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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and Telesat Corp (TSAT). 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 $73.8M, roughly 1.6× Telesat Corp). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs -119.8%, a 158.0% gap on every dollar of revenue. Over the past eight quarters, Broadstone Net Lease, Inc.'s revenue compounded faster (7.1% CAGR vs -64.0%).
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.
Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.
BNL vs TSAT — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $73.8M |
| Net Profit | $46.4M | $-88.4M |
| Gross Margin | — | 95.3% |
| Operating Margin | 52.2% | 5.9% |
| Net Margin | 38.2% | -119.8% |
| Revenue YoY | 11.7% | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.24 | — |
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 | $73.8M | ||
| Q2 25 | $113.0M | $77.5M | ||
| Q1 25 | $108.7M | $152.2M | ||
| Q4 24 | $112.1M | — | ||
| Q3 24 | $108.4M | — | ||
| Q2 24 | $105.9M | $363.2M |
| Q1 26 | $46.4M | — | ||
| Q4 25 | $33.1M | — | ||
| Q3 25 | $26.5M | $-88.4M | ||
| Q2 25 | $20.2M | $55.1M | ||
| Q1 25 | $16.7M | $-52.3M | ||
| Q4 24 | $26.4M | — | ||
| Q3 24 | $35.6M | — | ||
| Q2 24 | $35.3M | $547.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 95.3% | ||
| Q2 25 | — | 95.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 52.2% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 38.2% | — | ||
| Q4 25 | 28.0% | — | ||
| Q3 25 | 23.2% | -119.8% | ||
| Q2 25 | 17.8% | 71.2% | ||
| Q1 25 | 15.4% | -34.4% | ||
| Q4 24 | 23.5% | — | ||
| Q3 24 | 32.8% | — | ||
| Q2 24 | 33.4% | 150.7% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.17 | — | ||
| Q3 25 | $0.14 | — | ||
| Q2 25 | $0.10 | — | ||
| Q1 25 | $0.09 | — | ||
| Q4 24 | $0.13 | — | ||
| Q3 24 | $0.19 | — | ||
| Q2 24 | $0.19 | — |
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 | $352.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $1.6B |
| Total Assets | $5.8B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | — | ||
| Q4 25 | $30.5M | — | ||
| Q3 25 | $82.0M | $352.3M | ||
| Q2 25 | $20.8M | $399.6M | ||
| Q1 25 | $9.6M | $552.1M | ||
| Q4 24 | $14.8M | — | ||
| Q3 24 | $9.0M | — | ||
| Q2 24 | $18.3M | $1.7B |
| 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 | — | ||
| Q3 25 | $2.9B | $1.6B | ||
| Q2 25 | $2.9B | $1.7B | ||
| Q1 25 | $2.9B | $2.5B | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $3.1B | $2.4B |
| Q1 26 | $5.8B | — | ||
| Q4 25 | $5.7B | — | ||
| Q3 25 | $5.5B | $5.1B | ||
| Q2 25 | $5.3B | $4.9B | ||
| Q1 25 | $5.2B | $6.9B | ||
| Q4 24 | $5.2B | — | ||
| Q3 24 | $5.3B | — | ||
| Q2 24 | $5.3B | $6.3B |
| 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× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
