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Side-by-side financial comparison of Liberty Live Holdings, Inc. (LLYVA) and NETSTREIT Corp. (NTST). Click either name above to swap in a different company.

Liberty Live Holdings, Inc. is the larger business by last-quarter revenue ($61.7M vs $57.1M, roughly 1.1× NETSTREIT Corp.). NETSTREIT Corp. runs the higher net margin — 10.0% vs -90.3%, a 100.3% gap on every dollar of revenue. On growth, NETSTREIT Corp. posted the faster year-over-year revenue change (24.3% vs -3.8%).

Liberty Media Corporation is an American mass media company founded by John C. Malone in 1991. The company has two divisions, represented by separate tracking stocks, reflecting its ownership stakes in the Formula One Group and Live Nation Entertainment. As of 2025, Liberty Media owned three global motorsport businesses in the form of Formula One, MotoGP and World Superbikes.

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.

LLYVA vs NTST — Head-to-Head

Bigger by revenue
LLYVA
LLYVA
1.1× larger
LLYVA
$61.7M
$57.1M
NTST
Growing faster (revenue YoY)
NTST
NTST
+28.1% gap
NTST
24.3%
-3.8%
LLYVA
Higher net margin
NTST
NTST
100.3% more per $
NTST
10.0%
-90.3%
LLYVA

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
LLYVA
LLYVA
NTST
NTST
Revenue
$61.7M
$57.1M
Net Profit
$-55.7M
$5.7M
Gross Margin
20.6%
Operating Margin
-27.2%
34.1%
Net Margin
-90.3%
10.0%
Revenue YoY
-3.8%
24.3%
Net Profit YoY
-464.7%
235.9%
EPS (diluted)
$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.

Revenue
LLYVA
LLYVA
NTST
NTST
Q1 26
$57.1M
Q4 25
$52.5M
Q3 25
$61.7M
$48.3M
Q2 25
$48.3M
Q1 25
$45.9M
Q4 24
$44.1M
Q3 24
$64.2M
$41.4M
Q2 24
$39.6M
Net Profit
LLYVA
LLYVA
NTST
NTST
Q1 26
$5.7M
Q4 25
$1.3M
Q3 25
$-55.7M
$618.0K
Q2 25
$3.3M
Q1 25
$1.7M
Q4 24
$-5.4M
Q3 24
$15.3M
$-5.3M
Q2 24
$-2.3M
Gross Margin
LLYVA
LLYVA
NTST
NTST
Q1 26
Q4 25
Q3 25
20.6%
Q2 25
Q1 25
Q4 24
Q3 24
13.2%
Q2 24
Operating Margin
LLYVA
LLYVA
NTST
NTST
Q1 26
34.1%
Q4 25
2.6%
Q3 25
-27.2%
1.3%
Q2 25
6.8%
Q1 25
3.7%
Q4 24
-12.3%
Q3 24
-22.6%
-12.8%
Q2 24
-5.8%
Net Margin
LLYVA
LLYVA
NTST
NTST
Q1 26
10.0%
Q4 25
2.5%
Q3 25
-90.3%
1.3%
Q2 25
6.8%
Q1 25
3.7%
Q4 24
-12.3%
Q3 24
23.8%
-12.8%
Q2 24
-5.8%
EPS (diluted)
LLYVA
LLYVA
NTST
NTST
Q1 26
$0.32
Q4 25
$0.01
Q3 25
$0.01
Q2 25
$0.04
Q1 25
$0.02
Q4 24
$-0.07
Q3 24
$-0.07
Q2 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
LLYVA
LLYVA
NTST
NTST
Cash + ST InvestmentsLiquidity on hand
$375.8M
Total DebtLower is stronger
$1.9B
Stockholders' EquityBook value
$-409.2M
$1.5B
Total Assets
$1.9B
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LLYVA
LLYVA
NTST
NTST
Q1 26
Q4 25
Q3 25
$375.8M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
LLYVA
LLYVA
NTST
NTST
Q1 26
Q4 25
$1.1B
Q3 25
$1.9B
$1.1B
Q2 25
$926.6M
Q1 25
$913.3M
Q4 24
$868.3M
Q3 24
$778.7M
Q2 24
$726.2M
Stockholders' Equity
LLYVA
LLYVA
NTST
NTST
Q1 26
$1.5B
Q4 25
$1.4B
Q3 25
$-409.2M
$1.3B
Q2 25
$1.3B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$44.6M
$1.3B
Q2 24
$1.3B
Total Assets
LLYVA
LLYVA
NTST
NTST
Q1 26
$2.8B
Q4 25
$2.6B
Q3 25
$1.9B
$2.5B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.2B
Q2 24
$2.1B
Debt / Equity
LLYVA
LLYVA
NTST
NTST
Q1 26
Q4 25
0.76×
Q3 25
0.84×
Q2 25
0.70×
Q1 25
0.70×
Q4 24
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
LLYVA
LLYVA
NTST
NTST
Operating Cash FlowLast quarter
$-28.9M
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
LLYVA
LLYVA
NTST
NTST
Q1 26
Q4 25
$109.5M
Q3 25
$-28.9M
$28.0M
Q2 25
$30.6M
Q1 25
$22.1M
Q4 24
$90.2M
Q3 24
$25.1M
Q2 24
$25.4M
Cash Conversion
LLYVA
LLYVA
NTST
NTST
Q1 26
Q4 25
82.46×
Q3 25
45.27×
Q2 25
9.36×
Q1 25
13.06×
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

LLYVA
LLYVA

Segment breakdown not available.

NTST
NTST

Rental revenue (including reimbursable)$54.0M95%
Other$3.0M5%

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