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Side-by-side financial comparison of Essex Property Trust (ESS) and EXTREME NETWORKS INC (EXTR). Click either name above to swap in a different company.

Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $316.9M, roughly 1.5× EXTREME NETWORKS INC). Essex Property Trust runs the higher net margin — 17.9% vs 3.3%, a 14.5% gap on every dollar of revenue. On growth, EXTREME NETWORKS INC posted the faster year-over-year revenue change (11.4% vs 5.5%). Over the past eight quarters, EXTREME NETWORKS INC's revenue compounded faster (11.1% CAGR vs 6.0%).

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

Extreme Networks, Inc. is an American networking company based in Morrisville, North Carolina. Extreme Networks designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security and access controls.

ESS vs EXTR — Head-to-Head

Bigger by revenue
ESS
ESS
1.5× larger
ESS
$479.6M
$316.9M
EXTR
Growing faster (revenue YoY)
EXTR
EXTR
+5.9% gap
EXTR
11.4%
5.5%
ESS
Higher net margin
ESS
ESS
14.5% more per $
ESS
17.9%
3.3%
EXTR
Faster 2-yr revenue CAGR
EXTR
EXTR
Annualised
EXTR
11.1%
6.0%
ESS

Income Statement — Q4 FY2025 vs Q4 FY2026

Metric
ESS
ESS
EXTR
EXTR
Revenue
$479.6M
$316.9M
Net Profit
$85.7M
$10.6M
Gross Margin
70.0%
61.7%
Operating Margin
31.7%
5.5%
Net Margin
17.9%
3.3%
Revenue YoY
5.5%
11.4%
Net Profit YoY
-71.6%
202.9%
EPS (diluted)
$1.24
$0.08

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
ESS
ESS
EXTR
EXTR
Q2 26
$316.9M
Q4 25
$479.6M
$317.9M
Q3 25
$473.3M
$310.2M
Q2 25
$469.8M
$307.0M
Q1 25
$464.6M
$284.5M
Q4 24
$454.5M
$279.4M
Q3 24
$450.7M
$269.2M
Q2 24
$442.4M
$256.7M
Net Profit
ESS
ESS
EXTR
EXTR
Q2 26
$10.6M
Q4 25
$85.7M
$7.9M
Q3 25
$172.7M
$5.6M
Q2 25
$231.5M
$-7.8M
Q1 25
$212.8M
$3.5M
Q4 24
$301.7M
$7.4M
Q3 24
$125.5M
$-10.5M
Q2 24
$99.0M
$-54.2M
Gross Margin
ESS
ESS
EXTR
EXTR
Q2 26
61.7%
Q4 25
70.0%
61.4%
Q3 25
69.2%
60.6%
Q2 25
70.7%
61.6%
Q1 25
69.6%
61.7%
Q4 24
70.0%
62.7%
Q3 24
69.5%
63.0%
Q2 24
70.8%
44.7%
Operating Margin
ESS
ESS
EXTR
EXTR
Q2 26
5.5%
Q4 25
31.7%
4.1%
Q3 25
44.5%
3.6%
Q2 25
59.5%
-0.4%
Q1 25
55.3%
3.6%
Q4 24
67.0%
4.5%
Q3 24
28.6%
-1.8%
Q2 24
31.1%
-19.1%
Net Margin
ESS
ESS
EXTR
EXTR
Q2 26
3.3%
Q4 25
17.9%
2.5%
Q3 25
36.5%
1.8%
Q2 25
49.3%
-2.5%
Q1 25
45.8%
1.2%
Q4 24
66.4%
2.6%
Q3 24
27.8%
-3.9%
Q2 24
22.4%
-21.1%
EPS (diluted)
ESS
ESS
EXTR
EXTR
Q2 26
$0.08
Q4 25
$1.24
$0.06
Q3 25
$2.56
$0.04
Q2 25
$3.44
$-0.07
Q1 25
$3.16
$0.03
Q4 24
$4.00
$0.06
Q3 24
$1.84
$-0.08
Q2 24
$1.45
$-0.40

