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Side-by-side financial comparison of INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) and Xperi Inc. (XPER). Click either name above to swap in a different company.

Xperi Inc. is the larger business by last-quarter revenue ($116.5M vs $66.7M, roughly 1.7× INNOVATIVE INDUSTRIAL PROPERTIES INC). INNOVATIVE INDUSTRIAL PROPERTIES INC runs the higher net margin — 47.8% vs -14.7%, a 62.4% gap on every dollar of revenue. On growth, Xperi Inc. posted the faster year-over-year revenue change (-4.8% vs -13.1%). Over the past eight quarters, Xperi Inc.'s revenue compounded faster (-1.0% 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. ...

Xperi Inc. is an American multinational technology company headquartered in San Jose, California, that develops software for consumer electronics and connected cars, as well as media platforms for video service over broadband. The company is organized into four business units: Pay TV, Consumer Electronics, Connected Car, and Media Platform. Xperi's brands include DTS, HD Radio, and TiVo.

IIPR vs XPER — Head-to-Head

Bigger by revenue
XPER
XPER
1.7× larger
XPER
$116.5M
$66.7M
IIPR
Growing faster (revenue YoY)
XPER
XPER
+8.4% gap
XPER
-4.8%
-13.1%
IIPR
Higher net margin
IIPR
IIPR
62.4% more per $
IIPR
47.8%
-14.7%
XPER
Faster 2-yr revenue CAGR
XPER
XPER
Annualised
XPER
-1.0%
-6.0%
IIPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IIPR
IIPR
XPER
XPER
Revenue
$66.7M
$116.5M
Net Profit
$31.8M
$-17.1M
Gross Margin
Operating Margin
47.8%
-12.7%
Net Margin
47.8%
-14.7%
Revenue YoY
-13.1%
-4.8%
Net Profit YoY
-20.4%
-137.0%
EPS (diluted)
$1.07
$-0.37

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
XPER
XPER
Q4 25
$66.7M
$116.5M
Q3 25
$64.7M
$111.6M
Q2 25
$62.9M
$105.9M
Q1 25
$71.7M
$114.0M
Q4 24
$76.7M
$122.4M
Q3 24
$76.5M
$132.9M
Q2 24
$79.8M
$119.6M
Q1 24
$75.5M
$118.8M
Net Profit
IIPR
IIPR
XPER
XPER
Q4 25
$31.8M
$-17.1M
Q3 25
$29.3M
$-6.1M
Q2 25
$26.0M
$-14.8M
Q1 25
$31.1M
$-18.4M
Q4 24
$40.0M
$46.2M
Q3 24
$40.2M
$-16.8M
Q2 24
$42.0M
$-30.3M
Q1 24
$39.4M
$-13.1M
Operating Margin
IIPR
IIPR
XPER
XPER
Q4 25
47.8%
-12.7%
Q3 25
45.5%
-1.2%
Q2 25
45.9%
-10.5%
Q1 25
47.4%
-14.4%
Q4 24
54.7%
-11.7%
Q3 24
54.8%
-14.0%
Q2 24
53.1%
-18.3%
Q1 24
55.7%
-27.2%
Net Margin
IIPR
IIPR
XPER
XPER
Q4 25
47.8%
-14.7%
Q3 25
45.3%
-5.5%
Q2 25
41.4%
-14.0%
Q1 25
43.3%
-16.1%
Q4 24
52.2%
37.8%
Q3 24
52.6%
-12.6%
Q2 24
52.6%
-25.3%
Q1 24
52.3%
-11.0%
EPS (diluted)
IIPR
IIPR
XPER
XPER
Q4 25
$1.07
$-0.37
Q3 25
$0.97
$-0.13
Q2 25
$0.86
$-0.32
Q1 25
$1.03
$-0.41
Q4 24
$1.35
$1.02
Q3 24
$1.37
$-0.37
Q2 24
$1.44
$-0.67
Q1 24
$1.36
$-0.29

