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

NNN REIT, INC. is the larger business by last-quarter revenue ($240.4M vs $220.8M, roughly 1.1× UNIVERSAL TECHNICAL INSTITUTE INC). NNN REIT, INC. runs the higher net margin — 39.1% vs 5.8%, a 33.3% gap on every dollar of revenue. On growth, UNIVERSAL TECHNICAL INSTITUTE INC posted the faster year-over-year revenue change (9.6% vs 4.1%). Over the past eight quarters, UNIVERSAL TECHNICAL INSTITUTE INC's revenue compounded faster (9.5% 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.

Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet.

NNN vs UTI — Head-to-Head

Bigger by revenue
NNN
NNN
1.1× larger
NNN
$240.4M
$220.8M
UTI
Growing faster (revenue YoY)
UTI
UTI
+5.5% gap
UTI
9.6%
4.1%
NNN
Higher net margin
NNN
NNN
33.3% more per $
NNN
39.1%
5.8%
UTI
Faster 2-yr revenue CAGR
UTI
UTI
Annualised
UTI
9.5%
5.3%
NNN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
NNN
NNN
UTI
UTI
Revenue
$240.4M
$220.8M
Net Profit
$94.0M
$12.8M
Gross Margin
Operating Margin
61.0%
7.1%
Net Margin
39.1%
5.8%
Revenue YoY
4.1%
9.6%
Net Profit YoY
-2.6%
-42.1%
EPS (diluted)
$0.50
$0.23

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
UTI
UTI
Q1 26
$240.4M
Q4 25
$238.4M
$220.8M
Q3 25
$230.2M
$222.4M
Q2 25
$226.8M
$204.3M
Q1 25
$230.9M
$207.4M
Q4 24
$218.5M
$201.4M
Q3 24
$218.6M
$196.4M
Q2 24
$216.8M
$177.5M
Net Profit
NNN
NNN
UTI
UTI
Q1 26
$94.0M
Q4 25
$96.0M
$12.8M
Q3 25
$96.8M
$18.8M
Q2 25
$100.5M
$10.7M
Q1 25
$96.5M
$11.4M
Q4 24
$97.9M
$22.2M
Q3 24
$97.9M
$18.8M
Q2 24
$106.7M
$5.0M
Operating Margin
NNN
NNN
UTI
UTI
Q1 26
61.0%
Q4 25
62.3%
7.1%
Q3 25
64.0%
11.2%
Q2 25
66.0%
6.9%
Q1 25
62.3%
8.1%
Q4 24
65.8%
13.6%
Q3 24
65.7%
13.3%
Q2 24
70.2%
4.2%
Net Margin
NNN
NNN
UTI
UTI
Q1 26
39.1%
Q4 25
40.2%
5.8%
Q3 25
42.1%
8.4%
Q2 25
44.3%
5.2%
Q1 25
41.8%
5.5%
Q4 24
44.8%
11.0%
Q3 24
44.8%
9.6%
Q2 24
49.2%
2.8%
EPS (diluted)
NNN
NNN
UTI
UTI
Q1 26
$0.50
Q4 25
$0.51
$0.23
Q3 25
$0.51
$0.33
Q2 25
$0.54
$0.19
Q1 25
$0.51
$0.21
Q4 24
$0.52
$0.40
Q3 24
$0.53
$0.35
Q2 24
$0.58
$0.09

Balance Sheet & Financial Strength

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

Metric
NNN
NNN
UTI
UTI
Cash + ST InvestmentsLiquidity on hand
$4.6M
$162.8M
Total DebtLower is stronger
$101.4M
Stockholders' EquityBook value
$4.4B
$335.9M
Total Assets
$9.4B
$834.0M
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NNN
NNN
UTI
UTI
Q1 26
$4.6M
Q4 25
$5.0M
$162.8M
Q3 25
$157.9M
$169.1M
Q2 25
$6.0M
$70.7M
Q1 25
$5.1M
$96.0M
Q4 24
$8.7M
$172.0M
Q3 24
$173.5M
$161.9M
Q2 24
$2.1M
$115.5M
Total Debt
NNN
NNN
UTI
UTI
Q1 26
Q4 25
$101.4M
Q3 25
$87.1M
Q2 25
$73.8M
Q1 25
$94.4M
Q4 24
$120.1M
Q3 24
$125.7M
Q2 24
$137.3M
Stockholders' Equity
NNN
NNN
UTI
UTI
Q1 26
$4.4B
Q4 25
$4.4B
$335.9M
Q3 25
$4.4B
$328.1M
Q2 25
$4.4B
$306.8M
Q1 25
$4.4B
$293.9M
Q4 24
$4.4B
$280.0M
Q3 24
$4.4B
$260.2M
Q2 24
$4.2B
$239.4M
Total Assets
NNN
NNN
UTI
UTI
Q1 26
$9.4B
Q4 25
$9.4B
$834.0M
Q3 25
$9.5B
$826.1M
Q2 25
$9.1B
$740.8M
Q1 25
$9.0B
$720.4M
Q4 24
$8.9B
$753.8M
Q3 24
$8.9B
$744.6M
Q2 24
$8.7B
$706.0M
Debt / Equity
NNN
NNN
UTI
UTI
Q1 26
Q4 25
0.30×
Q3 25
0.27×
Q2 25
0.24×
Q1 25
0.32×
Q4 24
0.43×
Q3 24
0.48×
Q2 24
0.57×

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
UTI
UTI
Operating Cash FlowLast quarter
$3.1M
Free Cash FlowOCF − Capex
$-19.2M
FCF MarginFCF / Revenue
-8.7%
Capex IntensityCapex / Revenue
10.1%
Cash ConversionOCF / Net Profit
0.24×
TTM Free Cash FlowTrailing 4 quarters
$16.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NNN
NNN
UTI
UTI
Q1 26
Q4 25
$667.1M
$3.1M
Q3 25
$218.3M
$57.1M
Q2 25
$119.4M
$18.1M
Q1 25
$203.3M
$-789.0K
Q4 24
$635.5M
$23.0M
Q3 24
$206.6M
$67.5M
Q2 24
$120.5M
$10.0M
Free Cash Flow
NNN
NNN
UTI
UTI
Q1 26
Q4 25
$-19.2M
Q3 25
$40.6M
Q2 25
$6.8M
Q1 25
$-11.7M
Q4 24
$19.6M
Q3 24
$60.0M
Q2 24
$3.0M
FCF Margin
NNN
NNN
UTI
UTI
Q1 26
Q4 25
-8.7%
Q3 25
18.3%
Q2 25
3.4%
Q1 25
-5.7%
Q4 24
9.7%
Q3 24
30.6%
Q2 24
1.7%
Capex Intensity
NNN
NNN
UTI
UTI
Q1 26
Q4 25
10.1%
Q3 25
7.4%
Q2 25
5.5%
Q1 25
5.3%
Q4 24
1.7%
Q3 24
3.8%
Q2 24
4.0%
Cash Conversion
NNN
NNN
UTI
UTI
Q1 26
Q4 25
6.95×
0.24×
Q3 25
2.25×
3.04×
Q2 25
1.19×
1.69×
Q1 25
2.11×
-0.07×
Q4 24
6.49×
1.04×
Q3 24
2.11×
3.58×
Q2 24
1.13×
2.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NNN
NNN

Segment breakdown not available.

UTI
UTI

UTI$142.8M65%
Concorde$78.0M35%

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