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Side-by-side financial comparison of N-able, Inc. (NABL) and NNN REIT, INC. (NNN). Click either name above to swap in a different company.

NNN REIT, INC. is the larger business by last-quarter revenue ($238.4M vs $130.3M, roughly 1.8× N-able, Inc.). On growth, N-able, Inc. posted the faster year-over-year revenue change (11.8% vs 9.1%). Over the past eight quarters, N-able, Inc.'s revenue compounded faster (7.0% CAGR vs 5.2%).

Able UK is a British industrial services company specialising in decommissioning of ships and offshore installations.

NNN Reit, Inc. is a real estate investment trust that invests primarily in restaurant properties that are subject to long-term triple net leases, usually under leaseback arrangements. It is organized in Maryland with its principal office in Orlando, Florida.

NABL vs NNN — Head-to-Head

Bigger by revenue
NNN
NNN
1.8× larger
NNN
$238.4M
$130.3M
NABL
Growing faster (revenue YoY)
NABL
NABL
+2.7% gap
NABL
11.8%
9.1%
NNN
Faster 2-yr revenue CAGR
NABL
NABL
Annualised
NABL
7.0%
5.2%
NNN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NABL
NABL
NNN
NNN
Revenue
$130.3M
$238.4M
Net Profit
$96.0M
Gross Margin
76.2%
Operating Margin
10.2%
62.3%
Net Margin
40.2%
Revenue YoY
11.8%
9.1%
Net Profit YoY
-2.0%
EPS (diluted)
$-0.04
$0.51

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
NABL
NABL
NNN
NNN
Q4 25
$130.3M
$238.4M
Q3 25
$131.7M
$230.2M
Q2 25
$131.2M
$226.8M
Q1 25
$118.2M
$230.9M
Q4 24
$116.5M
$218.5M
Q3 24
$116.4M
$218.6M
Q2 24
$119.4M
$216.8M
Q1 24
$113.7M
$215.4M
Net Profit
NABL
NABL
NNN
NNN
Q4 25
$96.0M
Q3 25
$1.4M
$96.8M
Q2 25
$-4.0M
$100.5M
Q1 25
$-7.2M
$96.5M
Q4 24
$97.9M
Q3 24
$10.8M
$97.9M
Q2 24
$9.5M
$106.7M
Q1 24
$7.5M
$94.4M
Gross Margin
NABL
NABL
NNN
NNN
Q4 25
76.2%
Q3 25
77.5%
Q2 25
78.1%
Q1 25
76.6%
Q4 24
80.0%
Q3 24
82.9%
Q2 24
84.0%
Q1 24
83.9%
Operating Margin
NABL
NABL
NNN
NNN
Q4 25
10.2%
62.3%
Q3 25
8.8%
64.0%
Q2 25
7.7%
66.0%
Q1 25
1.5%
62.3%
Q4 24
13.7%
65.8%
Q3 24
20.5%
65.7%
Q2 24
18.4%
70.2%
Q1 24
18.0%
64.2%
Net Margin
NABL
NABL
NNN
NNN
Q4 25
40.2%
Q3 25
1.1%
42.1%
Q2 25
-3.1%
44.3%
Q1 25
-6.1%
41.8%
Q4 24
44.8%
Q3 24
9.2%
44.8%
Q2 24
7.9%
49.2%
Q1 24
6.6%
43.8%
EPS (diluted)
NABL
NABL
NNN
NNN
Q4 25
$-0.04
$0.51
Q3 25
$0.01
$0.51
Q2 25
$-0.02
$0.54
Q1 25
$-0.04
$0.51
Q4 24
$0.01
$0.52
Q3 24
$0.06
$0.53
Q2 24
$0.05
$0.58
Q1 24
$0.04
$0.52

