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Side-by-side financial comparison of Global Net Lease, Inc. (GNL) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $117.0M, roughly 1.1× Global Net Lease, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 41.2%, a 88.5% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs -15.1%). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% 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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
GNL vs PD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $117.0M | $124.5M |
| Net Profit | $48.2M | $161.6M |
| Gross Margin | — | 85.3% |
| Operating Margin | 94.7% | 6.5% |
| Net Margin | 41.2% | 129.7% |
| Revenue YoY | -15.1% | 4.7% |
| Net Profit YoY | 838.7% | 2827.7% |
| EPS (diluted) | $0.14 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $121.0M | $123.4M | ||
| Q2 25 | $124.9M | $119.8M | ||
| Q1 25 | $132.4M | $121.4M | ||
| Q4 24 | $137.8M | $118.9M | ||
| Q3 24 | $138.7M | $115.9M | ||
| Q2 24 | $145.5M | $111.2M | ||
| Q1 24 | $147.9M | $111.1M |
| Q4 25 | $48.2M | $161.6M | ||
| Q3 25 | $-60.1M | $9.6M | ||
| Q2 25 | $-24.1M | $-7.2M | ||
| Q1 25 | $-189.4M | $-8.8M | ||
| Q4 24 | $-6.5M | $-5.9M | ||
| Q3 24 | $-65.6M | $-10.9M | ||
| Q2 24 | $-35.7M | $-17.1M | ||
| Q1 24 | $-23.8M | $-28.2M |
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | 84.0% | ||
| Q1 25 | — | 83.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 82.7% | ||
| Q2 24 | — | 82.6% | ||
| Q1 24 | — | 81.7% |
| Q4 25 | 94.7% | 6.5% | ||
| Q3 25 | -11.7% | 2.9% | ||
| Q2 25 | 33.9% | -8.6% | ||
| Q1 25 | -21.1% | -9.6% | ||
| Q4 24 | 40.8% | -8.7% | ||
| Q3 24 | 9.3% | -13.8% | ||
| Q2 24 | 42.6% | -19.5% | ||
| Q1 24 | 38.6% | -30.1% |
| Q4 25 | 41.2% | 129.7% | ||
| Q3 25 | -49.7% | 7.8% | ||
| Q2 25 | -19.3% | -6.0% | ||
| Q1 25 | -143.0% | -7.2% | ||
| Q4 24 | -4.7% | -5.0% | ||
| Q3 24 | -47.3% | -9.4% | ||
| Q2 24 | -24.5% | -15.4% | ||
| Q1 24 | -16.1% | -25.3% |
| Q4 25 | $0.14 | $1.69 | ||
| Q3 25 | $-0.32 | $0.10 | ||
| Q2 25 | $-0.16 | $-0.07 | ||
| Q1 25 | $-0.87 | $-0.12 | ||
| Q4 24 | $-0.08 | $-0.07 | ||
| Q3 24 | $-0.33 | $-0.14 | ||
| Q2 24 | $-0.20 | $-0.26 | ||
| Q1 24 | $-0.15 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $320.5M |
| Total Assets | $4.3B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $180.1M | $547.8M | ||
| Q3 25 | $165.1M | $567.9M | ||
| Q2 25 | $144.8M | $597.1M | ||
| Q1 25 | $147.0M | $570.8M | ||
| Q4 24 | $159.7M | $542.2M | ||
| Q3 24 | $127.2M | $599.3M | ||
| Q2 24 | $122.2M | $592.8M | ||
| Q1 24 | $131.9M | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | $1.7B | $320.5M | ||
| Q3 25 | $1.7B | $180.7M | ||
| Q2 25 | $1.8B | $145.7M | ||
| Q1 25 | $1.9B | $129.8M | ||
| Q4 24 | $2.2B | $111.6M | ||
| Q3 24 | $2.3B | $164.7M | ||
| Q2 24 | $2.4B | $174.0M | ||
| Q1 24 | $2.5B | $171.6M |
| Q4 25 | $4.3B | $1.0B | ||
| Q3 25 | $4.8B | $891.5M | ||
| Q2 25 | $5.0B | $926.8M | ||
| Q1 25 | $5.8B | $927.3M | ||
| Q4 24 | $7.0B | $866.8M | ||
| Q3 24 | $7.3B | $916.0M | ||
| Q2 24 | $7.6B | $924.0M | ||
| Q1 24 | $8.0B | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | — | $24.1M |
| FCF MarginFCF / Revenue | — | 19.3% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | 4.62× | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $222.8M | $24.8M | ||
| Q3 25 | $56.0M | $34.0M | ||
| Q2 25 | $52.0M | $30.7M | ||
| Q1 25 | $59.2M | $31.4M | ||
| Q4 24 | $299.5M | $22.1M | ||
| Q3 24 | $62.1M | $35.8M | ||
| Q2 24 | $70.4M | $28.6M | ||
| Q1 24 | $92.2M | $22.2M |
| Q4 25 | — | $24.1M | ||
| Q3 25 | — | $33.1M | ||
| Q2 25 | — | $30.2M | ||
| Q1 25 | — | $30.3M | ||
| Q4 24 | — | $21.5M | ||
| Q3 24 | — | $35.1M | ||
| Q2 24 | — | $28.2M | ||
| Q1 24 | — | $21.2M |
| Q4 25 | — | 19.3% | ||
| Q3 25 | — | 26.8% | ||
| Q2 25 | — | 25.2% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | — | 25.4% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | 4.62× | 0.15× | ||
| Q3 25 | — | 3.55× | ||
| 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% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
