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Side-by-side financial comparison of NETSTREIT Corp. (NTST) and X4 Pharmaceuticals, Inc (XFOR). Click either name above to swap in a different company.

NETSTREIT Corp. is the larger business by last-quarter revenue ($57.1M vs $28.8M, roughly 2.0× X4 Pharmaceuticals, Inc). NETSTREIT Corp. runs the higher net margin — 10.0% vs 1.0%, a 9.0% gap on every dollar of revenue.

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.

X4 Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing novel targeted therapies for rare immunological diseases and oncology indications with high unmet medical needs. It operates primarily across the U.S. and European markets, with a lead pipeline candidate for WHIM syndrome and multiple other preclinical and clinical assets for immune disorders and cancer.

NTST vs XFOR — Head-to-Head

Bigger by revenue
NTST
NTST
2.0× larger
NTST
$57.1M
$28.8M
XFOR
Higher net margin
NTST
NTST
9.0% more per $
NTST
10.0%
1.0%
XFOR

Income Statement — Q1 FY2026 vs Q1 FY2025

Metric
NTST
NTST
XFOR
XFOR
Revenue
$57.1M
$28.8M
Net Profit
$5.7M
$282.0K
Gross Margin
83.6%
Operating Margin
34.1%
-32.8%
Net Margin
10.0%
1.0%
Revenue YoY
24.3%
Net Profit YoY
235.9%
100.5%
EPS (diluted)
$0.32
$0.04

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
XFOR
XFOR
Q1 26
$57.1M
Q4 25
$52.5M
Q3 25
$48.3M
Q2 25
$48.3M
Q1 25
$45.9M
$28.8M
Q4 24
$44.1M
Q3 24
$41.4M
Q2 24
$39.6M
Net Profit
NTST
NTST
XFOR
XFOR
Q1 26
$5.7M
Q4 25
$1.3M
Q3 25
$618.0K
Q2 25
$3.3M
Q1 25
$1.7M
$282.0K
Q4 24
$-5.4M
Q3 24
$-5.3M
Q2 24
$-2.3M
Gross Margin
NTST
NTST
XFOR
XFOR
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
83.6%
Q4 24
Q3 24
Q2 24
Operating Margin
NTST
NTST
XFOR
XFOR
Q1 26
34.1%
Q4 25
2.6%
Q3 25
1.3%
Q2 25
6.8%
Q1 25
3.7%
-32.8%
Q4 24
-12.3%
Q3 24
-12.8%
Q2 24
-5.8%
Net Margin
NTST
NTST
XFOR
XFOR
Q1 26
10.0%
Q4 25
2.5%
Q3 25
1.3%
Q2 25
6.8%
Q1 25
3.7%
1.0%
Q4 24
-12.3%
Q3 24
-12.8%
Q2 24
-5.8%
EPS (diluted)
NTST
NTST
XFOR
XFOR
Q1 26
$0.32
Q4 25
$0.01
Q3 25
$0.01
Q2 25
$0.04
Q1 25
$0.02
$0.04
Q4 24
$-0.07
Q3 24
$-0.07
Q2 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
NTST
NTST
XFOR
XFOR
Cash + ST InvestmentsLiquidity on hand
$40.3M
Total DebtLower is stronger
$75.0M
Stockholders' EquityBook value
$1.5B
$22.9M
Total Assets
$2.8B
$130.0M
Debt / EquityLower = less leverage
3.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NTST
NTST
XFOR
XFOR
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
$40.3M
Q4 24
Q3 24
Q2 24
Total Debt
NTST
NTST
XFOR
XFOR
Q1 26
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$926.6M
Q1 25
$913.3M
$75.0M
Q4 24
$868.3M
Q3 24
$778.7M
Q2 24
$726.2M
Stockholders' Equity
NTST
NTST
XFOR
XFOR
Q1 26
$1.5B
Q4 25
$1.4B
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.3B
$22.9M
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Total Assets
NTST
NTST
XFOR
XFOR
Q1 26
$2.8B
Q4 25
$2.6B
Q3 25
$2.5B
Q2 25
$2.3B
Q1 25
$2.3B
$130.0M
Q4 24
$2.3B
Q3 24
$2.2B
Q2 24
$2.1B
Debt / Equity
NTST
NTST
XFOR
XFOR
Q1 26
Q4 25
0.76×
Q3 25
0.84×
Q2 25
0.70×
Q1 25
0.70×
3.27×
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
XFOR
XFOR
Operating Cash FlowLast quarter
$-12.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-43.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NTST
NTST
XFOR
XFOR
Q1 26
Q4 25
$109.5M
Q3 25
$28.0M
Q2 25
$30.6M
Q1 25
$22.1M
$-12.4M
Q4 24
$90.2M
Q3 24
$25.1M
Q2 24
$25.4M
Capex Intensity
NTST
NTST
XFOR
XFOR
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
0.0%
Q4 24
Q3 24
Q2 24
Cash Conversion
NTST
NTST
XFOR
XFOR
Q1 26
Q4 25
82.46×
Q3 25
45.27×
Q2 25
9.36×
Q1 25
13.06×
-43.86×
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%

XFOR
XFOR

Segment breakdown not available.

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