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Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and PagerDuty, Inc. (PD). 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 $124.5M, roughly 1.3× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 37.8%, a 92.0% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs 4.7%). 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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
EPRT vs PD — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $158.8M | $124.5M |
| Net Profit | $60.0M | $161.6M |
| Gross Margin | — | 85.3% |
| Operating Margin | 56.5% | 6.5% |
| Net Margin | 37.8% | 129.7% |
| Revenue YoY | 22.8% | 4.7% |
| Net Profit YoY | 6.5% | 2827.7% |
| EPS (diluted) | $0.28 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $144.9M | $123.4M | ||
| Q2 25 | $137.1M | $119.8M | ||
| Q1 25 | $129.4M | $121.4M | ||
| Q4 24 | $119.7M | $118.9M | ||
| Q3 24 | $117.1M | $115.9M | ||
| Q2 24 | $109.3M | $111.2M |
| Q1 26 | $60.0M | — | ||
| Q4 25 | $68.1M | $161.6M | ||
| Q3 25 | $65.6M | $9.6M | ||
| Q2 25 | $63.2M | $-7.2M | ||
| Q1 25 | $56.1M | $-8.8M | ||
| Q4 24 | $55.4M | $-5.9M | ||
| Q3 24 | $49.1M | $-10.9M | ||
| Q2 24 | $51.5M | $-17.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | 84.0% | ||
| Q1 25 | — | 83.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 82.7% | ||
| Q2 24 | — | 82.6% |
| Q1 26 | 56.5% | — | ||
| Q4 25 | 65.9% | 6.5% | ||
| Q3 25 | 64.7% | 2.9% | ||
| Q2 25 | 64.1% | -8.6% | ||
| Q1 25 | 61.6% | -9.6% | ||
| Q4 24 | 66.1% | -8.7% | ||
| Q3 24 | 59.7% | -13.8% | ||
| Q2 24 | 61.1% | -19.5% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 45.4% | 129.7% | ||
| Q3 25 | 45.3% | 7.8% | ||
| Q2 25 | 46.1% | -6.0% | ||
| Q1 25 | 43.4% | -7.2% | ||
| Q4 24 | 46.3% | -5.0% | ||
| Q3 24 | 42.0% | -9.4% | ||
| Q2 24 | 47.1% | -15.4% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.34 | $1.69 | ||
| Q3 25 | $0.33 | $0.10 | ||
| Q2 25 | $0.32 | $-0.07 | ||
| Q1 25 | $0.29 | $-0.12 | ||
| Q4 24 | $0.31 | $-0.07 | ||
| Q3 24 | $0.27 | $-0.14 | ||
| Q2 24 | $0.29 | $-0.26 |
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 | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.4B | $320.5M |
| Total Assets | $7.2B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.2M | — | ||
| Q4 25 | $60.2M | $547.8M | ||
| Q3 25 | $23.8M | $567.9M | ||
| Q2 25 | $20.8M | $597.1M | ||
| Q1 25 | $47.0M | $570.8M | ||
| Q4 24 | $40.7M | $542.2M | ||
| Q3 24 | $32.7M | $599.3M | ||
| Q2 24 | $23.6M | $592.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.1B | $484.5M | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | $320.5M | ||
| Q3 25 | $3.8B | $180.7M | ||
| Q2 25 | $3.8B | $145.7M | ||
| Q1 25 | $3.8B | $129.8M | ||
| Q4 24 | $3.6B | $111.6M | ||
| Q3 24 | $3.2B | $164.7M | ||
| Q2 24 | $3.2B | $174.0M |
| Q1 26 | $7.2B | — | ||
| Q4 25 | $6.9B | $1.0B | ||
| Q3 25 | $6.6B | $891.5M | ||
| Q2 25 | $6.3B | $926.8M | ||
| Q1 25 | $6.1B | $927.3M | ||
| Q4 24 | $5.8B | $866.8M | ||
| Q3 24 | $5.5B | $916.0M | ||
| Q2 24 | $5.3B | $924.0M |
| Q1 26 | — | — | ||
| Q4 25 | 0.60× | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.56× | 3.73× | ||
| 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 | — | $24.8M |
| Free Cash FlowOCF − Capex | — | $24.1M |
| FCF MarginFCF / Revenue | — | 19.3% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | — | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $381.1M | $24.8M | ||
| Q3 25 | $99.0M | $34.0M | ||
| Q2 25 | $99.8M | $30.7M | ||
| Q1 25 | $77.2M | $31.4M | ||
| Q4 24 | $308.5M | $22.1M | ||
| Q3 24 | $73.5M | $35.8M | ||
| Q2 24 | $81.1M | $28.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $24.1M | ||
| Q3 25 | — | $33.1M | ||
| Q2 25 | — | $30.2M | ||
| Q1 25 | — | $30.3M | ||
| Q4 24 | — | $21.5M | ||
| Q3 24 | — | $35.1M | ||
| Q2 24 | — | $28.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.3% | ||
| Q3 25 | — | 26.8% | ||
| Q2 25 | — | 25.2% | ||
| Q1 25 | — | 24.9% | ||
| Q4 24 | — | 18.1% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | — | 25.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 5.60× | 0.15× | ||
| Q3 25 | 1.51× | 3.55× | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 5.57× | — | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 1.57× | — |
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% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
