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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and QUALYS, INC. (QLYS). Click either name above to swap in a different company.
QUALYS, INC. is the larger business by last-quarter revenue ($175.3M vs $121.4M, roughly 1.4× Broadstone Net Lease, Inc.). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs 30.3%, a 7.9% gap on every dollar of revenue. On growth, Broadstone Net Lease, Inc. posted the faster year-over-year revenue change (11.7% vs 10.1%). Over the past eight quarters, QUALYS, INC.'s revenue compounded faster (9.6% 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.
Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.
BNL vs QLYS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $175.3M |
| Net Profit | $46.4M | $53.1M |
| Gross Margin | — | 83.4% |
| Operating Margin | 52.2% | 33.6% |
| Net Margin | 38.2% | 30.3% |
| Revenue YoY | 11.7% | 10.1% |
| Net Profit YoY | — | 20.9% |
| EPS (diluted) | $0.24 | $1.47 |
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 | $175.3M | ||
| Q3 25 | $114.2M | $169.9M | ||
| Q2 25 | $113.0M | $164.1M | ||
| Q1 25 | $108.7M | $159.9M | ||
| Q4 24 | $112.1M | $159.2M | ||
| Q3 24 | $108.4M | $153.9M | ||
| Q2 24 | $105.9M | $148.7M |
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | $53.1M | ||
| Q3 25 | $26.5M | $50.3M | ||
| Q2 25 | $20.2M | $47.3M | ||
| Q1 25 | $16.7M | $47.5M | ||
| Q4 24 | $26.4M | $44.0M | ||
| Q3 24 | $35.6M | $46.2M | ||
| Q2 24 | $35.3M | $43.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 83.4% | ||
| Q3 25 | — | 83.6% | ||
| Q2 25 | — | 82.4% | ||
| Q1 25 | — | 81.9% | ||
| Q4 24 | — | 81.8% | ||
| Q3 24 | — | 81.3% | ||
| Q2 24 | — | 82.2% |
| Q1 26 | 52.2% | — | ||
| Q4 25 | — | 33.6% | ||
| Q3 25 | — | 35.3% | ||
| Q2 25 | — | 31.3% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | — | 31.0% | ||
| Q3 24 | — | 29.2% | ||
| Q2 24 | — | 32.3% |
| Q1 26 | 38.2% | — | ||
| Q4 25 | 28.0% | 30.3% | ||
| Q3 25 | 23.2% | 29.6% | ||
| Q2 25 | 17.8% | 28.8% | ||
| Q1 25 | 15.4% | 29.7% | ||
| Q4 24 | 23.5% | 27.6% | ||
| Q3 24 | 32.8% | 30.0% | ||
| Q2 24 | 33.4% | 29.4% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | $1.47 | ||
| Q3 25 | $0.14 | $1.39 | ||
| Q2 25 | $0.10 | $1.29 | ||
| Q1 25 | $0.09 | $1.29 | ||
| Q4 24 | $0.13 | $1.19 | ||
| Q3 24 | $0.19 | $1.24 | ||
| Q2 24 | $0.19 | $1.17 |
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 | $250.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $561.2M |
| Total Assets | $5.8B | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | $250.3M | ||
| Q3 25 | $82.0M | $225.3M | ||
| Q2 25 | $20.8M | $194.0M | ||
| Q1 25 | $9.6M | $290.7M | ||
| Q4 24 | $14.8M | $232.2M | ||
| Q3 24 | $9.0M | $235.4M | ||
| Q2 24 | $18.3M | $281.2M |
| 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 | $561.2M | ||
| Q3 25 | $2.9B | $529.4M | ||
| Q2 25 | $2.9B | $508.2M | ||
| Q1 25 | $2.9B | $498.0M | ||
| Q4 24 | $3.0B | $477.1M | ||
| Q3 24 | $3.0B | $449.6M | ||
| Q2 24 | $3.1B | $427.8M |
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | $1.1B | ||
| Q3 25 | $5.5B | $1.0B | ||
| Q2 25 | $5.3B | $999.5M | ||
| Q1 25 | $5.2B | $996.5M | ||
| Q4 24 | $5.2B | $973.5M | ||
| Q3 24 | $5.3B | $908.3M | ||
| Q2 24 | $5.3B | $876.6M |
| 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 | — | $75.7M |
| Free Cash FlowOCF − Capex | — | $74.9M |
| FCF MarginFCF / Revenue | — | 42.8% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | — | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | — | $304.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $299.5M | $75.7M | ||
| Q3 25 | $64.2M | $90.4M | ||
| Q2 25 | $79.3M | $33.8M | ||
| Q1 25 | $71.5M | $109.6M | ||
| Q4 24 | $276.3M | $47.7M | ||
| Q3 24 | $67.3M | $61.0M | ||
| Q2 24 | $74.2M | $49.8M |
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | $74.9M | ||
| Q3 25 | $58.0M | $89.5M | ||
| Q2 25 | $76.7M | $32.4M | ||
| Q1 25 | $57.1M | $107.5M | ||
| Q4 24 | $259.5M | $41.9M | ||
| Q3 24 | $60.3M | $57.6M | ||
| Q2 24 | $74.0M | $48.8M |
| Q1 26 | — | — | ||
| Q4 25 | 228.1% | 42.8% | ||
| Q3 25 | 50.8% | 52.7% | ||
| Q2 25 | 67.9% | 19.8% | ||
| Q1 25 | 52.5% | 67.3% | ||
| Q4 24 | 231.4% | 26.3% | ||
| Q3 24 | 55.6% | 37.4% | ||
| Q2 24 | 69.9% | 32.8% |
| Q1 26 | — | — | ||
| Q4 25 | 25.1% | 0.4% | ||
| Q3 25 | 5.4% | 0.5% | ||
| Q2 25 | 2.3% | 0.8% | ||
| Q1 25 | 13.2% | 1.3% | ||
| Q4 24 | 15.0% | 3.7% | ||
| Q3 24 | 6.5% | 2.2% | ||
| Q2 24 | 0.2% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 9.04× | 1.42× | ||
| Q3 25 | 2.43× | 1.80× | ||
| Q2 25 | 3.93× | 0.71× | ||
| Q1 25 | 4.27× | 2.31× | ||
| Q4 24 | 10.47× | 1.09× | ||
| Q3 24 | 1.89× | 1.32× | ||
| Q2 24 | 2.10× | 1.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BNL
Segment breakdown not available.
QLYS
| Sales Channel Through Intermediary | $88.6M | 51% |
| Sales Channel Directly To Consumer | $86.7M | 49% |
