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Side-by-side financial comparison of NETSTREIT Corp. (NTST) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
NETSTREIT Corp. is the larger business by last-quarter revenue ($57.1M vs $36.5M, roughly 1.6× SmartRent, Inc.). NETSTREIT Corp. runs the higher net margin — 10.0% vs -8.9%, a 18.9% gap on every dollar of revenue. On growth, NETSTREIT Corp. posted the faster year-over-year revenue change (24.3% vs 3.1%). Over the past eight quarters, NETSTREIT Corp.'s revenue compounded faster (20.1% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
NTST vs SMRT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $57.1M | $36.5M |
| Net Profit | $5.7M | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | 34.1% | -10.9% |
| Net Margin | 10.0% | -8.9% |
| Revenue YoY | 24.3% | 3.1% |
| Net Profit YoY | 235.9% | 71.6% |
| EPS (diluted) | $0.32 | $-0.02 |
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 | $36.5M | ||
| Q3 25 | $48.3M | $36.2M | ||
| Q2 25 | $48.3M | $38.3M | ||
| Q1 25 | $45.9M | $41.3M | ||
| Q4 24 | $44.1M | $35.4M | ||
| Q3 24 | $41.4M | $40.5M | ||
| Q2 24 | $39.6M | $48.5M |
| Q1 26 | $5.7M | — | ||
| Q4 25 | $1.3M | $-3.2M | ||
| Q3 25 | $618.0K | $-6.3M | ||
| Q2 25 | $3.3M | $-10.9M | ||
| Q1 25 | $1.7M | $-40.2M | ||
| Q4 24 | $-5.4M | $-11.4M | ||
| Q3 24 | $-5.3M | $-9.9M | ||
| Q2 24 | $-2.3M | $-4.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 26.4% | ||
| Q2 25 | — | 33.1% | ||
| Q1 25 | — | 32.8% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 35.7% |
| Q1 26 | 34.1% | — | ||
| Q4 25 | 2.6% | -10.9% | ||
| Q3 25 | 1.3% | -19.4% | ||
| Q2 25 | 6.8% | -30.5% | ||
| Q1 25 | 3.7% | -99.9% | ||
| Q4 24 | -12.3% | -36.6% | ||
| Q3 24 | -12.8% | -29.0% | ||
| Q2 24 | -5.8% | -14.3% |
| Q1 26 | 10.0% | — | ||
| Q4 25 | 2.5% | -8.9% | ||
| Q3 25 | 1.3% | -17.3% | ||
| Q2 25 | 6.8% | -28.3% | ||
| Q1 25 | 3.7% | -97.2% | ||
| Q4 24 | -12.3% | -32.3% | ||
| Q3 24 | -12.8% | -24.5% | ||
| Q2 24 | -5.8% | -9.5% |
| Q1 26 | $0.32 | — | ||
| Q4 25 | $0.01 | $-0.02 | ||
| Q3 25 | $0.01 | $-0.03 | ||
| Q2 25 | $0.04 | $-0.06 | ||
| Q1 25 | $0.02 | $-0.21 | ||
| Q4 24 | $-0.07 | $-0.06 | ||
| Q3 24 | $-0.07 | $-0.05 | ||
| Q2 24 | $-0.03 | $-0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $232.1M |
| Total Assets | $2.8B | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $104.5M | ||
| Q3 25 | — | $100.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $125.6M | ||
| Q4 24 | — | $142.5M | ||
| Q3 24 | — | $163.4M | ||
| Q2 24 | — | $187.4M |
| 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 | — |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.4B | $232.1M | ||
| Q3 25 | $1.3B | $234.4M | ||
| Q2 25 | $1.3B | $238.8M | ||
| Q1 25 | $1.3B | $250.7M | ||
| Q4 24 | $1.3B | $289.4M | ||
| Q3 24 | $1.3B | $305.1M | ||
| Q2 24 | $1.3B | $329.4M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.6B | $320.9M | ||
| Q3 25 | $2.5B | $335.8M | ||
| Q2 25 | $2.3B | $354.0M | ||
| Q1 25 | $2.3B | $366.1M | ||
| Q4 24 | $2.3B | $420.2M | ||
| Q3 24 | $2.2B | $448.6M | ||
| Q2 24 | $2.1B | $475.3M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $7.7M |
| Free Cash FlowOCF − Capex | — | $7.7M |
| FCF MarginFCF / Revenue | — | 21.0% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $109.5M | $7.7M | ||
| Q3 25 | $28.0M | $-2.1M | ||
| Q2 25 | $30.6M | $-14.9M | ||
| Q1 25 | $22.1M | $-12.2M | ||
| Q4 24 | $90.2M | $-12.0M | ||
| Q3 24 | $25.1M | $-3.7M | ||
| Q2 24 | $25.4M | $-13.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $7.7M | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | — | $-16.2M | ||
| Q1 25 | — | $-14.3M | ||
| Q4 24 | — | $-13.3M | ||
| Q3 24 | — | $-3.9M | ||
| Q2 24 | — | $-14.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 21.0% | ||
| Q3 25 | — | -6.1% | ||
| Q2 25 | — | -42.3% | ||
| Q1 25 | — | -34.7% | ||
| Q4 24 | — | -37.5% | ||
| Q3 24 | — | -9.7% | ||
| Q2 24 | — | -29.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.5% |
| 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
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
