IIPR Innovative Industrial Properties, Inc. Common Stock
$55.85
Price · Aug 19, 2026
Fundamentals as of Aug 4, 2026
52W Range
$45–$65
54% of range
Analyst Rating
HOLD
11 analysts
Price Target
$63
+13% upside
P/E (TTM)
14.2
ROE
6.3%
Net Profit Margin
44.5%
IIPR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$55.85
Market Cap
$1.57B
P/E (TTM)
14.2
EPS (TTM)
$3.93
Revenue (TTM)
$266M
Div Yield
13.8%
ROE
6.3%
Debt/Equity
—
52W Range
$45 – $65
IIPR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$266M
2017-12-31
→
2025-12-31
EPS
$3.93
2017-12-31
→
2025-12-31
Free Cash Flow
—
Margins
44.5%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
IIPR
Peer Median
P/E (TTM)
14.2
30.8
P/S (TTM)
5.9
9.5
P/B
0.8
1.5
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
IIPR
Peer Median
Operating Margin
46.7%
—
Net Profit Margin
44.5%
34.0%
ROA
5.0%
3.6%
ROE
6.3%
6.7%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
IIPR
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
IIPR
Peer Median
Revenue YoY
-13.8%
—
Revenue CAGR 3Y
-1.3%
—
Revenue CAGR 5Y
17.9%
—
EPS YoY
-28.8%
—
Net Income YoY
-26.9%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
IIPR
Peer Median
Payout Ratio
182.9%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
13.8%
Payout Ratio
182.9%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 30, 2026 | $1.9000 |
| March 31, 2026 | $1.9000 |
| Dec. 31, 2025 | $1.9000 |
| Sept. 30, 2025 | $1.9000 |
| June 30, 2025 | $1.9000 |
| March 31, 2025 | $1.9000 |
| Dec. 31, 2024 | $1.9000 |
| Sept. 30, 2024 | $1.9000 |
| June 28, 2024 | $1.9000 |
| March 27, 2024 | $1.8200 |
| Dec. 28, 2023 | $1.8200 |
| Sept. 28, 2023 | $1.8000 |
| June 29, 2023 | $1.8000 |
| March 30, 2023 | $1.8000 |
| Dec. 29, 2022 | $1.8000 |
| Sept. 29, 2022 | $1.8000 |
| June 29, 2022 | $1.7500 |
| March 30, 2022 | $1.7500 |
| Dec. 30, 2021 | $1.5000 |
| Sept. 29, 2021 | $1.5000 |
IIPR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
HOLD
11 analysts
- Strong Buy 0 0.0%
- Buy 1 9.1%
- Hold 6 54.5%
- Sell 2 18.2%
- Strong Sell 2 18.2%
12-Month Price Target
4 analysts · 2026-08-14
Median
$56.00
Mean
$63.25
Now
$55.85
Low
$51.00
High
$90.00
Median target
$56.00
+0.3%
Mean target
$63.25
+13.2%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.02%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.36 | $1.01 | 0.35% |
| March 31, 2026 | $1.02 | $1.09 | -0.07% |
| Dec. 31, 2025 | $1.06 | $1.03 | 0.03% |
| Sept. 30, 2025 | $0.97 | $0.90 | 0.07% |
| June 30, 2025 | $0.86 | $1.10 | -0.24% |
| March 31, 2025 | $1.18 | $1.21 | -0.03% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| IIPR | $1.33B | 12.1 | -13.8% | 44.5% | 6.3% | — |
| REXR | $8.97B | 45.0 | 7.1% | 21.1% | 2.5% | — |
| TRNO | $6.08B | 15.0 | 24.5% | 84.6% | 10.0% | — |
| STAG | $7.02B | — | 10.1% | 32.4% | 7.8% | — |
| COLD | $3.66B | -32.1 | -2.4% | -4.4% | -3.7% | — |
| LXP | $2.93B | 27.2 | -2.3% | 32.3% | 5.5% | — |
| ILPT | $369M | -5.5 | — | — | -12.6% | — |
| OLP | $424M | 17.6 | — | — | 8.4% | — |
| PLD | $118.62B | 35.9 | 7.2% | 37.9% | 6.2% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $266M | $309M | $310M | $276M | $205M | $117M | $45M | $15M | $6M | |
| SG&A Expense | $34M | $37M | $43M | $39M | $23M | $14M | $10M | $6M | $5M | |
| Operating Expenses | $142M | $137M | $135M | $110M | $69M | $47M | $20M | $9M | $7M | |
| Operating Income | $124M | $168M | $175M | $170M | $135M | $70M | $25M | $5M | $-223.0K | |
