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Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and QUALYS, INC. (QLYS). Click either name above to swap in a different company.
QUALYS, INC. is the larger business by last-quarter revenue ($175.3M vs $158.8M, roughly 1.1× ESSENTIAL PROPERTIES REALTY TRUST, INC.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs 30.3%, a 7.4% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs 10.1%). Over the past eight quarters, ESSENTIAL PROPERTIES REALTY TRUST, INC.'s revenue compounded faster (20.6% CAGR vs 9.6%).
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.
Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.
EPRT vs QLYS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.8M | $175.3M |
| Net Profit | $60.0M | $53.1M |
| Gross Margin | — | 83.4% |
| Operating Margin | 56.5% | 33.6% |
| Net Margin | 37.8% | 30.3% |
| Revenue YoY | 22.8% | 10.1% |
| Net Profit YoY | 6.5% | 20.9% |
| EPS (diluted) | $0.28 | $1.47 |
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 | $175.3M | ||
| Q3 25 | $144.9M | $169.9M | ||
| Q2 25 | $137.1M | $164.1M | ||
| Q1 25 | $129.4M | $159.9M | ||
| Q4 24 | $119.7M | $159.2M | ||
| Q3 24 | $117.1M | $153.9M | ||
| Q2 24 | $109.3M | $148.7M |
| Q1 26 | $60.0M | — | ||
| Q4 25 | $68.1M | $53.1M | ||
| Q3 25 | $65.6M | $50.3M | ||
| Q2 25 | $63.2M | $47.3M | ||
| Q1 25 | $56.1M | $47.5M | ||
| Q4 24 | $55.4M | $44.0M | ||
| Q3 24 | $49.1M | $46.2M | ||
| Q2 24 | $51.5M | $43.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 83.4% | ||
| Q3 25 | — | 83.6% | ||
| Q2 25 | — | 82.4% | ||
| Q1 25 | — | 81.9% | ||
| Q4 24 | — | 81.8% | ||
| Q3 24 | — | 81.3% | ||
| Q2 24 | — | 82.2% |
| Q1 26 | 56.5% | — | ||
| Q4 25 | 65.9% | 33.6% | ||
| Q3 25 | 64.7% | 35.3% | ||
| Q2 25 | 64.1% | 31.3% | ||
| Q1 25 | 61.6% | 32.4% | ||
| Q4 24 | 66.1% | 31.0% | ||
| Q3 24 | 59.7% | 29.2% | ||
| Q2 24 | 61.1% | 32.3% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 45.4% | 30.3% | ||
| Q3 25 | 45.3% | 29.6% | ||
| Q2 25 | 46.1% | 28.8% | ||
| Q1 25 | 43.4% | 29.7% | ||
| Q4 24 | 46.3% | 27.6% | ||
| Q3 24 | 42.0% | 30.0% | ||
| Q2 24 | 47.1% | 29.4% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.34 | $1.47 | ||
| Q3 25 | $0.33 | $1.39 | ||
| Q2 25 | $0.32 | $1.29 | ||
| Q1 25 | $0.29 | $1.29 | ||
| Q4 24 | $0.31 | $1.19 | ||
| Q3 24 | $0.27 | $1.24 | ||
| Q2 24 | $0.29 | $1.17 |
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 | $250.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.4B | $561.2M |
| Total Assets | $7.2B | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.2M | — | ||
| Q4 25 | $60.2M | $250.3M | ||
| Q3 25 | $23.8M | $225.3M | ||
| Q2 25 | $20.8M | $194.0M | ||
| Q1 25 | $47.0M | $290.7M | ||
| Q4 24 | $40.7M | $232.2M | ||
| Q3 24 | $32.7M | $235.4M | ||
| Q2 24 | $23.6M | $281.2M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | $561.2M | ||
| Q3 25 | $3.8B | $529.4M | ||
| Q2 25 | $3.8B | $508.2M | ||
| Q1 25 | $3.8B | $498.0M | ||
| Q4 24 | $3.6B | $477.1M | ||
| Q3 24 | $3.2B | $449.6M | ||
| Q2 24 | $3.2B | $427.8M |
| Q1 26 | $7.2B | — | ||
| Q4 25 | $6.9B | $1.1B | ||
| Q3 25 | $6.6B | $1.0B | ||
| Q2 25 | $6.3B | $999.5M | ||
| Q1 25 | $6.1B | $996.5M | ||
| Q4 24 | $5.8B | $973.5M | ||
| Q3 24 | $5.5B | $908.3M | ||
| Q2 24 | $5.3B | $876.6M |
| Q1 26 | — | — | ||
| Q4 25 | 0.60× | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.56× | — | ||
| 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 | — | $75.7M |
| Free Cash FlowOCF − Capex | — | $74.9M |
| FCF MarginFCF / Revenue | — | 42.8% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | — | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | — | $304.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $381.1M | $75.7M | ||
| Q3 25 | $99.0M | $90.4M | ||
| Q2 25 | $99.8M | $33.8M | ||
| Q1 25 | $77.2M | $109.6M | ||
| Q4 24 | $308.5M | $47.7M | ||
| Q3 24 | $73.5M | $61.0M | ||
| Q2 24 | $81.1M | $49.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $74.9M | ||
| Q3 25 | — | $89.5M | ||
| Q2 25 | — | $32.4M | ||
| Q1 25 | — | $107.5M | ||
| Q4 24 | — | $41.9M | ||
| Q3 24 | — | $57.6M | ||
| Q2 24 | — | $48.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 42.8% | ||
| Q3 25 | — | 52.7% | ||
| Q2 25 | — | 19.8% | ||
| Q1 25 | — | 67.3% | ||
| Q4 24 | — | 26.3% | ||
| Q3 24 | — | 37.4% | ||
| Q2 24 | — | 32.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 5.60× | 1.42× | ||
| Q3 25 | 1.51× | 1.80× | ||
| Q2 25 | 1.58× | 0.71× | ||
| Q1 25 | 1.38× | 2.31× | ||
| Q4 24 | 5.57× | 1.09× | ||
| Q3 24 | 1.50× | 1.32× | ||
| Q2 24 | 1.57× | 1.14× |
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% |
QLYS
| Sales Channel Through Intermediary | $88.6M | 51% |
| Sales Channel Directly To Consumer | $86.7M | 49% |
