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Side-by-side financial comparison of Net Lease Office Properties (NLOP) and Organogenesis Holdings Inc. (ORGO). Click either name above to swap in a different company.

Organogenesis Holdings Inc. is the larger business by last-quarter revenue ($37.2M vs $30.7M, roughly 1.2× Net Lease Office Properties). On growth, Net Lease Office Properties posted the faster year-over-year revenue change (10.9% vs -57.1%). Over the past eight quarters, Net Lease Office Properties's revenue compounded faster (-16.4% CAGR vs -46.5%).

Net Lease Office Properties is a real estate investment entity focused on acquiring, owning, and operating high-quality single-tenant net lease office assets, primarily located across the United States. It delivers stable, long-term income streams to investors through its curated portfolio of commercial real estate holdings.

Organogenesis Holdings Inc. is a leading regenerative medicine firm specializing in developing and manufacturing advanced therapeutic products for wound care, surgical repair, sports medicine, and dermatology. It serves healthcare providers and patients primarily in the U.S. and select international markets, offering clinically validated solutions for unmet medical needs.

NLOP vs ORGO — Head-to-Head

Bigger by revenue
ORGO
ORGO
1.2× larger
ORGO
$37.2M
$30.7M
NLOP
Growing faster (revenue YoY)
NLOP
NLOP
+67.9% gap
NLOP
10.9%
-57.1%
ORGO
Faster 2-yr revenue CAGR
NLOP
NLOP
Annualised
NLOP
-16.4%
-46.5%
ORGO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
NLOP
NLOP
ORGO
ORGO
Revenue
$30.7M
$37.2M
Net Profit
$-53.0K
Gross Margin
30.8%
Operating Margin
-0.2%
-185.1%
Net Margin
-0.2%
Revenue YoY
10.9%
-57.1%
Net Profit YoY
99.9%
EPS (diluted)
$-0.01

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
NLOP
NLOP
ORGO
ORGO
Q1 26
$37.2M
Q4 25
$30.7M
$225.6M
Q3 25
$29.8M
$150.9M
Q2 25
$29.2M
$101.0M
Q1 25
$29.2M
$86.7M
Q4 24
$27.7M
$126.7M
Q3 24
$31.5M
$115.2M
Q2 24
$39.0M
$130.2M
Net Profit
NLOP
NLOP
ORGO
ORGO
Q1 26
Q4 25
$-53.0K
$43.7M
Q3 25
$-64.2M
$21.6M
Q2 25
$-81.5M
$-9.4M
Q1 25
$492.0K
$-18.8M
Q4 24
$-35.8M
$7.7M
Q3 24
$-40.3M
$12.3M
Q2 24
$12.5M
$-17.0M
Gross Margin
NLOP
NLOP
ORGO
ORGO
Q1 26
30.8%
Q4 25
Q3 25
Q2 25
Q1 25
72.6%
Q4 24
75.5%
Q3 24
76.7%
Q2 24
77.6%
Operating Margin
NLOP
NLOP
ORGO
ORGO
Q1 26
-185.1%
Q4 25
-0.2%
28.1%
Q3 25
-215.2%
13.7%
Q2 25
-279.1%
-12.5%
Q1 25
2.0%
-30.9%
Q4 24
-140.7%
8.1%
Q3 24
-126.4%
5.4%
Q2 24
32.3%
-10.7%
Net Margin
NLOP
NLOP
ORGO
ORGO
Q1 26
Q4 25
-0.2%
19.4%
Q3 25
-215.4%
14.3%
Q2 25
-279.5%
-9.3%
Q1 25
1.7%
-21.7%
Q4 24
-129.0%
6.1%
Q3 24
-128.0%
10.7%
Q2 24
31.9%
-13.1%
EPS (diluted)
NLOP
NLOP
ORGO
ORGO
Q1 26
Q4 25
$-0.01
$0.31
Q3 25
$-4.33
$0.11
Q2 25
$-5.50
$-0.10
Q1 25
$0.03
$-0.17
Q4 24
$-2.41
$0.05
Q3 24
$-2.73
$0.09
Q2 24
$0.84
$-0.13

