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Side-by-side financial comparison of GLADSTONE LAND Corp (LAND) and TELOS CORP (TLS). Click either name above to swap in a different company.

TELOS CORP is the larger business by last-quarter revenue ($46.8M vs $41.5M, roughly 1.1× GLADSTONE LAND Corp). GLADSTONE LAND Corp runs the higher net margin — 10.2% vs -34.9%, a 45.0% gap on every dollar of revenue. On growth, GLADSTONE LAND Corp posted the faster year-over-year revenue change (96.5% vs 77.4%). Over the past eight quarters, GLADSTONE LAND Corp's revenue compounded faster (43.1% CAGR vs 25.7%).

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...

Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.

LAND vs TLS — Head-to-Head

Bigger by revenue
TLS
TLS
1.1× larger
TLS
$46.8M
$41.5M
LAND
Growing faster (revenue YoY)
LAND
LAND
+19.1% gap
LAND
96.5%
77.4%
TLS
Higher net margin
LAND
LAND
45.0% more per $
LAND
10.2%
-34.9%
TLS
Faster 2-yr revenue CAGR
LAND
LAND
Annualised
LAND
43.1%
25.7%
TLS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LAND
LAND
TLS
TLS
Revenue
$41.5M
$46.8M
Net Profit
$4.2M
$-16.3M
Gross Margin
35.0%
Operating Margin
-39.6%
Net Margin
10.2%
-34.9%
Revenue YoY
96.5%
77.4%
Net Profit YoY
680.0%
-74.8%
EPS (diluted)
$-0.05
$-0.22

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
TLS
TLS
Q4 25
$41.5M
$46.8M
Q3 25
$17.8M
$51.4M
Q2 25
$12.3M
$36.0M
Q1 25
$16.8M
$30.6M
Q4 24
$21.1M
$26.4M
Q3 24
$22.6M
$23.8M
Q2 24
$21.3M
$28.5M
Q1 24
$20.3M
$29.6M
Net Profit
LAND
LAND
TLS
TLS
Q4 25
$4.2M
$-16.3M
Q3 25
$2.1M
$-2.1M
Q2 25
$-7.9M
$-9.5M
Q1 25
$15.1M
$-8.6M
Q4 24
$540.0K
$-9.3M
Q3 24
$6.0K
$-28.1M
Q2 24
$-823.0K
$-7.8M
Q1 24
$13.6M
$-7.4M
Gross Margin
LAND
LAND
TLS
TLS
Q4 25
35.0%
Q3 25
39.9%
Q2 25
33.2%
Q1 25
39.8%
Q4 24
40.3%
Q3 24
13.2%
Q2 24
34.1%
Q1 24
37.0%
Operating Margin
LAND
LAND
TLS
TLS
Q4 25
-39.6%
Q3 25
-4.8%
Q2 25
-27.5%
Q1 25
-29.5%
Q4 24
-37.6%
Q3 24
-121.4%
Q2 24
-30.3%
Q1 24
-28.5%
Net Margin
LAND
LAND
TLS
TLS
Q4 25
10.2%
-34.9%
Q3 25
11.7%
-4.1%
Q2 25
-64.1%
-26.5%
Q1 25
89.9%
-28.1%
Q4 24
2.6%
-35.4%
Q3 24
0.0%
-118.0%
Q2 24
-3.9%
-27.2%
Q1 24
67.0%
-24.9%
EPS (diluted)
LAND
LAND
TLS
TLS
Q4 25
$-0.05
$-0.22
Q3 25
$-0.11
$-0.03
Q2 25
$-0.38
$-0.13
Q1 25
$0.25
$-0.12
Q4 24
$-0.15
$-0.13
Q3 24
$-0.16
$-0.39
Q2 24
$-0.19
$-0.11
Q1 24
$0.21
$-0.10

