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Side-by-side financial comparison of California Resources Corp (CRC) and ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT). Click either name above to swap in a different company.

ESSENTIAL PROPERTIES REALTY TRUST, INC. is the larger business by last-quarter revenue ($158.8M vs $119.0M, roughly 1.3× California Resources Corp). Over the past eight quarters, ESSENTIAL PROPERTIES REALTY TRUST, INC.'s revenue compounded faster (20.6% CAGR vs -46.3%).

California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.

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.

CRC vs EPRT — Head-to-Head

Bigger by revenue
EPRT
EPRT
1.3× larger
EPRT
$158.8M
$119.0M
CRC
Faster 2-yr revenue CAGR
EPRT
EPRT
Annualised
EPRT
20.6%
-46.3%
CRC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CRC
CRC
EPRT
EPRT
Revenue
$119.0M
$158.8M
Net Profit
$60.0M
Gross Margin
Operating Margin
-597.5%
56.5%
Net Margin
37.8%
Revenue YoY
22.8%
Net Profit YoY
6.5%
EPS (diluted)
$-8.02
$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.

Revenue
CRC
CRC
EPRT
EPRT
Q1 26
$119.0M
$158.8M
Q4 25
$679.0M
$149.9M
Q3 25
$715.0M
$144.9M
Q2 25
$702.0M
$137.1M
Q1 25
$814.0M
$129.4M
Q4 24
$826.0M
$119.7M
Q3 24
$870.0M
$117.1M
Q2 24
$412.0M
$109.3M
Net Profit
CRC
CRC
EPRT
EPRT
Q1 26
$60.0M
Q4 25
$12.0M
$68.1M
Q3 25
$64.0M
$65.6M
Q2 25
$172.0M
$63.2M
Q1 25
$115.0M
$56.1M
Q4 24
$33.0M
$55.4M
Q3 24
$345.0M
$49.1M
Q2 24
$8.0M
$51.5M
Operating Margin
CRC
CRC
EPRT
EPRT
Q1 26
-597.5%
56.5%
Q4 25
6.9%
65.9%
Q3 25
13.7%
64.7%
Q2 25
38.0%
64.1%
Q1 25
22.9%
61.6%
Q4 24
8.2%
66.1%
Q3 24
59.5%
59.7%
Q2 24
9.2%
61.1%
Net Margin
CRC
CRC
EPRT
EPRT
Q1 26
37.8%
Q4 25
1.8%
45.4%
Q3 25
9.0%
45.3%
Q2 25
24.5%
46.1%
Q1 25
14.1%
43.4%
Q4 24
4.0%
46.3%
Q3 24
39.7%
42.0%
Q2 24
1.9%
47.1%
EPS (diluted)
CRC
CRC
EPRT
EPRT
Q1 26
$-8.02
$0.28
Q4 25
$0.21
$0.34
Q3 25
$0.76
$0.33
Q2 25
$1.92
$0.32
Q1 25
$1.26
$0.29
Q4 24
$0.87
$0.31
Q3 24
$3.78
$0.27
Q2 24
$0.11
$0.29

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CRC
CRC
EPRT
EPRT
Cash + ST InvestmentsLiquidity on hand
$15.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.9B
$4.4B
Total Assets
$7.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRC
CRC
EPRT
EPRT
Q1 26
$15.2M
Q4 25
$132.0M
$60.2M
Q3 25
$196.0M
$23.8M
Q2 25
$72.0M
$20.8M
Q1 25
$214.0M
$47.0M
Q4 24
$372.0M
$40.7M
Q3 24
$241.0M
$32.7M
Q2 24
$1.0B
$23.6M
Total Debt
CRC
CRC
EPRT
EPRT
Q1 26
Q4 25
$2.5B
Q3 25
$1.0B
$2.6B
Q2 25
$1.0B
$2.3B
Q1 25
$1.0B
$2.1B
Q4 24
$1.1B
$2.1B
Q3 24
$1.1B
$2.2B
Q2 24
$1.2B
$1.9B
Stockholders' Equity
CRC
CRC
EPRT
EPRT
Q1 26
$2.9B
$4.4B
Q4 25
$3.7B
$4.2B
Q3 25
$3.4B
$3.8B
Q2 25
$3.4B
$3.8B
Q1 25
$3.5B
$3.8B
Q4 24
$3.5B
$3.6B
Q3 24
$3.5B
$3.2B
Q2 24
$2.1B
$3.2B
Total Assets
CRC
CRC
EPRT
EPRT
Q1 26
$7.2B
Q4 25
$7.4B
$6.9B
Q3 25
$6.8B
$6.6B
Q2 25
$6.7B
$6.3B
Q1 25
$6.8B
$6.1B
Q4 24
$7.1B
$5.8B
Q3 24
$7.1B
$5.5B
Q2 24
$4.5B
$5.3B
Debt / Equity
CRC
CRC
EPRT
EPRT
Q1 26
Q4 25
0.60×
Q3 25
0.29×
0.69×
Q2 25
0.30×
0.61×
Q1 25
0.29×
0.56×
Q4 24
0.32×
0.60×
Q3 24
0.32×
0.69×
Q2 24
0.57×
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
CRC
CRC
EPRT
EPRT
Operating Cash FlowLast quarter
$99.0M
Free Cash FlowOCF − Capex
$-32.0M
FCF MarginFCF / Revenue
-26.9%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$380.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRC
CRC
EPRT
EPRT
Q1 26
$99.0M
Q4 25
$235.0M
$381.1M
Q3 25
$279.0M
$99.0M
Q2 25
$165.0M
$99.8M
Q1 25
$186.0M
$77.2M
Q4 24
$206.0M
$308.5M
Q3 24
$220.0M
$73.5M
Q2 24
$97.0M
$81.1M
Free Cash Flow
CRC
CRC
EPRT
EPRT
Q1 26
$-32.0M
Q4 25
$115.0M
Q3 25
$188.0M
Q2 25
$109.0M
Q1 25
$131.0M
Q4 24
$118.0M
Q3 24
$141.0M
Q2 24
$63.0M
FCF Margin
CRC
CRC
EPRT
EPRT
Q1 26
-26.9%
Q4 25
16.9%
Q3 25
26.3%
Q2 25
15.5%
Q1 25
16.1%
Q4 24
14.3%
Q3 24
16.2%
Q2 24
15.3%
Capex Intensity
CRC
CRC
EPRT
EPRT
Q1 26
Q4 25
17.7%
Q3 25
12.7%
Q2 25
8.0%
Q1 25
6.8%
Q4 24
10.7%
Q3 24
9.1%
Q2 24
8.3%
Cash Conversion
CRC
CRC
EPRT
EPRT
Q1 26
Q4 25
19.58×
5.60×
Q3 25
4.36×
1.51×
Q2 25
0.96×
1.58×
Q1 25
1.62×
1.38×
Q4 24
6.24×
5.57×
Q3 24
0.64×
1.50×
Q2 24
12.13×
1.57×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CRC
CRC

Segment breakdown not available.

EPRT
EPRT

Rental revenue 1,2$149.4M94%
Other$8.6M5%
Other revenue$779.0K0%

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