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Side-by-side financial comparison of INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) and SOUTHERN MISSOURI BANCORP, INC. (SMBC). 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 $49.6M, roughly 1.3× SOUTHERN MISSOURI BANCORP, INC.). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 36.6%, a 11.2% gap on every dollar of revenue. On growth, SOUTHERN MISSOURI BANCORP, INC. posted the faster year-over-year revenue change (10.3% vs -13.1%). Over the past eight quarters, SOUTHERN MISSOURI BANCORP, INC.'s revenue compounded faster (11.3% 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. ...

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

IIPR vs SMBC — Head-to-Head

Bigger by revenue
IIPR
IIPR
1.3× larger
IIPR
$66.7M
$49.6M
SMBC
Growing faster (revenue YoY)
SMBC
SMBC
+23.4% gap
SMBC
10.3%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
11.2% more per $
IIPR
47.8%
36.6%
SMBC
Faster 2-yr revenue CAGR
SMBC
SMBC
Annualised
SMBC
11.3%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
IIPR
IIPR
SMBC
SMBC
Revenue
$66.7M
$49.6M
Net Profit
$31.8M
$18.1M
Gross Margin
Operating Margin
47.8%
45.7%
Net Margin
47.8%
36.6%
Revenue YoY
-13.1%
10.3%
Net Profit YoY
-20.4%
23.9%
EPS (diluted)
$1.07
$1.62

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
SMBC
SMBC
Q4 25
$66.7M
$49.6M
Q3 25
$64.7M
$49.0M
Q2 25
$62.9M
$47.6M
Q1 25
$71.7M
$46.1M
Q4 24
$76.7M
$45.0M
Q3 24
$76.5M
$43.8M
Q2 24
$79.8M
$42.9M
Q1 24
$75.5M
$40.1M
Net Profit
IIPR
IIPR
SMBC
SMBC
Q4 25
$31.8M
$18.1M
Q3 25
$29.3M
$15.7M
Q2 25
$26.0M
$15.8M
Q1 25
$31.1M
$15.7M
Q4 24
$40.0M
$14.7M
Q3 24
$40.2M
$12.5M
Q2 24
$42.0M
$13.5M
Q1 24
$39.4M
$11.3M
Operating Margin
IIPR
IIPR
SMBC
SMBC
Q4 25
47.8%
45.7%
Q3 25
45.5%
39.7%
Q2 25
45.9%
40.2%
Q1 25
47.4%
43.0%
Q4 24
54.7%
42.7%
Q3 24
54.8%
36.1%
Q2 24
53.1%
39.6%
Q1 24
55.7%
35.3%
Net Margin
IIPR
IIPR
SMBC
SMBC
Q4 25
47.8%
36.6%
Q3 25
45.3%
31.9%
Q2 25
41.4%
33.2%
Q1 25
43.3%
34.0%
Q4 24
52.2%
32.6%
Q3 24
52.6%
28.4%
Q2 24
52.6%
31.6%
Q1 24
52.3%
28.2%
EPS (diluted)
IIPR
IIPR
SMBC
SMBC
Q4 25
$1.07
$1.62
Q3 25
$0.97
$1.38
Q2 25
$0.86
$1.39
Q1 25
$1.03
$1.39
Q4 24
$1.35
$1.30
Q3 24
$1.37
$1.10
Q2 24
$1.44
$1.20
Q1 24
$1.36
$0.99

Balance Sheet & Financial Strength

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

Metric
IIPR
IIPR
SMBC
SMBC
Cash + ST InvestmentsLiquidity on hand
$47.6M
$134.1M
Total DebtLower is stronger
$393.7M
Stockholders' EquityBook value
$1.8B
$567.4M
Total Assets
$2.4B
$5.1B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IIPR
IIPR
SMBC
SMBC
Q4 25
$47.6M
$134.1M
Q3 25
$41.9M
$124.1M
Q2 25
$104.9M
$192.9M
Q1 25
$133.3M
$226.9M
Q4 24
$151.2M
$145.8M
Q3 24
$172.4M
$75.3M
Q2 24
$160.9M
$60.9M
Q1 24
$173.5M
$168.3M
Total Debt
IIPR
IIPR
SMBC
SMBC
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IIPR
IIPR
SMBC
SMBC
Q4 25
$1.8B
$567.4M
Q3 25
$1.9B
$560.2M
Q2 25
$1.9B
$544.7M
Q1 25
$1.9B
$528.8M
Q4 24
$1.9B
$512.4M
Q3 24
$1.9B
$505.6M
Q2 24
$1.9B
$488.7M
Q1 24
$2.0B
$479.6M
Total Assets
IIPR
IIPR
SMBC
SMBC
Q4 25
$2.4B
$5.1B
Q3 25
$2.3B
$5.0B
Q2 25
$2.3B
$5.0B
Q1 25
$2.4B
$5.0B
Q4 24
$2.4B
$4.9B
Q3 24
$2.4B
$4.7B
Q2 24
$2.4B
$4.6B
Q1 24
$2.4B
$4.6B
Debt / Equity
IIPR
IIPR
SMBC
SMBC
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
SMBC
SMBC
Operating Cash FlowLast quarter
$198.2M
$21.3M
Free Cash FlowOCF − Capex
$20.2M
FCF MarginFCF / Revenue
40.6%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
6.22×
1.17×
TTM Free Cash FlowTrailing 4 quarters
$133.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IIPR
IIPR
SMBC
SMBC
Q4 25
$198.2M
$21.3M
Q3 25
$45.6M
$16.3M
Q2 25
$48.4M
$81.6M
Q1 25
$54.2M
$24.1M
Q4 24
$258.4M
$20.1M
Q3 24
$64.9M
$10.0M
Q2 24
$64.2M
$70.3M
Q1 24
$71.6M
$23.9M
Free Cash Flow
IIPR
IIPR
SMBC
SMBC
Q4 25
$20.2M
Q3 25
$15.4M
Q2 25
$75.3M
Q1 25
$22.7M
Q4 24
$18.2M
Q3 24
$8.6M
Q2 24
$61.2M
Q1 24
$19.6M
FCF Margin
IIPR
IIPR
SMBC
SMBC
Q4 25
40.6%
Q3 25
31.4%
Q2 25
158.1%
Q1 25
49.3%
Q4 24
40.3%
Q3 24
19.5%
Q2 24
142.8%
Q1 24
48.8%
Capex Intensity
IIPR
IIPR
SMBC
SMBC
Q4 25
2.2%
Q3 25
1.8%
Q2 25
13.2%
Q1 25
3.0%
Q4 24
4.4%
Q3 24
3.3%
Q2 24
21.1%
Q1 24
10.8%
Cash Conversion
IIPR
IIPR
SMBC
SMBC
Q4 25
6.22×
1.17×
Q3 25
1.56×
1.04×
Q2 25
1.86×
5.17×
Q1 25
1.75×
1.54×
Q4 24
6.46×
1.37×
Q3 24
1.61×
0.80×
Q2 24
1.53×
5.19×
Q1 24
1.82×
2.11×

Financial Flow Comparison

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

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