Balance Sheet & Financial Strength

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

Metric
LAND
LAND
TLS
TLS
Cash + ST InvestmentsLiquidity on hand
$27.2M
$53.2M
Total DebtLower is stronger
$473.6M
Stockholders' EquityBook value
$670.3M
$96.0M
Total Assets
$1.2B
$139.9M
Debt / EquityLower = less leverage
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LAND
LAND
TLS
TLS
Q4 25
$27.2M
$53.2M
Q3 25
$11.3M
$59.0M
Q2 25
$30.5M
$57.0M
Q1 25
$42.9M
$57.8M
Q4 24
$18.3M
$54.6M
Q3 24
$13.2M
$69.8M
Q2 24
$49.8M
$80.1M
Q1 24
$51.6M
$93.9M
Total Debt
LAND
LAND
TLS
TLS
Q4 25
$473.6M
Q3 25
$480.4M
Q2 25
$496.4M
Q1 25
$498.8M
Q4 24
$527.5M
Q3 24
$530.7M
Q2 24
$549.4M
Q1 24
$552.2M
Stockholders' Equity
LAND
LAND
TLS
TLS
Q4 25
$670.3M
$96.0M
Q3 25
$661.8M
$119.7M
Q2 25
$670.1M
$118.4M
Q1 25
$689.9M
$126.1M
Q4 24
$687.2M
$127.1M
Q3 24
$691.2M
$129.5M
Q2 24
$708.5M
$149.1M
Q1 24
$723.3M
$154.4M
Total Assets
LAND
LAND
TLS
TLS
Q4 25
$1.2B
$139.9M
Q3 25
$1.2B
$164.3M
Q2 25
$1.3B
$165.0M
Q1 25
$1.3B
$158.1M
Q4 24
$1.3B
$158.2M
Q3 24
$1.3B
$166.3M
Q2 24
$1.4B
$182.4M
Q1 24
$1.4B
$195.4M
Debt / Equity
LAND
LAND
TLS
TLS
Q4 25
0.71×
Q3 25
0.73×
Q2 25
0.74×
Q1 25
0.72×
Q4 24
0.77×
Q3 24
0.77×
Q2 24
0.78×
Q1 24
0.76×

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
TLS
TLS
Operating Cash FlowLast quarter
$7.0M
$8.0M
Free Cash FlowOCF − Capex
$8.0M
FCF MarginFCF / Revenue
17.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.66×
TTM Free Cash FlowTrailing 4 quarters
$29.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LAND
LAND
TLS
TLS
Q4 25
$7.0M
$8.0M
Q3 25
$-12.0M
$9.1M
Q2 25
$3.9M
$7.0M
Q1 25
$4.5M
$6.1M
Q4 24
$29.5M
$-10.5M
Q3 24
$-1.4M
$-7.1M
Q2 24
$15.9M
$-8.0M
Q1 24
$3.4M
$-350.0K
Free Cash Flow
LAND
LAND
TLS
TLS
Q4 25
$8.0M
Q3 25
$8.7M
Q2 25
$6.8M
Q1 25
$6.0M
Q4 24
$-12.4M
Q3 24
$-7.1M
Q2 24
$-8.2M
Q1 24
$-447.0K
FCF Margin
LAND
LAND
TLS
TLS
Q4 25
17.0%
Q3 25
16.9%
Q2 25
19.0%
Q1 25
19.5%
Q4 24
-47.0%
Q3 24
-30.0%
Q2 24
-28.9%
Q1 24
-1.5%
Capex Intensity
LAND
LAND
TLS
TLS
Q4 25
0.1%
Q3 25
0.9%
Q2 25
0.4%
Q1 25
0.4%
Q4 24
7.1%
Q3 24
0.2%
Q2 24
0.8%
Q1 24
0.3%
Cash Conversion
LAND
LAND
TLS
TLS
Q4 25
1.66×
Q3 25
-5.77×
Q2 25
Q1 25
0.30×
Q4 24
54.72×
Q3 24
-227.83×
Q2 24
Q1 24
0.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LAND
LAND

Segment breakdown not available.

TLS
TLS

Security Solutions Segment$44.8M96%
Secure Networks Segment$1.9M4%

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