What is Broadstone Net Lease, Inc.'s earnings per share (EPS)?

Broadstone Net Lease, Inc. (BNL) reported diluted earnings per share of $0.50 for fiscal year 2025. This represents a -41.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Broadstone Net Lease (BNL) Financials

BNL NYSE

Trailing 12 months to June 30, 2026

Revenue $476.2M +7.7% YoY

Net Income $145.8M +47.4% YoY

EPS (Diluted) $0.76 +46.2% YoY

Free Cash Flow $257.1M +2.2% YoY

Market Cap $3.3B as of Oct 26, 2026

Price / Sales 6.9x on $476.2M revenue, trailing 12 months to June 30, 2026

Price / Earnings 22.7x on $145.8M net income, trailing 12 months to June 30, 2026

Price / Book 1.1x on $2.9B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 29, 2026 Currency USD FYE December

Newest figures come from the 10-Q/A for Q2 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BNL SEC filings page.

Broadstone Net Lease, Inc. (BNL) reported $476.2M in revenue over the twelve months to Jun 30, 2026, up 7.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BNL FY2025 2026-10-24

FY2025 revenue expanded, but heavier borrowing and interest costs weakened reported earnings while cash generation remained comparatively resilient.

Net income fell 40.6% while operating cash flow rose 8.4% in FY2025, so earnings weakness did not translate into weaker cash from operations. With interest expense up 27.5% and depreciation and amortization up 5.2%, reported profit was more exposed to financing and non-cash accounting charges than cash generation.

The balance sheet became more debt-funded: total liabilities increased 29.3% while total assets rose 9.6%, meaning obligations grew much faster than the asset base. Debt-to-equity moved from 0.6x in FY2023 to 0.9x in FY2025, indicating expansion relied increasingly on borrowing rather than retained equity.

Operating cash flow reached 310.4% of net income in FY2025, versus 170.1% in FY2024, highlighting a widening gap between accounting profit and cash produced. Capital expenditures rose 76.9% while free cash flow increased only 4.0%, showing that reinvestment absorbed much of the additional operating cash.

Financial Health Signals

Financial Health Score (4 of 6 dimensions) 65/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Broadstone Net Lease, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Broadstone Net Lease, Inc. scores 92/100 on it among other REITs.

FFO Growth

FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Broadstone Net Lease, Inc. scores 34/100 on it among other REITs.

Leverage

n/a

Not available for Broadstone Net Lease, Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.

Interest Cov.

n/a

Not available for Broadstone Net Lease, Inc., so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.

AFFO Margin

AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Broadstone Net Lease, Inc. scores 95/100 on it among other REITs.

Dividend Cov.

Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Broadstone Net Lease, Inc. scores 38/100 on it among other REITs.

Piotroski F-Score Partial

3/7

Broadstone Net Lease, Inc. passes 3 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), the one computable operating efficiency signal (asset turnover improving) does not pass.

Earnings Quality Cash-Backed

3.10x

For every $1 of reported earnings, Broadstone Net Lease, Inc. generates $3.10 in operating cash flow ($299.5M OCF vs $96.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$122.3M

YoY+8.3%

QoQ+0.7%

5Y CAGR+7.6%

10Y CAGR+13.4%

Broadstone Net Lease, Inc. generated $122.3M in revenue in Q2 2026. This represents an increase of 8.3% from the same quarter a year earlier. Against the prior quarter it is up 0.7%.

Net Income

$39.8M

YoY+97.4%

QoQ-14.2%

5Y CAGR+13.4%

10Y CAGR+23.5%

Broadstone Net Lease, Inc. reported $39.8M in net income in Q2 2026. This represents an increase of 97.4% from the same quarter a year earlier. Against the prior quarter it is down 14.2%.

EPS (Diluted)

$0.21

YoY+110.0%

QoQ-12.5%

5Y CAGR+8.4%

Broadstone Net Lease, Inc. earned $0.21 per diluted share (EPS) in Q2 2026. This represents an increase of 110.0% from the same quarter a year earlier. Against the prior quarter it is down 12.5%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$46.4M

YoY-39.5%

QoQ-37.9%

5Y CAGR-0.4%

Broadstone Net Lease, Inc. generated $46.4M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 39.5% from the same quarter a year earlier. Against the prior quarter it is down 37.9%.

