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Side-by-side financial comparison of Global Net Lease, Inc. (GNL) and Ouster, Inc. (OUST). 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 $62.2M, roughly 1.9× Ouster, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs -15.1%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% 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.
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
GNL vs OUST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $117.0M | $62.2M |
| Net Profit | $48.2M | — |
| Gross Margin | — | 60.2% |
| Operating Margin | 94.7% | 1.5% |
| Net Margin | 41.2% | — |
| Revenue YoY | -15.1% | 106.6% |
| Net Profit YoY | 838.7% | — |
| EPS (diluted) | $0.14 | $0.10 |
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.
| Q4 25 | $117.0M | $62.2M | ||
| Q3 25 | $121.0M | $39.5M | ||
| Q2 25 | $124.9M | $35.0M | ||
| Q1 25 | $132.4M | $32.6M | ||
| Q4 24 | $137.8M | $30.1M | ||
| Q3 24 | $138.7M | $28.1M | ||
| Q2 24 | $145.5M | $27.0M | ||
| Q1 24 | $147.9M | $25.9M |
| Q4 25 | $48.2M | — | ||
| Q3 25 | $-60.1M | $-21.7M | ||
| Q2 25 | $-24.1M | $-20.6M | ||
| Q1 25 | $-189.4M | $-22.0M | ||
| Q4 24 | $-6.5M | — | ||
| Q3 24 | $-65.6M | $-25.6M | ||
| Q2 24 | $-35.7M | $-23.9M | ||
| Q1 24 | $-23.8M | $-23.8M |
| Q4 25 | — | 60.2% | ||
| Q3 25 | — | 42.1% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | — | 41.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 33.7% | ||
| Q1 24 | — | 28.6% |
| Q4 25 | 94.7% | 1.5% | ||
| Q3 25 | -11.7% | -61.4% | ||
| Q2 25 | 33.9% | -76.5% | ||
| Q1 25 | -21.1% | -73.0% | ||
| Q4 24 | 40.8% | -85.1% | ||
| Q3 24 | 9.3% | -98.0% | ||
| Q2 24 | 42.6% | -93.6% | ||
| Q1 24 | 38.6% | -99.5% |
| Q4 25 | 41.2% | — | ||
| Q3 25 | -49.7% | -55.0% | ||
| Q2 25 | -19.3% | -58.8% | ||
| Q1 25 | -143.0% | -67.5% | ||
| Q4 24 | -4.7% | — | ||
| Q3 24 | -47.3% | -91.1% | ||
| Q2 24 | -24.5% | -88.4% | ||
| Q1 24 | -16.1% | -91.9% |
| Q4 25 | $0.14 | $0.10 | ||
| Q3 25 | $-0.32 | $-0.37 | ||
| Q2 25 | $-0.16 | $-0.38 | ||
| Q1 25 | $-0.87 | $-0.42 | ||
| Q4 24 | $-0.08 | $-0.46 | ||
| Q3 24 | $-0.33 | $-0.54 | ||
| Q2 24 | $-0.20 | $-0.53 | ||
| Q1 24 | $-0.15 | $-0.55 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $180.1M | $208.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $261.7M |
| Total Assets | $4.3B | $349.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $180.1M | $208.6M | ||
| Q3 25 | $165.1M | $244.5M | ||
| Q2 25 | $144.8M | $226.5M | ||
| Q1 25 | $147.0M | $168.2M | ||
| Q4 24 | $159.7M | $172.0M | ||
| Q3 24 | $127.2M | $151.4M | ||
| Q2 24 | $122.2M | $184.2M | ||
| Q1 24 | $131.9M | $187.8M |
| Q4 25 | $1.7B | $261.7M | ||
| Q3 25 | $1.7B | $247.4M | ||
| Q2 25 | $1.8B | $221.0M | ||
| Q1 25 | $1.9B | $167.9M | ||
| Q4 24 | $2.2B | $180.9M | ||
| Q3 24 | $2.3B | $171.7M | ||
| Q2 24 | $2.4B | $170.6M | ||
| Q1 24 | $2.5B | $167.2M |
| Q4 25 | $4.3B | $349.5M | ||
| Q3 25 | $4.8B | $353.8M | ||
| Q2 25 | $5.0B | $321.8M | ||
| Q1 25 | $5.8B | $268.6M | ||
| Q4 24 | $7.0B | $276.1M | ||
| Q3 24 | $7.3B | $255.2M | ||
| Q2 24 | $7.6B | $309.9M | ||
| Q1 24 | $8.0B | $317.7M |
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 | $222.8M | $-15.4M |
| Free Cash FlowOCF − Capex | — | $-37.2M |
| FCF MarginFCF / Revenue | — | -59.8% |
| Capex IntensityCapex / Revenue | — | 35.0% |
| Cash ConversionOCF / Net Profit | 4.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-64.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $222.8M | $-15.4M | ||
| Q3 25 | $56.0M | $-18.3M | ||
| Q2 25 | $52.0M | $-1.3M | ||
| Q1 25 | $59.2M | $-4.9M | ||
| Q4 24 | $299.5M | $-2.6M | ||
| Q3 24 | $62.1M | $-3.8M | ||
| Q2 24 | $70.4M | $-21.6M | ||
| Q1 24 | $92.2M | $-5.7M |
| Q4 25 | — | $-37.2M | ||
| Q3 25 | — | $-20.0M | ||
| Q2 25 | — | $-2.2M | ||
| Q1 25 | — | $-5.4M | ||
| Q4 24 | — | $-4.0M | ||
| Q3 24 | — | $-4.3M | ||
| Q2 24 | — | $-22.0M | ||
| Q1 24 | — | $-7.1M |
| Q4 25 | — | -59.8% | ||
| Q3 25 | — | -50.7% | ||
| Q2 25 | — | -6.3% | ||
| Q1 25 | — | -16.6% | ||
| Q4 24 | — | -13.3% | ||
| Q3 24 | — | -15.4% | ||
| Q2 24 | — | -81.5% | ||
| Q1 24 | — | -27.4% |
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 5.3% |
| 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
| Industrial And Distribution Segment | $56.0M | 48% |
| Office Segment | $30.8M | 26% |
| Single Tenant Retail Segment | $30.2M | 26% |
OUST
Segment breakdown not available.
