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Side-by-side financial comparison of NETSTREIT Corp. (NTST) and RHYTHM PHARMACEUTICALS, INC. (RYTM). Click either name above to swap in a different company.

RHYTHM PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($57.3M vs $57.1M, roughly 1.0× NETSTREIT Corp.). NETSTREIT Corp. runs the higher net margin — 10.0% vs -83.0%, a 93.0% gap on every dollar of revenue. On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs 24.3%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% CAGR vs 20.1%).

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.

Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.

NTST vs RYTM — Head-to-Head

Bigger by revenue
RYTM
RYTM
1.0× larger
RYTM
$57.3M
$57.1M
NTST
Growing faster (revenue YoY)
RYTM
RYTM
+12.6% gap
RYTM
36.9%
24.3%
NTST
Higher net margin
NTST
NTST
93.0% more per $
NTST
10.0%
-83.0%
RYTM
Faster 2-yr revenue CAGR
RYTM
RYTM
Annualised
RYTM
48.5%
20.1%
NTST

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NTST
NTST
RYTM
RYTM
Revenue
$57.1M
$57.3M
Net Profit
$5.7M
$-47.5M
Gross Margin
91.6%
Operating Margin
34.1%
-82.2%
Net Margin
10.0%
-83.0%
Revenue YoY
24.3%
36.9%
Net Profit YoY
235.9%
-9.6%
EPS (diluted)
$0.32
$-0.73

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
NTST
NTST
RYTM
RYTM
Q1 26
$57.1M
Q4 25
$52.5M
$57.3M
Q3 25
$48.3M
$51.3M
Q2 25
$48.3M
$48.5M
Q1 25
$45.9M
$32.7M
Q4 24
$44.1M
$41.8M
Q3 24
$41.4M
$33.3M
Q2 24
$39.6M
$29.1M
Net Profit
NTST
NTST
RYTM
RYTM
Q1 26
$5.7M
Q4 25
$1.3M
$-47.5M
Q3 25
$618.0K
$-52.9M
Q2 25
$3.3M
$-46.6M
Q1 25
$1.7M
$-49.5M
Q4 24
$-5.4M
$-43.3M
Q3 24
$-5.3M
$-43.6M
Q2 24
$-2.3M
$-32.3M
Gross Margin
NTST
NTST
RYTM
RYTM
Q1 26
Q4 25
91.6%
Q3 25
89.3%
Q2 25
88.6%
Q1 25
88.8%
Q4 24
90.9%
Q3 24
88.5%
Q2 24
89.9%
Operating Margin
NTST
NTST
RYTM
RYTM
Q1 26
34.1%
Q4 25
2.6%
-82.2%
Q3 25
1.3%
-102.6%
Q2 25
6.8%
-93.4%
Q1 25
3.7%
-143.7%
Q4 24
-12.3%
-98.6%
Q3 24
-12.8%
-132.0%
Q2 24
-5.8%
-139.2%
Net Margin
NTST
NTST
RYTM
RYTM
Q1 26
10.0%
Q4 25
2.5%
-83.0%
Q3 25
1.3%
-103.1%
Q2 25
6.8%
-96.1%
Q1 25
3.7%
-151.4%
Q4 24
-12.3%
-103.6%
Q3 24
-12.8%
-131.2%
Q2 24
-5.8%
-110.9%
EPS (diluted)
NTST
NTST
RYTM
RYTM
Q1 26
$0.32
Q4 25
$0.01
$-0.73
Q3 25
$0.01
$-0.82
Q2 25
$0.04
$-0.75
Q1 25
$0.02
$-0.81
Q4 24
$-0.07
$-0.71
Q3 24
$-0.07
$-0.73
Q2 24
$-0.03
$-0.55

Balance Sheet & Financial Strength

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

Metric
NTST
NTST
RYTM
RYTM
Cash + ST InvestmentsLiquidity on hand
$388.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.5B
$139.1M
Total Assets
$2.8B
$480.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NTST
NTST
RYTM
RYTM
Q1 26
Q4 25
$388.9M
Q3 25
$416.1M
Q2 25
$291.0M
Q1 25
$314.5M
Q4 24
$320.6M
Q3 24
$298.4M
Q2 24
$319.1M
Total Debt
NTST
NTST
RYTM
RYTM
Q1 26
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$926.6M
Q1 25
$913.3M
Q4 24
$868.3M
Q3 24
$778.7M
Q2 24
$726.2M
Stockholders' Equity
NTST
NTST
RYTM
RYTM
Q1 26
$1.5B
Q4 25
$1.4B
$139.1M
Q3 25
$1.3B
$148.8M
Q2 25
$1.3B
$-11.9M
Q1 25
$1.3B
$18.9M
Q4 24
$1.3B
$21.7M
Q3 24
$1.3B
$11.2M
Q2 24
$1.3B
$39.3M
Total Assets
NTST
NTST
RYTM
RYTM
Q1 26
$2.8B
Q4 25
$2.6B
$480.2M
Q3 25
$2.5B
$506.9M
Q2 25
$2.3B
$372.7M
Q1 25
$2.3B
$386.7M
Q4 24
$2.3B
$392.3M
Q3 24
$2.2B
$363.6M
Q2 24
$2.1B
$381.8M
Debt / Equity
NTST
NTST
RYTM
RYTM
Q1 26
Q4 25
0.76×
Q3 25
0.84×
Q2 25
0.70×
Q1 25
0.70×
Q4 24
0.65×
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
NTST
NTST
RYTM
RYTM
Operating Cash FlowLast quarter
$-25.4M
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.

Operating Cash Flow
NTST
NTST
RYTM
RYTM
Q1 26
Q4 25
$109.5M
$-25.4M
Q3 25
$28.0M
$-26.6M
Q2 25
$30.6M
$-23.3M
Q1 25
$22.1M
$-40.4M
Q4 24
$90.2M
$-18.8M
Q3 24
$25.1M
$-25.2M
Q2 24
$25.4M
$-29.1M
Cash Conversion
NTST
NTST
RYTM
RYTM
Q1 26
Q4 25
82.46×
Q3 25
45.27×
Q2 25
9.36×
Q1 25
13.06×
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

NTST
NTST

Rental revenue (including reimbursable)$54.0M95%
Other$3.0M5%

RYTM
RYTM

Segment breakdown not available.

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