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Side-by-side financial comparison of Essex Property Trust (ESS) and FIRST HORIZON CORP (FHN). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $479.6M, roughly 1.9× Essex Property Trust). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 17.9%, a 11.5% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 5.5%). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% 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.
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
ESS vs FHN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $888.0M |
| Net Profit | $85.7M | $261.0M |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | 38.5% |
| Net Margin | 17.9% | 29.4% |
| Revenue YoY | 5.5% | 21.8% |
| Net Profit YoY | -71.6% | 57.2% |
| EPS (diluted) | $1.24 | $0.51 |
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 | $888.0M | ||
| Q3 25 | $473.3M | $889.0M | ||
| Q2 25 | $469.8M | $830.0M | ||
| Q1 25 | $464.6M | $812.0M | ||
| Q4 24 | $454.5M | $729.0M | ||
| Q3 24 | $450.7M | $827.0M | ||
| Q2 24 | $442.4M | — | ||
| Q1 24 | $426.9M | $819.0M |
| Q4 25 | $85.7M | $261.0M | ||
| Q3 25 | $172.7M | $262.0M | ||
| Q2 25 | $231.5M | $241.0M | ||
| Q1 25 | $212.8M | $218.0M | ||
| Q4 24 | $301.7M | $166.0M | ||
| Q3 24 | $125.5M | $218.0M | ||
| Q2 24 | $99.0M | — | ||
| Q1 24 | $285.1M | $192.0M |
| 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% | — |
| Q4 25 | 31.7% | 38.5% | ||
| Q3 25 | 44.5% | 38.7% | ||
| Q2 25 | 59.5% | 37.2% | ||
| Q1 25 | 55.3% | 35.1% | ||
| Q4 24 | 67.0% | 28.8% | ||
| Q3 24 | 28.6% | 34.0% | ||
| Q2 24 | 31.1% | — | ||
| Q1 24 | 31.0% | 31.0% |
| Q4 25 | 17.9% | 29.4% | ||
| Q3 25 | 36.5% | 29.5% | ||
| Q2 25 | 49.3% | 29.0% | ||
| Q1 25 | 45.8% | 26.8% | ||
| Q4 24 | 66.4% | 22.8% | ||
| Q3 24 | 27.8% | 26.4% | ||
| Q2 24 | 22.4% | — | ||
| Q1 24 | 66.8% | 23.4% |
| Q4 25 | $1.24 | $0.51 | ||
| Q3 25 | $2.56 | $0.50 | ||
| Q2 25 | $3.44 | $0.45 | ||
| Q1 25 | $3.16 | $0.41 | ||
| Q4 24 | $4.00 | $0.29 | ||
| Q3 24 | $1.84 | $0.40 | ||
| Q2 24 | $1.45 | — | ||
| Q1 24 | $4.25 | $0.33 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $8.8B |
| Total Assets | $13.2B | $83.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | — | ||
| Q3 25 | $66.0M | — | ||
| Q2 25 | $58.7M | — | ||
| Q1 25 | $98.7M | — | ||
| Q4 24 | $66.8M | — | ||
| Q3 24 | $71.3M | — | ||
| Q2 24 | $55.2M | — | ||
| Q1 24 | $499.0M | — |
| 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 | $8.8B | ||
| Q3 25 | $5.6B | $8.9B | ||
| Q2 25 | $5.6B | $9.0B | ||
| Q1 25 | $5.6B | $8.7B | ||
| Q4 24 | $5.5B | $8.8B | ||
| Q3 24 | $5.4B | $9.0B | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $5.5B | $8.9B |
| Q4 25 | $13.2B | $83.9B | ||
| Q3 25 | $13.2B | $83.2B | ||
| Q2 25 | $13.2B | $82.1B | ||
| Q1 25 | $13.2B | $81.5B | ||
| Q4 24 | $12.9B | $82.2B | ||
| Q3 24 | $12.6B | $82.6B | ||
| Q2 24 | $12.5B | — | ||
| Q1 24 | $12.9B | $81.8B |
| 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 | $396.0M |
| Free Cash FlowOCF − Capex | — | $389.0M |
| FCF MarginFCF / Revenue | — | 43.8% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | 12.53× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $595.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $396.0M | ||
| Q3 25 | $342.6M | $-200.0M | ||
| Q2 25 | $216.1M | $83.0M | ||
| Q1 25 | $281.5M | $349.0M | ||
| Q4 24 | $1.1B | $191.0M | ||
| Q3 24 | $316.2M | $389.0M | ||
| Q2 24 | $218.9M | — | ||
| Q1 24 | $314.9M | $838.0M |
| Q4 25 | — | $389.0M | ||
| Q3 25 | — | $-208.0M | ||
| Q2 25 | — | $74.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $174.0M | ||
| Q3 24 | — | $383.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $828.0M |
| Q4 25 | — | 43.8% | ||
| Q3 25 | — | -23.4% | ||
| Q2 25 | — | 8.9% | ||
| Q1 25 | — | 41.9% | ||
| Q4 24 | — | 23.9% | ||
| Q3 24 | — | 46.3% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 101.1% |
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.2% |
| Q4 25 | 12.53× | 1.52× | ||
| Q3 25 | 1.98× | -0.76× | ||
| Q2 25 | 0.93× | 0.34× | ||
| Q1 25 | 1.32× | 1.60× | ||
| Q4 24 | 3.54× | 1.15× | ||
| Q3 24 | 2.52× | 1.78× | ||
| Q2 24 | 2.21× | — | ||
| Q1 24 | 1.10× | 4.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
