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Side-by-side financial comparison of FrontView REIT, Inc. (FVR) and Valneva SE (VALN). Click either name above to swap in a different company.

Valneva SE is the larger business by last-quarter revenue ($36.2M vs $18.2M, roughly 2.0× FrontView REIT, Inc.). FrontView REIT, Inc. runs the higher net margin — 2.2% vs -54.1%, a 56.3% gap on every dollar of revenue.

Valneva SE is a specialty vaccine company registered in Saint-Herblain, France, developing, producing and commercializing vaccines for infectious diseases. It has manufacturing sites in Livingston, Scotland; Solna, Sweden, and Vienna, Austria; with other offices in France, Canada and the United States.

FVR vs VALN — Head-to-Head

Bigger by revenue
VALN
VALN
2.0× larger
VALN
$36.2M
$18.2M
FVR
Higher net margin
FVR
FVR
56.3% more per $
FVR
2.2%
-54.1%
VALN

Income Statement — Q1 FY2026 vs Q1 FY2023

Metric
FVR
FVR
VALN
VALN
Revenue
$18.2M
$36.2M
Net Profit
$400.0K
$-19.6M
Gross Margin
38.9%
Operating Margin
24.9%
-49.5%
Net Margin
2.2%
-54.1%
Revenue YoY
12.0%
Net Profit YoY
EPS (diluted)

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
FVR
FVR
VALN
VALN
Q1 26
$18.2M
Q4 25
$16.5M
Q3 25
$16.8M
Q2 25
$17.6M
Q1 25
$16.2M
Q3 24
$14.5M
Q1 23
$36.2M
Q2 22
$93.2M
Net Profit
FVR
FVR
VALN
VALN
Q1 26
$400.0K
Q4 25
$-4.1M
Q3 25
$4.0M
Q2 25
$-2.9M
Q1 25
$-833.0K
Q3 24
$-2.4M
Q1 23
$-19.6M
Q2 22
Gross Margin
FVR
FVR
VALN
VALN
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q1 23
38.9%
Q2 22
Operating Margin
FVR
FVR
VALN
VALN
Q1 26
24.9%
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q1 23
-49.5%
Q2 22
-161.3%
Net Margin
FVR
FVR
VALN
VALN
Q1 26
2.2%
Q4 25
-24.9%
Q3 25
23.9%
Q2 25
-16.5%
Q1 25
-5.1%
Q3 24
-16.7%
Q1 23
-54.1%
Q2 22
EPS (diluted)
FVR
FVR
VALN
VALN
Q1 26
Q4 25
$-0.19
Q3 25
$0.19
Q2 25
$-0.16
Q1 25
$-0.06
Q3 24
Q1 23
Q2 22

Balance Sheet & Financial Strength

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

Metric
FVR
FVR
VALN
VALN
Cash + ST InvestmentsLiquidity on hand
$9.3M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$514.2M
$221.2M
Total Assets
$869.8M
$637.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVR
FVR
VALN
VALN
Q1 26
$9.3M
Q4 25
$13.5M
Q3 25
$19.6M
Q2 25
$8.4M
Q1 25
$3.3M
Q3 24
Q1 23
$274.8M
Q2 22
$363.1M
Total Debt
FVR
FVR
VALN
VALN
Q1 26
Q4 25
$314.3M
Q3 25
$307.1M
Q2 25
$316.9M
Q1 25
$310.2M
Q3 24
Q1 23
Q2 22
Stockholders' Equity
FVR
FVR
VALN
VALN
Q1 26
$514.2M
Q4 25
$391.2M
Q3 25
$385.2M
Q2 25
$369.9M
Q1 25
$324.7M
Q3 24
$1.0K
Q1 23
$221.2M
Q2 22
$100.7M
Total Assets
FVR
FVR
VALN
VALN
Q1 26
$869.8M
Q4 25
$854.4M
Q3 25
$846.8M
Q2 25
$856.5M
Q1 25
$860.8M
Q3 24
$1.0K
Q1 23
$637.2M
Q2 22
$783.1M
Debt / Equity
FVR
FVR
VALN
VALN
Q1 26
Q4 25
0.80×
Q3 25
0.80×
Q2 25
0.86×
Q1 25
0.96×
Q3 24
Q1 23
Q2 22

Cash Flow & Capital Efficiency

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

Metric
FVR
FVR
VALN
VALN
Operating Cash FlowLast quarter
$-26.3M
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
FVR
FVR
VALN
VALN
Q1 26
Q4 25
$42.1M
Q3 25
$8.3M
Q2 25
$9.3M
Q1 25
$8.1M
Q3 24
Q1 23
$-26.3M
Q2 22
Cash Conversion
FVR
FVR
VALN
VALN
Q1 26
Q4 25
Q3 25
2.06×
Q2 25
Q1 25
Q3 24
Q1 23
Q2 22

Financial Flow Comparison

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

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