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

INNOVATIVE INDUSTRIAL PROPERTIES INC is the larger business by last-quarter revenue ($66.7M vs $41.9M, roughly 1.6× Namib Minerals).

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. ...

Namib Minerals is a Namibia-based natural resources firm focused on exploration, development and extraction of high-demand mineral deposits including uranium, copper and lithium. It operates across licensed southern African sites, supplying raw materials to global clean energy, construction and electronics manufacturing sectors.

IIPR vs NAMM — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.6× larger
IIPR
$66.7M
$41.9M
NAMM

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
IIPR
IIPR
NAMM
NAMM
Revenue
$66.7M
$41.9M
Net Profit
$31.8M
Gross Margin
45.7%
Operating Margin
47.8%
29.8%
Net Margin
47.8%
Revenue YoY
-13.1%
Net Profit YoY
-20.4%
EPS (diluted)
$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
IIPR
IIPR
NAMM
NAMM
Q4 25
$66.7M
Q3 25
$64.7M
Q2 25
$62.9M
$41.9M
Q1 25
$71.7M
Q4 24
$76.7M
Q3 24
$76.5M
Q2 24
$79.8M
Q1 24
$75.5M
Net Profit
IIPR
IIPR
NAMM
NAMM
Q4 25
$31.8M
Q3 25
$29.3M
Q2 25
$26.0M
Q1 25
$31.1M
Q4 24
$40.0M
Q3 24
$40.2M
Q2 24
$42.0M
Q1 24
$39.4M
Gross Margin
IIPR
IIPR
NAMM
NAMM
Q4 25
Q3 25
Q2 25
45.7%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
IIPR
IIPR
NAMM
NAMM
Q4 25
47.8%
Q3 25
45.5%
Q2 25
45.9%
29.8%
Q1 25
47.4%
Q4 24
54.7%
Q3 24
54.8%
Q2 24
53.1%
Q1 24
55.7%
Net Margin
IIPR
IIPR
NAMM
NAMM
Q4 25
47.8%
Q3 25
45.3%
Q2 25
41.4%
Q1 25
43.3%
Q4 24
52.2%
Q3 24
52.6%
Q2 24
52.6%
Q1 24
52.3%
EPS (diluted)
IIPR
IIPR
NAMM
NAMM
Q4 25
$1.07
Q3 25
$0.97
Q2 25
$0.86
Q1 25
$1.03
Q4 24
$1.35
Q3 24
$1.37
Q2 24
$1.44
Q1 24
$1.36

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IIPR
IIPR
NAMM
NAMM
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
NAMM
NAMM
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IIPR
IIPR
NAMM
NAMM
Q4 25
$1.8B
Q3 25
$1.9B
Q2 25
$1.9B
Q1 25
$1.9B
Q4 24
$1.9B
Q3 24
$1.9B
Q2 24
$1.9B
Q1 24
$2.0B
Total Assets
IIPR
IIPR
NAMM
NAMM
Q4 25
$2.4B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Q1 24
$2.4B
Debt / Equity
IIPR
IIPR
NAMM
NAMM
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
NAMM
NAMM
Operating Cash FlowLast quarter
$198.2M
$11.4M
Free Cash FlowOCF − Capex
$7.4M
FCF MarginFCF / Revenue
17.6%
Capex IntensityCapex / Revenue
9.6%
Cash ConversionOCF / Net Profit
6.22×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IIPR
IIPR
NAMM
NAMM
Q4 25
$198.2M
Q3 25
$45.6M
Q2 25
$48.4M
$11.4M
Q1 25
$54.2M
Q4 24
$258.4M
Q3 24
$64.9M
Q2 24
$64.2M
Q1 24
$71.6M
Free Cash Flow
IIPR
IIPR
NAMM
NAMM
Q4 25
Q3 25
Q2 25
$7.4M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
IIPR
IIPR
NAMM
NAMM
Q4 25
Q3 25
Q2 25
17.6%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
IIPR
IIPR
NAMM
NAMM
Q4 25
Q3 25
Q2 25
9.6%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
IIPR
IIPR
NAMM
NAMM
Q4 25
6.22×
Q3 25
1.56×
Q2 25
1.86×
Q1 25
1.75×
Q4 24
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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