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

RCM TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($86.5M vs $66.7M, roughly 1.3× INNOVATIVE INDUSTRIAL PROPERTIES INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 7.1%, a 40.7% gap on every dollar of revenue. On growth, RCM TECHNOLOGIES, INC. posted the faster year-over-year revenue change (12.4% vs -13.1%). Over the past eight quarters, RCM TECHNOLOGIES, INC.'s revenue compounded faster (9.6% 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. ...

Exela Technologies, Inc. is an American business process automation ("BPA") company. It was created with the merger of SourceHOV LCC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2.

IIPR vs RCMT — Head-to-Head

Bigger by revenue
RCMT
RCMT
1.3× larger
RCMT
$86.5M
$66.7M
IIPR
Growing faster (revenue YoY)
RCMT
RCMT
+25.6% gap
RCMT
12.4%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
40.7% more per $
IIPR
47.8%
7.1%
RCMT
Faster 2-yr revenue CAGR
RCMT
RCMT
Annualised
RCMT
9.6%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IIPR
IIPR
RCMT
RCMT
Revenue
$66.7M
$86.5M
Net Profit
$31.8M
$6.1M
Gross Margin
28.1%
Operating Margin
47.8%
9.2%
Net Margin
47.8%
7.1%
Revenue YoY
-13.1%
12.4%
Net Profit YoY
-20.4%
112.9%
EPS (diluted)
$1.07
$0.80

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
RCMT
RCMT
Q1 26
$86.5M
Q4 25
$66.7M
Q3 25
$64.7M
$70.3M
Q2 25
$62.9M
$78.2M
Q1 25
$71.7M
$84.5M
Q4 24
$76.7M
$76.9M
Q3 24
$76.5M
$60.4M
Q2 24
$79.8M
$69.2M
Net Profit
IIPR
IIPR
RCMT
RCMT
Q1 26
$6.1M
Q4 25
$31.8M
Q3 25
$29.3M
$2.3M
Q2 25
$26.0M
$3.8M
Q1 25
$31.1M
$4.2M
Q4 24
$40.0M
$2.9M
Q3 24
$40.2M
$2.7M
Q2 24
$42.0M
$3.8M
Gross Margin
IIPR
IIPR
RCMT
RCMT
Q1 26
28.1%
Q4 25
Q3 25
27.6%
Q2 25
28.5%
Q1 25
26.0%
Q4 24
28.0%
Q3 24
29.6%
Q2 24
28.9%
Operating Margin
IIPR
IIPR
RCMT
RCMT
Q1 26
9.2%
Q4 25
47.8%
Q3 25
45.5%
5.6%
Q2 25
45.9%
8.4%
Q1 25
47.4%
7.8%
Q4 24
54.7%
8.2%
Q3 24
54.8%
7.3%
Q2 24
53.1%
8.4%
Net Margin
IIPR
IIPR
RCMT
RCMT
Q1 26
7.1%
Q4 25
47.8%
Q3 25
45.3%
3.2%
Q2 25
41.4%
4.8%
Q1 25
43.3%
5.0%
Q4 24
52.2%
3.7%
Q3 24
52.6%
4.5%
Q2 24
52.6%
5.4%
EPS (diluted)
IIPR
IIPR
RCMT
RCMT
Q1 26
$0.80
Q4 25
$1.07
Q3 25
$0.97
$0.30
Q2 25
$0.86
$0.50
Q1 25
$1.03
$0.54
Q4 24
$1.35
$0.38
Q3 24
$1.37
$0.35
Q2 24
$1.44
$0.47

Balance Sheet & Financial Strength

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

Metric
IIPR
IIPR
RCMT
RCMT
Cash + ST InvestmentsLiquidity on hand
$47.6M
$2.9M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$1.8B
$46.0M
Total Assets
$2.4B
$134.4M
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IIPR
IIPR
RCMT
RCMT
Q1 26
$2.9M
Q4 25
$47.6M
Q3 25
$41.9M
$1.3M
Q2 25
$104.9M
$5.5M
Q1 25
$133.3M
$5.2M
Q4 24
$151.2M
$4.7M
Q3 24
$172.4M
$3.2M
Q2 24
$160.9M
$3.5M
Total Debt
IIPR
IIPR
RCMT
RCMT
Q1 26
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
IIPR
IIPR
RCMT
RCMT
Q1 26
$46.0M
Q4 25
$1.8B
Q3 25
$1.9B
$41.4M
Q2 25
$1.9B
$37.8M
Q1 25
$1.9B
$34.6M
Q4 24
$1.9B
$33.5M
Q3 24
$1.9B
$30.0M
Q2 24
$1.9B
$28.5M
Total Assets
IIPR
IIPR
RCMT
RCMT
Q1 26
$134.4M
Q4 25
$2.4B
Q3 25
$2.3B
$129.8M
Q2 25
$2.3B
$135.6M
Q1 25
$2.4B
$121.0M
Q4 24
$2.4B
$132.1M
Q3 24
$2.4B
$125.5M
Q2 24
$2.4B
$118.3M
Debt / Equity
IIPR
IIPR
RCMT
RCMT
Q1 26
Q4 25
0.21×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 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
RCMT
RCMT
Operating Cash FlowLast quarter
$198.2M
$19.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
6.22×
3.11×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IIPR
IIPR
RCMT
RCMT
Q1 26
$19.0M
Q4 25
$198.2M
Q3 25
$45.6M
$-1.3M
Q2 25
$48.4M
$-7.9M
Q1 25
$54.2M
$16.7M
Q4 24
$258.4M
$-1.6M
Q3 24
$64.9M
$-4.3M
Q2 24
$64.2M
$5.7M
Free Cash Flow
IIPR
IIPR
RCMT
RCMT
Q1 26
Q4 25
Q3 25
$-1.8M
Q2 25
$-8.4M
Q1 25
$16.2M
Q4 24
$-2.6M
Q3 24
$-4.9M
Q2 24
$5.3M
FCF Margin
IIPR
IIPR
RCMT
RCMT
Q1 26
Q4 25
Q3 25
-2.5%
Q2 25
-10.7%
Q1 25
19.2%
Q4 24
-3.4%
Q3 24
-8.1%
Q2 24
7.7%
Capex Intensity
IIPR
IIPR
RCMT
RCMT
Q1 26
Q4 25
Q3 25
0.7%
Q2 25
0.6%
Q1 25
0.5%
Q4 24
1.3%
Q3 24
0.9%
Q2 24
0.6%
Cash Conversion
IIPR
IIPR
RCMT
RCMT
Q1 26
3.11×
Q4 25
6.22×
Q3 25
1.56×
-0.56×
Q2 25
1.86×
-2.08×
Q1 25
1.75×
3.98×
Q4 24
6.46×
-0.57×
Q3 24
1.61×
-1.58×
Q2 24
1.53×
1.52×

Financial Flow Comparison

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

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