Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Essential Properties Realty Trust Inc
Net PP&E was missing, so the physical footprint could not be scored. Reported capex is 0.00x depreciation. Acquisitions sit outside that line, so a low ratio here is the landlord pattern rather than an aging building stock. ROIC is 5.4%, below an 8% cost-of-capital hurdle.
Physical asset ratio
—
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
—
Revenue per dollar of the physical asset base.
Capex / D&A
0.00x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$20.38
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
1.27x
Price $25.97.
Fixed-charge coverage
4.47x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
6.8%
Latest free cash flow divided by current market cap ($5.63B).
ROIC
5.4%
After-tax operating income over equity plus debt minus cash.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 93.4% | 0.08x | 0.05x | $17.02 | 1.26x | $44.23M | 1.4% | 0.02x |
| 2019 | 89.1% | 0.08x | 13.57x | $14.91 | -15.16x | -$498.79M | 4.1% | 0.05x |
| 2020 | 91.7% | 0.07x | 0.00x | $15.85 | 3.91x | $99.39M | 3.0% | 0.03x |
| 2021 | 89.9% | 0.08x | 12.15x | $16.65 | -13.81x | -$672.63M | 4.2% | 0.05x |
| 2022 | 92.7% | 0.08x | 8.25x | $17.73 | -9.63x | -$517.71M | 4.5% | 0.05x |
| 2023 | 89.9% | 0.08x | 8.77x | $18.88 | -8.47x | -$639.98M | 5.2% | 0.06x |
| 2024 | — | — | 6.76x | $19.64 | -4.78x | -$517.27M | 4.9% | — |
| 2025 | — | — | 0.00x | $20.38 | 4.47x | $381.08M | 5.4% | — |
- Principal due is short-term debt, the amount reported as due within a year.
- Capex/D&A uses reported capital expenditures only. Property acquisitions sit in other investing cash flow, so this ratio does not capture portfolio growth.
Latest year inputs (2025)
Net PP&E: —
Inventory: $2.64M
Total assets: $6.86B
Goodwill: $0.00
Intangibles: $99.22M
Liabilities: $2.66B
Tangible book: $4.11B
Shares: 201,619,219
Revenue: $561.89M
Capex: $0.00
D&A: $153.60M
EBITDA: $518.96M
Interest: $115.28M
Short-term debt: $923.00K
Free cash flow: $381.08M
Operating income: $362.45M
Invested capital: $6.66B
Tax rate: 0.3%