| Interest Expense | · | · | $17M | $18M | $18M | $7M | $6M | $0 | $0 | |
| Interest Income | · | $11M | $8M | $3M | · | · | · | · | $151.0K | |
| Net Income | $118M | $162M | $166M | $154M | $114M | $66M | $23M | $7M | $-72.0K | |
| EPS (Basic) | $3.98 | $5.58 | $5.82 | $5.57 | $4.69 | $3.28 | $2.06 | $0.76 | $-0.13 | |
| EPS (Diluted) | $3.93 | $5.52 | $5.77 | $5.52 | $4.55 | $3.27 | $2.03 | $0.75 | $-0.13 | |
| Shares (Basic) | 28,005,228 | 28,226,402 | 27,977,807 | 27,345,047 | 23,903,017 | 19,443,602 | 10,546,016 | 7,138,952 | 3,375,284 | |
| Shares (Diluted) | 28,377,227 | 28,530,650 | 28,255,797 | 27,663,169 | 26,261,155 | 19,557,619 | 10,684,068 | 7,285,801 | 3,375,284 | |
| EBITDA | $198M | $239M | · | $231M | $177M | $98M | · | $8M | $692.0K |
Balance Sheet 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $48M | $146M | $140M | $87M | $81M | $126M | $82M | $13M | $12M | |
| Short-term Investments | $0 | $5M | $22M | $201M | $325M | $619M | $120M | $120M | $0 | |
| Intangibles | $6M | $7M | $8M | · | · | · | · | · | · | |
| Total Assets | $2.37B | $2.38B | $2.39B | $2.41B | $2.08B | $1.77B | $746M | $281M | $80M | |
| Total Liabilities | $523M | $442M | $438M | $453M | $473M | $243M | $198M | $17M | $6M | |
| Long-term Debt | $394M | · | · | · | · | · | $135M | · | · | |
| Common Stock | $28.0K | $28.0K | $28.0K | $28.0K | $26.0K | $24.0K | $13.0K | $10.0K | $4.0K | |
| Retained Earnings | · | · | · | · | · | · | · | $0 | $-4M | |
| Stockholders' Equity | $1.85B | $1.94B | $1.95B | $1.96B | $1.61B | $1.52B | $548M | $264M | $74M | |
| Liabilities + Equity | $2.37B | $2.38B | $2.39B | $2.41B | $2.08B | $1.77B | $746M | $281M | $80M | |
| Shares Outstanding | 28,022,975 | 28,331,833 | 28,140,891 | 27,972,830 | 25,612,541 | 23,936,928 | 12,637,043 | 9,775,800 | 3,501,147 |
Cash Flow 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $74M | $71M | $67M | $61M | $42M | $28M | $9M | $3M | $915.0K | |
| Stock-based Comp | $10M | $17M | $20M | $18M | $9M | $3M | $2M | $1M | $2M | |
| Amort. of Intangibles | · | · | · | · | $33.0K | · | · | · | · | |
| Other Non-cash | $-4M | $9M | · | $934.0K | $24M | $14M | · | $5M | $2M | |
| Operating Cash Flow | $198M | $258M | $256M | $234M | $189M | $111M | $45M | $16M | $5M | |
| Investing Cash Flow | $-174M | $-56M | $-7M | $-396M | $-384M | $-1.03B | $-341M | $-199M | $-39M | |
| Net Debt Issued | $-9M | · | · | · | · | · | · | · | · | |
| Stock Issued | $0 | $12M | $10M | $352M | · | $1.00B | $286M | $193M | $0 | |
| Stock Repurchased | $20M | $0 | $0 | · | · | · | · | · | $0 | |
| Net Stock Activity | $-20M | $12M | · | $352M | · | $1.00B | · | $193M | $0 | |
| Dividends Paid | $216M | $212M | $203M | $184M | $131M | $75M | $23M | $7M | $1M | |
| Financing Cash Flow | $-123M | $-198M | $-196M | $164M | $156M | $925M | $400M | $185M | $12M | |
| Net Change in Cash | · | · | · | · | · | · | $-104M | $-1M | $21M |
Profitability 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 46.7% | 54.6% | · | 61.4% | 66.2% | 59.7% | · | 36.1% | · | |
| Net Margin | 44.5% | 52.4% | · | 55.9% | 55.7% | 56.2% | · | 47.2% | · | |
| EBITDA Margin | 74.5% | 77.5% | · | 83.6% | 86.6% | 83.6% | · | 53.9% | · | |
| ROA | 5.0% | 6.8% | · | 6.9% | 5.9% | 5.2% | · | 3.9% | -0.10% | |
