Essential Properties Realty Trust, Inc.
NYSE:EPRT · New York Stock Exchange
+$0.14 today
Vol 4.91M · Avg 2.09M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:EPRT · Revenue to Net Income
Key Ratios
Analysis
$593.1M of revenue converted into $256.7M of net income for the selected period. Gross margin is 71.7% and net margin is 43.5%, showing how much revenue survives after costs and taxes. EPS is $1.27, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $561.9M +25.0% | $449.6M +25.0% | $359.6M +25.5% | $286.5M +24.4% | $230.2M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $89.6M +1693.7% | $5.0M +7.2% | $4.7M +35.1% | $3.5M -40.1% | $5.8M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $472.3M +6.2% | $444.6M +25.3% | $354.9M +25.4% | $283.1M +26.1% | $224.5M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 84.0% -14.8pp | 98.9% +0.2pp | 98.7% -0.1pp | 98.8% +1.3pp | 97.5% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $40.9M +16.2% | $35.2M +14.6% | $30.7M +4.1% | $29.5M +21.1% | $24.3M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $109.8M -34.0% | $166.4M +48.4% | $112.2M +4.2% | $107.6M +19.5% | $90.1M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $153.6M +25.7% | $122.2M +19.8% | $101.9M +15.1% | $88.6M +28.8% | $68.7M | $374.2M | $1.2B | $631.8M |
| EBITDA | $519.0M +28.1% | $405.0M +15.0% | $352.1M +38.9% | $253.5M +26.8% | $199.9M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 92.4% +2.3pp | 90.1% -7.8pp | 97.9% +9.4pp | 88.5% +1.6pp | 86.8% | 5.6% | 46.3% | 42.0% |
| Operating Income | $362.5M +30.3% | $278.2M +14.6% | $242.8M +38.4% | $175.4M +30.5% | $134.4M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 64.5% +2.6pp | 61.9% -5.6pp | 67.5% +6.3pp | 61.2% +2.8pp | 58.4% | 16.6% | 24.1% | 22.0% |
| Interest Income | $19.1M +521.1% | $3.1M +52.6% | $2.0M -28.8% | $2.8M +2905.3% | $94.0K | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $115.3M +46.8% | $78.5M +49.3% | $52.6M +30.3% | $40.4M +20.1% | $33.6M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$108.1M -46.2% | -$73.9M -45.8% | -$50.7M -27.8% | -$39.7M -4.5% | -$38.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $254.4M +24.5% | $204.3M +6.4% | $192.1M +41.5% | $135.7M +40.8% | $96.4M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 45.3% -0.2pp | 45.4% -8.0pp | 53.4% +6.0pp | 47.4% +5.5pp | 41.9% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $643.0K +2.4% | $628.0K -1.3% | $636.0K -36.3% | $998.0K +339.6% | $227.0K | $1.3B | -$1.6B | $745.2M |
| Net Income | $253.0M +24.6% | $203.0M +6.4% | $190.7M +42.2% | $134.1M +40.1% | $95.7M | $4.9B | $4.8B | $4.7B |
| Net Margin | 45.0% -0.1pp | 45.2% -7.9pp | 53.0% +6.2pp | 46.8% +5.2pp | 41.6% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 +11.2% | $1 -7.2% | $1 +26.3% | $1 +20.7% | $1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 +11.3% | $1 -7.3% | $1 +25.3% | $1 +20.7% | $1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $199.9M +15.0% | $173.9M +14.3% | $152.1M +12.7% | $134.9M +16.0% | $116.4M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $201.6M +13.8% | $177.1M +15.4% | $153.5M +13.0% | $135.9M +15.7% | $117.5M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
CareTrust REIT, Inc.
NYSE:CTRE
$8.60B
First Industrial Realty Trust, Inc.
NYSE:FR
$8.12B
Ryman Hospitality Properties, Inc.
NYSE:RHP
$7.86B
Rexford Industrial Realty, Inc.
NYSE:REXR
$7.63B
STAG Industrial, Inc.
NYSE:STAG
$7.16B
Terreno Realty Corporation
NYSE:TRNO
$6.77B
Brookfield Property Partners L.P.
NASDAQ:BPYPO
$6.39B
Starwood Property Trust, Inc.
NYSE:STWD
$6.22B
Rithm Capital Corp.
NYSE:RITM
$5.21B
Global Net Lease, Inc.
NYSE:GNL
$1.94B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does EPRT generate?
Essential Properties Realty Trust, Inc. (EPRT) reported $561.89M of revenue in fiscal 2025.
Is EPRT profitable?
Essential Properties Realty Trust, Inc. (EPRT) reported $253.01M of net income, with a net margin of 45.0%.
Explore More
Continue the stock analysis
Jump to another research area for this company.