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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and Shutterstock, Inc. (SSTK). Click either name above to swap in a different company.
Shutterstock, Inc. is the larger business by last-quarter revenue ($220.2M vs $121.4M, roughly 1.8× Broadstone Net Lease, Inc.). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs -7.3%, a 45.5% gap on every dollar of revenue. On growth, Broadstone Net Lease, Inc. posted the faster year-over-year revenue change (11.7% vs -12.0%). Over the past eight quarters, Broadstone Net Lease, Inc.'s revenue compounded faster (7.1% CAGR vs 1.4%).
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.
Shutterstock, Inc. is an American provider of stock photography, stock footage, stock music, and editing tools; it is headquartered in New York. Founded in 2002 by programmer and photographer Jon Oringer, Shutterstock maintains a library of around 200 million royalty-free stock photos, vector graphics, and illustrations, with around 10 million video clips and music tracks available for licensing. Originally a subscription site only, Shutterstock expanded beyond subscriptions into à la carte p...
BNL vs SSTK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $220.2M |
| Net Profit | $46.4M | $-16.0M |
| Gross Margin | — | 55.8% |
| Operating Margin | 52.2% | -1.1% |
| Net Margin | 38.2% | -7.3% |
| Revenue YoY | 11.7% | -12.0% |
| Net Profit YoY | — | -1021.0% |
| EPS (diluted) | $0.24 | $-0.47 |
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 | $220.2M | ||
| Q3 25 | $114.2M | $260.1M | ||
| Q2 25 | $113.0M | $267.0M | ||
| Q1 25 | $108.7M | $242.6M | ||
| Q4 24 | $112.1M | $250.3M | ||
| Q3 24 | $108.4M | $250.6M | ||
| Q2 24 | $105.9M | $220.1M |
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | $-16.0M | ||
| Q3 25 | $26.5M | $13.4M | ||
| Q2 25 | $20.2M | $29.4M | ||
| Q1 25 | $16.7M | $18.7M | ||
| Q4 24 | $26.4M | $-1.4M | ||
| Q3 24 | $35.6M | $17.6M | ||
| Q2 24 | $35.3M | $3.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 55.8% | ||
| Q3 25 | — | 60.6% | ||
| Q2 25 | — | 60.3% | ||
| Q1 25 | — | 58.4% | ||
| Q4 24 | — | 55.1% | ||
| Q3 24 | — | 58.3% | ||
| Q2 24 | — | 58.5% |
| Q1 26 | 52.2% | — | ||
| Q4 25 | — | -1.1% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 13.0% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 9.4% |
| Q1 26 | 38.2% | — | ||
| Q4 25 | 28.0% | -7.3% | ||
| Q3 25 | 23.2% | 5.1% | ||
| Q2 25 | 17.8% | 11.0% | ||
| Q1 25 | 15.4% | 7.7% | ||
| Q4 24 | 23.5% | -0.6% | ||
| Q3 24 | 32.8% | 7.0% | ||
| Q2 24 | 33.4% | 1.6% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | $-0.47 | ||
| Q3 25 | $0.14 | $0.37 | ||
| Q2 25 | $0.10 | $0.82 | ||
| Q1 25 | $0.09 | $0.53 | ||
| Q4 24 | $0.13 | $-0.04 | ||
| Q3 24 | $0.19 | $0.50 | ||
| Q2 24 | $0.19 | $0.10 |
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 | $178.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $581.0M |
| Total Assets | $5.8B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | $178.2M | ||
| Q3 25 | $82.0M | $165.5M | ||
| Q2 25 | $20.8M | $116.4M | ||
| Q1 25 | $9.6M | $112.2M | ||
| Q4 24 | $14.8M | $111.3M | ||
| Q3 24 | $9.0M | $131.4M | ||
| Q2 24 | $18.3M | $74.9M |
| 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 | $581.0M | ||
| Q3 25 | $2.9B | $594.4M | ||
| Q2 25 | $2.9B | $586.2M | ||
| Q1 25 | $2.9B | $547.2M | ||
| Q4 24 | $3.0B | $518.4M | ||
| Q3 24 | $3.0B | $522.9M | ||
| Q2 24 | $3.1B | $520.4M |
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | $1.4B | ||
| Q3 25 | $5.5B | $1.4B | ||
| Q2 25 | $5.3B | $1.4B | ||
| Q1 25 | $5.2B | $1.3B | ||
| Q4 24 | $5.2B | $1.3B | ||
| Q3 24 | $5.3B | $1.3B | ||
| Q2 24 | $5.3B | $1.0B |
| 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 | — | $36.2M |
| Free Cash FlowOCF − Capex | — | $25.9M |
| FCF MarginFCF / Revenue | — | 11.8% |
| Capex IntensityCapex / Revenue | — | 4.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $123.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $299.5M | $36.2M | ||
| Q3 25 | $64.2M | $78.4M | ||
| Q2 25 | $79.3M | $26.8M | ||
| Q1 25 | $71.5M | $25.2M | ||
| Q4 24 | $276.3M | $8.0M | ||
| Q3 24 | $67.3M | $-11.6M | ||
| Q2 24 | $74.2M | $28.0M |
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | $25.9M | ||
| Q3 25 | $58.0M | $68.0M | ||
| Q2 25 | $76.7M | $15.5M | ||
| Q1 25 | $57.1M | $14.4M | ||
| Q4 24 | $259.5M | $-952.0K | ||
| Q3 24 | $60.3M | $-26.3M | ||
| Q2 24 | $74.0M | $18.9M |
| Q1 26 | — | — | ||
| Q4 25 | 228.1% | 11.8% | ||
| Q3 25 | 50.8% | 26.1% | ||
| Q2 25 | 67.9% | 5.8% | ||
| Q1 25 | 52.5% | 6.0% | ||
| Q4 24 | 231.4% | -0.4% | ||
| Q3 24 | 55.6% | -10.5% | ||
| Q2 24 | 69.9% | 8.6% |
| Q1 26 | — | — | ||
| Q4 25 | 25.1% | 4.7% | ||
| Q3 25 | 5.4% | 4.0% | ||
| Q2 25 | 2.3% | 4.2% | ||
| Q1 25 | 13.2% | 4.5% | ||
| Q4 24 | 15.0% | 3.6% | ||
| Q3 24 | 6.5% | 5.9% | ||
| Q2 24 | 0.2% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 9.04× | — | ||
| Q3 25 | 2.43× | 5.86× | ||
| Q2 25 | 3.93× | 0.91× | ||
| Q1 25 | 4.27× | 1.35× | ||
| Q4 24 | 10.47× | — | ||
| Q3 24 | 1.89× | -0.66× | ||
| Q2 24 | 2.10× | 7.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
