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Side-by-side financial comparison of Essex Property Trust (ESS) and Great Lakes Dredge & Dock CORP (GLDD). Click either name above to swap in a different company.

Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $256.5M, roughly 1.9× Great Lakes Dredge & Dock CORP). Essex Property Trust runs the higher net margin — 17.9% vs 4.9%, a 13.0% gap on every dollar of revenue. On growth, Great Lakes Dredge & Dock CORP posted the faster year-over-year revenue change (26.5% vs 5.5%). Over the past eight quarters, Great Lakes Dredge & Dock CORP's revenue compounded faster (13.6% 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.

Great Lakes Dredge and Dock Company is an American company providing construction services in dredging and land reclamation, currently the largest such provider in the United States. GLD&D operates primarily in the United States but conducts one-quarter of its business overseas. The company was based in Oak Brook, Illinois, but in October 2020 relocated its corporate headquarters to Houston, Texas.

ESS vs GLDD — Head-to-Head

Bigger by revenue
ESS
ESS
1.9× larger
ESS
$479.6M
$256.5M
GLDD
Growing faster (revenue YoY)
GLDD
GLDD
+20.9% gap
GLDD
26.5%
5.5%
ESS
Higher net margin
ESS
ESS
13.0% more per $
ESS
17.9%
4.9%
GLDD
Faster 2-yr revenue CAGR
GLDD
GLDD
Annualised
GLDD
13.6%
6.0%
ESS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESS
ESS
GLDD
GLDD
Revenue
$479.6M
$256.5M
Net Profit
$85.7M
$12.6M
Gross Margin
70.0%
20.9%
Operating Margin
31.7%
12.7%
Net Margin
17.9%
4.9%
Revenue YoY
5.5%
26.5%
Net Profit YoY
-71.6%
-35.9%
EPS (diluted)
$1.24
$0.19

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
GLDD
GLDD
Q4 25
$479.6M
$256.5M
Q3 25
$473.3M
$195.2M
Q2 25
$469.8M
$193.8M
Q1 25
$464.6M
$242.9M
Q4 24
$454.5M
$202.8M
Q3 24
$450.7M
$191.2M
Q2 24
$442.4M
$170.1M
Q1 24
$426.9M
$198.7M
Net Profit
ESS
ESS
GLDD
GLDD
Q4 25
$85.7M
$12.6M
Q3 25
$172.7M
$17.7M
Q2 25
$231.5M
$9.7M
Q1 25
$212.8M
$33.4M
Q4 24
$301.7M
$19.7M
Q3 24
$125.5M
$8.9M
Q2 24
$99.0M
$7.7M
Q1 24
$285.1M
$21.0M
Gross Margin
ESS
ESS
GLDD
GLDD
Q4 25
70.0%
20.9%
Q3 25
69.2%
22.4%
Q2 25
70.7%
18.9%
Q1 25
69.6%
28.6%
Q4 24
70.0%
24.1%
Q3 24
69.5%
19.0%
Q2 24
70.8%
17.5%
Q1 24
69.7%
22.9%
Operating Margin
ESS
ESS
GLDD
GLDD
Q4 25
31.7%
12.7%
Q3 25
44.5%
14.4%
Q2 25
59.5%
8.8%
Q1 25
55.3%
20.6%
Q4 24
67.0%
14.8%
Q3 24
28.6%
8.7%
Q2 24
31.1%
8.6%
Q1 24
31.0%
15.8%
Net Margin
ESS
ESS
GLDD
GLDD
Q4 25
17.9%
4.9%
Q3 25
36.5%
9.1%
Q2 25
49.3%
5.0%
Q1 25
45.8%
13.8%
Q4 24
66.4%
9.7%
Q3 24
27.8%
4.6%
Q2 24
22.4%
4.5%
Q1 24
66.8%
10.6%
EPS (diluted)
ESS
ESS
GLDD
GLDD
Q4 25
$1.24
$0.19
Q3 25
$2.56
$0.26
Q2 25
$3.44
$0.14
Q1 25
$3.16
$0.49
Q4 24
$4.00
$0.29
Q3 24
$1.84
$0.13
Q2 24
$1.45
$0.11
Q1 24
$4.25
$0.31

