vs
Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and 4D Molecular Therapeutics, Inc. (FDMT). 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 $85.1M, roughly 1.4× 4D Molecular Therapeutics, Inc.). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs 22.8%, a 15.4% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 11.7%). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% 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.
4D Molecular Therapeutics is a clinical-stage biotechnology company specializing in the research and development of targeted adeno-associated virus (AAV) gene therapies. Its core product candidates address unmet medical needs in ophthalmology, cardiology, and pulmonary disease segments, serving global patient populations with rare and common hard-to-treat conditions.
BNL vs FDMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $85.1M |
| Net Profit | $46.4M | $19.4M |
| Gross Margin | — | — |
| Operating Margin | 52.2% | 17.3% |
| Net Margin | 38.2% | 22.8% |
| Revenue YoY | 11.7% | 8508900.0% |
| Net Profit YoY | — | 139.1% |
| EPS (diluted) | $0.24 | $0.43 |
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 | $85.1M | ||
| Q3 25 | $114.2M | $90.0K | ||
| Q2 25 | $113.0M | $15.0K | ||
| Q1 25 | $108.7M | $14.0K | ||
| Q4 24 | $112.1M | $1.0K | ||
| Q3 24 | $108.4M | $3.0K | ||
| Q2 24 | $105.9M | $5.0K |
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | $19.4M | ||
| Q3 25 | $26.5M | $-56.9M | ||
| Q2 25 | $20.2M | $-54.7M | ||
| Q1 25 | $16.7M | $-48.0M | ||
| Q4 24 | $26.4M | — | ||
| Q3 24 | $35.6M | $-43.8M | ||
| Q2 24 | $35.3M | $-35.0M |
| Q1 26 | 52.2% | — | ||
| Q4 25 | — | 17.3% | ||
| Q3 25 | — | -67983.3% | ||
| Q2 25 | — | -396373.3% | ||
| Q1 25 | — | -383007.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -1704400.0% | ||
| Q2 24 | — | -849120.0% |
| Q1 26 | 38.2% | — | ||
| Q4 25 | 28.0% | 22.8% | ||
| Q3 25 | 23.2% | -63195.6% | ||
| Q2 25 | 17.8% | -364386.7% | ||
| Q1 25 | 15.4% | -342657.1% | ||
| Q4 24 | 23.5% | — | ||
| Q3 24 | 32.8% | -1461433.3% | ||
| Q2 24 | 33.4% | -699060.0% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | $0.43 | ||
| Q3 25 | $0.14 | $-1.01 | ||
| Q2 25 | $0.10 | $-0.98 | ||
| Q1 25 | $0.09 | $-0.86 | ||
| Q4 24 | $0.13 | — | ||
| Q3 24 | $0.19 | $-0.79 | ||
| Q2 24 | $0.19 | $-0.63 |
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 | $402.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $505.7M |
| Total Assets | $5.8B | $566.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | $402.7M | ||
| Q3 25 | $82.0M | $305.1M | ||
| Q2 25 | $20.8M | $293.2M | ||
| Q1 25 | $9.6M | $321.4M | ||
| Q4 24 | $14.8M | $424.9M | ||
| Q3 24 | $9.0M | $501.9M | ||
| Q2 24 | $18.3M | $541.9M |
| 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 | — |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $505.7M | ||
| Q3 25 | $2.9B | $369.0M | ||
| Q2 25 | $2.9B | $420.9M | ||
| Q1 25 | $2.9B | $469.7M | ||
| Q4 24 | $3.0B | $510.6M | ||
| Q3 24 | $3.0B | $552.9M | ||
| Q2 24 | $3.1B | $588.3M |
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | $566.7M | ||
| Q3 25 | $5.5B | $424.0M | ||
| Q2 25 | $5.3B | $473.6M | ||
| Q1 25 | $5.2B | $515.7M | ||
| Q4 24 | $5.2B | $560.4M | ||
| Q3 24 | $5.3B | $604.0M | ||
| Q2 24 | $5.3B | $620.1M |
| 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 | — | $28.6M |
| Free Cash FlowOCF − Capex | — | $28.5M |
| FCF MarginFCF / Revenue | — | 33.5% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-109.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $299.5M | $28.6M | ||
| Q3 25 | $64.2M | $-46.5M | ||
| Q2 25 | $79.3M | $-43.4M | ||
| Q1 25 | $71.5M | $-47.8M | ||
| Q4 24 | $276.3M | $-134.6M | ||
| Q3 24 | $67.3M | $-29.4M | ||
| Q2 24 | $74.2M | $-30.2M |
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | $28.5M | ||
| Q3 25 | $58.0M | $-46.6M | ||
| Q2 25 | $76.7M | $-43.4M | ||
| Q1 25 | $57.1M | $-48.4M | ||
| Q4 24 | $259.5M | $-138.4M | ||
| Q3 24 | $60.3M | $-31.2M | ||
| Q2 24 | $74.0M | $-30.6M |
| Q1 26 | — | — | ||
| Q4 25 | 228.1% | 33.5% | ||
| Q3 25 | 50.8% | -51765.6% | ||
| Q2 25 | 67.9% | -289620.0% | ||
| Q1 25 | 52.5% | -345635.7% | ||
| Q4 24 | 231.4% | -13837100.0% | ||
| Q3 24 | 55.6% | -1038966.7% | ||
| Q2 24 | 69.9% | -611840.0% |
| Q1 26 | — | — | ||
| Q4 25 | 25.1% | 0.1% | ||
| Q3 25 | 5.4% | 101.1% | ||
| Q2 25 | 2.3% | 440.0% | ||
| Q1 25 | 13.2% | 4507.1% | ||
| Q4 24 | 15.0% | 378600.0% | ||
| Q3 24 | 6.5% | 59266.7% | ||
| Q2 24 | 0.2% | 6980.0% |
| Q1 26 | — | — | ||
| Q4 25 | 9.04× | 1.47× | ||
| Q3 25 | 2.43× | — | ||
| Q2 25 | 3.93× | — | ||
| Q1 25 | 4.27× | — | ||
| Q4 24 | 10.47× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 2.10× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
