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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) and Global Net Lease, Inc. (GNL). Click either name above to swap in a different company.

Global Net Lease, Inc. is the larger business by last-quarter revenue ($117.0M vs $71.0M, roughly 1.6× Cheer Holding, Inc.). Global Net Lease, Inc. runs the higher net margin — 41.2% vs 10.9%, a 30.3% gap on every dollar of revenue. On growth, Cheer Holding, Inc. posted the faster year-over-year revenue change (-0.1% vs -15.1%).

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

Global Net Lease, Inc. is a publicly traded real estate investment trust that acquires, owns and manages a diversified portfolio of commercial real estate assets under long-term net lease contracts. Its property portfolio spans North America and Europe, covering industrial, office, retail and other key sectors, serving tenants across multiple industries to deliver consistent long-term returns for shareholders.

CHR vs GNL — Head-to-Head

Bigger by revenue
GNL
GNL
1.6× larger
GNL
$117.0M
$71.0M
CHR
Growing faster (revenue YoY)
CHR
CHR
+15.0% gap
CHR
-0.1%
-15.1%
GNL
Higher net margin
GNL
GNL
30.3% more per $
GNL
41.2%
10.9%
CHR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CHR
CHR
GNL
GNL
Revenue
$71.0M
$117.0M
Net Profit
$7.8M
$48.2M
Gross Margin
70.7%
Operating Margin
11.7%
94.7%
Net Margin
10.9%
41.2%
Revenue YoY
-0.1%
-15.1%
Net Profit YoY
-37.5%
838.7%
EPS (diluted)
$0.67
$0.14

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
CHR
CHR
GNL
GNL
Q4 25
$117.0M
Q3 25
$121.0M
Q2 25
$71.0M
$124.9M
Q1 25
$132.4M
Q4 24
$137.8M
Q3 24
$138.7M
Q2 24
$71.1M
$145.5M
Q1 24
$147.9M
Net Profit
CHR
CHR
GNL
GNL
Q4 25
$48.2M
Q3 25
$-60.1M
Q2 25
$7.8M
$-24.1M
Q1 25
$-189.4M
Q4 24
$-6.5M
Q3 24
$-65.6M
Q2 24
$12.4M
$-35.7M
Q1 24
$-23.8M
Gross Margin
CHR
CHR
GNL
GNL
Q4 25
Q3 25
Q2 25
70.7%
Q1 25
Q4 24
Q3 24
Q2 24
73.4%
Q1 24
Operating Margin
CHR
CHR
GNL
GNL
Q4 25
94.7%
Q3 25
-11.7%
Q2 25
11.7%
33.9%
Q1 25
-21.1%
Q4 24
40.8%
Q3 24
9.3%
Q2 24
16.4%
42.6%
Q1 24
38.6%
Net Margin
CHR
CHR
GNL
GNL
Q4 25
41.2%
Q3 25
-49.7%
Q2 25
10.9%
-19.3%
Q1 25
-143.0%
Q4 24
-4.7%
Q3 24
-47.3%
Q2 24
17.5%
-24.5%
Q1 24
-16.1%
EPS (diluted)
CHR
CHR
GNL
GNL
Q4 25
$0.14
Q3 25
$-0.32
Q2 25
$0.67
$-0.16
Q1 25
$-0.87
Q4 24
$-0.08
Q3 24
$-0.33
Q2 24
$1.23
$-0.20
Q1 24
$-0.15

Balance Sheet & Financial Strength

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

Metric
CHR
CHR
GNL
GNL
Cash + ST InvestmentsLiquidity on hand
$180.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$322.1M
$1.7B
Total Assets
$362.7M
$4.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
GNL
GNL
Q4 25
$180.1M
Q3 25
$165.1M
Q2 25
$144.8M
Q1 25
$147.0M
Q4 24
$159.7M
Q3 24
$127.2M
Q2 24
$186.1M
$122.2M
Q1 24
$131.9M
Stockholders' Equity
CHR
CHR
GNL
GNL
Q4 25
$1.7B
Q3 25
$1.7B
Q2 25
$322.1M
$1.8B
Q1 25
$1.9B
Q4 24
$2.2B
Q3 24
$2.3B
Q2 24
$286.1M
$2.4B
Q1 24
$2.5B
Total Assets
CHR
CHR
GNL
GNL
Q4 25
$4.3B
Q3 25
$4.8B
Q2 25
$362.7M
$5.0B
Q1 25
$5.8B
Q4 24
$7.0B
Q3 24
$7.3B
Q2 24
$333.2M
$7.6B
Q1 24
$8.0B

Cash Flow & Capital Efficiency

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

Metric
CHR
CHR
GNL
GNL
Operating Cash FlowLast quarter
$3.9M
$222.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.51×
4.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
GNL
GNL
Q4 25
$222.8M
Q3 25
$56.0M
Q2 25
$3.9M
$52.0M
Q1 25
$59.2M
Q4 24
$299.5M
Q3 24
$62.1M
Q2 24
$-6.7M
$70.4M
Q1 24
$92.2M
Cash Conversion
CHR
CHR
GNL
GNL
Q4 25
4.62×
Q3 25
Q2 25
0.51×
Q1 25
Q4 24
Q3 24
Q2 24
-0.54×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHR
CHR

Segment breakdown not available.

GNL
GNL

Industrial And Distribution Segment$56.0M48%
Office Segment$30.8M26%
Single Tenant Retail Segment$30.2M26%

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