Filing Flows › Broadstone Net Lease (BNL) › Q2 2026 › vs Q2 2025
Broadstone Net Lease (BNL) Q2 2026 vs Q2 2025 (year over year)
Broadstone Net Lease's revenue rose $9.3M (+8%) from $113M in Q2 2025 to $122M in Q2 2026. Operating margin 42.5% against 38.9% (+3.6 pts).
Broadstone Net Lease, Q2 2026: revenue $122M (+8% year over year), operating margin 42.5%, net earnings $39.8M, operating cash flow $58.2M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 42.5% | 38.9% | +3.6 pts |
| Net margin | 32.5% | 17.8% | +14.7 pts |
| Free cash flow margin | 37.9% | 67.9% | -29.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $122M | $113M | $9.3M | +8% |
| Operating profit | $51.9M | $43.9M | $8.0M | +18% |
| Costs & expenses | $70.4M | $69.1M | $1.3M | +2% |
| Pre-tax earnings | $40.6M | $20.0M | $20.6M | +103% |
| Other expense, net | $11.3M | $23.9M | −$12.5M | -52% |
| General & admin | $11.9M | $9.6M | $2.3M | +24% |
| Other operating costs | $58.5M | $59.5M | −$1.1M | -2% |
| Net earnings | $39.8M | $20.2M | $19.6M | +97% |
| Minority interests | $456K | −$330K | $786K | — |
| Income tax | $346K | $199K | $147K | +74% |
| Depreciation & amortization | $48.1M | $41.4M | $6.7M | +16% |
| Share-based compensation | $2.9M | $2.5M | $389K | +16% |
| Working capital & other | $32.6M | −$15.3M | $47.8M | — |
| Operating cash flow | $58.2M | $79.3M | −$21.1M | -27% |
| Free cash flow (OCF − capex) | $46.4M | $76.7M | −$30.3M | -40% |
| Capital expenditures | $11.8M | $2.6M | $9.2M | +352% |
Questions
How much did Broadstone Net Lease's revenue grow year over year in Q2 2026?
Broadstone Net Lease's revenue rose $9.3M (+8%) from $113M in Q2 2025 to $122M in Q2 2026. Operating margin 42.5% against 38.9% (+3.6 pts).