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Side-by-side financial comparison of GLADSTONE COMMERCIAL CORP (GOOD) and OR Royalties Inc. (OR). Click either name above to swap in a different company.
OR Royalties Inc. is the larger business by last-quarter revenue ($46.7M vs $43.5M, roughly 1.1× GLADSTONE COMMERCIAL CORP).
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.
OR Royalties Inc. is a Canadian company that holds royalties in gold, silver and diamond mines, principally in the form of net smelter returns and streams.Like its predecessor company, Osisko Mining, it is headquartered in Montreal, Quebec, with shares listed on the Toronto Stock Exchange and the New York Stock Exchange.
GOOD vs OR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2022
| Metric | | |
|---|---|---|
| Revenue | $43.5M | $46.7M |
| Net Profit | $5.4M | — |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 12.4% | — |
| Revenue YoY | 16.3% | — |
| Net Profit YoY | -25.1% | — |
| EPS (diluted) | $0.05 | — |
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 | $43.5M | — | ||
| Q3 25 | $40.8M | — | ||
| Q2 25 | $39.5M | — | ||
| Q1 25 | $37.5M | — | ||
| Q4 24 | $37.4M | — | ||
| Q3 24 | $39.2M | — | ||
| Q2 24 | $37.1M | — | ||
| Q1 24 | $35.7M | — |
| Q4 25 | $5.4M | — | ||
| Q3 25 | $4.1M | — | ||
| Q2 25 | $4.6M | — | ||
| Q1 25 | $5.1M | — | ||
| Q4 24 | $7.2M | — | ||
| Q3 24 | $11.7M | — | ||
| Q2 24 | $1.6M | — | ||
| Q1 24 | $3.5M | — |
| Q4 25 | 12.4% | — | ||
| Q3 25 | 10.1% | — | ||
| Q2 25 | 11.7% | — | ||
| Q1 25 | 13.7% | — | ||
| Q4 24 | 19.2% | — | ||
| Q3 24 | 29.8% | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | 9.9% | — |
| Q4 25 | $0.05 | — | ||
| Q3 25 | $0.02 | — | ||
| Q2 25 | $0.03 | — | ||
| Q1 25 | $0.04 | — | ||
| Q4 24 | $0.10 | — | ||
| Q3 24 | $0.20 | — | ||
| Q2 24 | $-0.04 | — | ||
| Q1 24 | $0.01 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.8M | — |
| Total DebtLower is stronger | $843.5M | $222.8M |
| Stockholders' EquityBook value | $171.8M | $1.3B |
| Total Assets | $1.2B | — |
| Debt / EquityLower = less leverage | 4.91× | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.8M | — | ||
| Q3 25 | $18.4M | — | ||
| Q2 25 | $11.7M | — | ||
| Q1 25 | $10.4M | — | ||
| Q4 24 | $11.0M | — | ||
| Q3 24 | $10.5M | — | ||
| Q2 24 | $10.4M | — | ||
| Q1 24 | $10.5M | — |
| Q4 25 | $843.5M | — | ||
| Q3 25 | $843.3M | — | ||
| Q2 25 | $794.4M | — | ||
| Q1 25 | $740.7M | — | ||
| Q4 24 | $693.4M | — | ||
| Q3 24 | $692.6M | — | ||
| Q2 24 | $722.5M | — | ||
| Q1 24 | $719.4M | — |
| Q4 25 | $171.8M | — | ||
| Q3 25 | $184.8M | — | ||
| Q2 25 | $177.2M | — | ||
| Q1 25 | $183.2M | — | ||
| Q4 24 | $171.2M | — | ||
| Q3 24 | $168.9M | — | ||
| Q2 24 | $145.7M | — | ||
| Q1 24 | $147.3M | — |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | 4.91× | — | ||
| Q3 25 | 4.56× | — | ||
| Q2 25 | 4.48× | — | ||
| Q1 25 | 4.04× | — | ||
| Q4 24 | 4.05× | — | ||
| Q3 24 | 4.10× | — | ||
| Q2 24 | 4.96× | — | ||
| Q1 24 | 4.88× | — |
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 | $88.2M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 16.38× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $88.2M | — | ||
| Q3 25 | $18.9M | — | ||
| Q2 25 | $35.8M | — | ||
| Q1 25 | $17.7M | — | ||
| Q4 24 | $57.0M | — | ||
| Q3 24 | $5.5M | — | ||
| Q2 24 | $13.6M | — | ||
| Q1 24 | $15.0M | — |
| Q4 25 | 16.38× | — | ||
| Q3 25 | 4.57× | — | ||
| Q2 25 | 7.74× | — | ||
| Q1 25 | 3.44× | — | ||
| Q4 24 | 7.93× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 8.44× | — | ||
| Q1 24 | 4.26× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