Cash & Debt

$11.1M

YoY-46.6%

QoQ-45.4%

5Y CAGR-32.5%

10Y CAGR-4.2%

Broadstone Net Lease, Inc. held $11.1M in cash against $2.7B in long-term debt as of Q2 2026.

Dividends Per Share

$0.29

YoY+0.9%

QoQ0.0%

Broadstone Net Lease, Inc. paid $0.29 per share in dividends in Q2 2026. This represents an increase of 0.9% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

192M

YoY+1.5%

QoQ+0.1%

5Y CAGR+3.9%

Broadstone Net Lease, Inc. had 192M shares outstanding in Q2 2026. This represents an increase of 1.5% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Margins & Returns

Net Margin

32.5%

YoY+14.7pp

QoQ-5.6pp

5Y change+7.5pp

10Y change+18.7pp

Broadstone Net Lease, Inc.'s net profit margin was 32.5% in Q2 2026, showing the share of revenue converted to profit. This is up 14.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.6 percentage points.

Return on Equity

1.4%

YoY+0.7pp

QoQ-0.2pp

5Y change+0.5pp

Broadstone Net Lease, Inc.'s quarterly ROE was 1.4% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$11.8M

YoY+352.3%

QoQ+764.9%

5Y CAGR+467.7%

Broadstone Net Lease, Inc. invested $11.8M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 352.3% from the same quarter a year earlier. Against the prior quarter it is up 764.9%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

BNL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BNL quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Revenue	$476.2M	$454.1M+5.2%	$431.8M-2.5%	$442.9M+8.7%	$407.5M+6.4%	$382.9M+19.0%	$321.6M+7.6%	$298.8M+25.8%	$237.5M+30.8%	$181.6M+27.1%	$142.9M+45.7%	$98.1M
SG&A Expenses	$41.9M	$38.9M+2.4%	$38.0M-3.6%	$39.4M+5.5%	$37.4M+2.8%	$36.4M+29.9%	$28.0M+413.0%	$5.5M-11.5%	$6.2M+24.8%	$4.9M+77.0%	$2.8M-10.5%	$3.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$84.9M+33.4%	$63.6M+50.1%	$42.4M
EBITDA	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$147.6M+34.9%	$109.5M+53.8%	$71.2M
Interest Expense	$104.3M	$94.5M+27.5%	$74.1M-7.5%	$80.1M+1.8%	$78.7M+22.6%	$64.1M-15.8%	$76.1M+5.0%	$72.5M+37.2%	$52.9M+52.1%	$34.8M+16.0%	$30.0M+32.6%	$22.6M
Income Tax	$1.3M	$1.2M-1.8%	$1.2M+54.0%	$763K	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$145.8M	$96.5M-40.6%	$162.4M+4.5%	$155.5M+27.3%	$122.1M+19.2%	$102.4M+100.1%	$51.2M-35.5%	$79.4M+14.4%	$69.4M+26.6%	$54.8M+50.7%	$36.4M+88.5%	$19.3M
EPS (Basic)	N/A	$0.51-40.7%	$0.86+3.6%	$0.83+15.3%	$0.72+7.5%	$0.67+52.3%	$0.44	$0.83-3.5%	$0.86	$3.21+16.3%	$2.76+28.4%	$2.15
EPS (Diluted)	$0.76	$0.50-41.9%	$0.86+3.6%	$0.83+15.3%	$0.72+7.5%	$0.67+52.3%	$0.44	$0.83-3.5%	$0.86	$3.21+16.3%	$2.76+28.4%	$2.15
Diluted Shares (Avg)	N/A	198M+0.5%	197M+0.2%	196M+8.9%	180M+9.9%	164M+27.3%	129M	103M+17.4%	88M	19M+27.2%	15M+49.9%	10M