Balance Sheet & Financial Strength

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

Metric
ESS
ESS
EXTR
EXTR
Cash + ST InvestmentsLiquidity on hand
$76.2M
$210.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.5B
Total Assets
$13.2B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
EXTR
EXTR
Q2 26
$210.1M
Q4 25
$76.2M
$219.8M
Q3 25
$66.0M
$209.0M
Q2 25
$58.7M
$231.7M
Q1 25
$98.7M
$185.5M
Q4 24
$66.8M
$170.3M
Q3 24
$71.3M
$159.5M
Q2 24
$55.2M
$156.7M
Total Debt
ESS
ESS
EXTR
EXTR
Q2 26
Q4 25
Q3 25
$6.4B
Q2 25
$6.4B
$180.0M
Q1 25
$6.8B
Q4 24
Q3 24
$6.4B
Q2 24
$6.2B
$190.0M
Stockholders' Equity
ESS
ESS
EXTR
EXTR
Q2 26
Q4 25
$5.5B
$95.9M
Q3 25
$5.6B
$68.6M
Q2 25
$5.6B
$65.6M
Q1 25
$5.6B
$71.7M
Q4 24
$5.5B
$51.2M
Q3 24
$5.4B
$32.7M
Q2 24
$5.5B
$25.3M
Total Assets
ESS
ESS
EXTR
EXTR
Q2 26
$1.2B
Q4 25
$13.2B
$1.2B
Q3 25
$13.2B
$1.2B
Q2 25
$13.2B
$1.2B
Q1 25
$13.2B
$1.1B
Q4 24
$12.9B
$1.1B
Q3 24
$12.6B
$1.1B
Q2 24
$12.5B
$1.0B
Debt / Equity
ESS
ESS
EXTR
EXTR
Q2 26
Q4 25
Q3 25
1.15×
Q2 25
1.14×
2.74×
Q1 25
1.22×
Q4 24
Q3 24
1.18×
Q2 24
1.13×
7.52×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ESS
ESS
EXTR
EXTR
Operating Cash FlowLast quarter
$1.1B
$50.3M
Free Cash FlowOCF − Capex
$7.8M
FCF MarginFCF / Revenue
2.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
12.53×
4.75×
TTM Free Cash FlowTrailing 4 quarters
$105.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESS
ESS
EXTR
EXTR
Q2 26
$50.3M
Q4 25
$1.1B
$50.1M
Q3 25
$342.6M
$-14.0M
Q2 25
$216.1M
$81.9M
Q1 25
$281.5M
$30.0M
Q4 24
$1.1B
$21.5M
Q3 24
$316.2M
$18.6M
Q2 24
$218.9M
$15.5M
Free Cash Flow
ESS
ESS
EXTR
EXTR
Q2 26
$7.8M
Q4 25
$43.0M
Q3 25
$-20.9M
Q2 25
$75.3M
Q1 25
$24.2M
Q4 24
$16.1M
Q3 24
$11.7M
Q2 24
$11.0M
FCF Margin
ESS
ESS
EXTR
EXTR
Q2 26
2.5%
Q4 25
13.5%
Q3 25
-6.7%
Q2 25
24.5%
Q1 25
8.5%
Q4 24
5.8%
Q3 24
4.3%
Q2 24
4.3%
Capex Intensity
ESS
ESS
EXTR
EXTR
Q2 26
Q4 25
2.2%
Q3 25
2.2%
Q2 25
2.2%
Q1 25
2.0%
Q4 24
1.9%
Q3 24
2.6%
Q2 24
1.7%
Cash Conversion
ESS
ESS
EXTR
EXTR
Q2 26
4.75×
Q4 25
12.53×
6.37×
Q3 25
1.98×
-2.49×
Q2 25
0.93×
Q1 25
1.32×
8.67×
Q4 24
3.54×
2.92×
Q3 24
2.52×
Q2 24
2.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESS
ESS

Segment breakdown not available.

EXTR
EXTR

Product$199.4M63%
Subscription and support$117.5M37%

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