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Side-by-side financial comparison of NaaS Technology Inc. (NAAS) and ONE LIBERTY PROPERTIES INC (OLP). Click either name above to swap in a different company.

NaaS Technology Inc. is the larger business by last-quarter revenue ($25.9M vs $24.7M, roughly 1.0× ONE LIBERTY PROPERTIES INC). ONE LIBERTY PROPERTIES INC runs the higher net margin — 9.7% vs -193.3%, a 203.0% gap on every dollar of revenue. On growth, NaaS Technology Inc. posted the faster year-over-year revenue change (121.2% vs 3.7%).

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

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.

NAAS vs OLP — Head-to-Head

Bigger by revenue
NAAS
NAAS
1.0× larger
NAAS
$25.9M
$24.7M
OLP
Growing faster (revenue YoY)
NAAS
NAAS
+117.5% gap
NAAS
121.2%
3.7%
OLP
Higher net margin
OLP
OLP
203.0% more per $
OLP
9.7%
-193.3%
NAAS

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
NAAS
NAAS
OLP
OLP
Revenue
$25.9M
$24.7M
Net Profit
$-50.0M
$2.4M
Gross Margin
29.2%
Operating Margin
-144.2%
28.6%
Net Margin
-193.3%
9.7%
Revenue YoY
121.2%
3.7%
Net Profit YoY
18.4%
-77.1%
EPS (diluted)
$-0.02
$0.10

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
NAAS
NAAS
OLP
OLP
Q4 25
$24.7M
Q3 25
$23.8M
Q2 25
$24.5M
Q1 25
$24.2M
Q4 24
$23.9M
Q3 24
$22.2M
Q2 24
$25.9M
$21.8M
Q1 24
$22.7M
Net Profit
NAAS
NAAS
OLP
OLP
Q4 25
$2.4M
Q3 25
$10.5M
Q2 25
$8.4M
Q1 25
$4.2M
Q4 24
$10.6M
Q3 24
$5.2M
Q2 24
$-50.0M
$9.6M
Q1 24
$5.2M
Gross Margin
NAAS
NAAS
OLP
OLP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
29.2%
Q1 24
Operating Margin
NAAS
NAAS
OLP
OLP
Q4 25
28.6%
Q3 25
66.7%
Q2 25
62.6%
Q1 25
39.8%
Q4 24
65.0%
Q3 24
45.0%
Q2 24
-144.2%
66.0%
Q1 24
44.1%
Net Margin
NAAS
NAAS
OLP
OLP
Q4 25
9.7%
Q3 25
44.1%
Q2 25
34.3%
Q1 25
17.2%
Q4 24
44.1%
Q3 24
23.3%
Q2 24
-193.3%
43.8%
Q1 24
22.7%
EPS (diluted)
NAAS
NAAS
OLP
OLP
Q4 25
$0.10
Q3 25
$0.48
Q2 25
$0.39
Q1 25
$0.18
Q4 24
$0.49
Q3 24
$0.23
Q2 24
$-0.02
$0.45
Q1 24
$0.23

Balance Sheet & Financial Strength

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

Metric
NAAS
NAAS
OLP
OLP
Cash + ST InvestmentsLiquidity on hand
$24.7M
$14.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-33.4M
$299.6M
Total Assets
$180.2M
$857.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAAS
NAAS
OLP
OLP
Q4 25
$14.4M
Q3 25
$18.8M
Q2 25
$19.0M
Q1 25
$8.2M
Q4 24
$42.3M
Q3 24
$25.7M
Q2 24
$24.7M
$35.0M
Q1 24
$27.4M
Stockholders' Equity
NAAS
NAAS
OLP
OLP
Q4 25
$299.6M
Q3 25
$305.6M
Q2 25
$303.4M
Q1 25
$303.2M
Q4 24
$307.4M
Q3 24
$304.2M
Q2 24
$-33.4M
$307.3M
Q1 24
$304.8M
Total Assets
NAAS
NAAS
OLP
OLP
Q4 25
$857.6M
Q3 25
$802.3M
Q2 25
$795.6M
Q1 25
$811.7M
Q4 24
$767.0M
Q3 24
$768.8M
Q2 24
$180.2M
$759.2M
Q1 24
$755.7M

Cash Flow & Capital Efficiency

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

Metric
NAAS
NAAS
OLP
OLP
Operating Cash FlowLast quarter
$-25.7M
$37.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
15.54×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAAS
NAAS
OLP
OLP
Q4 25
$37.5M
Q3 25
$10.9M
Q2 25
$11.2M
Q1 25
$11.0M
Q4 24
$39.1M
Q3 24
$10.0M
Q2 24
$-25.7M
$8.6M
Q1 24
$8.9M
Cash Conversion
NAAS
NAAS
OLP
OLP
Q4 25
15.54×
Q3 25
1.04×
Q2 25
1.33×
Q1 25
2.65×
Q4 24
3.70×
Q3 24
1.93×
Q2 24
0.90×
Q1 24
1.73×

Financial Flow Comparison

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

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