Metric	Q2'2610-Q/A	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q/A	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$122.3M+8.3%	$121.4M+11.7%	$118.3M+5.5%	$114.2M+5.3%	$113.0M+6.7%	$108.7M+3.2%	$112.1M+6.8%	$108.4M-1.0%
SG&A Expenses	$11.9M+24.3%	$10.3M+7.0%	$9.7M-2.6%	$10.0M+14.4%	$9.6M-3.4%	$9.7M+2.5%	$9.9M+5.8%	$8.7M-14.0%
Interest Expense	$25.8M+22.1%	$25.3M+25.8%	$25.1M+28.0%	$28.2M+55.3%	$21.1M+18.9%	$20.1M+8.1%	$19.6M+3.1%	$18.2M-7.6%
Income Tax	$346K+73.9%	$311K-12.4%	$392K	$208Kn/m	$199K-62.5%	$355K	N/A	-$291K
Net Income	$39.8M+97.4%	$46.4M+176.9%	$33.1M+25.5%	$26.5M-25.7%	$20.2M-42.9%	$16.7M-74.3%	$26.4M+307.4%	$35.6M-28.3%
EPS (Basic)	$0.21+90.9%	$0.24+166.7%	$0.18+28.6%	$0.14-26.3%	$0.11-42.1%	$0.09-74.3%	$0.14+366.7%	$0.19-29.6%
EPS (Diluted)	$0.21+110.0%	$0.24+166.7%	$0.17+21.4%	$0.14-26.3%	$0.10-47.4%	$0.09-74.3%	$0.14+366.7%	$0.19-26.9%
Diluted Shares (Avg)	200M+1.6%	200M+1.5%	N/A	198M+0.4%	197M+0.3%	197M+0.2%	N/A	197M+0.3%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

BNL Balance Sheet

BNL quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Total Assets	$5.7B+9.6%	$5.2B-1.0%	$5.3B-3.5%	$5.5B+18.2%	$4.6B+8.5%	$4.3B+8.7%	$3.9B+26.5%	$3.1B+20.1%	$2.6B+32.1%	$2.0B	N/A
Cash & Equivalents	$30.5M+105.7%	$14.8M-23.8%	$19.5M-10.5%	$21.8M+0.6%	$21.7M-78.4%	$100.5M+706.8%	$12.5M-33.1%	$18.6M+99.0%	$9.4M-56.8%	$21.6M-20.0%	$27.1M
Accounts Receivable	N/A	$162.7M+6.5%	$152.7M+12.6%	$135.7M+16.1%	$116.9M+14.5%	$102.1M+20.8%	$84.5M+22.1%	$69.2M+33.1%	$52.0M+42.2%	$36.6M	N/A
Goodwill	$339.8M0.0%	$339.8M0.0%	$339.8M0.0%	$339.8M0.0%	$339.8M0.0%	$339.8Mn/m	$0	N/A	N/A	N/A	N/A
Total Liabilities	$2.7B+29.3%	$2.1B0.0%	$2.1B-5.5%	$2.2B+16.9%	$1.9B+5.5%	$1.8B-16.8%	$2.1B+36.4%	$1.6B+21.1%	$1.3B+35.8%	$953.5M	N/A
Long-Term Debt	$2.5B+31.4%	$1.9B0.0%	$1.9B-5.6%	$2.0B+19.7%	$1.7B+9.8%	$1.5B-22.2%	$2.0B+37.2%	$1.5B+22.8%	$1.2B+54.5%	$764.6M	N/A
Total Equity	$2.9B-3.4%	$3.0B-1.5%	$3.0B-1.4%	$3.1B+20.0%	$2.6B+12.1%	$2.3B+37.9%	$1.7B+17.7%	$1.4B+19.4%	$1.2B+30.2%	$911.8M	N/A

Metric	Q2'2610-Q/A	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q/A	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$5.9B+10.1%	$5.8B+11.6%	$5.7B+9.6%	$5.5B+4.9%	$5.3B+1.2%	$5.2B-0.6%	$5.2B-1.0%	$5.3B-1.3%
Cash & Equivalents	$11.1M-46.6%	$20.3M+111.5%	$30.5M+105.7%	$82.0M+810.8%	$20.8M+13.7%	$9.6M-95.7%	$14.8M-23.8%	$9.0M-74.3%
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	$166.4M+11.6%	$162.7M+6.5%	$158.3M+4.0%
Goodwill	$339.8M0.0%	$339.8M0.0%	$339.8M0.0%	$339.8M0.0%	$339.8M0.0%	$339.8M0.0%	$339.8M0.0%	$339.8M0.0%
Total Liabilities	$2.9B+24.7%	$2.8B+30.9%	$2.7B+29.3%	$2.5B+18.0%	$2.3B+10.8%	$2.2B+5.1%	$2.1B0.0%	$2.1B+3.2%
Long-Term Debt	$2.7B+26.6%	$2.7B+32.7%	$2.5B+31.4%	$2.4B+20.5%	$2.1B+11.3%	$2.0B+5.2%	$1.9B0.0%	$2.0B+2.6%
Total Equity	$2.9B-0.9%	$2.9B-1.9%	$2.9B-3.4%	$2.9B-3.8%	$2.9B-4.8%	$2.9B-4.0%	$3.0B-1.5%	$3.0B-3.9%

Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Long-Term Investments, Current Liabilities, Non-Current Liabilities, Retained Earnings.