| ROE | 6.3% | 8.3% | · | 7.9% | 7.3% | 4.7% | · | 3.4% | -0.11% |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | · | 9.3 | 7.5 | 9.4 | · | · | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | · |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -13.8% | -0.32% | 12.0% | 35.1% | 75.0% | · | · | · | · | |
| Revenue CAGR 3Y | -1.3% | 14.7% | 38.3% | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 17.9% | · | · | · | · | · | · | · | · | |
| EPS YoY | -28.8% | -4.3% | 4.5% | 21.3% | 39.1% | · | · | · | · | |
| EPS CAGR 3Y | -10.7% | 6.7% | 20.8% | · | · | · | · | · | · | |
| EPS CAGR 5Y | 3.8% | · | · | · | · | · | · | · | · | |
| Net Income YoY | -26.9% | -2.4% | 7.3% | 35.4% | 73.4% | · | · | · | · | |
| Net Income CAGR 3Y | -8.5% | 12.3% | 36.1% | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 12.5% | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 23.4% | · | · | · | · | · | · | · | · |
Valuation (TTM) 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $266M | $309M | $310M | $276M | $205M | $117M | $45M | $15M | $6M | |
| Net Income TTM | $118M | $162M | $166M | $154M | $114M | $66M | $23M | $7M | $-72.0K | |
| Market Cap | $1.33B | $1.89B | · | $2.84B | $6.73B | $4.38B | · | $444M | $113M | |
| P/E | 12.1 | 12.1 | 17.5 | 18.4 | 57.8 | 56.0 | 37.4 | 60.5 | -248.5 | |
| P/S | 5.0 | 6.1 | · | 10.3 | 32.9 | 37.5 | · | 30.0 | 17.6 | |
| P/B | 0.7 | 1.0 | · | 1.4 | 4.2 | 2.9 | · | 1.7 | 1.5 | |
| P / Tangible Book | 0.7 | 1.0 | 1.5 | 1.4 | 4.2 | 2.9 | · | · | · | |
| P / Cash Flow | 6.7 | 7.3 | · | 12.1 | 35.7 | 39.6 | · | 28.3 | 22.6 | |
| Dividend Yield | 16.3% | 11.2% | · | 6.5% | 1.9% | 1.7% | · | 1.5% | 0.93% | |
| Earnings Yield | 8.3% | 8.3% | 5.7% | 5.5% | 1.7% | 1.8% | 2.7% | 1.7% | -0.40% | |
| Payout Ratio | 182.9% | 131.1% | · | 119.1% | 114.9% | 114.8% | · | 95.1% | -1458.3% | |
| Annual Payout | $216M | $212M | $203M | $184M | $131M | $75M | $23M | $7M | $1M |
Income Statement 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $63M | $69M | $67M | $65M | $63M | $72M | $77M | $77M | $80M | $75M | $79M | $78M | $76M | $76M | $70M | $71M | |
| SG&A Expense | $8M | $10M | $8M | $9M | $9M | $8M | $9M | $9M | $10M | $10M | $11M | $11M | $11M | $10M | $10M | $11M | |
| Operating Expenses | $34M | $37M | $34M | $35M | $34M | $38M | $35M | $35M | $34M | $33M | $35M | $34M | $33M | $33M | $30M | $30M | |
| Operating Income | $41M | $33M | $32M | $29M | $29M | $34M | $42M | $42M | $42M | $42M | $44M | $44M | $43M | $43M | $44M | $41M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $4M | · | $4M | $4M | $5M | · | $5M | |
| Interest Income | · | · | · | · | $2M | $2M | · | $3M | $4M | $2M | · | $2M | $2M | $2M | · | · | |
| Net Income | $44M | $33M | $32M | $29M | $26M | $31M | $40M | $40M | $42M | $39M | $42M | $42M | $41M | $41M | $42M | $38M | |
| EPS (Basic) | $1.39 | $1.04 | $1.07 | $0.99 | $0.87 | $1.05 | $1.38 | $1.38 | $1.45 | $1.37 | $1.46 | $1.46 | $1.45 | $1.45 | $1.47 | $1.33 | |
| EPS (Diluted) | $1.36 | $1.02 | $1.07 | $0.97 | $0.86 | $1.03 | $1.35 | $1.37 | $1.44 | $1.36 | $1.45 | $1.45 | $1.44 | $1.43 | $1.46 | $1.32 | |
| Shares (Basic) | 28,443,143 | 27,991,910 | -56,107,294 | 27,912,881 | 27,924,092 | 28,275,549 | -56,424,023 | 28,254,565 | 28,250,843 | 28,145,017 | -55,936,461 | 27,983,004 | 27,981,517 | 27,949,747 | -54,064,335 | 27,938,568 | |
| Shares (Diluted) | 29,992,248 | 28,467,184 | -56,832,088 | 28,303,600 | 28,317,693 | 28,588,022 | -57,083,161 | 28,579,687 | 28,572,138 | 28,461,986 | -56,490,745 | 28,265,605 | 28,257,239 | 28,223,698 | -54,871,679 | 28,157,934 | |
