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Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and Grand Canyon Education, Inc. (LOPE). Click either name above to swap in a different company.
Grand Canyon Education, Inc. is the larger business by last-quarter revenue ($308.1M vs $158.8M, roughly 1.9× ESSENTIAL PROPERTIES REALTY TRUST, INC.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs 28.1%, a 9.6% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs 5.3%). Over the past eight quarters, ESSENTIAL PROPERTIES REALTY TRUST, INC.'s revenue compounded faster (20.6% CAGR vs 5.9%).
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.
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
EPRT vs LOPE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.8M | $308.1M |
| Net Profit | $60.0M | $86.7M |
| Gross Margin | — | — |
| Operating Margin | 56.5% | 35.1% |
| Net Margin | 37.8% | 28.1% |
| Revenue YoY | 22.8% | 5.3% |
| Net Profit YoY | 6.5% | 5.9% |
| EPS (diluted) | $0.28 | $3.13 |
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 | $308.1M | ||
| Q3 25 | $144.9M | $261.1M | ||
| Q2 25 | $137.1M | $247.5M | ||
| Q1 25 | $129.4M | $289.3M | ||
| Q4 24 | $119.7M | $292.6M | ||
| Q3 24 | $117.1M | $238.3M | ||
| Q2 24 | $109.3M | $227.5M |
| Q1 26 | $60.0M | — | ||
| Q4 25 | $68.1M | $86.7M | ||
| Q3 25 | $65.6M | $16.3M | ||
| Q2 25 | $63.2M | $41.5M | ||
| Q1 25 | $56.1M | $71.6M | ||
| Q4 24 | $55.4M | $81.9M | ||
| Q3 24 | $49.1M | $41.5M | ||
| Q2 24 | $51.5M | $34.9M |
| Q1 26 | 56.5% | — | ||
| Q4 25 | 65.9% | 35.1% | ||
| Q3 25 | 64.7% | 6.9% | ||
| Q2 25 | 64.1% | 20.9% | ||
| Q1 25 | 61.6% | 30.4% | ||
| Q4 24 | 66.1% | 34.2% | ||
| Q3 24 | 59.7% | 20.2% | ||
| Q2 24 | 61.1% | 18.8% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 45.4% | 28.1% | ||
| Q3 25 | 45.3% | 6.2% | ||
| Q2 25 | 46.1% | 16.8% | ||
| Q1 25 | 43.4% | 24.8% | ||
| Q4 24 | 46.3% | 28.0% | ||
| Q3 24 | 42.0% | 17.4% | ||
| Q2 24 | 47.1% | 15.3% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.34 | $3.13 | ||
| Q3 25 | $0.33 | $0.58 | ||
| Q2 25 | $0.32 | $1.48 | ||
| Q1 25 | $0.29 | $2.52 | ||
| Q4 24 | $0.31 | $2.83 | ||
| Q3 24 | $0.27 | $1.42 | ||
| Q2 24 | $0.29 | $1.19 |
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 | $111.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.4B | $746.9M |
| Total Assets | $7.2B | $992.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.2M | — | ||
| Q4 25 | $60.2M | $111.8M | ||
| Q3 25 | $23.8M | $97.3M | ||
| Q2 25 | $20.8M | $192.3M | ||
| Q1 25 | $47.0M | $144.5M | ||
| Q4 24 | $40.7M | $324.6M | ||
| Q3 24 | $32.7M | $263.6M | ||
| Q2 24 | $23.6M | $241.3M |
| 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 | $746.9M | ||
| Q3 25 | $3.8B | $758.0M | ||
| Q2 25 | $3.8B | $778.0M | ||
| Q1 25 | $3.8B | $780.7M | ||
| Q4 24 | $3.6B | $783.9M | ||
| Q3 24 | $3.2B | $764.1M | ||
| Q2 24 | $3.2B | $759.2M |
| Q1 26 | $7.2B | — | ||
| Q4 25 | $6.9B | $992.3M | ||
| Q3 25 | $6.6B | $1.0B | ||
| Q2 25 | $6.3B | $1.0B | ||
| Q1 25 | $6.1B | $1.0B | ||
| Q4 24 | $5.8B | $1.0B | ||
| Q3 24 | $5.5B | $992.9M | ||
| Q2 24 | $5.3B | $992.7M |
| 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 | — | $130.5M |
| Free Cash FlowOCF − Capex | — | $122.9M |
| FCF MarginFCF / Revenue | — | 39.9% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | — | 1.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $381.1M | $130.5M | ||
| Q3 25 | $99.0M | $-48.6M | ||
| Q2 25 | $99.8M | $124.0M | ||
| Q1 25 | $77.2M | $67.6M | ||
| Q4 24 | $308.5M | $135.8M | ||
| Q3 24 | $73.5M | $-29.4M | ||
| Q2 24 | $81.1M | $98.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $122.9M | ||
| Q3 25 | — | $-58.3M | ||
| Q2 25 | — | $115.4M | ||
| Q1 25 | — | $58.7M | ||
| Q4 24 | — | $126.1M | ||
| Q3 24 | — | $-39.0M | ||
| Q2 24 | — | $89.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 39.9% | ||
| Q3 25 | — | -22.3% | ||
| Q2 25 | — | 46.6% | ||
| Q1 25 | — | 20.3% | ||
| Q4 24 | — | 43.1% | ||
| Q3 24 | — | -16.3% | ||
| Q2 24 | — | 39.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 3.9% |
| Q1 26 | — | — | ||
| Q4 25 | 5.60× | 1.50× | ||
| Q3 25 | 1.51× | -2.99× | ||
| Q2 25 | 1.58× | 2.98× | ||
| Q1 25 | 1.38× | 0.94× | ||
| Q4 24 | 5.57× | 1.66× | ||
| Q3 24 | 1.50× | -0.71× | ||
| Q2 24 | 1.57× | 2.83× |
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% |
LOPE
Segment breakdown not available.
