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Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and PHOTRONICS INC (PLAB). Click either name above to swap in a different company.
PHOTRONICS INC is the larger business by last-quarter revenue ($210.4M vs $158.8M, roughly 1.3× ESSENTIAL PROPERTIES REALTY TRUST, INC.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs 10.9%, a 26.9% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs -5.5%). Over the past eight quarters, ESSENTIAL PROPERTIES REALTY TRUST, INC.'s revenue compounded faster (20.6% CAGR vs -3.8%).
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.
Photronics, Inc. is an American semiconductor photomask manufacturer. It was the third largest photomask supplier globally as of 2009. Photronics is a member of the eBeam Initiative.
EPRT vs PLAB — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.8M | $210.4M |
| Net Profit | $60.0M | $22.9M |
| Gross Margin | — | 33.7% |
| Operating Margin | 56.5% | 22.9% |
| Net Margin | 37.8% | 10.9% |
| Revenue YoY | 22.8% | -5.5% |
| Net Profit YoY | 6.5% | -32.4% |
| EPS (diluted) | $0.28 | $0.39 |
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 | $210.4M | ||
| Q2 25 | $137.1M | $211.0M | ||
| Q1 25 | $129.4M | $212.1M | ||
| Q4 24 | $119.7M | $222.6M | ||
| Q3 24 | $117.1M | $211.0M | ||
| Q2 24 | $109.3M | $217.0M |
| Q1 26 | $60.0M | — | ||
| Q4 25 | $68.1M | — | ||
| Q3 25 | $65.6M | $22.9M | ||
| Q2 25 | $63.2M | $8.9M | ||
| Q1 25 | $56.1M | $42.9M | ||
| Q4 24 | $55.4M | $33.9M | ||
| Q3 24 | $49.1M | $34.4M | ||
| Q2 24 | $51.5M | $36.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 37.0% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 36.5% |
| Q1 26 | 56.5% | — | ||
| Q4 25 | 65.9% | — | ||
| Q3 25 | 64.7% | 22.9% | ||
| Q2 25 | 64.1% | 26.4% | ||
| Q1 25 | 61.6% | 24.6% | ||
| Q4 24 | 66.1% | 25.1% | ||
| Q3 24 | 59.7% | 24.7% | ||
| Q2 24 | 61.1% | 25.8% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 45.4% | — | ||
| Q3 25 | 45.3% | 10.9% | ||
| Q2 25 | 46.1% | 4.2% | ||
| Q1 25 | 43.4% | 20.2% | ||
| Q4 24 | 46.3% | 15.2% | ||
| Q3 24 | 42.0% | 16.3% | ||
| Q2 24 | 47.1% | 16.7% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.34 | — | ||
| Q3 25 | $0.33 | $0.39 | ||
| Q2 25 | $0.32 | $0.15 | ||
| Q1 25 | $0.29 | $0.68 | ||
| Q4 24 | $0.31 | $0.54 | ||
| Q3 24 | $0.27 | $0.55 | ||
| Q2 24 | $0.29 | $0.58 |
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 | $575.8M |
| Total DebtLower is stronger | — | $16.0K |
| Stockholders' EquityBook value | $4.4B | $1.1B |
| Total Assets | $7.2B | $1.8B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.2M | — | ||
| Q4 25 | $60.2M | — | ||
| Q3 25 | $23.8M | $575.8M | ||
| Q2 25 | $20.8M | $558.4M | ||
| Q1 25 | $47.0M | $642.2M | ||
| Q4 24 | $40.7M | $640.7M | ||
| Q3 24 | $32.7M | $606.4M | ||
| Q2 24 | $23.6M | $559.9M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | $16.0K | ||
| Q2 25 | $2.3B | $19.0K | ||
| Q1 25 | $2.1B | $21.0K | ||
| Q4 24 | $2.1B | $25.0K | ||
| Q3 24 | $2.2B | $28.0K | ||
| Q2 24 | $1.9B | $2.5M |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | — | ||
| Q3 25 | $3.8B | $1.1B | ||
| Q2 25 | $3.8B | $1.1B | ||
| Q1 25 | $3.8B | $1.1B | ||
| Q4 24 | $3.6B | $1.1B | ||
| Q3 24 | $3.2B | $1.1B | ||
| Q2 24 | $3.2B | $1.0B |
| Q1 26 | $7.2B | — | ||
| Q4 25 | $6.9B | — | ||
| Q3 25 | $6.6B | $1.8B | ||
| Q2 25 | $6.3B | $1.7B | ||
| Q1 25 | $6.1B | $1.7B | ||
| Q4 24 | $5.8B | $1.7B | ||
| Q3 24 | $5.5B | $1.6B | ||
| Q2 24 | $5.3B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.60× | — | ||
| Q3 25 | 0.69× | 0.00× | ||
| Q2 25 | 0.61× | 0.00× | ||
| Q1 25 | 0.56× | 0.00× | ||
| Q4 24 | 0.60× | 0.00× | ||
| Q3 24 | 0.69× | 0.00× | ||
| Q2 24 | 0.59× | 0.00× |
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 | — | $50.1M |
| Free Cash FlowOCF − Capex | — | $25.2M |
| FCF MarginFCF / Revenue | — | 12.0% |
| Capex IntensityCapex / Revenue | — | 11.8% |
| Cash ConversionOCF / Net Profit | — | 2.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $64.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $381.1M | — | ||
| Q3 25 | $99.0M | $50.1M | ||
| Q2 25 | $99.8M | $31.5M | ||
| Q1 25 | $77.2M | $78.5M | ||
| Q4 24 | $308.5M | $68.4M | ||
| Q3 24 | $73.5M | $75.1M | ||
| Q2 24 | $81.1M | $76.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $25.2M | ||
| Q2 25 | — | $-29.1M | ||
| Q1 25 | — | $43.3M | ||
| Q4 24 | — | $25.2M | ||
| Q3 24 | — | $50.7M | ||
| Q2 24 | — | $56.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | -13.8% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | — | 26.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 28.7% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | — | 9.2% |
| Q1 26 | — | — | ||
| Q4 25 | 5.60× | — | ||
| Q3 25 | 1.51× | 2.19× | ||
| Q2 25 | 1.58× | 3.55× | ||
| Q1 25 | 1.38× | 1.83× | ||
| Q4 24 | 5.57× | 2.02× | ||
| Q3 24 | 1.50× | 2.18× | ||
| Q2 24 | 1.57× | 2.11× |
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% |
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
