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Side-by-side financial comparison of Global Net Lease, Inc. (GNL) and RIGEL PHARMACEUTICALS INC (RIGL). 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 $69.8M, roughly 1.7× RIGEL PHARMACEUTICALS INC). RIGEL PHARMACEUTICALS INC runs the higher net margin — 384.0% vs 41.2%, a 342.8% gap on every dollar of revenue. On growth, RIGEL PHARMACEUTICALS INC posted the faster year-over-year revenue change (21.2% vs -15.1%). Over the past eight quarters, RIGEL PHARMACEUTICALS INC's revenue compounded faster (53.7% 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.

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

GNL vs RIGL — Head-to-Head

Bigger by revenue
GNL
GNL
1.7× larger
GNL
$117.0M
$69.8M
RIGL
Growing faster (revenue YoY)
RIGL
RIGL
+36.3% gap
RIGL
21.2%
-15.1%
GNL
Higher net margin
RIGL
RIGL
342.8% more per $
RIGL
384.0%
41.2%
GNL
Faster 2-yr revenue CAGR
RIGL
RIGL
Annualised
RIGL
53.7%
-11.1%
GNL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GNL
GNL
RIGL
RIGL
Revenue
$117.0M
$69.8M
Net Profit
$48.2M
$268.1M
Gross Margin
91.5%
Operating Margin
94.7%
33.2%
Net Margin
41.2%
384.0%
Revenue YoY
-15.1%
21.2%
Net Profit YoY
838.7%
1769.2%
EPS (diluted)
$0.14
$14.11

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
RIGL
RIGL
Q4 25
$117.0M
$69.8M
Q3 25
$121.0M
$69.5M
Q2 25
$124.9M
$101.7M
Q1 25
$132.4M
$53.3M
Q4 24
$137.8M
$57.6M
Q3 24
$138.7M
$55.3M
Q2 24
$145.5M
$36.8M
Q1 24
$147.9M
$29.5M
Net Profit
GNL
GNL
RIGL
RIGL
Q4 25
$48.2M
$268.1M
Q3 25
$-60.1M
$27.9M
Q2 25
$-24.1M
$59.6M
Q1 25
$-189.4M
$11.4M
Q4 24
$-6.5M
$14.3M
Q3 24
$-65.6M
$12.4M
Q2 24
$-35.7M
$-1.0M
Q1 24
$-23.8M
$-8.2M
Gross Margin
GNL
GNL
RIGL
RIGL
Q4 25
91.5%
Q3 25
93.2%
Q2 25
95.6%
Q1 25
91.7%
Q4 24
89.9%
Q3 24
85.5%
Q2 24
92.4%
Q1 24
93.1%
Operating Margin
GNL
GNL
RIGL
RIGL
Q4 25
94.7%
33.2%
Q3 25
-11.7%
40.9%
Q2 25
33.9%
60.1%
Q1 25
-21.1%
23.9%
Q4 24
40.8%
28.9%
Q3 24
9.3%
25.4%
Q2 24
42.6%
1.2%
Q1 24
38.6%
-23.6%
Net Margin
GNL
GNL
RIGL
RIGL
Q4 25
41.2%
384.0%
Q3 25
-49.7%
40.2%
Q2 25
-19.3%
58.6%
Q1 25
-143.0%
21.5%
Q4 24
-4.7%
24.9%
Q3 24
-47.3%
22.5%
Q2 24
-24.5%
-2.8%
Q1 24
-16.1%
-27.9%
EPS (diluted)
GNL
GNL
RIGL
RIGL
Q4 25
$0.14
$14.11
Q3 25
$-0.32
$1.46
Q2 25
$-0.16
$3.28
Q1 25
$-0.87
$0.63
Q4 24
$-0.08
$0.82
Q3 24
$-0.33
$0.70
Q2 24
$-0.20
$-0.06
Q1 24
$-0.15
$-0.47

Balance Sheet & Financial Strength

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

Metric
GNL
GNL
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$180.1M
$155.0M
Total DebtLower is stronger
$52.5M
Stockholders' EquityBook value
$1.7B
$391.5M
Total Assets
$4.3B
$513.6M
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GNL
GNL
RIGL
RIGL
Q4 25
$180.1M
$155.0M
Q3 25
$165.1M
$137.1M
Q2 25
$144.8M
$108.4M
Q1 25
$147.0M
$77.1M
Q4 24
$159.7M
$77.3M
Q3 24
$127.2M
$61.1M
Q2 24
$122.2M
$49.1M
Q1 24
$131.9M
$49.5M
Total Debt
GNL
GNL
RIGL
RIGL
Q4 25
$52.5M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$60.0M
Q4 24
$60.0M
Q3 24
$60.0M
Q2 24
$60.0M
Q1 24
$60.0M
Stockholders' Equity
GNL
GNL
RIGL
RIGL
Q4 25
$1.7B
$391.5M
Q3 25
$1.7B
$117.6M
Q2 25
$1.8B
$81.9M
Q1 25
$1.9B
$18.6M
Q4 24
$2.2B
$3.3M
Q3 24
$2.3B
$-14.6M
Q2 24
$2.4B
$-29.9M
Q1 24
$2.5B
$-31.7M
Total Assets
GNL
GNL
RIGL
RIGL
Q4 25
$4.3B
$513.6M
Q3 25
$4.8B
$242.5M
Q2 25
$5.0B
$206.7M
Q1 25
$5.8B
$176.0M
Q4 24
$7.0B
$164.0M
Q3 24
$7.3B
$139.4M
Q2 24
$7.6B
$128.4M
Q1 24
$8.0B
$126.5M
Debt / Equity
GNL
GNL
RIGL
RIGL
Q4 25
0.13×
Q3 25
0.51×
Q2 25
0.73×
Q1 25
3.23×
Q4 24
18.25×
Q3 24
Q2 24
Q1 24

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
RIGL
RIGL
Operating Cash FlowLast quarter
$222.8M
$22.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
4.62×
0.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GNL
GNL
RIGL
RIGL
Q4 25
$222.8M
$22.0M
Q3 25
$56.0M
$24.0M
Q2 25
$52.0M
$30.5M
Q1 25
$59.2M
$-893.0K
Q4 24
$299.5M
$14.5M
Q3 24
$62.1M
$21.7M
Q2 24
$70.4M
$302.0K
Q1 24
$92.2M
$-5.0M
Cash Conversion
GNL
GNL
RIGL
RIGL
Q4 25
4.62×
0.08×
Q3 25
0.86×
Q2 25
0.51×
Q1 25
-0.08×
Q4 24
1.01×
Q3 24
1.75×
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%

RIGL
RIGL

Segment breakdown not available.

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