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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and Sprout Social, Inc. (SPT). 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 $120.9M, roughly 1.0× Sprout Social, Inc.). On growth, Sprout Social, Inc. posted the faster year-over-year revenue change (12.9% vs 11.7%). Over the past eight quarters, Sprout Social, Inc.'s revenue compounded faster (11.8% 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.

Sprout Social, Inc. is a technology company that runs a social media management platform. A public company headquartered in Chicago, it was founded in 2010 by Justyn Howard, Aaron Rankin, Gil Lara, and Peter Soung.

BNL vs SPT — Head-to-Head

Bigger by revenue
BNL
BNL
1.0× larger
BNL
$121.4M
$120.9M
SPT
Growing faster (revenue YoY)
SPT
SPT
+1.2% gap
SPT
12.9%
11.7%
BNL
Faster 2-yr revenue CAGR
SPT
SPT
Annualised
SPT
11.8%
7.1%
BNL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BNL
BNL
SPT
SPT
Revenue
$121.4M
$120.9M
Net Profit
$46.4M
Gross Margin
77.6%
Operating Margin
52.2%
-9.0%
Net Margin
38.2%
Revenue YoY
11.7%
12.9%
Net Profit YoY
EPS (diluted)
$0.24
$-0.18

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
SPT
SPT
Q1 26
$121.4M
Q4 25
$118.3M
$120.9M
Q3 25
$114.2M
$115.6M
Q2 25
$113.0M
$111.8M
Q1 25
$108.7M
$109.3M
Q4 24
$112.1M
$107.1M
Q3 24
$108.4M
$102.6M
Q2 24
$105.9M
$99.4M
Net Profit
BNL
BNL
SPT
SPT
Q1 26
$46.4M
Q4 25
$33.1M
Q3 25
$26.5M
$-9.4M
Q2 25
$20.2M
$-12.0M
Q1 25
$16.7M
$-11.2M
Q4 24
$26.4M
Q3 24
$35.6M
$-17.1M
Q2 24
$35.3M
$-16.9M
Gross Margin
BNL
BNL
SPT
SPT
Q1 26
Q4 25
77.6%
Q3 25
77.7%
Q2 25
77.7%
Q1 25
77.3%
Q4 24
78.1%
Q3 24
77.4%
Q2 24
77.5%
Operating Margin
BNL
BNL
SPT
SPT
Q1 26
52.2%
Q4 25
-9.0%
Q3 25
-7.9%
Q2 25
-11.0%
Q1 25
-10.2%
Q4 24
-12.8%
Q3 24
-16.4%
Q2 24
-16.6%
Net Margin
BNL
BNL
SPT
SPT
Q1 26
38.2%
Q4 25
28.0%
Q3 25
23.2%
-8.1%
Q2 25
17.8%
-10.7%
Q1 25
15.4%
-10.3%
Q4 24
23.5%
Q3 24
32.8%
-16.6%
Q2 24
33.4%
-17.0%
EPS (diluted)
BNL
BNL
SPT
SPT
Q1 26
$0.24
Q4 25
$0.17
$-0.18
Q3 25
$0.14
$-0.16
Q2 25
$0.10
$-0.21
Q1 25
$0.09
$-0.19
Q4 24
$0.13
$-0.25
Q3 24
$0.19
$-0.30
Q2 24
$0.19
$-0.30

Balance Sheet & Financial Strength

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

Metric
BNL
BNL
SPT
SPT
Cash + ST InvestmentsLiquidity on hand
$20.3M
$95.3M
Total DebtLower is stronger
$40.0M
Stockholders' EquityBook value
$3.0B
$203.4M
Total Assets
$5.8B
$523.1M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNL
BNL
SPT
SPT
Q1 26
$20.3M
Q4 25
$30.5M
$95.3M
Q3 25
$82.0M
$90.6M
Q2 25
$20.8M
$101.5M
Q1 25
$9.6M
$100.9M
Q4 24
$14.8M
$86.4M
Q3 24
$9.0M
$82.9M
Q2 24
$18.3M
$80.9M
Total Debt
BNL
BNL
SPT
SPT
Q1 26
Q4 25
$2.5B
$40.0M
Q3 25
$2.4B
Q2 25
$2.1B
Q1 25
$2.0B
Q4 24
$1.9B
$25.0M
Q3 24
$2.0B
Q2 24
$1.9B
Stockholders' Equity
BNL
BNL
SPT
SPT
Q1 26
$3.0B
Q4 25
$2.9B
$203.4M
Q3 25
$2.9B
$194.1M
Q2 25
$2.9B
$184.6M
Q1 25
$2.9B
$175.3M
Q4 24
$3.0B
$166.6M
Q3 24
$3.0B
$158.1M
Q2 24
$3.1B
$152.1M
Total Assets
BNL
BNL
SPT
SPT
Q1 26
$5.8B
Q4 25
$5.7B
$523.1M
Q3 25
$5.5B
$481.4M
Q2 25
$5.3B
$422.9M
Q1 25
$5.2B
$424.7M
Q4 24
$5.2B
$428.3M
Q3 24
$5.3B
$388.8M
Q2 24
$5.3B
$393.6M
Debt / Equity
BNL
BNL
SPT
SPT
Q1 26
Q4 25
0.87×
0.20×
Q3 25
0.82×
Q2 25
0.73×
Q1 25
0.68×
Q4 24
0.64×
0.15×
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
BNL
BNL
SPT
SPT
Operating Cash FlowLast quarter
$10.9M
Free Cash FlowOCF − Capex
$9.9M
FCF MarginFCF / Revenue
8.2%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$39.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNL
BNL
SPT
SPT
Q1 26
Q4 25
$299.5M
$10.9M
Q3 25
$64.2M
$9.3M
Q2 25
$79.3M
$5.1M
Q1 25
$71.5M
$18.1M
Q4 24
$276.3M
$4.1M
Q3 24
$67.3M
$9.0M
Q2 24
$74.2M
$2.1M
Free Cash Flow
BNL
BNL
SPT
SPT
Q1 26
Q4 25
$269.8M
$9.9M
Q3 25
$58.0M
$8.5M
Q2 25
$76.7M
$4.2M
Q1 25
$57.1M
$16.7M
Q4 24
$259.5M
$3.3M
Q3 24
$60.3M
$8.5M
Q2 24
$74.0M
$1.6M
FCF Margin
BNL
BNL
SPT
SPT
Q1 26
Q4 25
228.1%
8.2%
Q3 25
50.8%
7.4%
Q2 25
67.9%
3.7%
Q1 25
52.5%
15.3%
Q4 24
231.4%
3.0%
Q3 24
55.6%
8.3%
Q2 24
69.9%
1.6%
Capex Intensity
BNL
BNL
SPT
SPT
Q1 26
Q4 25
25.1%
0.9%
Q3 25
5.4%
0.7%
Q2 25
2.3%
0.8%
Q1 25
13.2%
1.2%
Q4 24
15.0%
0.8%
Q3 24
6.5%
0.5%
Q2 24
0.2%
0.5%
Cash Conversion
BNL
BNL
SPT
SPT
Q1 26
Q4 25
9.04×
Q3 25
2.43×
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.

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