NNN REIT, Inc. Financial Ratios — CZ2 Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	5.11	6.36	6.28	6.59	6.16	6.97	7.32	7.67	7.14	5.3	6.99	8.34	9.48	9.32	8.89
Return on Assets (%)	3	3.83	3.79	4.07	3.81	4.06	4.11	4.28	4.12	3.04	3.77	4.21	4.67	4.53	4.27
Return on Capital (%)	5.56	- -	5.98	- -	5.59	5.82	5.91	6.08	5.85	4.82	5.64	6.15	6.72	6.73	6.61
Return on Invested Capital (%)	5.23	- -	5.83	- -	5.4	5.82	5.92	6.33	5.82	5.04	5.92	6.15	6.71	6.7	6.56
Gross Margin (%)	94.41	95.04	95.3	95.65	95.9	96.09	96.05	95.97	95.88	95.71	96.09	96.6	96.57	96.28	95.96
EBITDA Margin (%)	71.63	79.25	86.27	87.94	87.69	90.95	93.67	96.23	90.29	86.44	90.08	91.37	95.85	95.2	92.63
Operating Margin (%)	52.16	59.73	62.17	61.46	60.8	61.31	60.57	62.46	62.05	60.16	61.67	61.24	62.02	62.38	61.53
Incremental Operating Margin (%)	36.72	107.83	82.65	54.66	54.84	66.19	52.87	91.74	56.73	189.57	76.83	54.55	73.02	69.51	48.56
Pretax Margin (%)	27.93	34.53	39.15	41.32	40.97	44.88	45.37	46.97	44.69	34.63	39.94	43.29	47.38	45.65	42.08
Profit Margin (%)	30.39	40.38	40.7	43.83	40.97	44.88	45.3	46.97	44.62	34.63	39.94	43.29	47.38	45.65	42.08
Net Income to Common Margin (%)	28.15	35.43	33.6	35.68	33.63	37.64	38.82	41.45	39.98	31.92	37.87	43.29	47.38	45.65	42.08
Effective Tax Rate (%)	1.06	- -	0.05	- -	5.22	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	171.33	145.8	150.06	140.88	150.26	127.93	121.63	117.42	124.1	169.03	133.51	113.72	103.09	105.9	113.71
Sustainable Growth Rate (%)	-3.65	-2.91	-3.14	-2.69	-3.09	-1.95	-1.58	-1.34	-1.72	-3.66	-2.34	-1.14	-0.29	-0.55	-1.22

