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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and DENNY'S Corp (DENN). Click either name above to swap in a different company.
Broadstone Net Lease, Inc. is the larger business by last-quarter revenue ($121.4M vs $113.2M, roughly 1.1× DENNY'S Corp). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs 0.6%, a 37.7% gap on every dollar of revenue. On growth, Broadstone Net Lease, Inc. posted the faster year-over-year revenue change (11.7% vs 1.3%). Over the past eight quarters, Broadstone Net Lease, Inc.'s revenue compounded faster (7.1% CAGR vs -0.9%).
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.
Denny's is an American table service diner-style restaurant chain. It operates over 1,400 restaurants in the United States, Canada, México, Puerto Rico, and several other international locations.
BNL vs DENN — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $113.2M |
| Net Profit | $46.4M | $632.0K |
| Gross Margin | — | — |
| Operating Margin | 52.2% | 9.2% |
| Net Margin | 38.2% | 0.6% |
| Revenue YoY | 11.7% | 1.3% |
| Net Profit YoY | — | -90.3% |
| EPS (diluted) | $0.24 | $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.
| Q1 26 | $121.4M | — | ||
| Q4 25 | $118.3M | — | ||
| Q3 25 | $114.2M | $113.2M | ||
| Q2 25 | $113.0M | $117.7M | ||
| Q1 25 | $108.7M | $111.6M | ||
| Q4 24 | $112.1M | $114.7M | ||
| Q3 24 | $108.4M | $111.8M | ||
| Q2 24 | $105.9M | $115.9M |
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | — | ||
| Q3 25 | $26.5M | $632.0K | ||
| Q2 25 | $20.2M | $2.5M | ||
| Q1 25 | $16.7M | $326.0K | ||
| Q4 24 | $26.4M | $6.8M | ||
| Q3 24 | $35.6M | $6.5M | ||
| Q2 24 | $35.3M | $3.6M |
| Q1 26 | 52.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | — | 7.9% |
| Q1 26 | 38.2% | — | ||
| Q4 25 | 28.0% | — | ||
| Q3 25 | 23.2% | 0.6% | ||
| Q2 25 | 17.8% | 2.1% | ||
| Q1 25 | 15.4% | 0.3% | ||
| Q4 24 | 23.5% | 5.9% | ||
| Q3 24 | 32.8% | 5.8% | ||
| Q2 24 | 33.4% | 3.1% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | — | ||
| Q3 25 | $0.14 | $0.01 | ||
| Q2 25 | $0.10 | $0.05 | ||
| Q1 25 | $0.09 | $0.01 | ||
| Q4 24 | $0.13 | $0.13 | ||
| Q3 24 | $0.19 | $0.12 | ||
| Q2 24 | $0.19 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $20.3M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $-32.7M |
| Total Assets | $5.8B | $502.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | — | ||
| Q3 25 | $82.0M | — | ||
| Q2 25 | $20.8M | — | ||
| Q1 25 | $9.6M | $1.1M | ||
| Q4 24 | $14.8M | $100.0K | ||
| Q3 24 | $9.0M | $2.9M | ||
| Q2 24 | $18.3M | $2.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.9B | $270.6M | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | $-32.7M | ||
| Q2 25 | $2.9B | $-34.6M | ||
| Q1 25 | $2.9B | $-36.4M | ||
| Q4 24 | $3.0B | $-34.0M | ||
| Q3 24 | $3.0B | $-54.5M | ||
| Q2 24 | $3.1B | $-53.2M |
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | — | ||
| Q3 25 | $5.5B | $502.9M | ||
| Q2 25 | $5.3B | $491.1M | ||
| Q1 25 | $5.2B | $488.1M | ||
| Q4 24 | $5.2B | $496.3M | ||
| Q3 24 | $5.3B | $461.6M | ||
| Q2 24 | $5.3B | $459.9M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $16.0M |
| Free Cash FlowOCF − Capex | — | $16.0M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | 25.28× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $299.5M | — | ||
| Q3 25 | $64.2M | $16.0M | ||
| Q2 25 | $79.3M | $9.4M | ||
| Q1 25 | $71.5M | $5.0M | ||
| Q4 24 | $276.3M | $8.5M | ||
| Q3 24 | $67.3M | $6.6M | ||
| Q2 24 | $74.2M | $14.2M |
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | — | ||
| Q3 25 | $58.0M | $16.0M | ||
| Q2 25 | $76.7M | — | ||
| Q1 25 | $57.1M | — | ||
| Q4 24 | $259.5M | — | ||
| Q3 24 | $60.3M | — | ||
| Q2 24 | $74.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | 228.1% | — | ||
| Q3 25 | 50.8% | 14.1% | ||
| Q2 25 | 67.9% | — | ||
| Q1 25 | 52.5% | — | ||
| Q4 24 | 231.4% | — | ||
| Q3 24 | 55.6% | — | ||
| Q2 24 | 69.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 25.1% | — | ||
| Q3 25 | 5.4% | 0.0% | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 13.2% | — | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 6.5% | 0.0% | ||
| Q2 24 | 0.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 9.04× | — | ||
| Q3 25 | 2.43× | 25.28× | ||
| Q2 25 | 3.93× | 3.79× | ||
| Q1 25 | 4.27× | 15.38× | ||
| Q4 24 | 10.47× | 1.26× | ||
| Q3 24 | 1.89× | 1.01× | ||
| Q2 24 | 2.10× | 3.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BNL
Segment breakdown not available.
DENN
| Franchisor Owned Outlet | $57.4M | 51% |
| Royalty | $27.7M | 25% |
| Advertising | $18.6M | 16% |
| Occupancy | $7.7M | 7% |
| Initial And Other Fees | $1.7M | 1% |
