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Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and Purple Innovation, Inc. (PRPL). 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 $140.7M, roughly 1.1× Purple Innovation, Inc.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs -2.3%, a 40.0% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs 9.1%). Over the past eight quarters, ESSENTIAL PROPERTIES REALTY TRUST, INC.'s revenue compounded faster (20.6% CAGR vs 8.3%).
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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
EPRT vs PRPL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.8M | $140.7M |
| Net Profit | $60.0M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 56.5% | -1.6% |
| Net Margin | 37.8% | -2.3% |
| Revenue YoY | 22.8% | 9.1% |
| Net Profit YoY | 6.5% | 62.1% |
| EPS (diluted) | $0.28 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $144.9M | $118.8M | ||
| Q2 25 | $137.1M | $105.1M | ||
| Q1 25 | $129.4M | $104.2M | ||
| Q4 24 | $119.7M | $129.0M | ||
| Q3 24 | $117.1M | $118.6M | ||
| Q2 24 | $109.3M | $120.3M |
| Q1 26 | $60.0M | — | ||
| Q4 25 | $68.1M | $-3.2M | ||
| Q3 25 | $65.6M | $-11.7M | ||
| Q2 25 | $63.2M | $-17.3M | ||
| Q1 25 | $56.1M | $-19.1M | ||
| Q4 24 | $55.4M | $-8.5M | ||
| Q3 24 | $49.1M | $-39.2M | ||
| Q2 24 | $51.5M | $27.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% |
| Q1 26 | 56.5% | — | ||
| Q4 25 | 65.9% | -1.6% | ||
| Q3 25 | 64.7% | -10.2% | ||
| Q2 25 | 64.1% | -13.5% | ||
| Q1 25 | 61.6% | -13.9% | ||
| Q4 24 | 66.1% | -6.0% | ||
| Q3 24 | 59.7% | -39.5% | ||
| Q2 24 | 61.1% | -12.1% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 45.4% | -2.3% | ||
| Q3 25 | 45.3% | -9.9% | ||
| Q2 25 | 46.1% | -16.5% | ||
| Q1 25 | 43.4% | -18.4% | ||
| Q4 24 | 46.3% | -6.6% | ||
| Q3 24 | 42.0% | -33.1% | ||
| Q2 24 | 47.1% | 0.0% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.34 | $0.03 | ||
| Q3 25 | $0.33 | $0.11 | ||
| Q2 25 | $0.32 | $0.16 | ||
| Q1 25 | $0.29 | $0.18 | ||
| Q4 24 | $0.31 | $0.08 | ||
| Q3 24 | $0.27 | $0.36 | ||
| Q2 24 | $0.29 | $0.00 |
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 | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $4.4B | $-29.7M |
| Total Assets | $7.2B | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.2M | — | ||
| Q4 25 | $60.2M | $24.3M | ||
| Q3 25 | $23.8M | $32.4M | ||
| Q2 25 | $20.8M | $34.2M | ||
| Q1 25 | $47.0M | $21.6M | ||
| Q4 24 | $40.7M | $29.0M | ||
| Q3 24 | $32.7M | $23.4M | ||
| Q2 24 | $23.6M | $23.4M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $126.7M | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | $70.7M | ||
| Q3 24 | $2.2B | $50.8M | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | $-29.7M | ||
| Q3 25 | $3.8B | $-26.9M | ||
| Q2 25 | $3.8B | $-15.6M | ||
| Q1 25 | $3.8B | $1.3M | ||
| Q4 24 | $3.6B | $20.2M | ||
| Q3 24 | $3.2B | $28.0M | ||
| Q2 24 | $3.2B | $66.4M |
| Q1 26 | $7.2B | — | ||
| Q4 25 | $6.9B | $296.3M | ||
| Q3 25 | $6.6B | $302.1M | ||
| Q2 25 | $6.3B | $303.8M | ||
| Q1 25 | $6.1B | $293.8M | ||
| Q4 24 | $5.8B | $307.8M | ||
| Q3 24 | $5.5B | $309.3M | ||
| Q2 24 | $5.3B | $362.1M |
| Q1 26 | — | — | ||
| Q4 25 | 0.60× | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.60× | 3.50× | ||
| Q3 24 | 0.69× | 1.82× | ||
| 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 | — | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-7.8M |
| FCF MarginFCF / Revenue | — | -5.5% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $381.1M | $-5.8M | ||
| Q3 25 | $99.0M | $-968.0K | ||
| Q2 25 | $99.8M | $-4.0M | ||
| Q1 25 | $77.2M | $-23.1M | ||
| Q4 24 | $308.5M | $6.8M | ||
| Q3 24 | $73.5M | $1.1M | ||
| Q2 24 | $81.1M | $-8.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-7.8M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $101.0K | ||
| Q2 24 | — | $-11.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -5.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -9.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 5.60× | — | ||
| Q3 25 | 1.51× | — | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 5.57× | — | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 1.57× | -330.22× |
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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
