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

LIVE VENTURES Inc is the larger business by last-quarter revenue ($108.5M vs $66.7M, roughly 1.6× INNOVATIVE INDUSTRIAL PROPERTIES INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs -0.1%, a 47.8% gap on every dollar of revenue. On growth, LIVE VENTURES Inc posted the faster year-over-year revenue change (-2.7% vs -13.1%). Over the past eight quarters, LIVE VENTURES Inc's revenue compounded faster (-4.3% CAGR vs -6.0%).

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. ...

Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster. It continues to operate both brands as subsidiary companies, promoting and managing ticket sales for live entertainment internationally. It also owns and operates entertainment venues and manages the careers of music artists.

IIPR vs LIVE — Head-to-Head

Bigger by revenue
LIVE
LIVE
1.6× larger
LIVE
$108.5M
$66.7M
IIPR
Growing faster (revenue YoY)
LIVE
LIVE
+10.5% gap
LIVE
-2.7%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
47.8% more per $
IIPR
47.8%
-0.1%
LIVE
Faster 2-yr revenue CAGR
LIVE
LIVE
Annualised
LIVE
-4.3%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IIPR
IIPR
LIVE
LIVE
Revenue
$66.7M
$108.5M
Net Profit
$31.8M
$-64.0K
Gross Margin
32.6%
Operating Margin
47.8%
3.2%
Net Margin
47.8%
-0.1%
Revenue YoY
-13.1%
-2.7%
Net Profit YoY
-20.4%
-113.0%
EPS (diluted)
$1.07
$-0.02

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
IIPR
IIPR
LIVE
LIVE
Q4 25
$66.7M
$108.5M
Q3 25
$64.7M
$113.9M
Q2 25
$62.9M
$112.5M
Q1 25
$71.7M
$107.0M
Q4 24
$76.7M
$111.5M
Q3 24
$76.5M
$112.7M
Q2 24
$79.8M
$123.9M
Q1 24
$75.5M
$118.6M
Net Profit
IIPR
IIPR
LIVE
LIVE
Q4 25
$31.8M
$-64.0K
Q3 25
$29.3M
$997.0K
Q2 25
$26.0M
$5.4M
Q1 25
$31.1M
$15.9M
Q4 24
$40.0M
$492.0K
Q3 24
$40.2M
$-19.9M
Q2 24
$42.0M
$-2.9M
Q1 24
$39.4M
$-3.3M
Gross Margin
IIPR
IIPR
LIVE
LIVE
Q4 25
32.6%
Q3 25
32.4%
Q2 25
34.0%
Q1 25
32.8%
Q4 24
31.7%
Q3 24
31.9%
Q2 24
29.9%
Q1 24
29.9%
Operating Margin
IIPR
IIPR
LIVE
LIVE
Q4 25
47.8%
3.2%
Q3 25
45.5%
3.3%
Q2 25
45.9%
7.1%
Q1 25
47.4%
2.0%
Q4 24
54.7%
0.7%
Q3 24
54.8%
-15.5%
Q2 24
53.1%
0.9%
Q1 24
55.7%
-0.7%
Net Margin
IIPR
IIPR
LIVE
LIVE
Q4 25
47.8%
-0.1%
Q3 25
45.3%
0.9%
Q2 25
41.4%
4.8%
Q1 25
43.3%
14.8%
Q4 24
52.2%
0.4%
Q3 24
52.6%
-17.6%
Q2 24
52.6%
-2.3%
Q1 24
52.3%
-2.8%
EPS (diluted)
IIPR
IIPR
LIVE
LIVE
Q4 25
$1.07
$-0.02
Q3 25
$0.97
$-1.52
Q2 25
$0.86
$1.24
Q1 25
$1.03
$5.05
Q4 24
$1.35
$0.16
Q3 24
$1.37
$-6.31
Q2 24
$1.44
$-0.91
Q1 24
$1.36
$-1.04

Balance Sheet & Financial Strength

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

Metric
IIPR
IIPR
LIVE
LIVE
Cash + ST InvestmentsLiquidity on hand
$47.6M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$1.8B
$95.3M
Total Assets
$2.4B
$389.2M
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IIPR
IIPR
LIVE
LIVE
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
IIPR
IIPR
LIVE
LIVE
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IIPR
IIPR
LIVE
LIVE
Q4 25
$1.8B
$95.3M
Q3 25
$1.9B
$95.3M
Q2 25
$1.9B
$94.3M
Q1 25
$1.9B
$88.9M
Q4 24
$1.9B
$73.3M
Q3 24
$1.9B
$72.9M
Q2 24
$1.9B
$92.7M
Q1 24
$2.0B
$95.9M
Total Assets
IIPR
IIPR
LIVE
LIVE
Q4 25
$2.4B
$389.2M
Q3 25
$2.3B
$386.4M
Q2 25
$2.3B
$387.5M
Q1 25
$2.4B
$393.6M
Q4 24
$2.4B
$395.5M
Q3 24
$2.4B
$407.5M
Q2 24
$2.4B
$436.8M
Q1 24
$2.4B
$433.9M
Debt / Equity
IIPR
IIPR
LIVE
LIVE
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
IIPR
IIPR
LIVE
LIVE
Operating Cash FlowLast quarter
$198.2M
$9.8M
Free Cash FlowOCF − Capex
$8.5M
FCF MarginFCF / Revenue
7.8%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
6.22×
TTM Free Cash FlowTrailing 4 quarters
$21.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IIPR
IIPR
LIVE
LIVE
Q4 25
$198.2M
$9.8M
Q3 25
$45.6M
$6.8M
Q2 25
$48.4M
$12.3M
Q1 25
$54.2M
$231.0K
Q4 24
$258.4M
$9.4M
Q3 24
$64.9M
$6.7M
Q2 24
$64.2M
$11.7M
Q1 24
$71.6M
$-5.7M
Free Cash Flow
IIPR
IIPR
LIVE
LIVE
Q4 25
$8.5M
Q3 25
$4.8M
Q2 25
$10.8M
Q1 25
$-2.3M
Q4 24
$7.6M
Q3 24
$3.3M
Q2 24
$10.1M
Q1 24
$-7.5M
FCF Margin
IIPR
IIPR
LIVE
LIVE
Q4 25
7.8%
Q3 25
4.2%
Q2 25
9.6%
Q1 25
-2.1%
Q4 24
6.8%
Q3 24
2.9%
Q2 24
8.2%
Q1 24
-6.3%
Capex Intensity
IIPR
IIPR
LIVE
LIVE
Q4 25
1.2%
Q3 25
1.7%
Q2 25
1.3%
Q1 25
2.3%
Q4 24
1.6%
Q3 24
3.1%
Q2 24
1.3%
Q1 24
1.4%
Cash Conversion
IIPR
IIPR
LIVE
LIVE
Q4 25
6.22×
Q3 25
1.56×
6.78×
Q2 25
1.86×
2.28×
Q1 25
1.75×
0.01×
Q4 24
6.46×
19.11×
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.

Revenue Breakdown by Segment

IIPR
IIPR

Segment breakdown not available.

LIVE
LIVE

Steel Manufacturing Segment$31.9M29%
Flooring Manufacturing Segment$28.9M27%
Retail Flooring Segment$25.3M23%
Retail Entertainment Segment$23.6M22%

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