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Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $158.8M, roughly 1.6× ESSENTIAL PROPERTIES REALTY TRUST, INC.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs 1.4%, a 36.4% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs -9.4%). Over the past eight quarters, ESSENTIAL PROPERTIES REALTY TRUST, INC.'s revenue compounded faster (20.6% CAGR vs 17.3%).
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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
EPRT vs SDHC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.8M | $260.4M |
| Net Profit | $60.0M | $3.5M |
| Gross Margin | — | 19.9% |
| Operating Margin | 56.5% | 6.5% |
| Net Margin | 37.8% | 1.4% |
| Revenue YoY | 22.8% | -9.4% |
| Net Profit YoY | 6.5% | -14.3% |
| 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 | $260.4M | ||
| Q3 25 | $144.9M | $262.0M | ||
| Q2 25 | $137.1M | $223.9M | ||
| Q1 25 | $129.4M | $224.7M | ||
| Q4 24 | $119.7M | $287.5M | ||
| Q3 24 | $117.1M | $277.8M | ||
| Q2 24 | $109.3M | $220.9M |
| Q1 26 | $60.0M | — | ||
| Q4 25 | $68.1M | $3.5M | ||
| Q3 25 | $65.6M | $2.1M | ||
| Q2 25 | $63.2M | $2.4M | ||
| Q1 25 | $56.1M | $2.7M | ||
| Q4 24 | $55.4M | $4.1M | ||
| Q3 24 | $49.1M | $5.3M | ||
| Q2 24 | $51.5M | $3.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 26.7% |
| Q1 26 | 56.5% | — | ||
| Q4 25 | 65.9% | 6.5% | ||
| Q3 25 | 64.7% | 6.6% | ||
| Q2 25 | 64.1% | 7.7% | ||
| Q1 25 | 61.6% | 8.7% | ||
| Q4 24 | 66.1% | 10.4% | ||
| Q3 24 | 59.7% | 14.2% | ||
| Q2 24 | 61.1% | 11.7% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 45.4% | 1.4% | ||
| Q3 25 | 45.3% | 0.8% | ||
| Q2 25 | 46.1% | 1.1% | ||
| Q1 25 | 43.4% | 1.2% | ||
| Q4 24 | 46.3% | 1.4% | ||
| Q3 24 | 42.0% | 1.9% | ||
| Q2 24 | 47.1% | 1.7% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.34 | $0.39 | ||
| Q3 25 | $0.33 | $0.24 | ||
| Q2 25 | $0.32 | $0.26 | ||
| Q1 25 | $0.29 | $0.30 | ||
| Q4 24 | $0.31 | $0.50 | ||
| Q3 24 | $0.27 | $0.58 | ||
| Q2 24 | $0.29 | $0.40 |
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 | $12.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.4B | $86.7M |
| Total Assets | $7.2B | $557.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.2M | — | ||
| Q4 25 | $60.2M | $12.7M | ||
| Q3 25 | $23.8M | $14.8M | ||
| Q2 25 | $20.8M | $16.8M | ||
| Q1 25 | $47.0M | $12.7M | ||
| Q4 24 | $40.7M | $22.4M | ||
| Q3 24 | $32.7M | $23.7M | ||
| Q2 24 | $23.6M | $17.3M |
| 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 | $86.7M | ||
| Q3 25 | $3.8B | $82.2M | ||
| Q2 25 | $3.8B | $80.0M | ||
| Q1 25 | $3.8B | $76.9M | ||
| Q4 24 | $3.6B | $73.6M | ||
| Q3 24 | $3.2B | $68.4M | ||
| Q2 24 | $3.2B | $62.1M |
| Q1 26 | $7.2B | — | ||
| Q4 25 | $6.9B | $557.6M | ||
| Q3 25 | $6.6B | $571.6M | ||
| Q2 25 | $6.3B | $570.2M | ||
| Q1 25 | $6.1B | $513.9M | ||
| Q4 24 | $5.8B | $475.9M | ||
| Q3 24 | $5.5B | $460.1M | ||
| Q2 24 | $5.3B | $429.3M |
| 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 | — | $9.8M |
| Free Cash FlowOCF − Capex | — | $8.7M |
| FCF MarginFCF / Revenue | — | 3.4% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | — | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $381.1M | $9.8M | ||
| Q3 25 | $99.0M | $22.8M | ||
| Q2 25 | $99.8M | $-28.9M | ||
| Q1 25 | $77.2M | $-34.9M | ||
| Q4 24 | $308.5M | $5.5M | ||
| Q3 24 | $73.5M | $22.9M | ||
| Q2 24 | $81.1M | $39.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | $8.7M | ||
| Q3 25 | — | $21.4M | ||
| Q2 25 | — | $-31.1M | ||
| Q1 25 | — | $-35.9M | ||
| Q4 24 | — | $4.8M | ||
| Q3 24 | — | $22.3M | ||
| Q2 24 | — | $-2.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | -13.9% | ||
| Q1 25 | — | -16.0% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | -1.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 5.60× | 2.77× | ||
| Q3 25 | 1.51× | 10.70× | ||
| Q2 25 | 1.58× | -12.24× | ||
| Q1 25 | 1.38× | -13.01× | ||
| Q4 24 | 5.57× | 1.33× | ||
| Q3 24 | 1.50× | 4.28× | ||
| Q2 24 | 1.57× | 0.01× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
