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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and GORMAN RUPP CO (GRC). Click either name above to swap in a different company.

GORMAN RUPP CO is the larger business by last-quarter revenue ($166.6M vs $121.4M, roughly 1.4× Broadstone Net Lease, Inc.). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs 8.3%, a 30.0% gap on every dollar of revenue. On growth, Broadstone Net Lease, Inc. posted the faster year-over-year revenue change (11.7% vs 2.4%). Over the past eight quarters, Broadstone Net Lease, Inc.'s revenue compounded faster (7.1% CAGR vs 2.3%).

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.

Gorman-Rupp is a pump manufacturer in Mansfield, Ohio. It manufactures pumps for municipal, water, wastewater, sewage, industrial, construction, petroleum, fire, and OEM markets. The company is traded on the New York Stock Exchange. Its current CEO is Scott King.

BNL vs GRC — Head-to-Head

Bigger by revenue
GRC
GRC
1.4× larger
GRC
$166.6M
$121.4M
BNL
Growing faster (revenue YoY)
BNL
BNL
+9.3% gap
BNL
11.7%
2.4%
GRC
Higher net margin
BNL
BNL
30.0% more per $
BNL
38.2%
8.3%
GRC
Faster 2-yr revenue CAGR
BNL
BNL
Annualised
BNL
7.1%
2.3%
GRC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BNL
BNL
GRC
GRC
Revenue
$121.4M
$166.6M
Net Profit
$46.4M
$13.7M
Gross Margin
31.4%
Operating Margin
52.2%
14.9%
Net Margin
38.2%
8.3%
Revenue YoY
11.7%
2.4%
Net Profit YoY
25.2%
EPS (diluted)
$0.24
$0.53

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
GRC
GRC
Q1 26
$121.4M
Q4 25
$118.3M
$166.6M
Q3 25
$114.2M
$172.8M
Q2 25
$113.0M
$179.0M
Q1 25
$108.7M
$163.9M
Q4 24
$112.1M
$162.7M
Q3 24
$108.4M
$168.2M
Q2 24
$105.9M
$169.5M
Net Profit
BNL
BNL
GRC
GRC
Q1 26
$46.4M
Q4 25
$33.1M
$13.7M
Q3 25
$26.5M
$11.3M
Q2 25
$20.2M
$15.8M
Q1 25
$16.7M
$12.1M
Q4 24
$26.4M
$11.0M
Q3 24
$35.6M
$12.9M
Q2 24
$35.3M
$8.3M
Gross Margin
BNL
BNL
GRC
GRC
Q1 26
Q4 25
31.4%
Q3 25
29.2%
Q2 25
31.3%
Q1 25
30.7%
Q4 24
30.2%
Q3 24
31.3%
Q2 24
31.9%
Operating Margin
BNL
BNL
GRC
GRC
Q1 26
52.2%
Q4 25
14.9%
Q3 25
12.4%
Q2 25
15.0%
Q1 25
13.5%
Q4 24
13.0%
Q3 24
14.2%
Q2 24
15.4%
Net Margin
BNL
BNL
GRC
GRC
Q1 26
38.2%
Q4 25
28.0%
8.3%
Q3 25
23.2%
6.6%
Q2 25
17.8%
8.8%
Q1 25
15.4%
7.4%
Q4 24
23.5%
6.7%
Q3 24
32.8%
7.7%
Q2 24
33.4%
4.9%
EPS (diluted)
BNL
BNL
GRC
GRC
Q1 26
$0.24
Q4 25
$0.17
$0.53
Q3 25
$0.14
$0.43
Q2 25
$0.10
$0.60
Q1 25
$0.09
$0.46
Q4 24
$0.13
$0.42
Q3 24
$0.19
$0.49
Q2 24
$0.19
$0.32

