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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $121.4M, roughly 1.0× Broadstone Net Lease, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 38.2%, a 91.5% gap on every dollar of revenue. On growth, Broadstone Net Lease, Inc. posted the faster year-over-year revenue change (11.7% vs 4.7%). Over the past eight quarters, Broadstone Net Lease, Inc.'s revenue compounded faster (7.1% CAGR vs 5.9%).
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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
BNL vs PD — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $124.5M |
| Net Profit | $46.4M | $161.6M |
| Gross Margin | — | 85.3% |
| Operating Margin | 52.2% | 6.5% |
| Net Margin | 38.2% | 129.7% |
| Revenue YoY | 11.7% | 4.7% |
| Net Profit YoY | — | 2827.7% |
| EPS (diluted) | $0.24 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $114.2M | $123.4M | ||
| Q2 25 | $113.0M | $119.8M | ||
| Q1 25 | $108.7M | $121.4M | ||
| Q4 24 | $112.1M | $118.9M | ||
| Q3 24 | $108.4M | $115.9M | ||
| Q2 24 | $105.9M | $111.2M |
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | $161.6M | ||
| Q3 25 | $26.5M | $9.6M | ||
| Q2 25 | $20.2M | $-7.2M | ||
| Q1 25 | $16.7M | $-8.8M | ||
| Q4 24 | $26.4M | $-5.9M | ||
| Q3 24 | $35.6M | $-10.9M | ||
| Q2 24 | $35.3M | $-17.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | 84.0% | ||
| Q1 25 | — | 83.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 82.7% | ||
| Q2 24 | — | 82.6% |
| Q1 26 | 52.2% | — | ||
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | -8.6% | ||
| Q1 25 | — | -9.6% | ||
| Q4 24 | — | -8.7% | ||
| Q3 24 | — | -13.8% | ||
| Q2 24 | — | -19.5% |
| Q1 26 | 38.2% | — | ||
| Q4 25 | 28.0% | 129.7% | ||
| Q3 25 | 23.2% | 7.8% | ||
| Q2 25 | 17.8% | -6.0% | ||
| Q1 25 | 15.4% | -7.2% | ||
| Q4 24 | 23.5% | -5.0% | ||
| Q3 24 | 32.8% | -9.4% | ||
| Q2 24 | 33.4% | -15.4% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | $1.69 | ||
| Q3 25 | $0.14 | $0.10 | ||
| Q2 25 | $0.10 | $-0.07 | ||
| Q1 25 | $0.09 | $-0.12 | ||
| Q4 24 | $0.13 | $-0.07 | ||
| Q3 24 | $0.19 | $-0.14 | ||
| Q2 24 | $0.19 | $-0.26 |
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 | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $320.5M |
| Total Assets | $5.8B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | $547.8M | ||
| Q3 25 | $82.0M | $567.9M | ||
| Q2 25 | $20.8M | $597.1M | ||
| Q1 25 | $9.6M | $570.8M | ||
| Q4 24 | $14.8M | $542.2M | ||
| Q3 24 | $9.0M | $599.3M | ||
| Q2 24 | $18.3M | $592.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | $484.5M | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $320.5M | ||
| Q3 25 | $2.9B | $180.7M | ||
| Q2 25 | $2.9B | $145.7M | ||
| Q1 25 | $2.9B | $129.8M | ||
| Q4 24 | $3.0B | $111.6M | ||
| Q3 24 | $3.0B | $164.7M | ||
| Q2 24 | $3.1B | $174.0M |
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | $1.0B | ||
| Q3 25 | $5.5B | $891.5M | ||
| Q2 25 | $5.3B | $926.8M | ||
| Q1 25 | $5.2B | $927.3M | ||
| Q4 24 | $5.2B | $866.8M | ||
| Q3 24 | $5.3B | $916.0M | ||
| Q2 24 | $5.3B | $924.0M |
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.68× | 3.73× | ||
| 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 | — | $24.8M |
| Free Cash FlowOCF − Capex | — | $24.1M |
| FCF MarginFCF / Revenue | — | 19.3% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | — | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $299.5M | $24.8M | ||
| Q3 25 | $64.2M | $34.0M | ||
| Q2 25 | $79.3M | $30.7M | ||
| Q1 25 | $71.5M | $31.4M | ||
| Q4 24 | $276.3M | $22.1M | ||
| Q3 24 | $67.3M | $35.8M | ||
| Q2 24 | $74.2M | $28.6M |
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | $24.1M | ||
| Q3 25 | $58.0M | $33.1M | ||
| Q2 25 | $76.7M | $30.2M | ||
| Q1 25 | $57.1M | $30.3M | ||
| Q4 24 | $259.5M | $21.5M | ||
| Q3 24 | $60.3M | $35.1M | ||
| Q2 24 | $74.0M | $28.2M |
| Q1 26 | — | — | ||
| Q4 25 | 228.1% | 19.3% | ||
| Q3 25 | 50.8% | 26.8% | ||
| Q2 25 | 67.9% | 25.2% | ||
| Q1 25 | 52.5% | 24.9% | ||
| Q4 24 | 231.4% | 18.1% | ||
| Q3 24 | 55.6% | 30.3% | ||
| Q2 24 | 69.9% | 25.4% |
| Q1 26 | — | — | ||
| Q4 25 | 25.1% | 0.6% | ||
| Q3 25 | 5.4% | 0.7% | ||
| Q2 25 | 2.3% | 0.4% | ||
| Q1 25 | 13.2% | 0.9% | ||
| Q4 24 | 15.0% | 0.5% | ||
| Q3 24 | 6.5% | 0.5% | ||
| Q2 24 | 0.2% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 9.04× | 0.15× | ||
| Q3 25 | 2.43× | 3.55× | ||
| 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.
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
