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Side-by-side financial comparison of Net Lease Office Properties (NLOP) and STAAR SURGICAL CO (STAA). Click either name above to swap in a different company.

STAAR SURGICAL CO 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 -69.9%, a 69.8% gap on every dollar of revenue. On growth, Net Lease Office Properties posted the faster year-over-year revenue change (10.9% vs -35.8%). Over the past eight quarters, Net Lease Office Properties's revenue compounded faster (-16.4% CAGR vs -18.4%).

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.

STAAR Surgical Co is a global ophthalmic medical device firm. It designs, makes and sells implantable collamer lenses (ICLs) for minimally invasive vision correction, plus supporting surgical products for ophthalmologists across North America, Europe, Asia Pacific and other key regional markets.

NLOP vs STAA — Head-to-Head

Bigger by revenue
STAA
STAA
1.6× larger
STAA
$49.0M
$30.7M
NLOP
Growing faster (revenue YoY)
NLOP
NLOP
+46.7% gap
NLOP
10.9%
-35.8%
STAA
Higher net margin
NLOP
NLOP
69.8% more per $
NLOP
-0.2%
-69.9%
STAA
Faster 2-yr revenue CAGR
NLOP
NLOP
Annualised
NLOP
-16.4%
-18.4%
STAA

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
NLOP
NLOP
STAA
STAA
Revenue
$30.7M
$49.0M
Net Profit
$-53.0K
$-34.2M
Gross Margin
64.7%
Operating Margin
-0.2%
-57.0%
Net Margin
-0.2%
-69.9%
Revenue YoY
10.9%
-35.8%
Net Profit YoY
99.9%
-541.3%
EPS (diluted)
$-0.01
$-0.69

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
STAA
STAA
Q4 25
$30.7M
Q3 25
$29.8M
Q2 25
$29.2M
Q1 25
$29.2M
Q4 24
$27.7M
$49.0M
Q3 24
$31.5M
$88.6M
Q2 24
$39.0M
$99.0M
Q1 24
$44.0M
$77.4M
Net Profit
NLOP
NLOP
STAA
STAA
Q4 25
$-53.0K
Q3 25
$-64.2M
Q2 25
$-81.5M
Q1 25
$492.0K
Q4 24
$-35.8M
$-34.2M
Q3 24
$-40.3M
$10.0M
Q2 24
$12.5M
$7.4M
Q1 24
$-27.8M
$-3.3M
Gross Margin
NLOP
NLOP
STAA
STAA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
64.7%
Q3 24
77.3%
Q2 24
79.2%
Q1 24
78.9%
Operating Margin
NLOP
NLOP
STAA
STAA
Q4 25
-0.2%
Q3 25
-215.2%
Q2 25
-279.1%
Q1 25
2.0%
Q4 24
-140.7%
-57.0%
Q3 24
-126.4%
6.4%
Q2 24
32.3%
12.0%
Q1 24
-62.7%
-2.9%
Net Margin
NLOP
NLOP
STAA
STAA
Q4 25
-0.2%
Q3 25
-215.4%
Q2 25
-279.5%
Q1 25
1.7%
Q4 24
-129.0%
-69.9%
Q3 24
-128.0%
11.3%
Q2 24
31.9%
7.5%
Q1 24
-63.3%
-4.3%
EPS (diluted)
NLOP
NLOP
STAA
STAA
Q4 25
$-0.01
Q3 25
$-4.33
Q2 25
$-5.50
Q1 25
$0.03
Q4 24
$-2.41
$-0.69
Q3 24
$-2.73
$0.20
Q2 24
$0.84
$0.15
Q1 24
$-1.88
$-0.07

Balance Sheet & Financial Strength

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

Metric
NLOP
NLOP
STAA
STAA
Cash + ST InvestmentsLiquidity on hand
$119.6M
$230.5M
Total DebtLower is stronger
$21.9M
Stockholders' EquityBook value
$293.9M
$397.3M
Total Assets
$453.4M
$509.5M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NLOP
NLOP
STAA
STAA
Q4 25
$119.6M
Q3 25
$38.7M
Q2 25
$54.1M
Q1 25
$28.2M
Q4 24
$25.1M
$230.5M
Q3 24
$36.1M
$236.0M
Q2 24
$36.1M
$235.2M
Q1 24
$39.8M
$245.1M
Total Debt
NLOP
NLOP
STAA
STAA
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
STAA
STAA
Q4 25
$293.9M
Q3 25
$430.3M
Q2 25
$500.0M
Q1 25
$582.1M
Q4 24
$581.2M
$397.3M
Q3 24
$621.9M
$428.1M
Q2 24
$660.3M
$409.1M
Q1 24
$647.2M
$392.8M
Total Assets
NLOP
NLOP
STAA
STAA
Q4 25
$453.4M
Q3 25
$522.6M
Q2 25
$668.7M
Q1 25
$784.1M
Q4 24
$805.1M
$509.5M
Q3 24
$919.9M
$537.6M
Q2 24
$1.0B
$512.7M
Q1 24
$1.2B
$492.5M
Debt / Equity
NLOP
NLOP
STAA
STAA
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
STAA
STAA
Operating Cash FlowLast quarter
$64.1M
$642.0K
Free Cash FlowOCF − Capex
$-5.1M
FCF MarginFCF / Revenue
-10.4%
Capex IntensityCapex / Revenue
11.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-7.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NLOP
NLOP
STAA
STAA
Q4 25
$64.1M
Q3 25
$16.3M
Q2 25
$11.7M
Q1 25
$14.1M
Q4 24
$71.9M
$642.0K
Q3 24
$20.3M
$3.8M
Q2 24
$14.7M
$-10.4M
Q1 24
$26.4M
$21.7M
Free Cash Flow
NLOP
NLOP
STAA
STAA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-5.1M
Q3 24
$-2.4M
Q2 24
$-16.6M
Q1 24
$16.5M
FCF Margin
NLOP
NLOP
STAA
STAA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-10.4%
Q3 24
-2.7%
Q2 24
-16.8%
Q1 24
21.3%
Capex Intensity
NLOP
NLOP
STAA
STAA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
11.7%
Q3 24
7.0%
Q2 24
6.3%
Q1 24
6.7%
Cash Conversion
NLOP
NLOP
STAA
STAA
Q4 25
Q3 25
Q2 25
Q1 25
28.70×
Q4 24
Q3 24
0.38×
Q2 24
1.18×
-1.41×
Q1 24

Financial Flow Comparison

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

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