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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) and NETSTREIT Corp. (NTST). Click either name above to swap in a different company.
Granite Ridge Resources, Inc. is the larger business by last-quarter revenue ($128.3M vs $57.1M, roughly 2.2× NETSTREIT Corp.). NETSTREIT Corp. runs the higher net margin — 10.0% vs -36.7%, a 46.7% gap on every dollar of revenue. On growth, NETSTREIT Corp. posted the faster year-over-year revenue change (24.3% vs 4.3%). Over the past eight quarters, NETSTREIT Corp.'s revenue compounded faster (20.1% CAGR vs 18.9%).
Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.
NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.
GRNT vs NTST — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $128.3M | $57.1M |
| Net Profit | $-47.0M | $5.7M |
| Gross Margin | — | — |
| Operating Margin | — | 34.1% |
| Net Margin | -36.7% | 10.0% |
| Revenue YoY | 4.3% | 24.3% |
| Net Profit YoY | — | 235.9% |
| EPS (diluted) | $-0.36 | $0.32 |
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 | $128.3M | $57.1M | ||
| Q4 25 | $105.5M | $52.5M | ||
| Q3 25 | $112.7M | $48.3M | ||
| Q2 25 | $109.2M | $48.3M | ||
| Q1 25 | $122.9M | $45.9M | ||
| Q4 24 | $106.3M | $44.1M | ||
| Q3 24 | $94.1M | $41.4M | ||
| Q2 24 | $90.7M | $39.6M |
| Q1 26 | $-47.0M | $5.7M | ||
| Q4 25 | — | $1.3M | ||
| Q3 25 | $14.5M | $618.0K | ||
| Q2 25 | $25.1M | $3.3M | ||
| Q1 25 | $9.8M | $1.7M | ||
| Q4 24 | — | $-5.4M | ||
| Q3 24 | $9.1M | $-5.3M | ||
| Q2 24 | $5.1M | $-2.3M |
| Q1 26 | — | 34.1% | ||
| Q4 25 | -34.5% | 2.6% | ||
| Q3 25 | 17.4% | 1.3% | ||
| Q2 25 | 19.0% | 6.8% | ||
| Q1 25 | 34.6% | 3.7% | ||
| Q4 24 | -6.5% | -12.3% | ||
| Q3 24 | 26.2% | -12.8% | ||
| Q2 24 | 24.1% | -5.8% |
| Q1 26 | -36.7% | 10.0% | ||
| Q4 25 | — | 2.5% | ||
| Q3 25 | 12.9% | 1.3% | ||
| Q2 25 | 23.0% | 6.8% | ||
| Q1 25 | 8.0% | 3.7% | ||
| Q4 24 | — | -12.3% | ||
| Q3 24 | 9.6% | -12.8% | ||
| Q2 24 | 5.6% | -5.8% |
| Q1 26 | $-0.36 | $0.32 | ||
| Q4 25 | $-0.19 | $0.01 | ||
| Q3 25 | $0.11 | $0.01 | ||
| Q2 25 | $0.19 | $0.04 | ||
| Q1 25 | $0.07 | $0.02 | ||
| Q4 24 | $-0.09 | $-0.07 | ||
| Q3 24 | $0.07 | $-0.07 | ||
| Q2 24 | $0.04 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $26.3M | — |
| Stockholders' EquityBook value | $545.6M | $1.5B |
| Total Assets | $1.2B | $2.8B |
| Debt / EquityLower = less leverage | 0.05× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $26.3M | — | ||
| Q4 25 | $367.8M | $1.1B | ||
| Q3 25 | $300.0M | $1.1B | ||
| Q2 25 | $275.0M | $926.6M | ||
| Q1 25 | $250.0M | $913.3M | ||
| Q4 24 | $205.0M | $868.3M | ||
| Q3 24 | — | $778.7M | ||
| Q2 24 | — | $726.2M |
| Q1 26 | $545.6M | $1.5B | ||
| Q4 25 | $605.8M | $1.4B | ||
| Q3 25 | $643.9M | $1.3B | ||
| Q2 25 | $642.5M | $1.3B | ||
| Q1 25 | $631.4M | $1.3B | ||
| Q4 24 | $635.4M | $1.3B | ||
| Q3 24 | $660.6M | $1.3B | ||
| Q2 24 | $665.3M | $1.3B |
| Q1 26 | $1.2B | $2.8B | ||
| Q4 25 | $1.2B | $2.6B | ||
| Q3 25 | $1.1B | $2.5B | ||
| Q2 25 | $1.1B | $2.3B | ||
| Q1 25 | $1.1B | $2.3B | ||
| Q4 24 | $1.0B | $2.3B | ||
| Q3 24 | $1.0B | $2.2B | ||
| Q2 24 | $990.5M | $2.1B |
| Q1 26 | 0.05× | — | ||
| Q4 25 | 0.61× | 0.76× | ||
| Q3 25 | 0.47× | 0.84× | ||
| Q2 25 | 0.43× | 0.70× | ||
| Q1 25 | 0.40× | 0.70× | ||
| Q4 24 | 0.32× | 0.65× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.55× |
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 | $58.3M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 47.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $58.3M | — | ||
| Q4 25 | $64.5M | $109.5M | ||
| Q3 25 | $77.8M | $28.0M | ||
| Q2 25 | $78.0M | $30.6M | ||
| Q1 25 | $76.1M | $22.1M | ||
| Q4 24 | $68.2M | $90.2M | ||
| Q3 24 | $74.7M | $25.1M | ||
| Q2 24 | $64.2M | $25.4M |
| Q1 26 | 47.1% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 82.46× | ||
| Q3 25 | 5.36× | 45.27× | ||
| Q2 25 | 3.11× | 9.36× | ||
| Q1 25 | 7.75× | 13.06× | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.25× | — | ||
| Q2 24 | 12.58× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRNT
| Oil sales | $103.4M | 81% |
| Natural gas and related product sales | $24.8M | 19% |
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
