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Side-by-side financial comparison of Essex Property Trust (ESS) and IDEX Corporation (IEX). Click either name above to swap in a different company.
IDEX Corporation is the larger business by last-quarter revenue ($899.1M vs $479.6M, roughly 1.9× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs 14.3%, a 3.6% gap on every dollar of revenue. On growth, IDEX Corporation posted the faster year-over-year revenue change (376.5% vs 5.5%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs 5.5%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.
ESS vs IEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $899.1M |
| Net Profit | $85.7M | $128.3M |
| Gross Margin | 70.0% | 43.1% |
| Operating Margin | 31.7% | 20.4% |
| Net Margin | 17.9% | 14.3% |
| Revenue YoY | 5.5% | 376.5% |
| Net Profit YoY | -71.6% | 688.5% |
| EPS (diluted) | $1.24 | $1.71 |
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 | — | $899.1M | ||
| Q4 25 | $479.6M | $899.1M | ||
| Q3 25 | $473.3M | $878.7M | ||
| Q2 25 | $469.8M | $865.4M | ||
| Q1 25 | $464.6M | $814.3M | ||
| Q4 24 | $454.5M | $862.9M | ||
| Q3 24 | $450.7M | $798.2M | ||
| Q2 24 | $442.4M | $807.2M |
| Q1 26 | — | $128.3M | ||
| Q4 25 | $85.7M | $128.3M | ||
| Q3 25 | $172.7M | $127.8M | ||
| Q2 25 | $231.5M | $131.6M | ||
| Q1 25 | $212.8M | $95.5M | ||
| Q4 24 | $301.7M | $123.2M | ||
| Q3 24 | $125.5M | $119.1M | ||
| Q2 24 | $99.0M | $141.3M |
| Q1 26 | — | 43.1% | ||
| Q4 25 | 70.0% | 43.1% | ||
| Q3 25 | 69.2% | 44.5% | ||
| Q2 25 | 70.7% | 45.3% | ||
| Q1 25 | 69.6% | 45.3% | ||
| Q4 24 | 70.0% | 42.5% | ||
| Q3 24 | 69.5% | 44.3% | ||
| Q2 24 | 70.8% | 45.4% |
| Q1 26 | — | 20.4% | ||
| Q4 25 | 31.7% | 20.4% | ||
| Q3 25 | 44.5% | 21.1% | ||
| Q2 25 | 59.5% | 21.7% | ||
| Q1 25 | 55.3% | 17.4% | ||
| Q4 24 | 67.0% | 19.2% | ||
| Q3 24 | 28.6% | 21.0% | ||
| Q2 24 | 31.1% | 22.6% |
| Q1 26 | — | 14.3% | ||
| Q4 25 | 17.9% | 14.3% | ||
| Q3 25 | 36.5% | 14.5% | ||
| Q2 25 | 49.3% | 15.2% | ||
| Q1 25 | 45.8% | 11.7% | ||
| Q4 24 | 66.4% | 14.3% | ||
| Q3 24 | 27.8% | 14.9% | ||
| Q2 24 | 22.4% | 17.5% |
| Q1 26 | — | $1.71 | ||
| Q4 25 | $1.24 | $1.71 | ||
| Q3 25 | $2.56 | $1.70 | ||
| Q2 25 | $3.44 | $1.74 | ||
| Q1 25 | $3.16 | $1.26 | ||
| Q4 24 | $4.00 | $1.61 | ||
| Q3 24 | $1.84 | $1.57 | ||
| Q2 24 | $1.45 | $1.86 |
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 | $580.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $4.0B |
| Total Assets | $13.2B | $6.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $580.0M | ||
| Q4 25 | $76.2M | $580.0M | ||
| Q3 25 | $66.0M | $593.8M | ||
| Q2 25 | $58.7M | $568.2M | ||
| Q1 25 | $98.7M | $594.1M | ||
| Q4 24 | $66.8M | $620.8M | ||
| Q3 24 | $71.3M | $633.2M | ||
| Q2 24 | $55.2M | $700.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | $6.4B | $1.9B | ||
| Q2 25 | $6.4B | $1.9B | ||
| Q1 25 | $6.8B | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $6.4B | $2.1B | ||
| Q2 24 | $6.2B | $1.3B |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $5.5B | $4.0B | ||
| Q3 25 | $5.6B | $4.0B | ||
| Q2 25 | $5.6B | $4.0B | ||
| Q1 25 | $5.6B | $3.9B | ||
| Q4 24 | $5.5B | $3.8B | ||
| Q3 24 | $5.4B | $3.8B | ||
| Q2 24 | $5.5B | $3.7B |
| Q1 26 | — | $6.9B | ||
| Q4 25 | $13.2B | $6.9B | ||
| Q3 25 | $13.2B | $7.0B | ||
| Q2 25 | $13.2B | $6.9B | ||
| Q1 25 | $13.2B | $6.8B | ||
| Q4 24 | $12.9B | $6.7B | ||
| