
0.5%
Q2 25
1.8%
Q1 25
0.8%
Q4 24
1.0%
Q3 24
0.1%
Q2 24
0.3%
Cash Conversion
GSHD
GSHD
IIPR
IIPR
Q1 26
Q4 25
7.38×
6.22×
Q3 25
3.06×
1.56×
Q2 25
5.61×
1.86×
Q1 25
6.61×
1.75×
Q4 24
4.82×
6.46×
Q3 24
3.72×
1.61×
Q2 24
3.05×
1.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GSHD
GSHD

Renewal Royalty Fees (2)$43.6M47%
Renewal Commissions (1)$18.2M20%
Contingent Commissions (1)$10.7M11%
New Business Royalty Fees (2)$7.9M8%
New Business Commissions (1)$7.5M8%
Other$3.7M4%
Initial Franchise Fees (2)$1.6M2%

IIPR
IIPR

Segment breakdown not available.

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