Filing Flows › Broadstone Net Lease (BNL) › Q3 2026 › vs Q3 2025
Broadstone Net Lease (BNL) Q3 2026 vs Q3 2025 (year over year)
Broadstone Net Lease's revenue rose $7.7M (+7%) from $114M in Q3 2025 to $122M in Q3 2026. Operating margin 42.3% against 44.5% (-2.2 pts).
Broadstone Net Lease, Q3 2026: revenue $122M (+7% year over year), operating margin 42.3%, net earnings $27.1M, operating cash flow $87.6M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 42.3% | 44.5% | -2.2 pts |
| Net margin | 22.3% | 23.2% | -0.9 pts |
| Free cash flow margin | 52.4% | 50.8% | +1.6 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $122M | $114M | $7.7M | +7% |
| Operating profit | $51.5M | $50.8M | $740K | +1% |
| Costs & expenses | $70.4M | $63.4M | $7.0M | +11% |
| Pre-tax earnings | $28.4M | $27.3M | $1.1M | +4% |
| Other expense, net | $23.1M | $23.5M | −$382K | -2% |
| General & admin | $10.8M | $10.0M | $803K | +8% |
| Other operating costs | $59.6M | $53.4M | $6.2M | +12% |
| Net earnings | $27.1M | $26.5M | $651K | +2% |
| Minority interests | $1.0M | $599K | $423K | +71% |
| Income tax | $256K | $208K | $48K | +23% |
| Depreciation & amortization | $49.8M | $39.0M | $10.7M | +27% |
| Share-based compensation | $3.3M | $2.5M | $787K | +32% |
| Working capital & other | $7.5M | −$3.8M | $11.3M | — |
| Operating cash flow | $87.6M | $64.2M | $23.4M | +37% |
| Free cash flow (OCF − capex) | $63.9M | $58.0M | $5.8M | +10% |
| Capital expenditures | $23.8M | $6.2M | $17.6M | +286% |
Questions
How much did Broadstone Net Lease's revenue grow year over year in Q3 2026?
Broadstone Net Lease's revenue rose $7.7M (+7%) from $114M in Q3 2025 to $122M in Q3 2026. Operating margin 42.3% against 44.5% (-2.2 pts).