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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and ONTO INNOVATION INC. (ONTO). Click either name above to swap in a different company.
ONTO INNOVATION INC. is the larger business by last-quarter revenue ($218.2M vs $121.4M, roughly 1.8× Broadstone Net Lease, Inc.). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs 12.9%, a 25.3% gap on every dollar of revenue. On growth, Broadstone Net Lease, Inc. posted the faster year-over-year revenue change (11.7% vs -13.5%). Over the past eight quarters, Broadstone Net Lease, Inc.'s revenue compounded faster (7.1% CAGR vs 2.6%).
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.
Onto Innovation Inc. is an American semiconductor company formed in 2019 from the merger of Rudolph Technologies, Inc. and Nanometrics Incorporated. It is a provider of process and process control equipment and software for microelectronic manufacturing industries.
BNL vs ONTO — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $218.2M |
| Net Profit | $46.4M | $28.2M |
| Gross Margin | — | 50.7% |
| Operating Margin | 52.2% | 10.9% |
| Net Margin | 38.2% | 12.9% |
| Revenue YoY | 11.7% | -13.5% |
| Net Profit YoY | — | -46.8% |
| EPS (diluted) | $0.24 | $0.57 |
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 | — | ||
| Q3 25 | $114.2M | $218.2M | ||
| Q2 25 | $113.0M | $253.6M | ||
| Q1 25 | $108.7M | $266.6M | ||
| Q4 24 | $112.1M | $263.9M | ||
| Q3 24 | $108.4M | $252.2M | ||
| Q2 24 | $105.9M | $242.3M |
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | — | ||
| Q3 25 | $26.5M | $28.2M | ||
| Q2 25 | $20.2M | $33.9M | ||
| Q1 25 | $16.7M | $64.1M | ||
| Q4 24 | $26.4M | $48.8M | ||
| Q3 24 | $35.6M | $53.1M | ||
| Q2 24 | $35.3M | $52.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 50.7% | ||
| Q2 25 | — | 48.2% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 50.2% | ||
| Q3 24 | — | 54.1% | ||
| Q2 24 | — | 52.9% |
| Q1 26 | 52.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 10.9% | ||
| Q2 25 | — | 12.7% | ||
| Q1 25 | — | 23.7% | ||
| Q4 24 | — | 16.1% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | 20.2% |
| Q1 26 | 38.2% | — | ||
| Q4 25 | 28.0% | — | ||
| Q3 25 | 23.2% | 12.9% | ||
| Q2 25 | 17.8% | 13.4% | ||
| Q1 25 | 15.4% | 24.0% | ||
| Q4 24 | 23.5% | 18.5% | ||
| Q3 24 | 32.8% | 21.0% | ||
| Q2 24 | 33.4% | 21.9% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | — | ||
| Q3 25 | $0.14 | $0.57 | ||
| Q2 25 | $0.10 | $0.69 | ||
| Q1 25 | $0.09 | $1.30 | ||
| Q4 24 | $0.13 | $0.98 | ||
| Q3 24 | $0.19 | $1.07 | ||
| Q2 24 | $0.19 | $1.07 |
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 | $603.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $2.0B |
| Total Assets | $5.8B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | — | ||
| Q3 25 | $82.0M | $603.1M | ||
| Q2 25 | $20.8M | $217.5M | ||
| Q1 25 | $9.6M | $203.7M | ||
| Q4 24 | $14.8M | $212.9M | ||
| Q3 24 | $9.0M | $188.7M | ||
| Q2 24 | $18.3M | $172.6M |
| 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 | — | ||
| Q3 25 | $2.9B | $2.0B | ||
| Q2 25 | $2.9B | $2.0B | ||
| Q1 25 | $2.9B | $1.9B | ||
| Q4 24 | $3.0B | $1.9B | ||
| Q3 24 | $3.0B | $1.9B | ||
| Q2 24 | $3.1B | $1.8B |
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | — | ||
| Q3 25 | $5.5B | $2.2B | ||
| Q2 25 | $5.3B | $2.1B | ||
| Q1 25 | $5.2B | $2.1B | ||
| Q4 24 | $5.2B | $2.1B | ||
| Q3 24 | $5.3B | $2.1B | ||
| Q2 24 | $5.3B | $2.0B |
| 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 | — | $83.4M |
| Free Cash FlowOCF − Capex | — | $82.0M |
| FCF MarginFCF / Revenue | — | 37.6% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | — | 2.95× |
| TTM Free Cash FlowTrailing 4 quarters | — | $261.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $299.5M | — | ||
| Q3 25 | $64.2M | $83.4M | ||
| Q2 25 | $79.3M | $57.9M | ||
| Q1 25 | $71.5M | $92.0M | ||
| Q4 24 | $276.3M | $56.0M | ||
| Q3 24 | $67.3M | $67.2M | ||
| Q2 24 | $74.2M | $65.3M |
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | — | ||
| Q3 25 | $58.0M | $82.0M | ||
| Q2 25 | $76.7M | $44.2M | ||
| Q1 25 | $57.1M | $83.7M | ||
| Q4 24 | $259.5M | $51.4M | ||
| Q3 24 | $60.3M | $59.2M | ||
| Q2 24 | $74.0M | $53.0M |
| Q1 26 | — | — | ||
| Q4 25 | 228.1% | — | ||
| Q3 25 | 50.8% | 37.6% | ||
| Q2 25 | 67.9% | 17.4% | ||
| Q1 25 | 52.5% | 31.4% | ||
| Q4 24 | 231.4% | 19.5% | ||
| Q3 24 | 55.6% | 23.5% | ||
| Q2 24 | 69.9% | 21.9% |
| Q1 26 | — | — | ||
| Q4 25 | 25.1% | — | ||
| Q3 25 | 5.4% | 0.6% | ||
| Q2 25 | 2.3% | 5.4% | ||
| Q1 25 | 13.2% | 3.1% | ||
| Q4 24 | 15.0% | 1.8% | ||
| Q3 24 | 6.5% | 3.2% | ||
| Q2 24 | 0.2% | 5.1% |
| Q1 26 | — | — | ||
| Q4 25 | 9.04× | — | ||
| Q3 25 | 2.43× | 2.95× | ||
| Q2 25 | 3.93× | 1.71× | ||
| Q1 25 | 4.27× | 1.44× | ||
| Q4 24 | 10.47× | 1.15× | ||
| Q3 24 | 1.89× | 1.27× | ||
| Q2 24 | 2.10× | 1.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BNL
Segment breakdown not available.
ONTO
| Systems And Software Revenue | $173.8M | 80% |
| Parts Revenue | $23.9M | 11% |
| Service Revenue | $20.5M | 9% |
