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Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and HUTCHMED (China) Ltd (HCM). Click either name above to swap in a different company.

HUTCHMED (China) Ltd is the larger business by last-quarter revenue ($270.8M vs $158.8M, roughly 1.7× ESSENTIAL PROPERTIES REALTY TRUST, INC.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs 0.7%, a 37.0% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs -16.5%).

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.

HUTCHMED (China) Ltd is a biopharmaceutical firm focused on discovering, developing and commercializing targeted and immunotherapies for oncology and immunological diseases. It operates across China and global markets, with multiple marketed oncology drugs and a robust pipeline of late-stage clinical candidates addressing unmet patient needs.

EPRT vs HCM — Head-to-Head

Bigger by revenue
HCM
HCM
1.7× larger
HCM
$270.8M
$158.8M
EPRT
Growing faster (revenue YoY)
EPRT
EPRT
+39.3% gap
EPRT
22.8%
-16.5%
HCM
Higher net margin
EPRT
EPRT
37.0% more per $
EPRT
37.8%
0.7%
HCM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
EPRT
EPRT
HCM
HCM
Revenue
$158.8M
$270.8M
Net Profit
$60.0M
$2.0M
Gross Margin
37.7%
Operating Margin
56.5%
-13.2%
Net Margin
37.8%
0.7%
Revenue YoY
22.8%
-16.5%
Net Profit YoY
6.5%
-83.6%
EPS (diluted)
$0.28
$0.00

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
EPRT
EPRT
HCM
HCM
Q1 26
$158.8M
Q4 25
$149.9M
$270.8M
Q3 25
$144.9M
Q2 25
$137.1M
$277.7M
Q1 25
$129.4M
$324.5M
Q4 24
$119.7M
Q3 24
$117.1M
Q2 24
$109.3M
$305.7M
Net Profit
EPRT
EPRT
HCM
HCM
Q1 26
$60.0M
Q4 25
$68.1M
$2.0M
Q3 25
$65.6M
Q2 25
$63.2M
$455.0M
Q1 25
$56.1M
$11.9M
Q4 24
$55.4M
Q3 24
$49.1M
Q2 24
$51.5M
$25.8M
Gross Margin
EPRT
EPRT
HCM
HCM
Q1 26
Q4 25
37.7%
Q3 25
Q2 25
0.1%
Q1 25
48.0%
Q4 24
Q3 24
Q2 24
41.1%
Operating Margin
EPRT
EPRT
HCM
HCM
Q1 26
56.5%
Q4 25
65.9%
-13.2%
Q3 25
64.7%
Q2 25
64.1%
-1.3%
Q1 25
61.6%
-5.0%
Q4 24
66.1%
Q3 24
59.7%
Q2 24
61.1%
-9.0%
Net Margin
EPRT
EPRT
HCM
HCM
Q1 26
37.8%
Q4 25
45.4%
0.7%
Q3 25
45.3%
Q2 25
46.1%
163.8%
Q1 25
43.4%
3.7%
Q4 24
46.3%
Q3 24
42.0%
Q2 24
47.1%
8.4%
EPS (diluted)
EPRT
EPRT
HCM
HCM
Q1 26
$0.28
Q4 25
$0.34
$0.00
Q3 25
$0.33
Q2 25
$0.32
$0.52
Q1 25
$0.29
$0.01
Q4 24
$0.31
Q3 24
$0.27
Q2 24
$0.29
$0.03

Balance Sheet & Financial Strength

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

Metric
EPRT
EPRT
HCM
HCM
Cash + ST InvestmentsLiquidity on hand
$15.2M
$1.4B
Total DebtLower is stronger
$93.2M
Stockholders' EquityBook value
$4.4B
$1.2B
Total Assets
$7.2B
$1.8B
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPRT
EPRT
HCM
HCM
Q1 26
$15.2M
Q4 25
$60.2M
$1.4B
Q3 25
$23.8M
Q2 25
$20.8M
$1.4B
Q1 25
$47.0M
$836.1M
Q4 24
$40.7M
Q3 24
$32.7M
Q2 24
$23.6M
$802.5M
Total Debt
EPRT
EPRT
HCM
HCM
Q1 26
Q4 25
$2.5B
$93.2M
Q3 25
$2.6B
Q2 25
$2.3B
$93.4M
Q1 25
$2.1B
$82.8M
Q4 24
$2.1B
Q3 24
$2.2B
Q2 24
$1.9B
$82.1M
Stockholders' Equity
EPRT
EPRT
HCM
HCM
Q1 26
$4.4B
Q4 25
$4.2B
$1.2B
Q3 25
$3.8B
Q2 25
$3.8B
$1.2B
Q1 25
$3.8B
$759.9M
Q4 24
$3.6B
Q3 24
$3.2B
Q2 24
$3.2B
$740.1M
Total Assets
EPRT
EPRT
HCM
HCM
Q1 26
$7.2B
Q4 25
$6.9B
$1.8B
Q3 25
$6.6B
Q2 25
$6.3B
$1.8B
Q1 25
$6.1B
$1.3B
Q4 24
$5.8B
Q3 24
$5.5B
Q2 24
$5.3B
$1.3B
Debt / Equity
EPRT
EPRT
HCM
HCM
Q1 26
Q4 25
0.60×
0.08×
Q3 25
0.69×
Q2 25
0.61×
0.08×
Q1 25
0.56×
0.11×
Q4 24
0.60×
Q3 24
0.69×
Q2 24
0.59×
0.11×

Cash Flow & Capital Efficiency

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

Metric
EPRT
EPRT
HCM
HCM
Operating Cash FlowLast quarter
$8.2M
Free Cash FlowOCF − Capex
$3.4M
FCF MarginFCF / Revenue
1.2%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
4.21×
TTM Free Cash FlowTrailing 4 quarters
$-96.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPRT
EPRT
HCM
HCM
Q1 26
Q4 25
$381.1M
$8.2M
Q3 25
$99.0M
Q2 25
$99.8M
$-72.9M
Q1 25
$77.2M
$40.3M
Q4 24
$308.5M
Q3 24
$73.5M
Q2 24
$81.1M
$-39.8M
Free Cash Flow
EPRT
EPRT
HCM
HCM
Q1 26
Q4 25
$3.4M
Q3 25
Q2 25
$-82.2M
Q1 25
$32.5M
Q4 24
Q3 24
Q2 24
$-49.9M
FCF Margin
EPRT
EPRT
HCM
HCM
Q1 26
Q4 25
1.2%
Q3 25
Q2 25
-29.6%
Q1 25
10.0%
Q4 24
Q3 24
Q2 24
-16.3%
Capex Intensity
EPRT
EPRT
HCM
HCM
Q1 26
Q4 25
1.8%
Q3 25
Q2 25
3.3%
Q1 25
2.4%
Q4 24
Q3 24
Q2 24
3.3%
Cash Conversion
EPRT
EPRT
HCM
HCM
Q1 26
Q4 25
5.60×
4.21×
Q3 25
1.51×
Q2 25
1.58×
-0.16×
Q1 25
1.38×
3.38×
Q4 24
5.57×
Q3 24
1.50×
Q2 24
1.57×
-1.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EPRT
EPRT

Rental revenue 1,2$149.4M94%
Other$8.6M5%
Other revenue$779.0K0%

HCM
HCM

Segment breakdown not available.

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