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Side-by-side financial comparison of NETSTREIT Corp. (NTST) and Plymouth Industrial REIT, Inc. (PLYM). Click either name above to swap in a different company.
NETSTREIT Corp. is the larger business by last-quarter revenue ($57.1M vs $51.2M, roughly 1.1× Plymouth Industrial REIT, Inc.). NETSTREIT Corp. runs the higher net margin — 10.0% vs -106.3%, a 116.3% gap on every dollar of revenue. On growth, NETSTREIT Corp. posted the faster year-over-year revenue change (24.3% vs -1.4%). Over the past eight quarters, NETSTREIT Corp.'s revenue compounded faster (20.1% CAGR vs 0.4%).
NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.
Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.
NTST vs PLYM — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $57.1M | $51.2M |
| Net Profit | $5.7M | $-54.4M |
| Gross Margin | — | — |
| Operating Margin | 34.1% | -102.5% |
| Net Margin | 10.0% | -106.3% |
| Revenue YoY | 24.3% | -1.4% |
| Net Profit YoY | 235.9% | -248.5% |
| EPS (diluted) | $0.32 | $-1.23 |
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.
| Q1 26 | $57.1M | — | ||
| Q4 25 | $52.5M | — | ||
| Q3 25 | $48.3M | $51.2M | ||
| Q2 25 | $48.3M | $47.2M | ||
| Q1 25 | $45.9M | $45.6M | ||
| Q4 24 | $44.1M | $47.6M | ||
| Q3 24 | $41.4M | $51.9M | ||
| Q2 24 | $39.6M | $48.7M |
| Q1 26 | $5.7M | — | ||
| Q4 25 | $1.3M | — | ||
| Q3 25 | $618.0K | $-54.4M | ||
| Q2 25 | $3.3M | $-6.1M | ||
| Q1 25 | $1.7M | $5.8M | ||
| Q4 24 | $-5.4M | $147.4M | ||
| Q3 24 | $-5.3M | $-15.6M | ||
| Q2 24 | $-2.3M | $1.3M |
| Q1 26 | 34.1% | — | ||
| Q4 25 | 2.6% | — | ||
| Q3 25 | 1.3% | -102.5% | ||
| Q2 25 | 6.8% | -10.3% | ||
| Q1 25 | 3.7% | — | ||
| Q4 24 | -12.3% | — | ||
| Q3 24 | -12.8% | -29.6% | ||
| Q2 24 | -5.8% | 2.7% |
| Q1 26 | 10.0% | — | ||
| Q4 25 | 2.5% | — | ||
| Q3 25 | 1.3% | -106.3% | ||
| Q2 25 | 6.8% | -12.9% | ||
| Q1 25 | 3.7% | 12.8% | ||
| Q4 24 | -12.3% | 309.9% | ||
| Q3 24 | -12.8% | -30.1% | ||
| Q2 24 | -5.8% | 2.7% |
| Q1 26 | $0.32 | — | ||
| Q4 25 | $0.01 | — | ||
| Q3 25 | $0.01 | $-1.23 | ||
| Q2 25 | $0.04 | $-0.14 | ||
| Q1 25 | $0.02 | $0.13 | ||
| Q4 24 | $-0.07 | $3.24 | ||
| Q3 24 | $-0.07 | $-0.35 | ||
| Q2 24 | $-0.03 | $0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $470.1M |
| Total Assets | $2.8B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $926.6M | — | ||
| Q1 25 | $913.3M | — | ||
| Q4 24 | $868.3M | $646.4M | ||
| Q3 24 | $778.7M | — | ||
| Q2 24 | $726.2M | — |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.3B | $470.1M | ||
| Q2 25 | $1.3B | $539.6M | ||
| Q1 25 | $1.3B | $571.0M | ||
| Q4 24 | $1.3B | $579.5M | ||
| Q3 24 | $1.3B | $436.5M | ||
| Q2 24 | $1.3B | $475.2M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.5B | $1.6B | ||
| Q2 25 | $2.3B | $1.6B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.3B | $1.4B | ||
| Q3 24 | $2.2B | $1.5B | ||
| Q2 24 | $2.1B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.84× | — | ||
| Q2 25 | 0.70× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.65× | 1.12× | ||
| Q3 24 | 0.58× | — | ||
| Q2 24 | 0.55× | — |
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 | — | $20.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $109.5M | — | ||
| Q3 25 | $28.0M | $20.0M | ||
| Q2 25 | $30.6M | $23.4M | ||
| Q1 25 | $22.1M | $15.6M | ||
| Q4 24 | $90.2M | $96.1M | ||
| Q3 24 | $25.1M | $17.6M | ||
| Q2 24 | $25.4M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | 82.46× | — | ||
| Q3 25 | 45.27× | — | ||
| Q2 25 | 9.36× | — | ||
| Q1 25 | 13.06× | 2.67× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 15.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
PLYM
Segment breakdown not available.
