BROADSTONE NET LEASE INC (BNL) Stock Fundamental Analysis

NYSE:BNL • US11135E2037

19.51 USD
-0.34 (-1.71%)
At close: Feb 18, 2026
19.51 USD
0 (0%)
After Hours: 2/18/2026, 8:16:50 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to BNL. BNL was compared to 123 industry peers in the Diversified REITs industry. While BNL has a great profitability rating, there are some minor concerns on its financial health. BNL does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year BNL was profitable.
  • In the past year BNL had a positive cash flow from operations.
  • Of the past 5 years BNL 4 years were profitable.
  • BNL had a positive operating cash flow in 4 of the past 5 years.
BNL Yearly Net Income VS EBIT VS OCF VS FCFBNL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M -600M -800M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 1.60%, BNL is in line with its industry, outperforming 58.54% of the companies in the same industry.
  • BNL has a Return On Equity (3.07%) which is in line with its industry peers.
  • BNL has a Return On Invested Capital of 3.22%. This is in the better half of the industry: BNL outperforms 61.79% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for BNL is in line with the industry average of 3.06%.
  • The last Return On Invested Capital (3.22%) for BNL is above the 3 year average (3.20%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 1.6%
ROE 3.07%
ROIC 3.22%
ROA(3y)2.75%
ROA(5y)2.33%
ROE(3y)4.79%
ROE(5y)4.11%
ROIC(3y)3.2%
ROIC(5y)3.14%
BNL Yearly ROA, ROE, ROICBNL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 1 2 3 4 5

1.3 Margins

  • BNL has a Profit Margin of 19.76%. This is in the better half of the industry: BNL outperforms 69.11% of its industry peers.
  • In the last couple of years the Profit Margin of BNL has grown nicely.
  • BNL's Operating Margin of 49.18% is amongst the best of the industry. BNL outperforms 91.06% of its industry peers.
  • In the last couple of years the Operating Margin of BNL has remained more or less at the same level.
  • BNL has a Gross Margin of 86.87%. This is amongst the best in the industry. BNL outperforms 86.99% of its industry peers.
  • In the last couple of years the Gross Margin of BNL has remained more or less at the same level.
Industry RankSector Rank
OM 49.18%
PM (TTM) 19.76%
GM 86.87%
OM growth 3Y-1.4%
OM growth 5Y1.29%
PM growth 3Y11.92%
PM growth 5Y7.05%
GM growth 3Y0.06%
GM growth 5Y0.13%
BNL Yearly Profit, Operating, Gross MarginsBNL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BNL is destroying value.
  • There is no outstanding debt for BNL. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
BNL Yearly Shares OutstandingBNL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
BNL Yearly Total Debt VS Total AssetsBNL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

  • Based on the Altman-Z score of 0.93, we must say that BNL is in the distress zone and has some risk of bankruptcy.
  • With a decent Altman-Z score value of 0.93, BNL is doing good in the industry, outperforming 70.73% of the companies in the same industry.
  • A Debt/Equity ratio of 0.81 indicates that BNL is somewhat dependend on debt financing.
  • BNL has a Debt to Equity ratio of 0.81. This is in the better half of the industry: BNL outperforms 71.54% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.81
Debt/FCF N/A
Altman-Z 0.93
ROIC/WACC0.48
WACC6.76%
BNL Yearly LT Debt VS Equity VS FCFBNL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 2.15 indicates that BNL has no problem at all paying its short term obligations.
  • BNL has a better Current ratio (2.15) than 86.99% of its industry peers.
  • A Quick Ratio of 2.15 indicates that BNL has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 2.15, BNL belongs to the top of the industry, outperforming 86.99% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.15
Quick Ratio 2.15
BNL Yearly Current Assets VS Current LiabilitesBNL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. Growth

3.1 Past

  • BNL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -18.39%.
  • Measured over the past years, BNL shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.47% on average per year.
EPS 1Y (TTM)-18.39%
EPS 3Y-0.47%
EPS 5YN/A
EPS Q2Q%171.43%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%5.5%