Balance Sheet & Financial Strength

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

Metric
NLOP
NLOP
ORGO
ORGO
Cash + ST InvestmentsLiquidity on hand
$119.6M
$91.4M
Total DebtLower is stronger
$21.9M
Stockholders' EquityBook value
$293.9M
Total Assets
$453.4M
$520.0M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NLOP
NLOP
ORGO
ORGO
Q1 26
$91.4M
Q4 25
$119.6M
$93.7M
Q3 25
$38.7M
$63.7M
Q2 25
$54.1M
$73.1M
Q1 25
$28.2M
$110.0M
Q4 24
$25.1M
$135.6M
Q3 24
$36.1M
$94.3M
Q2 24
$36.1M
$89.9M
Total Debt
NLOP
NLOP
ORGO
ORGO
Q1 26
Q4 25
$21.9M
Q3 25
$47.1M
Q2 25
$117.2M
Q1 25
$148.5M
Q4 24
$169.2M
Q3 24
$239.4M
$62.3M
Q2 24
$327.4M
$63.8M
Stockholders' Equity
NLOP
NLOP
ORGO
ORGO
Q1 26
Q4 25
$293.9M
$300.1M
Q3 25
$430.3M
$255.1M
Q2 25
$500.0M
$233.2M
Q1 25
$582.1M
$242.9M
Q4 24
$581.2M
$262.9M
Q3 24
$621.9M
$278.5M
Q2 24
$660.3M
$263.5M
Total Assets
NLOP
NLOP
ORGO
ORGO
Q1 26
$520.0M
Q4 25
$453.4M
$598.7M
Q3 25
$522.6M
$509.8M
Q2 25
$668.7M
$461.1M
Q1 25
$784.1M
$467.4M
Q4 24
$805.1M
$497.9M
Q3 24
$919.9M
$446.3M
Q2 24
$1.0B
$443.2M
Debt / Equity
NLOP
NLOP
ORGO
ORGO
Q1 26
Q4 25
0.07×
Q3 25
0.11×
Q2 25
0.23×
Q1 25
0.26×
Q4 24
0.29×
Q3 24
0.38×
0.22×
Q2 24
0.50×
0.24×

Cash Flow & Capital Efficiency

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

Metric
NLOP
NLOP
ORGO
ORGO
Operating Cash FlowLast quarter
$64.1M
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
NLOP
NLOP
ORGO
ORGO
Q1 26
Q4 25
$64.1M
$39.4M
Q3 25
$16.3M
$3.1M
Q2 25
$11.7M
$-32.9M
Q1 25
$14.1M
$-19.9M
Q4 24
$71.9M
$10.9M
Q3 24
$20.3M
$8.7M
Q2 24
$14.7M
$4.7M
Free Cash Flow
NLOP
NLOP
ORGO
ORGO
Q1 26
Q4 25
$34.8M
Q3 25
$844.0K
Q2 25
$-36.5M
Q1 25
$-23.6M
Q4 24
$7.6M
Q3 24
$6.1M
Q2 24
$2.9M
FCF Margin
NLOP
NLOP
ORGO
ORGO
Q1 26
Q4 25
15.4%
Q3 25
0.6%
Q2 25
-36.1%
Q1 25
-27.2%
Q4 24
6.0%
Q3 24
5.3%
Q2 24
2.2%
Capex Intensity
NLOP
NLOP
ORGO
ORGO
Q1 26
Q4 25
2.1%
Q3 25
1.5%
Q2 25
3.6%
Q1 25
4.2%
Q4 24
2.7%
Q3 24
2.2%
Q2 24
1.4%
Cash Conversion
NLOP
NLOP
ORGO
ORGO
Q1 26
Q4 25
0.90×
Q3 25
0.14×
Q2 25
Q1 25
28.70×
Q4 24
1.43×
Q3 24
0.71×
Q2 24
1.18×

Financial Flow Comparison

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

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