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Side-by-side financial comparison of Essex Property Trust (ESS) and Installed Building Products, Inc. (IBP). Click either name above to swap in a different company.
Installed Building Products, Inc. is the larger business by last-quarter revenue ($747.5M vs $479.6M, roughly 1.6× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs 10.2%, a 7.6% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -0.4%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs 3.9%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
Installed Building Products, Inc. is a leading US-based provider of professional installation services for building products. Core offerings include insulation, gutters, garage doors, fire protection systems and window treatments, serving residential new construction, repair & remodel, and commercial construction segments across most US regions.
ESS vs IBP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $747.5M |
| Net Profit | $85.7M | $76.6M |
| Gross Margin | 70.0% | 35.0% |
| Operating Margin | 31.7% | 14.6% |
| Net Margin | 17.9% | 10.2% |
| Revenue YoY | 5.5% | -0.4% |
| Net Profit YoY | -71.6% | 14.5% |
| EPS (diluted) | $1.24 | $2.81 |
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 | $747.5M | ||
| Q3 25 | $473.3M | $778.2M | ||
| Q2 25 | $469.8M | $760.3M | ||
| Q1 25 | $464.6M | $684.8M | ||
| Q4 24 | $454.5M | $750.2M | ||
| Q3 24 | $450.7M | $760.6M | ||
| Q2 24 | $442.4M | $737.6M | ||
| Q1 24 | $426.9M | $692.9M |
| Q4 25 | $85.7M | $76.6M | ||
| Q3 25 | $172.7M | $74.4M | ||
| Q2 25 | $231.5M | $69.0M | ||
| Q1 25 | $212.8M | $45.4M | ||
| Q4 24 | $301.7M | $66.9M | ||
| Q3 24 | $125.5M | $68.6M | ||
| Q2 24 | $99.0M | $65.2M | ||
| Q1 24 | $285.1M | $55.9M |
| Q4 25 | 70.0% | 35.0% | ||
| Q3 25 | 69.2% | 34.0% | ||
| Q2 25 | 70.7% | 34.2% | ||
| Q1 25 | 69.6% | 32.7% | ||
| Q4 24 | 70.0% | 33.6% | ||
| Q3 24 | 69.5% | 33.8% | ||
| Q2 24 | 70.8% | 34.1% | ||
| Q1 24 | 69.7% | 33.8% |
| Q4 25 | 31.7% | 14.6% | ||
| Q3 25 | 44.5% | 13.7% | ||
| Q2 25 | 59.5% | 13.3% | ||
| Q1 25 | 55.3% | 10.2% | ||
| Q4 24 | 67.0% | 13.1% | ||
| Q3 24 | 28.6% | 13.3% | ||
| Q2 24 | 31.1% | 12.9% | ||
| Q1 24 | 31.0% | 12.7% |
| Q4 25 | 17.9% | 10.2% | ||
| Q3 25 | 36.5% | 9.6% | ||
| Q2 25 | 49.3% | 9.1% | ||
| Q1 25 | 45.8% | 6.6% | ||
| Q4 24 | 66.4% | 8.9% | ||
| Q3 24 | 27.8% | 9.0% | ||
| Q2 24 | 22.4% | 8.8% | ||
| Q1 24 | 66.8% | 8.1% |
| Q4 25 | $1.24 | $2.81 | ||
| Q3 25 | $2.56 | $2.74 | ||
| Q2 25 | $3.44 | $2.52 | ||
| Q1 25 | $3.16 | $1.64 | ||
| Q4 24 | $4.00 | $2.39 | ||
| Q3 24 | $1.84 | $2.44 | ||
| Q2 24 | $1.45 | $2.30 | ||
| Q1 24 | $4.25 | $1.97 |
