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Side-by-side financial comparison of Essex Property Trust (ESS) and F5, Inc. (FFIV). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($822.5M vs $479.6M, roughly 1.7× Essex Property Trust). F5, Inc. runs the higher net margin — 21.9% vs 17.9%, a 4.0% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (7.3% vs 5.5%). Over the past eight quarters, F5, Inc.'s revenue compounded faster (9.9% 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.
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
ESS vs FFIV — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $822.5M |
| Net Profit | $85.7M | $180.1M |
| Gross Margin | 70.0% | 81.5% |
| Operating Margin | 31.7% | 26.0% |
| Net Margin | 17.9% | 21.9% |
| Revenue YoY | 5.5% | 7.3% |
| Net Profit YoY | -71.6% | 8.2% |
| EPS (diluted) | $1.24 | $3.10 |
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 | $479.6M | $822.5M | ||
| Q3 25 | $473.3M | $810.1M | ||
| Q2 25 | $469.8M | $780.4M | ||
| Q1 25 | $464.6M | $731.1M | ||
| Q4 24 | $454.5M | $766.5M | ||
| Q3 24 | $450.7M | $746.7M | ||
| Q2 24 | $442.4M | $695.5M | ||
| Q1 24 | $426.9M | $681.4M |
| Q4 25 | $85.7M | $180.1M | ||
| Q3 25 | $172.7M | $190.5M | ||
| Q2 25 | $231.5M | $189.9M | ||
| Q1 25 | $212.8M | $145.5M | ||
| Q4 24 | $301.7M | $166.4M | ||
| Q3 24 | $125.5M | $165.3M | ||
| Q2 24 | $99.0M | $144.1M | ||
| Q1 24 | $285.1M | $119.0M |
| Q4 25 | 70.0% | 81.5% | ||
| Q3 25 | 69.2% | 82.2% | ||
| Q2 25 | 70.7% | 81.0% | ||
| Q1 25 | 69.6% | 80.7% | ||
| Q4 24 | 70.0% | 81.7% | ||
| Q3 24 | 69.5% | 80.8% | ||
| Q2 24 | 70.8% | 80.4% | ||
| Q1 24 | 69.7% | 79.3% |
| Q4 25 | 31.7% | 26.0% | ||
| Q3 25 | 44.5% | 25.4% | ||
| Q2 25 | 59.5% | 25.2% | ||
| Q1 25 | 55.3% | 21.7% | ||
| Q4 24 | 67.0% | 26.8% | ||
| Q3 24 | 28.6% | 25.6% | ||
| Q2 24 | 31.1% | 23.4% | ||
| Q1 24 | 31.0% | 20.5% |
| Q4 25 | 17.9% | 21.9% | ||
| Q3 25 | 36.5% | 23.5% | ||
| Q2 25 | 49.3% | 24.3% | ||
| Q1 25 | 45.8% | 19.9% | ||
| Q4 24 | 66.4% | 21.7% | ||
| Q3 24 | 27.8% | 22.1% | ||
| Q2 24 | 22.4% | 20.7% | ||
| Q1 24 | 66.8% | 17.5% |
| Q4 25 | $1.24 | $3.10 | ||
| Q3 25 | $2.56 | $3.25 | ||
| Q2 25 | $3.44 | $3.25 | ||
| Q1 25 | $3.16 | $2.48 | ||
| Q4 24 | $4.00 | $2.82 | ||
| Q3 24 | $1.84 | $2.79 | ||
| Q2 24 | $1.45 | $2.44 | ||
| Q1 24 | $4.25 | $2.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $76.2M | $1.2B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $3.5B |
| Total Assets | $13.2B | $6.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $1.2B | ||
| Q3 25 | $66.0M | $1.3B | ||
| Q2 25 | $58.7M | $1.4B | ||
| Q1 25 | $98.7M | $1.3B | ||
| Q4 24 | $66.8M | $1.2B | ||
| Q3 24 | $71.3M | $1.1B | ||
| Q2 24 | $55.2M | $935.6M | ||
| Q1 24 | $499.0M | $903.5M |
| Q4 25 | — | — | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.6B | — |
| Q4 25 | $5.5B | $3.5B | ||
| Q3 25 | $5.6B | $3.6B | ||
| Q2 25 | $5.6B | $3.5B | ||
| Q1 25 | $5.6B | $3.3B | ||
| Q4 24 | $5.5B | $3.2B | ||
| Q3 24 | $5.4B | $3.1B | ||
| Q2 24 | $5.5B | $3.0B | ||
| Q1 24 | $5.5B | $2.9B |
| Q4 25 | $13.2B | $6.3B | ||
| Q3 25 | $13.2B | $6.3B | ||
| Q2 25 | $13.2B | $6.1B | ||
| Q1 25 | $13.2B | $5.9B | ||
| Q4 24 | $12.9B | $5.9B | ||
| Q3 24 | $12.6B | $5.6B | ||
| Q2 24 | $12.5B | $5.4B | ||
| Q1 24 | $12.9B | $5.4B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.1B | $159.2M |
| Free Cash FlowOCF − Capex | — | $149.5M |
| FCF MarginFCF / Revenue | — | 18.2% |
| Capex IntensityCapex / Revenue | — | 1.2% |
| Cash ConversionOCF / Net Profit | 12.53× | 0.88× |
| TTM Free Cash FlowTrailing 4 quarters | — | $861.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $159.2M | ||
| Q3 25 | $342.6M | $208.1M | ||
| Q2 25 | $216.1M | $282.2M | ||
| Q1 25 | $281.5M | $256.6M | ||
| Q4 24 | $1.1B | $202.8M | ||
| Q3 24 | $316.2M | $246.5M | ||
| Q2 24 | $218.9M | $159.0M | ||
| Q1 24 | $314.9M | $221.6M |
| Q4 25 | — | $149.5M | ||
| Q3 25 | — | $191.9M | ||
| Q2 25 | — | $273.7M | ||
| Q1 25 | — | $246.1M | ||
| Q4 24 | — | $194.7M | ||
| Q3 24 | — | $240.4M | ||
| Q2 24 | — | $153.1M | ||
| Q1 24 | — | $212.2M |
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 23.7% | ||
| Q2 25 | — | 35.1% | ||
| Q1 25 | — | 33.7% | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | — | 32.2% | ||
| Q2 24 | — | 22.0% | ||
| Q1 24 | — | 31.1% |
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 12.53× | 0.88× | ||
| Q3 25 | 1.98× | 1.09× | ||
| Q2 25 | 0.93× | 1.49× | ||
| Q1 25 | 1.32× | 1.76× | ||
| Q4 24 | 3.54× | 1.22× | ||
| Q3 24 | 2.52× | 1.49× | ||
| Q2 24 | 2.21× | 1.10× | ||
| Q1 24 | 1.10× | 1.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
FFIV
| Services | $412.2M | 50% |
| Products | $410.3M | 50% |
