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Side-by-side financial comparison of Embecta Corp. (EMBC) 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 $261.2M, roughly 1.8× Embecta Corp.). Essex Property Trust runs the higher net margin — 17.9% vs 16.9%, a 1.0% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -0.3%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -4.6%).

Embecta Corp. is a global medical technology company focused on diabetes care solutions. It designs, manufactures and distributes a full portfolio of products including insulin pen needles, syringes, infusion set components and related delivery devices, serving patients, healthcare providers and biopharmaceutical partners across North America, Europe, Asia Pacific and other major markets.

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

EMBC vs ESS — Head-to-Head

Bigger by revenue
ESS
ESS
1.8× larger
ESS
$479.6M
$261.2M
EMBC
Growing faster (revenue YoY)
ESS
ESS
+5.8% gap
ESS
5.5%
-0.3%
EMBC
Higher net margin
ESS
ESS
1.0% more per $
ESS
17.9%
16.9%
EMBC
Faster 2-yr revenue CAGR
ESS
ESS
Annualised
ESS
6.0%
-4.6%
EMBC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
EMBC
EMBC
ESS
ESS
Revenue
$261.2M
$479.6M
Net Profit
$44.1M
$85.7M
Gross Margin
61.9%
70.0%
Operating Margin
31.9%
31.7%
Net Margin
16.9%
17.9%
Revenue YoY
-0.3%
5.5%
Net Profit YoY
-71.6%
EPS (diluted)
$0.74
$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
EMBC
EMBC
ESS
ESS
Q4 25
$261.2M
$479.6M
Q3 25
$264.0M
$473.3M
Q2 25
$295.5M
$469.8M
Q1 25
$259.0M
$464.6M
Q4 24
$261.9M
$454.5M
Q3 24
$286.1M
$450.7M
Q2 24
$272.5M
$442.4M
Q1 24
$287.2M
$426.9M
Net Profit
EMBC
EMBC
ESS
ESS
Q4 25
$44.1M
$85.7M
Q3 25
$26.4M
$172.7M
Q2 25
$45.5M
$231.5M
Q1 25
$23.5M
$212.8M
Q4 24
$0
$301.7M
Q3 24
$14.6M
$125.5M
Q2 24
$14.7M
$99.0M
Q1 24
$28.9M
$285.1M
Gross Margin
EMBC
EMBC
ESS
ESS
Q4 25
61.9%
70.0%
Q3 25
60.0%
69.2%
Q2 25
66.7%
70.7%
Q1 25
63.4%
69.6%
Q4 24
60.0%
70.0%
Q3 24
60.7%
69.5%
Q2 24
69.8%
70.8%
Q1 24
64.6%
69.7%
Operating Margin
EMBC
EMBC
ESS
ESS
Q4 25
31.9%
31.7%
Q3 25
21.4%
44.5%
Q2 25
31.8%
59.5%
Q1 25
24.3%
55.3%
Q4 24
11.0%
67.0%
Q3 24
9.2%
28.6%
Q2 24
20.5%
31.1%
Q1 24
13.6%
31.0%
Net Margin
EMBC
EMBC
ESS
ESS
Q4 25
16.9%
17.9%
Q3 25
10.0%
36.5%
Q2 25
15.4%
49.3%
Q1 25
9.1%
45.8%
Q4 24
66.4%
Q3 24
5.1%
27.8%
Q2 24
5.4%
22.4%
Q1 24
10.1%
66.8%
EPS (diluted)
EMBC
EMBC
ESS
ESS
Q4 25
$0.74
$1.24
Q3 25
$0.44
$2.56
Q2 25
$0.78
$3.44
Q1 25
$0.40
$3.16
Q4 24
$0.00
$4.00
Q3 24
$0.24
$1.84
Q2 24
$0.25
$1.45
Q1 24
$0.50
$4.25