3.2 Future

  • Based on estimates for the next years, BNL will show a small growth in Earnings Per Share. The EPS will grow by 0.48% on average per year.
  • Based on estimates for the next years, BNL will show a small growth in Revenue. The Revenue will grow by 5.40% on average per year.
EPS Next Y-6.11%
EPS Next 2Y2.25%
EPS Next 3Y-4.1%
EPS Next 5Y0.48%
Revenue Next Year6.39%
Revenue Next 2Y7.65%
Revenue Next 3Y4.55%
Revenue Next 5Y5.4%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
BNL Yearly Revenue VS EstimatesBNL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 100M 200M 300M 400M 500M
BNL Yearly EPS VS EstimatesBNL Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.2 0.4 0.6 0.8 1

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 27.48, BNL can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of BNL indicates a somewhat cheap valuation: BNL is cheaper than 68.29% of the companies listed in the same industry.
  • BNL's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.27.
  • BNL is valuated quite expensively with a Price/Forward Earnings ratio of 29.27.
  • BNL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. BNL is cheaper than 79.67% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of BNL to the average of the S&P500 Index (28.16), we can say BNL is valued inline with the index average.
Industry RankSector Rank
PE 27.48
Fwd PE 29.27
BNL Price Earnings VS Forward Price EarningsBNL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • BNL's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 15.61
BNL Per share dataBNL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • BNL has a very decent profitability rating, which may justify a higher PE ratio.
  • A cheap valuation may be justified as BNL's earnings are expected to decrease with -4.10% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y2.25%
EPS Next 3Y-4.1%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 5.84%, BNL is a good candidate for dividend investing.
  • BNL's Dividend Yield is a higher than the industry average which is at 6.78.
  • BNL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.85.
Industry RankSector Rank
Dividend Yield 5.84%

5.2 History

  • BNL has been paying a dividend for over 5 years, so it has already some track record.
  • BNL has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
BNL Yearly Dividends per shareBNL Yearly Dividends per shareYearly Dividends per share 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • BNL pays out 247.00% of its income as dividend. This is not a sustainable payout ratio.
DP247%
EPS Next 2Y2.25%
EPS Next 3Y-4.1%
BNL Yearly Income VS Free CF VS DividendBNL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M -400M -600M -800M
BNL Dividend Payout.BNL Dividend Payout, showing the Payout Ratio.BNL Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

BROADSTONE NET LEASE INC

NYSE:BNL (2/18/2026, 8:16:50 PM)

After market: 19.51 0 (0%)

