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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and CATALYST PHARMACEUTICALS, INC. (CPRX). Click either name above to swap in a different company.

CATALYST PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($152.6M vs $121.4M, roughly 1.3× Broadstone Net Lease, Inc.). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs 34.5%, a 3.7% gap on every dollar of revenue. On growth, Broadstone Net Lease, Inc. posted the faster year-over-year revenue change (11.7% vs 7.6%). Over the past eight quarters, CATALYST PHARMACEUTICALS, INC.'s revenue compounded faster (24.5% CAGR vs 7.1%).

Broadstone Net Lease, Inc. is a real estate investment trust (REIT) that acquires, owns, and manages a diversified portfolio of single-tenant commercial real estate assets across the United States. Its portfolio covers key segments including industrial facilities, healthcare properties, retail locations, and office spaces, all leased to tenants under long-term net lease agreements.

Catalyst Pharmaceuticals, Inc. is a biopharmaceutical company based in Coral Gables, Florida, United States. The company develops medicines for rare diseases, including the phosphate salt of amifampridine for the treatment of Lambert–Eaton myasthenic syndrome (LEMS). The drug is referred to under the trade name Firdapse, which was approved by the FDA for approved use in children 6 years and older with LEMS in addition to the prior approval for use in adults with LEMS on November 28, 2018. Fir...

BNL vs CPRX — Head-to-Head

Bigger by revenue
CPRX
CPRX
1.3× larger
CPRX
$152.6M
$121.4M
BNL
Growing faster (revenue YoY)
BNL
BNL
+4.1% gap
BNL
11.7%
7.6%
CPRX
Higher net margin
BNL
BNL
3.7% more per $
BNL
38.2%
34.5%
CPRX
Faster 2-yr revenue CAGR
CPRX
CPRX
Annualised
CPRX
24.5%
7.1%
BNL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BNL
BNL
CPRX
CPRX
Revenue
$121.4M
$152.6M
Net Profit
$46.4M
$52.7M
Gross Margin
82.9%
Operating Margin
52.2%
40.5%
Net Margin
38.2%
34.5%
Revenue YoY
11.7%
7.6%
Net Profit YoY
-5.8%
EPS (diluted)
$0.24
$0.40

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
BNL
BNL
CPRX
CPRX
Q1 26
$121.4M
Q4 25
$118.3M
$152.6M
Q3 25
$114.2M
$148.4M
Q2 25
$113.0M
$146.6M
Q1 25
$108.7M
$141.4M
Q4 24
$112.1M
$141.8M
Q3 24
$108.4M
$128.7M
Q2 24
$105.9M
$122.7M
Net Profit
BNL
BNL
CPRX
CPRX
Q1 26
$46.4M
Q4 25
$33.1M
$52.7M
Q3 25
$26.5M
$52.8M
Q2 25
$20.2M
$52.1M
Q1 25
$16.7M
$56.7M
Q4 24
$26.4M
$55.9M
Q3 24
$35.6M
$43.9M
Q2 24
$35.3M
$40.8M
Gross Margin
BNL
BNL
CPRX
CPRX
Q1 26
Q4 25
82.9%
Q3 25
84.7%
Q2 25
85.9%
Q1 25
87.3%
Q4 24
84.7%
Q3 24
85.0%
Q2 24
87.4%
Operating Margin
BNL
BNL
CPRX
CPRX
Q1 26
52.2%
Q4 25
40.5%
Q3 25
44.7%
Q2 25
45.2%
Q1 25
44.8%
Q4 24
44.3%
Q3 24
39.6%
Q2 24
44.2%
Net Margin
BNL
BNL
CPRX
CPRX
Q1 26
38.2%
Q4 25
28.0%
34.5%
Q3 25
23.2%
35.6%
Q2 25
17.8%
35.6%
Q1 25
15.4%
40.1%
Q4 24
23.5%
39.4%
Q3 24
32.8%
34.1%
Q2 24
33.4%
33.2%
EPS (diluted)
BNL
BNL
CPRX
CPRX
Q1 26
$0.24
Q4 25
$0.17
$0.40
Q3 25
$0.14
$0.42
Q2 25
$0.10
$0.41
Q1 25
$0.09
$0.45
Q4 24
$0.13
$0.44
Q3 24
$0.19
$0.35
Q2 24
$0.19
$0.33

