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Side-by-side financial comparison of Net Lease Office Properties (NLOP) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.

Net Lease Office Properties is the larger business by last-quarter revenue ($30.7M vs $22.7M, roughly 1.4× R F INDUSTRIES LTD). R F INDUSTRIES LTD runs the higher net margin — 0.8% vs -0.2%, a 0.9% gap on every dollar of revenue. On growth, R F INDUSTRIES LTD posted the faster year-over-year revenue change (22.9% vs 10.9%). Over the past eight quarters, R F INDUSTRIES LTD's revenue compounded faster (29.8% CAGR vs -16.4%).

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.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

NLOP vs RFIL — Head-to-Head

Bigger by revenue
NLOP
NLOP
1.4× larger
NLOP
$30.7M
$22.7M
RFIL
Growing faster (revenue YoY)
RFIL
RFIL
+12.1% gap
RFIL
22.9%
10.9%
NLOP
Higher net margin
RFIL
RFIL
0.9% more per $
RFIL
0.8%
-0.2%
NLOP
Faster 2-yr revenue CAGR
RFIL
RFIL
Annualised
RFIL
29.8%
-16.4%
NLOP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NLOP
NLOP
RFIL
RFIL
Revenue
$30.7M
$22.7M
Net Profit
$-53.0K
$173.0K
Gross Margin
36.8%
Operating Margin
-0.2%
4.0%
Net Margin
-0.2%
0.8%
Revenue YoY
10.9%
22.9%
Net Profit YoY
99.9%
172.7%
EPS (diluted)
$-0.01
$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
RFIL
RFIL
Q4 25
$30.7M
$22.7M
Q3 25
$29.8M
$19.8M
Q2 25
$29.2M
$18.9M
Q1 25
$29.2M
$19.2M
Q4 24
$27.7M
$18.5M
Q3 24
$31.5M
$16.8M
Q2 24
$39.0M
$16.1M
Q1 24
$44.0M
$13.5M
Net Profit
NLOP
NLOP
RFIL
RFIL
Q4 25
$-53.0K
$173.0K
Q3 25
$-64.2M
$392.0K
Q2 25
$-81.5M
$-245.0K
Q1 25
$492.0K
$-245.0K
Q4 24
$-35.8M
$-238.0K
Q3 24
$-40.3M
$-705.0K
Q2 24
$12.5M
$-4.3M
Q1 24
$-27.8M
$-1.4M
Gross Margin
NLOP
NLOP
RFIL
RFIL
Q4 25
36.8%
Q3 25
34.0%
Q2 25
31.5%
Q1 25
29.8%
Q4 24
31.3%
Q3 24
29.5%
Q2 24
29.9%
Q1 24
24.5%
Operating Margin
NLOP
NLOP
RFIL
RFIL
Q4 25
-0.2%
4.0%
Q3 25
-215.2%
3.6%
Q2 25
-279.1%
0.6%
Q1 25
2.0%
0.3%
Q4 24
-140.7%
0.5%
Q3 24
-126.4%
-2.5%
Q2 24
32.3%
-2.6%
Q1 24
-62.7%
-15.5%
Net Margin
NLOP
NLOP
RFIL
RFIL
Q4 25
-0.2%
0.8%
Q3 25
-215.4%
2.0%
Q2 25
-279.5%
-1.3%
Q1 25
1.7%
-1.3%
Q4 24
-129.0%
-1.3%
Q3 24
-128.0%
-4.2%
Q2 24
31.9%
-26.7%
Q1 24
-63.3%
-10.1%
EPS (diluted)
NLOP
NLOP
RFIL
RFIL
Q4 25
$-0.01
$0.01
Q3 25
$-4.33
$0.04
Q2 25
$-5.50
$-0.02
Q1 25
$0.03
$-0.02
Q4 24
$-2.41
$-0.02
Q3 24
$-2.73
$-0.07
Q2 24
$0.84
$-0.41
Q1 24
$-1.88
$-0.13

