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Side-by-side financial comparison of BELLRING BRANDS, INC. (BRBR) and Essex Property Trust (ESS). Click either name above to swap in a different company.
BELLRING BRANDS, INC. is the larger business by last-quarter revenue ($537.3M vs $479.6M, roughly 1.1× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs 8.1%, a 9.7% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs 0.8%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs 4.2%).
Bellring Brands, Inc. develops, manufactures and sells high-quality protein and functional nutritional products including ready-to-drink shakes, protein bars, powders and snacks. Its core brands Premier Protein, Dymatize and PowerBar serve health-conscious consumers and fitness enthusiasts across North America via retail, e-commerce and specialty channels.
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
BRBR vs ESS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $537.3M | $479.6M |
| Net Profit | $43.7M | $85.7M |
| Gross Margin | 29.9% | 70.0% |
| Operating Margin | 14.6% | 31.7% |
| Net Margin | 8.1% | 17.9% |
| Revenue YoY | 0.8% | 5.5% |
| Net Profit YoY | -43.2% | -71.6% |
| EPS (diluted) | $0.36 | $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.
| Q4 25 | $537.3M | $479.6M | ||
| Q3 25 | $648.2M | $473.3M | ||
| Q2 25 | $547.5M | $469.8M | ||
| Q1 25 | $588.0M | $464.6M | ||
| Q4 24 | $532.9M | $454.5M | ||
| Q3 24 | $555.8M | $450.7M | ||
| Q2 24 | $515.4M | $442.4M | ||
| Q1 24 | $494.6M | $426.9M |
| Q4 25 | $43.7M | $85.7M | ||
| Q3 25 | $59.6M | $172.7M | ||
| Q2 25 | $21.0M | $231.5M | ||
| Q1 25 | $58.7M | $212.8M | ||
| Q4 24 | $76.9M | $301.7M | ||
| Q3 24 | $71.7M | $125.5M | ||
| Q2 24 | $73.7M | $99.0M | ||
| Q1 24 | $57.2M | $285.1M |
| Q4 25 | 29.9% | 70.0% | ||
| Q3 25 | 28.9% | 69.2% | ||
| Q2 25 | 35.4% | 70.7% | ||
| Q1 25 | 32.3% | 69.6% | ||
| Q4 24 | 37.5% | 70.0% | ||
| Q3 24 | 36.9% | 69.5% | ||
| Q2 24 | 36.8% | 70.8% | ||
| Q1 24 | 33.2% | 69.7% |
| Q4 25 | 14.6% | 31.7% | ||
| Q3 25 | 15.8% | 44.5% | ||
| Q2 25 | 8.2% | 59.5% | ||
| Q1 25 | 16.2% | 55.3% | ||
| Q4 24 | 21.6% | 67.0% | ||
| Q3 24 | 20.2% | 28.6% | ||
| Q2 24 | 21.7% | 31.1% | ||
| Q1 24 | 18.4% | 31.0% |
| Q4 25 | 8.1% | 17.9% | ||
| Q3 25 | 9.2% | 36.5% | ||
| Q2 25 | 3.8% | 49.3% | ||
| Q1 25 | 10.0% | 45.8% | ||
| Q4 24 | 14.4% | 66.4% | ||
| Q3 24 | 12.9% | 27.8% | ||
| Q2 24 | 14.3% | 22.4% | ||
| Q1 24 | 11.6% | 66.8% |
| Q4 25 | $0.36 | $1.24 | ||
| Q3 25 | $0.48 | $2.56 | ||
| Q2 25 | $0.16 | $3.44 | ||
| Q1 25 | $0.45 | $3.16 | ||
| Q4 24 | $0.59 | $4.00 | ||
| Q3 24 | $0.54 | $1.84 | ||
| Q2 24 | $0.56 | $1.45 | ||
| Q1 24 | $0.43 | $4.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $64.1M | $76.2M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $-510.7M | $5.5B |
| Total Assets | $1.1B | $13.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.1M | $76.2M | ||
| Q3 25 | $71.8M | $66.0M | ||
| Q2 25 | $43.7M | $58.7M | ||
| Q1 25 | $28.1M | $98.7M | ||
| Q4 24 | $49.6M | $66.8M | ||
| Q3 24 | $70.8M | $71.3M | ||
| Q2 24 | $72.6M | $55.2M | ||
| Q1 24 | $79.3M | $499.0M |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.1B | $6.4B | ||
| Q2 25 | $1.0B | $6.4B | ||
| Q1 25 | $953.7M | $6.8B | ||
| Q4 24 | $833.4M | — | ||
| Q3 24 | $833.1M | $6.4B | ||
| Q2 24 | $832.7M | $6.2B | ||
| Q1 24 | $832.4M | $6.6B |
| Q4 25 | $-510.7M | $5.5B | ||
| Q3 25 | $-453.9M | $5.6B | ||
| Q2 25 | $-309.9M | $5.6B | ||
| Q1 25 | $-254.1M | $5.6B | ||
| Q4 24 | $-146.6M | $5.5B | ||
| Q3 24 | $-205.9M | $5.4B | ||
| Q2 24 | $-243.2M | $5.5B | ||
| Q1 24 | $-247.7M | $5.5B |
| Q4 25 | $1.1B | $13.2B | ||
| Q3 25 | $941.0M | $13.2B | ||
| Q2 25 | $993.7M | $13.2B | ||
| Q1 25 | $947.5M | $13.2B | ||
| Q4 24 | $885.2M | $12.9B | ||
| Q3 24 | $837.0M | $12.6B | ||
| Q2 24 | $804.1M | $12.5B | ||
| Q1 24 | $765.0M | $12.9B |
| 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 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-3.1M | $1.1B |
| Free Cash FlowOCF − Capex | $-7.3M | — |
| FCF MarginFCF / Revenue | -1.4% | — |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | -0.07× | 12.53× |
| TTM Free Cash FlowTrailing 4 quarters | $246.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.1M | $1.1B | ||
| Q3 25 | $169.1M | $342.6M | ||
| Q2 25 | $40.3M | $216.1M | ||
| Q1 25 | $48.2M | $281.5M | ||
| Q4 24 | $3.0M | $1.1B | ||
| Q3 24 | $40.1M | $316.2M | ||
| Q2 24 | $69.0M | $218.9M | ||
| Q1 24 | $16.3M | $314.9M |
| Q4 25 | $-7.3M | — | ||
| Q3 25 | $168.1M | — | ||
| Q2 25 | $38.5M | — | ||
| Q1 25 | $47.6M | — | ||
| Q4 24 | $1.7M | — | ||
| Q3 24 | $38.9M | — | ||
| Q2 24 | $68.9M | — | ||
| Q1 24 | $16.0M | — |
| Q4 25 | -1.4% | — | ||
| Q3 25 | 25.9% | — | ||
| Q2 25 | 7.0% | — | ||
| Q1 25 | 8.1% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 7.0% | — | ||
| Q2 24 | 13.4% | — | ||
| Q1 24 | 3.2% | — |
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | -0.07× | 12.53× | ||
| Q3 25 | 2.84× | 1.98× | ||
| Q2 25 | 1.92× | 0.93× | ||
| Q1 25 | 0.82× | 1.32× | ||
| Q4 24 | 0.04× | 3.54× | ||
| Q3 24 | 0.56× | 2.52× | ||
| Q2 24 | 0.94× | 2.21× | ||
| Q1 24 | 0.28× | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRBR
| Shakesandotherbeverages | $432.4M | 80% |
| Powders | $92.1M | 17% |
| Other Products | $12.8M | 2% |
ESS
Segment breakdown not available.