Balance Sheet & Financial Strength

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

Metric
NABL
NABL
NNN
NNN
Cash + ST InvestmentsLiquidity on hand
$111.8M
$5.0M
Total DebtLower is stronger
$393.9M
Stockholders' EquityBook value
$804.7M
$4.4B
Total Assets
$1.4B
$9.4B
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NABL
NABL
NNN
NNN
Q4 25
$111.8M
$5.0M
Q3 25
$101.4M
$157.9M
Q2 25
$93.9M
$6.0M
Q1 25
$94.1M
$5.1M
Q4 24
$85.2M
$8.7M
Q3 24
$174.4M
$173.5M
Q2 24
$157.5M
$2.1M
Q1 24
$139.2M
$1.1M
Total Debt
NABL
NABL
NNN
NNN
Q4 25
$393.9M
Q3 25
$331.7M
Q2 25
$332.1M
Q1 25
$332.6M
Q4 24
$333.1M
Q3 24
$333.6M
Q2 24
$334.1M
Q1 24
$334.5M
Stockholders' Equity
NABL
NABL
NNN
NNN
Q4 25
$804.7M
$4.4B
Q3 25
$813.4M
$4.4B
Q2 25
$809.4M
$4.4B
Q1 25
$775.1M
$4.4B
Q4 24
$759.3M
$4.4B
Q3 24
$765.0M
$4.4B
Q2 24
$724.4M
$4.2B
Q1 24
$709.1M
$4.2B
Total Assets
NABL
NABL
NNN
NNN
Q4 25
$1.4B
$9.4B
Q3 25
$1.4B
$9.5B
Q2 25
$1.4B
$9.1B
Q1 25
$1.4B
$9.0B
Q4 24
$1.3B
$8.9B
Q3 24
$1.2B
$8.9B
Q2 24
$1.2B
$8.7B
Q1 24
$1.1B
$8.7B
Debt / Equity
NABL
NABL
NNN
NNN
Q4 25
0.49×
Q3 25
0.41×
Q2 25
0.41×
Q1 25
0.43×
Q4 24
0.44×
Q3 24
0.44×
Q2 24
0.46×
Q1 24
0.47×

Cash Flow & Capital Efficiency

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

Metric
NABL
NABL
NNN
NNN
Operating Cash FlowLast quarter
$25.3M
$667.1M
Free Cash FlowOCF − Capex
$20.9M
FCF MarginFCF / Revenue
16.0%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
6.95×
TTM Free Cash FlowTrailing 4 quarters
$75.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NABL
NABL
NNN
NNN
Q4 25
$25.3M
$667.1M
Q3 25
$24.0M
$218.3M
Q2 25
$24.2M
$119.4M
Q1 25
$19.7M
$203.3M
Q4 24
$26.0M
$635.5M
Q3 24
$22.0M
$206.6M
Q2 24
$27.3M
$120.5M
Q1 24
$4.2M
$190.7M
Free Cash Flow
NABL
NABL
NNN
NNN
Q4 25
$20.9M
Q3 25
$17.4M
Q2 25
$20.4M
Q1 25
$16.4M
Q4 24
$18.8M
Q3 24
$18.2M
Q2 24
$24.0M
Q1 24
$746.0K
FCF Margin
NABL
NABL
NNN
NNN
Q4 25
16.0%
Q3 25
13.2%
Q2 25
15.5%
Q1 25
13.9%
Q4 24
16.2%
Q3 24
15.7%
Q2 24
20.1%
Q1 24
0.7%
Capex Intensity
NABL
NABL
NNN
NNN
Q4 25
3.4%
Q3 25
5.0%
Q2 25
2.9%
Q1 25
2.8%
Q4 24
6.1%
Q3 24
3.2%
Q2 24
2.7%
Q1 24
3.0%
Cash Conversion
NABL
NABL
NNN
NNN
Q4 25
6.95×
Q3 25
17.36×
2.25×
Q2 25
1.19×
Q1 25
2.11×
Q4 24
6.49×
Q3 24
2.04×
2.11×
Q2 24
2.89×
1.13×
Q1 24
0.56×
2.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NABL
NABL

Transferred Over Time$121.9M94%
Transferred At Point In Time$8.4M6%
Other Revenue$1.3M1%

NNN
NNN

Segment breakdown not available.

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