Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $54.4M | $96.2M | $139M | $164M | $230M | $287M | $360M | $450M | $561M |
| Revenue growth | — | 76.7% | 44.8% | 17.7% | 40.4% | 24.4% | 25.5% | 25.0% | 24.8% |
| Operating income | $6.41M | $50.1M | $79.8M | $72.8M | $134M | $175M | $243M | $278M | $360M |
| Operating margin | 11.8% | 52.0% | 57.3% | 44.4% | 58.4% | 61.2% | 67.5% | 61.9% | 64.1% |
| Net income | $6.30M | $15.6M | $41.8M | $42.3M | $95.7M | $134M | $191M | $203M | $253M |
| Net margin | 11.6% | 16.2% | 30.0% | 25.8% | 41.6% | 46.8% | 53.0% | 45.2% | 45.1% |
| EPS (diluted) | — | — | $0.63 | $0.44 | $0.82 | $0.99 | $1.24 | $1.15 | $1.28 |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $22.5M | $45.9M | $88.6M | $99.4M | $167M | $211M | $255M | $308M | $381M |
| Capital expenditures | $48.0K | $1.69M | — | — | — | — | — | — | — |
| Free cash flow | $22.4M | $44.2M | — | — | — | — | — | — | — |
| Dividends paid | — | $14.1M | $63.9M | $86.5M | $112M | $142M | $168M | $200M | $234M |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $7.25M | $4.24M | $8.30M | $26.6M | $59.8M | $62.3M | $39.8M | $40.7M | $60.2M |
| Total assets | $942M | $1.38B | $1.98B | $2.49B | $3.30B | $4.00B | $4.77B | $5.80B | $6.86B |
| Total liabilities | $761M | $570M | $773M | $907M | $1.25B | $1.50B | $1.78B | $2.23B | $2.66B |
| Long-term debt | — | $515M | $239M | $821M | $1.17B | $1.43B | $1.68B | $2.13B | $2.53B |
| Shareholders' equity | $181M | $562M | $1.19B | $1.57B | $2.04B | $2.49B | $2.98B | $3.56B | $4.20B |
| Retained earnings | — | -$7.66M | -$27.5M | -$77.7M | -$101M | -$117M | -$106M | -$113M | -$109M |
| Shares (wtd avg diluted) | — | 43.7M | 75.3M | 96.2M | 117M | 136M | 154M | 177M | 198M |
Every figure is extracted from ESSENTIAL PROPERTIES REALTY TRUST, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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