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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and Wingstop Inc. (WING). Click either name above to swap in a different company.
Wingstop Inc. is the larger business by last-quarter revenue ($183.7M vs $121.4M, roughly 1.5× Broadstone Net Lease, Inc.). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs 16.3%, a 21.9% gap on every dollar of revenue. On growth, Broadstone Net Lease, Inc. posted the faster year-over-year revenue change (11.7% vs 7.4%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% 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.
Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.
BNL vs WING — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $183.7M |
| Net Profit | $46.4M | $29.9M |
| Gross Margin | — | 86.5% |
| Operating Margin | 52.2% | 27.4% |
| Net Margin | 38.2% | 16.3% |
| Revenue YoY | 11.7% | 7.4% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.24 | $1.08 |
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 | $183.7M | ||
| Q4 25 | $118.3M | $175.7M | ||
| Q3 25 | $114.2M | $175.7M | ||
| Q2 25 | $113.0M | $174.3M | ||
| Q1 25 | $108.7M | $171.1M | ||
| Q4 24 | $112.1M | $161.8M | ||
| Q3 24 | $108.4M | $162.5M | ||
| Q2 24 | $105.9M | $155.7M |
| Q1 26 | $46.4M | $29.9M | ||
| Q4 25 | $33.1M | $26.8M | ||
| Q3 25 | $26.5M | $28.5M | ||
| Q2 25 | $20.2M | $26.8M | ||
| Q1 25 | $16.7M | $92.3M | ||
| Q4 24 | $26.4M | $26.8M | ||
| Q3 24 | $35.6M | $25.7M | ||
| Q2 24 | $35.3M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 85.6% | ||
| Q3 24 | — | 85.0% | ||
| Q2 24 | — | 85.4% |
| Q1 26 | 52.2% | 27.4% | ||
| Q4 25 | — | 26.7% | ||
| Q3 25 | — | 27.9% | ||
| Q2 25 | — | 25.9% | ||
| Q1 25 | — | 22.4% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | — | 26.5% |
| Q1 26 | 38.2% | 16.3% | ||
| Q4 25 | 28.0% | 15.2% | ||
| Q3 25 | 23.2% | 16.2% | ||
| Q2 25 | 17.8% | 15.4% | ||
| Q1 25 | 15.4% | 53.9% | ||
| Q4 24 | 23.5% | 16.5% | ||
| Q3 24 | 32.8% | 15.8% | ||
| Q2 24 | 33.4% | 17.7% |
| Q1 26 | $0.24 | $1.08 | ||
| Q4 25 | $0.17 | $0.99 | ||
| Q3 25 | $0.14 | $1.02 | ||
| Q2 25 | $0.10 | $0.96 | ||
| Q1 25 | $0.09 | $3.24 | ||
| Q4 24 | $0.13 | $0.91 | ||
| Q3 24 | $0.19 | $0.88 | ||
| Q2 24 | $0.19 | $0.93 |
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 | $128.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | — |
| Total Assets | $5.8B | $648.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | $128.8M | ||
| Q4 25 | $30.5M | $196.6M | ||
| Q3 25 | $82.0M | $237.6M | ||
| Q2 25 | $20.8M | $227.9M | ||
| Q1 25 | $9.6M | $251.4M | ||
| Q4 24 | $14.8M | $315.9M | ||
| Q3 24 | $9.0M | $84.0M | ||
| Q2 24 | $18.3M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $1.2B | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $3.0B | — | ||
| Q4 25 | $2.9B | $-736.8M | ||
| Q3 25 | $2.9B | $-702.6M | ||
| Q2 25 | $2.9B | $-686.0M | ||
| Q1 25 | $2.9B | $-715.0M | ||
| Q4 24 | $3.0B | $-675.6M | ||
| Q3 24 | $3.0B | $-447.5M | ||
| Q2 24 | $3.1B | $-437.5M |
| Q1 26 | $5.8B | $648.9M | ||
| Q4 25 | $5.7B | $693.4M | ||
| Q3 25 | $5.5B | $721.0M | ||
| Q2 25 | $5.3B | $708.3M | ||
| Q1 25 | $5.2B | $696.8M | ||
| Q4 24 | $5.2B | $716.2M | ||
| Q3 24 | $5.3B | $484.8M | ||
| Q2 24 | $5.3B | $451.8M |
| 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.
Revenue Breakdown by Segment
BNL
Segment breakdown not available.
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
