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Side-by-side financial comparison of INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) and Nano Dimension Ltd. (NNDM). 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 $57.8M, roughly 1.2× Nano Dimension Ltd.). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs -171.1%, a 218.8% gap on every dollar of revenue.

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. ...

Nano Dimension Ltd. is a leading provider of additively manufactured electronics solutions and 3D printing technologies. It designs high-precision 3D printers, related materials, and software for producing printed circuit boards, microelectronics components, and multi-layer electronic devices, serving aerospace, defense, medical, automotive, and industrial electronics segments across global markets.

IIPR vs NNDM — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.2× larger
IIPR
$66.7M
$57.8M
NNDM
Higher net margin
IIPR
IIPR
218.8% more per $
IIPR
47.8%
-171.1%
NNDM

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
IIPR
IIPR
NNDM
NNDM
Revenue
$66.7M
$57.8M
Net Profit
$31.8M
$-98.8M
Gross Margin
43.1%
Operating Margin
47.8%
-155.1%
Net Margin
47.8%
-171.1%
Revenue YoY
-13.1%
Net Profit YoY
-20.4%
EPS (diluted)
$1.07
$-0.45

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
NNDM
NNDM
Q4 25
$66.7M
Q3 25
$64.7M
Q2 25
$62.9M
Q1 25
$71.7M
Q4 24
$76.7M
$57.8M
Q3 24
$76.5M
Q2 24
$79.8M
$28.4M
Q1 24
$75.5M
Net Profit
IIPR
IIPR
NNDM
NNDM
Q4 25
$31.8M
Q3 25
$29.3M
Q2 25
$26.0M
Q1 25
$31.1M
Q4 24
$40.0M
$-98.8M
Q3 24
$40.2M
Q2 24
$42.0M
$-79.2M
Q1 24
$39.4M
Gross Margin
IIPR
IIPR
NNDM
NNDM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
43.1%
Q3 24
Q2 24
45.8%
Q1 24
Operating Margin
IIPR
IIPR
NNDM
NNDM
Q4 25
47.8%
Q3 25
45.5%
Q2 25
45.9%
Q1 25
47.4%
Q4 24
54.7%
-155.1%
Q3 24
54.8%
Q2 24
53.1%
Q1 24
55.7%
Net Margin
IIPR
IIPR
NNDM
NNDM
Q4 25
47.8%
Q3 25
45.3%
Q2 25
41.4%
Q1 25
43.3%
Q4 24
52.2%
-171.1%
Q3 24
52.6%
Q2 24
52.6%
-279.4%
Q1 24
52.3%
EPS (diluted)
IIPR
IIPR
NNDM
NNDM
Q4 25
$1.07
Q3 25
$0.97
Q2 25
$0.86
Q1 25
$1.03
Q4 24
$1.35
$-0.45
Q3 24
$1.37
Q2 24
$1.44
$-0.35
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
NNDM
NNDM
Cash + ST InvestmentsLiquidity on hand
$47.6M
$317.2M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$1.8B
$860.0M
Total Assets
$2.4B
$902.5M
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IIPR
IIPR
NNDM
NNDM
Q4 25
$47.6M
Q3 25
$41.9M
Q2 25
$104.9M
Q1 25
$133.3M
Q4 24
$151.2M
$317.2M
Q3 24
$172.4M
Q2 24
$160.9M
$231.8M
Q1 24
$173.5M
Total Debt
IIPR
IIPR
NNDM
NNDM
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IIPR
IIPR
NNDM
NNDM
Q4 25
$1.8B
Q3 25
$1.9B
Q2 25
$1.9B
Q1 25
$1.9B
Q4 24
$1.9B
$860.0M
Q3 24
$1.9B
Q2 24
$1.9B
$870.3M
Q1 24
$2.0B
Total Assets
IIPR
IIPR
NNDM
NNDM
Q4 25
$2.4B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.4B
Q4 24
$2.4B
$902.5M
Q3 24
$2.4B
Q2 24
$2.4B
$911.0M
Q1 24
$2.4B
Debt / Equity
IIPR
IIPR
NNDM
NNDM
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
NNDM
NNDM
Operating Cash FlowLast quarter
$198.2M
$-18.9M
Free Cash FlowOCF − Capex
$-21.1M
FCF MarginFCF / Revenue
-36.5%
Capex IntensityCapex / Revenue
3.8%
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
NNDM
NNDM
Q4 25
$198.2M
Q3 25
$45.6M
Q2 25
$48.4M
Q1 25
$54.2M
Q4 24
$258.4M
$-18.9M
Q3 24
$64.9M
Q2 24
$64.2M
$-30.7M
Q1 24
$71.6M
Free Cash Flow
IIPR
IIPR
NNDM
NNDM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-21.1M
Q3 24
Q2 24
Q1 24
FCF Margin
IIPR
IIPR
NNDM
NNDM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-36.5%
Q3 24
Q2 24
Q1 24
Capex Intensity
IIPR
IIPR
NNDM
NNDM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
3.8%
Q3 24
Q2 24
Q1 24
Cash Conversion
IIPR
IIPR
NNDM
NNDM
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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