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Side-by-side financial comparison of Net Lease Office Properties (NLOP) and Valens Semiconductor Ltd. (VLN). 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 $17.3M, roughly 1.8× Valens Semiconductor Ltd.). Net Lease Office Properties runs the higher net margin — -0.2% vs -42.2%, a 42.1% gap on every dollar of revenue. On growth, Net Lease Office Properties posted the faster year-over-year revenue change (10.9% vs 8.1%).
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.
Valens Semiconductor (Valens) is an Israeli fabless manufacturing company providing semiconductors for the automotive and audio-video industries. Valens provides semiconductor products for the distribution of uncompressed ultra-high-definition (UHD) multimedia content and in-vehicle connectivity applications. The company is a member of the MIPI Alliance and developed the first-to-market chipset that is compliant with the MIPI A-PHY standard. Valens invented the technology behind the HDBaseT s...
NLOP vs VLN — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $30.7M | $17.3M |
| Net Profit | $-53.0K | $-7.3M |
| Gross Margin | — | 63.0% |
| Operating Margin | -0.2% | -46.4% |
| Net Margin | -0.2% | -42.2% |
| Revenue YoY | 10.9% | 8.1% |
| Net Profit YoY | 99.9% | 29.3% |
| EPS (diluted) | $-0.01 | $-0.07 |
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 | — | ||
| Q3 25 | $29.8M | $17.3M | ||
| Q2 25 | $29.2M | $17.1M | ||
| Q1 25 | $29.2M | $16.8M | ||
| Q4 24 | $27.7M | — | ||
| Q3 24 | $31.5M | $16.0M | ||
| Q2 24 | $39.0M | $13.6M | ||
| Q1 24 | $44.0M | — |
| Q4 25 | $-53.0K | — | ||
| Q3 25 | $-64.2M | $-7.3M | ||
| Q2 25 | $-81.5M | $-7.2M | ||
| Q1 25 | $492.0K | $-8.3M | ||
| Q4 24 | $-35.8M | — | ||
| Q3 24 | $-40.3M | $-10.4M | ||
| Q2 24 | $12.5M | $-8.9M | ||
| Q1 24 | $-27.8M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 63.0% | ||
| Q2 25 | — | 63.5% | ||
| Q1 25 | — | 62.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 56.4% | ||
| Q2 24 | — | 61.4% | ||
| Q1 24 | — | — |
| Q4 25 | -0.2% | — | ||
| Q3 25 | -215.2% | -46.4% | ||
| Q2 25 | -279.1% | -43.3% | ||
| Q1 25 | 2.0% | -56.2% | ||
| Q4 24 | -140.7% | — | ||
| Q3 24 | -126.4% | -76.3% | ||
| Q2 24 | 32.3% | -69.2% | ||
| Q1 24 | -62.7% | — |
| Q4 25 | -0.2% | — | ||
| Q3 25 | -215.4% | -42.2% | ||
| Q2 25 | -279.5% | -42.1% | ||
| Q1 25 | 1.7% | -49.4% | ||
| Q4 24 | -129.0% | — | ||
| Q3 24 | -128.0% | -64.6% | ||
| Q2 24 | 31.9% | -65.2% | ||
| Q1 24 | -63.3% | — |
| Q4 25 | $-0.01 | — | ||
| Q3 25 | $-4.33 | $-0.07 | ||
| Q2 25 | $-5.50 | $-0.07 | ||
| Q1 25 | $0.03 | $-0.08 | ||
| Q4 24 | $-2.41 | — | ||
| Q3 24 | $-2.73 | $-0.10 | ||
| Q2 24 | $0.84 | $-0.08 | ||
| Q1 24 | $-1.88 | — |
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 | $93.5M |
| Total DebtLower is stronger | $21.9M | — |
| Stockholders' EquityBook value | $293.9M | $108.8M |
| Total Assets | $453.4M | $136.7M |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $119.6M | — | ||
| Q3 25 | $38.7M | $93.5M | ||
| Q2 25 | $54.1M | $102.7M | ||
| Q1 25 | $28.2M | $112.5M | ||
| Q4 24 | $25.1M | — | ||
| Q3 24 | $36.1M | $133.1M | ||
| Q2 24 | $36.1M | $105.9M | ||
| 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 | — | ||
| Q3 25 | $430.3M | $108.8M | ||
| Q2 25 | $500.0M | $116.5M | ||
| Q1 25 | $582.1M | $128.6M | ||
| Q4 24 | $581.2M | — | ||
| Q3 24 | $621.9M | $147.0M | ||
| Q2 24 | $660.3M | $153.5M | ||
| Q1 24 | $647.2M | — |
| Q4 25 | $453.4M | — | ||
| Q3 25 | $522.6M | $136.7M | ||
| Q2 25 | $668.7M | $144.8M | ||
| Q1 25 | $784.1M | $154.6M | ||
| Q4 24 | $805.1M | — | ||
| Q3 24 | $919.9M | $171.9M | ||
| Q2 24 | $1.0B | $175.8M | ||
| Q1 24 | $1.2B | — |
| 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 | $-4.7M |
| Free Cash FlowOCF − Capex | — | $-4.9M |
| FCF MarginFCF / Revenue | — | -28.5% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-11.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.1M | — | ||
| Q3 25 | $16.3M | $-4.7M | ||
| Q2 25 | $11.7M | $-211.0K | ||
| Q1 25 | $14.1M | $-7.6M | ||
| Q4 24 | $71.9M | — | ||
| Q3 24 | $20.3M | $3.0M | ||
| Q2 24 | $14.7M | $-225.0K | ||
| Q1 24 | $26.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $-4.9M | ||
| Q2 25 | — | $-330.0K | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.2M | ||
| Q2 24 | — | $-460.0K | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -28.5% | ||
| Q2 25 | — | -1.9% | ||
| Q1 25 | — | -47.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 14.0% | ||
| Q2 24 | — | -3.4% | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | — |
| 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.
