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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and Essex Property Trust (ESS). Click either name above to swap in a different company.

Atour Lifestyle Holdings Ltd is the larger business by last-quarter revenue ($789.6M vs $479.6M, roughly 1.6× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs 17.6%, a 0.3% gap on every dollar of revenue. On growth, Atour Lifestyle Holdings Ltd posted the faster year-over-year revenue change (252.5% vs 5.5%).

Atour Lifestyle Holdings Ltd is a leading China-based hospitality and lifestyle enterprise. It operates a wide portfolio of mid-to-premium hotel brands for business and leisure travelers, and offers complementary lifestyle retail products and experience services, catering primarily to middle-class consumers across domestic and selected overseas markets.

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

ATAT vs ESS — Head-to-Head

Bigger by revenue
ATAT
ATAT
1.6× larger
ATAT
$789.6M
$479.6M
ESS
Growing faster (revenue YoY)
ATAT
ATAT
+247.0% gap
ATAT
252.5%
5.5%
ESS
Higher net margin
ESS
ESS
0.3% more per $
ESS
17.9%
17.6%
ATAT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ATAT
ATAT
ESS
ESS
Revenue
$789.6M
$479.6M
Net Profit
$139.1M
$85.7M
Gross Margin
70.0%
Operating Margin
22.5%
31.7%
Net Margin
17.6%
17.9%
Revenue YoY
252.5%
5.5%
Net Profit YoY
322.2%
-71.6%
EPS (diluted)
$0.33
$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
ATAT
ATAT
ESS
ESS
Q4 25
$479.6M
Q3 25
$789.6M
$473.3M
Q2 25
$469.8M
Q1 25
$464.6M
Q4 24
$454.5M
Q3 24
$224.0M
$450.7M
Q2 24
$442.4M
Q1 24
$203.4M
$426.9M
Net Profit
ATAT
ATAT
ESS
ESS
Q4 25
$85.7M
Q3 25
$139.1M
$172.7M
Q2 25
$231.5M
Q1 25
$212.8M
Q4 24
$301.7M
Q3 24
$33.0M
$125.5M
Q2 24
$99.0M
Q1 24
$35.6M
$285.1M
Gross Margin
ATAT
ATAT
ESS
ESS
Q4 25
70.0%
Q3 25
69.2%
Q2 25
70.7%
Q1 25
69.6%
Q4 24
70.0%
Q3 24
69.5%
Q2 24
70.8%
Q1 24
69.7%
Operating Margin
ATAT
ATAT
ESS
ESS
Q4 25
31.7%
Q3 25
22.5%
44.5%
Q2 25
59.5%
Q1 25
55.3%
Q4 24
67.0%
Q3 24
14.7%
28.6%
Q2 24
31.1%
Q1 24
22.1%
31.0%
Net Margin
ATAT
ATAT
ESS
ESS
Q4 25
17.9%
Q3 25
17.6%
36.5%
Q2 25
49.3%
Q1 25
45.8%
Q4 24
66.4%
Q3 24
14.7%
27.8%
Q2 24
22.4%
Q1 24
17.5%
66.8%
EPS (diluted)
ATAT
ATAT
ESS
ESS
Q4 25
$1.24
Q3 25
$0.33
$2.56
Q2 25
$3.44
Q1 25
$3.16
Q4 24
$4.00
Q3 24
$0.08
$1.84
Q2 24
$1.45
Q1 24
$0.09
$4.25

Balance Sheet & Financial Strength

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

Metric
ATAT
ATAT
ESS
ESS
Cash + ST InvestmentsLiquidity on hand
$669.2M
$76.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$405.0M
$5.5B
Total Assets
$1.1B
$13.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATAT
ATAT
ESS
ESS
Q4 25
$76.2M
Q3 25
$669.2M
$66.0M
Q2 25
$58.7M
Q1 25
$98.7M
Q4 24
$66.8M
Q3 24
$506.0M
$71.3M
Q2 24
$55.2M
Q1 24
$520.7M
$499.0M
Total Debt
ATAT
ATAT
ESS
ESS
Q4 25
Q3 25
$6.4B
Q2 25
$6.4B
Q1 25
$6.8B
Q4 24
Q3 24
$6.4B
Q2 24
$6.2B
Q1 24
$277.0K
$6.6B
Stockholders' Equity
ATAT
ATAT
ESS
ESS
Q4 25
$5.5B
Q3 25
$405.0M
$5.6B
Q2 25
$5.6B
Q1 25
$5.6B
Q4 24
$5.5B
Q3 24
$291.3M
$5.4B
Q2 24
$5.5B
Q1 24
$323.5M
$5.5B
Total Assets
ATAT
ATAT
ESS
ESS
Q4 25
$13.2B
Q3 25
$1.1B
$13.2B
Q2 25
$13.2B
Q1 25
$13.2B
Q4 24
$12.9B
Q3 24
$927.8M
$12.6B
Q2 24
$12.5B
Q1 24
$936.3M
$12.9B
Debt / Equity
ATAT
ATAT
ESS
ESS
Q4 25
Q3 25
1.15×
Q2 25
1.14×
Q1 25
1.22×
Q4 24
Q3 24
1.18×
Q2 24
1.13×
Q1 24
0.00×
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
ATAT
ATAT
ESS
ESS
Operating Cash FlowLast quarter
$216.6M
$1.1B
Free Cash FlowOCF − Capex
$210.7M
FCF MarginFCF / Revenue
26.7%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
1.56×
12.53×
TTM Free Cash FlowTrailing 4 quarters
$359.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATAT
ATAT
ESS
ESS
Q4 25
$1.1B
Q3 25
$216.6M
$342.6M
Q2 25
$216.1M
Q1 25
$281.5M
Q4 24
$1.1B
Q3 24
$84.8M
$316.2M
Q2 24
$218.9M
Q1 24
$19.8M
$314.9M
Free Cash Flow
ATAT
ATAT
ESS
ESS
Q4 25
Q3 25
$210.7M
Q2 25
Q1 25
Q4 24
Q3 24
$83.3M
Q2 24
Q1 24
$18.1M
FCF Margin
ATAT
ATAT
ESS
ESS
Q4 25
Q3 25
26.7%
Q2 25
Q1 25
Q4 24
Q3 24
37.2%
Q2 24
Q1 24
8.9%
Capex Intensity
ATAT
ATAT
ESS
ESS
Q4 25
Q3 25
0.8%
Q2 25
Q1 25
Q4 24
Q3 24
0.7%
Q2 24
Q1 24
0.9%
Cash Conversion
ATAT
ATAT
ESS
ESS
Q4 25
12.53×
Q3 25
1.56×
1.98×
Q2 25
0.93×
Q1 25
1.32×
Q4 24
3.54×
Q3 24
2.57×
2.52×
Q2 24
2.21×
Q1 24
0.56×
1.10×

Financial Flow Comparison

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

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