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Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and Mistras Group, Inc. (MG). Click either name above to swap in a different company.
Mistras Group, Inc. is the larger business by last-quarter revenue ($181.5M vs $158.8M, roughly 1.1× ESSENTIAL PROPERTIES REALTY TRUST, INC.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs 2.1%, a 35.7% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs 5.1%). Over the past eight quarters, ESSENTIAL PROPERTIES REALTY TRUST, INC.'s revenue compounded faster (20.6% CAGR vs -0.8%).
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.
Mistras Group, Inc. is a global provider of asset integrity and protection solutions, offering non-destructive testing, inspection, real-time monitoring, and engineering consulting services. Its key client segments include oil and gas, aerospace, power generation, and manufacturing industries, with operations spanning North America, Europe, and Asia-Pacific, helping clients enhance operational safety, extend asset lifespans, and minimize unplanned downtime.
EPRT vs MG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.8M | $181.5M |
| Net Profit | $60.0M | $3.8M |
| Gross Margin | — | 28.4% |
| Operating Margin | 56.5% | 7.0% |
| Net Margin | 37.8% | 2.1% |
| Revenue YoY | 22.8% | 5.1% |
| Net Profit YoY | 6.5% | -27.4% |
| EPS (diluted) | $0.28 | $0.12 |
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 | $181.5M | ||
| Q3 25 | $144.9M | $195.5M | ||
| Q2 25 | $137.1M | $185.4M | ||
| Q1 25 | $129.4M | $161.6M | ||
| Q4 24 | $119.7M | $172.7M | ||
| Q3 24 | $117.1M | $182.7M | ||
| Q2 24 | $109.3M | $189.8M |
| Q1 26 | $60.0M | — | ||
| Q4 25 | $68.1M | $3.8M | ||
| Q3 25 | $65.6M | $13.1M | ||
| Q2 25 | $63.2M | $3.0M | ||
| Q1 25 | $56.1M | $-3.2M | ||
| Q4 24 | $55.4M | $5.2M | ||
| Q3 24 | $49.1M | $6.4M | ||
| Q2 24 | $51.5M | $6.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 28.4% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 29.1% | ||
| Q1 25 | — | 25.3% | ||
| Q4 24 | — | 26.5% | ||
| Q3 24 | — | 26.8% | ||
| Q2 24 | — | 27.1% |
| Q1 26 | 56.5% | — | ||
| Q4 25 | 65.9% | 7.0% | ||
| Q3 25 | 64.7% | 10.4% | ||
| Q2 25 | 64.1% | 4.5% | ||
| Q1 25 | 61.6% | -0.6% | ||
| Q4 24 | 66.1% | 6.1% | ||
| Q3 24 | 59.7% | 6.5% | ||
| Q2 24 | 61.1% | 6.3% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 45.4% | 2.1% | ||
| Q3 25 | 45.3% | 6.7% | ||
| Q2 25 | 46.1% | 1.6% | ||
| Q1 25 | 43.4% | -2.0% | ||
| Q4 24 | 46.3% | 3.0% | ||
| Q3 24 | 42.0% | 3.5% | ||
| Q2 24 | 47.1% | 3.4% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.34 | $0.12 | ||
| Q3 25 | $0.33 | $0.41 | ||
| Q2 25 | $0.32 | $0.10 | ||
| Q1 25 | $0.29 | $-0.10 | ||
| Q4 24 | $0.31 | $0.17 | ||
| Q3 24 | $0.27 | $0.20 | ||
| Q2 24 | $0.29 | $0.20 |
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 | $28.0M |
| Total DebtLower is stronger | — | $178.0M |
| Stockholders' EquityBook value | $4.4B | $235.1M |
| Total Assets | $7.2B | $578.8M |
| Debt / EquityLower = less leverage | — | 0.76× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.2M | — | ||
| Q4 25 | $60.2M | $28.0M | ||
| Q3 25 | $23.8M | $27.8M | ||
| Q2 25 | $20.8M | $20.0M | ||
| Q1 25 | $47.0M | $18.5M | ||
| Q4 24 | $40.7M | $18.3M | ||
| Q3 24 | $32.7M | $20.4M | ||
| Q2 24 | $23.6M | $17.2M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $178.0M | ||
| Q3 25 | $2.6B | $202.3M | ||
| Q2 25 | $2.3B | $189.4M | ||
| Q1 25 | $2.1B | $171.9M | ||
| Q4 24 | $2.1B | $169.6M | ||
| Q3 24 | $2.2B | $189.7M | ||
| Q2 24 | $1.9B | $199.7M |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | $235.1M | ||
| Q3 25 | $3.8B | $227.4M | ||
| Q2 25 | $3.8B | $215.8M | ||
| Q1 25 | $3.8B | $198.7M | ||
| Q4 24 | $3.6B | $198.6M | ||
| Q3 24 | $3.2B | $205.2M | ||
| Q2 24 | $3.2B | $193.2M |
| Q1 26 | $7.2B | — | ||
| Q4 25 | $6.9B | $578.8M | ||
| Q3 25 | $6.6B | $596.3M | ||
| Q2 25 | $6.3B | $571.0M | ||
| Q1 25 | $6.1B | $526.8M | ||
| Q4 24 | $5.8B | $523.0M | ||
| Q3 24 | $5.5B | $551.7M | ||
| Q2 24 | $5.3B | $548.1M |
| Q1 26 | — | — | ||
| Q4 25 | 0.60× | 0.76× | ||
| Q3 25 | 0.69× | 0.89× | ||
| Q2 25 | 0.61× | 0.88× | ||
| Q1 25 | 0.56× | 0.87× | ||
| Q4 24 | 0.60× | 0.85× | ||
| Q3 24 | 0.69× | 0.92× | ||
| Q2 24 | 0.59× | 1.03× |
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 | — | $32.1M |
| Free Cash FlowOCF − Capex | — | $26.0M |
| FCF MarginFCF / Revenue | — | 14.3% |
| Capex IntensityCapex / Revenue | — | 3.4% |
| Cash ConversionOCF / Net Profit | — | 8.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | $8.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $381.1M | $32.1M | ||
| Q3 25 | $99.0M | $4.5M | ||
| Q2 25 | $99.8M | $-9.3M | ||
| Q1 25 | $77.2M | $5.6M | ||
| Q4 24 | $308.5M | $25.7M | ||
| Q3 24 | $73.5M | $19.4M | ||
| Q2 24 | $81.1M | $4.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $26.0M | ||
| Q3 25 | — | $-4.1M | ||
| Q2 25 | — | $-14.7M | ||
| Q1 25 | — | $1.1M | ||
| Q4 24 | — | $22.1M | ||
| Q3 24 | — | $14.6M | ||
| Q2 24 | — | $-284.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.3% | ||
| Q3 25 | — | -2.1% | ||
| Q2 25 | — | -7.9% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 12.8% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.5% |
| Q1 26 | — | — | ||
| Q4 25 | 5.60× | 8.55× | ||
| Q3 25 | 1.51× | 0.34× | ||
| Q2 25 | 1.58× | -3.07× | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 5.57× | 4.96× | ||
| Q3 24 | 1.50× | 3.02× | ||
| Q2 24 | 1.57× | 0.71× |
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% |
MG
Segment breakdown not available.
