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Side-by-side financial comparison of Global Net Lease, Inc. (GNL) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.
LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $117.0M, roughly 1.8× Global Net Lease, Inc.). Global Net Lease, Inc. runs the higher net margin — 41.2% vs 18.8%, a 22.4% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs -15.1%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% 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.
LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.
GNL vs RAMP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $117.0M | $212.2M |
| Net Profit | $48.2M | $39.9M |
| Gross Margin | — | 71.9% |
| Operating Margin | 94.7% | 18.6% |
| Net Margin | 41.2% | 18.8% |
| Revenue YoY | -15.1% | 8.6% |
| Net Profit YoY | 838.7% | 255.7% |
| EPS (diluted) | $0.14 | $0.62 |
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 | $212.2M | ||
| Q3 25 | $121.0M | $199.8M | ||
| Q2 25 | $124.9M | $194.8M | ||
| Q1 25 | $132.4M | $188.7M | ||
| Q4 24 | $137.8M | $195.4M | ||
| Q3 24 | $138.7M | $185.5M | ||
| Q2 24 | $145.5M | $176.0M | ||
| Q1 24 | $147.9M | $171.9M |
| Q4 25 | $48.2M | $39.9M | ||
| Q3 25 | $-60.1M | $27.4M | ||
| Q2 25 | $-24.1M | $7.7M | ||
| Q1 25 | $-189.4M | $-6.3M | ||
| Q4 24 | $-6.5M | $11.2M | ||
| Q3 24 | $-65.6M | $1.7M | ||
| Q2 24 | $-35.7M | $-7.5M | ||
| Q1 24 | $-23.8M | $-5.4M |
| Q4 25 | — | 71.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | — | 72.4% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 72.2% |
| Q4 25 | 94.7% | 18.6% | ||
| Q3 25 | -11.7% | 10.7% | ||
| Q2 25 | 33.9% | 3.7% | ||
| Q1 25 | -21.1% | -6.1% | ||
| Q4 24 | 40.8% | 7.5% | ||
| Q3 24 | 9.3% | 4.0% | ||
| Q2 24 | 42.6% | -3.0% | ||
| Q1 24 | 38.6% | -8.3% |
| Q4 25 | 41.2% | 18.8% | ||
| Q3 25 | -49.7% | 13.7% | ||
| Q2 25 | -19.3% | 4.0% | ||
| Q1 25 | -143.0% | -3.3% | ||
| Q4 24 | -4.7% | 5.7% | ||
| Q3 24 | -47.3% | 0.9% | ||
| Q2 24 | -24.5% | -4.3% | ||
| Q1 24 | -16.1% | -3.1% |
| Q4 25 | $0.14 | $0.62 | ||
| Q3 25 | $-0.32 | $0.42 | ||
| Q2 25 | $-0.16 | $0.12 | ||
| Q1 25 | $-0.87 | $-0.10 | ||
| Q4 24 | $-0.08 | $0.17 | ||
| Q3 24 | $-0.33 | $0.03 | ||
| Q2 24 | $-0.20 | $-0.11 | ||
| Q1 24 | $-0.15 | $-0.09 |
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 | $403.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $962.3M |
| Total Assets | $4.3B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $180.1M | $403.4M | ||
| Q3 25 | $165.1M | $376.9M | ||
| Q2 25 | $144.8M | $371.1M | ||
| Q1 25 | $147.0M | $420.8M | ||
| Q4 24 | $159.7M | $384.3M | ||
| Q3 24 | $127.2M | $348.4M | ||
| Q2 24 | $122.2M | $342.7M | ||
| Q1 24 | $131.9M | $368.9M |
| Q4 25 | $1.7B | $962.3M | ||
| Q3 25 | $1.7B | $943.8M | ||
| Q2 25 | $1.8B | $947.8M | ||
| Q1 25 | $1.9B | $948.9M | ||
| Q4 24 | $2.2B | $957.7M | ||
| Q3 24 | $2.3B | $932.1M | ||
| Q2 24 | $2.4B | $951.9M | ||
| Q1 24 | $2.5B | $949.1M |
| Q4 25 | $4.3B | $1.3B | ||
| Q3 25 | $4.8B | $1.2B | ||
| Q2 25 | $5.0B | $1.2B | ||
| Q1 25 | $5.8B | $1.3B | ||
| Q4 24 | $7.0B | $1.3B | ||
| Q3 24 | $7.3B | $1.2B | ||
| Q2 24 | $7.6B | $1.2B | ||
| Q1 24 | $8.0B | $1.2B |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 4.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $222.8M | — | ||
| Q3 25 | $56.0M | $57.4M | ||
| Q2 25 | $52.0M | $-15.8M | ||
| Q1 25 | $59.2M | — | ||
| Q4 24 | $299.5M | $45.1M | ||
| Q3 24 | $62.1M | $55.6M | ||
| Q2 24 | $70.4M | $-9.3M | ||
| Q1 24 | $92.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $56.8M | ||
| Q2 25 | — | $-16.2M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $44.8M | ||
| Q3 24 | — | $55.4M | ||
| Q2 24 | — | $-9.6M | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 28.4% | ||
| Q2 25 | — | -8.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 22.9% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | -5.4% | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | 4.62× | — | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | — | -2.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | — | 32.10× | ||
| 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% |
RAMP
Segment breakdown not available.
