Thursday 5 November 2026
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Broadstone Net Lease, Inc.
BNL Real Estate Reit Diversified
Broadstone Net Lease, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $454.1 million, up 5.17% from fiscal 2024.
- Revenue
- +6.74%
- EPS
- +5.36%
- Free cash flow
- −35.3%
- Total debt
- +35.9%
Quarter to September 2026, against a year earlier
18.02
0.04
+0.22%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
6 | 6 | 8 | 5 | 7 | — | — | — | — | — |
P/E ratio |
34.06 | 18.23 | 21.14 | 22.49 | 37.61 | 42.48 | 10.72 | 10.72 | 10.72 | 10.72 |
P/S ratio |
7.20 | 6.89 | 7.39 | 6.75 | 9.92 | 8.76 | 0.00 | 0.00 | 0.00 | 0.00 |
P/FCF ratio |
0.00 | 13.72 | 11.09 | 0.00 | 0.00 | 15.74 | 4.42 | 4.42 | 4.42 | 4.42 |
P/Operating CF |
38.64 | 46.52 | 54.06 | 45.49 | 65.93 | 61.17 | 44.74 | 44.74 | 44.74 | 44.74 |
P/B ratio |
1.08 | 0.95 | 1.03 | 0.84 | 1.39 | 1.14 | 1.10 | 1.10 | 1.10 | 1.10 |
Price to Tangible BV |
1.21 | 1.06 | 1.15 | 0.94 | 1.58 | 1.32 | 1.10 | 1.10 | 1.10 | 1.10 |
EV/Sales |
10.34 | 9.14 | 9.46 | 9.25 | 12.34 | 11.44 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/EBITDA |
13.28 | 12.35 | 12.06 | 11.04 | 15.72 | 14.40 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
15.67 | 14.29 | 15.46 | 14.73 | 19.28 | 20.55 | 4.92 | 4.92 | 4.92 | 4.92 |
EV/FCF |
(12.53) | 18.22 | 14.19 | (6.24) | (13.98) | 20.55 | 4.40 | 4.40 | 4.40 | 4.40 |
Quick Ratio |
0.08 | 0.09 | 0.09 | 0.08 | 0.08 | 0.13 | 0.05 | 0.00 | 0.00 | 0.00 |
Current Ratio |
0.08 | 0.09 | 0.09 | 0.08 | 0.08 | 0.13 | 0.05 | — | — | — |
Net Debt/EBITDA |
3.48 | 3.05 | 2.64 | 2.99 | 3.08 | 3.37 | 0.76 | (0.08) | 0.00 | 0.00 |
Debt/Assets |
22.04% | 18.98% | 17.76% | 19.09% | 20.48% | 22.57% | 5.04% | 0.00% | 48.82% | 46.82% |
Debt/Equity |
0.42 | 0.32 | 0.29 | 0.32 | 0.35 | 0.39 | 0.11 | 0.00 | 1.06 | 1.00 |
Asset Turnover |
0.08 | 0.08 | 0.08 | 0.08 | 0.09 | 0.08 | 0.09 | 0.18 | 0.08 | 0.08 |
Operating CF/Net income |
3.10 | 1.70 | 1.74 | 2.10 | 2.39 | 3.50 | 1.86 | 1.85 | 1.95 | 1.87 |
Capex/Depreciation |
(4.08) | (0.38) | 0.15 | (5.60) | (4.39) | (0.21) | (7.72) | (6.17) | — | — |
Interest Coverage |
2.00 | 2.21 | 2.39 | 2.39 | 2.62 | 1.58 | 1.86 | 2.07 | 0.00 | 0.00 |
| 3.13% | 5.13% | 4.82% | 4.07% | 3.92% | 2.40% | 4.97% | 5.33% | 4.78% | 4.54% | |
| 1.77% | 3.10% | 2.90% | 2.42% | 2.31% | 1.25% | 2.44% | 5.38% | 2.22% | 2.10% | |
ROIC |
2.76% | 2.49% | 2.90% | 2.74% | 2.86% | 2.26% | 4.30% | 0.00% | 0.00% | 0.00% |
Return on Tangible Assets |
3.93% | 6.36% | 5.99% | 4.73% | 4.63% | 2.55% | 5.18% | 0.00% | 0.00% | 0.00% |
Average Days of Receivables |
147.31 | 140.32 | 127.09 | 122.72 | 112.67 | 117.70 | 104.40 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
8.56% | 8.80% | 8.90% | 9.17% | 9.50% | 8.70% | 1.83% | 2.59% | 0.00% | 0.00% |
Intangible Assets out of Total Assets |
0.06 | 0.07 | 0.06 | 0.06 | 0.07 | 0.08 | 0.08 | 0.00 | 0.09 | 0.09 |
Share Based Compensation of Revenue |
2.11% | 1.70% | 1.44% | 1.30% | 1.22% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.76) | (0.64) | (0.58) | (0.74) | (0.46) | (0.56) | 0.06 | 0.06 | 0.06 | 0.06 |
