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Side-by-side financial comparison of Essex Property Trust (ESS) and GigaCloud Technology Inc (GCT). Click either name above to swap in a different company.

Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $332.6M, roughly 1.4× GigaCloud Technology Inc). Essex Property Trust runs the higher net margin — 17.9% vs 11.2%, a 6.7% gap on every dollar of revenue. On growth, GigaCloud Technology Inc posted the faster year-over-year revenue change (9.7% vs 5.5%). Over the past eight quarters, GigaCloud Technology Inc's revenue compounded faster (36.6% 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.

GigaCloud Technology Inc. is an American e-commerce company that helps retailers buy and sell big and bulky, non-standardized items such as furniture, appliances, and fitness equipment. They own a business-to-business online marketplace and act as a middleman by handling sales, logistics and also delivery to end customers. GigaCloud is headquartered in El Monte, California, and is listed on the Nasdaq stock exchange since August 2022.

ESS vs GCT — Head-to-Head

Bigger by revenue
ESS
ESS
1.4× larger
ESS
$479.6M
$332.6M
GCT
Growing faster (revenue YoY)
GCT
GCT
+4.1% gap
GCT
9.7%
5.5%
ESS
Higher net margin
ESS
ESS
6.7% more per $
ESS
17.9%
11.2%
GCT
Faster 2-yr revenue CAGR
GCT
GCT
Annualised
GCT
36.6%
6.0%
ESS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ESS
ESS
GCT
GCT
Revenue
$479.6M
$332.6M
Net Profit
$85.7M
$37.2M
Gross Margin
70.0%
23.2%
Operating Margin
31.7%
12.2%
Net Margin
17.9%
11.2%
Revenue YoY
5.5%
9.7%
Net Profit YoY
-71.6%
-8.6%
EPS (diluted)
$1.24
$0.99

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
GCT
GCT
Q4 25
$479.6M
Q3 25
$473.3M
$332.6M
Q2 25
$469.8M
$322.6M
Q1 25
$464.6M
$271.9M
Q4 24
$454.5M
$295.8M
Q3 24
$450.7M
$303.3M
Q2 24
$442.4M
$310.9M
Q1 24
$426.9M
$251.1M
Net Profit
ESS
ESS
GCT
GCT
Q4 25
$85.7M
Q3 25
$172.7M
$37.2M
Q2 25
$231.5M
$34.6M
Q1 25
$212.8M
$27.1M
Q4 24
$301.7M
$31.0M
Q3 24
$125.5M
$40.7M
Q2 24
$99.0M
$27.0M
Q1 24
$285.1M
$27.2M
Gross Margin
ESS
ESS
GCT
GCT
Q4 25
70.0%
Q3 25
69.2%
23.2%
Q2 25
70.7%
23.9%
Q1 25
69.6%
23.4%
Q4 24
70.0%
22.0%
Q3 24
69.5%
25.5%
Q2 24
70.8%
24.6%
Q1 24
69.7%
26.5%
Operating Margin
ESS
ESS
GCT
GCT
Q4 25
31.7%
Q3 25
44.5%
12.2%
Q2 25
59.5%
11.1%
Q1 25
55.3%
10.4%
Q4 24
67.0%
9.3%
Q3 24
28.6%
13.4%
Q2 24
31.1%
8.8%
Q1 24
31.0%
13.9%
Net Margin
ESS
ESS
GCT
GCT
Q4 25
17.9%
Q3 25
36.5%
11.2%
Q2 25
49.3%
10.7%
Q1 25
45.8%
10.0%
Q4 24
66.4%
10.5%
Q3 24
27.8%
13.4%
Q2 24
22.4%
8.7%
Q1 24
66.8%
10.8%
EPS (diluted)
ESS
ESS
GCT
GCT
Q4 25
$1.24
Q3 25
$2.56
$0.99
Q2 25
$3.44
$0.91
Q1 25
$3.16
$0.68
Q4 24
$4.00
$0.76
Q3 24
$1.84
$0.98
Q2 24
$1.45
$0.65
Q1 24
$4.25
$0.66

