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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and HEARTLAND EXPRESS INC (HTLD). Click either name above to swap in a different company.
HEARTLAND EXPRESS INC is the larger business by last-quarter revenue ($179.4M vs $121.4M, roughly 1.5× Broadstone Net Lease, Inc.). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs -10.8%, a 49.1% gap on every dollar of revenue. On growth, Broadstone Net Lease, Inc. posted the faster year-over-year revenue change (11.7% vs -26.1%). Over the past eight quarters, Broadstone Net Lease, Inc.'s revenue compounded faster (7.1% CAGR vs -18.5%).
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.
Heartland Express is an American trucking company headquartered in North Liberty, Iowa. The company offers truckload shipping services across the United States.
BNL vs HTLD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $179.4M |
| Net Profit | $46.4M | $-19.4M |
| Gross Margin | — | — |
| Operating Margin | 52.2% | -12.7% |
| Net Margin | 38.2% | -10.8% |
| Revenue YoY | 11.7% | -26.1% |
| Net Profit YoY | — | -949.2% |
| EPS (diluted) | $0.24 | $-0.24 |
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 | $179.4M | ||
| Q3 25 | $114.2M | $196.5M | ||
| Q2 25 | $113.0M | $210.4M | ||
| Q1 25 | $108.7M | $219.4M | ||
| Q4 24 | $112.1M | $242.6M | ||
| Q3 24 | $108.4M | $259.9M | ||
| Q2 24 | $105.9M | $274.8M |
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | $-19.4M | ||
| Q3 25 | $26.5M | $-8.3M | ||
| Q2 25 | $20.2M | $-10.9M | ||
| Q1 25 | $16.7M | $-13.9M | ||
| Q4 24 | $26.4M | $-1.9M | ||
| Q3 24 | $35.6M | $-9.3M | ||
| Q2 24 | $35.3M | $-3.5M |
| Q1 26 | 52.2% | — | ||
| Q4 25 | — | -12.7% | ||
| Q3 25 | — | -3.7% | ||
| Q2 25 | — | -5.9% | ||
| Q1 25 | — | -6.8% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | -2.7% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | 38.2% | — | ||
| Q4 25 | 28.0% | -10.8% | ||
| Q3 25 | 23.2% | -4.2% | ||
| Q2 25 | 17.8% | -5.2% | ||
| Q1 25 | 15.4% | -6.3% | ||
| Q4 24 | 23.5% | -0.8% | ||
| Q3 24 | 32.8% | -3.6% | ||
| Q2 24 | 33.4% | -1.3% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | $-0.24 | ||
| Q3 25 | $0.14 | $-0.11 | ||
| Q2 25 | $0.10 | $-0.14 | ||
| Q1 25 | $0.09 | $-0.18 | ||
| Q4 24 | $0.13 | $-0.03 | ||
| Q3 24 | $0.19 | $-0.12 | ||
| Q2 24 | $0.19 | $-0.04 |
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 | $18.5M |
| Total DebtLower is stronger | — | $154.1M |
| Stockholders' EquityBook value | $3.0B | $755.3M |
| Total Assets | $5.8B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.20× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | $18.5M | ||
| Q3 25 | $82.0M | $32.7M | ||
| Q2 25 | $20.8M | $22.9M | ||
| Q1 25 | $9.6M | $23.9M | ||
| Q4 24 | $14.8M | $12.8M | ||
| Q3 24 | $9.0M | $30.7M | ||
| Q2 24 | $18.3M | $23.9M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $154.1M | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.9B | $187.9M | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $755.3M | ||
| Q3 25 | $2.9B | $775.6M | ||
| Q2 25 | $2.9B | $786.7M | ||
| Q1 25 | $2.9B | $807.7M | ||
| Q4 24 | $3.0B | $822.6M | ||
| Q3 24 | $3.0B | $825.7M | ||
| Q2 24 | $3.1B | $836.8M |
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | $1.2B | ||
| Q3 25 | $5.5B | $1.3B | ||
| Q2 25 | $5.3B | $1.3B | ||
| Q1 25 | $5.2B | $1.3B | ||
| Q4 24 | $5.2B | $1.3B | ||
| Q3 24 | $5.3B | $1.4B | ||
| Q2 24 | $5.3B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | 0.20× | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.64× | 0.23× | ||
| 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 | — | $14.9M |
| Free Cash FlowOCF − Capex | — | $-44.2M |
| FCF MarginFCF / Revenue | — | -24.6% |
| Capex IntensityCapex / Revenue | — | 33.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-66.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $299.5M | $14.9M | ||
| Q3 25 | $64.2M | $27.5M | ||
| Q2 25 | $79.3M | $21.0M | ||
| Q1 25 | $71.5M | $25.8M | ||
| Q4 24 | $276.3M | $37.8M | ||
| Q3 24 | $67.3M | $35.6M | ||
| Q2 24 | $74.2M | $40.0M |
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | $-44.2M | ||
| Q3 25 | $58.0M | $-12.2M | ||
| Q2 25 | $76.7M | $-12.8M | ||
| Q1 25 | $57.1M | $2.3M | ||
| Q4 24 | $259.5M | $-45.5M | ||
| Q3 24 | $60.3M | $24.6M | ||
| Q2 24 | $74.0M | $29.4M |
| Q1 26 | — | — | ||
| Q4 25 | 228.1% | -24.6% | ||
| Q3 25 | 50.8% | -6.2% | ||
| Q2 25 | 67.9% | -6.1% | ||
| Q1 25 | 52.5% | 1.0% | ||
| Q4 24 | 231.4% | -18.8% | ||
| Q3 24 | 55.6% | 9.5% | ||
| Q2 24 | 69.9% | 10.7% |
| Q1 26 | — | — | ||
| Q4 25 | 25.1% | 33.0% | ||
| Q3 25 | 5.4% | 20.2% | ||
| Q2 25 | 2.3% | 16.1% | ||
| Q1 25 | 13.2% | 10.7% | ||
| Q4 24 | 15.0% | 34.3% | ||
| Q3 24 | 6.5% | 4.2% | ||
| Q2 24 | 0.2% | 3.8% |
| Q1 26 | — | — | ||
| Q4 25 | 9.04× | — | ||
| 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.
