Global Net Lease GNL Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 36%+17.3pp | 22.4%-10.6pp | 11%— | 15.7%— | 18.6%— | |
| EBITDA margin | 73.3%+15.8pp | 61%-10.1pp | 49.1%-20.1pp | 54.1%+2.6pp | 57.6%+16.4pp | |
| Free cash flow margin | 37.7%-1.8pp | 38.2%-6.3pp | 39.3%-1.1pp | 37.7%— | 39.5%— | |
| Returns | ||||||
| Return on invested capital | 10.3%+5.5pp | 6.2%-1.9pp | 3%-4.0pp | 4.1%+0.6pp | 4.9%+4.5pp | |
| Efficiency | ||||||
| Asset turnover | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Debt-to-assets | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Net debt / EBITDA | -0.2×+0.1× | -0.5×-0.2× | -0.5×-0.3× | -0.4×-0.1× | -0.3×+0.1× | |
| Interest coverage | 0.9×+0.5× | 0.6×-0.2× | 0.3×-0.4× | 0.4×+0.1× | 0.4×+0.4× | |
| Per Share | ||||||
| Book value per share | $7.29-12.3% | $7.45-21.5% | $7.70-21.9% | $8.22-21.8% | $8.32-24.1% | |
| Valuation | ||||||
| Market capitalization | $2B+8.0% | $1.89B+12.0% | $1.8B-7.4% | $1.68B-1.0% | $1.86B+3.7% | |
| Enterprise value | $1.92B+9.8% | $1.75B+11.7% | $1.67B-10.2% | $1.57B-2.9% | $1.75B+2.6% | |
| Price / sales | 4.2×+0.9× | 3.8×+0.9× | 3.5×+0.1× | 3.1×+0.1× | 3.3×-0.2× | |
| Price / book | 1.3×+0.3× | 1.1×+0.4× | 1.1×+0.2× | 0.9×+0.2× | 1×+0.3× | |
| EV / EBITDA | 5.5×+0.1× | 5.8×+1.9× | 6.6×+1.9× | 5.5×-0.3× | 5.5×-2.8× | |
| EV / sales | 4.1×+0.9× | 3.5×+0.8× | 3.2×0.0× | 2.9×0.0× | 3.2×-0.3× | |
| Free cash flow yield | 8.9%-2.9pp | 10%-5.0pp | 11.3%-0.6pp | 12%— | 11.8%— | |
| Dividend yield | 8.5%-5.3pp | 10.2%-6.0pp | 11.9%-3.1pp | 14%-1.9pp | 13.7%-0.1pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Global Net Lease's profit margins?
- Global Net Lease (GNL) runs a 89.4% gross margin and a 36.0% operating margin, with a -54.3% net margin.
- Where do Global Net Lease's ratios come from?
- Every ratio is computed from Global Net Lease's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.