Balance Sheet & Financial Strength

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

Metric
ESS
ESS
GCT
GCT
Cash + ST InvestmentsLiquidity on hand
$76.2M
$365.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.5B
$457.3M
Total Assets
$13.2B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
GCT
GCT
Q4 25
$76.2M
Q3 25
$66.0M
$365.9M
Q2 25
$58.7M
$303.0M
Q1 25
$98.7M
$286.8M
Q4 24
$66.8M
$302.4M
Q3 24
$71.3M
$259.8M
Q2 24
$55.2M
$207.8M
Q1 24
$499.0M
$195.3M
Total Debt
ESS
ESS
GCT
GCT
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
Stockholders' Equity
ESS
ESS
GCT
GCT
Q4 25
$5.5B
Q3 25
$5.6B
$457.3M
Q2 25
$5.6B
$431.4M
Q1 25
$5.6B
$412.9M
Q4 24
$5.5B
$405.2M
Q3 24
$5.4B
$400.4M
Q2 24
$5.5B
$358.4M
Q1 24
$5.5B
$317.8M
Total Assets
ESS
ESS
GCT
GCT
Q4 25
$13.2B
Q3 25
$13.2B
$1.1B
Q2 25
$13.2B
$1.1B
Q1 25
$13.2B
$1.1B
Q4 24
$12.9B
$1.1B
Q3 24
$12.6B
$1.1B
Q2 24
$12.5B
$1.1B
Q1 24
$12.9B
$977.6M
Debt / Equity
ESS
ESS
GCT
GCT
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
ESS
ESS
GCT
GCT
Operating Cash FlowLast quarter
$1.1B
$78.3M
Free Cash FlowOCF − Capex
$77.1M
FCF MarginFCF / Revenue
23.2%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
12.53×
2.10×
TTM Free Cash FlowTrailing 4 quarters
$188.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESS
ESS
GCT
GCT
Q4 25
$1.1B
Q3 25
$342.6M
$78.3M
Q2 25
$216.1M
$38.6M
Q1 25
$281.5M
$9.4M
Q4 24
$1.1B
$68.4M
Q3 24
$316.2M
$55.2M
Q2 24
$218.9M
$19.1M
Q1 24
$314.9M
$15.3M
Free Cash Flow
ESS
ESS
GCT
GCT
Q4 25
Q3 25
$77.1M
Q2 25
$37.0M
Q1 25
$7.0M
Q4 24
$66.9M
Q3 24
$51.4M
Q2 24
$12.9M
Q1 24
$11.3M
FCF Margin
ESS
ESS
GCT
GCT
Q4 25
Q3 25
23.2%
Q2 25
11.5%
Q1 25
2.6%
Q4 24
22.6%
Q3 24
16.9%
Q2 24
4.2%
Q1 24
4.5%
Capex Intensity
ESS
ESS
GCT
GCT
Q4 25
Q3 25
0.4%
Q2 25
0.5%
Q1 25
0.9%
Q4 24
0.5%
Q3 24
1.3%
Q2 24
2.0%
Q1 24
1.6%
Cash Conversion
ESS
ESS
GCT
GCT
Q4 25
12.53×
Q3 25
1.98×
2.10×
Q2 25
0.93×
1.12×
Q1 25
1.32×
0.35×
Q4 24
3.54×
2.21×
Q3 24
2.52×
1.36×
Q2 24
2.21×
0.71×
Q1 24
1.10×
0.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESS
ESS

Segment breakdown not available.

GCT
GCT

Services$108.4M33%
Transferred Over Time$89.8M27%
Product Sales To B$50.1M15%
Last Mile Delivery Service$49.2M15%
Warehousing Service$14.2M4%
Ocean Transportation Service$9.0M3%
Platform Commission$4.9M1%
Drayage Service$3.2M1%

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