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Side-by-side financial comparison of GLADSTONE LAND Corp (LAND) and Strawberry Fields REIT, Inc. (STRW). Click either name above to swap in a different company.

GLADSTONE LAND Corp is the larger business by last-quarter revenue ($41.5M vs $40.1M, roughly 1.0× Strawberry Fields REIT, Inc.). GLADSTONE LAND Corp runs the higher net margin — 10.2% vs 5.0%, a 5.1% gap on every dollar of revenue. On growth, GLADSTONE LAND Corp posted the faster year-over-year revenue change (96.5% vs 31.5%). Over the past eight quarters, GLADSTONE LAND Corp's revenue compounded faster (43.1% CAGR vs 20.0%).

Hongkong Land (HKL) is a property investment, management and development group with commercial and residential property interests across Asia. It owns and manages some 850,000 sq. m. of office and retail property in Asia, principally in Hong Kong and Singapore. Its Hong Kong portfolio represents some 450,000 sq. m. of commercial property, making it the single largest landlord in Central, Hong Kong. In Singapore it has 165,000 sq. m. of office space mainly held through joint ventures. While it...

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

LAND vs STRW — Head-to-Head

Bigger by revenue
LAND
LAND
1.0× larger
LAND
$41.5M
$40.1M
STRW
Growing faster (revenue YoY)
LAND
LAND
+65.0% gap
LAND
96.5%
31.5%
STRW
Higher net margin
LAND
LAND
5.1% more per $
LAND
10.2%
5.0%
STRW
Faster 2-yr revenue CAGR
LAND
LAND
Annualised
LAND
43.1%
20.0%
STRW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LAND
LAND
STRW
STRW
Revenue
$41.5M
$40.1M
Net Profit
$4.2M
$2.0M
Gross Margin
Operating Margin
52.4%
Net Margin
10.2%
5.0%
Revenue YoY
96.5%
31.5%
Net Profit YoY
680.0%
37.6%
EPS (diluted)
$-0.05
$0.15

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
LAND
LAND
STRW
STRW
Q4 25
$41.5M
$40.1M
Q3 25
$17.8M
$39.7M
Q2 25
$12.3M
$37.9M
Q1 25
$16.8M
$37.3M
Q4 24
$21.1M
$30.5M
Q3 24
$22.6M
$29.5M
Q2 24
$21.3M
$29.3M
Q1 24
$20.3M
$27.8M
Net Profit
LAND
LAND
STRW
STRW
Q4 25
$4.2M
$2.0M
Q3 25
$2.1M
$2.0M
Q2 25
$-7.9M
$2.0M
Q1 25
$15.1M
$1.6M
Q4 24
$540.0K
$1.5M
Q3 24
$6.0K
$944.0K
Q2 24
$-823.0K
$938.0K
Q1 24
$13.6M
$746.0K
Operating Margin
LAND
LAND
STRW
STRW
Q4 25
52.4%
Q3 25
56.6%
Q2 25
54.5%
Q1 25
54.1%
Q4 24
51.5%
Q3 24
54.4%
Q2 24
52.3%
Q1 24
51.3%
Net Margin
LAND
LAND
STRW
STRW
Q4 25
10.2%
5.0%
Q3 25
11.7%
5.1%
Q2 25
-64.1%
5.2%
Q1 25
89.9%
4.2%
Q4 24
2.6%
4.8%
Q3 24
0.0%
3.2%
Q2 24
-3.9%
3.2%
Q1 24
67.0%
2.7%
EPS (diluted)
LAND
LAND
STRW
STRW
Q4 25
$-0.05
$0.15
Q3 25
$-0.11
$0.16
Q2 25
$-0.38
$0.16
Q1 25
$0.25
$0.13
Q4 24
$-0.15
$0.17
Q3 24
$-0.16
$0.14
Q2 24
$-0.19
$0.14
Q1 24
$0.21
$0.12

Balance Sheet & Financial Strength

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

Metric
LAND
LAND
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$27.2M
$31.8M
Total DebtLower is stronger
$473.6M
$794.7M
Stockholders' EquityBook value
$670.3M
$12.1M
Total Assets
$1.2B
$885.2M
Debt / EquityLower = less leverage
0.71×
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LAND
LAND
STRW
STRW
Q4 25
$27.2M
$31.8M
Q3 25
$11.3M
$19.8M
Q2 25
$30.5M
$96.3M
Q1 25
$42.9M
$42.3M
Q4 24
$18.3M
$48.4M
Q3 24
$13.2M
$29.3M
Q2 24
$49.8M
$16.1M
Q1 24
$51.6M
$15.1M
Total Debt
LAND
LAND
STRW
STRW
Q4 25
$473.6M
$794.7M
Q3 25
$480.4M
$779.4M
Q2 25
$496.4M
$794.1M
Q1 25
$498.8M
$715.5M
Q4 24
$527.5M
$673.9M
Q3 24
$530.7M
$584.5M
Q2 24
$549.4M
$555.0M
Q1 24
$552.2M
$560.4M
Stockholders' Equity
LAND
LAND
STRW
STRW
Q4 25
$670.3M
$12.1M
Q3 25
$661.8M
$14.2M
Q2 25
$670.1M
$15.5M
Q1 25
$689.9M
$19.6M
Q4 24
$687.2M
$18.2M
Q3 24
$691.2M
$12.6M
Q2 24
$708.5M
$7.4M
Q1 24
$723.3M
$7.5M
Total Assets
LAND
LAND
STRW
STRW
Q4 25
$1.2B
$885.2M
Q3 25
$1.2B
$880.6M
Q2 25
$1.3B
$897.3M
Q1 25
$1.3B
$834.8M
Q4 24
$1.3B
$787.6M
Q3 24
$1.3B
$661.5M
Q2 24
$1.4B
$635.9M
Q1 24
$1.4B
$634.9M
Debt / Equity
LAND
LAND
STRW
STRW
Q4 25
0.71×
65.64×
Q3 25
0.73×
54.70×
Q2 25
0.74×
51.26×
Q1 25
0.72×
36.47×
Q4 24
0.77×
37.09×
Q3 24
0.77×
46.34×
Q2 24
0.78×
74.61×
Q1 24
0.76×
74.81×

Cash Flow & Capital Efficiency

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

Metric
LAND
LAND
STRW
STRW
Operating Cash FlowLast quarter
$7.0M
$90.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.66×
44.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LAND
LAND
STRW
STRW
Q4 25
$7.0M
$90.0M
Q3 25
$-12.0M
$20.7M
Q2 25
$3.9M
$29.8M
Q1 25
$4.5M
$19.0M
Q4 24
$29.5M
$59.3M
Q3 24
$-1.4M
$11.8M
Q2 24
$15.9M
$20.6M
Q1 24
$3.4M
$2.1M
Cash Conversion
LAND
LAND
STRW
STRW
Q4 25
1.66×
44.62×
Q3 25
-5.77×
10.26×
Q2 25
15.24×
Q1 25
0.30×
11.97×
Q4 24
54.72×
40.44×
Q3 24
-227.83×
12.53×
Q2 24
21.93×
Q1 24
0.25×
2.85×

Financial Flow Comparison

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

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