NETSTREIT Corp. (NTST) Financial Ratios
8 years of historical data (2018–2025) · Real Estate · REIT - Retail
EV/EBITDA
↓
21.28
-1% vs avg
5yr avg: 21.46
30Y Low17.2·High29.7
P/FCF
↓
17.38
-1% vs avg
5yr avg: 17.50
30Y Low12.0·High32.5
P/B Ratio
↓
1.11
+18% vs avg
5yr avg: 0.95
30Y Low0.8·High1.1
ROE
↑
0.5%
↓+64% vs avg
5yr avg: 0.3%
30Y Low-6%·High1%
Debt/EBITDA
↑
7.93
+3% vs avg
5yr avg: 7.67
30Y Low6.9·High13.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NTST Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
NETSTREIT Corp. trades at 234.1x earnings, 20% above its 5-year average of 194.6x, sitting at the 100th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a premium of 872%. On a free-cash-flow basis, the stock trades at 17.4x P/FCF, roughly in line with 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 | $1.9B | $1.5B | $1.1B | $1.2B | $924M | $886M | $412M | — | — |
| Enterprise Value | $3.0B | $2.6B | $2.0B | $1.8B | $1.4B | $1.1B | $511M | — | — |
| P/E Ratio → | 234.15 | 215.12 | — | 162.27 | 114.56 | 286.25 | 2436.25 | — | — |
| P/S Ratio | 10.49 | 8.19 | 7.22 | 9.38 | 9.99 | 15.18 | 12.41 | — | — |
| P/B Ratio | 1.11 | 1.02 | 0.81 | 0.91 | 0.87 | 1.12 | 0.78 | — | — |
| P/FCF | 17.38 | 13.57 | 12.01 | 14.41 | 18.70 | 28.80 | 32.48 | — | — |
| P/OCF | 17.38 | 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
NTST EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
NETSTREIT Corp.'s enterprise value stands at 21.3x EBITDA, roughly in line with its 5-year average of 21.5x. The Real Estate sector median is 17.0x, placing the stock at a 25% premium 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 | — | 14.30 | 13.08 | 14.33 | 15.01 | 19.62 | 15.37 | — | — |
| EV / EBITDA | 21.28 | 18.33 | 17.20 | 20.07 | 21.97 | 29.72 | 25.02 | — | — |
| EV / EBIT | 54.67 | 47.84 | 91.85 | 65.05 | 80.53 | 175.98 | 103.12 | — | — |
| EV / FCF | — | 23.69 | 21.77 | 22.02 | 28.08 | 37.24 | 40.22 | — | — |
NTST Profitability
Margins and return-on-capital ratios measuring operating efficiency
NETSTREIT Corp. earns an operating margin of 30.4%, above the Real Estate sector average of 24.8%. Operating margins have expanded from 19.7% to 30.4% over the past 3 years, signaling improving operational efficiency. ROE of 0.5% is modest. ROIC of 1.7% represents below-average returns on invested capital.
Margins
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 | 90.0% | 90.0% | 89.2% | 87.8% | 88.9% | 91.4% | 93.8% | 91.8% | 89.6% |
| Operating Margin | 30.4% | 30.4% | 24.8% | 19.7% | 14.2% | 13.2% | — | 23.1% | 22.0% |
| Net Profit Margin | 3.8% | 3.8% | -8.0% | 5.6% | 8.8% | 5.2% | 2.2% | -39.6% | -82.3% |
Return on Capital
| 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 | 1.7% | 1.7% | 1.4% | 1.1% | 0.8% | 0.7% | — | 0.8% | — |
| ROCE | 2.4% | 2.4% | 1.9% | 1.5% | 1.1% | 0.9% | — | 1.2% | 1.6% |
NTST Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
NETSTREIT Corp. carries a Debt/EBITDA ratio of 7.9x, which is highly leveraged (roughly in line with the sector average of 7.9x). Net debt stands at $1.1B ($1.1B total debt minus $14M cash). Interest coverage of just 1.1x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.77 | 0.77 | 0.67 | 0.50 | 0.50 | 0.34 | 0.36 | 0.71 | 0.75 |
| Debt / EBITDA | 7.93 | 7.93 | 7.84 | 7.28 | 8.38 | 6.93 | 9.36 | 11.80 | 13.49 |
| Net Debt / Equity | — | 0.76 | 0.66 | 0.48 | 0.44 | 0.33 | 0.19 | 0.04 | 0.75 |
| Net Debt / EBITDA | 7.83 | 7.83 | 7.71 | 6.94 | 7.34 | 6.74 | 4.82 | 0.61 | 13.42 |
| Debt / FCF | — | 10.12 | 9.76 | 7.62 | 9.38 | 8.44 | 7.75 | 2.90 | — |
| Interest Coverage | 1.15 | 1.15 | 0.64 | 1.34 | 2.00 | 1.97 | 1.04 | 0.25 | — |
NTST Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
NETSTREIT Corp.'s current ratio of 7.06x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 2.02x to 7.06x 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 | 7.06 | 7.06 | 0.87 | 2.02 | 1.24 | 0.23 | 22.72 | 74.86 | 23.64 |
| Quick Ratio | 7.06 | 7.06 | 0.87 | 2.02 | 1.24 | 0.23 | 22.72 | 74.86 | 23.64 |
| Cash Ratio | 0.43 | 0.43 | 0.05 | 0.28 | 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 | — | — | — | — | — | — | — | — | — |
NTST Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
NETSTREIT Corp. returns 4.4% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 1022.9%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. 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.
