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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $121.4M, roughly 2.0× Broadstone Net Lease, Inc.). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs 5.0%, a 33.2% gap on every dollar of revenue. On growth, Broadstone Net Lease, Inc. posted the faster year-over-year revenue change (11.7% vs 11.5%). Over the past eight quarters, Broadstone Net Lease, Inc.'s revenue compounded faster (7.1% 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.
BNL vs OSW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $242.1M |
| Net Profit | $46.4M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | 52.2% | 6.8% |
| Net Margin | 38.2% | 5.0% |
| Revenue YoY | 11.7% | 11.5% |
| Net Profit YoY | — | -16.2% |
| EPS (diluted) | $0.24 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $114.2M | $258.5M | ||
| Q2 25 | $113.0M | $240.7M | ||
| Q1 25 | $108.7M | $219.6M | ||
| Q4 24 | $112.1M | $217.2M | ||
| Q3 24 | $108.4M | $241.7M | ||
| Q2 24 | $105.9M | $224.9M |
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | $12.1M | ||
| Q3 25 | $26.5M | $24.3M | ||
| Q2 25 | $20.2M | $19.9M | ||
| Q1 25 | $16.7M | $15.3M | ||
| Q4 24 | $26.4M | $14.4M | ||
| Q3 24 | $35.6M | $21.6M | ||
| Q2 24 | $35.3M | $15.8M |
| Q1 26 | 52.2% | — | ||
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 8.4% |
| Q1 26 | 38.2% | — | ||
| Q4 25 | 28.0% | 5.0% | ||
| Q3 25 | 23.2% | 9.4% | ||
| Q2 25 | 17.8% | 8.3% | ||
| Q1 25 | 15.4% | 7.0% | ||
| Q4 24 | 23.5% | 6.6% | ||
| Q3 24 | 32.8% | 8.9% | ||
| Q2 24 | 33.4% | 7.0% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | $0.12 | ||
| Q3 25 | $0.14 | $0.23 | ||
| Q2 25 | $0.10 | $0.19 | ||
| Q1 25 | $0.09 | $0.15 | ||
| Q4 24 | $0.13 | $0.13 | ||
| Q3 24 | $0.19 | $0.20 | ||
| Q2 24 | $0.19 | $0.15 |
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 | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $3.0B | $542.6M |
| Total Assets | $5.8B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | $16.3M | ||
| Q3 25 | $82.0M | $29.6M | ||
| Q2 25 | $20.8M | $35.0M | ||
| Q1 25 | $9.6M | $22.6M | ||
| Q4 24 | $14.8M | $57.4M | ||
| Q3 24 | $9.0M | $48.8M | ||
| Q2 24 | $18.3M | $62.5M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $84.0M | ||
| Q3 25 | $2.4B | $85.2M | ||
| Q2 25 | $2.1B | $96.2M | ||
| Q1 25 | $2.0B | $97.4M | ||
| Q4 24 | $1.9B | $98.6M | ||
| Q3 24 | $2.0B | $98.7M | ||
| Q2 24 | $1.9B | $123.8M |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $542.6M | ||
| Q3 25 | $2.9B | $552.8M | ||
| Q2 25 | $2.9B | $548.3M | ||
| Q1 25 | $2.9B | $530.6M | ||
| Q4 24 | $3.0B | $554.5M | ||
| Q3 24 | $3.0B | $540.1M | ||
| Q2 24 | $3.1B | $532.7M |
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | $707.1M | ||
| Q3 25 | $5.5B | $732.6M | ||
| Q2 25 | $5.3B | $731.8M | ||
| Q1 25 | $5.2B | $708.7M | ||
| Q4 24 | $5.2B | $746.4M | ||
| Q3 24 | $5.3B | $734.0M | ||
| Q2 24 | $5.3B | $756.8M |
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | 0.15× | ||
| Q3 25 | 0.82× | 0.15× | ||
| Q2 25 | 0.73× | 0.18× | ||
| Q1 25 | 0.68× | 0.18× | ||
| Q4 24 | 0.64× | 0.18× | ||
| Q3 24 | 0.65× | 0.18× | ||
| Q2 24 | 0.62× | 0.23× |
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 | — | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $299.5M | $20.0M | ||
| Q3 25 | $64.2M | $33.2M | ||
| Q2 25 | $79.3M | $20.3M | ||
| Q1 25 | $71.5M | $10.1M | ||
| Q4 24 | $276.3M | $16.6M | ||
| Q3 24 | $67.3M | $28.6M | ||
| Q2 24 | $74.2M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | $14.9M | ||
| Q3 25 | $58.0M | $27.6M | ||
| Q2 25 | $76.7M | $17.6M | ||
| Q1 25 | $57.1M | $8.4M | ||
| Q4 24 | $259.5M | $13.2M | ||
| Q3 24 | $60.3M | $27.5M | ||
| Q2 24 | $74.0M | $17.6M |
| Q1 26 | — | — | ||
| Q4 25 | 228.1% | 6.2% | ||
| Q3 25 | 50.8% | 10.7% | ||
| Q2 25 | 67.9% | 7.3% | ||
| Q1 25 | 52.5% | 3.8% | ||
| Q4 24 | 231.4% | 6.1% | ||
| Q3 24 | 55.6% | 11.4% | ||
| Q2 24 | 69.9% | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | 25.1% | 2.1% | ||
| Q3 25 | 5.4% | 2.2% | ||
| Q2 25 | 2.3% | 1.1% | ||
| Q1 25 | 13.2% | 0.8% | ||
| Q4 24 | 15.0% | 1.5% | ||
| Q3 24 | 6.5% | 0.5% | ||
| Q2 24 | 0.2% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 9.04× | 1.65× | ||
| Q3 25 | 2.43× | 1.36× | ||
| Q2 25 | 3.93× | 1.02× | ||
| Q1 25 | 4.27× | 0.66× | ||
| Q4 24 | 10.47× | 1.15× | ||
| Q3 24 | 1.89× | 1.33× | ||
| Q2 24 | 2.10× | 1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BNL
Segment breakdown not available.
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
