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Side-by-side financial comparison of GLADSTONE COMMERCIAL CORP (GOOD) and LCNB CORP (LCNB). Click either name above to swap in a different company.
GLADSTONE COMMERCIAL CORP is the larger business by last-quarter revenue ($41.9M vs $23.9M, roughly 1.8× LCNB CORP). LCNB CORP runs the higher net margin — 23.7% vs 16.6%, a 7.1% gap on every dollar of revenue. On growth, LCNB CORP posted the faster year-over-year revenue change (5.1% vs -3.6%). Over the past eight quarters, LCNB CORP's revenue compounded faster (15.7% CAGR vs 6.3%).
Gladstone Commercial Corp is a publicly traded US real estate investment trust focused on acquiring, owning, and operating diversified industrial and commercial properties. It offers long-term net lease agreements to tenants across manufacturing, logistics, healthcare and professional services sectors, mainly serving small to mid-sized business clients.
LCNB Corp is a United States-based financial holding company that operates through its national bank subsidiary, providing a full suite of retail and commercial banking products and services including deposit accounts, various loan products, wealth management, and insurance solutions primarily to individual consumers, small and medium-sized enterprises and local community organizations across regional markets in Ohio.
GOOD vs LCNB — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $41.9M | $23.9M |
| Net Profit | $7.0M | $5.7M |
| Gross Margin | — | — |
| Operating Margin | 160.2% | 29.2% |
| Net Margin | 16.6% | 23.7% |
| Revenue YoY | -3.6% | 5.1% |
| Net Profit YoY | 29.5% | -7.6% |
| EPS (diluted) | — | $0.40 |
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.
| Q1 26 | $41.9M | — | ||
| Q4 25 | $43.5M | $23.9M | ||
| Q3 25 | $40.8M | $23.8M | ||
| Q2 25 | $39.5M | $22.8M | ||
| Q1 25 | $37.5M | $21.5M | ||
| Q4 24 | $37.4M | $22.7M | ||
| Q3 24 | $39.2M | $21.4M | ||
| Q2 24 | $37.1M | $19.3M |
| Q1 26 | $7.0M | — | ||
| Q4 25 | $5.4M | $5.7M | ||
| Q3 25 | $4.1M | $6.9M | ||
| Q2 25 | $4.6M | $5.9M | ||
| Q1 25 | $5.1M | $4.6M | ||
| Q4 24 | $7.2M | $6.1M | ||
| Q3 24 | $11.7M | $4.5M | ||
| Q2 24 | $1.6M | $925.0K |
| Q1 26 | 160.2% | — | ||
| Q4 25 | — | 29.2% | ||
| Q3 25 | — | 35.6% | ||
| Q2 25 | — | 31.6% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | — | 32.9% | ||
| Q3 24 | — | 24.9% | ||
| Q2 24 | — | 4.9% |
| Q1 26 | 16.6% | — | ||
| Q4 25 | 12.4% | 23.7% | ||
| Q3 25 | 10.1% | 29.1% | ||
| Q2 25 | 11.7% | 26.0% | ||
| Q1 25 | 13.7% | 21.4% | ||
| Q4 24 | 19.2% | 27.0% | ||
| Q3 24 | 29.8% | 21.2% | ||
| Q2 24 | 4.3% | 4.8% |
| Q1 26 | — | — | ||
| Q4 25 | $0.05 | $0.40 | ||
| Q3 25 | $0.02 | $0.49 | ||
| Q2 25 | $0.03 | $0.41 | ||
| Q1 25 | $0.04 | $0.33 | ||
| Q4 24 | $0.10 | $0.44 | ||
| Q3 24 | $0.20 | $0.31 | ||
| Q2 24 | $-0.04 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $21.6M |
| Total DebtLower is stronger | — | $104.4M |
| Stockholders' EquityBook value | — | $273.9M |
| Total Assets | $1.2B | $2.2B |
| Debt / EquityLower = less leverage | — | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $10.8M | $21.6M | ||
| Q3 25 | $18.4M | $35.9M | ||
| Q2 25 | $11.7M | $49.8M | ||
| Q1 25 | $10.4M | $37.7M | ||
| Q4 24 | $11.0M | $35.7M | ||
| Q3 24 | $10.5M | $39.4M | ||
| Q2 24 | $10.4M | $34.9M |
| Q1 26 | — | — | ||
| Q4 25 | $843.5M | $104.4M | ||
| Q3 25 | $843.3M | $104.7M | ||
| Q2 25 | $794.4M | $105.0M | ||
| Q1 25 | $740.7M | $104.6M | ||
| Q4 24 | $693.4M | $155.2M | ||
| Q3 24 | $692.6M | $155.7M | ||
| Q2 24 | $722.5M | $162.2M |
| Q1 26 | — | — | ||
| Q4 25 | $171.8M | $273.9M | ||
| Q3 25 | $184.8M | $269.9M | ||
| Q2 25 | $177.2M | $263.5M | ||
| Q1 25 | $183.2M | $258.7M | ||
| Q4 24 | $171.2M | $253.0M | ||
| Q3 24 | $168.9M | $253.2M | ||
| Q2 24 | $145.7M | $245.2M |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $2.2B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $1.2B | $2.3B | ||
| Q1 25 | $1.2B | $2.3B | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $1.1B | $2.3B | ||
| Q2 24 | $1.1B | $2.4B |
| Q1 26 | — | — | ||
| Q4 25 | 4.91× | 0.38× | ||
| Q3 25 | 4.56× | 0.39× | ||
| Q2 25 | 4.48× | 0.40× | ||
| Q1 25 | 4.04× | 0.40× | ||
| Q4 24 | 4.05× | 0.61× | ||
| Q3 24 | 4.10× | 0.61× | ||
| Q2 24 | 4.96× | 0.66× |
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 | — | $34.4M |
| Free Cash FlowOCF − Capex | — | $33.4M |
| FCF MarginFCF / Revenue | — | 140.2% |
| Capex IntensityCapex / Revenue | — | 4.0% |
| Cash ConversionOCF / Net Profit | — | 6.08× |
| TTM Free Cash FlowTrailing 4 quarters | — | $54.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $88.2M | $34.4M | ||
| Q3 25 | $18.9M | $14.0M | ||
| Q2 25 | $35.8M | $5.5M | ||
| Q1 25 | $17.7M | $2.2M | ||
| Q4 24 | $57.0M | $93.2M | ||
| Q3 24 | $5.5M | $11.9M | ||
| Q2 24 | $13.6M | $54.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $33.4M | ||
| Q3 25 | — | $13.7M | ||
| Q2 25 | — | $5.2M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | — | $89.4M | ||
| Q3 24 | — | $10.5M | ||
| Q2 24 | — | $53.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 140.2% | ||
| Q3 25 | — | 57.4% | ||
| Q2 25 | — | 23.0% | ||
| Q1 25 | — | 10.0% | ||
| Q4 24 | — | 394.0% | ||
| Q3 24 | — | 49.0% | ||
| Q2 24 | — | 278.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.0% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 16.7% | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | 5.9% |
| Q1 26 | — | — | ||
| Q4 25 | 16.38× | 6.08× | ||
| Q3 25 | 4.57× | 2.02× | ||
| Q2 25 | 7.74× | 0.92× | ||
| Q1 25 | 3.44× | 0.48× | ||
| Q4 24 | 7.93× | 15.23× | ||
| Q3 24 | 0.47× | 2.63× | ||
| Q2 24 | 8.44× | 59.35× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
