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

OneStream, Inc. is the larger business by last-quarter revenue ($163.7M vs $117.0M, roughly 1.4× Global Net Lease, Inc.). Global Net Lease, Inc. runs the higher net margin — 41.2% vs 0.6%, a 40.6% gap on every dollar of revenue. On growth, OneStream, Inc. posted the faster year-over-year revenue change (23.6% vs -15.1%). Over the past eight quarters, OneStream, Inc.'s revenue compounded faster (21.8% 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.

Blue Stream provides cable television, cable telephone, DVR, and up to 1 GIG Internet speed broadband services to customers in the Florida communities of Coral Springs and Weston.

GNL vs OS — Head-to-Head

Bigger by revenue
OS
OS
1.4× larger
OS
$163.7M
$117.0M
GNL
Growing faster (revenue YoY)
OS
OS
+38.7% gap
OS
23.6%
-15.1%
GNL
Higher net margin
GNL
GNL
40.6% more per $
GNL
41.2%
0.6%
OS
Faster 2-yr revenue CAGR
OS
OS
Annualised
OS
21.8%
-11.1%
GNL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GNL
GNL
OS
OS
Revenue
$117.0M
$163.7M
Net Profit
$48.2M
$999.0K
Gross Margin
69.8%
Operating Margin
94.7%
-3.2%
Net Margin
41.2%
0.6%
Revenue YoY
-15.1%
23.6%
Net Profit YoY
838.7%
EPS (diluted)
$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
GNL
GNL
OS
OS
Q4 25
$117.0M
$163.7M
Q3 25
$121.0M
$154.3M
Q2 25
$124.9M
$147.6M
Q1 25
$132.4M
$136.3M
Q4 24
$137.8M
$132.5M
Q3 24
$138.7M
$129.1M
Q2 24
$145.5M
$117.5M
Q1 24
$147.9M
$110.3M
Net Profit
GNL
GNL
OS
OS
Q4 25
$48.2M
$999.0K
Q3 25
$-60.1M
$-8.8M
Q2 25
$-24.1M
$-18.4M
Q1 25
$-189.4M
$-24.0M
Q4 24
$-6.5M
Q3 24
$-65.6M
$-171.9M
Q2 24
$-35.7M
$-7.8M
Q1 24
$-23.8M
$-5.0M
Gross Margin
GNL
GNL
OS
OS
Q4 25
69.8%
Q3 25
68.1%
Q2 25
68.6%
Q1 25
68.0%
Q4 24
66.8%
Q3 24
50.1%
Q2 24
68.5%
Q1 24
69.1%
Operating Margin
GNL
GNL
OS
OS
Q4 25
94.7%
-3.2%
Q3 25
-11.7%
-11.3%
Q2 25
33.9%
-21.8%
Q1 25
-21.1%
-29.3%
Q4 24
40.8%
-35.8%
Q3 24
9.3%
-197.6%
Q2 24
42.6%
-9.8%
Q1 24
38.6%
-4.9%
Net Margin
GNL
GNL
OS
OS
Q4 25
41.2%
0.6%
Q3 25
-49.7%
-5.7%
Q2 25
-19.3%
-12.5%
Q1 25
-143.0%
-17.6%
Q4 24
-4.7%
Q3 24
-47.3%
-133.1%
Q2 24
-24.5%
-6.7%
Q1 24
-16.1%
-4.5%
EPS (diluted)
GNL
GNL
OS
OS
Q4 25
$0.14
Q3 25
$-0.32
Q2 25
$-0.16
Q1 25
$-0.87
Q4 24
$-0.08
Q3 24
$-0.33
$-1.06
Q2 24
$-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
GNL
GNL
OS
OS
Cash + ST InvestmentsLiquidity on hand
$180.1M
$693.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.7B
$504.7M
Total Assets
$4.3B
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GNL
GNL
OS
OS
Q4 25
$180.1M
$693.6M
Q3 25
$165.1M
$653.9M
Q2 25
$144.8M
$652.1M
Q1 25
$147.0M
$593.9M
Q4 24
$159.7M
$544.2M
Q3 24
$127.2M
$495.5M
Q2 24
$122.2M
$140.5M
Q1 24
$131.9M
Stockholders' Equity
GNL
GNL
OS
OS
Q4 25
$1.7B
$504.7M
Q3 25
$1.7B
$472.1M
Q2 25
$1.8B
$458.2M
Q1 25
$1.9B
$412.9M
Q4 24
$2.2B
$386.2M
Q3 24
$2.3B
$458.2M
Q2 24
$2.4B
$97.5M
Q1 24
$2.5B
$102.5M
Total Assets
GNL
GNL
OS
OS
Q4 25
$4.3B
$1.0B
Q3 25
$4.8B
$949.4M
Q2 25
$5.0B
$910.5M
Q1 25
$5.8B
$867.3M
Q4 24
$7.0B
$823.2M
Q3 24
$7.3B
$750.1M
Q2 24
$7.6B
$379.7M
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
GNL
GNL
OS
OS
Operating Cash FlowLast quarter
$222.8M
$25.8M
Free Cash FlowOCF − Capex
$25.6M
FCF MarginFCF / Revenue
15.7%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
4.62×
25.79×
TTM Free Cash FlowTrailing 4 quarters
$95.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GNL
GNL
OS
OS
Q4 25
$222.8M
$25.8M
Q3 25
$56.0M
$5.0M
Q2 25
$52.0M
$29.7M
Q1 25
$59.2M
$36.2M
Q4 24
$299.5M
Q3 24
$62.1M
$2.4M
Q2 24
$70.4M
$8.1M
Q1 24
$92.2M
$25.5M
Free Cash Flow
GNL
GNL
OS
OS
Q4 25
$25.6M
Q3 25
$4.8M
Q2 25
$29.4M
Q1 25
$35.8M
Q4 24
Q3 24
$1.3M
Q2 24
$7.7M
Q1 24
$24.9M
FCF Margin
GNL
GNL
OS
OS
Q4 25
15.7%
Q3 25
3.1%
Q2 25
19.9%
Q1 25
26.3%
Q4 24
Q3 24
1.0%
Q2 24
6.6%
Q1 24
22.5%
Capex Intensity
GNL
GNL
OS
OS
Q4 25
0.1%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.3%
Q4 24
Q3 24
0.8%
Q2 24
0.3%
Q1 24
0.6%
Cash Conversion
GNL
GNL
OS
OS
Q4 25
4.62×
25.79×
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%

OS
OS

Subscription And Circulation$150.3M92%
Professional Services And Other$9.4M6%
License$4.0M2%

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