Innovative Industrial Properties annual operating margin
2017
2018
2019
2020
2022
2023
2024
2025
Innovative Industrial Properties Operating Margin Growth & History (IIPR)
Innovative Industrial Properties's operating margin was 46.67% for fiscal 2025.
View full Innovative Industrial Properties company overviewInnovative Industrial Properties annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 46.67% | −7.90 pp |
| 2024 | 2024-12-31 | 54.57% | −1.84 pp |
| 2023 | 2023-12-31 | 56.41% | −4.97 pp |
| 2022 | 2022-12-31 | 61.38% | +1.72 pp |
| 2020 | 2020-12-31 | 59.66% | +3.83 pp |
| 2019 | 2019-12-31 | 55.82% | +19.72 pp |
| 2018 | 2018-12-31 | 36.10% | +39.57 pp |
| 2017 | 2017-12-31 | −3.47% | — |
Innovative Industrial Properties quarterly operating margin
Q2.17
Q3.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 65.46% | +19.51 pp |
| Q1 2026 | 2026-03-31 | 47.70% | +0.34 pp |
| Q4 2025 | 2025-12-31 | 47.78% | −6.96 pp |
| Q3 2025 | 2025-09-30 | 45.47% | −9.35 pp |
| Q2 2025 | 2025-06-30 | 45.95% | −7.12 pp |
| Q1 2025 | 2025-03-31 | 47.36% | −8.35 pp |
| Q4 2024 | 2024-12-31 | 54.74% | −0.79 pp |
| Q3 2024 | 2024-09-30 | 54.83% | −1.52 pp |
| Q2 2024 | 2024-06-30 | 53.07% | −3.72 pp |
| Q1 2024 | 2024-03-31 | 55.71% | −1.29 pp |
| Q4 2023 | 2023-12-31 | 55.53% | −7.25 pp |
| Q3 2023 | 2023-09-30 | 56.34% | −2.00 pp |
| Q2 2023 | 2023-06-30 | 56.80% | −5.81 pp |
| Q1 2023 | 2023-03-31 | 57.00% | −4.82 pp |
| Q4 2022 | 2022-12-31 | 62.79% | −4.60 pp |
| Q3 2022 | 2022-09-30 | 58.34% | −9.06 pp |
| Q2 2022 | 2022-06-30 | 62.61% | −1.93 pp |
| Q1 2022 | 2022-03-31 | 61.82% | +0.19 pp |
| Q3 2021 | 2021-09-30 | 67.39% | +7.89 pp |
| Q2 2021 | 2021-06-30 | 67.41% | +9.18 pp |
| Q1 2021 | 2021-03-31 | 64.54% | +6.43 pp |
| Q4 2020 | 2020-12-31 | 61.63% | +1.64 pp |
| Q3 2020 | 2020-09-30 | 59.50% | +0.46 pp |
| Q2 2020 | 2020-06-30 | 58.23% | +10.97 pp |
| Q1 2020 | 2020-03-31 | 58.10% | +7.68 pp |
| Q4 2019 | 2019-12-31 | 59.99% | +22.21 pp |
| Q3 2019 | 2019-09-30 | 59.03% | +19.02 pp |
| Q2 2019 | 2019-06-30 | 47.26% | +9.96 pp |
| Q1 2019 | 2019-03-31 | 50.42% | +24.22 pp |
| Q4 2018 | 2018-12-31 | 37.78% | +18.86 pp |
| Q3 2018 | 2018-09-30 | 40.02% | +76.09 pp |
| Q2 2018 | 2018-06-30 | 37.30% | — |
| Q1 2018 | 2018-03-31 | 26.19% | — |
| Q3 2017 | 2017-09-30 | 18.92% | — |
| Q2 2017 | 2017-06-30 | −36.07% | — |
Innovative Industrial Properties operating margin trends
Over the last five reported fiscal years, Innovative Industrial Properties's operating margin decreased from 55.82% to 46.67%, a change of −9.15 percentage points. The latest reported quarter, Q2 2026, shows 65.46%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Innovative Industrial Properties filings at SEC.gov ↗