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Side-by-side financial comparison of STAG Industrial, Inc. (STAG) and Zai Lab Ltd (ZLAB). Click either name above to swap in a different company.

STAG Industrial, Inc. is the larger business by last-quarter revenue ($224.2M vs $127.1M, roughly 1.8× Zai Lab Ltd). On growth, Zai Lab Ltd posted the faster year-over-year revenue change (17.1% vs 9.1%). Over the past eight quarters, Zai Lab Ltd's revenue compounded faster (20.8% CAGR vs 8.7%).

Stag Arms is a firearms manufacturer founded in May 2003 and located in Cheyenne, Wyoming. Stag Arms is a manufacturer of the AR-15 type rifle, marketed as Stag-15 rifles. Stag advertises that all their weapons and accessories are made in the United States. They are best known for their left-handed AR-15 rifles, which use a mirror imaged upper receiver and have the ejection port reversed for left-handed shooters and the safety selector control on the right side of the lower receiver.

Zai Lab Ltd is a global biopharmaceutical company focused on developing, manufacturing and commercializing innovative therapies for oncology, autoimmune disorders, infectious diseases and other unmet medical needs. It operates primarily in the Greater China region and partners with leading global biotech firms to expand access to life-saving treatments for underserved patient populations.

STAG vs ZLAB — Head-to-Head

Bigger by revenue
STAG
STAG
1.8× larger
STAG
$224.2M
$127.1M
ZLAB
Growing faster (revenue YoY)
ZLAB
ZLAB
+8.1% gap
ZLAB
17.1%
9.1%
STAG
Faster 2-yr revenue CAGR
ZLAB
ZLAB
Annualised
ZLAB
20.8%
8.7%
STAG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
STAG
STAG
ZLAB
ZLAB
Revenue
$224.2M
$127.1M
Net Profit
$62.0M
Gross Margin
51.0%
Operating Margin
-54.6%
Net Margin
27.6%
Revenue YoY
9.1%
17.1%
Net Profit YoY
EPS (diluted)
$0.32
$-0.05

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
STAG
STAG
ZLAB
ZLAB
Q1 26
$224.2M
Q4 25
$220.9M
$127.1M
Q3 25
$211.1M
$115.4M
Q2 25
$207.6M
$109.1M
Q1 25
$205.6M
$105.7M
Q4 24
$199.3M
$108.5M
Q3 24
$190.7M
$101.8M
Q2 24
$189.8M
$100.1M
Net Profit
STAG
STAG
ZLAB
ZLAB
Q1 26
$62.0M
Q4 25
$83.5M
Q3 25
$48.6M
$-36.0M
Q2 25
$50.0M
$-40.7M
Q1 25
$91.4M
$-48.4M
Q4 24
$51.0M
Q3 24
$41.9M
$-41.7M
Q2 24
$59.8M
$-80.3M
Gross Margin
STAG
STAG
ZLAB
ZLAB
Q1 26
Q4 25
51.0%
Q3 25
59.5%
Q2 25
60.6%
Q1 25
63.6%
Q4 24
61.5%
Q3 24
64.1%
Q2 24
64.9%
Operating Margin
STAG
STAG
ZLAB
ZLAB
Q1 26
Q4 25
-54.6%
Q3 25
-42.3%
Q2 25
-50.3%
Q1 25
-53.3%
Q4 24
-62.6%
Q3 24
-66.6%
Q2 24
-76.0%
Net Margin
STAG
STAG
ZLAB
ZLAB
Q1 26
27.6%
Q4 25
37.8%
Q3 25
23.0%
-31.2%
Q2 25
24.1%
-37.3%
Q1 25
44.5%
-45.8%
Q4 24
25.6%
Q3 24
21.9%
-40.9%
Q2 24
31.5%
-80.2%
EPS (diluted)
STAG
STAG
ZLAB
ZLAB
Q1 26
$0.32
Q4 25
$-0.05
Q3 25
$-0.03
Q2 25
$-0.04
Q1 25
$-0.04
Q4 24
$-0.09
Q3 24
$-0.04
Q2 24
$-0.08

