BNL Broadstone Net Lease margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 72

Gross margin

58.6%

Operating margin

46.6%

EBITDA margin

88.1%

Net margin

30.6%

Recent Broadstone Net Lease shows a gross margin of 58.6%, an operating margin of 46.6%, an EBITDA margin of 88.1%, and a net margin of 30.6%. The company's available margins all improved, with EBITDA margin showing the strongest expansion of 11.9 percentage points.

BNL margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Broadstone Net Lease's margins averaged 58.5% gross, 39.87% operating, 84.45% EBITDA, and 30.25% net. Compared with their three-year averages, all four current margins are higher.

BNL margin expansion

Year-over-year margin changes in percentage points

The biggest expansion was in EBITDA margin, which rose by 11.9 percentage points. The other available margins also improved.

Gross margin expansion

1pp

Operating margin expansion

8.1pp

EBITDA margin expansion

11.9pp

Net margin expansion

8.2pp

BNL Gross margin

The average gross margin for Broadstone Net Lease was 58.5% in the last 3 years. As of the latest period, the current gross margin for Broadstone Net Lease is 58.6%, 0.1 percentage points above its three-year average. The gross margin for Broadstone Net Lease moved between 57.6% in Jun 2025 and 59.3% in Mar 2026.

BNL Operating margin

Broadstone Net Lease recorded an average operating margin of 39.87% across the last 3 years. Right now, the current operating margin for Broadstone Net Lease is 46.6%, 6.7 percentage points above its three-year average. The operating margin for Broadstone Net Lease moved between 35.2% in Sep 2024 and 46.6% in Jun 2026.

BNL EBITDA margin

Looking back over the last 3 years, Broadstone Net Lease recorded an average EBITDA margin of 84.45%. Compared with its three-year average, Broadstone Net Lease's current EBITDA margin is 88.1% and is 3.7 percentage points above its three-year average. The highest EBITDA margin for Broadstone Net Lease was 95.5% in Mar 2024, while the lowest was 76.1% in Sep 2025.

BNL Net margin

Over the last 3 years, the average net margin for Broadstone Net Lease was 30.25%. The latest net margin for Broadstone Net Lease is 30.6%, 0.4 percentage points above its three-year average. Broadstone Net Lease's net margin ranged from a low of 20% in Sep 2025 to a high of 42.2% in Mar 2024.

BNL margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 58.6%, BNL stands below the Real Estate sector and the industry average. Compared to its Real Estate sector average of 63%, Broadstone Net Lease's gross margin is 7% lower.

BNL margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Broadstone Net Lease's gross margin?

For the period ending Jun 30, 2026, BNL recorded a gross margin of 58.6%.

What is Broadstone Net Lease's operating margin?

For the period ending Jun 30, 2026, BNL recorded an operating margin of 46.6%.

What is Broadstone Net Lease's EBITDA margin?

For the period ending Jun 30, 2026, BNL recorded an EBITDA margin of 88.1%.

What is Broadstone Net Lease's net margin?

The current net margin for BNL is 30.6% as of Jun 30, 2026.

What are the average margins of BNL?

Looking back over 3 years, BNL recorded average margins of 58.5% gross, 39.9% operating, 84.5% EBITDA, and 30.3% net.

What are the highest historical margins of BNL?

Looking back across 5 years, BNL reached 61% gross in Jun 2022, 49.2% operating in Sep 2023, 95.5% EBITDA in Mar 2024, and 42.2% net in Mar 2024.

What are the lowest historical margins of BNL?

Looking back across 5 years, BNL reached its lowest margins at 56.7% gross in Dec 2022, 35.2% operating in Sep 2024, 76.1% EBITDA in Sep 2025, and 20% net in Sep 2025.