vs
Side-by-side financial comparison of NNN REIT, INC. (NNN) and STAG Industrial, Inc. (STAG). Click either name above to swap in a different company.
NNN REIT, INC. is the larger business by last-quarter revenue ($238.4M vs $224.2M, roughly 1.1× STAG Industrial, Inc.). NNN REIT, INC. runs the higher net margin — 40.2% vs 27.6%, a 12.6% gap on every dollar of revenue. On growth, NNN REIT, INC. posted the faster year-over-year revenue change (9.1% vs 9.1%). Over the past eight quarters, STAG Industrial, Inc.'s revenue compounded faster (8.7% CAGR vs 5.2%).
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.
Stag Arms is a firearms manufacturer founded in May 2003 and located in Cheyenne, Wyoming. Stag Arms is a manufacturer of the AR-15 type rifle, marketed as Stag-15 rifles. Stag advertises that all their weapons and accessories are made in the United States. They are best known for their left-handed AR-15 rifles, which use a mirror imaged upper receiver and have the ejection port reversed for left-handed shooters and the safety selector control on the right side of the lower receiver.
NNN vs STAG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $238.4M | $224.2M |
| Net Profit | $96.0M | $62.0M |
| Gross Margin | — | — |
| Operating Margin | 62.3% | — |
| Net Margin | 40.2% | 27.6% |
| Revenue YoY | 9.1% | 9.1% |
| Net Profit YoY | -2.0% | -32.2% |
| EPS (diluted) | $0.51 | $0.32 |
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 | — | $224.2M | ||
| Q4 25 | $238.4M | $220.9M | ||
| Q3 25 | $230.2M | $211.1M | ||
| Q2 25 | $226.8M | $207.6M | ||
| Q1 25 | $230.9M | $205.6M | ||
| Q4 24 | $218.5M | $199.3M | ||
| Q3 24 | $218.6M | $190.7M | ||
| Q2 24 | $216.8M | $189.8M |
| Q1 26 | — | $62.0M | ||
| Q4 25 | $96.0M | $83.5M | ||
| Q3 25 | $96.8M | $48.6M | ||
| Q2 25 | $100.5M | $50.0M | ||
| Q1 25 | $96.5M | $91.4M | ||
| Q4 24 | $97.9M | $51.0M | ||
| Q3 24 | $97.9M | $41.9M | ||
| Q2 24 | $106.7M | $59.8M |
| Q1 26 | — | — | ||
| Q4 25 | 62.3% | — | ||
| Q3 25 | 64.0% | — | ||
| Q2 25 | 66.0% | — | ||
| Q1 25 | 62.3% | — | ||
| Q4 24 | 65.8% | — | ||
| Q3 24 | 65.7% | — | ||
| Q2 24 | 70.2% | — |
| Q1 26 | — | 27.6% | ||
| Q4 25 | 40.2% | 37.8% | ||
| Q3 25 | 42.1% | 23.0% | ||
| Q2 25 | 44.3% | 24.1% | ||
| Q1 25 | 41.8% | 44.5% | ||
| Q4 24 | 44.8% | 25.6% | ||
| Q3 24 | 44.8% | 21.9% | ||
| Q2 24 | 49.2% | 31.5% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | $0.51 | — | ||
| Q3 25 | $0.51 | — | ||
| Q2 25 | $0.54 | — | ||
| Q1 25 | $0.51 | — | ||
| Q4 24 | $0.52 | — | ||
| Q3 24 | $0.53 | — | ||
| Q2 24 | $0.58 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.0M | $8.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.4B | $3.6B |
| Total Assets | $9.4B | $7.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.9M | ||
| Q4 25 | $5.0M | $14.9M | ||
| Q3 25 | $157.9M | $17.3M | ||
| Q2 25 | $6.0M | $15.4M | ||
| Q1 25 | $5.1M | $9.3M | ||
| Q4 24 | $8.7M | $36.3M | ||
| Q3 24 | $173.5M | $70.0M | ||
| Q2 24 | $2.1M | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $4.4B | $3.6B | ||
| Q3 25 | $4.4B | $3.4B | ||
| Q2 25 | $4.4B | $3.4B | ||
| Q1 25 | $4.4B | $3.5B | ||
| Q4 24 | $4.4B | $3.5B | ||
| Q3 24 | $4.4B | $3.3B | ||
| Q2 24 | $4.2B | $3.3B |
| Q1 26 | — | $7.2B | ||
| Q4 25 | $9.4B | $7.2B | ||
| Q3 25 | $9.5B | $6.9B | ||
| Q2 25 | $9.1B | $6.8B | ||
| Q1 25 | $9.0B | $6.8B | ||
| Q4 24 | $8.9B | $6.8B | ||
| Q3 24 | $8.9B | $6.6B | ||
| Q2 24 | $8.7B | $6.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.91× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 0.88× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.84× |
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 | $667.1M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 3.9% |
| Cash ConversionOCF / Net Profit | 6.95× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $667.1M | $104.5M | ||
| Q3 25 | $218.3M | $143.5M | ||
| Q2 25 | $119.4M | $111.9M | ||
| Q1 25 | $203.3M | $103.5M | ||
| Q4 24 | $635.5M | $104.9M | ||
| Q3 24 | $206.6M | $128.0M | ||
| Q2 24 | $120.5M | $122.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $43.8M | ||
| Q3 25 | — | $95.5M | ||
| Q2 25 | — | $62.3M | ||
| Q1 25 | — | $57.2M | ||
| Q4 24 | — | $37.6M | ||
| Q3 24 | — | $86.7M | ||
| Q2 24 | — | $105.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 45.2% | ||
| Q2 25 | — | 30.0% | ||
| Q1 25 | — | 27.8% | ||
| Q4 24 | — | 18.8% | ||
| Q3 24 | — | 45.5% | ||
| Q2 24 | — | 55.3% |
| Q1 26 | — | 3.9% | ||
| Q4 25 | — | 27.4% | ||
| Q3 25 | — | 22.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 22.5% | ||
| Q4 24 | — | 33.8% | ||
| Q3 24 | — | 21.6% | ||
| Q2 24 | — | 9.1% |
| Q1 26 | — | — | ||
| Q4 25 | 6.95× | 1.25× | ||
| Q3 25 | 2.25× | 2.95× | ||
| Q2 25 | 1.19× | 2.24× | ||
| Q1 25 | 2.11× | 1.13× | ||
| Q4 24 | 6.49× | 2.06× | ||
| Q3 24 | 2.11× | 3.06× | ||
| Q2 24 | 1.13× | 2.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
