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Side-by-side financial comparison of Net Lease Office Properties (NLOP) and Snail, Inc. (SNAL). 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 $25.1M, roughly 1.2× Snail, Inc.). Net Lease Office Properties runs the higher net margin — -0.2% vs -3.4%, a 3.3% gap on every dollar of revenue. On growth, Net Lease Office Properties posted the faster year-over-year revenue change (10.9% vs -4.2%). Over the past eight quarters, Snail, Inc.'s revenue compounded faster (33.4% 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.

Suzhou Snail Digital Technology Co., Ltd., doing business as Snail, is a Chinese video game company and a Virtual Network Operator headquartered in Suzhou, China, which has branches Snail Games and Snail Mobile. Its division, Snail USA, markets Snail Games products in North America, South America, & Europe. Snail Games products include massively multiplayer online (MMOs), real-time strategy (RTS), and casual games. Its global registered user base has reached over 70 million accounts. The U.S....

NLOP vs SNAL — Head-to-Head

Bigger by revenue
NLOP
NLOP
1.2× larger
NLOP
$30.7M
$25.1M
SNAL
Growing faster (revenue YoY)
NLOP
NLOP
+15.1% gap
NLOP
10.9%
-4.2%
SNAL
Higher net margin
NLOP
NLOP
3.3% more per $
NLOP
-0.2%
-3.4%
SNAL
Faster 2-yr revenue CAGR
SNAL
SNAL
Annualised
SNAL
33.4%
-16.4%
NLOP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NLOP
NLOP
SNAL
SNAL
Revenue
$30.7M
$25.1M
Net Profit
$-53.0K
$-862.2K
Gross Margin
38.3%
Operating Margin
-0.2%
-6.0%
Net Margin
-0.2%
-3.4%
Revenue YoY
10.9%
-4.2%
Net Profit YoY
99.9%
-177.0%
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
SNAL
SNAL
Q4 25
$30.7M
$25.1M
Q3 25
$29.8M
$13.8M
Q2 25
$29.2M
$22.2M
Q1 25
$29.2M
$20.1M
Q4 24
$27.7M
$26.2M
Q3 24
$31.5M
$22.5M
Q2 24
$39.0M
$21.6M
Q1 24
$44.0M
$14.1M
Net Profit
NLOP
NLOP
SNAL
SNAL
Q4 25
$-53.0K
$-862.2K
Q3 25
$-64.2M
$-7.9M
Q2 25
$-81.5M
$-16.6M
Q1 25
$492.0K
$-1.9M
Q4 24
$-35.8M
$1.1M
Q3 24
$-40.3M
$235.1K
Q2 24
$12.5M
$2.3M
Q1 24
$-27.8M
$-1.8M
Gross Margin
NLOP
NLOP
SNAL
SNAL
Q4 25
38.3%
Q3 25
0.1%
Q2 25
31.3%
Q1 25
29.1%
Q4 24
43.3%
Q3 24
38.6%
Q2 24
37.5%
Q1 24
14.7%
Operating Margin
NLOP
NLOP
SNAL
SNAL
Q4 25
-0.2%
-6.0%
Q3 25
-215.2%
-71.3%
Q2 25
-279.1%
-8.2%
Q1 25
2.0%
-20.4%
Q4 24
-140.7%
11.5%
Q3 24
-126.4%
1.8%
Q2 24
32.3%
12.4%
Q1 24
-62.7%
-15.6%
Net Margin
NLOP
NLOP
SNAL
SNAL
Q4 25
-0.2%
-3.4%
Q3 25
-215.4%
-56.9%
Q2 25
-279.5%
-74.7%
Q1 25
1.7%
-9.7%
Q4 24
-129.0%
4.3%
Q3 24
-128.0%
1.0%
Q2 24
31.9%
10.4%
Q1 24
-63.3%
-12.6%
EPS (diluted)
NLOP
NLOP
SNAL
SNAL
Q4 25
$-0.01
Q3 25
$-4.33
Q2 25
$-5.50
$-0.44
Q1 25
$0.03
$-0.06
Q4 24
$-2.41
$0.03
Q3 24
$-2.73
$0.01
Q2 24
$0.84
$0.06
Q1 24
$-1.88
$-0.05

Balance Sheet & Financial Strength

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

Metric
NLOP
NLOP
SNAL
SNAL
Cash + ST InvestmentsLiquidity on hand
$119.6M
$8.6M
Total DebtLower is stronger
$21.9M
$14.6M
Stockholders' EquityBook value
$293.9M
$-16.4M
Total Assets
$453.4M
$59.3M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NLOP
NLOP
SNAL
SNAL
Q4 25
$119.6M
$8.6M
Q3 25
$38.7M
$12.3M
Q2 25
$54.1M
$7.9M
Q1 25
$28.2M
$9.4M
Q4 24
$25.1M
$7.3M
Q3 24
$36.1M
$10.6M
Q2 24
$36.1M
$15.5M
Q1 24
$39.8M
$16.1M
Total Debt
NLOP
NLOP
SNAL
SNAL
Q4 25
$21.9M
$14.6M
Q3 25
$47.1M
$10.5M
Q2 25
$117.2M
$11.8M
Q1 25
$148.5M
$9.0M
Q4 24
$169.2M
$5.7M
Q3 24
$239.4M
$5.7M
Q2 24
$327.4M
$5.8M
Q1 24
$515.2M
$6.5M
Stockholders' Equity
NLOP
NLOP
SNAL
SNAL
Q4 25
$293.9M
$-16.4M
Q3 25
$430.3M
$-15.6M
Q2 25
$500.0M
$-8.0M
Q1 25
$582.1M
$9.1M
Q4 24
$581.2M
$9.7M
Q3 24
$621.9M
$8.2M
Q2 24
$660.3M
$7.9M
Q1 24
$647.2M
$5.6M
Total Assets
NLOP
NLOP
SNAL
SNAL
Q4 25
$453.4M
$59.3M
Q3 25
$522.6M
$51.1M
Q2 25
$668.7M
$58.0M
Q1 25
$784.1M
$64.5M
Q4 24
$805.1M
$62.2M
Q3 24
$919.9M
$66.8M
Q2 24
$1.0B
$75.4M
Q1 24
$1.2B
$78.3M
Debt / Equity
NLOP
NLOP
SNAL
SNAL
Q4 25
0.07×
Q3 25
0.11×
Q2 25
0.23×
Q1 25
0.26×
0.99×
Q4 24
0.29×
0.59×
Q3 24
0.38×
0.70×
Q2 24
0.50×
0.73×
Q1 24
0.80×
1.16×

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
SNAL
SNAL
Operating Cash FlowLast quarter
$64.1M
$-5.3M
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
SNAL
SNAL
Q4 25
$64.1M
$-5.3M
Q3 25
$16.3M
$6.6M
Q2 25
$11.7M
$-3.2M
Q1 25
$14.1M
$764.5K
Q4 24
$71.9M
$-3.6M
Q3 24
$20.3M
$-5.0M
Q2 24
$14.7M
$206.6K
Q1 24
$26.4M
$6.8M
Cash Conversion
NLOP
NLOP
SNAL
SNAL
Q4 25
Q3 25
Q2 25
Q1 25
28.70×
Q4 24
-3.21×
Q3 24
-21.05×
Q2 24
1.18×
0.09×
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.

SNAL
SNAL

Pc$14.7M59%
Platform Three$5.2M21%
Platform Two$3.3M13%
Sales Channel Directly To Consumer Mobile Sale$1.6M6%

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