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Side-by-side financial comparison of CNA FINANCIAL CORP (CNA) and Essex Property Trust (ESS). Click either name above to swap in a different company.

Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $389.0M, roughly 1.2× CNA FINANCIAL CORP). CNA FINANCIAL CORP runs the higher net margin — 77.6% vs 17.9%, a 59.8% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -2.0%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -2.2%).

CNA Financial Corporation is a financial corporation based in Chicago, Illinois, United States. Its principal subsidiary, Continental Casualty Company (CCC), was founded in 1897, and The Continental Insurance Company (CIC) was organized in 1853. CNA, the current parent company, was incorporated in 1967.

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

CNA vs ESS — Head-to-Head

Bigger by revenue
ESS
ESS
1.2× larger
ESS
$479.6M
$389.0M
CNA
Growing faster (revenue YoY)
ESS
ESS
+7.6% gap
ESS
5.5%
-2.0%
CNA
Higher net margin
CNA
CNA
59.8% more per $
CNA
77.6%
17.9%
ESS
Faster 2-yr revenue CAGR
ESS
ESS
Annualised
ESS
6.0%
-2.2%
CNA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CNA
CNA
ESS
ESS
Revenue
$389.0M
$479.6M
Net Profit
$302.0M
$85.7M
Gross Margin
70.0%
Operating Margin
97.2%
31.7%
Net Margin
77.6%
17.9%
Revenue YoY
-2.0%
5.5%
Net Profit YoY
1338.1%
-71.6%
EPS (diluted)
$1.11
$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
CNA
CNA
ESS
ESS
Q4 25
$389.0M
$479.6M
Q3 25
$393.0M
$473.3M
Q2 25
$398.0M
$469.8M
Q1 25
$397.0M
$464.6M
Q4 24
$397.0M
$454.5M
Q3 24
$401.0M
$450.7M
Q2 24
$404.0M
$442.4M
Q1 24
$407.0M
$426.9M
Net Profit
CNA
CNA
ESS
ESS
Q4 25
$302.0M
$85.7M
Q3 25
$403.0M
$172.7M
Q2 25
$299.0M
$231.5M
Q1 25
$274.0M
$212.8M
Q4 24
$21.0M
$301.7M
Q3 24
$283.0M
$125.5M
Q2 24
$317.0M
$99.0M
Q1 24
$338.0M
$285.1M
Gross Margin
CNA
CNA
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
CNA
CNA
ESS
ESS
Q4 25
97.2%
31.7%
Q3 25
44.5%
Q2 25
95.5%
59.5%
Q1 25
87.9%
55.3%
Q4 24
5.3%
67.0%
Q3 24
90.0%
28.6%
Q2 24
99.5%
31.1%
Q1 24
31.0%
Net Margin
CNA
CNA
ESS
ESS
Q4 25
77.6%
17.9%
Q3 25
102.5%
36.5%
Q2 25
75.1%
49.3%
Q1 25
69.0%
45.8%
Q4 24
5.3%
66.4%
Q3 24
70.6%
27.8%
Q2 24
78.5%
22.4%
Q1 24
83.0%
66.8%
EPS (diluted)
CNA
CNA
ESS
ESS
Q4 25
$1.11
$1.24
Q3 25
$1.48
$2.56
Q2 25
$1.10
$3.44
Q1 25
$1.00
$3.16
Q4 24
$0.07
$4.00
Q3 24
$1.04
$1.84
Q2 24
$1.17
$1.45
Q1 24
$1.24
$4.25

Balance Sheet & Financial Strength

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

Metric
CNA
CNA
ESS
ESS
Cash + ST InvestmentsLiquidity on hand
$76.2M
Total DebtLower is stronger
$3.0B
Stockholders' EquityBook value
$11.6B
$5.5B
Total Assets
$69.4B
$13.2B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNA
CNA
ESS
ESS
Q4 25
$76.2M
Q3 25
$66.0M
Q2 25
$58.7M
Q1 25
$98.7M
Q4 24
$66.8M
Q3 24
$71.3M
Q2 24
$55.2M
Q1 24
$499.0M
Total Debt
CNA
CNA
ESS
ESS
Q4 25
$3.0B
Q3 25
$6.4B
Q2 25
$6.4B
Q1 25
$6.8B
Q4 24
$3.0B
Q3 24
$6.4B
Q2 24
$6.2B
Q1 24
$6.6B
Stockholders' Equity
CNA
CNA
ESS
ESS
Q4 25
$11.6B
$5.5B
Q3 25
$11.3B
$5.6B
Q2 25
$10.7B
$5.6B
Q1 25
$10.3B
$5.6B
Q4 24
$10.5B
$5.5B
Q3 24
$10.8B
$5.4B
Q2 24
$9.9B
$5.5B
Q1 24
$9.7B
$5.5B
Total Assets
CNA
CNA
ESS
ESS
Q4 25
$69.4B
$13.2B
Q3 25
$69.8B
$13.2B
Q2 25
$68.9B
$13.2B
Q1 25
$67.3B
$13.2B
Q4 24
$66.5B
$12.9B
Q3 24
$67.4B
$12.6B
Q2 24
$65.2B
$12.5B
Q1 24
$65.1B
$12.9B
Debt / Equity
CNA
CNA
ESS
ESS
Q4 25
0.26×
Q3 25
1.15×
Q2 25
1.14×
Q1 25
1.22×
Q4 24
0.28×
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
CNA
CNA
ESS
ESS
Operating Cash FlowLast quarter
$570.0M
$1.1B
Free Cash FlowOCF − Capex
$542.0M
FCF MarginFCF / Revenue
139.3%
Capex IntensityCapex / Revenue
7.2%
Cash ConversionOCF / Net Profit
1.89×
12.53×
TTM Free Cash FlowTrailing 4 quarters
$2.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNA
CNA
ESS
ESS
Q4 25
$570.0M
$1.1B
Q3 25
$720.0M
$342.6M
Q2 25
$562.0M
$216.1M
Q1 25
$638.0M
$281.5M
Q4 24
$703.0M
$1.1B
Q3 24
$748.0M
$316.2M
Q2 24
$616.0M
$218.9M
Q1 24
$504.0M
$314.9M
Free Cash Flow
CNA
CNA
ESS
ESS
Q4 25
$542.0M
Q3 25
$704.0M
Q2 25
$538.0M
Q1 25
$620.0M
Q4 24
$665.0M
Q3 24
$730.0M
Q2 24
$597.0M
Q1 24
$484.0M
FCF Margin
CNA
CNA
ESS
ESS
Q4 25
139.3%
Q3 25
179.1%
Q2 25
135.2%
Q1 25
156.2%
Q4 24
167.5%
Q3 24
182.0%
Q2 24
147.8%
Q1 24
118.9%
Capex Intensity
CNA
CNA
ESS
ESS
Q4 25
7.2%
Q3 25
4.1%
Q2 25
6.0%
Q1 25
4.5%
Q4 24
9.6%
Q3 24
4.5%
Q2 24
4.7%
Q1 24
4.9%
Cash Conversion
CNA
CNA
ESS
ESS
Q4 25
1.89×
12.53×
Q3 25
1.79×
1.98×
Q2 25
1.88×
0.93×
Q1 25
2.33×
1.32×
Q4 24
33.48×
3.54×
Q3 24
2.64×
2.52×
Q2 24
1.94×
2.21×
Q1 24
1.49×
1.10×

Financial Flow Comparison

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

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