vs
Side-by-side financial comparison of Net Lease Office Properties (NLOP) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.
Quipt Home Medical Corp. is the larger business by last-quarter revenue ($49.0M vs $30.7M, roughly 1.6× Net Lease Office Properties). Net Lease Office Properties runs the higher net margin — -0.2% vs -2.1%, a 2.0% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs 10.9%).
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.
Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.
NLOP vs QIPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $30.7M | $49.0M |
| Net Profit | $-53.0K | $-1.1M |
| Gross Margin | — | 53.5% |
| Operating Margin | -0.2% | 2.1% |
| Net Margin | -0.2% | -2.1% |
| Revenue YoY | 10.9% | 32.3% |
| Net Profit YoY | 99.9% | 2.9% |
| EPS (diluted) | $-0.01 | $-0.02 |
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.
| Q4 25 | $30.7M | $49.0M | ||
| Q3 25 | $29.8M | $39.8M | ||
| Q2 25 | $29.2M | $35.1M | ||
| Q1 25 | $29.2M | $33.3M | ||
| Q4 24 | $27.7M | $37.1M | ||
| Q3 24 | $31.5M | — | ||
| Q2 24 | $39.0M | — | ||
| Q1 24 | $44.0M | — |
| Q4 25 | $-53.0K | $-1.1M | ||
| Q3 25 | $-64.2M | $-3.5M | ||
| Q2 25 | $-81.5M | $-3.0M | ||
| Q1 25 | $492.0K | $-3.0M | ||
| Q4 24 | $-35.8M | $-1.1M | ||
| Q3 24 | $-40.3M | — | ||
| Q2 24 | $12.5M | — | ||
| Q1 24 | $-27.8M | — |
| Q4 25 | — | 53.5% | ||
| Q3 25 | — | 48.7% | ||
| Q2 25 | — | 57.6% | ||
| Q1 25 | — | 54.6% | ||
| Q4 24 | — | 52.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -0.2% | 2.1% | ||
| Q3 25 | -215.2% | -3.6% | ||
| Q2 25 | -279.1% | -5.2% | ||
| Q1 25 | 2.0% | -3.0% | ||
| Q4 24 | -140.7% | 1.2% | ||
| Q3 24 | -126.4% | — | ||
| Q2 24 | 32.3% | — | ||
| Q1 24 | -62.7% | — |
| Q4 25 | -0.2% | -2.1% | ||
| Q3 25 | -215.4% | -8.9% | ||
| Q2 25 | -279.5% | -8.6% | ||
| Q1 25 | 1.7% | -9.1% | ||
| Q4 24 | -129.0% | -2.9% | ||
| Q3 24 | -128.0% | — | ||
| Q2 24 | 31.9% | — | ||
| Q1 24 | -63.3% | — |
| Q4 25 | $-0.01 | $-0.02 | ||
| Q3 25 | $-4.33 | $-0.07 | ||
| Q2 25 | $-5.50 | $-0.07 | ||
| Q1 25 | $0.03 | $-0.07 | ||
| Q4 24 | $-2.41 | $-0.03 | ||
| Q3 24 | $-2.73 | — | ||
| Q2 24 | $0.84 | — | ||
| Q1 24 | $-1.88 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $119.6M | $10.5M |
| Total DebtLower is stronger | $21.9M | $84.0M |
| Stockholders' EquityBook value | $293.9M | $113.0M |
| Total Assets | $453.4M | $280.7M |
| Debt / EquityLower = less leverage | 0.07× | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $119.6M | $10.5M | ||
| Q3 25 | $38.7M | $12.9M | ||
| Q2 25 | $54.1M | $11.3M | ||
| Q1 25 | $28.2M | $17.1M | ||
| Q4 24 | $25.1M | $15.5M | ||
| Q3 24 | $36.1M | — | ||
| Q2 24 | $36.1M | — | ||
| Q1 24 | $39.8M | — |
| Q4 25 | $21.9M | $84.0M | ||
| Q3 25 | $47.1M | $87.6M | ||
| Q2 25 | $117.2M | $66.0M | ||
| Q1 25 | $148.5M | $71.5M | ||
| Q4 24 | $169.2M | $70.6M | ||
| Q3 24 | $239.4M | — | ||
| Q2 24 | $327.4M | — | ||
| Q1 24 | $515.2M | — |
| Q4 25 | $293.9M | $113.0M | ||
| Q3 25 | $430.3M | $112.1M | ||
| Q2 25 | $500.0M | $102.5M | ||
| Q1 25 | $582.1M | $103.6M | ||
| Q4 24 | $581.2M | $106.3M | ||
| Q3 24 | $621.9M | — | ||
| Q2 24 | $660.3M | — | ||
| Q1 24 | $647.2M | — |
| Q4 25 | $453.4M | $280.7M | ||
| Q3 25 | $522.6M | $283.3M | ||
| Q2 25 | $668.7M | $236.1M | ||
| Q1 25 | $784.1M | $244.6M | ||
| Q4 24 | $805.1M | $242.8M | ||
| Q3 24 | $919.9M | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | 0.07× | 0.74× | ||
| Q3 25 | 0.11× | 0.78× | ||
| Q2 25 | 0.23× | 0.64× | ||
| Q1 25 | 0.26× | 0.69× | ||
| Q4 24 | 0.29× | 0.66× | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | 0.50× | — | ||
| Q1 24 | 0.80× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $64.1M | $8.9M |
| Free Cash FlowOCF − Capex | — | $6.9M |
| FCF MarginFCF / Revenue | — | 14.0% |
| Capex IntensityCapex / Revenue | — | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.1M | $8.9M | ||
| Q3 25 | $16.3M | $9.8M | ||
| Q2 25 | $11.7M | $9.7M | ||
| Q1 25 | $14.1M | $8.9M | ||
| Q4 24 | $71.9M | $9.3M | ||
| Q3 24 | $20.3M | — | ||
| Q2 24 | $14.7M | — | ||
| Q1 24 | $26.4M | — |
| Q4 25 | — | $6.9M | ||
| Q3 25 | — | $8.0M | ||
| Q2 25 | — | $4.4M | ||
| Q1 25 | — | $7.3M | ||
| Q4 24 | — | $5.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 14.0% | ||
| Q3 25 | — | 20.0% | ||
| Q2 25 | — | 12.6% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 4.2% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 14.9% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 28.70× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.18× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