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	1,339	1,587	1,570	1,730	1,976	2,312	2,580	2,851	2,988	3,221	3,746	3,916	4,361	4,374	4,820
ST Debt	66	174	46	- -	- -	- -	121	- -	134	- -	- -	166	132	- -	348
LT Debt	1,274	1,413	1,524	1,730	1,976	2,312	2,460	2,851	2,855	3,221	3,746	3,750	4,229	4,374	4,472
Total Debt/EBITDA	6.15	5.69	4.62	4.52	4.67	4.76	4.71	4.76	4.94	5.64	5.73	5.54	5.49	5.29	5.62
Net Debt/EBITDA	6.14	5.69	4.62	4.5	4.63	4.16	4.71	4.57	4.93	5.17	5.46	5.54	5.49	5.27	5.61
Total Debt/EBIT	8.43	7.8	6.54	6.5	6.85	6.87	6.9	6.71	7.17	8.6	8.34	8.12	7.86	7.57	8.18
Net Debt/EBIT	8.42	7.79	6.54	6.46	6.8	6	6.89	6.44	7.17	7.89	7.96	8.11	7.85	7.55	8.17
EBITDA to Interest Expense	2.88	3.33	3.96	4.47	4.7	5.04	5.02	5.17	5.04	4.41	4.75	4.77	4.84	4.5	4.21
EBITDA-CapEx/Interest Expense	-7.16	3.33	3.96	4.47	4.7	5.04	5.02	5.17	5.04	4.41	4.75	4.77	4.84	4.5	4.21
EBIT to Interest Expense	2.1	2.51	2.85	3.13	3.26	3.4	3.25	3.36	3.47	3.07	3.25	3.2	3.13	2.95	2.79
Interest Expense	76	84	86	86	90	96	109	116	120	129	138	148	164	184	204
Common Equity/Total Assets	55.62	50.37	49.43	51.01	50.68	47.31	48.9	49.58	53.62	52.03	50.34	50.62	48	49.16	47
Long-Term Debt/Equity (%)	63.55	61.49	54.84	56.11	59.12	59.02	64.04	68.63	65.9	74.57	96.02	90.94	101.71	100.26	101.45
Long-Term Debt/Capital (%)	38.09	36.37	35.04	35.94	37.15	37.11	38.31	40.7	39	42.72	48.99	46.64	49.64	50.07	48.46
Long-Term Debt/Total Assets (%)	37.07	35.43	34.2	35.19	36.19	36.5	37.49	40.14	38.4	42.17	48.33	46.03	48.82	49.29	47.68
Total Debt/Equity (%)	66.83	69.07	56.51	56.11	59.12	59.02	67.18	68.63	68.99	74.57	96.02	94.97	104.88	100.26	109.35
Total Debt/Capital (%)	40.06	40.85	36.11	35.94	37.15	37.11	40.18	40.7	40.82	42.72	48.99	48.71	51.19	50.07	52.23
Total Debt/Total Assets (%)	38.98	39.79	35.25	35.19	36.19	36.5	39.33	40.14	40.19	42.17	48.33	48.07	50.34	49.29	51.39
Net Debt to Equity	66.72	68.98	56.46	55.77	58.71	51.5	67.14	65.88	68.96	68.38	91.63	94.91	104.86	100.06	109.23
Net Debt/Capital (%)	40.02	40.82	36.09	35.8	36.99	33.99	40.17	39.72	40.82	40.61	47.82	48.69	51.19	50.02	52.21
EBITDA	218	279	340	382	423	485	548	599	605	571	654	706	794	828	858
EBITDA-CapEx	-541	279	340	382	423	485	548	599	605	571	654	706	794	828	858
Operating Income (Loss)	158	210	245	267	294	327	354	389	416	397	448	473	514	542	570

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.22	0.08	0.21	1.28	1.23	14.98	0.01	5.85	0.01	13.77	7.16	0.01	0.01	0.29	0.01
Current Ratio	1.57	0.53	1.28	6.06	6.19	17.89	0.47	8.68	0.3	17.17	9.17	0.23	0.31	1.86	0.19
Quick Ratio	0.98	0.37	0.93	3.56	3.1	16.43	0.22	7.35	0.22	16.78	8.63	0.18	0.24	1.54	0.11
CFO/Avg Current Liab	0.29	1.67	2.15	7.33	18.19	20.88	5.25	5.89	5.86	5.26	26.24	5.41	3.44	6.48	3.19
Common Equity/Total Assets	55.62	50.37	49.43	51.01	50.68	47.31	48.9	49.58	53.62	52.03	50.34	50.62	48	49.16	47
Long-Term Debt/Equity (%)	63.55	61.49	54.84	56.11	59.12	59.02	64.04	68.63	65.9	74.57	96.02	90.94	101.71	100.26	101.45
Long-Term Debt/Capital (%)	38.09	36.37	35.04	35.94	37.15	37.11	38.31	40.7	39	42.72	48.99	46.64	49.64	50.07	48.46
Long-Term Debt/Total Assets (%)	37.07	35.43	34.2	35.19	36.19	36.5	37.49	40.14	38.4	42.17	48.33	46.03	48.82	49.29	47.68
Total Debt/Equity (%)	66.83	69.07	56.51	56.11	59.12	59.02	67.18	68.63	68.99	74.57	96.02	94.97	104.88	100.26	109.35
Total Debt/Capital (%)	40.06	40.85	36.11	35.94	37.15	37.11	40.18	40.7	40.82	42.72	48.99	48.71	51.19	50.07	52.23
Total Debt/Total Assets (%)	38.98	39.79	35.25	35.19	36.19	36.5	39.33	40.14	40.19	42.17	48.33	48.07	50.34	49.29	51.39
CFO/Total Liabilities	12.42	13.5	16.37	16.19	16.11	17.18	15.5	16	16.17	13.57	14.77	14.38	13.6	14.09	13.42
CFO/CapEx	0.23	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	119.71	109.02	122.16	151.93	157.84	151.24	153.48	201.02	183.22	193.92	228.51	228.1	262.46	287.42
Days Sales Outstanding	- -	3.05	3.35	2.99	2.4	2.31	2.41	2.38	1.82	1.99	1.88	1.6	1.6	1.39	1.27
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	2	2	1	11	14	295	1	114	1	267	171	3	1	9	5
+ Preferred Equity and Hybrid Capital	92	288	575	575	575	920	633	633	345	345	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	1	1	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	1,339	1,587	1,570	1,730	1,976	2,312	2,580	2,851	2,988	3,221	3,746	3,916	4,361	4,374	4,820
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Capital	3,343	3,885	4,348	4,813	5,318	6,229	6,421	7,006	7,320	7,540	7,648	8,040	8,518	8,736	9,229
Total Debt/Capital (%)	40.06	40.85	36.11	35.94	37.15	37.11	40.18	40.7	40.82	42.72	48.99	48.71	51.19	50.07	52.23
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	304	352	394	435	483	534	585	623	670	661	726	773	828	869	926
TTM EBITDA	218	279	340	382	423	485	548	599	605	571	654	706	794	828	858
TTM Operating Income	158	210	245	267	294	327	354	389	416	397	448	473	514	542	570
TTM Cash Flow to Firm	252	- -	360	- -	426	512	531	588	622	580	706	726	776	820	871
TTM Free Cash Flow to Firm	-506	- -	360	- -	426	512	531	588	622	580	706	726	776	820	871