BNL Cash Flow Statement

BNL quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Operating Cash Flow	$283.0M	$299.5M+8.4%	$276.3M+1.9%	$271.1M+5.9%	$255.9M+4.5%	$244.9M+36.8%	$179.0M+21.5%	$147.4M+15.1%	$128.0M+30.7%	$97.9M+45.8%	$67.2M+74.0%	$38.6M
Depreciation & Amortization	N/A	$159.6M+5.2%	$151.8M-0.7%	$152.8M+1.9%	$150.0M+16.4%	$128.9M-2.0%	$131.6M+24.8%	$105.4M+26.0%	$83.7M+33.4%	$62.8M+36.9%	$45.8M+59.1%	$28.8M
Stock-Based Compensation	N/A	$9.6M+30.5%	$7.4M+15.7%	$6.4M+19.6%	$5.3M+13.9%	$4.7M+134.7%	$2.0M	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	$25.9M	$29.7M+76.9%	$16.8M-63.7%	$46.3M+47.4%	$31.4M+1863.3%	$1.6M-85.2%	$10.8M+113.9%	$5.1M-2.0%	$5.2M-24.0%	$6.8M+249.9%	$1.9M-81.6%	$10.6M
Free Cash Flow	$257.1M	$269.8M+4.0%	$259.5M+15.4%	$224.8M+0.1%	$224.5M-7.7%	$243.3M+44.7%	$168.2M+18.2%	$142.3M+15.8%	$122.9M+34.8%	$91.2M+39.7%	$65.3M+132.6%	$28.1M
Investing Cash Flow	-$664.6M	-$675.3Mn/m	-$59.7M-345.3%	$24.3Mn/m	-$859.6Mn/m	-$582.3Mn/m	-$60.2Mn/m	-$831.7Mn/m	-$510.5Mn/m	-$611.8Mn/m	-$470.6M	N/A
Financing Cash Flow	$372.5M	$393.4Mn/m	-$221.2Mn/m	-$334.8M-152.6%	$636.0M+150.0%	$254.4Mn/m	-$28.4M-104.1%	$685.7M+75.2%	$391.3M-21.9%	$500.9M+25.4%	$399.4M	N/A
Dividends Paid	$219.2M	$218.8M+0.9%	$216.8M+4.5%	$207.5M+14.5%	$181.2M+17.3%	$154.5M+115.9%	$71.5M+15.4%	$62.0M+19.5%	$51.8M+16.4%	$44.5M+24.7%	$35.7M+50.1%	$23.8M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$34.6M+239.1%	$10.2M+8.1%	$9.4M+15.8%	$8.2M+167.0%	$3.1M

Metric	Q2'2610-Q/A	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q/A	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$58.2M-26.6%	$76.1M+6.5%	$84.6M+32.3%	$64.2M-4.6%	$79.3M+6.9%	$71.5M+0.8%	$63.9M+5.5%	$67.3M-8.9%
Depreciation & Amortization	$49.1M+15.3%	$40.5M+5.4%	$40.8M-3.0%	$40.2M+5.9%	$42.6M+13.8%	$38.4M+4.6%	$42.0M+9.8%	$38.0M-1.3%
Stock-Based Compensation	N/A	$2.6M+19.5%	N/A	N/A	N/A	$2.1M+45.6%	N/A	N/A
Capital Expenditures	$11.8M+352.3%	$1.4M-90.5%	$6.6M+2.2%	$6.2M-12.5%	$2.6M+1416.3%	$14.3M+358.1%	$6.4M-61.6%	$7.0M+20.2%
Free Cash Flow	$46.4M-39.5%	$74.7M+30.8%	$78.0M+35.7%	$58.0M-3.7%	$76.7M+3.6%	$57.1M-15.7%	$57.5M+31.3%	$60.3M-11.4%
Investing Cash Flow	-$43.5Mn/m	-$162.4Mn/m	-$284.6M-1141.1%	-$174.1Mn/m	-$131.3Mn/m	-$85.3M-141.8%	$27.3Mn/m	-$65.6M-254.3%
Financing Cash Flow	-$23.4M-137.2%	$74.4M+734.0%	$150.4Mn/m	$171.2Mn/m	$62.9Mn/m	$8.9Mn/m	-$86.5Mn/m	-$10.4Mn/m
Dividends Paid	$56.1M+1.7%	$55.7M-0.9%	$54.9M+0.2%	$52.5M-1.9%	$55.2M+2.3%	$56.2M+3.2%	$54.8M+4.4%	$53.5M+4.0%

