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Side-by-side financial comparison of ESAB Corp (ESAB) and Essex Property Trust (ESS). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $479.6M, roughly 1.5× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs 7.5%, a 10.3% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs 5.5%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
ESAB vs ESS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $479.6M |
| Net Profit | $54.8M | $85.7M |
| Gross Margin | 37.0% | 70.0% |
| Operating Margin | 14.6% | 31.7% |
| Net Margin | 7.5% | 17.9% |
| Revenue YoY | 8.5% | 5.5% |
| Net Profit YoY | 2.1% | -71.6% |
| EPS (diluted) | $0.90 | $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 | $727.8M | $479.6M | ||
| Q3 25 | $715.6M | $473.3M | ||
| Q2 25 | $678.1M | $469.8M | ||
| Q1 25 | — | $464.6M | ||
| Q4 24 | $670.8M | $454.5M | ||
| Q3 24 | $673.3M | $450.7M | ||
| Q2 24 | $707.1M | $442.4M | ||
| Q1 24 | $689.7M | $426.9M |
| Q4 25 | $54.8M | $85.7M | ||
| Q3 25 | $66.9M | $172.7M | ||
| Q2 25 | $67.4M | $231.5M | ||
| Q1 25 | — | $212.8M | ||
| Q4 24 | $53.7M | $301.7M | ||
| Q3 24 | $68.2M | $125.5M | ||
| Q2 24 | $82.9M | $99.0M | ||
| Q1 24 | $60.0M | $285.1M |
| Q4 25 | 37.0% | 70.0% | ||
| Q3 25 | 37.2% | 69.2% | ||
| Q2 25 | 37.6% | 70.7% | ||
| Q1 25 | — | 69.6% | ||
| Q4 24 | 38.5% | 70.0% | ||
| Q3 24 | 37.7% | 69.5% | ||
| Q2 24 | 38.2% | 70.8% | ||
| Q1 24 | 37.0% | 69.7% |
| Q4 25 | 14.6% | 31.7% | ||
| Q3 25 | 15.2% | 44.5% | ||
| Q2 25 | 16.2% | 59.5% | ||
| Q1 25 | — | 55.3% | ||
| Q4 24 | 16.6% | 67.0% | ||
| Q3 24 | 15.7% | 28.6% | ||
| Q2 24 | 16.9% | 31.1% | ||
| Q1 24 | 16.0% | 31.0% |
| Q4 25 | 7.5% | 17.9% | ||
| Q3 25 | 9.3% | 36.5% | ||
| Q2 25 | 9.9% | 49.3% | ||
| Q1 25 | — | 45.8% | ||
| Q4 24 | 8.0% | 66.4% | ||
| Q3 24 | 10.1% | 27.8% | ||
| Q2 24 | 11.7% | 22.4% | ||
| Q1 24 | 8.7% | 66.8% |
| Q4 25 | $0.90 | $1.24 | ||
| Q3 25 | $1.09 | $2.56 | ||
| Q2 25 | $1.10 | $3.44 | ||
| Q1 25 | — | $3.16 | ||
| Q4 24 | $0.87 | $4.00 | ||
| Q3 24 | $1.11 | $1.84 | ||
| Q2 24 | $1.35 | $1.45 | ||
| Q1 24 | $0.98 | $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 | $218.2M | $76.2M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $2.1B | $5.5B |
| Total Assets | $4.9B | $13.2B |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $76.2M | ||
| Q3 25 | $258.2M | $66.0M | ||
| Q2 25 | $291.3M | $58.7M | ||
| Q1 25 | — | $98.7M | ||
| Q4 24 | $249.4M | $66.8M | ||
| Q3 24 | $253.7M | $71.3M | ||
| Q2 24 | $228.5M | $55.2M | ||
| Q1 24 | $76.5M | $499.0M |
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | $6.4B | ||
| Q2 25 | $1.1B | $6.4B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $6.4B | ||
| Q2 24 | $1.1B | $6.2B | ||
| Q1 24 | $992.8M | $6.6B |
| Q4 25 | $2.1B | $5.5B | ||
| Q3 25 | $2.1B | $5.6B | ||
| Q2 25 | $1.9B | $5.6B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | $1.8B | $5.5B | ||
| Q3 24 | $1.8B | $5.4B | ||
| Q2 24 | $1.7B | $5.5B | ||
| Q1 24 | $1.6B | $5.5B |
| Q4 25 | $4.9B | $13.2B | ||
| Q3 25 | $4.4B | $13.2B | ||
| Q2 25 | $4.2B | $13.2B | ||
| Q1 25 | — | $13.2B | ||
| Q4 24 | $4.0B | $12.9B | ||
| Q3 24 | $4.1B | $12.6B | ||
| Q2 24 | $4.0B | $12.5B | ||
| Q1 24 | $3.8B | $12.9B |
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.51× | 1.15× | ||
| Q2 25 | 0.55× | 1.14× | ||
| Q1 25 | — | 1.22× | ||
| Q4 24 | 0.60× | — | ||
| Q3 24 | 0.59× | 1.18× | ||
| Q2 24 | 0.63× | 1.13× | ||
| Q1 24 | 0.61× | 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 | $81.5M | $1.1B |
| Free Cash FlowOCF − Capex | $70.3M | — |
| FCF MarginFCF / Revenue | 9.7% | — |
| Capex IntensityCapex / Revenue | 1.5% | — |
| Cash ConversionOCF / Net Profit | 1.49× | 12.53× |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $1.1B | ||
| Q3 25 | $46.6M | $342.6M | ||
| Q2 25 | $35.4M | $216.1M | ||
| Q1 25 | — | $281.5M | ||
| Q4 24 | $126.9M | $1.1B | ||
| Q3 24 | $101.0M | $316.2M | ||
| Q2 24 | $83.0M | $218.9M | ||
| Q1 24 | $44.5M | $314.9M |
| Q4 25 | $70.3M | — | ||
| Q3 25 | $37.4M | — | ||
| Q2 25 | $28.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $102.2M | — | ||
| Q3 24 | $90.4M | — | ||
| Q2 24 | $74.0M | — | ||
| Q1 24 | $37.1M | — |
| Q4 25 | 9.7% | — | ||
| Q3 25 | 5.2% | — | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 15.2% | — | ||
| Q3 24 | 13.4% | — | ||
| Q2 24 | 10.5% | — | ||
| Q1 24 | 5.4% | — |
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 1.6% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 1.49× | 12.53× | ||
| Q3 25 | 0.70× | 1.98× | ||
| Q2 25 | 0.53× | 0.93× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | 2.36× | 3.54× | ||
| Q3 24 | 1.48× | 2.52× | ||
| Q2 24 | 1.00× | 2.21× | ||
| Q1 24 | 0.74× | 1.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
ESS
Segment breakdown not available.
