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Side-by-side financial comparison of Bon Natural Life Ltd (BON) and Alpine Income Property Trust, Inc. (PINE). Click either name above to swap in a different company.

Alpine Income Property Trust, Inc. is the larger business by last-quarter revenue ($18.4M vs $10.2M, roughly 1.8× Bon Natural Life Ltd). Alpine Income Property Trust, Inc. runs the higher net margin — 11.9% vs -0.4%, a 12.3% gap on every dollar of revenue.

ABP OPCO, LLC, doing business as Au Bon Pain, is an American fast casual restaurant, bakery, and café chain headquartered in Richardson, Texas, which as of 2025 operated 34 locations in the United States as well as several outlets in Thailand. The company is owned by the Yum! Brands franchisee management company AMPEX Brands.

Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that owns and operates a diversified portfolio of single-tenant net lease commercial properties across the United States. Its core asset segments include essential retail, industrial, and suburban office spaces, delivering stable recurring rental revenue to support consistent returns for its shareholders.

BON vs PINE — Head-to-Head

Bigger by revenue
PINE
PINE
1.8× larger
PINE
$18.4M
$10.2M
BON
Higher net margin
PINE
PINE
12.3% more per $
PINE
11.9%
-0.4%
BON

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
BON
BON
PINE
PINE
Revenue
$10.2M
$18.4M
Net Profit
$-41.8K
$2.2M
Gross Margin
29.1%
Operating Margin
0.8%
35.4%
Net Margin
-0.4%
11.9%
Revenue YoY
29.6%
Net Profit YoY
285.3%
EPS (diluted)
$0.06

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
BON
BON
PINE
PINE
Q1 26
$18.4M
Q4 25
$16.9M
Q3 25
$14.6M
Q2 25
$14.9M
Q1 25
$10.2M
$14.2M
Q4 24
$13.8M
Q3 24
$23.8M
$13.5M
Q2 24
$12.5M
Net Profit
BON
BON
PINE
PINE
Q1 26
$2.2M
Q4 25
$1.5M
Q3 25
$-1.3M
Q2 25
$-1.6M
Q1 25
$-41.8K
$-1.2M
Q4 24
$-958.0K
Q3 24
$398.2K
$3.1M
Q2 24
$204.0K
Gross Margin
BON
BON
PINE
PINE
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
29.1%
Q4 24
Q3 24
29.8%
Q2 24
Operating Margin
BON
BON
PINE
PINE
Q1 26
35.4%
Q4 25
35.3%
Q3 25
16.6%
Q2 25
16.8%
Q1 25
0.8%
16.0%
Q4 24
14.3%
Q3 24
7.9%
47.9%
Q2 24
24.0%
Net Margin
BON
BON
PINE
PINE
Q1 26
11.9%
Q4 25
8.7%
Q3 25
-9.0%
Q2 25
-11.0%
Q1 25
-0.4%
-8.3%
Q4 24
-6.9%
Q3 24
1.7%
22.8%
Q2 24
1.6%
EPS (diluted)
BON
BON
PINE
PINE
Q1 26
$0.06
Q4 25
$0.07
Q3 25
$-0.09
Q2 25
$-0.12
Q1 25
$-0.08
Q4 24
$-0.06
Q3 24
$4.14
$0.21
Q2 24
$0.01

Balance Sheet & Financial Strength

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

Metric
BON
BON
PINE
PINE
Cash + ST InvestmentsLiquidity on hand
$2.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$44.3M
$312.5M
Total Assets
$61.8M
$745.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BON
BON
PINE
PINE
Q1 26
$2.6M
Q4 25
$4.6M
Q3 25
$1.2M
Q2 25
$5.0M
Q1 25
$6.1M
Q4 24
$1.6M
Q3 24
$80.5K
$2.6M
Q2 24
$3.3M
Total Debt
BON
BON
PINE
PINE
Q1 26
Q4 25
$377.7M
Q3 25
$358.2M
Q2 25
$352.6M
Q1 25
$356.5M
Q4 24
$301.5M
Q3 24
$1.4M
$278.9M
Q2 24
$268.3M
Stockholders' Equity
BON
BON
PINE
PINE
Q1 26
$312.5M
Q4 25
$279.9M
Q3 25
$223.5M
Q2 25
$229.8M
Q1 25
$44.3M
$240.9M
Q4 24
$253.0M
Q3 24
$43.9M
$248.2M
Q2 24
$244.0M
Total Assets
BON
BON
PINE
PINE
Q1 26
$745.1M
Q4 25
$715.9M
Q3 25
$621.4M
Q2 25
$628.4M
Q1 25
$61.8M
$647.4M
Q4 24
$605.0M
Q3 24
$61.8M
$579.0M
Q2 24
$565.8M
Debt / Equity
BON
BON
PINE
PINE
Q1 26
Q4 25
1.35×
Q3 25
1.60×
Q2 25
1.53×
Q1 25
1.48×
Q4 24
1.19×
Q3 24
0.03×
1.12×
Q2 24
1.10×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BON
BON
PINE
PINE
Operating Cash FlowLast quarter
$-1.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BON
BON
PINE
PINE
Q1 26
Q4 25
$25.8M
Q3 25
$8.7M
Q2 25
$9.1M
Q1 25
$-1.9M
$5.8M
Q4 24
$23.4M
Q3 24
$-7.7M
$6.2M
Q2 24
$8.0M
Free Cash Flow
BON
BON
PINE
PINE
Q1 26
Q4 25
$-87.8M
Q3 25
$-48.8M
Q2 25
$-3.0M
Q1 25
$-55.5M
Q4 24
$-33.4M
Q3 24
$-7.7M
$-43.0M
Q2 24
$-13.5M
FCF Margin
BON
BON
PINE
PINE
Q1 26
Q4 25
-519.4%
Q3 25
-334.9%
Q2 25
-20.0%
Q1 25
-391.0%
Q4 24
-242.4%
Q3 24
-32.4%
-319.3%
Q2 24
-108.0%
Capex Intensity
BON
BON
PINE
PINE
Q1 26
Q4 25
671.8%
Q3 25
394.8%
Q2 25
81.2%
Q1 25
432.0%
Q4 24
412.3%
Q3 24
0.0%
365.4%
Q2 24
172.3%
Cash Conversion
BON
BON
PINE
PINE
Q1 26
Q4 25
17.48×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-19.40×
2.02×
Q2 24
39.37×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BON
BON

Segment breakdown not available.

PINE
PINE

Lease Income$12.6M68%
Other$5.8M31%
Other Revenue$46.0K0%

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