Not reported in any period shown, so not listed: Share Buybacks.

BNL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

BNL quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	46.8%+2.2pp	44.5%+1.3pp	43.2%
Net Margin	21.3%-16.4pp	37.6%+2.5pp	35.1%+5.1pp	30.0%+3.2pp	26.8%+10.8pp	15.9%-10.7pp	26.6%-2.6pp	29.2%-1.0pp	30.2%+4.7pp	25.4%+5.8pp	19.7%
Return on Equity	3.3%-2.1pp	5.4%+0.3pp	5.1%+1.1pp	4.0%0.0pp	4.0%+1.7pp	2.2%-2.5pp	4.8%-0.1pp	4.9%+0.3pp	4.6%+0.6pp	4.0%	N/A
Return on Assets	1.7%-1.4pp	3.1%+0.2pp	2.9%+0.7pp	2.2%0.0pp	2.2%+1.0pp	1.2%-0.8pp	2.0%-0.2pp	2.2%+0.1pp	2.1%+0.3pp	1.9%	N/A
Debt-to-Equity	0.87+0.2x	0.640.0x	0.630.0x	0.660.0x	0.660.0x	0.67-0.5x	1.19+0.2x	1.020.0x	1.00+0.2x	0.84	N/A
Liabilities-to-Equity	0.92+0.2x	0.690.0x	0.680.0x	0.710.0x	0.730.0x	0.77-0.5x	1.28+0.2x	1.110.0x	1.090.0x	1.05	N/A
Asset Turnover	0.080.0x	0.080.0x	0.080.0x	0.070.0x	0.080.0x	0.080.0x	0.080.0x	0.080.0x	0.070.0x	0.07	N/A
FCF Margin	59.4%-0.7pp	60.1%+9.3pp	50.8%-4.3pp	55.1%-8.5pp	63.6%+11.3pp	52.3%+4.7pp	47.6%-4.1pp	51.7%+1.5pp	50.2%+4.5pp	45.7%+17.1pp	28.6%

Metric	Q2'2610-Q/A	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q/A	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	32.5%+14.7pp	38.2%+22.8pp	28.0%+4.5pp	23.2%-9.7pp	17.8%-15.5pp	15.4%-46.4pp	23.5%+17.4pp	32.9%-12.5pp
Return on Equity	1.4%+0.7pp	1.6%+1.0pp	1.1%+0.3pp	0.9%-0.3pp	0.7%-0.5pp	0.6%-1.6pp	0.9%+0.7pp	1.2%-0.4pp
Return on Assets	0.7%+0.3pp	0.8%+0.5pp	0.6%+0.1pp	0.5%-0.2pp	0.4%-0.3pp	0.3%-0.9pp	0.5%+0.4pp	0.7%-0.2pp
Debt-to-Equity	0.93+0.2x	0.92+0.2x	0.87+0.2x	0.82+0.2x	0.73+0.1x	0.68+0.1x	0.640.0x	0.650.0x
Liabilities-to-Equity	0.99+0.2x	0.98+0.2x	0.92+0.2x	0.87+0.2x	0.79+0.1x	0.73+0.1x	0.690.0x	0.710.0x
Asset Turnover	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x
FCF Margin	37.9%-29.9pp	61.6%+9.0pp	65.9%+14.7pp	50.8%-4.8pp	67.9%-2.0pp	52.5%-11.8pp	51.2%+9.5pp	55.6%-6.5pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Broadstone Net Lease, Inc. BNL	FY2025	$454.1M	$96.5M	21.3%	$3.3B	65/100
EMPIRE STATE REALTY TRUST, INC. ESRT	FY2025	$768.3M	$43.4M	5.7%	$872.6M	58/100
Global Net Lease, Inc. GNL	FY2025	$495.3M	-$269.2M	-54.4%	$1.7B	18/100
AMERICAN ASSETS TRUST, INC. AAT	FY2025	$436.2M	$55.6M	12.8%	$1.3B	45/100
W.P. Carey Inc. (REIT) WPC	FY2025	$1.7B	$466.4M	27.2%	$14.7B	55/100
Safehold Inc. SAFE	FY2025	$385.6M	$114.5M	29.7%	$789.6M	44/100

