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Side-by-side financial comparison of INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) and SOUTHSIDE BANCSHARES INC (SBSI). 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 $62.8M, roughly 1.1× SOUTHSIDE BANCSHARES INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 33.4%, a 14.4% gap on every dollar of revenue. On growth, SOUTHSIDE BANCSHARES INC posted the faster year-over-year revenue change (-4.8% vs -13.1%). Over the past eight quarters, SOUTHSIDE BANCSHARES INC's revenue compounded faster (-0.2% 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. ...

Southside Bancshares Inc. is a U.S.-based bank holding company primarily operating in Texas. It offers a full range of personal and commercial banking services including deposit accounts, mortgage, consumer and commercial loans, and wealth management solutions, serving retail customers, small and medium-sized enterprises and local community groups.

IIPR vs SBSI — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.1× larger
IIPR
$66.7M
$62.8M
SBSI
Growing faster (revenue YoY)
SBSI
SBSI
+8.4% gap
SBSI
-4.8%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
14.4% more per $
IIPR
47.8%
33.4%
SBSI
Faster 2-yr revenue CAGR
SBSI
SBSI
Annualised
SBSI
-0.2%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IIPR
IIPR
SBSI
SBSI
Revenue
$66.7M
$62.8M
Net Profit
$31.8M
$21.0M
Gross Margin
Operating Margin
47.8%
39.4%
Net Margin
47.8%
33.4%
Revenue YoY
-13.1%
-4.8%
Net Profit YoY
-20.4%
-3.7%
EPS (diluted)
$1.07
$0.70

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
SBSI
SBSI
Q4 25
$66.7M
$62.8M
Q3 25
$64.7M
$43.7M
Q2 25
$62.9M
$66.4M
Q1 25
$71.7M
$64.1M
Q4 24
$76.7M
$66.0M
Q3 24
$76.5M
$63.6M
Q2 24
$79.8M
$65.2M
Q1 24
$75.5M
$63.1M
Net Profit
IIPR
IIPR
SBSI
SBSI
Q4 25
$31.8M
$21.0M
Q3 25
$29.3M
$4.9M
Q2 25
$26.0M
$21.8M
Q1 25
$31.1M
$21.5M
Q4 24
$40.0M
$21.8M
Q3 24
$40.2M
$20.5M
Q2 24
$42.0M
$24.7M
Q1 24
$39.4M
$21.5M
Operating Margin
IIPR
IIPR
SBSI
SBSI
Q4 25
47.8%
39.4%
Q3 25
45.5%
11.7%
Q2 25
45.9%
40.0%
Q1 25
47.4%
40.9%
Q4 24
54.7%
40.1%
Q3 24
54.8%
39.2%
Q2 24
53.1%
45.9%
Q1 24
55.7%
41.4%
Net Margin
IIPR
IIPR
SBSI
SBSI
Q4 25
47.8%
33.4%
Q3 25
45.3%
11.2%
Q2 25
41.4%
32.8%
Q1 25
43.3%
33.6%
Q4 24
52.2%
33.0%
Q3 24
52.6%
32.3%
Q2 24
52.6%
37.9%
Q1 24
52.3%
34.1%
EPS (diluted)
IIPR
IIPR
SBSI
SBSI
Q4 25
$1.07
$0.70
Q3 25
$0.97
$0.16
Q2 25
$0.86
$0.72
Q1 25
$1.03
$0.71
Q4 24
$1.35
$0.71
Q3 24
$1.37
$0.68
Q2 24
$1.44
$0.81
Q1 24
$1.36
$0.71

