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Side-by-side financial comparison of EPR PROPERTIES (EPR) and TXO Partners, L.P. (TXO). Click either name above to swap in a different company.

EPR PROPERTIES is the larger business by last-quarter revenue ($181.3M vs $103.7M, roughly 1.7× TXO Partners, L.P.). EPR PROPERTIES runs the higher net margin — 34.5% vs -27.2%, a 61.8% gap on every dollar of revenue. On growth, TXO Partners, L.P. posted the faster year-over-year revenue change (14.5% vs 3.6%). Over the past eight quarters, TXO Partners, L.P.'s revenue compounded faster (23.1% CAGR vs 2.3%).

EPR Properties, formerly Entertainment Properties Trust, is a real estate investment trust based in Kansas City, Missouri, that invests in amusement parks, movie theaters, ski resorts, and other entertainment properties. It owns 353 properties as of 2022.

TXO Partners, L.P. is a U.S.-based energy sector master limited partnership. It acquires, develops and manages oil and natural gas assets across key North American production basins, with operations covering upstream exploration, production and midstream transportation, serving industrial, utility and wholesale energy clients.

EPR vs TXO — Head-to-Head

Bigger by revenue
EPR
EPR
1.7× larger
EPR
$181.3M
$103.7M
TXO
Growing faster (revenue YoY)
TXO
TXO
+10.9% gap
TXO
14.5%
3.6%
EPR
Higher net margin
EPR
EPR
61.8% more per $
EPR
34.5%
-27.2%
TXO
Faster 2-yr revenue CAGR
TXO
TXO
Annualised
TXO
23.1%
2.3%
EPR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
EPR
EPR
TXO
TXO
Revenue
$181.3M
$103.7M
Net Profit
$62.6M
$-28.3M
Gross Margin
Operating Margin
55.5%
-26.1%
Net Margin
34.5%
-27.2%
Revenue YoY
3.6%
14.5%
Net Profit YoY
845.8%
-376.5%
EPS (diluted)
$0.74
$-0.57

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
EPR
EPR
TXO
TXO
Q1 26
$181.3M
Q4 25
$182.9M
$103.7M
Q3 25
$182.3M
$90.6M
Q2 25
$178.1M
$75.0M
Q1 25
$175.0M
$93.8M
Q4 24
$177.2M
$90.6M
Q3 24
$180.5M
$69.3M
Q2 24
$173.1M
$57.0M
Net Profit
EPR
EPR
TXO
TXO
Q1 26
$62.6M
Q4 25
$66.9M
$-28.3M
Q3 25
$66.6M
$4.4M
Q2 25
$75.6M
$-135.0K
Q1 25
$65.8M
$2.4M
Q4 24
$-8.4M
$10.2M
Q3 24
$46.6M
$203.0K
Q2 24
$45.1M
$2.8M
Operating Margin
EPR
EPR
TXO
TXO
Q1 26
55.5%
Q4 25
56.8%
-26.1%
Q3 25
53.5%
4.2%
Q2 25
62.5%
-5.0%
Q1 25
58.1%
-3.8%
Q4 24
25.5%
6.1%
Q3 24
51.4%
-7.2%
Q2 24
45.9%
-17.7%
Net Margin
EPR
EPR
TXO
TXO
Q1 26
34.5%
Q4 25
36.6%
-27.2%
Q3 25
36.5%
4.8%
Q2 25
42.5%
-0.2%
Q1 25
37.6%
2.6%
Q4 24
-4.7%
11.3%
Q3 24
25.8%
0.3%
Q2 24
26.1%
4.9%
EPS (diluted)
EPR
EPR
TXO
TXO
Q1 26
$0.74
Q4 25
$0.80
$-0.57
Q3 25
$0.79
$0.08
Q2 25
$0.91
$0.00
Q1 25
$0.78
$0.06
Q4 24
$-0.19
$0.22
Q3 24
$0.53
$0.01
Q2 24
$0.51
$0.09