Balance Sheet & Financial Strength

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

Metric
BNL
BNL
GRC
GRC
Cash + ST InvestmentsLiquidity on hand
$20.3M
$35.1M
Total DebtLower is stronger
$307.5M
Stockholders' EquityBook value
$3.0B
$414.7M
Total Assets
$5.8B
$860.1M
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNL
BNL
GRC
GRC
Q1 26
$20.3M
Q4 25
$30.5M
$35.1M
Q3 25
$82.0M
$42.9M
Q2 25
$20.8M
$27.0M
Q1 25
$9.6M
$21.8M
Q4 24
$14.8M
$24.2M
Q3 24
$9.0M
$39.7M
Q2 24
$18.3M
$34.2M
Total Debt
BNL
BNL
GRC
GRC
Q1 26
Q4 25
$2.5B
$307.5M
Q3 25
$2.4B
$322.3M
Q2 25
$2.1B
$337.1M
Q1 25
$2.0B
$352.2M
Q4 24
$1.9B
$366.6M
Q3 24
$2.0B
$381.0M
Q2 24
$1.9B
$395.4M
Stockholders' Equity
BNL
BNL
GRC
GRC
Q1 26
$3.0B
Q4 25
$2.9B
$414.7M
Q3 25
$2.9B
$405.2M
Q2 25
$2.9B
$397.8M
Q1 25
$2.9B
$382.1M
Q4 24
$3.0B
$373.8M
Q3 24
$3.0B
$367.3M
Q2 24
$3.1B
$358.6M
Total Assets
BNL
BNL
GRC
GRC
Q1 26
$5.8B
Q4 25
$5.7B
$860.1M
Q3 25
$5.5B
$869.9M
Q2 25
$5.3B
$861.8M
Q1 25
$5.2B
$857.8M
Q4 24
$5.2B
$858.5M
Q3 24
$5.3B
$883.5M
Q2 24
$5.3B
$891.1M
Debt / Equity
BNL
BNL
GRC
GRC
Q1 26
Q4 25
0.87×
0.74×
Q3 25
0.82×
0.80×
Q2 25
0.73×
0.85×
Q1 25
0.68×
0.92×
Q4 24
0.64×
0.98×
Q3 24
0.65×
1.04×
Q2 24
0.62×
1.10×

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
GRC
GRC
Operating Cash FlowLast quarter
$15.0M
Free Cash FlowOCF − Capex
$10.2M
FCF MarginFCF / Revenue
6.1%
Capex IntensityCapex / Revenue
2.9%
Cash ConversionOCF / Net Profit
1.09×
TTM Free Cash FlowTrailing 4 quarters
$88.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNL
BNL
GRC
GRC
Q1 26
Q4 25
$299.5M
$15.0M
Q3 25
$64.2M
$42.3M
Q2 25
$79.3M
$27.8M
Q1 25
$71.5M
$21.1M
Q4 24
$276.3M
$9.3M
Q3 24
$67.3M
$27.2M
Q2 24
$74.2M
$22.7M
Free Cash Flow
BNL
BNL
GRC
GRC
Q1 26
Q4 25
$269.8M
$10.2M
Q3 25
$58.0M
$35.8M
Q2 25
$76.7M
$24.8M
Q1 25
$57.1M
$18.1M
Q4 24
$259.5M
$5.2M
Q3 24
$60.3M
$24.0M
Q2 24
$74.0M
$19.4M
FCF Margin
BNL
BNL
GRC
GRC
Q1 26
Q4 25
228.1%
6.1%
Q3 25
50.8%
20.7%
Q2 25
67.9%
13.9%
Q1 25
52.5%
11.0%
Q4 24
231.4%
3.2%
Q3 24
55.6%
14.3%
Q2 24
69.9%
11.5%
Capex Intensity
BNL
BNL
GRC
GRC
Q1 26
Q4 25
25.1%
2.9%
Q3 25
5.4%
3.8%
Q2 25
2.3%
1.7%
Q1 25
13.2%
1.8%
Q4 24
15.0%
2.5%
Q3 24
6.5%
1.9%
Q2 24
0.2%
1.9%
Cash Conversion
BNL
BNL
GRC
GRC
Q1 26
Q4 25
9.04×
1.09×
Q3 25
2.43×
3.73×
Q2 25
3.93×
1.76×
Q1 25
4.27×
1.74×
Q4 24
10.47×
0.84×
Q3 24
1.89×
2.10×
Q2 24
2.10×
2.72×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BNL
BNL

Segment breakdown not available.

GRC
GRC

Industrial$34.7M21%
Fire Market$31.4M19%
Municipal$25.3M15%
Agriculture$22.5M14%
Repair Parts$18.9M11%
Construction$17.3M10%
Original Equipment Manufacturer$10.8M7%
Petroleum$5.6M3%

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