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 | $321.9M |
| Total DebtLower is stronger | — | $886.6M |
| Stockholders' EquityBook value | $5.5B | $709.9M |
| Total Assets | $13.2B | $2.1B |
| Debt / EquityLower = less leverage | — | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $321.9M | ||
| Q3 25 | $66.0M | $333.3M | ||
| Q2 25 | $58.7M | $305.2M | ||
| Q1 25 | $98.7M | $298.7M | ||
| Q4 24 | $66.8M | $327.6M | ||
| Q3 24 | $71.3M | $406.2M | ||
| Q2 24 | $55.2M | $380.3M | ||
| Q1 24 | $499.0M | $399.9M |
| Q4 25 | — | $886.6M | ||
| Q3 25 | $6.4B | $880.8M | ||
| Q2 25 | $6.4B | $876.1M | ||
| Q1 25 | $6.8B | $872.4M | ||
| Q4 24 | — | $874.8M | ||
| Q3 24 | $6.4B | $872.3M | ||
| Q2 24 | $6.2B | $875.8M | ||
| Q1 24 | $6.6B | $875.0M |
| Q4 25 | $5.5B | $709.9M | ||
| Q3 25 | $5.6B | $678.6M | ||
| Q2 25 | $5.6B | $664.5M | ||
| Q1 25 | $5.6B | $660.9M | ||
| Q4 24 | $5.5B | $705.3M | ||
| Q3 24 | $5.4B | $716.4M | ||
| Q2 24 | $5.5B | $685.3M | ||
| Q1 24 | $5.5B | $679.2M |
| Q4 25 | $13.2B | $2.1B | ||
| Q3 25 | $13.2B | $2.1B | ||
| Q2 25 | $13.2B | $2.0B | ||
| Q1 25 | $13.2B | $2.0B | ||
| Q4 24 | $12.9B | $2.1B | ||
| Q3 24 | $12.6B | $2.1B | ||
| Q2 24 | $12.5B | $2.0B | ||
| Q1 24 | $12.9B | $2.0B |
| Q4 25 | — | 1.25× | ||
| Q3 25 | 1.15× | 1.30× | ||
| Q2 25 | 1.14× | 1.32× | ||
| Q1 25 | 1.22× | 1.32× | ||
| Q4 24 | — | 1.24× | ||
| Q3 24 | 1.18× | 1.22× | ||
| Q2 24 | 1.13× | 1.28× | ||
| Q1 24 | 1.19× | 1.29× |
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 | $64.9M |
| Free Cash FlowOCF − Capex | — | $49.3M |
| FCF MarginFCF / Revenue | — | 6.6% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | 12.53× | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $300.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $64.9M | ||
| Q3 25 | $342.6M | $124.0M | ||
| Q2 25 | $216.1M | $90.4M | ||
| Q1 25 | $281.5M | $92.1M | ||
| Q4 24 | $1.1B | $74.8M | ||
| Q3 24 | $316.2M | $101.4M | ||
| Q2 24 | $218.9M | $79.0M | ||
| Q1 24 | $314.9M | $84.8M |
| Q4 25 | — | $49.3M | ||
| Q3 25 | — | $104.8M | ||
| Q2 25 | — | $74.8M | ||
| Q1 25 | — | $71.9M | ||
| Q4 24 | — | $52.9M | ||
| Q3 24 | — | $77.3M | ||
| Q2 24 | — | $58.2M | ||
| Q1 24 | — | $63.0M |
| Q4 25 | — | 6.6% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | — | 10.5% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 10.2% | ||
| Q2 24 | — | 7.9% | ||
| Q1 24 | — | 9.1% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 3.1% |
| Q4 25 | 12.53× | 0.85× | ||
| Q3 25 | 1.98× | 1.67× | ||
| Q2 25 | 0.93× | 1.31× | ||
| Q1 25 | 1.32× | 2.03× | ||
| Q4 24 | 3.54× | 1.12× | ||
| Q3 24 | 2.52× | 1.48× | ||
| Q2 24 | 2.21× | 1.21× | ||
| Q1 24 | 1.10× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
