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Side-by-side financial comparison of GLADSTONE COMMERCIAL CORP (GOOD) and READING INTERNATIONAL INC (RDI). Click either name above to swap in a different company.
READING INTERNATIONAL INC is the larger business by last-quarter revenue ($50.3M vs $43.5M, roughly 1.2× GLADSTONE COMMERCIAL CORP). GLADSTONE COMMERCIAL CORP runs the higher net margin — 12.4% vs -5.1%, a 17.5% gap on every dollar of revenue. On growth, GLADSTONE COMMERCIAL CORP posted the faster year-over-year revenue change (16.3% vs -14.2%). Over the past eight quarters, GLADSTONE COMMERCIAL CORP's revenue compounded faster (10.3% CAGR vs 5.6%).
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.
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
GOOD vs RDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.5M | $50.3M |
| Net Profit | $5.4M | $-2.6M |
| Gross Margin | — | — |
| Operating Margin | — | -1.9% |
| Net Margin | 12.4% | -5.1% |
| Revenue YoY | 16.3% | -14.2% |
| Net Profit YoY | -25.1% | -14.5% |
| EPS (diluted) | $0.05 | $-0.11 |
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.
| Q4 25 | $43.5M | $50.3M | ||
| Q3 25 | $40.8M | $52.2M | ||
| Q2 25 | $39.5M | $60.4M | ||
| Q1 25 | $37.5M | $40.2M | ||
| Q4 24 | $37.4M | $58.6M | ||
| Q3 24 | $39.2M | $60.1M | ||
| Q2 24 | $37.1M | $46.8M | ||
| Q1 24 | $35.7M | $45.1M |
| Q4 25 | $5.4M | $-2.6M | ||
| Q3 25 | $4.1M | $-4.2M | ||
| Q2 25 | $4.6M | $-2.7M | ||
| Q1 25 | $5.1M | $-4.8M | ||
| Q4 24 | $7.2M | $-2.2M | ||
| Q3 24 | $11.7M | $-7.0M | ||
| Q2 24 | $1.6M | $-12.8M | ||
| Q1 24 | $3.5M | $-13.2M |
| Q4 25 | — | -1.9% | ||
| Q3 25 | — | -0.6% | ||
| Q2 25 | — | 4.8% | ||
| Q1 25 | — | -17.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | -0.6% | ||
| Q2 24 | — | -16.4% | ||
| Q1 24 | — | -16.7% |
| Q4 25 | 12.4% | -5.1% | ||
| Q3 25 | 10.1% | -8.0% | ||
| Q2 25 | 11.7% | -4.4% | ||
| Q1 25 | 13.7% | -11.8% | ||
| Q4 24 | 19.2% | -3.8% | ||
| Q3 24 | 29.8% | -11.7% | ||
| Q2 24 | 4.3% | -27.4% | ||
| Q1 24 | 9.9% | -29.4% |
| Q4 25 | $0.05 | $-0.11 | ||
| Q3 25 | $0.02 | $-0.18 | ||
| Q2 25 | $0.03 | $-0.12 | ||
| Q1 25 | $0.04 | $-0.21 | ||
| Q4 24 | $0.10 | $-0.11 | ||
| Q3 24 | $0.20 | $-0.31 | ||
| Q2 24 | $-0.04 | $-0.57 | ||
| Q1 24 | $0.01 | $-0.59 |
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 | $10.5M |
| Total DebtLower is stronger | $843.5M | $185.1M |
| Stockholders' EquityBook value | $171.8M | $-18.2M |
| Total Assets | $1.2B | $434.9M |
| Debt / EquityLower = less leverage | 4.91× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.8M | $10.5M | ||
| Q3 25 | $18.4M | $8.1M | ||
| Q2 25 | $11.7M | $9.1M | ||
| Q1 25 | $10.4M | $5.9M | ||
| Q4 24 | $11.0M | $12.4M | ||
| Q3 24 | $10.5M | $10.1M | ||
| Q2 24 | $10.4M | $9.3M | ||
| Q1 24 | $10.5M | $7.5M |
| Q4 25 | $843.5M | $185.1M | ||
| Q3 25 | $843.3M | — | ||
| Q2 25 | $794.4M | — | ||
| Q1 25 | $740.7M | — | ||
| Q4 24 | $693.4M | $202.7M | ||
| Q3 24 | $692.6M | — | ||
| Q2 24 | $722.5M | — | ||
| Q1 24 | $719.4M | — |
| Q4 25 | $171.8M | $-18.2M | ||
| Q3 25 | $184.8M | $-12.1M | ||
| Q2 25 | $177.2M | $-7.7M | ||
| Q1 25 | $183.2M | $-8.1M | ||
| Q4 24 | $171.2M | $-4.4M | ||
| Q3 24 | $168.9M | $1.6M | ||
| Q2 24 | $145.7M | $6.5M | ||
| Q1 24 | $147.3M | $18.0M |
| Q4 25 | $1.2B | $434.9M | ||
| Q3 25 | $1.3B | $435.2M | ||
| Q2 25 | $1.2B | $438.1M | ||
| Q1 25 | $1.2B | $441.0M | ||
| Q4 24 | $1.1B | $471.0M | ||
| Q3 24 | $1.1B | $495.7M | ||
| Q2 24 | $1.1B | $494.9M | ||
| Q1 24 | $1.1B | $494.9M |
| 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 | $4.3M |
| Free Cash FlowOCF − Capex | — | $4.1M |
| FCF MarginFCF / Revenue | — | 8.2% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | 16.38× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $88.2M | $4.3M | ||
| Q3 25 | $18.9M | $295.0K | ||
| Q2 25 | $35.8M | $1.6M | ||
| Q1 25 | $17.7M | $-7.7M | ||
| Q4 24 | $57.0M | $8.0M | ||
| Q3 24 | $5.5M | $1.3M | ||
| Q2 24 | $13.6M | $-10.4M | ||
| Q1 24 | $15.0M | $-2.8M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $-246.0K | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | $7.0M | ||
| Q3 24 | — | $-1.1M | ||
| Q2 24 | — | $-10.6M | ||
| Q1 24 | — | $-4.7M |
| Q4 25 | — | 8.2% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -19.8% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | -1.8% | ||
| Q2 24 | — | -22.7% | ||
| Q1 24 | — | -10.4% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 4.3% |
| 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.
Revenue Breakdown by Segment
GOOD
Segment breakdown not available.
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
