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Side-by-side financial comparison of Bandwidth Inc. (BAND) and ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $158.8M, roughly 1.3× ESSENTIAL PROPERTIES REALTY TRUST, INC.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs 1.9%, a 35.8% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs 20.1%). Over the past eight quarters, ESSENTIAL PROPERTIES REALTY TRUST, INC.'s revenue compounded faster (20.6% CAGR vs 9.7%).
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.
Essential Properties Realty Trust is a publicly traded real estate investment trust (REIT) that acquires, owns and manages a diversified portfolio of single-tenant net-leased commercial properties across the United States. Its assets primarily cover essential service-oriented sectors including casual dining, automotive services, medical clinics, early childhood education centers and light industrial facilities, with tenants mostly holding robust long-term operating track records.
BAND vs EPRT — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $158.8M |
| Net Profit | $4.0M | $60.0M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | 56.5% |
| Net Margin | 1.9% | 37.8% |
| Revenue YoY | 20.1% | 22.8% |
| Net Profit YoY | 200.0% | 6.5% |
| EPS (diluted) | $-0.08 | $0.28 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $208.8M | $158.8M | ||
| Q4 25 | $207.7M | $149.9M | ||
| Q3 25 | $191.9M | $144.9M | ||
| Q2 25 | $180.0M | $137.1M | ||
| Q1 25 | $174.2M | $129.4M | ||
| Q4 24 | $210.0M | $119.7M | ||
| Q3 24 | $193.9M | $117.1M | ||
| Q2 24 | $173.6M | $109.3M |
| Q1 26 | $4.0M | $60.0M | ||
| Q4 25 | — | $68.1M | ||
| Q3 25 | $-1.2M | $65.6M | ||
| Q2 25 | $-4.9M | $63.2M | ||
| Q1 25 | $-3.7M | $56.1M | ||
| Q4 24 | — | $55.4M | ||
| Q3 24 | $413.0K | $49.1M | ||
| Q2 24 | $4.1M | $51.5M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 39.8% | — | ||
| Q1 25 | 41.0% | — | ||
| Q4 24 | 36.4% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 37.3% | — |
| Q1 26 | 60.5% | 56.5% | ||
| Q4 25 | -1.9% | 65.9% | ||
| Q3 25 | -1.0% | 64.7% | ||
| Q2 25 | -2.1% | 64.1% | ||
| Q1 25 | -2.7% | 61.6% | ||
| Q4 24 | -1.3% | 66.1% | ||
| Q3 24 | -0.5% | 59.7% | ||
| Q2 24 | -3.5% | 61.1% |
| Q1 26 | 1.9% | 37.8% | ||
| Q4 25 | — | 45.4% | ||
| Q3 25 | -0.6% | 45.3% | ||
| Q2 25 | -2.7% | 46.1% | ||
| Q1 25 | -2.1% | 43.4% | ||
| Q4 24 | — | 46.3% | ||
| Q3 24 | 0.2% | 42.0% | ||
| Q2 24 | 2.3% | 47.1% |
| Q1 26 | $-0.08 | $0.28 | ||
| Q4 25 | $-0.10 | $0.34 | ||
| Q3 25 | $-0.04 | $0.33 | ||
| Q2 25 | $-0.16 | $0.32 | ||
| Q1 25 | $-0.13 | $0.29 | ||
| Q4 24 | $0.27 | $0.31 | ||
| Q3 24 | $0.01 | $0.27 | ||
| Q2 24 | $-0.17 | $0.29 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $47.3M | $15.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $4.4B |
| Total Assets | $984.2M | $7.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | $15.2M | ||
| Q4 25 | $111.3M | $60.2M | ||
| Q3 25 | $80.4M | $23.8M | ||
| Q2 25 | $68.1M | $20.8M | ||
| Q1 25 | $41.7M | $47.0M | ||
| Q4 24 | $83.8M | $40.7M | ||
| Q3 24 | $79.9M | $32.7M | ||
| Q2 24 | $76.4M | $23.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $1.9B |
| Q1 26 | $405.7M | $4.4B | ||
| Q4 25 | $400.0M | $4.2B | ||
| Q3 25 | $392.7M | $3.8B | ||
| Q2 25 | $384.5M | $3.8B | ||
| Q1 25 | $345.4M | $3.8B | ||
| Q4 24 | $312.5M | $3.6B | ||
| Q3 24 | $336.6M | $3.2B | ||
| Q2 24 | $307.4M | $3.2B |
| Q1 26 | $984.2M | $7.2B | ||
| Q4 25 | $1.1B | $6.9B | ||
| Q3 25 | $1.0B | $6.6B | ||
| Q2 25 | $1.0B | $6.3B | ||
| Q1 25 | $964.4M | $6.1B | ||
| Q4 24 | $989.2M | $5.8B | ||
| Q3 24 | $1.0B | $5.5B | ||
| Q2 24 | $1.0B | $5.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.59× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | — |
| Free Cash FlowOCF − Capex | $-1.0M | — |
| FCF MarginFCF / Revenue | -0.5% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $381.1M | ||
| Q3 25 | $22.2M | $99.0M | ||
| Q2 25 | $31.7M | $99.8M | ||
| Q1 25 | $-3.1M | $77.2M | ||
| Q4 24 | $36.5M | $308.5M | ||
| Q3 24 | $20.5M | $73.5M | ||
| Q2 24 | $24.4M | $81.1M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.60× | ||
| Q3 25 | — | 1.51× | ||
| Q2 25 | — | 1.58× | ||
| Q1 25 | — | 1.38× | ||
| Q4 24 | — | 5.57× | ||
| Q3 24 | 49.55× | 1.50× | ||
| Q2 24 | 6.03× | 1.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
EPRT
| Rental revenue 1,2 | $149.4M | 94% |
| Other | $8.6M | 5% |
| Other revenue | $779.0K | 0% |