| EBITDA | $60M | $51M | · | $48M | $47M | $52M | · | $60M | · | · | · | $61M | $60M | $60M | · | $57M |
Balance Sheet 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $205M | $89M | $48M | $37M | $100M | $128M | $146M | $147M | $121M | $154M | · | $117M | $93M | $38M | · | $77M | |
| Short-term Investments | · | · | $0 | $5M | $5M | $5M | $5M | $25M | $40M | $20M | · | $42M | $73M | $164M | · | $240M | |
| Intangibles | $6M | $6M | $6M | $7M | $7M | $7M | $7M | $8M | $8M | · | · | · | · | · | · | · | |
| Total Assets | $2.58B | $2.39B | $2.37B | $2.34B | $2.31B | $2.35B | $2.38B | $2.40B | $2.38B | $2.40B | · | $2.39B | $2.40B | $2.41B | · | $2.43B | |
| Total Liabilities | $730M | $499M | $523M | $475M | $425M | $430M | $442M | $449M | $437M | $444M | · | $441M | $443M | $455M | · | $464M | |
| Long-term Debt | · | · | $394M | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Common Stock | $28.0K | $28.0K | $28.0K | $28.0K | $28.0K | $28.0K | $28.0K | $28.0K | $28.0K | $28.0K | · | $28.0K | $28.0K | $28.0K | · | $28.0K | |
| Stockholders' Equity | $1.85B | $1.89B | $1.85B | $1.86B | $1.88B | $1.92B | $1.94B | $1.95B | $1.95B | $1.96B | $1.95B | $1.95B | $1.95B | $1.96B | $1.96B | $1.97B | |
| Liabilities + Equity | $2.58B | $2.39B | $2.37B | $2.34B | $2.31B | $2.35B | $2.38B | $2.40B | $2.38B | $2.40B | · | $2.39B | $2.40B | $2.41B | · | $2.43B | |
| Shares Outstanding | 27,571,349 | 28,314,520 | 28,022,975 | 28,022,975 | 28,017,520 | 28,378,181 | 28,331,833 | 28,331,833 | 28,331,833 | 28,328,647 | · | 28,039,830 | 28,040,054 | 28,034,999 | · | 27,973,694 |
Cash Flow 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $19M | $19M | $19M | $19M | $18M | $18M | $18M | $18M | $17M | $17M | $17M | $17M | $17M | $17M | $16M | $16M | |
| Stock-based Comp | $3M | $3M | $3M | $3M | $3M | $2M | $4M | $4M | $4M | $4M | $5M | $5M | $5M | $5M | $4M | $4M | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | $23.0K | · | · | · | · | · | · | · | |
| Other Non-cash | · | $2M | · | · | · | $3M | · | · | · | · | · | · | · | $2M | · | · | |
| Operating Cash Flow | $45M | $56M | $50M | $46M | $48M | $54M | $58M | $65M | $64M | $72M | $66M | $63M | $62M | $65M | $55M | $57M | |
| Investing Cash Flow | $-78M | $-341.0K | $-42M | $-110M | $-6M | $-17M | $-4M | $6M | $-44M | $-14M | $-789.0K | $12M | $44M | $-63M | $6M | $25M | |
| Net Debt Issued | · | $0 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Stock Issued | $35M | $9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12M | · | · | · | · | $0 | $-28.0K | |
| Stock Repurchased | $89M | $0 | $0 | $0 | $20M | $290.0K | $0 | $0 | $0 | $0 | · | · | · | · | · | · | |
| Net Stock Activity | · | $9M | · | · | · | $-290.0K | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid | $54M | $54M | $54M | $54M | $54M | $54M | $54M | $54M | $52M | $51M | $51M | $51M | $51M | $51M | $51M | $49M | |
| Financing Cash Flow | $152M | $-14M | $3M | $1M | $-71M | $-55M | $-55M | $-45M | $-52M | $-45M | $-42M | $-51M | $-51M | $-51M | $-51M | $-49M |
Profitability 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 65.5% | 47.7% | · | 45.5% | 46.0% | 47.4% | · | 54.8% | · | · | · | 56.3% | 56.8% | 57.0% | · | 58.3% | |
| Net Margin | 69.3% | 47.5% | · | 45.3% | 41.4% | 43.3% | · | 52.5% | · | · | · | 53.4% | 54.0% | 54.0% | · | 53.1% | |
