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Side-by-side financial comparison of ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
XPLR Infrastructure, LP is the larger business by last-quarter revenue ($249.0M vs $158.8M, roughly 1.6× ESSENTIAL PROPERTIES REALTY TRUST, INC.). ESSENTIAL PROPERTIES REALTY TRUST, INC. runs the higher net margin — 37.8% vs 11.2%, a 26.5% gap on every dollar of revenue. On growth, ESSENTIAL PROPERTIES REALTY TRUST, INC. posted the faster year-over-year revenue change (22.8% vs -15.3%). Over the past eight quarters, ESSENTIAL PROPERTIES REALTY TRUST, INC.'s revenue compounded faster (20.6% CAGR vs -1.6%).
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.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
EPRT vs XIFR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $158.8M | $249.0M |
| Net Profit | $60.0M | $28.0M |
| Gross Margin | — | — |
| Operating Margin | 56.5% | -19.3% |
| Net Margin | 37.8% | 11.2% |
| Revenue YoY | 22.8% | -15.3% |
| Net Profit YoY | 6.5% | 124.3% |
| EPS (diluted) | $0.28 | — |
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 | $249.0M | ||
| Q3 25 | $144.9M | $315.0M | ||
| Q2 25 | $137.1M | $342.0M | ||
| Q1 25 | $129.4M | $282.0M | ||
| Q4 24 | $119.7M | $294.0M | ||
| Q3 24 | $117.1M | $319.0M | ||
| Q2 24 | $109.3M | $360.0M |
| Q1 26 | $60.0M | — | ||
| Q4 25 | $68.1M | $28.0M | ||
| Q3 25 | $65.6M | $-37.0M | ||
| Q2 25 | $63.2M | $79.0M | ||
| Q1 25 | $56.1M | $-98.0M | ||
| Q4 24 | $55.4M | $-115.0M | ||
| Q3 24 | $49.1M | $-40.0M | ||
| Q2 24 | $51.5M | $62.0M |
| Q1 26 | 56.5% | — | ||
| Q4 25 | 65.9% | -19.3% | ||
| Q3 25 | 64.7% | 1.6% | ||
| Q2 25 | 64.1% | 26.3% | ||
| Q1 25 | 61.6% | -82.6% | ||
| Q4 24 | 66.1% | -188.1% | ||
| Q3 24 | 59.7% | 15.4% | ||
| Q2 24 | 61.1% | 18.3% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 45.4% | 11.2% | ||
| Q3 25 | 45.3% | -11.7% | ||
| Q2 25 | 46.1% | 23.1% | ||
| Q1 25 | 43.4% | -34.8% | ||
| Q4 24 | 46.3% | -39.1% | ||
| Q3 24 | 42.0% | -12.5% | ||
| Q2 24 | 47.1% | 17.2% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.34 | — | ||
| Q3 25 | $0.33 | $-0.40 | ||
| Q2 25 | $0.32 | $0.84 | ||
| Q1 25 | $0.29 | $-1.05 | ||
| Q4 24 | $0.31 | — | ||
| Q3 24 | $0.27 | $-0.43 | ||
| Q2 24 | $0.29 | $0.66 |
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 | $960.0M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $4.4B | $10.9B |
| Total Assets | $7.2B | $19.6B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $15.2M | — | ||
| Q4 25 | $60.2M | $960.0M | ||
| Q3 25 | $23.8M | $711.0M | ||
| Q2 25 | $20.8M | $880.0M | ||
| Q1 25 | $47.0M | $1.5B | ||
| Q4 24 | $40.7M | $283.0M | ||
| Q3 24 | $32.7M | $290.0M | ||
| Q2 24 | $23.6M | $281.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $6.2B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | $5.3B | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | $10.9B | ||
| Q3 25 | $3.8B | $11.0B | ||
| Q2 25 | $3.8B | $11.3B | ||
| Q1 25 | $3.8B | $12.6B | ||
| Q4 24 | $3.6B | $12.9B | ||
| Q3 24 | $3.2B | $13.6B | ||
| Q2 24 | $3.2B | $13.9B |
| Q1 26 | $7.2B | — | ||
| Q4 25 | $6.9B | $19.6B | ||
| Q3 25 | $6.6B | $19.1B | ||
| Q2 25 | $6.3B | $20.5B | ||
| Q1 25 | $6.1B | $21.4B | ||
| Q4 24 | $5.8B | $20.3B | ||
| Q3 24 | $5.5B | $20.9B | ||
| Q2 24 | $5.3B | $21.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.60× | 0.57× | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.60× | 0.41× | ||
| 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 | — | $186.0M |
| Free Cash FlowOCF − Capex | — | $-88.0M |
| FCF MarginFCF / Revenue | — | -35.3% |
| Capex IntensityCapex / Revenue | — | 110.0% |
| Cash ConversionOCF / Net Profit | — | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $381.1M | $186.0M | ||
| Q3 25 | $99.0M | $231.0M | ||
| Q2 25 | $99.8M | $232.0M | ||
| Q1 25 | $77.2M | $90.0M | ||
| Q4 24 | $308.5M | $283.0M | ||
| Q3 24 | $73.5M | $208.0M | ||
| Q2 24 | $81.1M | $231.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-88.0M | ||
| Q3 25 | — | $-283.0M | ||
| Q2 25 | — | $151.0M | ||
| Q1 25 | — | $1.0M | ||
| Q4 24 | — | $231.0M | ||
| Q3 24 | — | $152.0M | ||
| Q2 24 | — | $162.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -35.3% | ||
| Q3 25 | — | -89.8% | ||
| Q2 25 | — | 44.2% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 78.6% | ||
| Q3 24 | — | 47.6% | ||
| Q2 24 | — | 45.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 110.0% | ||
| Q3 25 | — | 163.2% | ||
| Q2 25 | — | 23.7% | ||
| Q1 25 | — | 31.6% | ||
| Q4 24 | — | 17.7% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 19.2% |
| Q1 26 | — | — | ||
| Q4 25 | 5.60× | 6.64× | ||
| Q3 25 | 1.51× | — | ||
| Q2 25 | 1.58× | 2.94× | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 5.57× | — | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 1.57× | 3.73× |
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% |
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
