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Side-by-side financial comparison of Digital Realty (DLR) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
Digital Realty is the larger business by last-quarter revenue ($1.6B vs $1.4B, roughly 1.2× Lineage, Inc.). Digital Realty runs the higher net margin — 6.0% vs -7.3%, a 13.3% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs 3.1%).
Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
DLR vs LINE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.4B |
| Net Profit | $98.6M | $-100.0M |
| Gross Margin | — | 32.3% |
| Operating Margin | 6.9% | 2.5% |
| Net Margin | 6.0% | -7.3% |
| Revenue YoY | 16.1% | 3.1% |
| Net Profit YoY | -10.3% | 79.4% |
| EPS (diluted) | $0.22 | $-0.44 |
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 | $1.6B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.4B | $1.3B |
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | — | ||
| Q3 25 | $67.8M | $-100.0M | ||
| Q2 25 | $1.0B | $-6.0M | ||
| Q1 25 | $110.0M | $0 | ||
| Q4 24 | $189.6M | $-71.0M | ||
| Q3 24 | $51.2M | $-485.0M | ||
| Q2 24 | $80.2M | $-68.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 32.3% | ||
| Q2 25 | — | 31.9% | ||
| Q1 25 | — | 32.2% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 32.8% | ||
| Q2 24 | — | 33.4% |
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.9% | — | ||
| Q3 25 | 8.8% | 2.5% | ||
| Q2 25 | 14.2% | 1.7% | ||
| Q1 25 | 13.9% | 4.3% | ||
| Q4 24 | 10.1% | -1.6% | ||
| Q3 24 | 11.8% | -38.6% | ||
| Q2 24 | 0.7% | 5.5% |
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | — | ||
| Q3 25 | 4.3% | -7.3% | ||
| Q2 25 | 69.1% | -0.4% | ||
| Q1 25 | 7.8% | — | ||
| Q4 24 | 13.2% | -5.3% | ||
| Q3 24 | 3.6% | -36.3% | ||
| Q2 24 | 5.9% | -5.1% |
| Q1 26 | $0.22 | — | ||
| Q4 25 | $0.22 | — | ||
| Q3 25 | $0.15 | $-0.44 | ||
| Q2 25 | $2.94 | $-0.03 | ||
| Q1 25 | $0.27 | $0.01 | ||
| Q4 24 | $0.50 | $-0.52 | ||
| Q3 24 | $0.09 | $-2.44 | ||
| Q2 24 | $0.20 | $-0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.5B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $22.9B | $8.4B |
| Total Assets | $49.4B | $19.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $3.9B | $173.0M | ||
| Q3 24 | $2.2B | $409.0M | ||
| Q2 24 | $2.3B | $73.0M |
| Q1 26 | $22.9B | — | ||
| Q4 25 | $22.9B | — | ||
| Q3 25 | $23.0B | $8.4B | ||
| Q2 25 | $22.9B | $8.6B | ||
| Q1 25 | $21.3B | $8.6B | ||
| Q4 24 | $21.3B | $8.6B | ||
| Q3 24 | $21.2B | $9.0B | ||
| Q2 24 | $20.5B | $4.9B |
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | — | ||
| Q3 25 | $48.7B | $19.2B | ||
| Q2 25 | $48.7B | $19.4B | ||
| Q1 25 | $45.1B | $18.8B | ||
| Q4 24 | $45.3B | $18.7B | ||
| Q3 24 | $45.3B | $19.3B | ||
| Q2 24 | $43.6B | $18.8B |
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 | — | $230.0M |
| Free Cash FlowOCF − Capex | — | $35.0M |
| FCF MarginFCF / Revenue | — | 2.5% |
| Capex IntensityCapex / Revenue | — | 14.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | — | ||
| Q3 25 | $652.9M | $230.0M | ||
| Q2 25 | $641.2M | $258.0M | ||
| Q1 25 | $399.1M | $139.0M | ||
| Q4 24 | $769.5M | — | ||
| Q3 24 | $566.5M | $186.0M | ||
| Q2 24 | $573.2M | $155.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | — | $95.0M | ||
| Q1 25 | — | $-12.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $33.0M | ||
| Q2 24 | — | $-31.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | -2.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | — | 12.1% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | 13.9% |
| Q1 26 | — | — | ||
| Q4 25 | 7.29× | — | ||
| Q3 25 | 9.63× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 3.63× | — | ||
| Q4 24 | 4.06× | — | ||
| Q3 24 | 11.07× | — | ||
| Q2 24 | 7.15× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLR
Segment breakdown not available.
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