| EBITDA Margin | 95.2% | 74.6% | · | 74.3% | 75.4% | 73.0% | · | 78.3% | · | · | · | 77.8% | 78.6% | 79.0% | · | 80.8% | |
| ROA | 1.8% | 1.4% | · | 1.2% | 1.1% | 1.3% | · | 1.7% | · | · | · | 1.7% | 1.7% | 1.8% | · | 1.7% | |
| ROE | 2.4% | 1.7% | · | 1.5% | 1.4% | 1.6% | · | 2.1% | · | · | · | 2.1% | 2.1% | 2.3% | · | 2.2% |
Liquidity & Solvency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | · | · | · | · | · | · | · | · | · | 10.1 | 9.7 | 9.6 | · | 9.2 |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | · | · | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $260M | $268M | · | $276M | $291M | $303M | · | $310M | $310M | $306M | · | $301M | $294M | $282M | · | $260M | |
| Net Income TTM | $132M | $119M | · | $127M | $139M | $153M | · | $163M | $164M | $163M | · | $162M | $160M | $154M | · | $143M | |
| Market Cap | $1.71B | $1.42B | · | $1.50B | $1.55B | $1.53B | · | $3.81B | · | · | · | $2.12B | $2.05B | $2.13B | · | $2.48B | |
| P/E | 14.7 | 12.9 | · | 12.7 | 11.7 | 10.4 | · | 24.0 | 19.2 | 18.2 | · | 13.4 | 13.0 | 13.8 | · | 16.8 | |
| P/S | 6.6 | 5.3 | · | 5.4 | 5.3 | 5.1 | · | 12.3 | · | · | · | 7.0 | 7.0 | 7.6 | · | 9.5 | |
| P/B | 0.9 | 0.7 | · | 0.8 | 0.8 | 0.8 | · | 2.0 | · | · | · | 1.1 | 1.0 | 1.1 | · | 1.3 | |
| P / Tangible Book | 0.9 | 0.8 | · | 0.8 | 0.8 | 0.8 | · | 2.0 | 1.6 | 1.5 | · | 1.1 | 1.0 | 1.1 | · | 1.3 | |
| P / Cash Flow | · | 25.3 | · | · | · | 28.3 | · | · | · | · | · | · | · | 33.0 | · | · | |
| Earnings Yield | 6.8% | 7.7% | · | 7.9% | 8.5% | 9.6% | · | 4.2% | 5.2% | 5.5% | · | 7.4% | 7.7% | 7.2% | · | 5.9% | |
| Payout Ratio | · | 163.9% | · | · | · | 174.6% | · | · | · | · | · | · | · | 122.9% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $266M | $309M | $310M | $276M | $205M |
| Operating Margin % | 46.7% | 54.6% | — | 61.4% | 66.2% |
| Net Income | $118M | $162M | $166M | $154M | $114M |
| Diluted EPS | $3.93 | $5.52 | $5.77 | $5.52 | $4.55 |
My Metrics Your personal watchlist — selected rows from Full Fundamentals
📊
Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Institutional owners (13F) 362 filers · $1.1B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 66 (+21 vs prior Q) | 26 (-3 vs prior Q) | 134 (+37 vs prior Q) | 65 (-28 vs prior Q) | +646K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $191,089,075 | 4,034,820 | 18.08% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $174,718,521 | 2,818,950 | 16.53% | Shares |
| STATE STREET CORP | $103,989,312 | 1,628,896 | 9.84% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $80,114,480 | 1,292,586 | 7.58% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $40,199,980 | 648,596 | 3.80% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $34,975,624 | 564,305 | 3.31% | Shares |
| Parallax Volatility Advisers, L.P. | $30,990,000 | 500,000 | 2.93% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $24,351,942 | 392,900 | 2.30% | Call option |
| DIMENSIONAL FUND ADVISORS LP | $22,609,064 | 364,780 | 2.14% | Shares |
| Point72 Asset Management, L.P. | $21,788,697 | 351,544 | 2.06% | Shares |
| GOLDMAN SACHS GROUP INC | $20,800,798 | 335,605 | 1.97% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $18,705,564 | 301,800 | 1.77% | Put option |
| CITADEL ADVISORS LLC | $13,988,886 | 225,700 | 1.32% | Call option |
| AlphaCore Capital LLC | $13,499,474 | 217,804 | 1.28% | Shares |
