vs
Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.
DOUGLAS DYNAMICS, INC is the larger business by last-quarter revenue ($184.5M vs $158.8M, roughly 1.2× ESSENTIAL PROPERTIES REALTY TRUST, INC.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs 7.0%, a 30.8% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 22.8%). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 20.6%).
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.
General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government...
EPRT vs PLOW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.8M | $184.5M |
| Net Profit | $60.0M | $12.8M |
| Gross Margin | — | 26.1% |
| Operating Margin | 56.5% | 10.5% |
| Net Margin | 37.8% | 7.0% |
| Revenue YoY | 22.8% | 28.6% |
| Net Profit YoY | 6.5% | 62.3% |
| EPS (diluted) | $0.28 | $0.54 |
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 | $184.5M | ||
| Q3 25 | $144.9M | $162.1M | ||
| Q2 25 | $137.1M | $194.3M | ||
| Q1 25 | $129.4M | $115.1M | ||
| Q4 24 | $119.7M | $143.5M | ||
| Q3 24 | $117.1M | $129.4M | ||
| Q2 24 | $109.3M | $199.9M |
| Q1 26 | $60.0M | — | ||
| Q4 25 | $68.1M | $12.8M | ||
| Q3 25 | $65.6M | $8.0M | ||
| Q2 25 | $63.2M | $26.0M | ||
| Q1 25 | $56.1M | $148.0K | ||
| Q4 24 | $55.4M | $7.9M | ||
| Q3 24 | $49.1M | $32.3M | ||
| Q2 24 | $51.5M | $24.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 26.1% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | — | 31.0% | ||
| Q1 25 | — | 24.5% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 30.7% |
| Q1 26 | 56.5% | — | ||
| Q4 25 | 65.9% | 10.5% | ||
| Q3 25 | 64.7% | 8.7% | ||
| Q2 25 | 64.1% | 19.0% | ||
| Q1 25 | 61.6% | 2.8% | ||
| Q4 24 | 66.1% | 9.0% | ||
| Q3 24 | 59.7% | 35.4% | ||
| Q2 24 | 61.1% | 18.2% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 45.4% | 7.0% | ||
| Q3 25 | 45.3% | 4.9% | ||
| Q2 25 | 46.1% | 13.4% | ||
| Q1 25 | 43.4% | 0.1% | ||
| Q4 24 | 46.3% | 5.5% | ||
| Q3 24 | 42.0% | 24.9% | ||
| Q2 24 | 47.1% | 12.2% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.34 | $0.54 | ||
| Q3 25 | $0.33 | $0.33 | ||
| Q2 25 | $0.32 | $1.09 | ||
| Q1 25 | $0.29 | $0.00 | ||
| Q4 24 | $0.31 | $0.35 | ||
| Q3 24 | $0.27 | $1.36 | ||
| Q2 24 | $0.29 | $1.02 |
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 | — |
| Total DebtLower is stronger | — | $144.0M |
| Stockholders' EquityBook value | $4.4B | $281.4M |
| Total Assets | $7.2B | $626.7M |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.2M | — | ||
| Q4 25 | $60.2M | — | ||
| Q3 25 | $23.8M | — | ||
| Q2 25 | $20.8M | — | ||
| Q1 25 | $47.0M | — | ||
| Q4 24 | $40.7M | — | ||
| Q3 24 | $32.7M | — | ||
| Q2 24 | $23.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $144.0M | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | $147.5M | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | $281.4M | ||
| Q3 25 | $3.8B | $275.3M | ||
| Q2 25 | $3.8B | $273.3M | ||
| Q1 25 | $3.8B | $258.9M | ||
| Q4 24 | $3.6B | $264.2M | ||
| Q3 24 | $3.2B | $260.8M | ||
| Q2 24 | $3.2B | $236.7M |
| Q1 26 | $7.2B | — | ||
| Q4 25 | $6.9B | $626.7M | ||
| Q3 25 | $6.6B | $694.9M | ||
| Q2 25 | $6.3B | $671.5M | ||
| Q1 25 | $6.1B | $621.0M | ||
| Q4 24 | $5.8B | $590.0M | ||
| Q3 24 | $5.5B | $665.6M | ||
| Q2 24 | $5.3B | $617.0M |
| Q1 26 | — | — | ||
| Q4 25 | 0.60× | 0.51× | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.60× | 0.56× | ||
| 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 | — | $95.9M |
| Free Cash FlowOCF − Capex | — | $92.8M |
| FCF MarginFCF / Revenue | — | 50.3% |
| Capex IntensityCapex / Revenue | — | 1.7% |
| Cash ConversionOCF / Net Profit | — | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $381.1M | $95.9M | ||
| Q3 25 | $99.0M | $-8.5M | ||
| Q2 25 | $99.8M | $-11.4M | ||
| Q1 25 | $77.2M | $-1.3M | ||
| Q4 24 | $308.5M | $74.4M | ||
| Q3 24 | $73.5M | $-14.2M | ||
| Q2 24 | $81.1M | $2.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $92.8M | ||
| Q3 25 | — | $-11.4M | ||
| Q2 25 | — | $-14.3M | ||
| Q1 25 | — | $-3.5M | ||
| Q4 24 | — | $70.2M | ||
| Q3 24 | — | $-15.2M | ||
| Q2 24 | — | $836.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 50.3% | ||
| Q3 25 | — | -7.1% | ||
| Q2 25 | — | -7.4% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | — | -11.8% | ||
| Q2 24 | — | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.8% |
| Q1 26 | — | — | ||
| Q4 25 | 5.60× | 7.47× | ||
| Q3 25 | 1.51× | -1.07× | ||
| Q2 25 | 1.58× | -0.44× | ||
| Q1 25 | 1.38× | -9.03× | ||
| Q4 24 | 5.57× | 9.41× | ||
| Q3 24 | 1.50× | -0.44× | ||
| Q2 24 | 1.57× | 0.10× |
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% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
