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Side-by-side financial comparison of AMN HEALTHCARE SERVICES INC (AMN) and Essex Property Trust (ESS). Click either name above to swap in a different company.

AMN HEALTHCARE SERVICES INC is the larger business by last-quarter revenue ($748.2M vs $479.6M, roughly 1.6× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs -1.0%, a 18.9% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs 1.8%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -4.5%).

AMN Healthcare Services Inc. is a leading US healthcare sector workforce solutions and staffing provider. It offers temporary and permanent placement for nurses, physicians, allied health and other clinical/non-clinical staff, plus workforce management tools and consulting for hospitals, clinics and other medical facilities.

Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.

AMN vs ESS — Head-to-Head

Bigger by revenue
AMN
AMN
1.6× larger
AMN
$748.2M
$479.6M
ESS
Growing faster (revenue YoY)
ESS
ESS
+3.7% gap
ESS
5.5%
1.8%
AMN
Higher net margin
ESS
ESS
18.9% more per $
ESS
17.9%
-1.0%
AMN
Faster 2-yr revenue CAGR
ESS
ESS
Annualised
ESS
6.0%
-4.5%
AMN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMN
AMN
ESS
ESS
Revenue
$748.2M
$479.6M
Net Profit
$-7.7M
$85.7M
Gross Margin
26.1%
70.0%
Operating Margin
1.1%
31.7%
Net Margin
-1.0%
17.9%
Revenue YoY
1.8%
5.5%
Net Profit YoY
95.9%
-71.6%
EPS (diluted)
$-0.19
$1.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMN
AMN
ESS
ESS
Q4 25
$748.2M
$479.6M
Q3 25
$634.5M
$473.3M
Q2 25
$658.2M
$469.8M
Q1 25
$689.5M
$464.6M
Q4 24
$734.7M
$454.5M
Q3 24
$687.5M
$450.7M
Q2 24
$740.7M
$442.4M
Q1 24
$820.9M
$426.9M
Net Profit
AMN
AMN
ESS
ESS
Q4 25
$-7.7M
$85.7M
Q3 25
$29.3M
$172.7M
Q2 25
$-116.2M
$231.5M
Q1 25
$-1.1M
$212.8M
Q4 24
$-187.5M
$301.7M
Q3 24
$7.0M
$125.5M
Q2 24
$16.2M
$99.0M
Q1 24
$17.3M
$285.1M
Gross Margin
AMN
AMN
ESS
ESS
Q4 25
26.1%
70.0%
Q3 25
29.1%
69.2%
Q2 25
29.8%
70.7%
Q1 25
28.7%
69.6%
Q4 24
29.8%
70.0%
Q3 24
31.0%
69.5%
Q2 24
31.0%
70.8%
Q1 24
31.4%
69.7%
Operating Margin
AMN
AMN
ESS
ESS
Q4 25
1.1%
31.7%
Q3 25
7.5%
44.5%
Q2 25
-18.8%
59.5%
Q1 25
1.8%
55.3%
Q4 24
-27.6%
67.0%
Q3 24
3.2%
28.6%
Q2 24
5.1%
31.1%
Q1 24
4.9%
31.0%
Net Margin
AMN
AMN
ESS
ESS
Q4 25
-1.0%
17.9%
Q3 25
4.6%
36.5%
Q2 25
-17.7%
49.3%
Q1 25
-0.2%
45.8%
Q4 24
-25.5%
66.4%
Q3 24
1.0%
27.8%
Q2 24
2.2%
22.4%
Q1 24
2.1%
66.8%
EPS (diluted)
AMN
AMN
ESS
ESS
Q4 25
$-0.19
$1.24
Q3 25
$0.76
$2.56
Q2 25
$-3.02
$3.44
Q1 25
$-0.03
$3.16
Q4 24
$-4.90
$4.00
Q3 24
$0.18
$1.84
Q2 24
$0.42
$1.45
Q1 24
$0.45
$4.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMN
