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Side-by-side financial comparison of Net Lease Office Properties (NLOP) and RxSight, Inc. (RXST). Click either name above to swap in a different company.
RxSight, Inc. is the larger business by last-quarter revenue ($32.6M vs $30.7M, roughly 1.1× Net Lease Office Properties). Net Lease Office Properties runs the higher net margin — -0.2% vs -28.1%, a 27.9% gap on every dollar of revenue. On growth, Net Lease Office Properties posted the faster year-over-year revenue change (10.9% vs -18.9%). Over the past eight quarters, RxSight, Inc.'s revenue compounded faster (5.1% 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.
RxSight, Inc. is a medical technology company focused on developing and commercializing innovative intraocular lens solutions for patients undergoing cataract and refractive lens exchange procedures. Its flagship Light Adjustable Lens allows post-surgery power adjustment via a dedicated light delivery device, serving global ophthalmology care markets to improve post-operative visual outcomes for patients.
NLOP vs RXST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.7M | $32.6M |
| Net Profit | $-53.0K | $-9.2M |
| Gross Margin | — | 77.5% |
| Operating Margin | -0.2% | -34.8% |
| Net Margin | -0.2% | -28.1% |
| Revenue YoY | 10.9% | -18.9% |
| Net Profit YoY | 99.9% | -54.1% |
| EPS (diluted) | $-0.01 | $-0.22 |
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 | $32.6M | ||
| Q3 25 | $29.8M | $30.3M | ||
| Q2 25 | $29.2M | $33.6M | ||
| Q1 25 | $29.2M | $37.9M | ||
| Q4 24 | $27.7M | $40.2M | ||
| Q3 24 | $31.5M | $35.3M | ||
| Q2 24 | $39.0M | $34.9M | ||
| Q1 24 | $44.0M | $29.5M |
| Q4 25 | $-53.0K | $-9.2M | ||
| Q3 25 | $-64.2M | $-9.8M | ||
| Q2 25 | $-81.5M | $-11.8M | ||
| Q1 25 | $492.0K | $-8.2M | ||
| Q4 24 | $-35.8M | $-5.9M | ||
| Q3 24 | $-40.3M | $-6.3M | ||
| Q2 24 | $12.5M | $-6.1M | ||
| Q1 24 | $-27.8M | $-9.1M |
| Q4 25 | — | 77.5% | ||
| Q3 25 | — | 79.9% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 74.8% | ||
| Q4 24 | — | 71.6% | ||
| Q3 24 | — | 71.4% | ||
| Q2 24 | — | 69.5% | ||
| Q1 24 | — | 70.1% |
| Q4 25 | -0.2% | -34.8% | ||
| Q3 25 | -215.2% | -40.1% | ||
| Q2 25 | -279.1% | -41.6% | ||
| Q1 25 | 2.0% | -28.2% | ||
| Q4 24 | -140.7% | -21.5% | ||
| Q3 24 | -126.4% | -26.1% | ||
| Q2 24 | 32.3% | -23.9% | ||
| Q1 24 | -62.7% | -36.2% |
| Q4 25 | -0.2% | -28.1% | ||
| Q3 25 | -215.4% | -32.4% | ||
| Q2 25 | -279.5% | -35.0% | ||
| Q1 25 | 1.7% | -21.6% | ||
| Q4 24 | -129.0% | -14.8% | ||
| Q3 24 | -128.0% | -17.9% | ||
| Q2 24 | 31.9% | -17.4% | ||
| Q1 24 | -63.3% | -30.8% |
| Q4 25 | $-0.01 | $-0.22 | ||
| Q3 25 | $-4.33 | $-0.24 | ||
| Q2 25 | $-5.50 | $-0.29 | ||
| Q1 25 | $0.03 | $-0.20 | ||
| Q4 24 | $-2.41 | $-0.14 | ||
| Q3 24 | $-2.73 | $-0.16 | ||
| Q2 24 | $0.84 | $-0.16 | ||
| Q1 24 | $-1.88 | $-0.25 |
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 | $228.1M |
| Total DebtLower is stronger | $21.9M | — |
| Stockholders' EquityBook value | $293.9M | $275.7M |
| Total Assets | $453.4M | $311.8M |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $119.6M | $228.1M | ||
| Q3 25 | $38.7M | $227.5M | ||
| Q2 25 | $54.1M | $227.5M | ||
| Q1 25 | $28.2M | $229.3M | ||
| Q4 24 | $25.1M | $237.2M | ||
| Q3 24 | $36.1M | $237.1M | ||
| Q2 24 | $36.1M | $233.3M | ||
| Q1 24 | $39.8M | $125.4M |
| 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 | — |
| Q4 25 | $293.9M | $275.7M | ||
| Q3 25 | $430.3M | $276.0M | ||
| Q2 25 | $500.0M | $278.0M | ||
| Q1 25 | $582.1M | $279.3M | ||
| Q4 24 | $581.2M | $281.2M | ||
| Q3 24 | $621.9M | $277.3M | ||
| Q2 24 | $660.3M | $275.2M | ||
| Q1 24 | $647.2M | $163.9M |
| Q4 25 | $453.4M | $311.8M | ||
| Q3 25 | $522.6M | $308.5M | ||
| Q2 25 | $668.7M | $309.0M | ||
| Q1 25 | $784.1M | $313.0M | ||
| Q4 24 | $805.1M | $318.6M | ||
| Q3 24 | $919.9M | $310.5M | ||
| Q2 24 | $1.0B | $305.5M | ||
| Q1 24 | $1.2B | $183.2M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $64.1M | $-1.1M |
| Free Cash FlowOCF − Capex | — | $-2.3M |
| FCF MarginFCF / Revenue | — | -6.9% |
| Capex IntensityCapex / Revenue | — | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-19.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.1M | $-1.1M | ||
| Q3 25 | $16.3M | $-1.2M | ||
| Q2 25 | $11.7M | $-4.4M | ||
| Q1 25 | $14.1M | $-8.8M | ||
| Q4 24 | $71.9M | $-4.3M | ||
| Q3 24 | $20.3M | $650.0K | ||
| Q2 24 | $14.7M | $-4.0M | ||
| Q1 24 | $26.4M | $-9.3M |
| Q4 25 | — | $-2.3M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-5.9M | ||
| Q1 25 | — | $-9.4M | ||
| Q4 24 | — | $-5.1M | ||
| Q3 24 | — | $-453.0K | ||
| Q2 24 | — | $-5.5M | ||
| Q1 24 | — | $-11.3M |
| Q4 25 | — | -6.9% | ||
| Q3 25 | — | -5.8% | ||
| Q2 25 | — | -17.6% | ||
| Q1 25 | — | -24.8% | ||
| Q4 24 | — | -12.7% | ||
| Q3 24 | — | -1.3% | ||
| Q2 24 | — | -15.9% | ||
| Q1 24 | — | -38.2% |
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 6.7% |
| 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.
Revenue Breakdown by Segment
NLOP
Segment breakdown not available.
RXST
| Rxlal | $28.2M | 86% |
| LDD | $3.0M | 9% |
| Service Warranty Service Contracts And Accessories | $1.5M | 4% |