Balance Sheet & Financial Strength

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

Metric
BNL
BNL
CPRX
CPRX
Cash + ST InvestmentsLiquidity on hand
$20.3M
$709.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.0B
$954.3M
Total Assets
$5.8B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNL
BNL
CPRX
CPRX
Q1 26
$20.3M
Q4 25
$30.5M
$709.2M
Q3 25
$82.0M
$689.9M
Q2 25
$20.8M
$652.8M
Q1 25
$9.6M
$580.7M
Q4 24
$14.8M
$517.6M
Q3 24
$9.0M
$442.3M
Q2 24
$18.3M
$375.7M
Total Debt
BNL
BNL
CPRX
CPRX
Q1 26
Q4 25
$2.5B
Q3 25
$2.4B
Q2 25
$2.1B
Q1 25
$2.0B
Q4 24
$1.9B
Q3 24
$2.0B
Q2 24
$1.9B
Stockholders' Equity
BNL
BNL
CPRX
CPRX
Q1 26
$3.0B
Q4 25
$2.9B
$954.3M
Q3 25
$2.9B
$920.2M
Q2 25
$2.9B
$856.0M
Q1 25
$2.9B
$794.3M
Q4 24
$3.0B
$727.6M
Q3 24
$3.0B
$660.9M
Q2 24
$3.1B
$608.7M
Total Assets
BNL
BNL
CPRX
CPRX
Q1 26
$5.8B
Q4 25
$5.7B
$1.1B
Q3 25
$5.5B
$1.1B
Q2 25
$5.3B
$971.9M
Q1 25
$5.2B
$908.9M
Q4 24
$5.2B
$851.4M
Q3 24
$5.3B
$772.0M
Q2 24
$5.3B
$706.4M
Debt / Equity
BNL
BNL
CPRX
CPRX
Q1 26
Q4 25
0.87×
Q3 25
0.82×
Q2 25
0.73×
Q1 25
0.68×
Q4 24
0.64×
Q3 24
0.65×
Q2 24
0.62×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BNL
BNL
CPRX
CPRX
Operating Cash FlowLast quarter
$44.9M
Free Cash FlowOCF − Capex
$44.9M
FCF MarginFCF / Revenue
29.4%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.85×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNL
BNL
CPRX
CPRX
Q1 26
Q4 25
$299.5M
$44.9M
Q3 25
$64.2M
$32.4M
Q2 25
$79.3M
$71.3M
Q1 25
$71.5M
$60.0M
Q4 24
$276.3M
$70.9M
Q3 24
$67.3M
$72.9M
Q2 24
$74.2M
$64.1M
Free Cash Flow
BNL
BNL
CPRX
CPRX
Q1 26
Q4 25
$269.8M
$44.9M
Q3 25
$58.0M
Q2 25
$76.7M
$71.3M
Q1 25
$57.1M
Q4 24
$259.5M
$70.8M
Q3 24
$60.3M
$72.6M
Q2 24
$74.0M
$64.1M
FCF Margin
BNL
BNL
CPRX
CPRX
Q1 26
Q4 25
228.1%
29.4%
Q3 25
50.8%
Q2 25
67.9%
48.6%
Q1 25
52.5%
Q4 24
231.4%
49.9%
Q3 24
55.6%
56.4%
Q2 24
69.9%
52.3%
Capex Intensity
BNL
BNL
CPRX
CPRX
Q1 26
Q4 25
25.1%
0.0%
Q3 25
5.4%
0.0%
Q2 25
2.3%
0.0%
Q1 25
13.2%
0.0%
Q4 24
15.0%
0.1%
Q3 24
6.5%
0.2%
Q2 24
0.2%
0.0%
Cash Conversion
BNL
BNL
CPRX
CPRX
Q1 26
Q4 25
9.04×
0.85×
Q3 25
2.43×
0.61×
Q2 25
3.93×
1.37×
Q1 25
4.27×
1.06×
Q4 24
10.47×
1.27×
Q3 24
1.89×
1.66×
Q2 24
2.10×
1.57×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BNL
BNL

Segment breakdown not available.

CPRX
CPRX

Firdapse$97.6M64%
Agamree$35.3M23%
Fycompa$19.6M13%

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