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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) 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 $379.6M, roughly 1.3× DIVERSIFIED HEALTHCARE TRUST). Essex Property Trust runs the higher net margin — 17.9% vs -5.6%, a 23.5% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -0.0%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs 1.2%).
GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
DHC vs ESS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $379.6M | $479.6M |
| Net Profit | $-21.2M | $85.7M |
| Gross Margin | — | 70.0% |
| Operating Margin | -12.6% | 31.7% |
| Net Margin | -5.6% | 17.9% |
| Revenue YoY | -0.0% | 5.5% |
| Net Profit YoY | 75.7% | -71.6% |
| EPS (diluted) | $-0.09 | $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 | $379.6M | $479.6M | ||
| Q3 25 | $388.7M | $473.3M | ||
| Q2 25 | $382.7M | $469.8M | ||
| Q1 25 | $386.9M | $464.6M | ||
| Q4 24 | $379.6M | $454.5M | ||
| Q3 24 | $373.6M | $450.7M | ||
| Q2 24 | $371.4M | $442.4M | ||
| Q1 24 | $370.8M | $426.9M |
| Q4 25 | $-21.2M | $85.7M | ||
| Q3 25 | $-164.0M | $172.7M | ||
| Q2 25 | $-91.6M | $231.5M | ||
| Q1 25 | $-9.0M | $212.8M | ||
| Q4 24 | $-87.4M | $301.7M | ||
| Q3 24 | $-98.7M | $125.5M | ||
| Q2 24 | $-97.9M | $99.0M | ||
| Q1 24 | $-86.3M | $285.1M |
| 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% |
| Q4 25 | -12.6% | 31.7% | ||
| Q3 25 | -43.4% | 44.5% | ||
| Q2 25 | -24.5% | 59.5% | ||
| Q1 25 | -2.7% | 55.3% | ||
| Q4 24 | -26.1% | 67.0% | ||
| Q3 24 | -26.5% | 28.6% | ||
| Q2 24 | -23.0% | 31.1% | ||
| Q1 24 | -23.7% | 31.0% |
| Q4 25 | -5.6% | 17.9% | ||
| Q3 25 | -42.2% | 36.5% | ||
| Q2 25 | -23.9% | 49.3% | ||
| Q1 25 | -2.3% | 45.8% | ||
| Q4 24 | -23.0% | 66.4% | ||
| Q3 24 | -26.4% | 27.8% | ||
| Q2 24 | -26.3% | 22.4% | ||
| Q1 24 | -23.3% | 66.8% |
| Q4 25 | $-0.09 | $1.24 | ||
| Q3 25 | $-0.68 | $2.56 | ||
| Q2 25 | $-0.38 | $3.44 | ||
| Q1 25 | $-0.04 | $3.16 | ||
| Q4 24 | $-0.37 | $4.00 | ||
| Q3 24 | $-0.41 | $1.84 | ||
| Q2 24 | $-0.41 | $1.45 | ||
| Q1 24 | $-0.36 | $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 | $105.4M | $76.2M |
| Total DebtLower is stronger | $2.4B | — |
| Stockholders' EquityBook value | $1.7B | $5.5B |
| Total Assets | $4.4B | $13.2B |
| Debt / EquityLower = less leverage | 1.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.4M | $76.2M | ||
| Q3 25 | $201.4M | $66.0M | ||
| Q2 25 | $141.8M | $58.7M | ||
| Q1 25 | $302.6M | $98.7M | ||
| Q4 24 | $144.6M | $66.8M | ||
| Q3 24 | $256.5M | $71.3M | ||
| Q2 24 | $265.6M | $55.2M | ||
| Q1 24 | $207.1M | $499.0M |
| Q4 25 | $2.4B | — | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B | ||
| Q1 24 | — | $6.6B |
| Q4 25 | $1.7B | $5.5B | ||
| Q3 25 | $1.7B | $5.6B | ||
| Q2 25 | $1.9B | $5.6B | ||
| Q1 25 | $1.9B | $5.6B | ||
| Q4 24 | $2.0B | $5.5B | ||
| Q3 24 | $2.0B | $5.4B | ||
| Q2 24 | $2.1B | $5.5B | ||
| Q1 24 | $2.2B | $5.5B |
| Q4 25 | $4.4B | $13.2B | ||
| Q3 25 | $4.7B | $13.2B | ||
| Q2 25 | $4.8B | $13.2B | ||
| Q1 25 | $5.0B | $13.2B | ||
| Q4 24 | $5.1B | $12.9B | ||
| Q3 24 | $5.3B | $12.6B | ||
| Q2 24 | $5.3B | $12.5B | ||
| Q1 24 | $5.3B | $12.9B |
| Q4 25 | 1.47× | — | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | 1.56× | — | ||
| 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 | $-19.6M | $1.1B |
| Free Cash FlowOCF − Capex | $-166.4M | — |
| FCF MarginFCF / Revenue | -43.8% | — |
| Capex IntensityCapex / Revenue | 38.7% | — |
| Cash ConversionOCF / Net Profit | — | 12.53× |
| TTM Free Cash FlowTrailing 4 quarters | $-280.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-19.6M | $1.1B | ||
| Q3 25 | $-49.3M | $342.6M | ||
| Q2 25 | $53.0M | $216.1M | ||
| Q1 25 | $-3.2M | $281.5M | ||
| Q4 24 | $112.2M | $1.1B | ||
| Q3 24 | $21.1M | $316.2M | ||
| Q2 24 | $44.3M | $218.9M | ||
| Q1 24 | $28.6M | $314.9M |
| Q4 25 | $-166.4M | — | ||
| Q3 25 | $-89.8M | — | ||
| Q2 25 | $18.8M | — | ||
| Q1 25 | $-42.9M | — | ||
| Q4 24 | $-89.5M | — | ||
| Q3 24 | $-26.1M | — | ||
| Q2 24 | $3.3M | — | ||
| Q1 24 | $-18.1M | — |
| Q4 25 | -43.8% | — | ||
| Q3 25 | -23.1% | — | ||
| Q2 25 | 4.9% | — | ||
| Q1 25 | -11.1% | — | ||
| Q4 24 | -23.6% | — | ||
| Q3 24 | -7.0% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | -4.9% | — |
| Q4 25 | 38.7% | — | ||
| Q3 25 | 10.4% | — | ||
| Q2 25 | 8.9% | — | ||
| Q1 25 | 10.2% | — | ||
| Q4 24 | 53.1% | — | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 11.0% | — | ||
| Q1 24 | 12.6% | — |
| 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 | — | 2.21× | ||
| Q1 24 | — | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DHC
| Senior Housing Operating Portfolio Segment | $323.4M | 85% |
| Rental Income | $56.2M | 15% |
ESS
Segment breakdown not available.
