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Side-by-side financial comparison of Alpine Income Property Trust, Inc. (PINE) and Valneva SE (VALN). Click either name above to swap in a different company.

Valneva SE is the larger business by last-quarter revenue ($36.2M vs $18.4M, roughly 2.0× Alpine Income Property Trust, Inc.). Alpine Income Property Trust, Inc. runs the higher net margin — 11.9% vs -54.1%, a 66.0% gap on every dollar of revenue.

Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that owns and operates a diversified portfolio of single-tenant net lease commercial properties across the United States. Its core asset segments include essential retail, industrial, and suburban office spaces, delivering stable recurring rental revenue to support consistent returns for its shareholders.

Valneva SE is a specialty vaccine company registered in Saint-Herblain, France, developing, producing and commercializing vaccines for infectious diseases. It has manufacturing sites in Livingston, Scotland; Solna, Sweden, and Vienna, Austria; with other offices in France, Canada and the United States.

PINE vs VALN — Head-to-Head

Bigger by revenue
VALN
VALN
2.0× larger
VALN
$36.2M
$18.4M
PINE
Higher net margin
PINE
PINE
66.0% more per $
PINE
11.9%
-54.1%
VALN

Income Statement — Q1 FY2026 vs Q1 FY2023

Metric
PINE
PINE
VALN
VALN
Revenue
$18.4M
$36.2M
Net Profit
$2.2M
$-19.6M
Gross Margin
38.9%
Operating Margin
35.4%
-49.5%
Net Margin
11.9%
-54.1%
Revenue YoY
29.6%
Net Profit YoY
285.3%
EPS (diluted)
$0.06

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
PINE
PINE
VALN
VALN
Q1 26
$18.4M
Q4 25
$16.9M
Q3 25
$14.6M
Q2 25
$14.9M
Q1 25
$14.2M
Q4 24
$13.8M
Q3 24
$13.5M
Q2 24
$12.5M
Net Profit
PINE
PINE
VALN
VALN
Q1 26
$2.2M
Q4 25
$1.5M
Q3 25
$-1.3M
Q2 25
$-1.6M
Q1 25
$-1.2M
Q4 24
$-958.0K
Q3 24
$3.1M
Q2 24
$204.0K
Operating Margin
PINE
PINE
VALN
VALN
Q1 26
35.4%
Q4 25
35.3%
Q3 25
16.6%
Q2 25
16.8%
Q1 25
16.0%
Q4 24
14.3%
Q3 24
47.9%
Q2 24
24.0%
Net Margin
PINE
PINE
VALN
VALN
Q1 26
11.9%
Q4 25
8.7%
Q3 25
-9.0%
Q2 25
-11.0%
Q1 25
-8.3%
Q4 24
-6.9%
Q3 24
22.8%
Q2 24
1.6%
EPS (diluted)
PINE
PINE
VALN
VALN
Q1 26
$0.06
Q4 25
$0.07
Q3 25
$-0.09
Q2 25
$-0.12
Q1 25
$-0.08
Q4 24
$-0.06
Q3 24
$0.21
Q2 24
$0.01

Balance Sheet & Financial Strength

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

Metric
PINE
PINE
VALN
VALN
Cash + ST InvestmentsLiquidity on hand
$2.6M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$312.5M
$221.2M
Total Assets
$745.1M
$637.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PINE
PINE
VALN
VALN
Q1 26
$2.6M
Q4 25
$4.6M
Q3 25
$1.2M
Q2 25
$5.0M
Q1 25
$6.1M
Q4 24
$1.6M
Q3 24
$2.6M
Q2 24
$3.3M
Total Debt
PINE
PINE
VALN
VALN
Q1 26
Q4 25
$377.7M
Q3 25
$358.2M
Q2 25
$352.6M
Q1 25
$356.5M
Q4 24
$301.5M
Q3 24
$278.9M
Q2 24
$268.3M
Stockholders' Equity
PINE
PINE
VALN
VALN
Q1 26
$312.5M
Q4 25
$279.9M
Q3 25
$223.5M
Q2 25
$229.8M
Q1 25
$240.9M
Q4 24
$253.0M
Q3 24
$248.2M
Q2 24
$244.0M
Total Assets
PINE
PINE
VALN
VALN
Q1 26
$745.1M
Q4 25
$715.9M
Q3 25
$621.4M
Q2 25
$628.4M
Q1 25
$647.4M
Q4 24
$605.0M
Q3 24
$579.0M
Q2 24
$565.8M
Debt / Equity
PINE
PINE
VALN
VALN
Q1 26
Q4 25
1.35×
Q3 25
1.60×
Q2 25
1.53×
Q1 25
1.48×
Q4 24
1.19×
Q3 24
1.12×
Q2 24
1.10×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PINE
PINE
VALN
VALN
Operating Cash FlowLast quarter
$-26.3M
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
PINE
PINE
VALN
VALN
Q1 26
Q4 25
$25.8M
Q3 25
$8.7M
Q2 25
$9.1M
Q1 25
$5.8M
Q4 24
$23.4M
Q3 24
$6.2M
Q2 24
$8.0M
Free Cash Flow
PINE
PINE
VALN
VALN
Q1 26
Q4 25
$-87.8M
Q3 25
$-48.8M
Q2 25
$-3.0M
Q1 25
$-55.5M
Q4 24
$-33.4M
Q3 24
$-43.0M
Q2 24
$-13.5M
FCF Margin
PINE
PINE
VALN
VALN
Q1 26
Q4 25
-519.4%
Q3 25
-334.9%
Q2 25
-20.0%
Q1 25
-391.0%
Q4 24
-242.4%
Q3 24
-319.3%
Q2 24
-108.0%
Capex Intensity
PINE
PINE
VALN
VALN
Q1 26
Q4 25
671.8%
Q3 25
394.8%
Q2 25
81.2%
Q1 25
432.0%
Q4 24
412.3%
Q3 24
365.4%
Q2 24
172.3%
Cash Conversion
PINE
PINE
VALN
VALN
Q1 26
Q4 25
17.48×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
2.02×
Q2 24
39.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PINE
PINE

Lease Income$12.6M68%
Other$5.8M31%
Other Revenue$46.0K0%

VALN
VALN

Segment breakdown not available.

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