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Side-by-side financial comparison of NNN REIT, INC. (NNN) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
NNN REIT, INC. is the larger business by last-quarter revenue ($240.4M vs $140.7M, roughly 1.7× Purple Innovation, Inc.). NNN REIT, INC. runs the higher net margin — 39.1% vs -2.3%, a 41.4% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs 4.1%). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% 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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
NNN vs PRPL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $240.4M | $140.7M |
| Net Profit | $94.0M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 61.0% | -1.6% |
| Net Margin | 39.1% | -2.3% |
| Revenue YoY | 4.1% | 9.1% |
| Net Profit YoY | -2.6% | 62.1% |
| EPS (diluted) | $0.50 | $0.03 |
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.
| Q1 26 | $240.4M | — | ||
| Q4 25 | $238.4M | $140.7M | ||
| Q3 25 | $230.2M | $118.8M | ||
| Q2 25 | $226.8M | $105.1M | ||
| Q1 25 | $230.9M | $104.2M | ||
| Q4 24 | $218.5M | $129.0M | ||
| Q3 24 | $218.6M | $118.6M | ||
| Q2 24 | $216.8M | $120.3M |
| Q1 26 | $94.0M | — | ||
| Q4 25 | $96.0M | $-3.2M | ||
| Q3 25 | $96.8M | $-11.7M | ||
| Q2 25 | $100.5M | $-17.3M | ||
| Q1 25 | $96.5M | $-19.1M | ||
| Q4 24 | $97.9M | $-8.5M | ||
| Q3 24 | $97.9M | $-39.2M | ||
| Q2 24 | $106.7M | $27.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% |
| Q1 26 | 61.0% | — | ||
| Q4 25 | 62.3% | -1.6% | ||
| Q3 25 | 64.0% | -10.2% | ||
| Q2 25 | 66.0% | -13.5% | ||
| Q1 25 | 62.3% | -13.9% | ||
| Q4 24 | 65.8% | -6.0% | ||
| Q3 24 | 65.7% | -39.5% | ||
| Q2 24 | 70.2% | -12.1% |
| Q1 26 | 39.1% | — | ||
| Q4 25 | 40.2% | -2.3% | ||
| Q3 25 | 42.1% | -9.9% | ||
| Q2 25 | 44.3% | -16.5% | ||
| Q1 25 | 41.8% | -18.4% | ||
| Q4 24 | 44.8% | -6.6% | ||
| Q3 24 | 44.8% | -33.1% | ||
| Q2 24 | 49.2% | 0.0% |
| Q1 26 | $0.50 | — | ||
| Q4 25 | $0.51 | $0.03 | ||
| Q3 25 | $0.51 | $0.11 | ||
| Q2 25 | $0.54 | $0.16 | ||
| Q1 25 | $0.51 | $0.18 | ||
| Q4 24 | $0.52 | $0.08 | ||
| Q3 24 | $0.53 | $0.36 | ||
| Q2 24 | $0.58 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.6M | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $4.4B | $-29.7M |
| Total Assets | $9.4B | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.6M | — | ||
| Q4 25 | $5.0M | $24.3M | ||
| Q3 25 | $157.9M | $32.4M | ||
| Q2 25 | $6.0M | $34.2M | ||
| Q1 25 | $5.1M | $21.6M | ||
| Q4 24 | $8.7M | $29.0M | ||
| Q3 24 | $173.5M | $23.4M | ||
| Q2 24 | $2.1M | $23.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.4B | $-29.7M | ||
| Q3 25 | $4.4B | $-26.9M | ||
| Q2 25 | $4.4B | $-15.6M | ||
| Q1 25 | $4.4B | $1.3M | ||
| Q4 24 | $4.4B | $20.2M | ||
| Q3 24 | $4.4B | $28.0M | ||
| Q2 24 | $4.2B | $66.4M |
| Q1 26 | $9.4B | — | ||
| Q4 25 | $9.4B | $296.3M | ||
| Q3 25 | $9.5B | $302.1M | ||
| Q2 25 | $9.1B | $303.8M | ||
| Q1 25 | $9.0B | $293.8M | ||
| Q4 24 | $8.9B | $307.8M | ||
| Q3 24 | $8.9B | $309.3M | ||
| Q2 24 | $8.7B | $362.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-7.8M |
| FCF MarginFCF / Revenue | — | -5.5% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $667.1M | $-5.8M | ||
| Q3 25 | $218.3M | $-968.0K | ||
| Q2 25 | $119.4M | $-4.0M | ||
| Q1 25 | $203.3M | $-23.1M | ||
| Q4 24 | $635.5M | $6.8M | ||
| Q3 24 | $206.6M | $1.1M | ||
| Q2 24 | $120.5M | $-8.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-7.8M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $101.0K | ||
| Q2 24 | — | $-11.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -5.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -9.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.7% |
| 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× | — | ||
| Q2 24 | 1.13× | -330.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NNN
Segment breakdown not available.
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
