Fermi Inc. Common Stock (FRMI) vs NNN REIT, Inc. (NNN)
A side-by-side comparison of Fermi Inc. Common Stock and NNN REIT, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
Total return — FRMI vs NNN
growth of $100 · dividends reinvested · last 1yFRMI vs NNN: by the numbers
- •NNN is the larger company ($7.88B vs $3.10B market cap).
- •NNN is profitable (40.35% net margin) while FRMI runs a net loss (0.00%).
- •NNN pays a dividend (5.52% yield), while FRMI has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | FRMI | NNN |
|---|---|---|
| P/E ratio | N/A | 20.31 |
| Forward P/E | N/A | 20.17 |
| P/S ratio | N/A | 8.27 |
| P/B ratio | 3.01 | 1.77 |
| EV / EBITDA | N/A | 14.83 |
| FCF yield | N/A | 3.09% |
For REITs like Fermi Inc. Common Stock, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like NNN REIT, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | FRMI | NNN |
|---|---|---|
| Gross margin | 0.00% | 38.00% |
| Operating margin | 0.00% | 62.03% |
| Net margin | 0.00% | 40.35% |
| ROE | -67.32% | 8.62% |
| ROIC | -20.71% | 6.18% |
Dividends
| Metric | FRMI | NNN |
|---|---|---|
| Dividend yield | N/A | 5.52% |
| Payout ratio | N/A | 118.63% |
Fermi Inc. Common Stock's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
NNN REIT, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | FRMI | NNN |
|---|---|---|
| Revenue CAGR (5Y) | N/A | 6.97% |
| EPS CAGR (5Y) | N/A | 11.15% |
| FCF CAGR (5Y) | N/A | 8.18% |
| Total return CAGR (5Y) | N/A | 4.80% |
Frequently asked
- Does FRMI or NNN pay a bigger dividend?
- NNN pays a dividend (5.52% yield), while FRMI has no payments in the available dividend history.
- Is FRMI or NNN more profitable?
- NNN runs the higher net margin — FRMI at 0.00% versus NNN at 40.35%.
Go deeper
Dig into the metrics
Fermi Inc. Common Stock & NNN REIT appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.