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Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and Forestar Group Inc. (FOR). Click either name above to swap in a different company.
Forestar Group Inc. is the larger business by last-quarter revenue ($273.0M vs $158.8M, roughly 1.7× ESSENTIAL PROPERTIES REALTY TRUST, INC.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs 5.6%, a 32.1% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs 9.0%). Over the past eight quarters, ESSENTIAL PROPERTIES REALTY TRUST, INC.'s revenue compounded faster (20.6% CAGR vs -9.6%).
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.
Forestar Group Inc. is a residential lot development company based in Arlington, Texas. The company has operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The company is publicly traded on the New York Stock Exchange and in October 2017 became a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. The company primarily acquires entitled real estate and...
EPRT vs FOR — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $158.8M | $273.0M |
| Net Profit | $60.0M | $15.4M |
| Gross Margin | — | 20.1% |
| Operating Margin | 56.5% | 7.6% |
| Net Margin | 37.8% | 5.6% |
| Revenue YoY | 22.8% | 9.0% |
| Net Profit YoY | 6.5% | -6.7% |
| EPS (diluted) | $0.28 | $0.30 |
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 | $149.9M | $273.0M | ||
| Q3 25 | $144.9M | $670.5M | ||
| Q2 25 | $137.1M | $390.5M | ||
| Q1 25 | $129.4M | $351.0M | ||
| Q4 24 | $119.7M | $250.4M | ||
| Q3 24 | $117.1M | $551.3M | ||
| Q2 24 | $109.3M | $318.4M |
| Q1 26 | $60.0M | — | ||
| Q4 25 | $68.1M | $15.4M | ||
| Q3 25 | $65.6M | $86.9M | ||
| Q2 25 | $63.2M | $32.9M | ||
| Q1 25 | $56.1M | $31.6M | ||
| Q4 24 | $55.4M | $16.5M | ||
| Q3 24 | $49.1M | $81.5M | ||
| Q2 24 | $51.5M | $38.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% |
| Q1 26 | 56.5% | — | ||
| Q4 25 | 65.9% | 7.6% | ||
| Q3 25 | 64.7% | 16.9% | ||
| Q2 25 | 64.1% | 11.2% | ||
| Q1 25 | 61.6% | 11.6% | ||
| Q4 24 | 66.1% | 8.7% | ||
| Q3 24 | 59.7% | 19.7% | ||
| Q2 24 | 61.1% | 16.2% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 45.4% | 5.6% | ||
| Q3 25 | 45.3% | 13.0% | ||
| Q2 25 | 46.1% | 8.4% | ||
| Q1 25 | 43.4% | 9.0% | ||
| Q4 24 | 46.3% | 6.6% | ||
| Q3 24 | 42.0% | 14.8% | ||
| Q2 24 | 47.1% | 12.2% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.34 | $0.30 | ||
| Q3 25 | $0.33 | $1.70 | ||
| Q2 25 | $0.32 | $0.65 | ||
| Q1 25 | $0.29 | $0.62 | ||
| Q4 24 | $0.31 | $0.32 | ||
| Q3 24 | $0.27 | $1.59 | ||
| Q2 24 | $0.29 | $0.76 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $15.2M | $211.7M |
| Total DebtLower is stronger | — | $793.2M |
| Stockholders' EquityBook value | $4.4B | $1.8B |
| Total Assets | $7.2B | $3.2B |
| Debt / EquityLower = less leverage | — | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.2M | — | ||
| Q4 25 | $60.2M | $211.7M | ||
| Q3 25 | $23.8M | $379.2M | ||
| Q2 25 | $20.8M | $189.2M | ||
| Q1 25 | $47.0M | $174.3M | ||
| Q4 24 | $40.7M | $132.0M | ||
| Q3 24 | $32.7M | $481.2M | ||
| Q2 24 | $23.6M | $359.2M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $793.2M | ||
| Q3 25 | $2.6B | $802.7M | ||
| Q2 25 | $2.3B | $872.8M | ||
| Q1 25 | $2.1B | $872.5M | ||
| Q4 24 | $2.1B | $806.8M | ||
| Q3 24 | $2.2B | $706.4M | ||
| Q2 24 | $1.9B | $706.1M |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | $1.8B | ||
| Q3 25 | $3.8B | $1.8B | ||
| Q2 25 | $3.8B | $1.7B | ||
| Q1 25 | $3.8B | $1.6B | ||
| Q4 24 | $3.6B | $1.6B | ||
| Q3 24 | $3.2B | $1.6B | ||
| Q2 24 | $3.2B | $1.5B |
| Q1 26 | $7.2B | — | ||
| Q4 25 | $6.9B | $3.2B | ||
| Q3 25 | $6.6B | $3.1B | ||
| Q2 25 | $6.3B | $3.1B | ||
| Q1 25 | $6.1B | $3.0B | ||
| Q4 24 | $5.8B | $3.0B | ||
| Q3 24 | $5.5B | $2.8B | ||
| Q2 24 | $5.3B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.60× | 0.44× | ||
| Q3 25 | 0.69× | 0.45× | ||
| Q2 25 | 0.61× | 0.52× | ||
| Q1 25 | 0.56× | 0.53× | ||
| Q4 24 | 0.60× | 0.50× | ||
| Q3 24 | 0.69× | 0.44× | ||
| Q2 24 | 0.59× | 0.47× |
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 | — | $-157.0M |
| Free Cash FlowOCF − Capex | — | $-157.1M |
| FCF MarginFCF / Revenue | — | -57.5% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | -10.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $381.1M | $-157.0M | ||
| Q3 25 | $99.0M | $256.3M | ||
| Q2 25 | $99.8M | $15.8M | ||
| Q1 25 | $77.2M | $-19.8M | ||
| Q4 24 | $308.5M | $-450.0M | ||
| Q3 24 | $73.5M | $119.2M | ||
| Q2 24 | $81.1M | $-61.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-157.1M | ||
| Q3 25 | — | $255.6M | ||
| Q2 25 | — | $15.0M | ||
| Q1 25 | — | $-20.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $118.4M | ||
| Q2 24 | — | $-62.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | -57.5% | ||
| Q3 25 | — | 38.1% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | -5.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 21.5% | ||
| Q2 24 | — | -19.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | 5.60× | -10.19× | ||
| Q3 25 | 1.51× | 2.95× | ||
| Q2 25 | 1.58× | 0.48× | ||
| Q1 25 | 1.38× | -0.63× | ||
| Q4 24 | 5.57× | -27.27× | ||
| Q3 24 | 1.50× | 1.46× | ||
| Q2 24 | 1.57× | -1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPRT
| Rental revenue 1,2 | $149.4M | 94% |
| Other | $8.6M | 5% |
| Other revenue | $779.0K | 0% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
