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Side-by-side financial comparison of CLOVER HEALTH INVESTMENTS, CORP. (CLOV) and Essex Property Trust (ESS). Click either name above to swap in a different company.
CLOVER HEALTH INVESTMENTS, CORP. is the larger business by last-quarter revenue ($487.7M vs $479.6M, roughly 1.0× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs -10.1%, a 28.0% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% vs 5.5%). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (18.6% CAGR vs 6.0%).
Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
CLOV vs ESS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $487.7M | $479.6M |
| Net Profit | $-49.3M | $85.7M |
| Gross Margin | — | 70.0% |
| Operating Margin | -10.1% | 31.7% |
| Net Margin | -10.1% | 17.9% |
| Revenue YoY | 44.7% | 5.5% |
| Net Profit YoY | -123.2% | -71.6% |
| EPS (diluted) | — | $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 | $487.7M | $479.6M | ||
| Q3 25 | $496.6M | $473.3M | ||
| Q2 25 | $477.6M | $469.8M | ||
| Q1 25 | $462.3M | $464.6M | ||
| Q4 24 | $337.0M | $454.5M | ||
| Q3 24 | $331.0M | $450.7M | ||
| Q2 24 | $356.3M | $442.4M | ||
| Q1 24 | $346.9M | $426.9M |
| Q4 25 | $-49.3M | $85.7M | ||
| Q3 25 | $-24.4M | $172.7M | ||
| Q2 25 | $-10.6M | $231.5M | ||
| Q1 25 | $-1.3M | $212.8M | ||
| Q4 24 | $-22.1M | $301.7M | ||
| Q3 24 | $-9.2M | $125.5M | ||
| Q2 24 | $7.4M | $99.0M | ||
| Q1 24 | $-19.2M | $285.1M |
| Q4 25 | — | 70.0% | ||
| Q3 25 | — | 69.2% | ||
| Q2 25 | — | 70.7% | ||
| Q1 25 | — | 69.6% | ||
| Q4 24 | — | 70.0% | ||
| Q3 24 | 24.5% | 69.5% | ||
| Q2 24 | 30.3% | 70.8% | ||
| Q1 24 | 23.6% | 69.7% |
| Q4 25 | -10.1% | 31.7% | ||
| Q3 25 | -4.9% | 44.5% | ||
| Q2 25 | -2.2% | 59.5% | ||
| Q1 25 | -0.3% | 55.3% | ||
| Q4 24 | -6.4% | 67.0% | ||
| Q3 24 | -2.7% | 28.6% | ||
| Q2 24 | 2.0% | 31.1% | ||
| Q1 24 | -6.5% | 31.0% |
| Q4 25 | -10.1% | 17.9% | ||
| Q3 25 | -4.9% | 36.5% | ||
| Q2 25 | -2.2% | 49.3% | ||
| Q1 25 | -0.3% | 45.8% | ||
| Q4 24 | -6.6% | 66.4% | ||
| Q3 24 | -2.8% | 27.8% | ||
| Q2 24 | 2.1% | 22.4% | ||
| Q1 24 | -5.5% | 66.8% |
| Q4 25 | — | $1.24 | ||
| Q3 25 | — | $2.56 | ||
| Q2 25 | — | $3.44 | ||
| Q1 25 | — | $3.16 | ||
| Q4 24 | — | $4.00 | ||
| Q3 24 | — | $1.84 | ||
| Q2 24 | — | $1.45 | ||
| Q1 24 | — | $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 | $78.3M | $76.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $308.7M | $5.5B |
| Total Assets | $541.0M | $13.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.3M | $76.2M | ||
| Q3 25 | — | $66.0M | ||
| Q2 25 | — | $58.7M | ||
| Q1 25 | — | $98.7M | ||
| Q4 24 | $194.5M | $66.8M | ||
| Q3 24 | $288.0M | $71.3M | ||
| Q2 24 | $254.8M | $55.2M | ||
| Q1 24 | $208.3M | $499.0M |
| 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 | — | $6.6B |
| Q4 25 | $308.7M | $5.5B | ||
| Q3 25 | $340.9M | $5.6B | ||
| Q2 25 | $344.2M | $5.6B | ||
| Q1 25 | $336.1M | $5.6B | ||
| Q4 24 | $341.1M | $5.5B | ||
| Q3 24 | $342.2M | $5.4B | ||
| Q2 24 | $324.9M | $5.5B | ||
| Q1 24 | $292.5M | $5.5B |
| Q4 25 | $541.0M | $13.2B | ||
| Q3 25 | $559.7M | $13.2B | ||
| Q2 25 | $575.0M | $13.2B | ||
| Q1 25 | $583.7M | $13.2B | ||
| Q4 24 | $580.7M | $12.9B | ||
| Q3 24 | $653.0M | $12.6B | ||
| Q2 24 | $674.2M | $12.5B | ||
| Q1 24 | $671.8M | $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 | $-66.9M | $1.1B |
| Free Cash FlowOCF − Capex | $-69.0M | — |
| FCF MarginFCF / Revenue | -14.1% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | 12.53× |
| TTM Free Cash FlowTrailing 4 quarters | $-69.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-66.9M | $1.1B | ||
| Q3 25 | $12.1M | $342.6M | ||
| Q2 25 | $5.4M | $216.1M | ||
| Q1 25 | $-16.3M | $281.5M | ||
| Q4 24 | $34.8M | $1.1B | ||
| Q3 24 | $50.0M | $316.2M | ||
| Q2 24 | $44.8M | $218.9M | ||
| Q1 24 | $25.9M | $314.9M |
| Q4 25 | $-69.0M | — | ||
| Q3 25 | $11.4M | — | ||
| Q2 25 | $4.8M | — | ||
| Q1 25 | $-16.5M | — | ||
| Q4 24 | $33.3M | — | ||
| Q3 24 | $49.6M | — | ||
| Q2 24 | $44.4M | — | ||
| Q1 24 | $25.5M | — |
| Q4 25 | -14.1% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | -3.6% | — | ||
| Q4 24 | 9.9% | — | ||
| Q3 24 | 15.0% | — | ||
| Q2 24 | 12.5% | — | ||
| Q1 24 | 7.3% | — |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | — | 12.53× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 3.54× | ||
| Q3 24 | — | 2.52× | ||
| Q2 24 | 6.04× | 2.21× | ||
| Q1 24 | — | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