Balance Sheet & Financial Strength

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

Metric
IIPR
IIPR
XPER
XPER
Cash + ST InvestmentsLiquidity on hand
$47.6M
$96.8M
Total DebtLower is stronger
$393.7M
$27.7M
Stockholders' EquityBook value
$1.8B
$414.1M
Total Assets
$2.4B
$615.8M
Debt / EquityLower = less leverage
0.21×
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IIPR
IIPR
XPER
XPER
Q4 25
$47.6M
$96.8M
Q3 25
$41.9M
$96.8M
Q2 25
$104.9M
$95.1M
Q1 25
$133.3M
$88.0M
Q4 24
$151.2M
$130.6M
Q3 24
$172.4M
$72.7M
Q2 24
$160.9M
$92.5M
Q1 24
$173.5M
$95.2M
Total Debt
IIPR
IIPR
XPER
XPER
Q4 25
$393.7M
$27.7M
Q3 25
$27.7M
Q2 25
$27.7M
Q1 25
$27.7M
Q4 24
$27.7M
Q3 24
$27.7M
Q2 24
$27.7M
Q1 24
$27.7M
Stockholders' Equity
IIPR
IIPR
XPER
XPER
Q4 25
$1.8B
$414.1M
Q3 25
$1.9B
$421.0M
Q2 25
$1.9B
$419.8M
Q1 25
$1.9B
$418.9M
Q4 24
$1.9B
$429.1M
Q3 24
$1.9B
$377.4M
Q2 24
$1.9B
$388.7M
Q1 24
$2.0B
$399.1M
Total Assets
IIPR
IIPR
XPER
XPER
Q4 25
$2.4B
$615.8M
Q3 25
$2.3B
$628.8M
Q2 25
$2.3B
$629.2M
Q1 25
$2.4B
$633.5M
Q4 24
$2.4B
$667.8M
Q3 24
$2.4B
$616.2M
Q2 24
$2.4B
$619.2M
Q1 24
$2.4B
$630.4M
Debt / Equity
IIPR
IIPR
XPER
XPER
Q4 25
0.21×
0.07×
Q3 25
0.07×
Q2 25
0.07×
Q1 25
0.07×
Q4 24
0.06×
Q3 24
0.07×
Q2 24
0.07×
Q1 24
0.07×

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
XPER
XPER
Operating Cash FlowLast quarter
$198.2M
$4.1M
Free Cash FlowOCF − Capex
$1.2M
FCF MarginFCF / Revenue
1.0%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
6.22×
TTM Free Cash FlowTrailing 4 quarters
$-5.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IIPR
IIPR
XPER
XPER
Q4 25
$198.2M
$4.1M
Q3 25
$45.6M
$7.5M
Q2 25
$48.4M
$10.1M
Q1 25
$54.2M
$-22.3M
Q4 24
$258.4M
$1.2M
Q3 24
$64.9M
$-4.6M
Q2 24
$64.2M
$-2.1M
Q1 24
$71.6M
$-49.8M
Free Cash Flow
IIPR
IIPR
XPER
XPER
Q4 25
$1.2M
Q3 25
$6.7M
Q2 25
$9.5M
Q1 25
$-23.3M
Q4 24
$-510.0K
Q3 24
$-5.6M
Q2 24
$-2.6M
Q1 24
$-51.6M
FCF Margin
IIPR
IIPR
XPER
XPER
Q4 25
1.0%
Q3 25
6.0%
Q2 25
9.0%
Q1 25
-20.5%
Q4 24
-0.4%
Q3 24
-4.2%
Q2 24
-2.2%
Q1 24
-43.4%
Capex Intensity
IIPR
IIPR
XPER
XPER
Q4 25
2.5%
Q3 25
0.7%
Q2 25
0.5%
Q1 25
0.9%
Q4 24
1.4%
Q3 24
0.8%
Q2 24
0.4%
Q1 24
1.6%
Cash Conversion
IIPR
IIPR
XPER
XPER
Q4 25
6.22×
Q3 25
1.56×
Q2 25
1.86×
Q1 25
1.75×
Q4 24
6.46×
0.03×
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.

Revenue Breakdown by Segment

IIPR
IIPR

Segment breakdown not available.

XPER
XPER

Pay TV$56.2M48%
Connected Car$31.3M27%
Consumer Electronics$17.2M15%
Media Platform$11.8M10%

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