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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and SunOpta Inc. (STKL). Click either name above to swap in a different company.
SunOpta Inc. is the larger business by last-quarter revenue ($205.4M vs $121.4M, roughly 1.7× Broadstone Net Lease, Inc.). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs 0.4%, a 37.8% gap on every dollar of revenue. On growth, SunOpta Inc. posted the faster year-over-year revenue change (16.6% vs 11.7%). Over the past eight quarters, SunOpta Inc.'s revenue compounded faster (7.4% 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.
SunOpta, Inc. is a multi-national food and mineral company headquartered in Eden Prairie, Minnesota and founded in 1973 in Canada.
BNL vs STKL — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $205.4M |
| Net Profit | $46.4M | $816.0K |
| Gross Margin | — | 12.4% |
| Operating Margin | 52.2% | 3.3% |
| Net Margin | 38.2% | 0.4% |
| Revenue YoY | 11.7% | 16.6% |
| Net Profit YoY | — | 113.1% |
| EPS (diluted) | $0.24 | $0.01 |
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 | — | ||
| Q3 25 | $114.2M | $205.4M | ||
| Q2 25 | $113.0M | $191.5M | ||
| Q1 25 | $108.7M | $201.6M | ||
| Q4 24 | $112.1M | $193.9M | ||
| Q3 24 | $108.4M | $175.9M | ||
| Q2 24 | $105.9M | $169.5M |
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | — | ||
| Q3 25 | $26.5M | $816.0K | ||
| Q2 25 | $20.2M | $4.4M | ||
| Q1 25 | $16.7M | $4.8M | ||
| Q4 24 | $26.4M | $-8.7M | ||
| Q3 24 | $35.6M | $-6.2M | ||
| Q2 24 | $35.3M | $-5.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 12.4% | ||
| Q2 25 | — | 14.8% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 13.0% | ||
| Q2 24 | — | 12.5% |
| Q1 26 | 52.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 5.5% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 1.2% |
| Q1 26 | 38.2% | — | ||
| Q4 25 | 28.0% | — | ||
| Q3 25 | 23.2% | 0.4% | ||
| Q2 25 | 17.8% | 2.3% | ||
| Q1 25 | 15.4% | 2.4% | ||
| Q4 24 | 23.5% | -4.5% | ||
| Q3 24 | 32.8% | -3.5% | ||
| Q2 24 | 33.4% | -3.1% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | — | ||
| Q3 25 | $0.14 | $0.01 | ||
| Q2 25 | $0.10 | $0.03 | ||
| Q1 25 | $0.09 | $0.04 | ||
| Q4 24 | $0.13 | $-0.08 | ||
| Q3 24 | $0.19 | $-0.05 | ||
| Q2 24 | $0.19 | $-0.04 |
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 | $2.2M |
| Total DebtLower is stronger | — | $250.8M |
| Stockholders' EquityBook value | $3.0B | $162.8M |
| Total Assets | $5.8B | $694.1M |
| Debt / EquityLower = less leverage | — | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | — | ||
| Q3 25 | $82.0M | $2.2M | ||
| Q2 25 | $20.8M | $2.2M | ||
| Q1 25 | $9.6M | $2.3M | ||
| Q4 24 | $14.8M | $1.6M | ||
| Q3 24 | $9.0M | $2.9M | ||
| Q2 24 | $18.3M | $3.2M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.4B | $250.8M | ||
| Q2 25 | $2.1B | $263.3M | ||
| Q1 25 | $2.0B | $260.6M | ||
| Q4 24 | $1.9B | $265.2M | ||
| Q3 24 | $2.0B | $289.9M | ||
| Q2 24 | $1.9B | $303.1M |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | $162.8M | ||
| Q2 25 | $2.9B | $159.8M | ||
| Q1 25 | $2.9B | $154.8M | ||
| Q4 24 | $3.0B | $148.6M | ||
| Q3 24 | $3.0B | $155.0M | ||
| Q2 24 | $3.1B | $158.8M |
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | — | ||
| Q3 25 | $5.5B | $694.1M | ||
| Q2 25 | $5.3B | $704.9M | ||
| Q1 25 | $5.2B | $690.7M | ||
| Q4 24 | $5.2B | $668.5M | ||
| Q3 24 | $5.3B | $699.3M | ||
| Q2 24 | $5.3B | $704.7M |
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | — | ||
| Q3 25 | 0.82× | 1.54× | ||
| Q2 25 | 0.73× | 1.65× | ||
| Q1 25 | 0.68× | 1.68× | ||
| Q4 24 | 0.64× | 1.78× | ||
| Q3 24 | 0.65× | 1.87× | ||
| Q2 24 | 0.62× | 1.91× |
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 | — | $16.3M |
| Free Cash FlowOCF − Capex | — | $12.1M |
| FCF MarginFCF / Revenue | — | 5.9% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 20.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | $36.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $299.5M | — | ||
| Q3 25 | $64.2M | $16.3M | ||
| Q2 25 | $79.3M | $-4.5M | ||
| Q1 25 | $71.5M | $22.3M | ||
| Q4 24 | $276.3M | $33.1M | ||
| Q3 24 | $67.3M | $17.2M | ||
| Q2 24 | $74.2M | $-5.6M |
| Q1 26 | — | — | ||
| Q4 25 | $269.8M | — | ||
| Q3 25 | $58.0M | $12.1M | ||
| Q2 25 | $76.7M | $-9.2M | ||
| Q1 25 | $57.1M | $9.5M | ||
| Q4 24 | $259.5M | $24.0M | ||
| Q3 24 | $60.3M | $11.7M | ||
| Q2 24 | $74.0M | $-15.3M |
| Q1 26 | — | — | ||
| Q4 25 | 228.1% | — | ||
| Q3 25 | 50.8% | 5.9% | ||
| Q2 25 | 67.9% | -4.8% | ||
| Q1 25 | 52.5% | 4.7% | ||
| Q4 24 | 231.4% | 12.4% | ||
| Q3 24 | 55.6% | 6.6% | ||
| Q2 24 | 69.9% | -9.0% |
| Q1 26 | — | — | ||
| Q4 25 | 25.1% | — | ||
| Q3 25 | 5.4% | 2.1% | ||
| Q2 25 | 2.3% | 2.5% | ||
| Q1 25 | 13.2% | 6.3% | ||
| Q4 24 | 15.0% | 4.7% | ||
| Q3 24 | 6.5% | 3.2% | ||
| Q2 24 | 0.2% | 5.7% |
| Q1 26 | — | — | ||
| Q4 25 | 9.04× | — | ||
| Q3 25 | 2.43× | 20.03× | ||
| Q2 25 | 3.93× | -1.03× | ||
| Q1 25 | 4.27× | 4.63× | ||
| 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.
STKL
| Beverages And Broths | $161.4M | 79% |
| Fruit Snacks | $40.9M | 20% |
| Ingredients | $3.1M | 2% |