Balance Sheet & Financial Strength

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

Metric
NLOP
NLOP
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$119.6M
$5.1M
Total DebtLower is stronger
$21.9M
Stockholders' EquityBook value
$293.9M
$35.2M
Total Assets
$453.4M
$73.0M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NLOP
NLOP
RFIL
RFIL
Q4 25
$119.6M
$5.1M
Q3 25
$38.7M
$3.0M
Q2 25
$54.1M
$3.6M
Q1 25
$28.2M
$1.3M
Q4 24
$25.1M
$839.0K
Q3 24
$36.1M
$1.8M
Q2 24
$36.1M
$1.4M
Q1 24
$39.8M
$4.5M
Total Debt
NLOP
NLOP
RFIL
RFIL
Q4 25
$21.9M
Q3 25
$47.1M
Q2 25
$117.2M
Q1 25
$148.5M
Q4 24
$169.2M
Q3 24
$239.4M
Q2 24
$327.4M
Q1 24
$515.2M
Stockholders' Equity
NLOP
NLOP
RFIL
RFIL
Q4 25
$293.9M
$35.2M
Q3 25
$430.3M
$34.8M
Q2 25
$500.0M
$34.2M
Q1 25
$582.1M
$34.2M
Q4 24
$581.2M
$34.1M
Q3 24
$621.9M
$34.1M
Q2 24
$660.3M
$34.6M
Q1 24
$647.2M
$38.7M
Total Assets
NLOP
NLOP
RFIL
RFIL
Q4 25
$453.4M
$73.0M
Q3 25
$522.6M
$73.2M
Q2 25
$668.7M
$72.7M
Q1 25
$784.1M
$70.4M
Q4 24
$805.1M
$71.0M
Q3 24
$919.9M
$71.9M
Q2 24
$1.0B
$72.8M
Q1 24
$1.2B
$79.1M
Debt / Equity
NLOP
NLOP
RFIL
RFIL
Q4 25
0.07×
Q3 25
0.11×
Q2 25
0.23×
Q1 25
0.26×
Q4 24
0.29×
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
NLOP
NLOP
RFIL
RFIL
Operating Cash FlowLast quarter
$64.1M
$2.1M
Free Cash FlowOCF − Capex
$2.0M
FCF MarginFCF / Revenue
9.0%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
12.13×
TTM Free Cash FlowTrailing 4 quarters
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NLOP
NLOP
RFIL
RFIL
Q4 25
$64.1M
$2.1M
Q3 25
$16.3M
$-311.0K
Q2 25
$11.7M
$2.2M
Q1 25
$14.1M
$601.0K
Q4 24
$71.9M
$-244.0K
Q3 24
$20.3M
$2.4M
Q2 24
$14.7M
$197.0K
Q1 24
$26.4M
$840.0K
Free Cash Flow
NLOP
NLOP
RFIL
RFIL
Q4 25
$2.0M
Q3 25
$-419.0K
Q2 25
$2.2M
Q1 25
$574.0K
Q4 24
$-418.0K
Q3 24
$2.1M
Q2 24
$28.0K
Q1 24
$697.0K
FCF Margin
NLOP
NLOP
RFIL
RFIL
Q4 25
9.0%
Q3 25
-2.1%
Q2 25
11.4%
Q1 25
3.0%
Q4 24
-2.3%
Q3 24
12.6%
Q2 24
0.2%
Q1 24
5.2%
Capex Intensity
NLOP
NLOP
RFIL
RFIL
Q4 25
0.3%
Q3 25
0.5%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.9%
Q3 24
1.5%
Q2 24
1.0%
Q1 24
1.1%
Cash Conversion
NLOP
NLOP
RFIL
RFIL
Q4 25
12.13×
Q3 25
-0.79×
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.

Revenue Breakdown by Segment

NLOP
NLOP

Segment breakdown not available.

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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