8 years of historical data (2018–2025) · Real Estate · REIT - Retail
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
NETSTREIT Corp. trades at 259.6x earnings, 33% above its 5-year average of 195.9x, sitting at the 100th percentile of its historical range. Compared to the Real Estate sector median P/E of 23.4x, the stock trades at a premium of 1011%. On a free-cash-flow basis, the stock trades at 15.8x P/FCF, 10% below the 5-year average of 17.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.7B | $1.5B | $1.1B | $1.2B | $924M | $886M | $412M | — | — |
| Enterprise Value | $1.7B | $1.5B | $2.0B | $1.8B | $1.4B | $1.1B | $511M | — | — |
| P/E Ratio → | 259.63 | 220.50 | — | 162.27 | 114.56 | 286.25 | 2436.25 | — | — |
| P/S Ratio | 8.89 | 7.62 | 7.22 | 9.38 | 9.99 | 15.18 | 12.23 | — | — |
| P/B Ratio | 1.20 | 1.02 | 0.81 | 0.91 | 0.87 | 1.12 | 0.78 | — | — |
| P/FCF | 15.83 | 13.56 | 12.01 | 14.41 | 18.70 | 28.80 | 32.48 | — | — |
| P/OCF | 15.83 | 13.56 | 12.01 | 14.40 | 18.25 | 28.13 | 32.35 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
NETSTREIT Corp.'s enterprise value stands at 12.6x EBITDA, 37% below its 5-year average of 20.0x. The Real Estate sector median is 13.6x, placing the stock at a 8% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.54 | 13.08 | 14.43 | 15.01 | 19.62 | 15.14 | — | — |
| EV / EBITDA | 12.59 | 10.77 | 17.20 | 20.20 | 21.97 | 29.72 | 16.31 | — | — |
| EV / EBIT | 34.24 | — | 91.85 | 65.48 | 80.53 | 175.98 | 429.21 | — | — |
| EV / FCF | — | 13.43 | 21.77 | 22.17 | 28.08 | 37.24 | 40.22 | — | — |
Margins and return-on-capital ratios measuring operating efficiency
NETSTREIT Corp. earns an operating margin of 25.7%, above the Real Estate sector average of 22.0%. Operating margins have expanded from 19.7% to 25.7% over the past 3 years, signaling improving operational efficiency. ROE of 0.5% is modest. ROIC of 2.1% represents below-average returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 99.9% | 99.9% | 89.2% | 87.8% | 88.9% | 91.4% | 83.0% | 91.6% | 92.7% |
| Operating Margin | 25.7% | 25.7% | 24.8% | 19.7% | 14.2% | 13.2% | 49.4% | 73.9% | -85.2% |
| Net Profit Margin | 3.5% | 3.5% | -8.0% | 5.6% | 8.8% | 5.2% | 2.2% | -39.6% | -85.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.5% | 0.5% | -0.9% | 0.6% | 0.9% | 0.5% | 0.2% | -2.8% | -6.2% |
| ROA | 0.3% | 0.3% | -0.6% | 0.4% | 0.6% | 0.3% | 0.1% | -2.1% | -6.1% |
| ROIC | 2.1% | 2.1% | 1.4% | 1.1% | 0.8% | 0.7% | 2.8% | 2.7% | -2.7% |
| ROCE | 2.1% | 2.1% | 1.9% | 1.4% | 1.1% | 0.9% | 2.9% | 3.9% | -6.1% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $14M exceeds total debt of $0, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.67 | 0.50 | 0.50 | 0.34 | 0.36 | 0.71 | 0.75 |
| Debt / EBITDA | — | — | 7.84 | 7.28 | 8.38 | 6.93 | 6.10 | 6.97 | — |
| Net Debt / Equity | — | -0.01 | 0.66 | 0.49 | 0.44 | 0.33 | 0.19 | 0.04 | 0.75 |
| Net Debt / EBITDA | -0.11 | -0.11 | 7.71 | 7.07 | 7.34 | 6.74 | 3.14 | 0.36 | — |
| Debt / FCF | — | -0.13 | 9.76 | 7.76 | 9.38 | 8.44 | 7.75 | 2.90 | — |
| Interest Coverage | — | — | 1.12 | 1.20 | 1.43 | 2.09 | 3.51 | 1.40 | -1.84 |
Net cash position: cash ($14M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
The current ratio has declined from 8.12x to 0.91x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | 0.91 | 8.12 | 1.24 | 0.23 | 22.72 | 74.86 | 23.64 |
| Quick Ratio | — | — | 0.91 | 8.12 | 1.24 | 0.23 | 22.72 | 74.86 | 23.64 |
| Cash Ratio | 0.06 | — | 0.06 | 0.69 | 0.52 | 0.10 | 18.90 | 70.58 | 0.47 |
| Asset Turnover | — | 0.07 | 0.07 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.07 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
NETSTREIT Corp. returns 4.1% to shareholders annually — split between a 4.0% dividend yield and 0.0% buyback yield. The earnings yield of 0.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.0% | 4.7% | 5.9% | 4.5% | 4.3% | 3.4% | 2.1% | — | — |
| Payout Ratio | — | — | — | 758.0% | 492.2% | 992.4% | 1211.2% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.4% | 0.5% | — | 0.6% | 0.9% | 0.3% | 0.0% | — | — |
| FCF Yield | 6.3% | 7.4% | 8.3% | 6.9% | 5.3% | 3.5% | 3.1% | — | — |
| Buyback Yield | 0.0% | 0.1% | 0.0% | 0.1% | 0.2% | 0.1% | 0.1% | — | — |
| Total Shareholder Yield | 4.1% | 4.8% | 5.9% | 4.5% | 4.5% | 3.5% | 2.2% | — | — |
| Shares Outstanding | — | $84M | $77M | $65M | $50M | $39M | $21M | $24M | $24M |
Compare NTST with 6 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| NTSTYou | $2B | 259.6 | 12.6 | 15.8 | 99.9% | 25.7% | 0.5% | 2.1% | — |
| O | $63B | 57.3 | 15.2 | 15.7 | 89.8% | 28.3% | 2.7% | 2.3% | — |
| NNN | $9B | 21.9 | 10.0 | 12.9 | 96.0% | 63.6% | 8.9% | 6.7% | — |
| FCPT | $3B | 23.4 | 17.6 | 14.4 | 95.4% | 55.7% | 7.3% | 4.5% | 5.4 |
| GTY | $2B | 23.4 | 15.8 | 14.9 | 40.2% | 54.9% | 7.8% | 4.6% | 5.6 |
| PINE | $292M | -89.6 | 7.1 | 11.3 | 86.9% | 21.7% | -1.1% | 2.2% | — |
| ADC | $236M | 45.5 | 5.5 | 0.5 | 92.7% | 47.4% | 3.3% | 2.9% | 5.1 |
| Real Estate Median | — | 23.4 | 13.6 | 13.7 | 60.4% | 22.0% | 3.3% | 2.6% | 6.7 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 8 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationSee how NTST stacks up against sector leader Realty Income Corporation.
Start ComparisonNETSTREIT Corp.'s current P/E ratio is 259.6x. The historical average is 138.4x. This places it at the 100th percentile of its historical range.
NETSTREIT Corp.'s current EV/EBITDA is 12.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.4x.
NETSTREIT Corp.'s return on equity (ROE) is 0.5%. The historical average is -0.9%.
Based on historical data, NETSTREIT Corp. is trading at a P/E of 259.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
NETSTREIT Corp.'s current dividend yield is 4.02%.
NETSTREIT Corp. has 99.9% gross margin and 25.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.