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

POWELL INDUSTRIES INC is the larger business by last-quarter revenue ($251.2M vs $240.4M, roughly 1.0× NNN REIT, INC.). NNN REIT, INC. runs the higher net margin — 39.1% vs 16.5%, a 22.6% gap on every dollar of revenue. On growth, NNN REIT, INC. posted the faster year-over-year revenue change (4.1% vs 4.0%). Over the past eight quarters, NNN REIT, INC.'s revenue compounded faster (5.3% CAGR vs -0.8%).

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.

Powell Industries, Inc. is a manufacturer of Integrated/Packaged Solutions and Electrical Equipment to monitor and control the distribution of electrical power in commercial and industrial markets founded in 1947. Its headquarters is in Houston, Texas.

NNN vs POWL — Head-to-Head

Bigger by revenue
POWL
POWL
1.0× larger
POWL
$251.2M
$240.4M
NNN
Growing faster (revenue YoY)
NNN
NNN
+0.1% gap
NNN
4.1%
4.0%
POWL
Higher net margin
NNN
NNN
22.6% more per $
NNN
39.1%
16.5%
POWL
Faster 2-yr revenue CAGR
NNN
NNN
Annualised
NNN
5.3%
-0.8%
POWL

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
NNN
NNN
POWL
POWL
Revenue
$240.4M
$251.2M
Net Profit
$94.0M
$41.4M
Gross Margin
28.4%
Operating Margin
61.0%
17.0%
Net Margin
39.1%
16.5%
Revenue YoY
4.1%
4.0%
Net Profit YoY
-2.6%
19.1%
EPS (diluted)
$0.50
$3.40

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
POWL
POWL
Q1 26
$240.4M
Q4 25
$238.4M
$251.2M
Q3 25
$230.2M
$298.0M
Q2 25
$226.8M
$286.3M
Q1 25
$230.9M
$278.6M
Q4 24
$218.5M
$241.4M
Q3 24
$218.6M
$275.1M
Q2 24
$216.8M
$288.2M
Net Profit
NNN
NNN
POWL
POWL
Q1 26
$94.0M
Q4 25
$96.0M
$41.4M
Q3 25
$96.8M
$51.4M
Q2 25
$100.5M
$48.2M
Q1 25
$96.5M
$46.3M
Q4 24
$97.9M
$34.8M
Q3 24
$97.9M
$46.1M
Q2 24
$106.7M
$46.2M
Gross Margin
NNN
NNN
POWL
POWL
Q1 26
Q4 25
28.4%
Q3 25
31.4%
Q2 25
30.7%
Q1 25
29.9%
Q4 24
24.7%
Q3 24
29.2%
Q2 24
28.4%
Operating Margin
NNN
NNN
POWL
POWL
Q1 26
61.0%
Q4 25
62.3%
17.0%
Q3 25
64.0%
21.2%
Q2 25
66.0%
21.0%
Q1 25
62.3%
21.1%
Q4 24
65.8%
14.7%
Q3 24
65.7%
20.4%
Q2 24
70.2%
19.9%
Net Margin
NNN
NNN
POWL
POWL
Q1 26
39.1%
Q4 25
40.2%
16.5%
Q3 25
42.1%
17.3%
Q2 25
44.3%
16.8%
Q1 25
41.8%
16.6%
Q4 24
44.8%
14.4%
Q3 24
44.8%
16.7%
Q2 24
49.2%
16.0%
EPS (diluted)
NNN
NNN
POWL
POWL
Q1 26
$0.50
Q4 25
$0.51
$3.40
Q3 25
$0.51
$4.23
Q2 25
$0.54
$3.96
Q1 25
$0.51
$3.81
Q4 24
$0.52
$2.86
Q3 24
$0.53
$3.77
Q2 24
$0.58
$3.79

Balance Sheet & Financial Strength

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

Metric
NNN
NNN
POWL
POWL
Cash + ST InvestmentsLiquidity on hand
$4.6M
$500.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.4B
$668.9M
Total Assets
$9.4B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NNN
NNN
POWL
POWL
Q1 26
$4.6M
Q4 25
$5.0M
$500.8M
Q3 25
$157.9M
$475.5M
Q2 25
$6.0M
$433.0M
Q1 25
$5.1M
$389.3M
Q4 24
$8.7M
$373.4M
Q3 24
$173.5M
$358.4M
Q2 24
$2.1M
$374.0M
Stockholders' Equity
NNN
NNN
POWL
POWL
Q1 26
$4.4B
Q4 25
$4.4B
$668.9M
Q3 25
$4.4B
$640.8M
Q2 25
$4.4B
$594.9M
Q1 25
$4.4B
$541.4M
Q4 24
$4.4B
$496.3M
Q3 24
$4.4B
$483.1M
Q2 24
$4.2B
$436.7M
Total Assets
NNN
NNN
POWL
POWL
Q1 26
$9.4B
Q4 25
$9.4B
$1.1B
Q3 25
$9.5B
$1.1B
Q2 25
$9.1B
$1.0B
Q1 25
$9.0B
$965.4M
Q4 24
$8.9B
$912.7M
Q3 24
$8.9B
$928.2M
Q2 24
$8.7B
$869.0M

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
POWL
POWL
Operating Cash FlowLast quarter
$43.6M
Free Cash FlowOCF − Capex
$41.6M
FCF MarginFCF / Revenue
16.6%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
1.05×
TTM Free Cash FlowTrailing 4 quarters
$161.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NNN
NNN
POWL
POWL
Q1 26
Q4 25
$667.1M
$43.6M
Q3 25
$218.3M
$61.1M
Q2 25
$119.4M
$47.4M
Q1 25
$203.3M
$22.4M
Q4 24
$635.5M
$37.1M
Q3 24
$206.6M
$-6.0M
Q2 24
$120.5M
$13.8M
Free Cash Flow
NNN
NNN
POWL
POWL
Q1 26
Q4 25
$41.6M
Q3 25
$59.3M
Q2 25
$42.3M
Q1 25
$18.3M
Q4 24
$34.9M
Q3 24
$-14.4M
Q2 24
$12.4M
FCF Margin
NNN
NNN
POWL
POWL
Q1 26
Q4 25
16.6%
Q3 25
19.9%
Q2 25
14.8%
Q1 25
6.6%
Q4 24
14.4%
Q3 24
-5.3%
Q2 24
4.3%
Capex Intensity
NNN
NNN
POWL
POWL
Q1 26
Q4 25
0.8%
Q3 25
0.6%
Q2 25
1.8%
Q1 25
1.5%
Q4 24
0.9%
Q3 24
3.1%
Q2 24
0.5%
Cash Conversion
NNN
NNN
POWL
POWL
Q1 26
Q4 25
6.95×
1.05×
Q3 25
2.25×
1.19×
Q2 25
1.19×
0.98×
Q1 25
2.11×
0.48×
Q4 24
6.49×
1.07×
Q3 24
2.11×
-0.13×
Q2 24
1.13×
0.30×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NNN
NNN

Segment breakdown not available.

POWL
POWL

Oil And Gas Service$97.9M39%
Electricity$69.3M28%
Commercial And Other Industrial$40.6M16%
Petrochemical$22.8M9%
Other Customers$12.0M5%
Light Rail Traction Power Customer$8.6M3%

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