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Side-by-side financial comparison of Net Lease Office Properties (NLOP) and SYPRIS SOLUTIONS INC (SYPR). 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 $30.3M, roughly 1.0× SYPRIS SOLUTIONS INC). Net Lease Office Properties runs the higher net margin — -0.2% vs -12.9%, a 12.7% gap on every dollar of revenue. On growth, Net Lease Office Properties posted the faster year-over-year revenue change (10.9% vs -9.5%). Over the past eight quarters, SYPRIS SOLUTIONS INC's revenue compounded faster (-7.7% 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.
Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.
NLOP vs SYPR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.7M | $30.3M |
| Net Profit | $-53.0K | $-3.9M |
| Gross Margin | — | 4.6% |
| Operating Margin | -0.2% | -10.9% |
| Net Margin | -0.2% | -12.9% |
| Revenue YoY | 10.9% | -9.5% |
| Net Profit YoY | 99.9% | -2992.6% |
| EPS (diluted) | $-0.01 | $-0.17 |
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 | $30.3M | ||
| Q3 25 | $29.8M | $28.7M | ||
| Q2 25 | $29.2M | $31.4M | ||
| Q1 25 | $29.2M | $29.5M | ||
| Q4 24 | $27.7M | $33.4M | ||
| Q3 24 | $31.5M | $35.7M | ||
| Q2 24 | $39.0M | $35.5M | ||
| Q1 24 | $44.0M | $35.6M |
| Q4 25 | $-53.0K | $-3.9M | ||
| Q3 25 | $-64.2M | $517.0K | ||
| Q2 25 | $-81.5M | $-2.1M | ||
| Q1 25 | $492.0K | $-899.0K | ||
| Q4 24 | $-35.8M | $135.0K | ||
| Q3 24 | $-40.3M | $390.0K | ||
| Q2 24 | $12.5M | $16.0K | ||
| Q1 24 | $-27.8M | $-2.2M |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | — | 16.1% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 15.9% | ||
| Q1 24 | — | 8.1% |
| Q4 25 | -0.2% | -10.9% | ||
| Q3 25 | -215.2% | -6.1% | ||
| Q2 25 | -279.1% | -4.6% | ||
| Q1 25 | 2.0% | -0.4% | ||
| Q4 24 | -140.7% | 3.9% | ||
| Q3 24 | -126.4% | 4.8% | ||
| Q2 24 | 32.3% | 3.6% | ||
| Q1 24 | -62.7% | -3.9% |
| Q4 25 | -0.2% | -12.9% | ||
| Q3 25 | -215.4% | 1.8% | ||
| Q2 25 | -279.5% | -6.5% | ||
| Q1 25 | 1.7% | -3.0% | ||
| Q4 24 | -129.0% | 0.4% | ||
| Q3 24 | -128.0% | 1.1% | ||
| Q2 24 | 31.9% | 0.0% | ||
| Q1 24 | -63.3% | -6.2% |
| Q4 25 | $-0.01 | $-0.17 | ||
| Q3 25 | $-4.33 | $0.02 | ||
| Q2 25 | $-5.50 | $-0.09 | ||
| Q1 25 | $0.03 | $-0.04 | ||
| Q4 24 | $-2.41 | $0.00 | ||
| Q3 24 | $-2.73 | $0.02 | ||
| Q2 24 | $0.84 | $0.00 | ||
| Q1 24 | $-1.88 | $-0.10 |
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 | — |
| Total DebtLower is stronger | $21.9M | — |
| Stockholders' EquityBook value | $293.9M | $17.8M |
| Total Assets | $453.4M | $107.8M |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $119.6M | — | ||
| Q3 25 | $38.7M | — | ||
| Q2 25 | $54.1M | — | ||
| Q1 25 | $28.2M | — | ||
| Q4 24 | $25.1M | — | ||
| Q3 24 | $36.1M | — | ||
| Q2 24 | $36.1M | — | ||
| Q1 24 | $39.8M | — |
| 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 | $17.8M | ||
| Q3 25 | $430.3M | $20.0M | ||
| Q2 25 | $500.0M | $18.7M | ||
| Q1 25 | $582.1M | $19.0M | ||
| Q4 24 | $581.2M | $19.6M | ||
| Q3 24 | $621.9M | $18.2M | ||
| Q2 24 | $660.3M | $19.0M | ||
| Q1 24 | $647.2M | $20.8M |
| Q4 25 | $453.4M | $107.8M | ||
| Q3 25 | $522.6M | $112.5M | ||
| Q2 25 | $668.7M | $105.8M | ||
| Q1 25 | $784.1M | $110.2M | ||
| Q4 24 | $805.1M | $119.4M | ||
| Q3 24 | $919.9M | $121.6M | ||
| Q2 24 | $1.0B | $124.2M | ||
| Q1 24 | $1.2B | $129.0M |
| 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 | — | $-1.5M |
| FCF MarginFCF / Revenue | — | -5.0% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-6.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.1M | $-1.1M | ||
| Q3 25 | $16.3M | $-178.0K | ||
| Q2 25 | $11.7M | $1.1M | ||
| Q1 25 | $14.1M | $-5.5M | ||
| Q4 24 | $71.9M | $2.3M | ||
| Q3 24 | $20.3M | $-4.8M | ||
| Q2 24 | $14.7M | $6.2M | ||
| Q1 24 | $26.4M | $-1.7M |
| Q4 25 | — | $-1.5M | ||
| Q3 25 | — | $-390.0K | ||
| Q2 25 | — | $941.0K | ||
| Q1 25 | — | $-5.5M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | — | $-4.9M | ||
| Q2 24 | — | $6.0M | ||
| Q1 24 | — | $-2.0M |
| Q4 25 | — | -5.0% | ||
| Q3 25 | — | -1.4% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | -18.8% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | — | -13.8% | ||
| Q2 24 | — | 16.8% | ||
| Q1 24 | — | -5.7% |
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | 28.70× | — | ||
| Q4 24 | — | 17.13× | ||
| Q3 24 | — | -12.21× | ||
| Q2 24 | 1.18× | 385.25× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NLOP
Segment breakdown not available.
SYPR
| Sypris Electronics | $17.7M | 59% |
| Transferred At Point In Time | $12.5M | 41% |
