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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and iQSTEL Inc (IQST). 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 $84.2M, roughly 1.4× iQSTEL Inc). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs -3.2%, a 41.4% gap on every dollar of revenue. On growth, Broadstone Net Lease, Inc. posted the faster year-over-year revenue change (11.7% vs -14.9%). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% 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.
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.
BNL vs IQST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $84.2M |
| Net Profit | $46.4M | $-2.7M |
| Gross Margin | — | 3.5% |
| Operating Margin | 52.2% | -2.9% |
| Net Margin | 38.2% | -3.2% |
| Revenue YoY | 11.7% | -14.9% |
| Net Profit YoY | — | -44.5% |
| EPS (diluted) | $0.24 | $-0.92 |
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 | $84.2M | ||
| Q3 25 | $114.2M | $102.9M | ||
| Q2 25 | $113.0M | $72.2M | ||
| Q1 25 | $108.7M | $57.6M | ||
| Q4 24 | $112.1M | $98.9M | ||
| Q3 24 | $108.4M | $54.2M | ||
| Q2 24 | $105.9M | $78.6M |
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | $-2.7M | ||
| Q3 25 | $26.5M | $-2.3M | ||
| Q2 25 | $20.2M | $-2.3M | ||
| Q1 25 | $16.7M | $-1.1M | ||
| Q4 24 | $26.4M | $-1.9M | ||
| Q3 24 | $35.6M | $-773.0K | ||
| Q2 24 | $35.3M | $-2.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 2.8% |
| Q1 26 | 52.2% | — | ||
| Q4 25 | — | -2.9% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | — | -0.9% | ||
| Q1 25 | — | -1.0% | ||
| Q4 24 | — | -0.3% | ||
| Q3 24 | — | -0.1% | ||
| Q2 24 | — | -0.4% |
| Q1 26 | 38.2% | — | ||
| Q4 25 | 28.0% | -3.2% | ||
| Q3 25 | 23.2% | -2.3% | ||
| Q2 25 | 17.8% | -3.3% | ||
| Q1 25 | 15.4% | -2.0% | ||
| Q4 24 | 23.5% | -1.9% | ||
| Q3 24 | 32.8% | -1.4% | ||
| Q2 24 | 33.4% | -2.5% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | $-0.92 | ||
| Q3 25 | $0.14 | $-0.68 | ||
| Q2 25 | $0.10 | $-0.82 | ||
| Q1 25 | $0.09 | $-0.44 | ||
| Q4 24 | $0.13 | $-1.19 | ||
| Q3 24 | $0.19 | $-0.40 | ||
| Q2 24 | $0.19 | $-0.90 |
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 | $2.2M |
| Total DebtLower is stronger | — | $4.1M |
| Stockholders' EquityBook value | $3.0B | $16.3M |
| Total Assets | $5.8B | $51.1M |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | $2.2M | ||
| Q3 25 | $82.0M | $2.3M | ||
| Q2 25 | $20.8M | $2.0M | ||
| Q1 25 | $9.6M | $1.1M | ||
| Q4 24 | $14.8M | $2.5M | ||
| Q3 24 | $9.0M | $2.1M | ||
| Q2 24 | $18.3M | $797.2K |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $4.1M | ||
| Q3 25 | $2.4B | $2.7M | ||
| Q2 25 | $2.1B | $4.5M | ||
| Q1 25 | $2.0B | $3.5M | ||
| Q4 24 | $1.9B | $2.5M | ||
| Q3 24 | $2.0B | $3.2M | ||
| Q2 24 | $1.9B | $2.5M |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $16.3M | ||
| Q3 25 | $2.9B | $17.9M | ||
| Q2 25 | $2.9B | $14.3M | ||
| Q1 25 | $2.9B | $11.6M | ||
| Q4 24 | $3.0B | $11.9M | ||
| Q3 24 | $3.0B | $8.1M | ||
| Q2 24 | $3.1B | $7.6M |
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | $51.1M | ||
| Q3 25 | $5.5B | $46.9M | ||
| Q2 25 | $5.3B | $51.4M | ||
| Q1 25 | $5.2B | $42.0M | ||
| Q4 24 | $5.2B | $79.0M | ||
| Q3 24 | $5.3B | $32.4M | ||
| Q2 24 | $5.3B | $30.0M |
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | 0.25× | ||
| Q3 25 | 0.82× | 0.15× | ||
| Q2 25 | 0.73× | 0.31× | ||
| Q1 25 | 0.68× | 0.31× | ||
| Q4 24 | 0.64× | 0.21× | ||
| Q3 24 | 0.65× | 0.40× | ||
| Q2 24 | 0.62× | 0.34× |
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 | — | $-1.2M |
| Free Cash FlowOCF − Capex | — | $-1.2M |
| FCF MarginFCF / Revenue | — | -1.5% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $299.5M | $-1.2M | ||
| Q3 25 | $64.2M | $-953.0K | ||
| Q2 25 | $79.3M | $257.7K | ||
| Q1 25 | $71.5M | $-1.9M | ||
| Q4 24 | $276.3M | $-403.7K | ||
| Q3 24 | $67.3M | $625.0K | ||
| Q2 24 | $74.2M | $-2.6M |
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | $-1.2M | ||
| Q3 25 | $58.0M | $-969.2K | ||
| Q2 25 | $76.7M | $211.7K | ||
| Q1 25 | $57.1M | $-2.0M | ||
| Q4 24 | $259.5M | $-421.3K | ||
| Q3 24 | $60.3M | $594.5K | ||
| Q2 24 | $74.0M | $-2.6M |
| Q1 26 | — | — | ||
| Q4 25 | 228.1% | -1.5% | ||
| Q3 25 | 50.8% | -0.9% | ||
| Q2 25 | 67.9% | 0.3% | ||
| Q1 25 | 52.5% | -3.4% | ||
| Q4 24 | 231.4% | -0.4% | ||
| Q3 24 | 55.6% | 1.1% | ||
| Q2 24 | 69.9% | -3.4% |
| Q1 26 | — | — | ||
| Q4 25 | 25.1% | 0.0% | ||
| Q3 25 | 5.4% | 0.0% | ||
| Q2 25 | 2.3% | 0.1% | ||
| Q1 25 | 13.2% | 0.1% | ||
| Q4 24 | 15.0% | 0.0% | ||
| Q3 24 | 6.5% | 0.1% | ||
| Q2 24 | 0.2% | 0.0% |
| 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.
Revenue Breakdown by Segment
BNL
Segment breakdown not available.
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