AMN
ESS
ESS
Cash + ST InvestmentsLiquidity on hand
$34.0M
$76.2M
Total DebtLower is stronger
$767.1M
Stockholders' EquityBook value
$642.1M
$5.5B
Total Assets
$2.1B
$13.2B
Debt / EquityLower = less leverage
1.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMN
AMN
ESS
ESS
Q4 25
$34.0M
$76.2M
Q3 25
$52.6M
$66.0M
Q2 25
$41.5M
$58.7M
Q1 25
$55.8M
$98.7M
Q4 24
$10.6M
$66.8M
Q3 24
$30.6M
$71.3M
Q2 24
$48.0M
$55.2M
Q1 24
$50.6M
$499.0M
Total Debt
AMN
AMN
ESS
ESS
Q4 25
$767.1M
Q3 25
$6.4B
Q2 25
$6.4B
Q1 25
$6.8B
Q4 24
$1.1B
Q3 24
$6.4B
Q2 24
$6.2B
Q1 24
$6.6B
Stockholders' Equity
AMN
AMN
ESS
ESS
Q4 25
$642.1M
$5.5B
Q3 25
$644.4M
$5.6B
Q2 25
$607.6M
$5.6B
Q1 25
$715.1M
$5.6B
Q4 24
$706.6M
$5.5B
Q3 24
$890.7M
$5.4B
Q2 24
$876.9M
$5.5B
Q1 24
$854.2M
$5.5B
Total Assets
AMN
AMN
ESS
ESS
Q4 25
$2.1B
$13.2B
Q3 25
$2.1B
$13.2B
Q2 25
$2.2B
$13.2B
Q1 25
$2.4B
$13.2B
Q4 24
$2.4B
$12.9B
Q3 24
$2.7B
$12.6B
Q2 24
$2.8B
$12.5B
Q1 24
$2.9B
$12.9B
Debt / Equity
AMN
AMN
ESS
ESS
Q4 25
1.19×
Q3 25
1.15×
Q2 25
1.14×
Q1 25
1.22×
Q4 24
1.49×
Q3 24
1.18×
Q2 24
1.13×
Q1 24
1.19×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMN
AMN
ESS
ESS
Operating Cash FlowLast quarter
$75.6M
$1.1B
Free Cash FlowOCF − Capex
$67.6M
FCF MarginFCF / Revenue
9.0%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
12.53×
TTM Free Cash FlowTrailing 4 quarters
$233.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMN
AMN
ESS
ESS
Q4 25
$75.6M
$1.1B
Q3 25
$22.7M
$342.6M
Q2 25
$78.5M
$216.1M
Q1 25
$92.7M
$281.5M
Q4 24
$72.8M
$1.1B
Q3 24
$66.7M
$316.2M
Q2 24
$99.5M
$218.9M
Q1 24
$81.4M
$314.9M
Free Cash Flow
AMN
AMN
ESS
ESS
Q4 25
$67.6M
Q3 25
$14.8M
Q2 25
$68.7M
Q1 25
$82.7M
Q4 24
$56.6M
Q3 24
$47.4M
Q2 24
$72.2M
Q1 24
$63.2M
FCF Margin
AMN
AMN
ESS
ESS
Q4 25
9.0%
Q3 25
2.3%
Q2 25
10.4%
Q1 25
12.0%
Q4 24
7.7%
Q3 24
6.9%
Q2 24
9.8%
Q1 24
7.7%
Capex Intensity
AMN
AMN
ESS
ESS
Q4 25
1.1%
Q3 25
1.2%
Q2 25
1.5%
Q1 25
1.4%
Q4 24
2.2%
Q3 24
2.8%
Q2 24
3.7%
Q1 24
2.2%
Cash Conversion
AMN
AMN
ESS
ESS
Q4 25
12.53×
Q3 25
0.77×
1.98×
Q2 25
0.93×
Q1 25
1.32×
Q4 24
3.54×
Q3 24
9.54×
2.52×
Q2 24
6.13×
2.21×
Q1 24
4.70×
1.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMN
AMN

Travel Nurse Staffing$208.3M28%
Allied Staffing$146.9M20%
Labor Disruption Services$124.3M17%
Technology And Workforce Solutions$88.0M12%
Language Services$69.9M9%
Other$29.6M4%
International Nurse Staffing$29.6M4%
Interim Leadership Staffing$24.1M3%
Vendor Management Systems$16.3M2%
Local Staffing$8.6M1%
International Nurse Permanent Placement$2.6M0%

ESS
ESS

Segment breakdown not available.

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