Multiples (USD)

Valuation Multiples API ChatGPT

No data availableFinancial data will appear here once available

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	105	112	122	132	141	147	154	162	172	175	176	181	182	188	190
Diluted Weighted Avg Shares	89	109	120	125	134	145	149	156	165	172	175	177	182	184	188
Basic Weighted Avg Shares	88	107	118	124	134	144	149	156	165	172	175	176	181	184	188
Revenue per Share	3.45	3.29	3.33	3.5	3.6	3.7	3.92	4	4.07	3.84	4.16	4.38	4.57	4.73	4.94
EBITDA per Share	2.47	2.61	2.87	3.08	3.16	3.37	3.67	3.85	3.68	3.32	3.75	4	4.38	4.51	4.57
Operating Income per Share	1.8	1.96	2.07	2.15	2.19	2.27	2.38	2.5	2.53	2.31	2.56	2.68	2.83	2.95	3.04
Basic EPS, GAAP	0.97	1.16	1.12	1.25	1.21	1.39	1.52	1.66	1.63	1.23	1.57	1.9	2.17	2.16	2.08
Basic EPS from Cont Ops	0.96	1.24	1.3	1.45	1.4	1.66	1.78	1.88	1.82	1.33	1.66	1.9	2.17	2.16	2.08
Diluted EPS, GAAP	0.96	1.14	1.1	1.24	1.21	1.39	1.52	1.65	1.62	1.22	1.57	1.89	2.16	2.16	2.07
Diluted EPS from Cont Ops	0.95	1.21	1.28	1.44	1.39	1.66	1.78	1.87	1.81	1.33	1.66	1.89	2.16	2.16	2.07
Dividend per Share	1.59	1.73	1.84	1.93	1.97	2.05	2.11	2.17	2.22	2.18	2.19	2.16	2.23	2.29	2.36
Cash Flow per Share	2.02	2.13	2.32	2.39	2.55	2.88	2.83	3.03	3.05	2.62	3.25	3.28	3.38	3.46	3.56
Free Cash Flow per Basic Share	-6.59	2.13	2.32	2.39	2.55	2.88	2.83	3.03	3.05	2.62	3.25	3.28	3.38	3.46	3.56
Cash & Equivalents per Share	0.17	0.14	0.11	0.17	0.18	2	0.01	0.71	0.01	1.53	0.98	0.01	0.01	0.05	0.03
Book Value per Share	18.24	18.01	18.05	18.99	19.62	20.37	20.89	21.81	23.22	22.68	22.21	22.73	22.78	23.26	23.21
Tangible Book Value per Share	17.88	17.61	17.47	18.41	19.11	19.92	20.56	21.4	22.77	22.28	21.83	22.39	22.49	23.02	22.96