Where Broadstone Net Lease, Inc. Ranks

Frequently Asked Questions

What is Broadstone Net Lease, Inc.'s annual revenue?

Broadstone Net Lease, Inc. (BNL) reported $454.1M in total revenue for fiscal year 2025. This represents a 5.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Broadstone Net Lease, Inc.'s revenue growing?

Broadstone Net Lease, Inc. (BNL) revenue grew by 5.2% year-over-year, from $431.8M to $454.1M in fiscal year 2025.

Is Broadstone Net Lease, Inc. profitable?

Yes, Broadstone Net Lease, Inc. (BNL) reported a net income of $145.8M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $96.5M, with a net profit margin of 21.3%.

How much debt does Broadstone Net Lease, Inc. have?

As of fiscal year 2025, Broadstone Net Lease, Inc. (BNL) had $30.5M in cash and equivalents against $2.5B in long-term debt.

What is Broadstone Net Lease, Inc.'s net profit margin?

Broadstone Net Lease, Inc. (BNL) had a net profit margin of 21.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Broadstone Net Lease, Inc. pay dividends?

Yes, Broadstone Net Lease, Inc. (BNL) paid $1.16 per share in dividends during fiscal year 2025.

What is Broadstone Net Lease, Inc.'s return on equity (ROE)?

Broadstone Net Lease, Inc. (BNL) has a return on equity of 3.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Broadstone Net Lease, Inc.'s free cash flow?

Broadstone Net Lease, Inc. (BNL) generated $269.8M in free cash flow during fiscal year 2025. This represents a 4.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Broadstone Net Lease, Inc.'s operating cash flow?

Broadstone Net Lease, Inc. (BNL) generated $299.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Broadstone Net Lease, Inc.'s total assets?

Broadstone Net Lease, Inc. (BNL) had $5.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Broadstone Net Lease, Inc.'s capital expenditures?

Broadstone Net Lease, Inc. (BNL) invested $29.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Broadstone Net Lease, Inc. have outstanding?

Broadstone Net Lease, Inc. (BNL) had 191M shares outstanding as of fiscal year 2025.

What is Broadstone Net Lease, Inc.'s debt-to-equity ratio?

Broadstone Net Lease, Inc. (BNL) had a debt-to-equity ratio of 0.87 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is Broadstone Net Lease, Inc.'s liabilities-to-equity ratio?

Broadstone Net Lease, Inc. (BNL) had a liabilities-to-equity ratio of 0.92 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is Broadstone Net Lease, Inc.'s return on assets (ROA)?

Broadstone Net Lease, Inc. (BNL) had a return on assets of 1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Broadstone Net Lease, Inc.'s P/E ratio?

Broadstone Net Lease, Inc. (BNL) trades at 22.7x earnings, its market capitalization divided by $145.8M net income, trailing 12 months to June 30, 2026. The market capitalization is $3.3B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Broadstone Net Lease, Inc.'s price-to-sales ratio?

Broadstone Net Lease, Inc. (BNL) trades at 6.9x sales, its market capitalization divided by $476.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.3B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Broadstone Net Lease, Inc.'s Piotroski F-Score?

Broadstone Net Lease, Inc. (BNL) has a Piotroski F-Score of 3 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Broadstone Net Lease, Inc.'s earnings high quality?

Broadstone Net Lease, Inc. (BNL) has an earnings quality ratio of 3.10x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Broadstone Net Lease, Inc.?

Broadstone Net Lease, Inc. (BNL) scores 65 out of 100 on our Financial Health Score, indicating strong standing within its REITs peer group. The score is the average of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Broadstone Net Lease, Inc. it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.