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Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and Ramaco Resources, Inc. (METC). 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 $121.0M, roughly 1.3× Ramaco Resources, Inc.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs -11.0%, a 48.8% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs -27.7%). Over the past eight quarters, ESSENTIAL PROPERTIES REALTY TRUST, INC.'s revenue compounded faster (20.6% CAGR vs -22.7%).
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.
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
EPRT vs METC — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.8M | $121.0M |
| Net Profit | $60.0M | $-13.3M |
| Gross Margin | — | 15.8% |
| Operating Margin | 56.5% | -12.0% |
| Net Margin | 37.8% | -11.0% |
| Revenue YoY | 22.8% | -27.7% |
| Net Profit YoY | 6.5% | -5468.2% |
| EPS (diluted) | $0.28 | — |
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 | — | ||
| Q3 25 | $144.9M | $121.0M | ||
| Q2 25 | $137.1M | $153.0M | ||
| Q1 25 | $129.4M | $134.7M | ||
| Q4 24 | $119.7M | $170.9M | ||
| Q3 24 | $117.1M | $167.4M | ||
| Q2 24 | $109.3M | $155.3M |
| Q1 26 | $60.0M | — | ||
| Q4 25 | $68.1M | — | ||
| Q3 25 | $65.6M | $-13.3M | ||
| Q2 25 | $63.2M | $-14.0M | ||
| Q1 25 | $56.1M | $-9.5M | ||
| Q4 24 | $55.4M | $3.9M | ||
| Q3 24 | $49.1M | $-239.0K | ||
| Q2 24 | $51.5M | $5.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 15.2% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 19.5% | ||
| Q2 24 | — | 21.0% |
| Q1 26 | 56.5% | — | ||
| Q4 25 | 65.9% | — | ||
| Q3 25 | 64.7% | -12.0% | ||
| Q2 25 | 64.1% | -9.1% | ||
| Q1 25 | 61.6% | -8.9% | ||
| Q4 24 | 66.1% | 3.7% | ||
| Q3 24 | 59.7% | 1.0% | ||
| Q2 24 | 61.1% | 3.5% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 45.4% | — | ||
| Q3 25 | 45.3% | -11.0% | ||
| Q2 25 | 46.1% | -9.1% | ||
| Q1 25 | 43.4% | -7.0% | ||
| Q4 24 | 46.3% | 2.3% | ||
| Q3 24 | 42.0% | -0.1% | ||
| Q2 24 | 47.1% | 3.6% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.34 | — | ||
| Q3 25 | $0.33 | — | ||
| Q2 25 | $0.32 | — | ||
| Q1 25 | $0.29 | — | ||
| Q4 24 | $0.31 | $0.06 | ||
| Q3 24 | $0.27 | $-0.03 | ||
| Q2 24 | $0.29 | $0.08 |
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 | $193.8M |
| Total DebtLower is stronger | — | $116.3M |
| Stockholders' EquityBook value | $4.4B | $526.9M |
| Total Assets | $7.2B | $849.7M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.2M | — | ||
| Q4 25 | $60.2M | — | ||
| Q3 25 | $23.8M | $193.8M | ||
| Q2 25 | $20.8M | $28.1M | ||
| Q1 25 | $47.0M | $43.5M | ||
| Q4 24 | $40.7M | $33.0M | ||
| Q3 24 | $32.7M | $22.9M | ||
| Q2 24 | $23.6M | $27.6M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | $116.3M | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | $88.2M | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | — | ||
| Q3 25 | $3.8B | $526.9M | ||
| Q2 25 | $3.8B | $347.4M | ||
| Q1 25 | $3.8B | $355.2M | ||
| Q4 24 | $3.6B | $362.8M | ||
| Q3 24 | $3.2B | $361.8M | ||
| Q2 24 | $3.2B | $366.1M |
| Q1 26 | $7.2B | — | ||
| Q4 25 | $6.9B | — | ||
| Q3 25 | $6.6B | $849.7M | ||
| Q2 25 | $6.3B | $674.6M | ||
| Q1 25 | $6.1B | $685.7M | ||
| Q4 24 | $5.8B | $674.7M | ||
| Q3 24 | $5.5B | $645.4M | ||
| Q2 24 | $5.3B | $659.2M |
| Q1 26 | — | — | ||
| Q4 25 | 0.60× | — | ||
| Q3 25 | 0.69× | 0.22× | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.60× | 0.24× | ||
| 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 | — | $-1.4M |
| Free Cash FlowOCF − Capex | — | $-17.5M |
| FCF MarginFCF / Revenue | — | -14.5% |
| Capex IntensityCapex / Revenue | — | 13.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $381.1M | — | ||
| Q3 25 | $99.0M | $-1.4M | ||
| Q2 25 | $99.8M | $-4.3M | ||
| Q1 25 | $77.2M | $26.0M | ||
| Q4 24 | $308.5M | $15.7M | ||
| Q3 24 | $73.5M | $37.4M | ||
| Q2 24 | $81.1M | $34.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-17.5M | ||
| Q2 25 | — | $-19.8M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | — | $5.1M | ||
| Q3 24 | — | $25.6M | ||
| Q2 24 | — | $20.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -14.5% | ||
| Q2 25 | — | -13.0% | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 15.3% | ||
| Q2 24 | — | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 13.3% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | 13.7% | ||
| Q4 24 | — | 6.2% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 9.1% |
| Q1 26 | — | — | ||
| Q4 25 | 5.60× | — | ||
| Q3 25 | 1.51× | — | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 5.57× | 4.06× | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 1.57× | 6.21× |
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% |
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
