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

Orthofix Medical Inc. is the larger business by last-quarter revenue ($219.9M vs $117.0M, roughly 1.9× Global Net Lease, Inc.). Global Net Lease, Inc. runs the higher net margin — 41.2% vs -1.0%, a 42.2% gap on every dollar of revenue. On growth, Orthofix Medical Inc. posted the faster year-over-year revenue change (2.0% vs -15.1%). Over the past eight quarters, Orthofix Medical Inc.'s revenue compounded faster (8.0% CAGR vs -11.1%).

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.

Orthofix Medical Inc. is a global medical device firm specializing in orthopedic care. It develops, manufactures and sells spinal implants, trauma care products, bone growth stimulation therapies and regenerative medicine offerings, serving orthopedic surgeons and healthcare providers across North America, Europe and Asia Pacific.

GNL vs OFIX — Head-to-Head

Bigger by revenue
OFIX
OFIX
1.9× larger
OFIX
$219.9M
$117.0M
GNL
Growing faster (revenue YoY)
OFIX
OFIX
+17.1% gap
OFIX
2.0%
-15.1%
GNL
Higher net margin
GNL
GNL
42.2% more per $
GNL
41.2%
-1.0%
OFIX
Faster 2-yr revenue CAGR
OFIX
OFIX
Annualised
OFIX
8.0%
-11.1%
GNL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GNL
GNL
OFIX
OFIX
Revenue
$117.0M
$219.9M
Net Profit
$48.2M
$-2.2M
Gross Margin
71.1%
Operating Margin
94.7%
0.2%
Net Margin
41.2%
-1.0%
Revenue YoY
-15.1%
2.0%
Net Profit YoY
838.7%
92.4%
EPS (diluted)
$0.14
$-0.05

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
GNL
GNL
OFIX
OFIX
Q4 25
$117.0M
$219.9M
Q3 25
$121.0M
$205.6M
Q2 25
$124.9M
$203.1M
Q1 25
$132.4M
$193.6M
Q4 24
$137.8M
$215.7M
Q3 24
$138.7M
$196.6M
Q2 24
$145.5M
$198.6M
Q1 24
$147.9M
$188.6M
Net Profit
GNL
GNL
OFIX
OFIX
Q4 25
$48.2M
$-2.2M
Q3 25
$-60.1M
$-22.8M
Q2 25
$-24.1M
$-14.1M
Q1 25
$-189.4M
$-53.1M
Q4 24
$-6.5M
$-29.1M
Q3 24
$-65.6M
$-27.4M
Q2 24
$-35.7M
$-33.4M
Q1 24
$-23.8M
$-36.0M
Gross Margin
GNL
GNL
OFIX
OFIX
Q4 25
71.1%
Q3 25
72.2%
Q2 25
68.7%
Q1 25
62.8%
Q4 24
69.0%
Q3 24
68.7%
Q2 24
67.8%
Q1 24
67.5%
Operating Margin
GNL
GNL
OFIX
OFIX
Q4 25
94.7%
0.2%
Q3 25
-11.7%
-8.3%
Q2 25
33.9%
-7.9%
Q1 25
-21.1%
-25.2%
Q4 24
40.8%
-5.3%
Q3 24
9.3%
-9.6%
Q2 24
42.6%
-12.5%
Q1 24
38.6%
-15.6%
Net Margin
GNL
GNL
OFIX
OFIX
Q4 25
41.2%
-1.0%
Q3 25
-49.7%
-11.1%
Q2 25
-19.3%
-6.9%
Q1 25
-143.0%
-27.4%
Q4 24
-4.7%
-13.5%
Q3 24
-47.3%
-13.9%
Q2 24
-24.5%
-16.8%
Q1 24
-16.1%
-19.1%
EPS (diluted)
GNL
GNL
OFIX
OFIX
Q4 25
$0.14
$-0.05
Q3 25
$-0.32
$-0.57
Q2 25
$-0.16
$-0.36
Q1 25
$-0.87
$-1.35
Q4 24
$-0.08
$-0.76
Q3 24
$-0.33
$-0.71
Q2 24
$-0.20
$-0.88
Q1 24
$-0.15
$-0.95

