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Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and WORKIVA INC (WK). Click either name above to swap in a different company.

WORKIVA INC is the larger business by last-quarter revenue ($238.9M vs $158.8M, roughly 1.5× ESSENTIAL PROPERTIES REALTY TRUST, INC.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs 4.9%, a 32.8% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs 19.5%). Over the past eight quarters, ESSENTIAL PROPERTIES REALTY TRUST, INC.'s revenue compounded faster (20.6% CAGR vs 16.6%).

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.

Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.

EPRT vs WK — Head-to-Head

Bigger by revenue
WK
WK
1.5× larger
WK
$238.9M
$158.8M
EPRT
Growing faster (revenue YoY)
EPRT
EPRT
+3.2% gap
EPRT
22.8%
19.5%
WK
Higher net margin
EPRT
EPRT
32.8% more per $
EPRT
37.8%
4.9%
WK
Faster 2-yr revenue CAGR
EPRT
EPRT
Annualised
EPRT
20.6%
16.6%
WK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
EPRT
EPRT
WK
WK
Revenue
$158.8M
$238.9M
Net Profit
$60.0M
$11.8M
Gross Margin
80.7%
Operating Margin
56.5%
3.3%
Net Margin
37.8%
4.9%
Revenue YoY
22.8%
19.5%
Net Profit YoY
6.5%
234.0%
EPS (diluted)
$0.28
$0.21

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.

Revenue
EPRT
EPRT
WK
WK
Q1 26
$158.8M
Q4 25
$149.9M
$238.9M
Q3 25
$144.9M
$224.2M
Q2 25
$137.1M
$215.2M
Q1 25
$129.4M
$206.3M
Q4 24
$119.7M
$199.9M
Q3 24
$117.1M
$185.6M
Q2 24
$109.3M
$177.5M
Net Profit
EPRT
EPRT
WK
WK
Q1 26
$60.0M
Q4 25
$68.1M
$11.8M
Q3 25
$65.6M
$2.8M
Q2 25
$63.2M
$-19.4M
Q1 25
$56.1M
$-21.4M
Q4 24
$55.4M
$-8.8M
Q3 24
$49.1M
$-17.0M
Q2 24
$51.5M
$-17.5M
Gross Margin
EPRT
EPRT
WK
WK
Q1 26
Q4 25
80.7%
Q3 25
79.3%
Q2 25
77.0%
Q1 25
76.6%
Q4 24
77.1%
Q3 24
76.5%
Q2 24
76.8%
Operating Margin
EPRT
EPRT
WK
WK
Q1 26
56.5%
Q4 25
65.9%
3.3%
Q3 25
64.7%
-1.5%
Q2 25
64.1%
-10.3%
Q1 25
61.6%
-12.0%
Q4 24
66.1%
-6.7%
Q3 24
59.7%
-11.7%
Q2 24
61.1%
-13.0%
Net Margin
EPRT
EPRT
WK
WK
Q1 26
37.8%
Q4 25
45.4%
4.9%
Q3 25
45.3%
1.2%
Q2 25
46.1%
-9.0%
Q1 25
43.4%
-10.4%
Q4 24
46.3%
-4.4%
Q3 24
42.0%
-9.2%
Q2 24
47.1%
-9.9%
EPS (diluted)
EPRT
EPRT
WK
WK
Q1 26
$0.28
Q4 25
$0.34
$0.21
Q3 25
$0.33
$0.05
Q2 25
$0.32
$-0.35
Q1 25
$0.29
$-0.38
Q4 24
$0.31
$-0.15
Q3 24
$0.27
$-0.31
Q2 24
$0.29
$-0.32

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EPRT
EPRT
WK
WK
Cash + ST InvestmentsLiquidity on hand
$15.2M
$338.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$4.4B
$-5.4M
Total Assets
$7.2B
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPRT
EPRT
WK
WK
Q1 26
$15.2M
Q4 25
$60.2M
$338.8M
Q3 25
$23.8M
$315.9M
Q2 25
$20.8M
$284.3M
Q1 25
$47.0M
$242.0M
Q4 24
$40.7M
$301.8M
Q3 24
$32.7M
$248.2M
Q2 24
$23.6M
$267.9M
Total Debt
EPRT
EPRT
WK
WK
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
Stockholders' Equity
EPRT
EPRT
WK
WK
Q1 26
$4.4B
Q4 25
$4.2B
$-5.4M
Q3 25
$3.8B
$-36.9M
Q2 25
$3.8B
$-66.5M
Q1 25
$3.8B
$-75.7M
Q4 24
$3.6B
$-41.7M
Q3 24
$3.2B
$-50.8M
Q2 24
$3.2B
$-77.7M
Total Assets
EPRT
EPRT
WK
WK
Q1 26
$7.2B
Q4 25
$6.9B
$1.5B
Q3 25
$6.6B
$1.4B
Q2 25
$6.3B
$1.3B
Q1 25
$6.1B
$1.3B
Q4 24
$5.8B
$1.4B
Q3 24
$5.5B
$1.3B
Q2 24
$5.3B
$1.2B
Debt / Equity
EPRT
EPRT
WK
WK
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
EPRT
EPRT
WK
WK
Operating Cash FlowLast quarter
$51.0M
Free Cash FlowOCF − Capex
$50.7M
FCF MarginFCF / Revenue
21.2%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
4.31×
TTM Free Cash FlowTrailing 4 quarters
$138.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPRT
EPRT
WK
WK
Q1 26
Q4 25
$381.1M
$51.0M
Q3 25
$99.0M
$46.2M
Q2 25
$99.8M
$50.3M
Q1 25
$77.2M
$-7.4M
Q4 24
$308.5M
$44.0M
Q3 24
$73.5M
$18.9M
Q2 24
$81.1M
$-14.0K
Free Cash Flow
EPRT
EPRT
WK
WK
Q1 26
Q4 25
$50.7M
Q3 25
$46.1M
Q2 25
$49.3M
Q1 25
$-8.1M
Q4 24
$43.2M
Q3 24
$18.7M
Q2 24
$-122.0K
FCF Margin
EPRT
EPRT
WK
WK
Q1 26
Q4 25
21.2%
Q3 25
20.5%
Q2 25
22.9%
Q1 25
-3.9%
Q4 24
21.6%
Q3 24
10.1%
Q2 24
-0.1%
Capex Intensity
EPRT
EPRT
WK
WK
Q1 26
Q4 25
0.1%
Q3 25
0.0%
Q2 25
0.5%
Q1 25
0.4%
Q4 24
0.4%
Q3 24
0.1%
Q2 24
0.1%
Cash Conversion
EPRT
EPRT
WK
WK
Q1 26
Q4 25
5.60×
4.31×
Q3 25
1.51×
16.57×
Q2 25
1.58×
Q1 25
1.38×
Q4 24
5.57×
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
EPRT

Rental revenue 1,2$149.4M94%
Other$8.6M5%
Other revenue$779.0K0%

WK
WK

License And Service$219.3M92%
XBRL Professional Services$16.4M7%
Other Services$3.2M1%

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