TORVANTA
Other · S&P 500 · data as of 2026-10-05

NNN stock analysis: NNN

NNN (NNN) is an S&P 500 company in Other. It grades weakest on momentum and growth.

The model's view of NNN · subscribers

Where NNN ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with NNN · updated 2026-10-05 · from prices and SEC filings

NNN price performance

NNN against the S&P 500, one year
+0%+10%+20%S&P 500 +18%NNN +1%2025-09-292026-10-05
Year to date+6.1%S&P 500 +14.5% · behind by 8.4 pts
1 year-0.3%S&P 500 +17.0% · behind by 17.3 pts
3 years+36.3%S&P 500 +89.3% · behind by 52.9 pts
5 years+18.6%S&P 500 +91.3% · behind by 72.7 pts

Total returns with dividends reinvested.

NNN factor grades

Each grade compares NNN with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

CValueP/E 19.4x (industry 20.1x)FCF yield 5.1% (industry 6.0%)
C-GrowthRevenue growth +6% (industry +8%)EPS growth -3% (industry +10%)
B-ProfitabilityOperating margin 63.5% (industry 9.6%)ROIC 10.6% (industry 10.1%)
C-Momentum12-month change -0%From 52-wk high -18%

NNN in plain numbers

NNN key statistics

SectorOther
Industryn/a
IndexS&P 500
Market value$7.8B
Revenue growth (y/y)+6%
Free-cash-flow yield5.1%
Dividend yield6.0%
Next earnings (expected)2026-11-03
Valuation measures
Market value$7.8B
Enterprise value$7.7B
P/E (trailing)19.4x
Forward P/E (Torvanta estimate)18.8x
PEG (Torvanta estimate)5.99
Price / sales8.2x
Price / book1.7x
EV / revenue8.2x
EV / EBITDA8.9x
Financial highlights
Revenue, last 12 months$939.6M
Net income, last 12 months$391.2M
EPS, last 12 months (GAAP)$2.08
Operating margin63.5%
Net margin41.6%
Return on equity8.9%
Return on invested capital10.6%
Cash$4.2M
Total debt$0
Interest cover2.8x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

NNN earnings trends

Revenue vs earnings
$0$61.1M$122.1M$183.2M$244.3MJun 2024 Revenue: $216.8MSep 2024 Revenue: $218.6MDec 2024 Revenue: $218.5MMar 2025 Revenue: $230.9MJun 2025 Revenue: $226.8MSep 2025 Revenue: $230.2MDec 2025 Revenue: $238.4MJun 2026 Revenue: $244.3MJun 2024 Net income: $106.7MSep 2024 Net income: $97.9MDec 2024 Net income: $97.9MMar 2025 Net income: $96.5MJun 2025 Net income: $100.5MSep 2025 Net income: $96.8MDec 2025 Net income: $96.0MJun 2026 Net income: $97.9MJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Jun 2026Net margin: 49.2%Net margin: 44.8%Net margin: 44.8%Net margin: 41.8%Net margin: 44.3%Net margin: 42.1%Net margin: 40.2%Net margin: 40.1%0%25%49%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.1$0.3$0.4$0.6Jun 2024 EPS (GAAP, diluted): $0.6Sep 2024 EPS (GAAP, diluted): $0.5Dec 2024 EPS (GAAP, diluted): $0.5Mar 2025 EPS (GAAP, diluted): $0.5Jun 2025 EPS (GAAP, diluted): $0.5Sep 2025 EPS (GAAP, diluted): $0.5Dec 2025 EPS (GAAP, diluted): $0.5Jun 2026 EPS (GAAP, diluted): $0.5Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Jun 2025 -7% · Sep 2025 -4% · Dec 2025 -2% · Jun 2026 -4%

From the company's 10-Q and 10-K filings with the SEC.

NNN financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$726.4M$773.1M$828.1M$869.3M$926.2M
Net income$290.1M$334.6M$392.3M$396.8M$389.8M
EPS (GAAP)$1.51$1.89$2.16$2.15$2.07

NNN earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-05$0.52-4%+8%0.0%
2026-02-11$0.51-2%+9%+2.3%
2025-11-04$0.51-4%+5%-1.8%
2025-08-05$0.54-7%+5%-4.2%
2025-05-01$0.51-2%+7%-0.6%
2025-02-11$0.52-2%+1%+4.5%

Companies similar to NNN

CompanyMarket valueP/ERevenue growthOperating margin12-month change
NNN NNN$7.8B19.4x+6%63.5%-0%
DBX DBX$7.8B19.1x-0%26.6%+17%compare
ACM ACM$7.7B27.4x-4%4.1%-53%compare
PCTY PCTY$7.8B29.8x+11%21.8%-5%compare
THG THG$7.7B10.5x+6%15.4%+22%
LNC LNC$7.8B3.5x+8%n/a+4%
ATR ATR$7.7B21.8x+9%12.1%-8%

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Frequently asked questions

Is NNN stock a buy?

Torvanta does not tell individuals what to buy. Its grades for NNN are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is NNN's P/E ratio?

NNN trades at about 19.4 times its last 12 months of GAAP earnings reported to the SEC, and about 18.8 times Torvanta's own estimate of the next 12 months.

When does NNN report earnings next?

Based on its filing history, Torvanta expects NNN to report around 2026-11-03.

Does NNN pay a dividend?

Yes. Its dividend yield is about 6.0%, and it has raised its dividend 13 years in a row.

How has NNN performed against the S&P 500?

Over the past year NNN returned -0.3%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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