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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and Donnelley Financial Solutions, Inc. (DFIN). Click either name above to swap in a different company.
Donnelley Financial Solutions, Inc. is the larger business by last-quarter revenue ($172.5M vs $121.4M, roughly 1.4× Broadstone Net Lease, Inc.). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs 3.6%, a 34.6% gap on every dollar of revenue. On growth, Broadstone Net Lease, Inc. posted the faster year-over-year revenue change (11.7% vs 10.4%). Over the past eight quarters, Broadstone Net Lease, Inc.'s revenue compounded faster (7.1% CAGR vs -7.9%).
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.
Donnelley Financial Solutions (DFIN) is a financial compliance company based in Chicago, Illinois, United States. The company provides software as a service (SaaS) products, software-enabled services (SeS), print, and compliance services related to US Securities and Exchange Commission regulations to companies in capital and investment markets.
BNL vs DFIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $172.5M |
| Net Profit | $46.4M | $6.2M |
| Gross Margin | — | — |
| Operating Margin | 52.2% | 8.3% |
| Net Margin | 38.2% | 3.6% |
| Revenue YoY | 11.7% | 10.4% |
| Net Profit YoY | — | -1.6% |
| EPS (diluted) | $0.24 | $0.31 |
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 | $172.5M | ||
| Q3 25 | $114.2M | $175.3M | ||
| Q2 25 | $113.0M | $218.1M | ||
| Q1 25 | $108.7M | $201.1M | ||
| Q4 24 | $112.1M | $156.3M | ||
| Q3 24 | $108.4M | $179.5M | ||
| Q2 24 | $105.9M | $242.7M |
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | $6.2M | ||
| Q3 25 | $26.5M | $-40.9M | ||
| Q2 25 | $20.2M | $36.1M | ||
| Q1 25 | $16.7M | $31.0M | ||
| Q4 24 | $26.4M | $6.3M | ||
| Q3 24 | $35.6M | $8.7M | ||
| Q2 24 | $35.3M | $44.1M |
| Q1 26 | 52.2% | — | ||
| Q4 25 | — | 8.3% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 6.0% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 26.6% |
| Q1 26 | 38.2% | — | ||
| Q4 25 | 28.0% | 3.6% | ||
| Q3 25 | 23.2% | -23.3% | ||
| Q2 25 | 17.8% | 16.6% | ||
| Q1 25 | 15.4% | 15.4% | ||
| Q4 24 | 23.5% | 4.0% | ||
| Q3 24 | 32.8% | 4.8% | ||
| Q2 24 | 33.4% | 18.2% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | $0.31 | ||
| Q3 25 | $0.14 | $-1.49 | ||
| Q2 25 | $0.10 | $1.28 | ||
| Q1 25 | $0.09 | $1.05 | ||
| Q4 24 | $0.13 | $0.21 | ||
| Q3 24 | $0.19 | $0.29 | ||
| Q2 24 | $0.19 | $1.47 |
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 | $24.5M |
| Total DebtLower is stronger | — | $171.3M |
| Stockholders' EquityBook value | $3.0B | $379.2M |
| Total Assets | $5.8B | $800.4M |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | $24.5M | ||
| Q3 25 | $82.0M | $22.7M | ||
| Q2 25 | $20.8M | $33.8M | ||
| Q1 25 | $9.6M | $16.2M | ||
| Q4 24 | $14.8M | $57.3M | ||
| Q3 24 | $9.0M | $33.6M | ||
| Q2 24 | $18.3M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $171.3M | ||
| Q3 25 | $2.4B | $154.7M | ||
| Q2 25 | $2.1B | $190.1M | ||
| Q1 25 | $2.0B | $189.5M | ||
| Q4 24 | $1.9B | $124.7M | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $379.2M | ||
| Q3 25 | $2.9B | $423.1M | ||
| Q2 25 | $2.9B | $432.1M | ||
| Q1 25 | $2.9B | $419.9M | ||
| Q4 24 | $3.0B | $436.1M | ||
| Q3 24 | $3.0B | $444.5M | ||
| Q2 24 | $3.1B | $441.5M |
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | $800.4M | ||
| Q3 25 | $5.5B | $816.3M | ||
| Q2 25 | $5.3B | $874.7M | ||
| Q1 25 | $5.2B | $852.8M | ||
| Q4 24 | $5.2B | $841.6M | ||
| Q3 24 | $5.3B | $843.6M | ||
| Q2 24 | $5.3B | $882.9M |
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | 0.45× | ||
| Q3 25 | 0.82× | 0.37× | ||
| Q2 25 | 0.73× | 0.44× | ||
| Q1 25 | 0.68× | 0.45× | ||
| Q4 24 | 0.64× | 0.29× | ||
| 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 | — | $59.8M |
| Free Cash FlowOCF − Capex | — | $47.9M |
| FCF MarginFCF / Revenue | — | 27.8% |
| Capex IntensityCapex / Revenue | — | 6.9% |
| Cash ConversionOCF / Net Profit | — | 9.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $299.5M | $59.8M | ||
| Q3 25 | $64.2M | $74.4M | ||
| Q2 25 | $79.3M | $68.4M | ||
| Q1 25 | $71.5M | $-37.7M | ||
| Q4 24 | $276.3M | $56.4M | ||
| Q3 24 | $67.3M | $86.4M | ||
| Q2 24 | $74.2M | $56.2M |
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | $47.9M | ||
| Q3 25 | $58.0M | $59.2M | ||
| Q2 25 | $76.7M | $51.7M | ||
| Q1 25 | $57.1M | $-51.0M | ||
| Q4 24 | $259.5M | $41.3M | ||
| Q3 24 | $60.3M | $67.3M | ||
| Q2 24 | $74.0M | $36.8M |
| Q1 26 | — | — | ||
| Q4 25 | 228.1% | 27.8% | ||
| Q3 25 | 50.8% | 33.8% | ||
| Q2 25 | 67.9% | 23.7% | ||
| Q1 25 | 52.5% | -25.4% | ||
| Q4 24 | 231.4% | 26.4% | ||
| Q3 24 | 55.6% | 37.5% | ||
| Q2 24 | 69.9% | 15.2% |
| Q1 26 | — | — | ||
| Q4 25 | 25.1% | 6.9% | ||
| Q3 25 | 5.4% | 8.7% | ||
| Q2 25 | 2.3% | 7.7% | ||
| Q1 25 | 13.2% | 6.6% | ||
| Q4 24 | 15.0% | 9.7% | ||
| Q3 24 | 6.5% | 10.6% | ||
| Q2 24 | 0.2% | 8.0% |
| Q1 26 | — | — | ||
| Q4 25 | 9.04× | 9.65× | ||
| Q3 25 | 2.43× | — | ||
| Q2 25 | 3.93× | 1.89× | ||
| Q1 25 | 4.27× | -1.22× | ||
| Q4 24 | 10.47× | 8.95× | ||
| Q3 24 | 1.89× | 9.93× | ||
| Q2 24 | 2.10× | 1.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BNL
Segment breakdown not available.
DFIN
| Technology Service | $68.0M | 39% |
| Capital Markets Compliance And Communications Management | $61.6M | 36% |
| Investment Companies Software Solutions | $30.9M | 18% |
| Print And Distribution Service | $13.6M | 8% |