Balance Sheet & Financial Strength

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

Metric
STAG
STAG
ZLAB
ZLAB
Cash + ST InvestmentsLiquidity on hand
$8.9M
$689.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.6B
$715.5M
Total Assets
$7.2B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STAG
STAG
ZLAB
ZLAB
Q1 26
$8.9M
Q4 25
$14.9M
$689.6M
Q3 25
$17.3M
$717.2M
Q2 25
$15.4M
$732.2M
Q1 25
$9.3M
$757.3M
Q4 24
$36.3M
$779.7M
Q3 24
$70.0M
$616.1M
Q2 24
$33.3M
$630.0M
Total Debt
STAG
STAG
ZLAB
ZLAB
Q1 26
Q4 25
$3.3B
Q3 25
$3.1B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$2.9B
Q2 24
$2.8B
Stockholders' Equity
STAG
STAG
ZLAB
ZLAB
Q1 26
$3.6B
Q4 25
$3.6B
$715.5M
Q3 25
$3.4B
$759.9M
Q2 25
$3.4B
$791.7M
Q1 25
$3.5B
$810.8M
Q4 24
$3.5B
$840.9M
Q3 24
$3.3B
$667.7M
Q2 24
$3.3B
$704.2M
Total Assets
STAG
STAG
ZLAB
ZLAB
Q1 26
$7.2B
Q4 25
$7.2B
$1.2B
Q3 25
$6.9B
$1.2B
Q2 25
$6.8B
$1.2B
Q1 25
$6.8B
$1.2B
Q4 24
$6.8B
$1.2B
Q3 24
$6.6B
$985.3M
Q2 24
$6.4B
$987.4M
Debt / Equity
STAG
STAG
ZLAB
ZLAB
Q1 26
Q4 25
0.91×
Q3 25
0.91×
Q2 25
0.88×
Q1 25
0.87×
Q4 24
0.88×
Q3 24
0.89×
Q2 24
0.84×

Cash Flow & Capital Efficiency

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

Metric
STAG
STAG
ZLAB
ZLAB
Operating Cash FlowLast quarter
$-26.0M
Free Cash FlowOCF − Capex
$-26.7M
FCF MarginFCF / Revenue
-21.0%
Capex IntensityCapex / Revenue
3.9%
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-158.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STAG
STAG
ZLAB
ZLAB
Q1 26
Q4 25
$104.5M
$-26.0M
Q3 25
$143.5M
$-32.0M
Q2 25
$111.9M
$-31.0M
Q1 25
$103.5M
$-61.7M
Q4 24
$104.9M
$-55.8M
Q3 24
$128.0M
$-26.8M
Q2 24
$122.2M
$-42.2M
Free Cash Flow
STAG
STAG
ZLAB
ZLAB
Q1 26
Q4 25
$43.8M
$-26.7M
Q3 25
$95.5M
$-35.0M
Q2 25
$62.3M
$-33.9M
Q1 25
$57.2M
$-63.2M
Q4 24
$37.6M
$-58.4M
Q3 24
$86.7M
$-28.2M
Q2 24
$105.0M
$-42.9M
FCF Margin
STAG
STAG
ZLAB
ZLAB
Q1 26
Q4 25
19.8%
-21.0%
Q3 25
45.2%
-30.4%
Q2 25
30.0%
-31.1%
Q1 25
27.8%
-59.9%
Q4 24
18.8%
-53.8%
Q3 24
45.5%
-27.7%
Q2 24
55.3%
-42.9%
Capex Intensity
STAG
STAG
ZLAB
ZLAB
Q1 26
3.9%
Q4 25
27.4%
0.5%
Q3 25
22.7%
2.6%
Q2 25
23.9%
2.6%
Q1 25
22.5%
1.5%
Q4 24
33.8%
2.4%
Q3 24
21.6%
1.3%
Q2 24
9.1%
0.7%
Cash Conversion
STAG
STAG
ZLAB
ZLAB
Q1 26
Q4 25
1.25×
Q3 25
2.95×
Q2 25
2.24×
Q1 25
1.13×
Q4 24
2.06×
Q3 24
3.06×
Q2 24
2.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

STAG
STAG

Segment breakdown not available.

ZLAB
ZLAB

Zejula$56.0M44%
Other$21.9M17%
Nuzyra$16.0M13%
Optune$11.9M9%
XACDURO$10.7M8%
Qinlock$9.7M8%
AUGTYRO$836.0K1%

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