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Side-by-side financial comparison of Essex Property Trust (ESS) and HUTCHMED (China) Ltd (HCM). Click either name above to swap in a different company.

Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $270.8M, roughly 1.8× HUTCHMED (China) Ltd). Essex Property Trust runs the higher net margin — 17.9% vs 0.7%, a 17.2% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -16.5%).

Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.

HUTCHMED (China) Ltd is a biopharmaceutical firm focused on discovering, developing and commercializing targeted and immunotherapies for oncology and immunological diseases. It operates across China and global markets, with multiple marketed oncology drugs and a robust pipeline of late-stage clinical candidates addressing unmet patient needs.

ESS vs HCM — Head-to-Head

Bigger by revenue
ESS
ESS
1.8× larger
ESS
$479.6M
$270.8M
HCM
Growing faster (revenue YoY)
ESS
ESS
+22.1% gap
ESS
5.5%
-16.5%
HCM
Higher net margin
ESS
ESS
17.2% more per $
ESS
17.9%
0.7%
HCM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESS
ESS
HCM
HCM
Revenue
$479.6M
$270.8M
Net Profit
$85.7M
$2.0M
Gross Margin
70.0%
37.7%
Operating Margin
31.7%
-13.2%
Net Margin
17.9%
0.7%
Revenue YoY
5.5%
-16.5%
Net Profit YoY
-71.6%
-83.6%
EPS (diluted)
$1.24
$0.00

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
HCM
HCM
Q4 25
$479.6M
$270.8M
Q3 25
$473.3M
Q2 25
$469.8M
$277.7M
Q1 25
$464.6M
$324.5M
Q4 24
$454.5M
Q3 24
$450.7M
Q2 24
$442.4M
$305.7M
Q1 24
$426.9M
Net Profit
ESS
ESS
HCM
HCM
Q4 25
$85.7M
$2.0M
Q3 25
$172.7M
Q2 25
$231.5M
$455.0M
Q1 25
$212.8M
$11.9M
Q4 24
$301.7M
Q3 24
$125.5M
Q2 24
$99.0M
$25.8M
Q1 24
$285.1M
Gross Margin
ESS
ESS
HCM
HCM
Q4 25
70.0%
37.7%
Q3 25
69.2%
Q2 25
70.7%
0.1%
Q1 25
69.6%
48.0%
Q4 24
70.0%
Q3 24
69.5%
Q2 24
70.8%
41.1%
Q1 24
69.7%
Operating Margin
ESS
ESS
HCM
HCM
Q4 25
31.7%
-13.2%
Q3 25
44.5%
Q2 25
59.5%
-1.3%
Q1 25
55.3%
-5.0%
Q4 24
67.0%
Q3 24
28.6%
Q2 24
31.1%
-9.0%
Q1 24
31.0%
Net Margin
ESS
ESS
HCM
HCM
Q4 25
17.9%
0.7%
Q3 25
36.5%
Q2 25
49.3%
163.8%
Q1 25
45.8%
3.7%
Q4 24
66.4%
Q3 24
27.8%
Q2 24
22.4%
8.4%
Q1 24
66.8%
EPS (diluted)
ESS
ESS
HCM
HCM
Q4 25
$1.24
$0.00
Q3 25
$2.56
Q2 25
$3.44
$0.52
Q1 25
$3.16
$0.01
Q4 24
$4.00
Q3 24
$1.84
Q2 24
$1.45
$0.03
Q1 24
$4.25

Balance Sheet & Financial Strength

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

Metric
ESS
ESS
HCM
HCM
Cash + ST InvestmentsLiquidity on hand
$76.2M
$1.4B
Total DebtLower is stronger
$93.2M
Stockholders' EquityBook value
$5.5B
$1.2B
Total Assets
$13.2B
$1.8B
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
HCM
HCM
Q4 25
$76.2M
$1.4B
Q3 25
$66.0M
Q2 25
$58.7M
$1.4B
Q1 25
$98.7M
$836.1M
Q4 24
$66.8M
Q3 24
$71.3M
Q2 24
$55.2M
$802.5M
Q1 24
$499.0M
Total Debt
ESS
ESS
HCM
HCM
Q4 25
$93.2M
Q3 25
$6.4B
Q2 25
$6.4B
$93.4M
Q1 25
$6.8B
$82.8M
Q4 24
Q3 24
$6.4B
Q2 24
$6.2B
$82.1M
Q1 24
$6.6B
Stockholders' Equity
ESS
ESS
HCM
HCM
Q4 25
$5.5B
$1.2B
Q3 25
$5.6B
Q2 25
$5.6B
$1.2B
Q1 25
$5.6B
$759.9M
Q4 24
$5.5B
Q3 24
$5.4B
Q2 24
$5.5B
$740.1M
Q1 24
$5.5B
Total Assets
ESS
ESS
HCM
HCM
Q4 25
$13.2B
$1.8B
Q3 25
$13.2B
Q2 25
$13.2B
$1.8B
Q1 25
$13.2B
$1.3B
Q4 24
$12.9B
Q3 24
$12.6B
Q2 24
$12.5B
$1.3B
Q1 24
$12.9B
Debt / Equity
ESS
ESS
HCM
HCM
Q4 25
0.08×
Q3 25
1.15×
Q2 25
1.14×
0.08×
Q1 25
1.22×
0.11×
Q4 24
Q3 24
1.18×
Q2 24
1.13×
0.11×
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
HCM
HCM
Operating Cash FlowLast quarter
$1.1B
$8.2M
Free Cash FlowOCF − Capex
$3.4M
FCF MarginFCF / Revenue
1.2%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
12.53×
4.21×
TTM Free Cash FlowTrailing 4 quarters
$-96.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESS
ESS
HCM
HCM
Q4 25
$1.1B
$8.2M
Q3 25
$342.6M
Q2 25
$216.1M
$-72.9M
Q1 25
$281.5M
$40.3M
Q4 24
$1.1B
Q3 24
$316.2M
Q2 24
$218.9M
$-39.8M
Q1 24
$314.9M
Free Cash Flow
ESS
ESS
HCM
HCM
Q4 25
$3.4M
Q3 25
Q2 25
$-82.2M
Q1 25
$32.5M
Q4 24
Q3 24
Q2 24
$-49.9M
Q1 24
FCF Margin
ESS
ESS
HCM
HCM
Q4 25
1.2%
Q3 25
Q2 25
-29.6%
Q1 25
10.0%
Q4 24
Q3 24
Q2 24
-16.3%
Q1 24
Capex Intensity
ESS
ESS
HCM
HCM
Q4 25
1.8%
Q3 25
Q2 25
3.3%
Q1 25
2.4%
Q4 24
Q3 24
Q2 24
3.3%
Q1 24
Cash Conversion
ESS
ESS
HCM
HCM
Q4 25
12.53×
4.21×
Q3 25
1.98×
Q2 25
0.93×
-0.16×
Q1 25
1.32×
3.38×
Q4 24
3.54×
Q3 24
2.52×
Q2 24
2.21×
-1.54×
Q1 24
1.10×

Financial Flow Comparison

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

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