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Side-by-side financial comparison of NNN REIT, INC. (NNN) and PAMT CORP (PAMT). Click either name above to swap in a different company.

NNN REIT, INC. is the larger business by last-quarter revenue ($240.4M vs $141.3M, roughly 1.7× PAMT CORP). NNN REIT, INC. runs the higher net margin — 39.1% vs -20.7%, a 59.8% gap on every dollar of revenue. On growth, NNN REIT, INC. posted the faster year-over-year revenue change (4.1% vs -15.1%). Over the past eight quarters, NNN REIT, INC.'s revenue compounded faster (5.3% CAGR vs -12.0%).

NNN Reit, Inc. is a real estate investment trust that invests primarily in restaurant properties that are subject to long-term triple net leases, usually under leaseback arrangements. It is organized in Maryland with its principal office in Orlando, Florida.

NNN vs PAMT — Head-to-Head

Bigger by revenue
NNN
NNN
1.7× larger
NNN
$240.4M
$141.3M
PAMT
Growing faster (revenue YoY)
NNN
NNN
+19.3% gap
NNN
4.1%
-15.1%
PAMT
Higher net margin
NNN
NNN
59.8% more per $
NNN
39.1%
-20.7%
PAMT
Faster 2-yr revenue CAGR
NNN
NNN
Annualised
NNN
5.3%
-12.0%
PAMT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NNN
NNN
PAMT
PAMT
Revenue
$240.4M
$141.3M
Net Profit
$94.0M
$-29.3M
Gross Margin
Operating Margin
61.0%
-27.0%
Net Margin
39.1%
-20.7%
Revenue YoY
4.1%
-15.1%
Net Profit YoY
-2.6%
7.4%
EPS (diluted)
$0.50
$-1.38

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
NNN
NNN
PAMT
PAMT
Q1 26
$240.4M
Q4 25
$238.4M
$141.3M
Q3 25
$230.2M
$150.3M
Q2 25
$226.8M
$151.1M
Q1 25
$230.9M
$155.3M
Q4 24
$218.5M
$166.5M
Q3 24
$218.6M
$182.6M
Q2 24
$216.8M
$182.9M
Net Profit
NNN
NNN
PAMT
PAMT
Q1 26
$94.0M
Q4 25
$96.0M
$-29.3M
Q3 25
$96.8M
$-5.6M
Q2 25
$100.5M
$-9.6M
Q1 25
$96.5M
$-8.1M
Q4 24
$97.9M
$-31.6M
Q3 24
$97.9M
$2.4M
Q2 24
$106.7M
$-2.9M
Operating Margin
NNN
NNN
PAMT
PAMT
Q1 26
61.0%
Q4 25
62.3%
-27.0%
Q3 25
64.0%
-3.8%
Q2 25
66.0%
-7.3%
Q1 25
62.3%
-5.9%
Q4 24
65.8%
-22.6%
Q3 24
65.7%
1.3%
Q2 24
70.2%
-0.4%
Net Margin
NNN
NNN
PAMT
PAMT
Q1 26
39.1%
Q4 25
40.2%
-20.7%
Q3 25
42.1%
-3.7%
Q2 25
44.3%
-6.4%
Q1 25
41.8%
-5.2%
Q4 24
44.8%
-19.0%
Q3 24
44.8%
1.3%
Q2 24
49.2%
-1.6%
EPS (diluted)
NNN
NNN
PAMT
PAMT
Q1 26
$0.50
Q4 25
$0.51
$-1.38
Q3 25
$0.51
$-0.27
Q2 25
$0.54
$-0.46
Q1 25
$0.51
$-0.37
Q4 24
$0.52
$-1.44
Q3 24
$0.53
$0.11
Q2 24
$0.58
$-0.13

Balance Sheet & Financial Strength

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

Metric
NNN
NNN
PAMT
PAMT
Cash + ST InvestmentsLiquidity on hand
$4.6M
$83.7M
Total DebtLower is stronger
$333.9M
Stockholders' EquityBook value
$4.4B
$210.5M
Total Assets
$9.4B
$697.9M
Debt / EquityLower = less leverage
1.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NNN
NNN
PAMT
PAMT
Q1 26
$4.6M
Q4 25
$5.0M
$83.7M
Q3 25
$157.9M
$115.6M
Q2 25
$6.0M
$117.3M
Q1 25
$5.1M
$102.7M
Q4 24
$8.7M
$110.7M
Q3 24
$173.5M
$92.3M
Q2 24
$2.1M
$114.0M
Total Debt
NNN
NNN
PAMT
PAMT
Q1 26
Q4 25
$333.9M
Q3 25
Q2 25
Q1 25
Q4 24
$325.6M
Q3 24
Q2 24
Stockholders' Equity
NNN
NNN
PAMT
PAMT
Q1 26
$4.4B
Q4 25
$4.4B
$210.5M
Q3 25
$4.4B
$239.5M
Q2 25
$4.4B
$244.9M
Q1 25
$4.4B
$269.6M
Q4 24
$4.4B
$277.5M
Q3 24
$4.4B
$308.9M
Q2 24
$4.2B
$306.7M
Total Assets
NNN
NNN
PAMT
PAMT
Q1 26
$9.4B
Q4 25
$9.4B
$697.9M
Q3 25
$9.5B
$715.2M
Q2 25
$9.1B
$707.9M
Q1 25
$9.0B
$712.6M
Q4 24
$8.9B
$741.7M
Q3 24
$8.9B
$756.7M
Q2 24
$8.7B
$733.5M
Debt / Equity
NNN
NNN
PAMT
PAMT
Q1 26
Q4 25
1.59×
Q3 25
Q2 25
Q1 25
Q4 24
1.17×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NNN
NNN
PAMT
PAMT
Operating Cash FlowLast quarter
$-5.8M
Free Cash FlowOCF − Capex
$-25.0M
FCF MarginFCF / Revenue
-17.7%
Capex IntensityCapex / Revenue
13.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-23.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NNN
NNN
PAMT
PAMT
Q1 26
Q4 25
$667.1M
$-5.8M
Q3 25
$218.3M
$5.9M
Q2 25
$119.4M
$12.2M
Q1 25
$203.3M
$5.0M
Q4 24
$635.5M
$15.2M
Q3 24
$206.6M
$15.5M
Q2 24
$120.5M
$18.7M
Free Cash Flow
NNN
NNN
PAMT
PAMT
Q1 26
Q4 25
$-25.0M
Q3 25
$2.5M
Q2 25
$5.9M
Q1 25
$-6.8M
Q4 24
$-39.9M
Q3 24
$-33.6M
Q2 24
$4.1M
FCF Margin
NNN
NNN
PAMT
PAMT
Q1 26
Q4 25
-17.7%
Q3 25
1.7%
Q2 25
3.9%
Q1 25
-4.4%
Q4 24
-24.0%
Q3 24
-18.4%
Q2 24
2.2%
Capex Intensity
NNN
NNN
PAMT
PAMT
Q1 26
Q4 25
13.6%
Q3 25
2.3%
Q2 25
4.2%
Q1 25
7.6%
Q4 24
33.1%
Q3 24
26.9%
Q2 24
8.0%
Cash Conversion
NNN
NNN
PAMT
PAMT
Q1 26
Q4 25
6.95×
Q3 25
2.25×
Q2 25
1.19×
Q1 25
2.11×
Q4 24
6.49×
Q3 24
2.11×
6.44×
Q2 24
1.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NNN
NNN

Segment breakdown not available.

PAMT
PAMT

Freight Transportation Service$123.1M87%
Fuel Surcharge$18.2M13%

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