Financials in USD. Standardized financial statements.
A compact view of how NNN REIT, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $926.21M | $869.27M | $828.11M | $773.05M | $726.41M | $660.68M | $670.49M | $622.66M | $584.93M | $533.65M |
| Revenue Growth? | +6.6% | +5.0% | +7.1% | +6.4% | +9.9% | -1.5% | +7.7% | +6.4% | +9.6% | 0.0% |
| Cost of Revenue? | $574.26M | $32.32M | $28.38M | $26.28M | $28.39M | $28.36M | $27.66M | $25.10M | $23.11M | $20.85M |
| Gross Profit? | $351.95M | $836.95M | $799.73M | $746.77M | $698.02M | $632.32M | $642.83M | $597.56M | $561.83M | $512.79M |
| Gross Margin? | +38.0% | +96.3% | +96.6% | +96.6% | +96.1% | +95.7% | +95.9% | +96.0% | +96.0% | +96.1% |
| Operating Expenses? | -$217.91M | $259.08M | $244.63M | $264.24M | $248.93M | $257.83M | $226.31M | $172.80M | $187.67M | $176.54M |
| Operating Income? | $569.87M | $577.87M | $555.10M | $482.54M | $449.10M | $374.49M | $416.78M | $424.76M | $337.50M | $309.07M |
| EBITDA? | $860.48M | $830.53M | $794.86M | $706.52M | $633.20M | $554.85M | $608.50M | $582.73M | $548.20M | $484.96M |
| Income Before Tax | $389.78M | $396.83M | $392.34M | $334.62M | $290.11M | $228.80M | $299.61M | $292.49M | $228.72M | $212.32M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income? | $389.78M | $396.83M | $392.34M | $334.63M | $290.11M | $228.80M | $299.18M | $292.45M | $264.97M | $239.50M |
| EPS? | $2.07 | $2.16 | $2.16 | $1.89 | $1.51 | $1.22 | $1.56 | $1.65 | $1.45 | $1.39 |
| Diluted EPS? | $2.07 | $2.15 | $2.16 | $1.89 | $1.51 | $1.22 | $1.56 | $1.65 | $1.45 | $1.38 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality