vs
Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
ONE Group Hospitality, Inc. is the larger business by last-quarter revenue ($207.0M vs $158.8M, roughly 1.3× ESSENTIAL PROPERTIES REALTY TRUST, INC.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs -3.1%, a 40.8% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs -6.7%). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
EPRT vs STKS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.8M | $207.0M |
| Net Profit | $60.0M | $-6.4M |
| Gross Margin | — | — |
| Operating Margin | 56.5% | 2.2% |
| Net Margin | 37.8% | -3.1% |
| Revenue YoY | 22.8% | -6.7% |
| Net Profit YoY | 6.5% | -531.8% |
| EPS (diluted) | $0.28 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $144.9M | $180.2M | ||
| Q2 25 | $137.1M | $207.4M | ||
| Q1 25 | $129.4M | $211.1M | ||
| Q4 24 | $119.7M | $221.9M | ||
| Q3 24 | $117.1M | $194.0M | ||
| Q2 24 | $109.3M | $172.5M |
| Q1 26 | $60.0M | — | ||
| Q4 25 | $68.1M | $-6.4M | ||
| Q3 25 | $65.6M | $-76.7M | ||
| Q2 25 | $63.2M | $-10.1M | ||
| Q1 25 | $56.1M | $975.0K | ||
| Q4 24 | $55.4M | $1.5M | ||
| Q3 24 | $49.1M | $-9.3M | ||
| Q2 24 | $51.5M | $-7.3M |
| Q1 26 | 56.5% | — | ||
| Q4 25 | 65.9% | 2.2% | ||
| Q3 25 | 64.7% | -4.4% | ||
| Q2 25 | 64.1% | 0.3% | ||
| Q1 25 | 61.6% | 5.1% | ||
| Q4 24 | 66.1% | 5.5% | ||
| Q3 24 | 59.7% | -1.9% | ||
| Q2 24 | 61.1% | 0.6% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 45.4% | -3.1% | ||
| Q3 25 | 45.3% | -42.6% | ||
| Q2 25 | 46.1% | -4.9% | ||
| Q1 25 | 43.4% | 0.5% | ||
| Q4 24 | 46.3% | 0.7% | ||
| Q3 24 | 42.0% | -4.8% | ||
| Q2 24 | 47.1% | -4.3% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.34 | $-0.50 | ||
| Q3 25 | $0.33 | $-2.75 | ||
| Q2 25 | $0.32 | $-0.59 | ||
| Q1 25 | $0.29 | $-0.21 | ||
| Q4 24 | $0.31 | $-0.18 | ||
| Q3 24 | $0.27 | $-0.53 | ||
| Q2 24 | $0.29 | $-0.38 |
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 | $4.2M |
| Total DebtLower is stronger | — | $354.2M |
| Stockholders' EquityBook value | $4.4B | $-75.8M |
| Total Assets | $7.2B | $884.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.2M | — | ||
| Q4 25 | $60.2M | $4.2M | ||
| Q3 25 | $23.8M | $5.5M | ||
| Q2 25 | $20.8M | $4.7M | ||
| Q1 25 | $47.0M | $21.4M | ||
| Q4 24 | $40.7M | $27.6M | ||
| Q3 24 | $32.7M | $28.2M | ||
| Q2 24 | $23.6M | $32.2M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $354.2M | ||
| Q3 25 | $2.6B | $355.0M | ||
| Q2 25 | $2.3B | $347.4M | ||
| Q1 25 | $2.1B | $348.3M | ||
| Q4 24 | $2.1B | $348.3M | ||
| Q3 24 | $2.2B | $349.1M | ||
| Q2 24 | $1.9B | $350.0M |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | $-75.8M | ||
| Q3 25 | $3.8B | $-61.5M | ||
| Q2 25 | $3.8B | $23.0M | ||
| Q1 25 | $3.8B | $40.5M | ||
| Q4 24 | $3.6B | $45.9M | ||
| Q3 24 | $3.2B | $51.4M | ||
| Q2 24 | $3.2B | $68.1M |
| Q1 26 | $7.2B | — | ||
| Q4 25 | $6.9B | $884.2M | ||
| Q3 25 | $6.6B | $879.5M | ||
| Q2 25 | $6.3B | $935.7M | ||
| Q1 25 | $6.1B | $956.0M | ||
| Q4 24 | $5.8B | $960.1M | ||
| Q3 24 | $5.5B | $953.5M | ||
| Q2 24 | $5.3B | $945.9M |
| Q1 26 | — | — | ||
| Q4 25 | 0.60× | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.61× | 15.07× | ||
| Q1 25 | 0.56× | 8.61× | ||
| Q4 24 | 0.60× | 7.59× | ||
| Q3 24 | 0.69× | 6.79× | ||
| Q2 24 | 0.59× | 5.14× |
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 | — | $13.1M |
| Free Cash FlowOCF − Capex | — | $-329.0K |
| FCF MarginFCF / Revenue | — | -0.2% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $381.1M | $13.1M | ||
| Q3 25 | $99.0M | $5.9M | ||
| Q2 25 | $99.8M | $2.8M | ||
| Q1 25 | $77.2M | $8.5M | ||
| Q4 24 | $308.5M | $18.5M | ||
| Q3 24 | $73.5M | $19.1M | ||
| Q2 24 | $81.1M | $-3.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-329.0K | ||
| Q3 25 | — | $-6.1M | ||
| Q2 25 | — | $-15.0M | ||
| Q1 25 | — | $-5.8M | ||
| Q4 24 | — | $733.0K | ||
| Q3 24 | — | $287.0K | ||
| Q2 24 | — | $-23.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.2% | ||
| Q3 25 | — | -3.4% | ||
| Q2 25 | — | -7.2% | ||
| Q1 25 | — | -2.7% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -13.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 5.60× | — | ||
| Q3 25 | 1.51× | — | ||
| Q2 25 | 1.58× | — | ||
| Q1 25 | 1.38× | 8.76× | ||
| Q4 24 | 5.57× | 12.54× | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 1.57× | — |
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% |
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
