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Side-by-side financial comparison of Essex Property Trust (ESS) and FIRST INTERSTATE BANCSYSTEM INC (FIBK). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $313.0M, roughly 1.5× FIRST INTERSTATE BANCSYSTEM INC). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs 17.9%, a 16.9% gap on every dollar of revenue. On growth, FIRST INTERSTATE BANCSYSTEM INC posted the faster year-over-year revenue change (19.8% vs 5.5%). Over the past eight quarters, FIRST INTERSTATE BANCSYSTEM INC's revenue compounded faster (13.7% 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 Interstate BancSystem, Inc. is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank with locations throughout 14 states within the Western and Midwestern United States. It is the largest bank based in Montana, as measured by total assets.
ESS vs FIBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $313.0M |
| Net Profit | $85.7M | $108.8M |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | 44.5% |
| Net Margin | 17.9% | 34.8% |
| Revenue YoY | 5.5% | 19.8% |
| Net Profit YoY | -71.6% | 108.8% |
| EPS (diluted) | $1.24 | $1.07 |
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 | $313.0M | ||
| Q3 25 | $473.3M | $250.5M | ||
| Q2 25 | $469.8M | $248.3M | ||
| Q1 25 | $464.6M | $247.0M | ||
| Q4 24 | $454.5M | $261.3M | ||
| Q3 24 | $450.7M | $251.9M | ||
| Q2 24 | $442.4M | $244.3M | ||
| Q1 24 | $426.9M | $242.2M |
| Q4 25 | $85.7M | $108.8M | ||
| Q3 25 | $172.7M | $71.4M | ||
| Q2 25 | $231.5M | $71.7M | ||
| Q1 25 | $212.8M | $50.2M | ||
| Q4 24 | $301.7M | $52.1M | ||
| Q3 24 | $125.5M | $55.5M | ||
| Q2 24 | $99.0M | $60.0M | ||
| Q1 24 | $285.1M | $58.4M |
| 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% | 44.5% | ||
| Q3 25 | 44.5% | 37.0% | ||
| Q2 25 | 59.5% | 37.7% | ||
| Q1 25 | 55.3% | 26.9% | ||
| Q4 24 | 67.0% | 25.5% | ||
| Q3 24 | 28.6% | 28.9% | ||
| Q2 24 | 31.1% | 32.1% | ||
| Q1 24 | 31.0% | 31.7% |
| Q4 25 | 17.9% | 34.8% | ||
| Q3 25 | 36.5% | 28.5% | ||
| Q2 25 | 49.3% | 28.9% | ||
| Q1 25 | 45.8% | 20.3% | ||
| Q4 24 | 66.4% | 19.9% | ||
| Q3 24 | 27.8% | 22.0% | ||
| Q2 24 | 22.4% | 24.6% | ||
| Q1 24 | 66.8% | 24.1% |
| Q4 25 | $1.24 | $1.07 | ||
| Q3 25 | $2.56 | $0.69 | ||
| Q2 25 | $3.44 | $0.69 | ||
| Q1 25 | $3.16 | $0.49 | ||
| Q4 24 | $4.00 | $0.50 | ||
| Q3 24 | $1.84 | $0.54 | ||
| Q2 24 | $1.45 | $0.58 | ||
| Q1 24 | $4.25 | $0.57 |
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 | — | $146.3M |
| Stockholders' EquityBook value | $5.5B | $3.4B |
| Total Assets | $13.2B | $26.6B |
| Debt / EquityLower = less leverage | — | 0.04× |
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 | — | $146.3M | ||
| Q3 25 | $6.4B | $146.2M | ||
| Q2 25 | $6.4B | $252.0M | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | — | $132.2M | ||
| Q3 24 | $6.4B | $137.3M | ||
| Q2 24 | $6.2B | $383.4M | ||
| Q1 24 | $6.6B | $370.8M |
| Q4 25 | $5.5B | $3.4B | ||
| Q3 25 | $5.6B | $3.4B | ||
| Q2 25 | $5.6B | $3.4B | ||
| Q1 25 | $5.6B | $3.4B | ||
| Q4 24 | $5.5B | $3.3B | ||
| Q3 24 | $5.4B | $3.4B | ||
| Q2 24 | $5.5B | $3.2B | ||
| Q1 24 | $5.5B | $3.2B |
| Q4 25 | $13.2B | $26.6B | ||
| Q3 25 | $13.2B | $27.3B | ||
| Q2 25 | $13.2B | $27.6B | ||
| Q1 25 | $13.2B | $28.3B | ||
| Q4 24 | $12.9B | $29.1B | ||
| Q3 24 | $12.6B | $29.6B | ||
| Q2 24 | $12.5B | $30.3B | ||
| Q1 24 | $12.9B | $30.1B |
| Q4 25 | — | 0.04× | ||
| Q3 25 | 1.15× | 0.04× | ||
| Q2 25 | 1.14× | 0.07× | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | 1.18× | 0.04× | ||
| Q2 24 | 1.13× | 0.12× | ||
| Q1 24 | 1.19× | 0.12× |
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 | $305.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 12.53× | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $305.6M | ||
| Q3 25 | $342.6M | $91.7M | ||
| Q2 25 | $216.1M | $68.1M | ||
| Q1 25 | $281.5M | $78.5M | ||
| Q4 24 | $1.1B | $355.0M | ||
| Q3 24 | $316.2M | $89.9M | ||
| Q2 24 | $218.9M | $82.3M | ||
| Q1 24 | $314.9M | $87.6M |
| Q4 25 | 12.53× | 2.81× | ||
| Q3 25 | 1.98× | 1.28× | ||
| Q2 25 | 0.93× | 0.95× | ||
| Q1 25 | 1.32× | 1.56× | ||
| Q4 24 | 3.54× | 6.81× | ||
| Q3 24 | 2.52× | 1.62× | ||
| Q2 24 | 2.21× | 1.37× | ||
| Q1 24 | 1.10× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
