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Side-by-side financial comparison of Hippo Holdings Inc. (HIPO) and INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR). Click either name above to swap in a different company.

Hippo Holdings Inc. is the larger business by last-quarter revenue ($120.4M vs $66.7M, roughly 1.8× INNOVATIVE INDUSTRIAL PROPERTIES INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 5.0%, a 42.8% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs -13.1%). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs -6.0%).

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

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. ...

HIPO vs IIPR — Head-to-Head

Bigger by revenue
HIPO
HIPO
1.8× larger
HIPO
$120.4M
$66.7M
IIPR
Growing faster (revenue YoY)
HIPO
HIPO
+31.3% gap
HIPO
18.2%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
42.8% more per $
IIPR
47.8%
5.0%
HIPO
Faster 2-yr revenue CAGR
HIPO
HIPO
Annualised
HIPO
18.9%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HIPO
HIPO
IIPR
IIPR
Revenue
$120.4M
$66.7M
Net Profit
$6.0M
$31.8M
Gross Margin
Operating Margin
5.6%
47.8%
Net Margin
5.0%
47.8%
Revenue YoY
18.2%
-13.1%
Net Profit YoY
-86.4%
-20.4%
EPS (diluted)
$0.31
$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
HIPO
HIPO
IIPR
IIPR
Q4 25
$120.4M
$66.7M
Q3 25
$120.6M
$64.7M
Q2 25
$117.3M
$62.9M
Q1 25
$110.3M
$71.7M
Q4 24
$101.9M
$76.7M
Q3 24
$95.5M
$76.5M
Q2 24
$89.6M
$79.8M
Q1 24
$85.1M
$75.5M
Net Profit
HIPO
HIPO
IIPR
IIPR
Q4 25
$6.0M
$31.8M
Q3 25
$98.1M
$29.3M
Q2 25
$1.3M
$26.0M
Q1 25
$-47.7M
$31.1M
Q4 24
$44.2M
$40.0M
Q3 24
$-8.5M
$40.2M
Q2 24
$-40.5M
$42.0M
Q1 24
$-35.7M
$39.4M
Operating Margin
HIPO
HIPO
IIPR
IIPR
Q4 25
5.6%
47.8%
Q3 25
81.3%
45.5%
Q2 25
3.4%
45.9%
Q1 25
-41.3%
47.4%
Q4 24
46.3%
54.7%
Q3 24
-5.4%
54.8%
Q2 24
-40.7%
53.1%
Q1 24
-38.7%
55.7%
Net Margin
HIPO
HIPO
IIPR
IIPR
Q4 25
5.0%
47.8%
Q3 25
81.3%
45.3%
Q2 25
1.1%
41.4%
Q1 25
-43.2%
43.3%
Q4 24
43.4%
52.2%
Q3 24
-8.9%
52.6%
Q2 24
-45.2%
52.6%
Q1 24
-42.0%
52.3%
EPS (diluted)
HIPO
HIPO
IIPR
IIPR
Q4 25
$0.31
$1.07
Q3 25
$3.77
$0.97
Q2 25
$0.05
$0.86
Q1 25
$-1.91
$1.03
Q4 24
$1.81
$1.35
Q3 24
$-0.34
$1.37
Q2 24
$-1.64
$1.44
Q1 24
$-1.47
$1.36

Balance Sheet & Financial Strength

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

Metric
HIPO
HIPO
IIPR
IIPR
Cash + ST InvestmentsLiquidity on hand
$218.3M
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$436.1M
$1.8B
Total Assets
$1.9B
$2.4B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIPO
HIPO
IIPR
IIPR
Q4 25
$218.3M
$47.6M
Q3 25
$247.7M
$41.9M
Q2 25
$198.9M
$104.9M
Q1 25
$140.9M
$133.3M
Q4 24
$197.6M
$151.2M
Q3 24
$191.2M
$172.4M
Q2 24
$175.9M
$160.9M
Q1 24
$223.4M
$173.5M
Total Debt
HIPO
HIPO
IIPR
IIPR
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HIPO
HIPO
IIPR
IIPR
Q4 25
$436.1M
$1.8B
Q3 25
$421.5M
$1.9B
Q2 25
$332.5M
$1.9B
Q1 25
$322.8M
$1.9B
Q4 24
$362.1M
$1.9B
Q3 24
$326.4M
$1.9B
Q2 24
$322.6M
$1.9B
Q1 24
$351.2M
$2.0B
Total Assets
HIPO
HIPO
IIPR
IIPR
Q4 25
$1.9B
$2.4B
Q3 25
$1.9B
$2.3B
Q2 25
$1.7B
$2.3B
Q1 25
$1.5B
$2.4B
Q4 24
$1.5B
$2.4B
Q3 24
$1.5B
$2.4B
Q2 24
$1.5B
$2.4B
Q1 24
$1.5B
$2.4B
Debt / Equity
HIPO
HIPO
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
HIPO
HIPO
IIPR
IIPR
Operating Cash FlowLast quarter
$9.2M
$198.2M
Free Cash FlowOCF − Capex
$9.1M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.53×
6.22×
TTM Free Cash FlowTrailing 4 quarters
$14.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIPO
HIPO
IIPR
IIPR
Q4 25
$9.2M
$198.2M
Q3 25
$16.9M
$45.6M
Q2 25
$24.7M
$48.4M
Q1 25
$-35.6M
$54.2M
Q4 24
$47.5M
$258.4M
Q3 24
$46.8M
$64.9M
Q2 24
$-10.6M
$64.2M
Q1 24
$17.7M
$71.6M
Free Cash Flow
HIPO
HIPO
IIPR
IIPR
Q4 25
$9.1M
Q3 25
$16.8M
Q2 25
$24.6M
Q1 25
$-35.7M
Q4 24
$47.2M
Q3 24
Q2 24
$-10.7M
Q1 24
$17.6M
FCF Margin
HIPO
HIPO
IIPR
IIPR
Q4 25
7.6%
Q3 25
13.9%
Q2 25
21.0%
Q1 25
-32.4%
Q4 24
46.3%
Q3 24
Q2 24
-11.9%
Q1 24
20.7%
Capex Intensity
HIPO
HIPO
IIPR
IIPR
Q4 25
0.1%
Q3 25
0.1%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.3%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
HIPO
HIPO
IIPR
IIPR
Q4 25
1.53×
6.22×
Q3 25
0.17×
1.56×
Q2 25
19.00×
1.86×
Q1 25
1.75×
Q4 24
1.07×
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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