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Side-by-side financial comparison of BGSF, INC. (BGSF) and Net Lease Office Properties (NLOP). Click either name above to swap in a different company.
Net Lease Office Properties is the larger business by last-quarter revenue ($30.7M vs $22.0M, roughly 1.4× BGSF, INC.). Net Lease Office Properties runs the higher net margin — -0.2% vs -5.3%, a 5.1% gap on every dollar of revenue. On growth, Net Lease Office Properties posted the faster year-over-year revenue change (10.9% vs -9.4%). Over the past eight quarters, BGSF, INC.'s revenue compounded faster (-5.3% CAGR vs -16.4%).
BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.
Net Lease Office Properties is a real estate investment entity focused on acquiring, owning, and operating high-quality single-tenant net lease office assets, primarily located across the United States. It delivers stable, long-term income streams to investors through its curated portfolio of commercial real estate holdings.
BGSF vs NLOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $30.7M |
| Net Profit | $-1.2M | $-53.0K |
| Gross Margin | 35.0% | — |
| Operating Margin | -17.6% | -0.2% |
| Net Margin | -5.3% | -0.2% |
| Revenue YoY | -9.4% | 10.9% |
| Net Profit YoY | -18.2% | 99.9% |
| EPS (diluted) | $-0.12 | $-0.01 |
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.
| Q4 25 | $22.0M | $30.7M | ||
| Q3 25 | $26.9M | $29.8M | ||
| Q2 25 | $23.5M | $29.2M | ||
| Q1 25 | $20.9M | $29.2M | ||
| Q4 24 | $24.3M | $27.7M | ||
| Q3 24 | $29.8M | $31.5M | ||
| Q2 24 | $25.7M | $39.0M | ||
| Q1 24 | $24.5M | $44.0M |
| Q4 25 | $-1.2M | $-53.0K | ||
| Q3 25 | $-5.8M | $-64.2M | ||
| Q2 25 | $-3.7M | $-81.5M | ||
| Q1 25 | $-722.0K | $492.0K | ||
| Q4 24 | $-981.0K | $-35.8M | ||
| Q3 24 | $-804.0K | $-40.3M | ||
| Q2 24 | $-761.0K | $12.5M | ||
| Q1 24 | $-792.0K | $-27.8M |
| Q4 25 | 35.0% | — | ||
| Q3 25 | 35.9% | — | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 36.2% | — | ||
| Q4 24 | 35.9% | — | ||
| Q3 24 | 35.9% | — | ||
| Q2 24 | 37.3% | — | ||
| Q1 24 | 38.1% | — |
| Q4 25 | -17.6% | -0.2% | ||
| Q3 25 | -3.5% | -215.2% | ||
| Q2 25 | -18.8% | -279.1% | ||
| Q1 25 | 1.6% | 2.0% | ||
| Q4 24 | -15.7% | -140.7% | ||
| Q3 24 | -3.4% | -126.4% | ||
| Q2 24 | -5.7% | 32.3% | ||
| Q1 24 | 1.7% | -62.7% |
| Q4 25 | -5.3% | -0.2% | ||
| Q3 25 | -21.6% | -215.4% | ||
| Q2 25 | -15.9% | -279.5% | ||
| Q1 25 | -3.5% | 1.7% | ||
| Q4 24 | -4.0% | -129.0% | ||
| Q3 24 | -2.7% | -128.0% | ||
| Q2 24 | -3.0% | 31.9% | ||
| Q1 24 | -3.2% | -63.3% |
| Q4 25 | $-0.12 | $-0.01 | ||
| Q3 25 | $-0.52 | $-4.33 | ||
| Q2 25 | $-0.34 | $-5.50 | ||
| Q1 25 | $-0.06 | $0.03 | ||
| Q4 24 | — | $-2.41 | ||
| Q3 24 | $-0.07 | $-2.73 | ||
| Q2 24 | $-0.07 | $0.84 | ||
| Q1 24 | — | $-1.88 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $119.6M |
| Total DebtLower is stronger | — | $21.9M |
| Stockholders' EquityBook value | $48.1M | $293.9M |
| Total Assets | $57.8M | $453.4M |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $119.6M | ||
| Q3 25 | $41.2M | $38.7M | ||
| Q2 25 | $2.8M | $54.1M | ||
| Q1 25 | $2.0M | $28.2M | ||
| Q4 24 | $32.0K | $25.1M | ||
| Q3 24 | $262 | $36.1M | ||
| Q2 24 | $226 | $36.1M | ||
| Q1 24 | $50 | $39.8M |
| Q4 25 | — | $21.9M | ||
| Q3 25 | — | $47.1M | ||
| Q2 25 | — | $117.2M | ||
| Q1 25 | — | $148.5M | ||
| Q4 24 | — | $169.2M | ||
| Q3 24 | — | $239.4M | ||
| Q2 24 | — | $327.4M | ||
| Q1 24 | — | $515.2M |
| Q4 25 | $48.1M | $293.9M | ||
| Q3 25 | $50.7M | $430.3M | ||
| Q2 25 | $78.3M | $500.0M | ||
| Q1 25 | $81.8M | $582.1M | ||
| Q4 24 | $82.3M | $581.2M | ||
| Q3 24 | $82.9M | $621.9M | ||
| Q2 24 | $83.2M | $660.3M | ||
| Q1 24 | $83.6M | $647.2M |
| Q4 25 | $57.8M | $453.4M | ||
| Q3 25 | $83.6M | $522.6M | ||
| Q2 25 | $149.7M | $668.7M | ||
| Q1 25 | $152.3M | $784.1M | ||
| Q4 24 | $150.1M | $805.1M | ||
| Q3 24 | $157.3K | $919.9M | ||
| Q2 24 | $159.8K | $1.0B | ||
| Q1 24 | $170.6K | $1.2B |
| Q4 25 | — | 0.07× | ||
| Q3 25 | — | 0.11× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.50× | ||
| Q1 24 | — | 0.80× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.7M | $64.1M |
| Free Cash FlowOCF − Capex | $1.7M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $64.1M | ||
| Q3 25 | $-4.8M | $16.3M | ||
| Q2 25 | $2.2M | $11.7M | ||
| Q1 25 | $1.1M | $14.1M | ||
| Q4 24 | $3.2M | $71.9M | ||
| Q3 24 | $6.5M | $20.3M | ||
| Q2 24 | $7.3M | $14.7M | ||
| Q1 24 | $7.4M | $26.4M |
| Q4 25 | $1.7M | — | ||
| Q3 25 | $-4.9M | — | ||
| Q2 25 | $2.1M | — | ||
| Q1 25 | $1.0M | — | ||
| Q4 24 | $2.5M | — | ||
| Q3 24 | $6.5M | — | ||
| Q2 24 | $7.3M | — | ||
| Q1 24 | $6.9M | — |
| Q4 25 | 7.6% | — | ||
| Q3 25 | -18.1% | — | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 10.2% | — | ||
| Q3 24 | 21.7% | — | ||
| Q2 24 | 28.5% | — | ||
| Q1 24 | 28.1% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 2.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 28.70× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.18× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
NLOP
Segment breakdown not available.
