vs
Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and Gogo Inc. (GOGO). Click either name above to swap in a different company.
Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $158.8M, roughly 1.5× ESSENTIAL PROPERTIES REALTY TRUST, INC.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs -4.3%, a 42.1% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 22.8%). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% CAGR vs 20.6%).
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.
Gogo Inc. is an American provider of in-flight broadband Internet service and other connectivity services for business aircraft, headquartered in Broomfield, Colorado. Through its Gogo LLC subsidiary, Gogo previously provided in-flight WiFi to 17 airlines until the Commercial Air business was sold to Intelsat for $400 million in December 2020. According to Gogo, over 2,500 commercial aircraft and 6,600 business aircraft have been equipped with its onboard Wi-Fi services. The company is the de...
EPRT vs GOGO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.8M | $230.6M |
| Net Profit | $60.0M | $-10.0M |
| Gross Margin | — | — |
| Operating Margin | 56.5% | 6.2% |
| Net Margin | 37.8% | -4.3% |
| Revenue YoY | 22.8% | 67.3% |
| Net Profit YoY | 6.5% | 64.6% |
| EPS (diluted) | $0.28 | $-0.08 |
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 | $230.6M | ||
| Q3 25 | $144.9M | $223.6M | ||
| Q2 25 | $137.1M | $226.0M | ||
| Q1 25 | $129.4M | $230.3M | ||
| Q4 24 | $119.7M | $137.8M | ||
| Q3 24 | $117.1M | $100.5M | ||
| Q2 24 | $109.3M | $102.1M |
| Q1 26 | $60.0M | — | ||
| Q4 25 | $68.1M | $-10.0M | ||
| Q3 25 | $65.6M | $-1.9M | ||
| Q2 25 | $63.2M | $12.8M | ||
| Q1 25 | $56.1M | $12.0M | ||
| Q4 24 | $55.4M | $-28.2M | ||
| Q3 24 | $49.1M | $10.6M | ||
| Q2 24 | $51.5M | $839.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 87.8% | ||
| Q1 25 | — | 87.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | 56.5% | — | ||
| Q4 25 | 65.9% | 6.2% | ||
| Q3 25 | 64.7% | 12.9% | ||
| Q2 25 | 64.1% | 15.9% | ||
| Q1 25 | 61.6% | 15.3% | ||
| Q4 24 | 66.1% | -17.5% | ||
| Q3 24 | 59.7% | 19.0% | ||
| Q2 24 | 61.1% | 21.2% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 45.4% | -4.3% | ||
| Q3 25 | 45.3% | -0.9% | ||
| Q2 25 | 46.1% | 5.7% | ||
| Q1 25 | 43.4% | 5.2% | ||
| Q4 24 | 46.3% | -20.5% | ||
| Q3 24 | 42.0% | 10.6% | ||
| Q2 24 | 47.1% | 0.8% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.34 | $-0.08 | ||
| Q3 25 | $0.33 | $-0.01 | ||
| Q2 25 | $0.32 | $0.09 | ||
| Q1 25 | $0.29 | $0.09 | ||
| Q4 24 | $0.31 | $-0.22 | ||
| Q3 24 | $0.27 | $0.08 | ||
| Q2 24 | $0.29 | $0.01 |
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 | $125.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.4B | $101.1M |
| Total Assets | $7.2B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.2M | — | ||
| Q4 25 | $60.2M | $125.2M | ||
| Q3 25 | $23.8M | $133.6M | ||
| Q2 25 | $20.8M | $102.1M | ||
| Q1 25 | $47.0M | $70.3M | ||
| Q4 24 | $40.7M | $41.8M | ||
| Q3 24 | $32.7M | $176.7M | ||
| Q2 24 | $23.6M | $161.6M |
| 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 | $101.1M | ||
| Q3 25 | $3.8B | $107.0M | ||
| Q2 25 | $3.8B | $102.8M | ||
| Q1 25 | $3.8B | $82.9M | ||
| Q4 24 | $3.6B | $69.3M | ||
| Q3 24 | $3.2B | $52.7M | ||
| Q2 24 | $3.2B | $52.0M |
| Q1 26 | $7.2B | — | ||
| Q4 25 | $6.9B | $1.3B | ||
| Q3 25 | $6.6B | $1.3B | ||
| Q2 25 | $6.3B | $1.3B | ||
| Q1 25 | $6.1B | $1.2B | ||
| Q4 24 | $5.8B | $1.2B | ||
| Q3 24 | $5.5B | $810.7M | ||
| Q2 24 | $5.3B | $802.7M |
| 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 | — | $8.5M |
| Free Cash FlowOCF − Capex | — | $-25.4M |
| FCF MarginFCF / Revenue | — | -11.0% |
| Capex IntensityCapex / Revenue | — | 14.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $65.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $381.1M | $8.5M | ||
| Q3 25 | $99.0M | $46.8M | ||
| Q2 25 | $99.8M | $36.7M | ||
| Q1 25 | $77.2M | $32.5M | ||
| Q4 24 | $308.5M | $-38.3M | ||
| Q3 24 | $73.5M | $25.1M | ||
| Q2 24 | $81.1M | $24.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-25.4M | ||
| Q3 25 | — | $27.3M | ||
| Q2 25 | — | $33.5M | ||
| Q1 25 | — | $29.7M | ||
| Q4 24 | — | $-42.6M | ||
| Q3 24 | — | $20.7M | ||
| Q2 24 | — | $21.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | -11.0% | ||
| Q3 25 | — | 12.2% | ||
| Q2 25 | — | 14.8% | ||
| Q1 25 | — | 12.9% | ||
| Q4 24 | — | -30.9% | ||
| Q3 24 | — | 20.6% | ||
| Q2 24 | — | 21.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.7% | ||
| Q3 25 | — | 8.7% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 5.60× | — | ||
| Q3 25 | 1.51× | — | ||
| Q2 25 | 1.58× | 2.87× | ||
| Q1 25 | 1.38× | 2.70× | ||
| Q4 24 | 5.57× | — | ||
| Q3 24 | 1.50× | 2.36× | ||
| Q2 24 | 1.57× | 29.74× |
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% |
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
