Broadstone Net Lease, Inc.
BNL NYSE· Real Estate Investment Trusts
Last close · Oct 23, 2026
$17.36
KIRA · Stoqly’s AI analyst, in plain words
- Broadstone Net Lease, Inc. had $454M of revenue in fiscal 2025, up 5.2% on the year before. Over five years, revenue changed +7.1% a year on average.
- Broadstone Net Lease, Inc. made $96.5M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew −17.3% a year.
- Free cash flow was $270M in fiscal 2025, 59.4% of revenue.
- Broadstone Net Lease, Inc. returned $219M to shareholders in fiscal 2025, 81% of free cash flow. The diluted share count rose 0.5%.
- Broadstone Net Lease, Inc. owes $2.5B more than it holds in cash.
Market cap
$3.5B
P/E
22.8x
Revenue
$454M
Net income
$96.5M
Free cash flow
$270M
Operating margin
—
Broadstone Net Lease, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+5.2%
Yes. Sales grew 5.2% last year.
Does it make a profit?
21.2%
Yes. It keeps 21.2% of every sale as profit.
Does profit turn into cash?
59.4%
Yes. 59.4% of sales ends up as free cash.
How healthy are the accounts?
3 / 7
Weak. It passes 3 of 7 health tests.
How is the share priced?
22.8x
One share costs 22.8 times its yearly profit per share.
What Broadstone Net Lease, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 19, 2026
- Legal name
- Broadstone Net Lease, Inc.
- CIK
- 0001424182
Broadstone Net Lease, Inc. · BNL
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $383M | $408M | $443M | $432M | $454M |
| Revenue growth | 19.0% | 6.4% | 8.7% | −2.5% | 5.2% |
| Net income | $102M | $122M | $155M | $162M | $96.5M |
| Net margin | 26.8% | 30.0% | 35.1% | 37.6% | 21.2% |
| Diluted EPS | $0.67 | $0.72 | $0.83 | $0.86 | $0.50 |
| Cash | |||||
| Cash from operations | $245M | $256M | $271M | $276M | $299M |
| Capital expenditure | $1.6M | $31.4M | $46.3M | $16.8M | $29.7M |
| Free cash flow | $243M | $225M | $225M | $259M | $270M |
| FCF margin | 63.6% | 55.1% | 50.8% | 60.1% | 59.4% |
| Dividends paid | $154M | $181M | $208M | $217M | $219M |
| Share count change | 27.3% | 9.9% | 8.9% | 0.2% | 0.5% |
| Debt and strength | |||||
| Cash and short-term investments | $21.7M | $21.8M | $19.5M | $14.8M | $30.5M |
| Debt incl. finance leases | $1.7B | $2.0B | $1.9B | $1.9B | $2.5B |
| Shareholders' equity | $2.6B | $3.1B | $3.0B | $3.0B | $2.9B |
| Returns and quality | |||||
| Return on equity | 4.2% | 4.3% | 5.1% | 5.4% | 3.3% |
| Return on tangible equity | 5.3% | 5.0% | 6.4% | 6.7% | 4.2% |
| Piotroski F-score | 5 | 4 | 6 | 4 | 3 |
Insiders bought, 12 months
$0.2M
1 insider
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Broadstone Net Lease, Inc. · BNL
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $17.36 a share, the company is worth $3.5B: 22.8 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001424182). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.