19.51

-0.34 (-1.71%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-18
Earnings (Next)04-28
Inst Owners86.2%
Inst Owner Change-0.2%
Ins Owners0.88%
Ins Owner Change0%
Market Cap3.69B
Revenue(TTM)N/A
Net Income(TTM)88.54M
Analysts80
Price Target20.66 (5.89%)
Short Float %2.47%
Short Ratio2.55
Dividend
Industry RankSector Rank
Dividend Yield 5.84%
Yearly Dividend1.15
Dividend Growth(5Y)N/A
DP247%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-23.63%
Min EPS beat(2)-41.76%
Max EPS beat(2)-5.49%
EPS beat(4)0
Avg EPS beat(4)-31.41%
Min EPS beat(4)-48.59%
Max EPS beat(4)-5.49%
EPS beat(8)2
Avg EPS beat(8)-13.4%
EPS beat(12)6
Avg EPS beat(12)8.49%
EPS beat(16)9
Avg EPS beat(16)10.75%
Revenue beat(2)1
Avg Revenue beat(2)0.04%
Min Revenue beat(2)-0.49%
Max Revenue beat(2)0.57%
Revenue beat(4)2
Avg Revenue beat(4)-0.68%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)0.57%
Revenue beat(8)3
Avg Revenue beat(8)-1.35%
Revenue beat(12)5
Avg Revenue beat(12)-0.69%
Revenue beat(16)6
Avg Revenue beat(16)-0.65%
PT rev (1m)-0.61%
PT rev (3m)3.85%
EPS NQ rev (1m)0%
EPS NQ rev (3m)7.14%
EPS NY rev (1m)-5.31%
EPS NY rev (3m)-9.26%
Revenue NQ rev (1m)-0.28%
Revenue NQ rev (3m)1.16%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)0.44%
Valuation
Industry RankSector Rank
PE 27.48
Fwd PE 29.27
P/S 8.24
P/FCF N/A
P/OCF 13.24
P/B 1.28
P/tB 1.62
EV/EBITDA 15.61
EPS(TTM)0.71
EY3.64%
EPS(NY)0.67
Fwd EY3.42%
FCF(TTM)-1.01
FCFYN/A
OCF(TTM)1.47
OCFY7.55%
SpS2.37
BVpS15.24
TBVpS12.01
PEG (NY)N/A
PEG (5Y)N/A
Graham Number15.61
Profitability
Industry RankSector Rank
ROA 1.6%
ROE 3.07%
ROCE 4.08%
ROIC 3.22%
ROICexc 3.27%
ROICexgc 3.72%
OM 49.18%
PM (TTM) 19.76%
GM 86.87%
FCFM N/A
ROA(3y)2.75%
ROA(5y)2.33%
ROE(3y)4.79%
ROE(5y)4.11%
ROIC(3y)3.2%
ROIC(5y)3.14%
ROICexc(3y)3.21%
ROICexc(5y)3.16%
ROICexgc(3y)3.71%
ROICexgc(5y)3.68%
ROCE(3y)4.05%
ROCE(5y)3.97%
ROICexgc growth 3Y-1.95%
ROICexgc growth 5Y4.16%
ROICexc growth 3Y-1.44%
ROICexc growth 5Y3.2%
OM growth 3Y-1.4%
OM growth 5Y1.29%
PM growth 3Y11.92%
PM growth 5Y7.05%
GM growth 3Y0.06%
GM growth 5Y0.13%
F-Score6
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0.81
Debt/FCF N/A
Debt/EBITDA 6.14
Cap/Depr 291.73%
Cap/Sales 104.76%
Interest Coverage 2.72
Cash Conversion 73.15%
Profit Quality N/A
Current Ratio 2.15
Quick Ratio 2.15
Altman-Z 0.93
F-Score6
WACC6.76%
ROIC/WACC0.48
Cap/Depr(3y)331.73%
Cap/Depr(5y)318.61%
Cap/Sales(3y)119.74%
Cap/Sales(5y)113.26%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-18.39%
EPS 3Y-0.47%
EPS 5YN/A
EPS Q2Q%171.43%
EPS Next Y-6.11%
EPS Next 2Y2.25%
EPS Next 3Y-4.1%
EPS Next 5Y0.48%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%5.5%
Revenue Next Year6.39%
Revenue Next 2Y7.65%
Revenue Next 3Y4.55%
Revenue Next 5Y5.4%
EBIT growth 1Y4.31%
EBIT growth 3Y2.63%
EBIT growth 5Y9.03%
EBIT Next Year98.67%
EBIT Next 3Y34.03%
EBIT Next 5YN/A
FCF growth 1Y-29.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y2.93%
OCF growth 3Y4.1%
OCF growth 5Y13.39%

BROADSTONE NET LEASE INC / BNL FAQ

What is the ChartMill fundamental rating of BROADSTONE NET LEASE INC (BNL) stock?

ChartMill assigns a fundamental rating of 4 / 10 to BNL.


Can you provide the valuation status for BROADSTONE NET LEASE INC?

ChartMill assigns a valuation rating of 2 / 10 to BROADSTONE NET LEASE INC (BNL). This can be considered as Overvalued.


Can you provide the profitability details for BROADSTONE NET LEASE INC?

BROADSTONE NET LEASE INC (BNL) has a profitability rating of 7 / 10.


How financially healthy is BROADSTONE NET LEASE INC?

The financial health rating of BROADSTONE NET LEASE INC (BNL) is 4 / 10.


Can you provide the expected EPS growth for BNL stock?

The Earnings per Share (EPS) of BROADSTONE NET LEASE INC (BNL) is expected to decline by -6.11% in the next year.