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

NNN REIT, INC. is the larger business by last-quarter revenue ($240.4M vs $211.6M, roughly 1.1× PERDOCEO EDUCATION Corp). On growth, PERDOCEO EDUCATION Corp posted the faster year-over-year revenue change (20.0% vs 4.1%). Over the past eight quarters, PERDOCEO EDUCATION Corp's revenue compounded faster (12.2% CAGR vs 5.3%).

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.

Perdoceo Education Corporation (PRDO) is a public company that owns five for-profit universities in the United States: American Intercontinental University, Colorado Technical University, California Southern University, Trident University International, and University of St. Augustine for Health Sciences. The company was previously known as Career Education Corporation.

NNN vs PRDO — Head-to-Head

Bigger by revenue
NNN
NNN
1.1× larger
NNN
$240.4M
$211.6M
PRDO
Growing faster (revenue YoY)
PRDO
PRDO
+15.8% gap
PRDO
20.0%
4.1%
NNN
Faster 2-yr revenue CAGR
PRDO
PRDO
Annualised
PRDO
12.2%
5.3%
NNN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NNN
NNN
PRDO
PRDO
Revenue
$240.4M
$211.6M
Net Profit
$94.0M
Gross Margin
Operating Margin
61.0%
19.8%
Net Margin
39.1%
Revenue YoY
4.1%
20.0%
Net Profit YoY
-2.6%
EPS (diluted)
$0.50
$0.55

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
PRDO
PRDO
Q1 26
$240.4M
Q4 25
$238.4M
$211.6M
Q3 25
$230.2M
$211.9M
Q2 25
$226.8M
$209.6M
Q1 25
$230.9M
$213.0M
Q4 24
$218.5M
$176.4M
Q3 24
$218.6M
$169.8M
Q2 24
$216.8M
$166.7M
Net Profit
NNN
NNN
PRDO
PRDO
Q1 26
$94.0M
Q4 25
$96.0M
Q3 25
$96.8M
$39.9M
Q2 25
$100.5M
$41.0M
Q1 25
$96.5M
$43.7M
Q4 24
$97.9M
Q3 24
$97.9M
$38.3M
Q2 24
$106.7M
$38.4M
Operating Margin
NNN
NNN
PRDO
PRDO
Q1 26
61.0%
Q4 25
62.3%
19.8%
Q3 25
64.0%
24.1%
Q2 25
66.0%
24.5%
Q1 25
62.3%
24.3%
Q4 24
65.8%
21.1%
Q3 24
65.7%
26.4%
Q2 24
70.2%
27.6%
Net Margin
NNN
NNN
PRDO
PRDO
Q1 26
39.1%
Q4 25
40.2%
Q3 25
42.1%
18.8%
Q2 25
44.3%
19.6%
Q1 25
41.8%
20.5%
Q4 24
44.8%
Q3 24
44.8%
22.5%
Q2 24
49.2%
23.0%
EPS (diluted)
NNN
NNN
PRDO
PRDO
Q1 26
$0.50
Q4 25
$0.51
$0.55
Q3 25
$0.51
$0.60
Q2 25
$0.54
$0.62
Q1 25
$0.51
$0.65
Q4 24
$0.52
$0.46
Q3 24
$0.53
$0.57
Q2 24
$0.58
$0.57

Balance Sheet & Financial Strength

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

Metric
NNN
NNN
PRDO
PRDO
Cash + ST InvestmentsLiquidity on hand
$4.6M
$111.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.4B
$972.4M
Total Assets
$9.4B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NNN
NNN
PRDO
PRDO
Q1 26
$4.6M
Q4 25
$5.0M
$111.0M
Q3 25
$157.9M
$159.5M
Q2 25
$6.0M
$172.1M
Q1 25
$5.1M
$132.1M
Q4 24
$8.7M
$109.1M
Q3 24
$173.5M
$238.0M
Q2 24
$2.1M
$127.9M
Stockholders' Equity
NNN
NNN
PRDO
PRDO
Q1 26
$4.4B
Q4 25
$4.4B
$972.4M
Q3 25
$4.4B
$997.9M
Q2 25
$4.4B
$984.6M
Q1 25
$4.4B
$970.3M
Q4 24
$4.4B
$959.5M
Q3 24
$4.4B
$935.4M
Q2 24
$4.2B
$899.5M
Total Assets
NNN
NNN
PRDO
PRDO
Q1 26
$9.4B
Q4 25
$9.4B
$1.2B
Q3 25
$9.5B
$1.3B
Q2 25
$9.1B
$1.3B
Q1 25
$9.0B
$1.3B
Q4 24
$8.9B
$1.2B
Q3 24
$8.9B
$1.1B
Q2 24
$8.7B
$1.1B

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
PRDO
PRDO
Operating Cash FlowLast quarter
$40.1M
Free Cash FlowOCF − Capex
$37.9M
FCF MarginFCF / Revenue
17.9%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$216.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NNN
NNN
PRDO
PRDO
Q1 26
Q4 25
$667.1M
$40.1M
Q3 25
$218.3M
$41.2M
Q2 25
$119.4M
$78.8M
Q1 25
$203.3M
$65.1M
Q4 24
$635.5M
$17.6M
Q3 24
$206.6M
$51.0M
Q2 24
$120.5M
$38.5M
Free Cash Flow
NNN
NNN
PRDO
PRDO
Q1 26
Q4 25
$37.9M
Q3 25
$39.4M
Q2 25
$76.0M
Q1 25
$63.4M
Q4 24
$16.0M
Q3 24
$50.0M
Q2 24
$37.7M
FCF Margin
NNN
NNN
PRDO
PRDO
Q1 26
Q4 25
17.9%
Q3 25
18.6%
Q2 25
36.3%
Q1 25
29.8%
Q4 24
9.1%
Q3 24
29.4%
Q2 24
22.6%
Capex Intensity
NNN
NNN
PRDO
PRDO
Q1 26
Q4 25
1.1%
Q3 25
0.9%
Q2 25
1.3%
Q1 25
0.8%
Q4 24
0.9%
Q3 24
0.6%
Q2 24
0.5%
Cash Conversion
NNN
NNN
PRDO
PRDO
Q1 26
Q4 25
6.95×
Q3 25
2.25×
1.03×
Q2 25
1.19×
1.92×
Q1 25
2.11×
1.49×
Q4 24
6.49×
Q3 24
2.11×
1.33×
Q2 24
1.13×
1.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NNN
NNN

Segment breakdown not available.

PRDO
PRDO

CTU$107.0M51%
AIUS$60.8M29%
University Of St Augustine For Health Sciences Llc$43.7M21%
Other$1.1M1%

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