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Side-by-side financial comparison of Excelerate Energy, Inc. (EE) 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 $317.6M, roughly 1.5× Excelerate Energy, Inc.). On growth, Excelerate Energy, Inc. posted the faster year-over-year revenue change (15.7% vs 5.5%). Over the past eight quarters, Excelerate Energy, Inc.'s revenue compounded faster (26.0% CAGR vs 6.0%).

Excelerate Energy, Inc. is a global leading provider of flexible liquefied natural gas (LNG) solutions, offering floating storage and regasification units, LNG delivery services and integrated infrastructure projects. It serves utility and industrial clients across Europe, Asia, Latin America and the Middle East, supporting markets to achieve accessible low-carbon energy transitions.

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

EE vs ESS — Head-to-Head

Bigger by revenue
ESS
ESS
1.5× larger
ESS
$479.6M
$317.6M
EE
Growing faster (revenue YoY)
EE
EE
+10.1% gap
EE
15.7%
5.5%
ESS
Faster 2-yr revenue CAGR
EE
EE
Annualised
EE
26.0%
6.0%
ESS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EE
EE
ESS
ESS
Revenue
$317.6M
$479.6M
Net Profit
$85.7M
Gross Margin
70.0%
Operating Margin
22.2%
31.7%
Net Margin
17.9%
Revenue YoY
15.7%
5.5%
Net Profit YoY
-71.6%
EPS (diluted)
$0.24
$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
EE
EE
ESS
ESS
Q4 25
$317.6M
$479.6M
Q3 25
$391.0M
$473.3M
Q2 25
$204.6M
$469.8M
Q1 25
$315.1M
$464.6M
Q4 24
$274.6M
$454.5M
Q3 24
$193.4M
$450.7M
Q2 24
$183.3M
$442.4M
Q1 24
$200.1M
$426.9M
Net Profit
EE
EE
ESS
ESS
Q4 25
$85.7M
Q3 25
$172.7M
Q2 25
$231.5M
Q1 25
$212.8M
Q4 24
$301.7M
Q3 24
$125.5M
Q2 24
$99.0M
Q1 24
$285.1M
Gross Margin
EE
EE
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
EE
EE
ESS
ESS
Q4 25
22.2%
31.7%
Q3 25
22.3%
44.5%
Q2 25
21.2%
59.5%
Q1 25
20.9%
55.3%
Q4 24
21.9%
67.0%
Q3 24
30.9%
28.6%
Q2 24
27.2%
31.1%
Q1 24
22.6%
31.0%
Net Margin
EE
EE
ESS
ESS
Q4 25
17.9%
Q3 25
36.5%
Q2 25
49.3%
Q1 25
45.8%
Q4 24
66.4%
Q3 24
27.8%
Q2 24
22.4%
Q1 24
66.8%
EPS (diluted)
EE
EE
ESS
ESS
Q4 25
$0.24
$1.24
Q3 25
$0.43
$2.56
Q2 25
$0.15
$3.44
Q1 25
$0.46
$3.16
Q4 24
$0.42
$4.00
Q3 24
$0.35
$1.84
Q2 24
$0.26
$1.45
Q1 24
$0.24
$4.25

Balance Sheet & Financial Strength

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

Metric
EE
EE
ESS
ESS
Cash + ST InvestmentsLiquidity on hand
$538.2M
$76.2M
Total DebtLower is stronger
$936.3M
Stockholders' EquityBook value
$2.2B
$5.5B
Total Assets
$4.1B
$13.2B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EE
EE
ESS
ESS
Q4 25
$538.2M
$76.2M
Q3 25
$462.6M
$66.0M
Q2 25
$426.0M
$58.7M
Q1 25
$619.5M
$98.7M
Q4 24
$537.5M
$66.8M
Q3 24
$608.4M
$71.3M
Q2 24
$609.1M
$55.2M
Q1 24
$578.9M
$499.0M
Total Debt
EE
EE
ESS
ESS
Q4 25
$936.3M
Q3 25
$942.0M
$6.4B
Q2 25
$946.2M
$6.4B
Q1 25
$322.6M
$6.8B
Q4 24
$333.6M
Q3 24
$345.7M
$6.4B
Q2 24
$356.4M
$6.2B
Q1 24
$366.9M
$6.6B
Stockholders' Equity
EE
EE
ESS
ESS
Q4 25
$2.2B
$5.5B
Q3 25
$2.2B
$5.6B
Q2 25
$2.1B
$5.6B
Q1 25
$1.9B
$5.6B
Q4 24
$1.9B
$5.5B
Q3 24
$1.9B
$5.4B
Q2 24
$1.8B
$5.5B
Q1 24
$1.8B
$5.5B
Total Assets
EE
EE
ESS
ESS
Q4 25
$4.1B
$13.2B
Q3 25
$4.1B
$13.2B
Q2 25
$4.0B
$13.2B
Q1 25
$2.9B
$13.2B
Q4 24
$2.9B
$12.9B
Q3 24
$2.9B
$12.6B
Q2 24
$2.9B
$12.5B
Q1 24
$2.9B
$12.9B
Debt / Equity
EE
EE
ESS
ESS
Q4 25
0.42×
Q3 25
0.43×
1.15×
Q2 25
0.44×
1.14×
Q1 25
0.17×
1.22×
Q4 24
0.18×
Q3 24
0.18×
1.18×
Q2 24
0.19×
1.13×
Q1 24
0.20×
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
EE
EE
ESS
ESS
Operating Cash FlowLast quarter
$104.4M
$1.1B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
12.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EE
EE
ESS
ESS
Q4 25
$104.4M
$1.1B
Q3 25
$114.9M
$342.6M
Q2 25
$87.1M
$216.1M
Q1 25
$154.8M
$281.5M
Q4 24
$49.6M
$1.1B
Q3 24
$39.8M
$316.2M
Q2 24
$90.4M
$218.9M
Q1 24
$64.7M
$314.9M
Cash Conversion
EE
EE
ESS
ESS
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

EE
EE

Other$179.4M57%
Revenue From Leases$138.1M43%

ESS
ESS

Segment breakdown not available.

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