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Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and FORRESTER RESEARCH, INC. (FORR). 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 $101.1M, roughly 1.6× FORRESTER RESEARCH, INC.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs -33.5%, a 71.3% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs -6.5%). Over the past eight quarters, ESSENTIAL PROPERTIES REALTY TRUST, INC.'s revenue compounded faster (20.6% CAGR vs 0.5%).
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.
Forrester Research, Inc. is a research and advisory firm working in research, consulting and events. Forrester’s clients include large global business, technology and consumer enterprises. The firm is headquartered in Cambridge, MA.
EPRT vs FORR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.8M | $101.1M |
| Net Profit | $60.0M | $-33.9M |
| Gross Margin | — | 56.7% |
| Operating Margin | 56.5% | -36.6% |
| Net Margin | 37.8% | -33.5% |
| Revenue YoY | 22.8% | -6.5% |
| Net Profit YoY | 6.5% | -7941.4% |
| EPS (diluted) | $0.28 | $-1.75 |
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 | $101.1M | ||
| Q3 25 | $144.9M | $94.3M | ||
| Q2 25 | $137.1M | $111.7M | ||
| Q1 25 | $129.4M | $89.9M | ||
| Q4 24 | $119.7M | $108.0M | ||
| Q3 24 | $117.1M | $102.5M | ||
| Q2 24 | $109.3M | $121.8M |
| Q1 26 | $60.0M | — | ||
| Q4 25 | $68.1M | $-33.9M | ||
| Q3 25 | $65.6M | $-2.1M | ||
| Q2 25 | $63.2M | $3.9M | ||
| Q1 25 | $56.1M | $-87.3M | ||
| Q4 24 | $55.4M | $432.0K | ||
| Q3 24 | $49.1M | $-5.8M | ||
| Q2 24 | $51.5M | $6.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 56.7% | ||
| Q3 25 | — | 60.0% | ||
| Q2 25 | — | 55.5% | ||
| Q1 25 | — | 55.9% | ||
| Q4 24 | — | 58.8% | ||
| Q3 24 | — | 60.5% | ||
| Q2 24 | — | 57.3% |
| Q1 26 | 56.5% | — | ||
| Q4 25 | 65.9% | -36.6% | ||
| Q3 25 | 64.7% | 4.7% | ||
| Q2 25 | 64.1% | 6.2% | ||
| Q1 25 | 61.6% | -97.5% | ||
| Q4 24 | 66.1% | -0.5% | ||
| Q3 24 | 59.7% | -0.7% | ||
| Q2 24 | 61.1% | 9.3% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 45.4% | -33.5% | ||
| Q3 25 | 45.3% | -2.3% | ||
| Q2 25 | 46.1% | 3.5% | ||
| Q1 25 | 43.4% | -97.1% | ||
| Q4 24 | 46.3% | 0.4% | ||
| Q3 24 | 42.0% | -5.7% | ||
| Q2 24 | 47.1% | 5.2% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.34 | $-1.75 | ||
| Q3 25 | $0.33 | $-0.11 | ||
| Q2 25 | $0.32 | $0.20 | ||
| Q1 25 | $0.29 | $-4.62 | ||
| Q4 24 | $0.31 | $0.02 | ||
| Q3 24 | $0.27 | $-0.30 | ||
| Q2 24 | $0.29 | $0.33 |
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 | $63.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.4B | $126.5M |
| Total Assets | $7.2B | $404.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.2M | — | ||
| Q4 25 | $60.2M | $63.3M | ||
| Q3 25 | $23.8M | $65.1M | ||
| Q2 25 | $20.8M | $67.8M | ||
| Q1 25 | $47.0M | $75.6M | ||
| Q4 24 | $40.7M | $56.1M | ||
| Q3 24 | $32.7M | $62.8M | ||
| Q2 24 | $23.6M | $58.9M |
| 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 | $4.4B | — | ||
| Q4 25 | $4.2B | $126.5M | ||
| Q3 25 | $3.8B | $157.7M | ||
| Q2 25 | $3.8B | $159.5M | ||
| Q1 25 | $3.8B | $147.4M | ||
| Q4 24 | $3.6B | $229.5M | ||
| Q3 24 | $3.2B | $234.3M | ||
| Q2 24 | $3.2B | $237.1M |
| Q1 26 | $7.2B | — | ||
| Q4 25 | $6.9B | $404.0M | ||
| Q3 25 | $6.6B | $414.2M | ||
| Q2 25 | $6.3B | $436.0M | ||
| Q1 25 | $6.1B | $439.8M | ||
| Q4 24 | $5.8B | $503.9M | ||
| Q3 24 | $5.5B | $505.3M | ||
| Q2 24 | $5.3B | $524.2M |
| 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 | — | $-3.2M |
| Free Cash FlowOCF − Capex | — | $-4.3M |
| FCF MarginFCF / Revenue | — | -4.2% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $381.1M | $-3.2M | ||
| Q3 25 | $99.0M | $1.2M | ||
| Q2 25 | $99.8M | $-3.6M | ||
| Q1 25 | $77.2M | $26.7M | ||
| Q4 24 | $308.5M | $-1.8M | ||
| Q3 24 | $73.5M | $264.0K | ||
| Q2 24 | $81.1M | $-2.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-4.3M | ||
| Q3 25 | — | $524.0K | ||
| Q2 25 | — | $-4.2M | ||
| Q1 25 | — | $26.1M | ||
| Q4 24 | — | $-2.5M | ||
| Q3 24 | — | $-223.0K | ||
| Q2 24 | — | $-3.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | -4.2% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | -3.8% | ||
| Q1 25 | — | 29.0% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | — | -0.2% | ||
| Q2 24 | — | -3.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 5.60× | — | ||
| Q3 25 | 1.51× | — | ||
| Q2 25 | 1.58× | -0.93× | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 5.57× | -4.24× | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 1.57× | -0.46× |
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% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
