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Side-by-side financial comparison of Essex Property Trust (ESS) and Hilltop Holdings Inc. (HTH). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $300.5M, roughly 1.6× Hilltop Holdings Inc.). Essex Property Trust runs the higher net margin — 17.9% vs 13.0%, a 4.9% gap on every dollar of revenue. Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs 0.6%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
ESS vs HTH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $300.5M |
| Net Profit | $85.7M | $39.0M |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | — |
| Net Margin | 17.9% | 13.0% |
| Revenue YoY | 5.5% | — |
| Net Profit YoY | -71.6% | -12.4% |
| EPS (diluted) | $1.24 | $0.64 |
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.
| Q1 26 | — | $300.5M | ||
| Q4 25 | $479.6M | $329.9M | ||
| Q3 25 | $473.3M | $330.2M | ||
| Q2 25 | $469.8M | $303.3M | ||
| Q1 25 | $464.6M | $318.5M | ||
| Q4 24 | $454.5M | $301.1M | ||
| Q3 24 | $450.7M | $305.5M | ||
| Q2 24 | $442.4M | $297.0M |
| Q1 26 | — | $39.0M | ||
| Q4 25 | $85.7M | $41.6M | ||
| Q3 25 | $172.7M | $45.8M | ||
| Q2 25 | $231.5M | $36.1M | ||
| Q1 25 | $212.8M | $42.1M | ||
| Q4 24 | $301.7M | $35.5M | ||
| Q3 24 | $125.5M | $29.7M | ||
| Q2 24 | $99.0M | $20.3M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 31.7% | 16.1% | ||
| Q3 25 | 44.5% | 18.4% | ||
| Q2 25 | 59.5% | 16.3% | ||
| Q1 25 | 55.3% | 18.1% | ||
| Q4 24 | 67.0% | 14.7% | ||
| Q3 24 | 28.6% | 13.9% | ||
| Q2 24 | 31.1% | 10.0% |
| Q1 26 | — | 13.0% | ||
| Q4 25 | 17.9% | 12.6% | ||
| Q3 25 | 36.5% | 13.9% | ||
| Q2 25 | 49.3% | 11.9% | ||
| Q1 25 | 45.8% | 13.2% | ||
| Q4 24 | 66.4% | 11.8% | ||
| Q3 24 | 27.8% | 9.7% | ||
| Q2 24 | 22.4% | 6.8% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | $1.24 | $0.68 | ||
| Q3 25 | $2.56 | $0.74 | ||
| Q2 25 | $3.44 | $0.57 | ||
| Q1 25 | $3.16 | $0.65 | ||
| Q4 24 | $4.00 | $0.55 | ||
| Q3 24 | $1.84 | $0.46 | ||
| Q2 24 | $1.45 | $0.31 |
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 | — | $990.8M |
| Stockholders' EquityBook value | $5.5B | $2.2B |
| Total Assets | $13.2B | $15.7B |
| Debt / EquityLower = less leverage | — | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | — | $990.8M | ||
| 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 26 | — | $2.2B | ||
| Q4 25 | $5.5B | $2.2B | ||
| Q3 25 | $5.6B | $2.2B | ||
| Q2 25 | $5.6B | $2.2B | ||
| Q1 25 | $5.6B | $2.2B | ||
| Q4 24 | $5.5B | $2.2B | ||
| Q3 24 | $5.4B | $2.2B | ||
| Q2 24 | $5.5B | $2.1B |
| Q1 26 | — | $15.7B | ||
| Q4 25 | $13.2B | $15.8B | ||
| Q3 25 | $13.2B | $15.6B | ||
| Q2 25 | $13.2B | $15.4B | ||
| Q1 25 | $13.2B | $15.8B | ||
| Q4 24 | $12.9B | $16.3B | ||
| Q3 24 | $12.6B | $15.9B | ||
| Q2 24 | $12.5B | $15.6B |
| Q1 26 | — | 0.46× | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 1.13× | — |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 12.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $-38.7M | ||
| Q3 25 | $342.6M | $273.0M | ||
| Q2 25 | $216.1M | $-234.6M | ||
| Q1 25 | $281.5M | $5.8M | ||
| Q4 24 | $1.1B | $273.9M | ||
| Q3 24 | $316.2M | $515.6M | ||
| Q2 24 | $218.9M | $-435.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-55.5M | ||
| Q3 25 | — | $271.0M | ||
| Q2 25 | — | $-234.6M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | — | $266.8M | ||
| Q3 24 | — | $513.8M | ||
| Q2 24 | — | $-437.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | -16.8% | ||
| Q3 25 | — | 82.1% | ||
| Q2 25 | — | -77.4% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 88.6% | ||
| Q3 24 | — | 168.2% | ||
| Q2 24 | — | -147.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 12.53× | -0.93× | ||
| Q3 25 | 1.98× | 5.96× | ||
| Q2 25 | 0.93× | -6.50× | ||
| Q1 25 | 1.32× | 0.14× | ||
| Q4 24 | 3.54× | 7.71× | ||
| Q3 24 | 2.52× | 17.36× | ||
| Q2 24 | 2.21× | -21.41× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