Balance Sheet & Financial Strength

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

Metric
EPR
EPR
TXO
TXO
Cash + ST InvestmentsLiquidity on hand
$68.5M
$9.4M
Total DebtLower is stronger
$291.1M
Stockholders' EquityBook value
$2.3B
Total Assets
$5.7B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPR
EPR
TXO
TXO
Q1 26
$68.5M
Q4 25
$90.6M
$9.4M
Q3 25
$13.7M
$5.3M
Q2 25
$13.0M
$8.0M
Q1 25
$20.6M
$10.8M
Q4 24
$22.1M
$7.3M
Q3 24
$35.3M
$3.8M
Q2 24
$33.7M
$76.0M
Total Debt
EPR
EPR
TXO
TXO
Q1 26
Q4 25
$2.9B
$291.1M
Q3 25
$2.8B
$271.1M
Q2 25
$2.8B
$19.1M
Q1 25
$2.8B
$162.1M
Q4 24
$2.9B
$157.1M
Q3 24
$2.9B
$155.1M
Q2 24
$2.8B
$7.1M
Stockholders' Equity
EPR
EPR
TXO
TXO
Q1 26
$2.3B
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.4B
Q2 24
$2.4B
Total Assets
EPR
EPR
TXO
TXO
Q1 26
$5.7B
Q4 25
$5.7B
$1.4B
Q3 25
$5.5B
$1.4B
Q2 25
$5.6B
$1.0B
Q1 25
$5.5B
$1.0B
Q4 24
$5.6B
$1.0B
Q3 24
$5.7B
$1.0B
Q2 24
$5.6B
$774.5M
Debt / Equity
EPR
EPR
TXO
TXO
Q1 26
Q4 25
1.26×
Q3 25
1.19×
Q2 25
1.20×
Q1 25
1.20×
Q4 24
1.23×
Q3 24
1.19×
Q2 24
1.16×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EPR
EPR
TXO
TXO
Operating Cash FlowLast quarter
$113.4M
$32.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPR
EPR
TXO
TXO
Q1 26
$113.4M
Q4 25
$421.0M
$32.5M
Q3 25
$136.5M
$28.3M
Q2 25
$87.3M
$26.9M
Q1 25
$99.4M
$30.6M
Q4 24
$393.1M
$40.5M
Q3 24
$122.0M
$20.7M
Q2 24
$78.7M
$22.9M
Free Cash Flow
EPR
EPR
TXO
TXO
Q1 26
Q4 25
$269.2M
Q3 25
$132.1M
Q2 25
$82.4M
Q1 25
$84.7M
Q4 24
$129.2M
Q3 24
$121.5M
Q2 24
$71.3M
FCF Margin
EPR
EPR
TXO
TXO
Q1 26
Q4 25
147.1%
Q3 25
72.5%
Q2 25
46.3%
Q1 25
48.4%
Q4 24
72.9%
Q3 24
67.3%
Q2 24
41.2%
Capex Intensity
EPR
EPR
TXO
TXO
Q1 26
0.1%
Q4 25
82.9%
Q3 25
2.4%
Q2 25
2.7%
Q1 25
8.4%
Q4 24
148.9%
Q3 24
0.3%
Q2 24
4.2%
Cash Conversion
EPR
EPR
TXO
TXO
Q1 26
1.81×
Q4 25
6.29×
Q3 25
2.05×
6.50×
Q2 25
1.15×
Q1 25
1.51×
12.67×
Q4 24
3.96×
Q3 24
2.62×
102.02×
Q2 24
1.74×
8.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EPR
EPR

Rental revenue$155.2M86%
Mortgage and other financing income$16.0M9%
Other$10.1M6%

TXO
TXO

Oil And Condensate$92.8M89%
Natural Gas Liquids Reserves$8.2M8%
Other$2.8M3%

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