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Innovative Industrial Properties (IIPR) Ratios
Innovative Industrial Properties Ratios
IIPR's free cash flow for Q2 2026 was $47.87M. For the 2026 fiscal year, IIPR's free cash flow was increased by $2.95M and operating cash flow was $44.92M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.15 | 1.27 | 1.24 | 0.71 | 0.68 |
| Quick Ratio | 0.15 | 1.27 | 1.24 | 0.71 | 0.68 |
| Cash Ratio | 0.15 | 1.10 | 1.06 | 0.58 | 0.56 |
| Solvency Ratio | 0.36 | 0.53 | 0.53 | 0.48 | 0.33 |
| Operating Cash Flow Ratio | 0.62 | 1.95 | 1.93 | 1.57 | 1.30 |
| Short-Term Operating Cash Flow Coverage | 0.62 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Current Asset Value | $ -475.26M | $ -272.94M | $ -274.42M | $ -346.35M | $ -373.57M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.17 | 0.13 | 0.13 | 0.12 | 0.16 |
| Debt-to-Equity Ratio | 0.21 | 0.15 | 0.15 | 0.15 | 0.20 |
| Debt-to-Capital Ratio | 0.18 | 0.13 | 0.13 | 0.13 | 0.17 |
| Long-Term Debt-to-Capital Ratio | 0.04 | 0.13 | 0.13 | 0.13 | 0.17 |
| Financial Leverage Ratio | 1.28 | 1.23 | 1.22 | 1.23 | 1.29 |
| Debt Service Coverage Ratio | 0.61 | 15.30 | 15.46 | 12.71 | 9.52 |
| Interest Coverage Ratio | 6.15 | 10.35 | 10.85 | 9.27 | 7.48 |
| Debt to Market Cap | 0.30 | 0.16 | 0.11 | 0.11 | 0.05 |
| Interest Debt Per Share | 14.78 | 11.13 | 11.33 | 11.69 | 14.40 |
| Net Debt to EBITDA | 1.66 | 0.61 | 0.65 | 0.92 | 1.42 |
| Profitability Margins | |||||
| Gross Profit Margin | 88.65% | 90.77% | 91.96% | 96.19% | 97.83% |
| EBIT Margin | 50.62% | 57.67% | 58.70% | 62.00% | 63.73% |
| EBITDA Margin | 78.47% | 80.62% | 80.41% | 84.18% | 84.16% |
| Operating Profit Margin | 46.67% | 54.57% | 56.41% | 61.38% | 66.18% |
| Pretax Profit Margin | 43.03% | 52.40% | 53.50% | 55.86% | 55.73% |
| Net Profit Margin | 43.03% | 52.40% | 53.50% | 55.86% | 55.73% |
| Continuous Operations Profit Margin | 43.03% | 52.40% | 53.50% | 55.86% | 55.73% |
| Net Income Per EBT | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| EBT Per EBIT | 92.20% | 96.03% | 94.85% | 91.02% | 84.21% |
| Return on Assets (ROA) | 4.83% | 6.80% | 6.93% | 6.39% | 5.47% |
| Return on Equity (ROE) | 6.19% | 8.35% | 8.48% | 7.87% | 7.07% |
| Return on Capital Employed (ROCE) | 6.05% | 7.50% | 7.73% | 7.49% | 6.98% |
| Return on Invested Capital (ROIC) | 227.86% | 7.50% | 7.73% | 7.49% | 6.98% |
| Return on Tangible Assets | 4.84% | 6.82% | 6.95% | 6.42% | 5.49% |
| Earnings Yield | 8.63% | 8.59% | 5.87% | 5.57% | 1.81% |
| Efficiency Ratios | |||||
| Receivables Turnover | 15.83 | 13.53 | 14.07 | 15.34 | 15.84 |
| Payables Turnover | 2.18 | 1.37 | 1.19 | 0.26 | 0.08 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 522.50 | 326.13 | 228.42 | 158.92 | 191.53 |
| Asset Turnover | 0.11 | 0.13 | 0.13 | 0.11 | 0.10 |
| Working Capital Turnover Ratio | -2.26 | 9.10 | -54.12 | -6.19 | -15.94 |
| Cash Conversion Cycle | -144.27 | -239.56 | -281.93 | -1363.72 | -4412.49 |
| Days of Sales Outstanding | 23.06 | 26.97 | 25.94 | 23.80 | 23.05 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 167.33 | 266.53 | 307.87 | 1387.52 | 4435.53 |
| Operating Cycle | 23.06 | 26.97 | 25.94 | 23.80 | 23.05 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 7.08 | 9.16 | 9.13 | 8.56 | 7.90 |
| Free Cash Flow Per Share | 6.24 | 9.16 | 9.13 | -5.11 | 7.90 |
| Dividend Paid and CapEx Coverage Ratio | 0.82 | 1.21 | 1.25 | 0.42 | 1.43 |
| Capital Expenditure Coverage Ratio | 8.46 | 0.00 | 0.00 | 0.63 | 0.00 |
| Operating Cash Flow Coverage Ratio | 0.50 | 0.87 | 0.85 | 0.78 | 0.58 |
| Operating Cash Flow to Sales Ratio | 0.75 | 0.84 | 0.83 | 0.85 | 0.92 |
| Free Cash Flow Yield | 13.18% | 13.74% | 9.06% | -5.04% | 3.00% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 11.90 | 11.94 | 17.03 | 17.95 | 55.13 |
| Price-to-Sales (P/S) Ratio | 4.99 | 6.10 | 9.11 | 10.03 | 30.72 |
| Price-to-Book (P/B) Ratio | 0.72 | 0.97 | 1.44 | 1.41 | 3.90 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 7.59 | 7.28 | 11.04 | -19.83 | 33.30 |
| Price-to-Operating Cash Flow Ratio | 6.69 | 7.28 | 11.04 | 11.84 | 33.30 |
| Price-to-Earnings Growth (PEG) Ratio | -0.41 | -2.90 | 3.80 | 0.96 | 1.28 |
| Enterprise Value Multiple | 8.01 | 8.17 | 11.98 | 12.83 | 37.93 |
| Enterprise Value | 1.67B | 2.03B | 2.98B | 2.99B | 6.53B |
| EV to EBITDA | 8.01 | 8.17 | 11.98 | 12.83 | 37.93 |
| EV to Sales | 6.29 | 6.59 | 9.63 | 10.80 | 31.92 |
| EV to Free Cash Flow | 9.57 | 7.86 | 11.67 | -21.37 | 34.59 |
| EV to Operating Cash Flow | 8.44 | 7.86 | 11.67 | 12.75 | 34.59 |
| Tangible Book Value Per Share | 65.76 | 68.33 | 69.51 | 71.41 | 67.04 |
| Shareholders’ Equity Per Share | 65.99 | 68.59 | 69.80 | 71.75 | 67.43 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Revenue Per Share | 9.50 | 10.93 | 11.06 | 10.11 | 8.56 |
| Net Income Per Share | 4.09 | 5.73 | 5.92 | 5.65 | 4.77 |
| Tax Burden | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Interest Burden | 0.85 | 0.91 | 0.91 | 0.90 | 0.87 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.13 | 0.12 | 0.14 | 0.14 | 0.11 |
| Stock-Based Compensation to Revenue | 0.04 | 0.06 | 0.06 | 0.06 | 0.04 |
| Income Quality | 1.73 | 1.60 | 1.54 | 1.52 | 1.66 |
Currency in USD