Balance Sheet & Financial Strength

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

Metric
EMBC
EMBC
ESS
ESS
Cash + ST InvestmentsLiquidity on hand
$201.3M
$76.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-613.1M
$5.5B
Total Assets
$1.1B
$13.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EMBC
EMBC
ESS
ESS
Q4 25
$201.3M
$76.2M
Q3 25
$225.5M
$66.0M
Q2 25
$230.6M
$58.7M
Q1 25
$209.3M
$98.7M
Q4 24
$210.0M
$66.8M
Q3 24
$267.5M
$71.3M
Q2 24
$275.1M
$55.2M
Q1 24
$299.8M
$499.0M
Total Debt
EMBC
EMBC
ESS
ESS
Q4 25
Q3 25
$1.4B
$6.4B
Q2 25
$6.4B
Q1 25
$6.8B
Q4 24
Q3 24
$1.6B
$6.4B
Q2 24
$6.2B
Q1 24
$6.6B
Stockholders' Equity
EMBC
EMBC
ESS
ESS
Q4 25
$-613.1M
$5.5B
Q3 25
$-650.6M
$5.6B
Q2 25
$-669.6M
$5.6B
Q1 25
$-736.2M
$5.6B
Q4 24
$-768.8M
$5.5B
Q3 24
$-738.3M
$5.4B
Q2 24
$-763.7M
$5.5B
Q1 24
$-769.6M
$5.5B
Total Assets
EMBC
EMBC
ESS
ESS
Q4 25
$1.1B
$13.2B
Q3 25
$1.1B
$13.2B
Q2 25
$1.2B
$13.2B
Q1 25
$1.1B
$13.2B
Q4 24
$1.1B
$12.9B
Q3 24
$1.3B
$12.6B
Q2 24
$1.3B
$12.5B
Q1 24
$1.2B
$12.9B
Debt / Equity
EMBC
EMBC
ESS
ESS
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
EMBC
EMBC
ESS
ESS
Operating Cash FlowLast quarter
$17.2M
$1.1B
Free Cash FlowOCF − Capex
$16.6M
FCF MarginFCF / Revenue
6.4%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
0.39×
12.53×
TTM Free Cash FlowTrailing 4 quarters
$205.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EMBC
EMBC
ESS
ESS
Q4 25
$17.2M
$1.1B
Q3 25
$84.0M
$342.6M
Q2 25
$81.2M
$216.1M
Q1 25
$31.8M
$281.5M
Q4 24
$-5.3M
$1.1B
Q3 24
$26.6M
$316.2M
Q2 24
$-2.1M
$218.9M
Q1 24
$24.3M
$314.9M
Free Cash Flow
EMBC
EMBC
ESS
ESS
Q4 25
$16.6M
Q3 25
$76.7M
Q2 25
$80.8M
Q1 25
$31.7M
Q4 24
$-6.8M
Q3 24
Q2 24
$-11.8M
Q1 24
$20.9M
FCF Margin
EMBC
EMBC
ESS
ESS
Q4 25
6.4%
Q3 25
29.1%
Q2 25
27.3%
Q1 25
12.2%
Q4 24
-2.6%
Q3 24
Q2 24
-4.3%
Q1 24
7.3%
Capex Intensity
EMBC
EMBC
ESS
ESS
Q4 25
0.2%
Q3 25
2.8%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.6%
Q3 24
0.0%
Q2 24
3.6%
Q1 24
1.2%
Cash Conversion
EMBC
EMBC
ESS
ESS
Q4 25
0.39×
12.53×
Q3 25
3.18×
1.98×
Q2 25
1.78×
0.93×
Q1 25
1.35×
1.32×
Q4 24
3.54×
Q3 24
1.82×
2.52×
Q2 24
-0.14×
2.21×
Q1 24
0.84×
1.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EMBC
EMBC

Pen Needles$185.5M71%
Safety$37.3M14%
Syringes$30.7M12%
Manufacturing Facility$4.1M2%

ESS
ESS

Segment breakdown not available.

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