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

MARKETWISE, INC. is the larger business by last-quarter revenue ($83.4M vs $66.7M, roughly 1.3× INNOVATIVE INDUSTRIAL PROPERTIES INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 2.3%, a 45.5% gap on every dollar of revenue. On growth, INNOVATIVE INDUSTRIAL PROPERTIES INC posted the faster year-over-year revenue change (-13.1% vs -14.4%). Over the past eight quarters, INNOVATIVE INDUSTRIAL PROPERTIES INC's revenue compounded faster (-6.0% CAGR vs -12.5%).

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. ...

MarketWise Inc. is a leading provider of investment research, financial market data, and wealth management education solutions. It serves both retail and institutional investors across North America, Europe, and the Asia-Pacific region, offering actionable market insights, portfolio analysis tools, and specialized multi-asset research.

IIPR vs MKTW — Head-to-Head

Bigger by revenue
MKTW
MKTW
1.3× larger
MKTW
$83.4M
$66.7M
IIPR
Growing faster (revenue YoY)
IIPR
IIPR
+1.3% gap
IIPR
-13.1%
-14.4%
MKTW
Higher net margin
IIPR
IIPR
45.5% more per $
IIPR
47.8%
2.3%
MKTW
Faster 2-yr revenue CAGR
IIPR
IIPR
Annualised
IIPR
-6.0%
-12.5%
MKTW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IIPR
IIPR
MKTW
MKTW
Revenue
$66.7M
$83.4M
Net Profit
$31.8M
$1.9M
Gross Margin
87.0%
Operating Margin
47.8%
15.8%
Net Margin
47.8%
2.3%
Revenue YoY
-13.1%
-14.4%
Net Profit YoY
-20.4%
-9.8%
EPS (diluted)
$1.07
$0.79

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
MKTW
MKTW
Q4 25
$66.7M
$83.4M
Q3 25
$64.7M
$81.3M
Q2 25
$62.9M
$80.0M
Q1 25
$71.7M
$83.5M
Q4 24
$76.7M
$97.5M
Q3 24
$76.5M
$97.2M
Q2 24
$79.8M
$105.0M
Q1 24
$75.5M
$109.0M
Net Profit
IIPR
IIPR
MKTW
MKTW
Q4 25
$31.8M
$1.9M
Q3 25
$29.3M
$1.5M
Q2 25
$26.0M
$1.3M
Q1 25
$31.1M
$890.0K
Q4 24
$40.0M
$2.1M
Q3 24
$40.2M
$1.7M
Q2 24
$42.0M
$1.5M
Q1 24
$39.4M
$1.7M
Gross Margin
IIPR
IIPR
MKTW
MKTW
Q4 25
87.0%
Q3 25
87.0%
Q2 25
86.3%
Q1 25
85.7%
Q4 24
88.7%
Q3 24
86.7%
Q2 24
87.3%
Q1 24
87.7%
Operating Margin
IIPR
IIPR
MKTW
MKTW
Q4 25
47.8%
15.8%
Q3 25
45.5%
21.9%
Q2 25
45.9%
18.5%
Q1 25
47.4%
20.1%
Q4 24
54.7%
24.8%
Q3 24
54.8%
22.5%
Q2 24
53.1%
20.3%
Q1 24
55.7%
19.8%
Net Margin
IIPR
IIPR
MKTW
MKTW
Q4 25
47.8%
2.3%
Q3 25
45.3%
1.9%
Q2 25
41.4%
1.6%
Q1 25
43.3%
1.1%
Q4 24
52.2%
2.2%
Q3 24
52.6%
1.8%
Q2 24
52.6%
1.5%
Q1 24
52.3%
1.5%
EPS (diluted)
IIPR
IIPR
MKTW
MKTW
Q4 25
$1.07
$0.79
Q3 25
$0.97
$0.58
Q2 25
$0.86
$0.53
Q1 25
$1.03
$0.41
Q4 24
$1.35
$1.06
Q3 24
$1.37
$0.87
Q2 24
$1.44
$0.80
Q1 24
$1.36
$0.85

Balance Sheet & Financial Strength

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

Metric
IIPR
IIPR
MKTW
MKTW
Cash + ST InvestmentsLiquidity on hand
$47.6M
$70.1M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$1.8B
$-11.7M
Total Assets
$2.4B
$218.4M
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IIPR
IIPR
MKTW
MKTW
Q4 25
$47.6M
$70.1M
Q3 25
$41.9M
$50.5M
Q2 25
$104.9M
$69.1M
Q1 25
$133.3M
$79.2M
Q4 24
$151.2M
$97.9M
Q3 24
$172.4M
$94.1M
Q2 24
$160.9M
$109.3M
Q1 24
$173.5M
$131.2M
Total Debt
IIPR
IIPR
MKTW
MKTW
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$707.0K
Stockholders' Equity
IIPR
IIPR
MKTW
MKTW
Q4 25
$1.8B
$-11.7M
Q3 25
$1.9B
$-14.5M
Q2 25
$1.9B
$-15.8M
Q1 25
$1.9B
$-15.8M
Q4 24
$1.9B
$-12.5M
Q3 24
$1.9B
$-19.5M
Q2 24
$1.9B
$-23.7M
Q1 24
$2.0B
$-9.4M
Total Assets
IIPR
IIPR
MKTW
MKTW
Q4 25
$2.4B
$218.4M
Q3 25
$2.3B
$201.7M
Q2 25
$2.3B
$211.8M
Q1 25
$2.4B
$239.6M
Q4 24
$2.4B
$259.5M
Q3 24
$2.4B
$278.4M
Q2 24
$2.4B
$315.3M
Q1 24
$2.4B
$359.3M
Debt / Equity
IIPR
IIPR
MKTW
MKTW
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
MKTW
MKTW
Operating Cash FlowLast quarter
$198.2M
$46.0M
Free Cash FlowOCF − Capex
$45.6M
FCF MarginFCF / Revenue
54.6%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
6.22×
23.84×
TTM Free Cash FlowTrailing 4 quarters
$67.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IIPR
IIPR
MKTW
MKTW
Q4 25
$198.2M
$46.0M
Q3 25
$45.6M
$2.2M
Q2 25
$48.4M
$17.8M
Q1 25
$54.2M
$1.7M
Q4 24
$258.4M
$-22.1M
Q3 24
$64.9M
$-5.8M
Q2 24
$64.2M
$-3.8M
Q1 24
$71.6M
$-18.5M
Free Cash Flow
IIPR
IIPR
MKTW
MKTW
Q4 25
$45.6M
Q3 25
$2.2M
Q2 25
$17.7M
Q1 25
$1.7M
Q4 24
$-22.3M
Q3 24
$-5.9M
Q2 24
$-3.8M
Q1 24
FCF Margin
IIPR
IIPR
MKTW
MKTW
Q4 25
54.6%
Q3 25
2.7%
Q2 25
22.2%
Q1 25
2.0%
Q4 24
-22.9%
Q3 24
-6.0%
Q2 24
-3.6%
Q1 24
Capex Intensity
IIPR
IIPR
MKTW
MKTW
Q4 25
0.5%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
IIPR
IIPR
MKTW
MKTW
Q4 25
6.22×
23.84×
Q3 25
1.56×
1.44×
Q2 25
1.86×
13.76×
Q1 25
1.75×
1.95×
Q4 24
6.46×
-10.36×
Q3 24
1.61×
-3.39×
Q2 24
1.53×
-2.46×
Q1 24
1.82×
-11.17×

Financial Flow Comparison

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

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