| D. E. Shaw & Co., Inc. | $13,353,839 | 215,454 | 1.26% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $11,793,493 | 190,279 | 1.12% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $11,782,770 | 190,106 | 1.12% | Shares |
| Bank of New York Mellon Corp | $7,827,454 | 126,290 | 0.74% | Shares |
| Public Sector Pension Investment Board | $7,107,680 | 114,677 | 0.67% | Shares |
| FIRST TRUST ADVISORS LP | $6,795,115 | 109,634 | 0.64% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $5,644,829 | 91,075 | 0.53% | Shares |
| RHUMBLINE ADVISERS | $5,077,317 | 81,919 | 0.48% | Shares |
| JPMORGAN CHASE & CO | $4,668,904 | 73,805 | 0.44% | Shares |
| TrueWealth Advisors, LLC | $4,516,179 | 72,865 | 0.43% | Shares |
| Edgestream Partners, L.P. | $4,506,256 | 72,705 | 0.43% | Shares |
| Quinn Opportunity Partners LLC | $4,121,670 | 66,500 | 0.39% | Shares |
| MML INVESTORS SERVICES, LLC | $3,978,832 | 64,195 | 0.38% | Shares |
| US BANCORP \DE\ | $3,665,373 | 59,138 | 0.35% | Shares |
| Swiss National Bank | $3,501,870 | 56,500 | 0.33% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $3,492,325 | 56,346 | 0.33% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $3,435,968 | 72,550 | 0.33% | Shares |
| CITADEL ADVISORS LLC | $3,371,712 | 54,400 | 0.32% | Put option |
| PRUDENTIAL FINANCIAL INC | $3,161,414 | 51,007 | 0.30% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $3,131,230 | 50,520 | 0.30% | Shares |
| AMERIPRISE FINANCIAL INC | $3,099,562 | 50,006 | 0.29% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $2,909,341 | 46,940 | 0.28% | Shares |
| Legal & General Group Plc | $2,733,194 | 44,098 | 0.26% | Shares |
| CITIGROUP INC | $2,724,765 | 43,962 | 0.26% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $2,678,466 | 43,215 | 0.25% | Shares |
| Quantinno Capital Management LP | $2,624,061 | 42,337 | 0.25% | Shares |
| CITADEL ADVISORS LLC | $2,557,977 | 41,271 | 0.24% | Shares |
| PICTON MAHONEY ASSET MANAGEMENT | $2,544,776 | 41,058 | 0.24% | Shares |
| Toroso Investments, LLC | $2,429,757 | 51,304 | 0.23% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $2,244,544 | 36,214 | 0.21% | Shares |
| FRANKLIN RESOURCES INC | $2,071,558 | 33,423 | 0.20% | Shares |
| MACQUARIE GROUP LTD | $2,062,075 | 33,270 | 0.20% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $2,024,730 | 32,667 | 0.19% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $2,024,577 | 32,665 | 0.19% | Shares |
| MARTINGALE ASSET MANAGEMENT L P | $2,012,491 | 32,470 | 0.19% | Shares |
| Summit Financial, LLC | $1,993,176 | 31,210 | 0.19% | Shares |
| Asset Management One Co., Ltd. | $1,977,558 | 39,425 | 0.19% | Shares |
| Engineers Gate Manager LP | $1,969,353 | 31,774 | 0.19% | Shares |
| CWA Asset Management Group, LLC | $1,900,183 | 30,658 | 0.18% | Shares |
| NISA INVESTMENT ADVISORS, LLC | $1,848,773 | 28,935 | 0.17% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $1,840,930 | 29,702 | 0.17% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,828,031 | 36,444 | 0.17% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $1,798,473 | 29,017 | 0.17% | Shares |
| WOLVERINE TRADING, LLC | $1,770,678 | 32,200 | 0.17% | Put option |
| LPL Financial LLC | $1,760,072 | 28,397 | 0.17% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $1,724,036 | 27,816 | 0.16% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,675,939 | 27,040 | 0.16% | Shares |
| BlackRock, Inc. | $1,675,195 | 27,028 | 0.16% | Shares |