Dividends
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 | 4.4% | 4.8% | 5.9% | 4.5% | 4.3% | 3.4% | 2.1% | — | — |
| Payout Ratio | 1022.9% | 1022.9% | — | 758.0% | 492.2% | 992.4% | 1211.2% | — | — |
Total Shareholder Return Metrics
| 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 | 5.8% | 7.4% | 8.3% | 6.9% | 5.3% | 3.5% | 3.1% | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.1% | 0.1% | — | — |
| Total Shareholder Yield | 4.4% | 4.8% | 5.9% | 4.5% | 4.3% | 3.5% | 2.2% | — | — |
| Shares Outstanding | — | $84M | $77M | $65M | $50M | $39M | $21M | $24M | $24M |
Peer Comparison
Compare NTST with 10 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 | 234.1 | 21.3 | 17.4 | 90.0% | 30.4% | 0.5% | 1.7% | 7.9 |
 ADC | $9B | 41.4 | 19.7 | 17.5 | 87.7% | 47.4% | 3.5% | 2.8% | 5.4 |
 NNN | $9B | 21.7 | 16.0 | 12.8 | 38.0% | 61.5% | 8.9% | 4.8% | 5.8 |
 EPRT | $6B | 22.9 | 17.1 | 16.7 | 84.0% | 64.5% | 6.5% | 4.4% | 4.9 |
 O | $56B | 51.5 | 21.6 | 14.1 | 89.8% | 28.3% | 2.7% | 1.8% | 8.0 |
 WPC | $16B | 33.8 | 18.8 | 14.3 | 28.6% | 44.4% | 5.6% | 3.5% | 6.8 |
 PINE | $274M | -87.0 | 14.5 | — | -10.9% | 30.5% | -0.9% | 2.2% | 8.6 |
 FCPT | $3B | 22.5 | 17.3 | 14.0 | 95.4% | 55.7% | 7.3% | 4.5% | 5.4 |
 GTY | $2B | 24.2 | 16.4 | 15.6 | 40.2% | 54.9% | 7.8% | 4.6% | 5.7 |
 DG | $25B | 16.6 | 12.2 | 10.5 | 30.7% | 5.2% | 19.0% | 7.0% | 4.8 |
 DLTR | $21B | 18.8 | 11.3 | 15.4 | 36.4% | 8.2% | 33.2% | 13.2% | 2.1 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
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NTST — Frequently Asked Questions
Quick answers to the most common questions about buying NTST stock.
What is NETSTREIT Corp.'s P/E ratio?
NETSTREIT Corp.'s current P/E ratio is 234.1x. The historical average is 138.4x. This places it at the 100th percentile of its historical range.
What is NETSTREIT Corp.'s EV/EBITDA?
NETSTREIT Corp.'s current EV/EBITDA is 21.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 22.1x.
What is NETSTREIT Corp.'s ROE?
NETSTREIT Corp.'s return on equity (ROE) is 0.5%. The historical average is -0.9%.
Is NTST stock overvalued?
Based on historical data, NETSTREIT Corp. is trading at a P/E of 234.1x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is NETSTREIT Corp.'s dividend yield?
NETSTREIT Corp.'s current dividend yield is 4.37% with a payout ratio of 1022.9%.
What are NETSTREIT Corp.'s profit margins?
NETSTREIT Corp. has 90.0% gross margin and 30.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does NETSTREIT Corp. have?
NETSTREIT Corp.'s Debt/EBITDA ratio is 7.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.