Balance Sheet & Financial Strength

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

Metric
GNL
GNL
OFIX
OFIX
Cash + ST InvestmentsLiquidity on hand
$180.1M
$82.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.7B
$450.0M
Total Assets
$4.3B
$850.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GNL
GNL
OFIX
OFIX
Q4 25
$180.1M
$82.0M
Q3 25
$165.1M
$62.9M
Q2 25
$144.8M
$65.6M
Q1 25
$147.0M
$58.0M
Q4 24
$159.7M
$83.2M
Q3 24
$127.2M
$30.1M
Q2 24
$122.2M
$26.4M
Q1 24
$131.9M
$27.0M
Total Debt
GNL
GNL
OFIX
OFIX
Q4 25
Q3 25
$157.2M
Q2 25
$157.0M
Q1 25
$156.9M
Q4 24
$157.0M
Q3 24
$118.5M
Q2 24
$118.0M
Q1 24
$118.2M
Stockholders' Equity
GNL
GNL
OFIX
OFIX
Q4 25
$1.7B
$450.0M
Q3 25
$1.7B
$442.5M
Q2 25
$1.8B
$458.3M
Q1 25
$1.9B
$458.3M
Q4 24
$2.2B
$503.1M
Q3 24
$2.3B
$525.9M
Q2 24
$2.4B
$546.0M
Q1 24
$2.5B
$570.3M
Total Assets
GNL
GNL
OFIX
OFIX
Q4 25
$4.3B
$850.6M
Q3 25
$4.8B
$832.6M
Q2 25
$5.0B
$837.2M
Q1 25
$5.8B
$823.1M
Q4 24
$7.0B
$893.3M
Q3 24
$7.3B
$867.9M
Q2 24
$7.6B
$882.0M
Q1 24
$8.0B
$906.0M
Debt / Equity
GNL
GNL
OFIX
OFIX
Q4 25
Q3 25
0.36×
Q2 25
0.34×
Q1 25
0.34×
Q4 24
0.31×
Q3 24
0.23×
Q2 24
0.22×
Q1 24
0.21×

Cash Flow & Capital Efficiency

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

Metric
GNL
GNL
OFIX
OFIX
Operating Cash FlowLast quarter
$222.8M
$27.7M
Free Cash FlowOCF − Capex
$16.8M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
4.62×
TTM Free Cash FlowTrailing 4 quarters
$-1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GNL
GNL
OFIX
OFIX
Q4 25
$222.8M
$27.7M
Q3 25
$56.0M
$12.4M
Q2 25
$52.0M
$11.6M
Q1 25
$59.2M
$-18.4M
Q4 24
$299.5M
$23.7M
Q3 24
$62.1M
$11.7M
Q2 24
$70.4M
$9.0M
Q1 24
$92.2M
$-18.6M
Free Cash Flow
GNL
GNL
OFIX
OFIX
Q4 25
$16.8M
Q3 25
$2.5M
Q2 25
$4.5M
Q1 25
$-25.1M
Q4 24
$15.2M
Q3 24
$6.3M
Q2 24
$-360.0K
Q1 24
$-29.1M
FCF Margin
GNL
GNL
OFIX
OFIX
Q4 25
7.6%
Q3 25
1.2%
Q2 25
2.2%
Q1 25
-13.0%
Q4 24
7.0%
Q3 24
3.2%
Q2 24
-0.2%
Q1 24
-15.4%
Capex Intensity
GNL
GNL
OFIX
OFIX
Q4 25
4.9%
Q3 25
4.8%
Q2 25
3.5%
Q1 25
3.5%
Q4 24
4.0%
Q3 24
2.7%
Q2 24
4.7%
Q1 24
5.6%
Cash Conversion
GNL
GNL
OFIX
OFIX
Q4 25
4.62×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GNL
GNL

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

OFIX
OFIX

Spinal Implants Biologics And Enabling Technologies$113.6M52%
Bone Growth Therapies$68.3M31%
Other$22.7M10%
IT$5.9M3%
GB$3.5M2%
FR$3.5M2%
DE$2.3M1%

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