| Allianz Asset Management GmbH | $1,653,069 | 26,671 | 0.16% | Shares |
| Vanguard Investments Australia, Ltd. | $1,650,589 | 26,631 | 0.16% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $1,563,755 | 25,230 | 0.15% | Shares |
| WELLS FARGO & COMPANY/MN | $1,556,566 | 25,114 | 0.15% | Shares |
| OMERS ADMINISTRATION Corp | $1,555,698 | 25,100 | 0.15% | Shares |
| North Star Investment Management Corp. | $1,552,289 | 25,045 | 0.15% | Shares |
| AMERICAN CENTURY COMPANIES INC | $1,538,777 | 24,827 | 0.15% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $1,537,290 | 24,803 | 0.15% | Shares |
| MACKENZIE FINANCIAL CORP | $1,485,785 | 23,972 | 0.14% | Shares |
| WOLVERINE TRADING, LLC | $1,451,736 | 26,400 | 0.14% | Call option |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $1,447,109 | 23,348 | 0.14% | Shares |
| TWO SIGMA INVESTMENTS, LP | $1,419,342 | 22,900 | 0.13% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,383,952 | 22,329 | 0.13% | Shares |
| UHLMANN PRICE SECURITIES, LLC | $1,374,567 | 22,177 | 0.13% | Shares |
| Corient Private Wealth LP | $1,364,461 | 22,008 | 0.13% | Shares |
| Purpose Unlimited Inc. | $1,363,560 | 22,000 | 0.13% | Shares |
| Sunbelt Securities, Inc. | $1,360,878 | 27,131 | 0.13% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $1,348,065 | 21,750 | 0.13% | Shares |
| Cetera Investment Advisers | $1,323,878 | 21,360 | 0.13% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,300,248 | 25,922 | 0.12% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $1,244,000 | 20,071 | 0.12% | Shares |
| CDC Financial, Inc. | $1,239,600 | 20,000 | 0.12% | Put option |
| Amundi | $1,179,417 | 19,029 | 0.11% | Shares |
| Coppell Advisory Solutions LLC | $1,137,474 | 200 | 0.11% | Shares |
| MetLife Investment Management, LLC | $1,091,220 | 17,606 | 0.10% | Shares |
| Invesco Ltd. | $1,085,890 | 17,520 | 0.10% | Shares |
| SummitTX Capital, L.P. | $1,071,324 | 17,285 | 0.10% | Shares |
| Moran Wealth Management, LLC | $1,057,441 | 17,061 | 0.10% | Shares |
| Holocene Advisors, LP | $944,079 | 15,232 | 0.09% | Shares |
| Cambria Investment Management, L.P. | $935,464 | 15,093 | 0.09% | Shares |
| TRUIST FINANCIAL CORP | $935,092 | 15,087 | 0.09% | Shares |
| Illinois Municipal Retirement Fund | $921,395 | 14,866 | 0.09% | Shares |
| Black Swift Group, LLC | $918,854 | 14,825 | 0.09% | Shares |
| Mitsubishi UFJ Trust & Banking Corp | $917,118 | 14,797 | 0.09% | Shares |
| MARSHALL WACE, LLP | $862,514 | 13,916 | 0.08% | Shares |
| Callan Capital, LLC | $789,173 | 14,590 | 0.07% | Shares |
| Resona Asset Management Co.,Ltd. | $787,961 | 12,475 | 0.07% | Shares |
| Louisiana State Employees Retirement System | $780,948 | 12,600 | 0.07% | Shares |
Company insiders 8 insiders · 3 officers · 5 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Paul E. Smithers | PRESIDENT, CEO AND DIRECTOR | June 19, 2026 A | 172,876 | 0 | 0 | $0 |
| David Jon Smith | CFO AND TREASURER | June 19, 2026 A | 32,801 | 0 | 0 | $0 |
| Alan D Gold | EXECUTIVE CHAIRMAN | June 19, 2026 A | 2,600 | 3 | 0 | $219,594 |
| Bruce Alan Ives | Director | June 9, 2026 A | 2,652 | 0 | 0 | $0 |
| David Gerard Boyle | Director | June 9, 2026 A | — | 0 | 0 | $0 |
| Scott Shoemaker | Director | June 9, 2026 A | — | 0 | 0 | $0 |
| HG Vora Capital Management, LLC | 10% owner | Sept. 20, 2018 S | 525,000 | 0 | 0 | $0 |