Graham Number |
13.60 | 18.11 | 17.88 | 17.64 | 16.31 | 13.37 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
2.94% | 5.49% | 4.73% | 4.45% | 2.66% | 2.35% | 9.33% | 9.33% | 9.33% | 9.33% |
Free Cash Flow Yield |
(11.46%) | 7.29% | 9.02% | (21.96%) | (8.89%) | 6.35% | 22.64% | 22.64% | 22.64% | 22.64% |
Revenue per Share |
2.41 | 2.30 | 2.37 | 2.40 | 2.50 | 2.75 | 3.12 | 2.93 | 10.39 | 0.00 |
Operating CF per Share |
1.59 | 1.47 | 1.45 | 1.51 | 1.60 | 1.53 | 1.54 | 1.58 | 5.73 | 0.00 |
Capex per Share |
(3.58) | (0.32) | 0.13 | (5.06) | (3.81) | (0.24) | (8.69) | (6.51) | 0.00 | — |
Free Cash Flow per Share |
(1.99) | 1.16 | 1.58 | (3.56) | (2.21) | 1.28 | (7.15) | (4.93) | 5.73 | 0.00 |
Cash per Share |
0.16 | 0.08 | 0.10 | 0.13 | 0.14 | 0.86 | 0.13 | 0.23 | 0.59 | 0.00 |
Shareholders Equity per Share |
16.12 | 16.76 | 17.12 | 19.21 | 17.91 | 21.16 | 18.55 | 0.00 | 69.48 | 0.00 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
16.12 | 16.76 | 17.12 | 19.21 | 17.91 | 21.16 | 18.55 | 0.00 | 69.48 | 0.00 |
Free Cash Flow |
(374.58) | 216.75 | 295.29 | (603.79) | (337.88) | 150.35 | (685.95) | (399.35) | 97.94 | 67.19 |
Working Capital |
(2,367.44) | (1,787.10) | (1,790.29) | (1,918.98) | (1,593.98) | (1,376.68) | (1,924.22) | — | — | — |
Capital Expenditures |
(674.08) | (59.50) | 24.21 | (859.71) | (582.82) | (28.67) | (833.31) | (527.36) | (6.61) | (1.94) |
Net Current Asset Value |
(2,469.98) | (1,894.15) | (1,900.69) | (2,036.30) | (1,737.66) | (1,575.19) | (2,040.91) | 0.00 | (1,295.00) | (954.00) |
EV/EBIT |
24.91 | 24.09 | 21.95 | 20.05 | 28.16 | 30.49 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
1.48 | 0.14 | (0.05) | 2.11 | 1.52 | 0.09 | 2.79 | 2.22 | 0.00 | 0.00 |
Price to Operating Income |
17.34 | 18.14 | 17.15 | 14.62 | 22.65 | 23.35 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.03 | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 | 0.03 | 0.00 | — | — |
Cash ROIC |
(8.66%) | 5.23% | 7.12% | (13.96%) | (9.11%) | 4.25% | (34.49%) | (1,815.22%) | 3.99% | 3.63% |
Accounts Receivable Turnover |
2.60 | 2.70 | 3.04 | 3.19 | 3.45 | 3.40 | 3.16 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.42 | 0.51 | 0.47 | 0.51 | 0.50 | 0.58 | 2.52 | 99.06 | 0.00 | 0.00 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
Average Days of Payables |
954.66 | 722.64 | 768.51 | 797.07 | 752.15 | 613.97 | 295.88 | (7.91) | 0.00 | 0.00 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — |
Average Receivables |
174.64 | 160.10 | 145.61 | 127.60 | 110.95 | 94.59 | 94.59 | — | — | — |
Average Payables |
54.53 | 48.26 | 47.54 | 42.79 | 36.86 | 36.53 | 18.30 | 0.36 | 1.28 | 0.97 |
Average Assets |
5,466.84 | 5,242.58 | 5,363.17 | 5,038.13 | 4,438.57 | 4,088.17 | 3,248.43 | 1,289.50 | 2,265.50 | 1,708.00 |
Average Common Equity |
3,087.44 | 3,167.88 | 3,228.42 | 3,001.82 | 2,610.11 | 2,129.05 | 1,598.01 | 1,302.00 | 1,049.50 | 791.00 |
Columns are period end dates · fundamentals updated 2 Nov 2026