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Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $158.8M, roughly 1.5× ESSENTIAL PROPERTIES REALTY TRUST, INC.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs 5.0%, a 32.8% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs 11.5%). Over the past eight quarters, ESSENTIAL PROPERTIES REALTY TRUST, INC.'s revenue compounded faster (20.6% CAGR vs 7.1%).
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.
EPRT vs OSW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.8M | $242.1M |
| Net Profit | $60.0M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | 56.5% | 6.8% |
| Net Margin | 37.8% | 5.0% |
| Revenue YoY | 22.8% | 11.5% |
| Net Profit YoY | 6.5% | -16.2% |
| 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 | $242.1M | ||
| Q3 25 | $144.9M | $258.5M | ||
| Q2 25 | $137.1M | $240.7M | ||
| Q1 25 | $129.4M | $219.6M | ||
| Q4 24 | $119.7M | $217.2M | ||
| Q3 24 | $117.1M | $241.7M | ||
| Q2 24 | $109.3M | $224.9M |
| Q1 26 | $60.0M | — | ||
| Q4 25 | $68.1M | $12.1M | ||
| Q3 25 | $65.6M | $24.3M | ||
| Q2 25 | $63.2M | $19.9M | ||
| Q1 25 | $56.1M | $15.3M | ||
| Q4 24 | $55.4M | $14.4M | ||
| Q3 24 | $49.1M | $21.6M | ||
| Q2 24 | $51.5M | $15.8M |
| Q1 26 | 56.5% | — | ||
| Q4 25 | 65.9% | 6.8% | ||
| Q3 25 | 64.7% | 10.2% | ||
| Q2 25 | 64.1% | 9.2% | ||
| Q1 25 | 61.6% | 7.7% | ||
| Q4 24 | 66.1% | 7.9% | ||
| Q3 24 | 59.7% | 10.3% | ||
| Q2 24 | 61.1% | 8.4% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 45.4% | 5.0% | ||
| Q3 25 | 45.3% | 9.4% | ||
| Q2 25 | 46.1% | 8.3% | ||
| Q1 25 | 43.4% | 7.0% | ||
| Q4 24 | 46.3% | 6.6% | ||
| Q3 24 | 42.0% | 8.9% | ||
| Q2 24 | 47.1% | 7.0% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.34 | $0.12 | ||
| Q3 25 | $0.33 | $0.23 | ||
| Q2 25 | $0.32 | $0.19 | ||
| Q1 25 | $0.29 | $0.15 | ||
| Q4 24 | $0.31 | $0.13 | ||
| Q3 24 | $0.27 | $0.20 | ||
| Q2 24 | $0.29 | $0.15 |
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 | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $4.4B | $542.6M |
| Total Assets | $7.2B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.2M | — | ||
| Q4 25 | $60.2M | $16.3M | ||
| Q3 25 | $23.8M | $29.6M | ||
| Q2 25 | $20.8M | $35.0M | ||
| Q1 25 | $47.0M | $22.6M | ||
| Q4 24 | $40.7M | $57.4M | ||
| Q3 24 | $32.7M | $48.8M | ||
| Q2 24 | $23.6M | $62.5M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $84.0M | ||
| Q3 25 | $2.6B | $85.2M | ||
| Q2 25 | $2.3B | $96.2M | ||
| Q1 25 | $2.1B | $97.4M | ||
| Q4 24 | $2.1B | $98.6M | ||
| Q3 24 | $2.2B | $98.7M | ||
| Q2 24 | $1.9B | $123.8M |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | $542.6M | ||
| Q3 25 | $3.8B | $552.8M | ||
| Q2 25 | $3.8B | $548.3M | ||
| Q1 25 | $3.8B | $530.6M | ||
| Q4 24 | $3.6B | $554.5M | ||
| Q3 24 | $3.2B | $540.1M | ||
| Q2 24 | $3.2B | $532.7M |
| Q1 26 | $7.2B | — | ||
| Q4 25 | $6.9B | $707.1M | ||
| Q3 25 | $6.6B | $732.6M | ||
| Q2 25 | $6.3B | $731.8M | ||
| Q1 25 | $6.1B | $708.7M | ||
| Q4 24 | $5.8B | $746.4M | ||
| Q3 24 | $5.5B | $734.0M | ||
| Q2 24 | $5.3B | $756.8M |
| Q1 26 | — | — | ||
| Q4 25 | 0.60× | 0.15× | ||
| Q3 25 | 0.69× | 0.15× | ||
| Q2 25 | 0.61× | 0.18× | ||
| Q1 25 | 0.56× | 0.18× | ||
| Q4 24 | 0.60× | 0.18× | ||
| Q3 24 | 0.69× | 0.18× | ||
| Q2 24 | 0.59× | 0.23× |
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 | — | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $381.1M | $20.0M | ||
| Q3 25 | $99.0M | $33.2M | ||
| Q2 25 | $99.8M | $20.3M | ||
| Q1 25 | $77.2M | $10.1M | ||
| Q4 24 | $308.5M | $16.6M | ||
| Q3 24 | $73.5M | $28.6M | ||
| Q2 24 | $81.1M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $14.9M | ||
| Q3 25 | — | $27.6M | ||
| Q2 25 | — | $17.6M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | — | $27.5M | ||
| Q2 24 | — | $17.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | — | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 5.60× | 1.65× | ||
| Q3 25 | 1.51× | 1.36× | ||
| Q2 25 | 1.58× | 1.02× | ||
| Q1 25 | 1.38× | 0.66× | ||
| Q4 24 | 5.57× | 1.15× | ||
| Q3 24 | 1.50× | 1.33× | ||
| Q2 24 | 1.57× | 1.19× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
