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Side-by-side financial comparison of CareTrust REIT, Inc. (CTRE) 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 $134.9M, roughly 1.2× CareTrust REIT, Inc.). CareTrust REIT, Inc. runs the higher net margin — 82.5% vs 37.8%, a 44.8% gap on every dollar of revenue. On growth, CareTrust REIT, Inc. posted the faster year-over-year revenue change (55.1% vs 22.8%). Over the past eight quarters, CareTrust REIT, Inc.'s revenue compounded faster (46.2% CAGR vs 20.6%).
CareTrust REIT, Inc.CTREEarnings & Financial Report
Target Healthcare REIT is a British property investment company which invests in healthcare properties and holds a large portfolio of care homes. It is structured as a real estate investment trust (REIT) and is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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.
CTRE vs EPRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $134.9M | $158.8M |
| Net Profit | $111.3M | $60.0M |
| Gross Margin | — | — |
| Operating Margin | — | 56.5% |
| Net Margin | 82.5% | 37.8% |
| Revenue YoY | 55.1% | 22.8% |
| Net Profit YoY | 113.5% | 6.5% |
| EPS (diluted) | $0.52 | $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 | — | $158.8M | ||
| Q4 25 | $134.9M | $149.9M | ||
| Q3 25 | $132.4M | $144.9M | ||
| Q2 25 | $112.5M | $137.1M | ||
| Q1 25 | $96.6M | $129.4M | ||
| Q4 24 | $86.9M | $119.7M | ||
| Q3 24 | $77.4M | $117.1M | ||
| Q2 24 | $68.9M | $109.3M |
| Q1 26 | — | $60.0M | ||
| Q4 25 | $111.3M | $68.1M | ||
| Q3 25 | $74.9M | $65.6M | ||
| Q2 25 | $68.5M | $63.2M | ||
| Q1 25 | $65.8M | $56.1M | ||
| Q4 24 | $52.1M | $55.4M | ||
| Q3 24 | $33.4M | $49.1M | ||
| Q2 24 | $10.8M | $51.5M |
| Q1 26 | — | 56.5% | ||
| Q4 25 | — | 65.9% | ||
| Q3 25 | 58.1% | 64.7% | ||
| Q2 25 | 61.3% | 64.1% | ||
| Q1 25 | — | 61.6% | ||
| Q4 24 | — | 66.1% | ||
| Q3 24 | 43.0% | 59.7% | ||
| Q2 24 | 15.1% | 61.1% |
| Q1 26 | — | 37.8% | ||
| Q4 25 | 82.5% | 45.4% | ||
| Q3 25 | 56.6% | 45.3% | ||
| Q2 25 | 60.9% | 46.1% | ||
| Q1 25 | 68.1% | 43.4% | ||
| Q4 24 | 60.0% | 46.3% | ||
| Q3 24 | 43.2% | 42.0% | ||
| Q2 24 | 15.6% | 47.1% |
| Q1 26 | — | $0.28 | ||
| Q4 25 | $0.52 | $0.34 | ||
| Q3 25 | $0.35 | $0.33 | ||
| Q2 25 | $0.35 | $0.32 | ||
| Q1 25 | $0.35 | $0.29 | ||
| Q4 24 | $0.30 | $0.31 | ||
| Q3 24 | $0.21 | $0.27 | ||
| Q2 24 | $0.07 | $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 | $198.0M | $15.2M |
| Total DebtLower is stronger | $894.2M | — |
| Stockholders' EquityBook value | $4.0B | $4.4B |
| Total Assets | $5.1B | $7.2B |
| Debt / EquityLower = less leverage | 0.22× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $15.2M | ||
| Q4 25 | $198.0M | $60.2M | ||
| Q3 25 | $712.5M | $23.8M | ||
| Q2 25 | $306.1M | $20.8M | ||
| Q1 25 | $26.5M | $47.0M | ||
| Q4 24 | $213.8M | $40.7M | ||
| Q3 24 | $377.1M | $32.7M | ||
| Q2 24 | $495.1M | $23.6M |
| Q1 26 | — | — | ||
| Q4 25 | $894.2M | $2.5B | ||
| Q3 25 | $893.8M | $2.6B | ||
| Q2 25 | $1.2B | $2.3B | ||
| Q1 25 | $822.1M | $2.1B | ||
| Q4 24 | $396.9M | $2.1B | ||
| Q3 24 | $396.7M | $2.2B | ||
| Q2 24 | $671.1M | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $4.0B | $4.2B | ||
| Q3 25 | $4.0B | $3.8B | ||
| Q2 25 | $3.3B | $3.8B | ||
| Q1 25 | $2.9B | $3.8B | ||
| Q4 24 | $2.9B | $3.6B | ||
| Q3 24 | $2.4B | $3.2B | ||
| Q2 24 | $1.9B | $3.2B |
| Q1 26 | — | $7.2B | ||
| Q4 25 | $5.1B | $6.9B | ||
| Q3 25 | $5.1B | $6.6B | ||
| Q2 25 | $4.7B | $6.3B | ||
| Q1 25 | $3.9B | $6.1B | ||
| Q4 24 | $3.4B | $5.8B | ||
| Q3 24 | $2.9B | $5.5B | ||
| Q2 24 | $2.7B | $5.3B |
| Q1 26 | — | — | ||
| Q4 25 | 0.22× | 0.60× | ||
| Q3 25 | 0.22× | 0.69× | ||
| Q2 25 | 0.35× | 0.61× | ||
| Q1 25 | 0.28× | 0.56× | ||
| Q4 24 | 0.14× | 0.60× | ||
| Q3 24 | 0.16× | 0.69× | ||
| Q2 24 | 0.35× | 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 | $394.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.54× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $394.0M | $381.1M | ||
| Q3 25 | $100.9M | $99.0M | ||
| Q2 25 | $100.8M | $99.8M | ||
| Q1 25 | $71.4M | $77.2M | ||
| Q4 24 | $244.3M | $308.5M | ||
| Q3 24 | $67.2M | $73.5M | ||
| Q2 24 | $53.0M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | 3.54× | 5.60× | ||
| Q3 25 | 1.35× | 1.51× | ||
| Q2 25 | 1.47× | 1.58× | ||
| Q1 25 | 1.08× | 1.38× | ||
| Q4 24 | 4.68× | 5.57× | ||
| Q3 24 | 2.01× | 1.50× | ||
| Q2 24 | 4.92× | 1.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTRE
Segment breakdown not available.
EPRT
| Rental revenue 1,2 | $149.4M | 94% |
| Other | $8.6M | 5% |
| Other revenue | $779.0K | 0% |
