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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and IonQ, Inc. (IONQ). 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 $61.9M, roughly 2.0× IonQ, Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs 38.2%, a 1179.5% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 11.7%).
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.
IonQ, Inc. is an American quantum computing hardware and software company headquartered in College Park, Maryland. The company develops general-purpose trapped ion quantum computers and accompanying software to generate, optimize, and execute quantum circuits.
BNL vs IONQ — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $61.9M |
| Net Profit | $46.4M | $753.7M |
| Gross Margin | — | — |
| Operating Margin | 52.2% | -369.4% |
| Net Margin | 38.2% | 1217.8% |
| Revenue YoY | 11.7% | 428.5% |
| Net Profit YoY | — | 473.1% |
| EPS (diluted) | $0.24 | $2.60 |
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 | $61.9M | ||
| Q3 25 | $114.2M | $39.9M | ||
| Q2 25 | $113.0M | $20.7M | ||
| Q1 25 | $108.7M | — | ||
| Q4 24 | $112.1M | $11.7M | ||
| Q3 24 | $108.4M | $12.4M | ||
| Q2 24 | $105.9M | $11.4M |
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | $753.7M | ||
| Q3 25 | $26.5M | $-1.1B | ||
| Q2 25 | $20.2M | $-176.8M | ||
| Q1 25 | $16.7M | — | ||
| Q4 24 | $26.4M | $-202.0M | ||
| Q3 24 | $35.6M | $-52.5M | ||
| Q2 24 | $35.3M | $-37.6M |
| Q1 26 | 52.2% | — | ||
| Q4 25 | — | -369.4% | ||
| Q3 25 | — | -423.5% | ||
| Q2 25 | — | -776.0% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -661.9% | ||
| Q3 24 | — | -428.5% | ||
| Q2 24 | — | -430.0% |
| Q1 26 | 38.2% | — | ||
| Q4 25 | 28.0% | 1217.8% | ||
| Q3 25 | 23.2% | -2646.3% | ||
| Q2 25 | 17.8% | -854.5% | ||
| Q1 25 | 15.4% | — | ||
| Q4 24 | 23.5% | -1725.0% | ||
| Q3 24 | 32.8% | -423.4% | ||
| Q2 24 | 33.4% | -330.0% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | $2.60 | ||
| Q3 25 | $0.14 | $-3.58 | ||
| Q2 25 | $0.10 | $-0.70 | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $0.13 | $-0.95 | ||
| Q3 24 | $0.19 | $-0.24 | ||
| Q2 24 | $0.19 | $-0.18 |
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 | $2.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $3.8B |
| Total Assets | $5.8B | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | $2.4B | ||
| Q3 25 | $82.0M | $1.1B | ||
| Q2 25 | $20.8M | $546.9M | ||
| Q1 25 | $9.6M | — | ||
| Q4 24 | $14.8M | $340.3M | ||
| Q3 24 | $9.0M | $365.7M | ||
| Q2 24 | $18.3M | $369.8M |
| 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 | $3.8B | ||
| Q3 25 | $2.9B | $2.3B | ||
| Q2 25 | $2.9B | $1.2B | ||
| Q1 25 | $2.9B | — | ||
| Q4 24 | $3.0B | $383.9M | ||
| Q3 24 | $3.0B | $435.7M | ||
| Q2 24 | $3.1B | $463.3M |
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | $6.6B | ||
| Q3 25 | $5.5B | $4.3B | ||
| Q2 25 | $5.3B | $1.3B | ||
| Q1 25 | $5.2B | — | ||
| Q4 24 | $5.2B | $508.4M | ||
| Q3 24 | $5.3B | $497.9M | ||
| Q2 24 | $5.3B | $517.4M |
| 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 | — | $-74.5M |
| Free Cash FlowOCF − Capex | — | $-83.3M |
| FCF MarginFCF / Revenue | — | -134.6% |
| Capex IntensityCapex / Revenue | — | 14.2% |
| Cash ConversionOCF / Net Profit | — | -0.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-307.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $299.5M | $-74.5M | ||
| Q3 25 | $64.2M | $-123.1M | ||
| Q2 25 | $79.3M | $-52.6M | ||
| Q1 25 | $71.5M | — | ||
| Q4 24 | $276.3M | $-39.4M | ||
| Q3 24 | $67.3M | $-19.2M | ||
| Q2 24 | $74.2M | $-26.6M |
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | $-83.3M | ||
| Q3 25 | $58.0M | $-127.2M | ||
| Q2 25 | $76.7M | $-53.8M | ||
| Q1 25 | $57.1M | — | ||
| Q4 24 | $259.5M | $-43.0M | ||
| Q3 24 | $60.3M | $-23.0M | ||
| Q2 24 | $74.0M | $-34.1M |
| Q1 26 | — | — | ||
| Q4 25 | 228.1% | -134.6% | ||
| Q3 25 | 50.8% | -319.1% | ||
| Q2 25 | 67.9% | -259.8% | ||
| Q1 25 | 52.5% | — | ||
| Q4 24 | 231.4% | -367.4% | ||
| Q3 24 | 55.6% | -185.3% | ||
| Q2 24 | 69.9% | -299.3% |
| Q1 26 | — | — | ||
| Q4 25 | 25.1% | 14.2% | ||
| Q3 25 | 5.4% | 10.4% | ||
| Q2 25 | 2.3% | 5.8% | ||
| Q1 25 | 13.2% | — | ||
| Q4 24 | 15.0% | 30.7% | ||
| Q3 24 | 6.5% | 30.4% | ||
| Q2 24 | 0.2% | 65.8% |
| Q1 26 | — | — | ||
| Q4 25 | 9.04× | -0.10× | ||
| 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.
Revenue Breakdown by Segment
BNL
Segment breakdown not available.
IONQ
| Other | $31.2M | 50% |
| Platform Consulting And Support Services | $30.7M | 50% |