| Gary A Kreitzer | — | Oct. 15, 2025 A | 63,109 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Alan D. Gold ×3 filings | Jan. 10, 2018 | — | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 72 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| NETL · ETF Series Solutions | 4.44% | 37,612 NS | May 31, 2026 | N-PORT |
| REAI · Tidal Trust I | 3.49% | 692 NS | April 30, 2026 | N-PORT |
| IRET · Tidal Trust II | 3.27% | 1,596 NS | April 30, 2026 | N-PORT |
| RDOG · ALPS ETF Trust | 2.20% | 4,251 NS | May 31, 2026 | N-PORT |
| PPTY · ETF Series Solutions | 1.82% | 7,718 NS | May 31, 2026 | N-PORT |
| RIET · ETF Series Solutions | 1.36% | 24,605 NS | May 31, 2026 | N-PORT |
| BLDG · Cambria ETF Trust | 1.29% | 12,147 NS | April 30, 2026 | N-PORT |
| SDIV · Global X Funds | 1.14% | 268,110 NS | April 30, 2026 | N-PORT |
| GYLD · ARROW ETF TRUST | 0.75% | 4,394 NS | April 30, 2026 | N-PORT |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.64% | 21,783 NS | April 30, 2026 | N-PORT |
| AFSM · First Trust Exchange-Traded Fund VI… | 0.51% | 8,683 NS | May 31, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.31% | 69,203 NS | April 30, 2026 | N-PORT |
| GQRE · FlexShares Trust | 0.30% | 20,944 NS | April 30, 2026 | N-PORT |
| CALF · Pacer Funds Trust | 0.20% | 129,666 NS | April 30, 2026 | N-PORT |
| BBRE · J.P. Morgan Exchange-Traded Fund Tr… | 0.19% | 39,591 NS | May 31, 2026 | N-PORT |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.18% | 19,833 NS | April 30, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.15% | 312 NS | April 30, 2026 | N-PORT |
| PSC · Principal Exchange-Traded Funds | 0.14% | 51,234 NS | June 30, 2026 | N-PORT |
| ROSC · Lattice Strategies Trust | 0.13% | 1,359 NS | April 30, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.13% | 3,367 NS | April 30, 2026 | N-PORT |
| DFAR · Dimensional ETF Trust | 0.12% | 36,685 NS | April 30, 2026 | N-PORT |
| SCHH · SCHWAB STRATEGIC TRUST | 0.12% | 198,568 NS | May 31, 2026 | N-PORT |
| AVRE · AMERICAN CENTURY ETF TRUST | 0.11% | 14,795 NS | May 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.08% | 10,794 NS | April 30, 2026 | N-PORT |
| DFGR · Dimensional ETF Trust | 0.08% | 49,639 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.07% | 335 NS | May 31, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.05% | 83,973 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.05% | 12,054 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.04% | 1,308 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.03% | 133,754 NS | May 31, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.03% | 714 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.02% | 1,023 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.02% | 6,930 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.02% | 1,036 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 1,138 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.01% | 26 NS | May 31, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.00% | 815 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 15,583 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VNQ · VANGUARD SPECIALIZED FUNDS | — | — | July 15, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | — | — | July 15, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | — | — | July 15, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| IJR · iShares Trust | — | — | Aug. 10, 2026 | Daily |