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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and PUMA BIOTECHNOLOGY, INC. (PBYI). 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 $75.5M, roughly 1.6× PUMA BIOTECHNOLOGY, INC.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs 11.7%). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% 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.

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

BNL vs PBYI — Head-to-Head

Bigger by revenue
BNL
BNL
1.6× larger
BNL
$121.4M
$75.5M
PBYI
Growing faster (revenue YoY)
PBYI
PBYI
+16.0% gap
PBYI
27.7%
11.7%
BNL
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
7.1%
BNL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BNL
BNL
PBYI
PBYI
Revenue
$121.4M
$75.5M
Net Profit
$46.4M
Gross Margin
69.3%
Operating Margin
52.2%
22.7%
Net Margin
38.2%
Revenue YoY
11.7%
27.7%
Net Profit YoY
EPS (diluted)
$0.24
$0.26

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.

Revenue
BNL
BNL
PBYI
PBYI
Q1 26
$121.4M
Q4 25
$118.3M
$75.5M
Q3 25
$114.2M
$54.5M
Q2 25
$113.0M
$52.4M
Q1 25
$108.7M
$46.0M
Q4 24
$112.1M
$59.1M
Q3 24
$108.4M
$80.5M
Q2 24
$105.9M
$47.1M
Net Profit
BNL
BNL
PBYI
PBYI
Q1 26
$46.4M
Q4 25
$33.1M
Q3 25
$26.5M
$8.8M
Q2 25
$20.2M
$5.9M
Q1 25
$16.7M
$3.0M
Q4 24
$26.4M
Q3 24
$35.6M
$20.3M
Q2 24
$35.3M
$-4.5M
Gross Margin
BNL
BNL
PBYI
PBYI
Q1 26
Q4 25
69.3%
Q3 25
77.7%
Q2 25
76.5%
Q1 25
77.1%
Q4 24
76.4%
Q3 24
63.9%
Q2 24
77.4%
Operating Margin
BNL
BNL
PBYI
PBYI
Q1 26
52.2%
Q4 25
22.7%
Q3 25
17.6%
Q2 25
12.7%
Q1 25
8.7%
Q4 24
22.6%
Q3 24
27.4%
Q2 24
-4.6%
Net Margin
BNL
BNL
PBYI
PBYI
Q1 26
38.2%
Q4 25
28.0%
Q3 25
23.2%
16.2%
Q2 25
17.8%
11.2%
Q1 25
15.4%
6.5%
Q4 24
23.5%
Q3 24
32.8%
25.2%
Q2 24
33.4%
-9.6%
EPS (diluted)
BNL
BNL
PBYI
PBYI
Q1 26
$0.24
Q4 25
$0.17
$0.26
Q3 25
$0.14
$0.17
Q2 25
$0.10
$0.12
Q1 25
$0.09
$0.06
Q4 24
$0.13
$0.40
Q3 24
$0.19
$0.41
Q2 24
$0.19
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BNL
BNL
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$20.3M
$97.5M
Total DebtLower is stronger
$22.7M
Stockholders' EquityBook value
$3.0B
$130.3M
Total Assets
$5.8B
$216.3M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNL
BNL
PBYI
PBYI
Q1 26
$20.3M
Q4 25
$30.5M
$97.5M
Q3 25
$82.0M
$94.4M
Q2 25
$20.8M
$96.0M
Q1 25
$9.6M
$93.2M
Q4 24
$14.8M
$101.0M
Q3 24
$9.0M
$96.7M
Q2 24
$18.3M
$96.8M
Total Debt
BNL
BNL
PBYI
PBYI
Q1 26
Q4 25
$2.5B
$22.7M
Q3 25
$2.4B
$34.0M
Q2 25
$2.1B
$45.3M
Q1 25
$2.0B
$56.7M
Q4 24
$1.9B
$68.0M
Q3 24
$2.0B
$79.3M
Q2 24
$1.9B
$90.7M
Stockholders' Equity
BNL
BNL
PBYI
PBYI
Q1 26
$3.0B
Q4 25
$2.9B
$130.3M
Q3 25
$2.9B
$115.3M
Q2 25
$2.9B
$104.7M
Q1 25
$2.9B
$97.1M
Q4 24
$3.0B
$92.1M
Q3 24
$3.0B
$71.1M
Q2 24
$3.1B
$48.5M
Total Assets
BNL
BNL
PBYI
PBYI
Q1 26
$5.8B
Q4 25
$5.7B
$216.3M
Q3 25
$5.5B
$202.9M
Q2 25
$5.3B
$194.9M
Q1 25
$5.2B
$196.2M
Q4 24
$5.2B
$213.3M
Q3 24
$5.3B
$220.7M
Q2 24
$5.3B
$205.0M
Debt / Equity
BNL
BNL
PBYI
PBYI
Q1 26
Q4 25
0.87×
0.17×
Q3 25
0.82×
0.30×
Q2 25
0.73×
0.43×
Q1 25
0.68×
0.58×
Q4 24
0.64×
0.74×
Q3 24
0.65×
1.12×
Q2 24
0.62×
1.87×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BNL
BNL
PBYI
PBYI
Operating Cash FlowLast quarter
$14.4M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
19.1%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNL
BNL
PBYI
PBYI
Q1 26
Q4 25
$299.5M
$14.4M
Q3 25
$64.2M
$9.7M
Q2 25
$79.3M
$14.1M
Q1 25
$71.5M
$3.6M
Q4 24
$276.3M
$15.6M
Q3 24
$67.3M
$11.0M
Q2 24
$74.2M
$1.0M
Free Cash Flow
BNL
BNL
PBYI
PBYI
Q1 26
Q4 25
$269.8M
$14.4M
Q3 25
$58.0M
$9.7M
Q2 25
$76.7M
$14.1M
Q1 25
$57.1M
$3.6M
Q4 24
$259.5M
$15.6M
Q3 24
$60.3M
$11.0M
Q2 24
$74.0M
$1.0M
FCF Margin
BNL
BNL
PBYI
PBYI
Q1 26
Q4 25
228.1%
19.1%
Q3 25
50.8%
17.7%
Q2 25
67.9%
26.8%
Q1 25
52.5%
7.7%
Q4 24
231.4%
26.4%
Q3 24
55.6%
13.7%
Q2 24
69.9%
2.1%
Capex Intensity
BNL
BNL
PBYI
PBYI
Q1 26
Q4 25
25.1%
0.0%
Q3 25
5.4%
0.0%
Q2 25
2.3%
0.0%
Q1 25
13.2%
0.1%
Q4 24
15.0%
0.0%
Q3 24
6.5%
0.0%
Q2 24
0.2%
0.0%
Cash Conversion
BNL
BNL
PBYI
PBYI
Q1 26
Q4 25
9.04×
Q3 25
2.43×
1.10×
Q2 25
3.93×
2.41×
Q1 25
4.27×
1.21×
Q4 24
10.47×
Q3 24
1.89×
0.54×
Q2 24
2.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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