Balance Sheet & Financial Strength

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

Metric
IIPR
IIPR
SBSI
SBSI
Cash + ST InvestmentsLiquidity on hand
$47.6M
$389.8M
Total DebtLower is stronger
$393.7M
$300.0M
Stockholders' EquityBook value
$1.8B
$847.6M
Total Assets
$2.4B
$8.5B
Debt / EquityLower = less leverage
0.21×
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IIPR
IIPR
SBSI
SBSI
Q4 25
$47.6M
$389.8M
Q3 25
$41.9M
$466.9M
Q2 25
$104.9M
$390.1M
Q1 25
$133.3M
$431.0M
Q4 24
$151.2M
$426.2M
Q3 24
$172.4M
$486.3M
Q2 24
$160.9M
$452.0M
Q1 24
$173.5M
$469.4M
Total Debt
IIPR
IIPR
SBSI
SBSI
Q4 25
$393.7M
$300.0M
Q3 25
$299.9M
Q2 25
$152.4M
Q1 25
$152.4M
Q4 24
$152.3M
Q3 24
$152.3M
Q2 24
$152.2M
Q1 24
$154.2M
Stockholders' Equity
IIPR
IIPR
SBSI
SBSI
Q4 25
$1.8B
$847.6M
Q3 25
$1.9B
$834.9M
Q2 25
$1.9B
$807.2M
Q1 25
$1.9B
$816.6M
Q4 24
$1.9B
$811.9M
Q3 24
$1.9B
$805.3M
Q2 24
$1.9B
$801.0M
Q1 24
$2.0B
$787.9M
Total Assets
IIPR
IIPR
SBSI
SBSI
Q4 25
$2.4B
$8.5B
Q3 25
$2.3B
$8.4B
Q2 25
$2.3B
$8.3B
Q1 25
$2.4B
$8.3B
Q4 24
$2.4B
$8.5B
Q3 24
$2.4B
$8.4B
Q2 24
$2.4B
$8.4B
Q1 24
$2.4B
$8.4B
Debt / Equity
IIPR
IIPR
SBSI
SBSI
Q4 25
0.21×
0.35×
Q3 25
0.36×
Q2 25
0.19×
Q1 25
0.19×
Q4 24
0.19×
Q3 24
0.19×
Q2 24
0.19×
Q1 24
0.20×

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
SBSI
SBSI
Operating Cash FlowLast quarter
$198.2M
$93.8M
Free Cash FlowOCF − Capex
$73.5M
FCF MarginFCF / Revenue
117.0%
Capex IntensityCapex / Revenue
32.4%
Cash ConversionOCF / Net Profit
6.22×
4.47×
TTM Free Cash FlowTrailing 4 quarters
$130.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IIPR
IIPR
SBSI
SBSI
Q4 25
$198.2M
$93.8M
Q3 25
$45.6M
$40.2M
Q2 25
$48.4M
$5.9M
Q1 25
$54.2M
$23.9M
Q4 24
$258.4M
$101.8M
Q3 24
$64.9M
$-11.7M
Q2 24
$64.2M
$16.5M
Q1 24
$71.6M
$58.3M
Free Cash Flow
IIPR
IIPR
SBSI
SBSI
Q4 25
$73.5M
Q3 25
$37.4M
Q2 25
$-2.0M
Q1 25
$21.5M
Q4 24
$90.7M
Q3 24
$-14.2M
Q2 24
$15.4M
Q1 24
$55.7M
FCF Margin
IIPR
IIPR
SBSI
SBSI
Q4 25
117.0%
Q3 25
85.5%
Q2 25
-3.0%
Q1 25
33.6%
Q4 24
137.4%
Q3 24
-22.3%
Q2 24
23.6%
Q1 24
88.4%
Capex Intensity
IIPR
IIPR
SBSI
SBSI
Q4 25
32.4%
Q3 25
6.5%
Q2 25
12.0%
Q1 25
3.8%
Q4 24
16.9%
Q3 24
3.8%
Q2 24
1.7%
Q1 24
4.1%
Cash Conversion
IIPR
IIPR
SBSI
SBSI
Q4 25
6.22×
4.47×
Q3 25
1.56×
8.18×
Q2 25
1.86×
0.27×
Q1 25
1.75×
1.11×
Q4 24
6.46×
4.67×
Q3 24
1.61×
-0.57×
Q2 24
1.53×
0.67×
Q1 24
1.82×
2.71×

Financial Flow Comparison

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

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