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ESSENTIAL PROPERTIES REALTY TRUST, INC.（EPRT）与Forestar Group Inc.（FOR）财务数据对比。点击上方公司名可切换其他公司
Forestar Group Inc.的季度营收约是ESSENTIAL PROPERTIES REALTY TRUST, INC.的1.7倍（$273.0M vs $158.8M），ESSENTIAL PROPERTIES REALTY TRUST, INC.净利率更高（37.8% vs 5.6%，领先32.1%），ESSENTIAL PROPERTIES REALTY TRUST, INC.同比增速更快（22.8% vs 9.0%），过去两年ESSENTIAL PROPERTIES REALTY TRUST, INC.的营收复合增速更高（20.6% vs -9.6%）
Essential Properties Realty Trust是一家上市房地产投资信托企业，收购、持有并管理美国全境的单租户净租赁商业地产组合，资产主要覆盖休闲餐饮、汽车服务、医疗诊所、幼儿教育中心、轻型工业等刚需服务类业态，租户普遍拥有稳健的长期经营记录。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
EPRT vs FOR — 直观对比
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $158.8M | $273.0M |
| 净利润 | $60.0M | $15.4M |
| 毛利率 | — | 20.1% |
| 营业利润率 | 56.5% | 7.6% |
| 净利率 | 37.8% | 5.6% |
| 营收同比 | 22.8% | 9.0% |
| 净利润同比 | 6.5% | -6.7% |
| 每股收益（稀释后） | $0.28 | $0.30 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
| Q1 26 | $158.8M | — | ||
| Q4 25 | $149.9M | $273.0M | ||
| Q3 25 | $144.9M | $670.5M | ||
| Q2 25 | $137.1M | $390.5M | ||
| Q1 25 | $129.4M | $351.0M | ||
| Q4 24 | $119.7M | $250.4M | ||
| Q3 24 | $117.1M | $551.3M | ||
| Q2 24 | $109.3M | $318.4M |
| Q1 26 | $60.0M | — | ||
| Q4 25 | $68.1M | $15.4M | ||
| Q3 25 | $65.6M | $86.9M | ||
| Q2 25 | $63.2M | $32.9M | ||
| Q1 25 | $56.1M | $31.6M | ||
| Q4 24 | $55.4M | $16.5M | ||
| Q3 24 | $49.1M | $81.5M | ||
| Q2 24 | $51.5M | $38.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% |
| Q1 26 | 56.5% | — | ||
| Q4 25 | 65.9% | 7.6% | ||
| Q3 25 | 64.7% | 16.9% | ||
| Q2 25 | 64.1% | 11.2% | ||
| Q1 25 | 61.6% | 11.6% | ||
| Q4 24 | 66.1% | 8.7% | ||
| Q3 24 | 59.7% | 19.7% | ||
| Q2 24 | 61.1% | 16.2% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 45.4% | 5.6% | ||
| Q3 25 | 45.3% | 13.0% | ||
| Q2 25 | 46.1% | 8.4% | ||
| Q1 25 | 43.4% | 9.0% | ||
| Q4 24 | 46.3% | 6.6% | ||
| Q3 24 | 42.0% | 14.8% | ||
| Q2 24 | 47.1% | 12.2% |
| Q1 26 | $0.28 | — | ||
| Q4 25 | $0.34 | $0.30 | ||
| Q3 25 | $0.33 | $1.70 | ||
| Q2 25 | $0.32 | $0.65 | ||
| Q1 25 | $0.29 | $0.62 | ||
| Q4 24 | $0.31 | $0.32 | ||
| Q3 24 | $0.27 | $1.59 | ||
| Q2 24 | $0.29 | $0.76 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $15.2M | $211.7M |
| 总债务越低越好 | — | $793.2M |
| 股东权益账面价值 | $4.4B | $1.8B |
| 总资产 | $7.2B | $3.2B |
| 负债/权益比越低杠杆越低 | — | 0.44× |
8季度趋势，按日历期对齐
| Q1 26 | $15.2M | — | ||
| Q4 25 | $60.2M | $211.7M | ||
| Q3 25 | $23.8M | $379.2M | ||
| Q2 25 | $20.8M | $189.2M | ||
| Q1 25 | $47.0M | $174.3M | ||
| Q4 24 | $40.7M | $132.0M | ||
| Q3 24 | $32.7M | $481.2M | ||
| Q2 24 | $23.6M | $359.2M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $793.2M | ||
| Q3 25 | $2.6B | $802.7M | ||
| Q2 25 | $2.3B | $872.8M | ||
| Q1 25 | $2.1B | $872.5M | ||
| Q4 24 | $2.1B | $806.8M | ||
| Q3 24 | $2.2B | $706.4M | ||
| Q2 24 | $1.9B | $706.1M |
| Q1 26 | $4.4B | — | ||
| Q4 25 | $4.2B | $1.8B | ||
| Q3 25 | $3.8B | $1.8B | ||
| Q2 25 | $3.8B | $1.7B | ||
| Q1 25 | $3.8B | $1.6B | ||
| Q4 24 | $3.6B | $1.6B | ||
| Q3 24 | $3.2B | $1.6B | ||
| Q2 24 | $3.2B | $1.5B |
| Q1 26 | $7.2B | — | ||
| Q4 25 | $6.9B | $3.2B | ||
| Q3 25 | $6.6B | $3.1B | ||
| Q2 25 | $6.3B | $3.1B | ||
| Q1 25 | $6.1B | $3.0B | ||
| Q4 24 | $5.8B | $3.0B | ||
| Q3 24 | $5.5B | $2.8B | ||
| Q2 24 | $5.3B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.60× | 0.44× | ||
| Q3 25 | 0.69× | 0.45× | ||
| Q2 25 | 0.61× | 0.52× | ||
| Q1 25 | 0.56× | 0.53× | ||
| Q4 24 | 0.60× | 0.50× | ||
| Q3 24 | 0.69× | 0.44× | ||
| Q2 24 | 0.59× | 0.47× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-157.1M |
| 自由现金流率自由现金流/营收 | — | -57.5% |
| 资本支出强度资本支出/营收 | — | 0.0% |
| 现金转化率经营现金流/净利润 | — | -10.19× |
| 过去12个月自由现金流最近4个季度 | — | $93.0M |
8季度趋势，按日历期对齐
| Q1 26 | — | — | ||
| Q4 25 | $381.1M | $-157.0M | ||
| Q3 25 | $99.0M | $256.3M | ||
| Q2 25 | $99.8M | $15.8M | ||
| Q1 25 | $77.2M | $-19.8M | ||
| Q4 24 | $308.5M | $-450.0M | ||
| Q3 24 | $73.5M | $119.2M | ||
| Q2 24 | $81.1M | $-61.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-157.1M | ||
| Q3 25 | — | $255.6M | ||
| Q2 25 | — | $15.0M | ||
| Q1 25 | — | $-20.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $118.4M | ||
| Q2 24 | — | $-62.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | -57.5% | ||
| Q3 25 | — | 38.1% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | -5.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 21.5% | ||
| Q2 24 | — | -19.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | 5.60× | -10.19× | ||
| Q3 25 | 1.51× | 2.95× | ||
| Q2 25 | 1.58× | 0.48× | ||
| Q1 25 | 1.38× | -0.63× | ||
| Q4 24 | 5.57× | -27.27× | ||
| Q3 24 | 1.50× | 1.46× | ||
| Q2 24 | 1.57× | -1.59× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
EPRT
| Rental revenue 1,2 | $149.4M | 94% |
| Other | $8.6M | 5% |
| Other revenue | $779.0K | 0% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
