EPRT Financials Essential Properties Realty Trust, Inc.
9 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 27.9% per year over the past 5 years.
Net income has grown faster than revenue (43.0% vs 27.9% per year).
Operating margin has expanded, at 64.1% in the latest year.
Free cash flow has grown 97.2% per year over the past 5 years.
Financial health
Total debt ($2.5B) exceeds cash ($60M); net debt is $2.5B.
Total debt has grown in line with revenue (25.2% vs 27.9% per year).
Operating income covered interest expense 3.3× in the latest year.
Total debt is 5.0× EBITDA.
Shareholder returns
Dividends have been paid for 8 consecutive years, consuming 92.5% of earnings.
The dividend has grown 22.0% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$561M
$253M
0.0%
64.1%
—
$2.5B
$60M
2024
$450M
$203M
0.0%
61.9%
—
$2.1B
$41M
2023
$360M
$191M
0.0%
67.5%
—
$1.7B
$40M
2022
$287M
$134M
0.0%
61.2%
—
$1.4B
$62M
2021
$230M
$96M
0.0%
58.4%
—
$1.2B
$60M
2020
$164M
$42M
0.0%
44.4%
—
$821M
$27M
2019
$139M
$42M
0.0%
57.3%
—
$239M
$8M
2018
$96M
$16M
0.0%
52.0%
$44M
$515M
$4M
2017
$54M
$6M
0.0%
11.8%
$22M
—
$7M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$159M
$60M
0.0%
56.5%
—
$2.6B
$15M
Dec '25
$150M
$68M
0.0%
65.9%
—
$2.5B
$60M
Sep '25
$145M
$66M
0.0%
64.7%
—
$2.6B
$24M
Jun '25
$137M
$63M
0.0%
64.1%
—
$2.3B
$21M
Mar '25
$129M
$56M
0.0%
61.6%
—
$2.1B
$47M
Dec '24
$120M
$55M
0.0%
66.1%
—
$2.1B
$41M
Sep '24
$117M
$49M
0.0%
59.7%
—
$2.2B
$33M
Jun '24
$109M
$52M
0.0%
61.1%
—
$1.9B
$24M
Mar '24
$104M
$47M
0.0%
60.3%
—
$1.7B
$79M
Dec '23
$98M
$49M
0.0%
66.1%
—
$1.7B
$40M
Sep '23
$92M
$46M
0.0%
64.0%
—
$1.6B
$36M
Jun '23
$87M
$53M
0.0%
74.9%
—
$1.4B
$14M
Mar '23
$84M
$43M
0.0%
65.4%
—
$1.4B
$71M
Dec '22
$74M
$35M
0.0%
61.7%
—
$1.4B
$62M
Sep '22
$71M
$36M
0.0%
65.0%
—
$1.3B
$136M
Jun '22
$71M
$36M
0.0%
63.3%
—
$1.2B
$18M
Mar '22
$70M
$27M
0.0%
54.8%
—
$1.2B
$14M
Dec '21
$65M
$30M
0.0%
60.0%
—
$1.2B
$60M
Sep '21
$60M
$28M
0.0%
61.4%
—
$1.0B
$28M
Jun '21
$57M
$23M
0.0%
62.6%
—
$1.0B
$126M
Valuation over time
How the market has priced EPRT against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 40.1× (Mar '23) to 26.0× (Jun '26).
The price-to-sales ratio has fallen from 18.8× (Mar '23) to 11.7× (Jun '26).
The dividend yield has risen from 2.6% (Mar '23) to 3.6% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is EPRT growing its revenue and profit?
Over the past 5 years, Essential Properties Realty Trust, Inc.'s revenue has grown 27.9% per year, and net income grown 43.0% per year. These are computed facts, not advice.
How much debt does EPRT have?
As of FY2025, Essential Properties Realty Trust, Inc. reported $2.5B of total debt against $60M of cash; operating income covered interest expense 3.3×.
What is EPRT's profit margin?
In FY2025, gross margin was —, operating margin 64.1%, and net margin 45.1%.
What is EPRT's P/E ratio?
As of Jun '26, Essential Properties Realty Trust, Inc. traded at a price-to-earnings ratio of about 26.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.