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Side-by-side financial comparison of NETSTREIT Corp. (NTST) and TELOS CORP (TLS). Click either name above to swap in a different company.
NETSTREIT Corp. is the larger business by last-quarter revenue ($57.1M vs $46.8M, roughly 1.2× TELOS CORP). NETSTREIT Corp. runs the higher net margin — 10.0% vs -34.9%, a 44.9% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs 24.3%). Over the past eight quarters, TELOS CORP's revenue compounded faster (25.7% 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.
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
NTST vs TLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $57.1M | $46.8M |
| Net Profit | $5.7M | $-16.3M |
| Gross Margin | — | 35.0% |
| Operating Margin | 34.1% | -39.6% |
| Net Margin | 10.0% | -34.9% |
| Revenue YoY | 24.3% | 77.4% |
| Net Profit YoY | 235.9% | -74.8% |
| EPS (diluted) | $0.32 | $-0.22 |
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 | $46.8M | ||
| Q3 25 | $48.3M | $51.4M | ||
| Q2 25 | $48.3M | $36.0M | ||
| Q1 25 | $45.9M | $30.6M | ||
| Q4 24 | $44.1M | $26.4M | ||
| Q3 24 | $41.4M | $23.8M | ||
| Q2 24 | $39.6M | $28.5M |
| Q1 26 | $5.7M | — | ||
| Q4 25 | $1.3M | $-16.3M | ||
| Q3 25 | $618.0K | $-2.1M | ||
| Q2 25 | $3.3M | $-9.5M | ||
| Q1 25 | $1.7M | $-8.6M | ||
| Q4 24 | $-5.4M | $-9.3M | ||
| Q3 24 | $-5.3M | $-28.1M | ||
| Q2 24 | $-2.3M | $-7.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% |
| Q1 26 | 34.1% | — | ||
| Q4 25 | 2.6% | -39.6% | ||
| Q3 25 | 1.3% | -4.8% | ||
| Q2 25 | 6.8% | -27.5% | ||
| Q1 25 | 3.7% | -29.5% | ||
| Q4 24 | -12.3% | -37.6% | ||
| Q3 24 | -12.8% | -121.4% | ||
| Q2 24 | -5.8% | -30.3% |
| Q1 26 | 10.0% | — | ||
| Q4 25 | 2.5% | -34.9% | ||
| Q3 25 | 1.3% | -4.1% | ||
| Q2 25 | 6.8% | -26.5% | ||
| Q1 25 | 3.7% | -28.1% | ||
| Q4 24 | -12.3% | -35.4% | ||
| Q3 24 | -12.8% | -118.0% | ||
| Q2 24 | -5.8% | -27.2% |
| Q1 26 | $0.32 | — | ||
| Q4 25 | $0.01 | $-0.22 | ||
| Q3 25 | $0.01 | $-0.03 | ||
| Q2 25 | $0.04 | $-0.13 | ||
| Q1 25 | $0.02 | $-0.12 | ||
| Q4 24 | $-0.07 | $-0.13 | ||
| Q3 24 | $-0.07 | $-0.39 | ||
| Q2 24 | $-0.03 | $-0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $53.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | $96.0M |
| Total Assets | $2.8B | $139.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $53.2M | ||
| Q3 25 | — | $59.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | — | $57.8M | ||
| Q4 24 | — | $54.6M | ||
| Q3 24 | — | $69.8M | ||
| Q2 24 | — | $80.1M |
| 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 | $96.0M | ||
| Q3 25 | $1.3B | $119.7M | ||
| Q2 25 | $1.3B | $118.4M | ||
| Q1 25 | $1.3B | $126.1M | ||
| Q4 24 | $1.3B | $127.1M | ||
| Q3 24 | $1.3B | $129.5M | ||
| Q2 24 | $1.3B | $149.1M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.6B | $139.9M | ||
| Q3 25 | $2.5B | $164.3M | ||
| Q2 25 | $2.3B | $165.0M | ||
| Q1 25 | $2.3B | $158.1M | ||
| Q4 24 | $2.3B | $158.2M | ||
| Q3 24 | $2.2B | $166.3M | ||
| Q2 24 | $2.1B | $182.4M |
| 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 | — | $8.0M |
| Free Cash FlowOCF − Capex | — | $8.0M |
| FCF MarginFCF / Revenue | — | 17.0% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $109.5M | $8.0M | ||
| Q3 25 | $28.0M | $9.1M | ||
| Q2 25 | $30.6M | $7.0M | ||
| Q1 25 | $22.1M | $6.1M | ||
| Q4 24 | $90.2M | $-10.5M | ||
| Q3 24 | $25.1M | $-7.1M | ||
| Q2 24 | $25.4M | $-8.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $8.7M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-7.1M | ||
| Q2 24 | — | $-8.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.0% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | -47.0% | ||
| Q3 24 | — | -30.0% | ||
| Q2 24 | — | -28.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.8% |
| 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% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
