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Side-by-side financial comparison of GLADSTONE COMMERCIAL CORP (GOOD) and Valneva SE (VALN). Click either name above to swap in a different company.

GLADSTONE COMMERCIAL CORP is the larger business by last-quarter revenue ($41.9M vs $36.2M, roughly 1.2× Valneva SE). GLADSTONE COMMERCIAL CORP runs the higher net margin — 16.6% vs -54.1%, a 70.7% gap on every dollar of revenue.

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.

Valneva SE is a specialty vaccine company registered in Saint-Herblain, France, developing, producing and commercializing vaccines for infectious diseases. It has manufacturing sites in Livingston, Scotland; Solna, Sweden, and Vienna, Austria; with other offices in France, Canada and the United States.

GOOD vs VALN — Head-to-Head

Bigger by revenue
GOOD
GOOD
1.2× larger
GOOD
$41.9M
$36.2M
VALN
Higher net margin
GOOD
GOOD
70.7% more per $
GOOD
16.6%
-54.1%
VALN

Income Statement — Q1 FY2026 vs Q1 FY2023

Metric
GOOD
GOOD
VALN
VALN
Revenue
$41.9M
$36.2M
Net Profit
$7.0M
$-19.6M
Gross Margin
38.9%
Operating Margin
160.2%
-49.5%
Net Margin
16.6%
-54.1%
Revenue YoY
-3.6%
Net Profit YoY
29.5%
EPS (diluted)

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
GOOD
GOOD
VALN
VALN
Q1 26
$41.9M
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
Net Profit
GOOD
GOOD
VALN
VALN
Q1 26
$7.0M
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
Operating Margin
GOOD
GOOD
VALN
VALN
Q1 26
160.2%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Net Margin
GOOD
GOOD
VALN
VALN
Q1 26
16.6%
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%
EPS (diluted)
GOOD
GOOD
VALN
VALN
Q1 26
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

Balance Sheet & Financial Strength

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

Metric
GOOD
GOOD
VALN
VALN
Cash + ST InvestmentsLiquidity on hand
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$221.2M
Total Assets
$1.2B
$637.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GOOD
GOOD
VALN
VALN
Q1 26
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
Total Debt
GOOD
GOOD
VALN
VALN
Q1 26
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
Stockholders' Equity
GOOD
GOOD
VALN
VALN
Q1 26
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
Total Assets
GOOD
GOOD
VALN
VALN
Q1 26
$1.2B
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
Debt / Equity
GOOD
GOOD
VALN
VALN
Q1 26
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×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GOOD
GOOD
VALN
VALN
Operating Cash FlowLast quarter
$-26.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GOOD
GOOD
VALN
VALN
Q1 26
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
Cash Conversion
GOOD
GOOD
VALN
VALN
Q1 26
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×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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