vs

Side-by-side financial comparison of INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) and UNIVEST FINANCIAL Corp (UVSP). Click either name above to swap in a different company.

UNIVEST FINANCIAL Corp is the larger business by last-quarter revenue ($87.5M vs $66.7M, roughly 1.3× INNOVATIVE INDUSTRIAL PROPERTIES INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs 31.0%, a 16.8% gap on every dollar of revenue. Over the past eight quarters, UNIVEST FINANCIAL Corp's revenue compounded faster (10.2% 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. ...

Univest Financial Corp is a U.S. regional financial services holding company based in Pennsylvania. It offers banking, wealth management, insurance, and lending solutions for individual consumers, SMEs, and institutional clients across its Mid-Atlantic operating regions.

IIPR vs UVSP — Head-to-Head

Bigger by revenue
UVSP
UVSP
1.3× larger
UVSP
$87.5M
$66.7M
IIPR
Higher net margin
IIPR
IIPR
16.8% more per $
IIPR
47.8%
31.0%
UVSP
Faster 2-yr revenue CAGR
UVSP
UVSP
Annualised
UVSP
10.2%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IIPR
IIPR
UVSP
UVSP
Revenue
$66.7M
$87.5M
Net Profit
$31.8M
$27.1M
Gross Margin
Operating Margin
47.8%
Net Margin
47.8%
31.0%
Revenue YoY
-13.1%
Net Profit YoY
-20.4%
EPS (diluted)
$1.07
$0.96

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
UVSP
UVSP
Q1 26
$87.5M
Q4 25
$66.7M
$84.6M
Q3 25
$64.7M
$83.2M
Q2 25
$62.9M
$81.0M
Q1 25
$71.7M
$79.2M
Q4 24
$76.7M
$76.8M
Q3 24
$76.5M
$73.4M
Q2 24
$79.8M
$72.0M
Net Profit
IIPR
IIPR
UVSP
UVSP
Q1 26
$27.1M
Q4 25
$31.8M
$22.7M
Q3 25
$29.3M
$25.6M
Q2 25
$26.0M
$20.0M
Q1 25
$31.1M
$22.4M
Q4 24
$40.0M
$18.9M
Q3 24
$40.2M
$18.6M
Q2 24
$42.0M
$18.1M
Operating Margin
IIPR
IIPR
UVSP
UVSP
Q1 26
Q4 25
47.8%
34.0%
Q3 25
45.5%
38.5%
Q2 25
45.9%
30.9%
Q1 25
47.4%
34.8%
Q4 24
54.7%
30.9%
Q3 24
54.8%
31.9%
Q2 24
53.1%
31.4%
Net Margin
IIPR
IIPR
UVSP
UVSP
Q1 26
31.0%
Q4 25
47.8%
26.9%
Q3 25
45.3%
30.8%
Q2 25
41.4%
24.7%
Q1 25
43.3%
28.3%
Q4 24
52.2%
24.7%
Q3 24
52.6%
25.3%
Q2 24
52.6%
25.1%
EPS (diluted)
IIPR
IIPR
UVSP
UVSP
Q1 26
$0.96
Q4 25
$1.07
$0.78
Q3 25
$0.97
$0.89
Q2 25
$0.86
$0.69
Q1 25
$1.03
$0.77
Q4 24
$1.35
$0.64
Q3 24
$1.37
$0.63
Q2 24
$1.44
$0.62

Balance Sheet & Financial Strength

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

Metric
IIPR
IIPR
UVSP
UVSP
Cash + ST InvestmentsLiquidity on hand
$47.6M
$222.4M
Total DebtLower is stronger
$393.7M
$201.2M
Stockholders' EquityBook value
$1.8B
$952.0M
Total Assets
$2.4B
$8.1B
Debt / EquityLower = less leverage
0.21×
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IIPR
IIPR
UVSP
UVSP
Q1 26
$222.4M
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
Total Debt
IIPR
IIPR
UVSP
UVSP
Q1 26
$201.2M
Q4 25
$393.7M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
IIPR
IIPR
UVSP
UVSP
Q1 26
$952.0M
Q4 25
$1.8B
$943.3M
Q3 25
$1.9B
$933.2M
Q2 25
$1.9B
$916.7M
Q1 25
$1.9B
$903.5M
Q4 24
$1.9B
$887.3M
Q3 24
$1.9B
$877.1M
Q2 24
$1.9B
$854.1M
Total Assets
IIPR
IIPR
UVSP
UVSP
Q1 26
$8.1B
Q4 25
$2.4B
$8.4B
Q3 25
$2.3B
$8.6B
Q2 25
$2.3B
$7.9B
Q1 25
$2.4B
$8.0B
Q4 24
$2.4B
$8.1B
Q3 24
$2.4B
$8.2B
Q2 24
$2.4B
$7.9B
Debt / Equity
IIPR
IIPR
UVSP
UVSP
Q1 26
0.21×
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
UVSP
UVSP
Operating Cash FlowLast quarter
$198.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
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
UVSP
UVSP
Q1 26
Q4 25
$198.2M
$101.5M
Q3 25
$45.6M
$32.0M
Q2 25
$48.4M
$23.3M
Q1 25
$54.2M
$15.6M
Q4 24
$258.4M
$75.1M
Q3 24
$64.9M
$38.9M
Q2 24
$64.2M
$-3.4M
Free Cash Flow
IIPR
IIPR
UVSP
UVSP
Q1 26
Q4 25
$96.9M
Q3 25
$31.4M
Q2 25
$21.9M
Q1 25
$13.7M
Q4 24
$72.0M
Q3 24
$38.3M
Q2 24
$-4.2M
FCF Margin
IIPR
IIPR
UVSP
UVSP
Q1 26
Q4 25
114.6%
Q3 25
37.7%
Q2 25
27.0%
Q1 25
17.2%
Q4 24
93.8%
Q3 24
52.2%
Q2 24
-5.9%
Capex Intensity
IIPR
IIPR
UVSP
UVSP
Q1 26
Q4 25
5.4%
Q3 25
0.7%
Q2 25
1.7%
Q1 25
2.5%
Q4 24
4.0%
Q3 24
0.8%
Q2 24
1.1%
Cash Conversion
IIPR
IIPR
UVSP
UVSP
Q1 26
Q4 25
6.22×
4.46×
Q3 25
1.56×
1.25×
Q2 25
1.86×
1.16×
Q1 25
1.75×
0.70×
Q4 24
6.46×
3.97×
Q3 24
1.61×
2.09×
Q2 24
1.53×
-0.19×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IIPR
IIPR

Segment breakdown not available.

UVSP
UVSP

Net Interest Income$63.4M72%
Noninterest Income$24.1M28%

Related Comparisons