NNN REIT, Inc. (NNN) Earnings History
Annual and quarterly earnings data from 1990 to 2025
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 96.0% | 63.6% | 42.1% |
| 2024 | 96.3% | 66.5% | 45.7% |
| 2023 | 96.6% | 67.0% | 47.4% |
| 2022 | 96.6% | 62.4% | 43.3% |
| 2021 | 96.1% | 61.8% | 39.9% |
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NNN REIT, Inc. (NNN) Earnings Overview
As of March 1, 2026, NNN REIT, Inc. (NNN) reported trailing twelve-month net income of $390M, reflecting -0.0% year-over-year growth. The company earned $2.06 per diluted share over the past four quarters, with a net profit margin of 0.4%.
Looking at the long-term picture, NNN's 5-year EPS compound annual growth rate (CAGR) stands at +11.2%, showing solid earnings momentum. The company achieved its highest annual net income of $397M in fiscal 2024.
NNN REIT, Inc. maintains positive profitability with a gross margin of 1.0%, operating margin of 0.6%, and net margin of 0.4%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including O ($1.06B net income, 0.2% margin), FCPT ($112M net income, 0.4% margin), GTY ($74M net income, 0.4% margin), NNN has outperformed on profitability metrics. Compare NNN vs O →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
36 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $390M | -1.8% | $589M | $2.07 | 42.1% | 63.6% |
| 2024 | $397M | +1.1% | $578M | $2.15 | 45.7% | 66.5% |
| 2023 | $392M | +17.2% | $555M | $2.16 | 47.4% | 67.0% |
| 2022 | $335M | +15.3% | $483M | $1.89 | 43.3% | 62.4% |
| 2021 | $290M | +26.8% | $449M | $1.51 | 39.9% | 61.8% |
| 2020 | $229M | -23.5% | $374M | $1.22 | 34.6% | 56.7% |
| 2019 | $299M | +2.3% | $417M | $1.56 | 44.6% | 62.2% |
| 2018 | $292M | +10.4% | $425M | $1.65 | 47.0% | 68.2% |
| 2017 | $265M | +10.6% | $338M | $1.45 | 45.3% | 57.7% |
| 2016 | $240M | +21.1% | $309M | $1.38 | 44.9% | 57.9% |
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Start ComparisonFrequently Asked Questions
Is NNN growing earnings?
NNN TTM EPS: $2.06. Net income: $390M. Earnings growth: -0.0%.
What are NNN's profit margins?
NNN REIT, Inc. net margin is +0.4%, with operating margin at +0.6%. Below-average margins reflect competitive or cost pressures.
How consistent are NNN's earnings?
NNN earnings data spans 1990-2025. The current earnings trend is -0.0% YoY. Historical data enables comparison across business cycles.