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Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $158.8M, roughly 1.3× ESSENTIAL PROPERTIES REALTY TRUST, INC.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs 7.6%, a 30.1% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 22.8%). Over the past eight quarters, ESSENTIAL PROPERTIES REALTY TRUST, INC.'s revenue compounded faster (20.6% CAGR vs 20.2%).
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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
EPRT vs VITL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.8M | $213.6M |
| Net Profit | $60.0M | $16.3M |
| Gross Margin | — | 35.8% |
| Operating Margin | 56.5% | 10.0% |
| Net Margin | 37.8% | 7.6% |
| Revenue YoY | 22.8% | 28.7% |
| Net Profit YoY | 6.5% | 54.3% |
| EPS (diluted) | $0.28 | $0.35 |
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 | $213.6M | ||
| Q3 25 | $144.9M | $198.9M | ||
| Q2 25 | $137.1M | $184.8M | ||
| Q1 25 | $129.4M | $162.2M | ||
| Q4 24 | $119.7M | $166.0M | ||
| Q3 24 | $117.1M | $145.0M | ||
| Q2 24 | $109.3M | $147.4M |
| Q1 26 | $60.0M | — | ||
| Q4 25 | $68.1M | $16.3M | ||
| Q3 25 | $65.6M | $16.4M | ||
| Q2 25 | $63.2M | $16.6M | ||
| Q1 25 | $56.1M | $16.9M | ||
| Q4 24 | $55.4M | $10.6M | ||
| Q3 24 | $49.1M | $7.4M | ||
| Q2 24 | $51.5M | $16.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.8% | ||
| Q3 25 | — | 37.7% | ||
| Q2 25 | — | 38.9% | ||
| Q1 25 | — | 38.5% | ||
| Q4 24 | — | 36.1% | ||
| Q3 24 | — | 36.9% | ||
| Q2 24 | — | 39.1% |
| Q1 26 | 56.5% | — | ||
| Q4 25 | 65.9% | 10.0% | ||
| Q3 25 | 64.7% | 10.8% | ||
| Q2 25 | 64.1% | 12.9% | ||
| Q1 25 | 61.6% | 13.4% | ||
| Q4 24 | 66.1% | 7.8% | ||
| Q3 24 | 59.7% | 6.4% | ||
| Q2 24 | 61.1% | 11.6% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 45.4% | 7.6% | ||
| Q3 25 | 45.3% | 8.3% | ||
| Q2 25 | 46.1% | 9.0% | ||
| Q1 25 | 43.4% | 10.4% | ||
| Q4 24 | 46.3% | 6.4% | ||
| Q3 24 | 42.0% | 5.1% | ||
| Q2 24 | 47.1% | 11.1% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.34 | $0.35 | ||
| Q3 25 | $0.33 | $0.36 | ||
| Q2 25 | $0.32 | $0.36 | ||
| Q1 25 | $0.29 | $0.37 | ||
| Q4 24 | $0.31 | $0.23 | ||
| Q3 24 | $0.27 | $0.16 | ||
| Q2 24 | $0.29 | $0.36 |
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 | $48.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.4B | $351.3M |
| Total Assets | $7.2B | $518.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.2M | — | ||
| Q4 25 | $60.2M | $48.8M | ||
| Q3 25 | $23.8M | $93.8M | ||
| Q2 25 | $20.8M | $108.2M | ||
| Q1 25 | $47.0M | $156.3M | ||
| Q4 24 | $40.7M | $150.6M | ||
| Q3 24 | $32.7M | $149.5M | ||
| Q2 24 | $23.6M | $133.2M |
| 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 | $351.3M | ||
| Q3 25 | $3.8B | $331.2M | ||
| Q2 25 | $3.8B | $309.8M | ||
| Q1 25 | $3.8B | $288.9M | ||
| Q4 24 | $3.6B | $269.3M | ||
| Q3 24 | $3.2B | $253.4M | ||
| Q2 24 | $3.2B | $238.4M |
| Q1 26 | $7.2B | — | ||
| Q4 25 | $6.9B | $518.7M | ||
| Q3 25 | $6.6B | $481.5M | ||
| Q2 25 | $6.3B | $430.8M | ||
| Q1 25 | $6.1B | $376.9M | ||
| Q4 24 | $5.8B | $359.3M | ||
| Q3 24 | $5.5B | $344.7M | ||
| Q2 24 | $5.3B | $320.5M |
| 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 | — | $5.8M |
| Free Cash FlowOCF − Capex | — | $-32.1M |
| FCF MarginFCF / Revenue | — | -15.1% |
| Capex IntensityCapex / Revenue | — | 17.8% |
| Cash ConversionOCF / Net Profit | — | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $381.1M | $5.8M | ||
| Q3 25 | $99.0M | $23.4M | ||
| Q2 25 | $99.8M | $-761.0K | ||
| Q1 25 | $77.2M | $5.3M | ||
| Q4 24 | $308.5M | $14.8M | ||
| Q3 24 | $73.5M | $10.0M | ||
| Q2 24 | $81.1M | $16.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-32.1M | ||
| Q3 25 | — | $-10.6M | ||
| Q2 25 | — | $-7.6M | ||
| Q1 25 | — | $2.1M | ||
| Q4 24 | — | $-3.4M | ||
| Q3 24 | — | $6.4M | ||
| Q2 24 | — | $10.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | -15.1% | ||
| Q3 25 | — | -5.3% | ||
| Q2 25 | — | -4.1% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | -2.0% | ||
| Q3 24 | — | 4.4% | ||
| Q2 24 | — | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 17.1% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 3.8% |
| Q1 26 | — | — | ||
| Q4 25 | 5.60× | 0.35× | ||
| Q3 25 | 1.51× | 1.43× | ||
| Q2 25 | 1.58× | -0.05× | ||
| Q1 25 | 1.38× | 0.31× | ||
| Q4 24 | 5.57× | 1.40× | ||
| Q3 24 | 1.50× | 1.34× | ||
| Q2 24 | 1.57× | 0.99× |
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% |
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