Balance Sheet & Financial Strength

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

Metric
ESS
ESS
GLDD
GLDD
Cash + ST InvestmentsLiquidity on hand
$76.2M
$13.4M
Total DebtLower is stronger
$378.2M
Stockholders' EquityBook value
$5.5B
$517.1M
Total Assets
$13.2B
$1.3B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
GLDD
GLDD
Q4 25
$76.2M
$13.4M
Q3 25
$66.0M
$12.7M
Q2 25
$58.7M
$2.9M
Q1 25
$98.7M
$11.3M
Q4 24
$66.8M
$10.2M
Q3 24
$71.3M
$12.0M
Q2 24
$55.2M
$23.1M
Q1 24
$499.0M
$22.8M
Total Debt
ESS
ESS
GLDD
GLDD
Q4 25
$378.2M
Q3 25
$6.4B
Q2 25
$6.4B
Q1 25
$6.8B
Q4 24
$448.2M
Q3 24
$6.4B
Q2 24
$6.2B
Q1 24
$6.6B
Stockholders' Equity
ESS
ESS
GLDD
GLDD
Q4 25
$5.5B
$517.1M
Q3 25
$5.6B
$502.1M
Q2 25
$5.6B
$481.9M
Q1 25
$5.6B
$479.9M
Q4 24
$5.5B
$448.9M
Q3 24
$5.4B
$425.4M
Q2 24
$5.5B
$418.0M
Q1 24
$5.5B
$409.0M
Total Assets
ESS
ESS
GLDD
GLDD
Q4 25
$13.2B
$1.3B
Q3 25
$13.2B
$1.3B
Q2 25
$13.2B
$1.2B
Q1 25
$13.2B
$1.2B
Q4 24
$12.9B
$1.3B
Q3 24
$12.6B
$1.1B
Q2 24
$12.5B
$1.1B
Q1 24
$12.9B
$1.1B
Debt / Equity
ESS
ESS
GLDD
GLDD
Q4 25
0.73×
Q3 25
1.15×
Q2 25
1.14×
Q1 25
1.22×
Q4 24
1.00×
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
GLDD
GLDD
Operating Cash FlowLast quarter
$1.1B
$79.7M
Free Cash FlowOCF − Capex
$50.3M
FCF MarginFCF / Revenue
19.6%
Capex IntensityCapex / Revenue
11.5%
Cash ConversionOCF / Net Profit
12.53×
6.31×
TTM Free Cash FlowTrailing 4 quarters
$99.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESS
ESS
GLDD
GLDD
Q4 25
$1.1B
$79.7M
Q3 25
$342.6M
$49.2M
Q2 25
$216.1M
$56.9M
Q1 25
$281.5M
$60.9M
Q4 24
$1.1B
$-13.5M
Q3 24
$316.2M
$26.8M
Q2 24
$218.9M
$18.4M
Q1 24
$314.9M
$38.4M
Free Cash Flow
ESS
ESS
GLDD
GLDD
Q4 25
$50.3M
Q3 25
$13.2M
Q2 25
$-3.7M
Q1 25
$39.6M
Q4 24
$-36.1M
Q3 24
$-11.5M
Q2 24
$-34.0M
Q1 24
$26.5M
FCF Margin
ESS
ESS
GLDD
GLDD
Q4 25
19.6%
Q3 25
6.8%
Q2 25
-1.9%
Q1 25
16.3%
Q4 24
-17.8%
Q3 24
-6.0%
Q2 24
-20.0%
Q1 24
13.4%
Capex Intensity
ESS
ESS
GLDD
GLDD
Q4 25
11.5%
Q3 25
18.4%
Q2 25
31.3%
Q1 25
8.7%
Q4 24
11.2%
Q3 24
20.0%
Q2 24
30.8%
Q1 24
6.0%
Cash Conversion
ESS
ESS
GLDD
GLDD
Q4 25
12.53×
6.31×
Q3 25
1.98×
2.77×
Q2 25
0.93×
5.87×
Q1 25
1.32×
1.82×
Q4 24
3.54×
-0.69×
Q3 24
2.52×
3.02×
Q2 24
2.21×
2.39×
Q1 24
1.10×
1.83×

Financial Flow Comparison

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

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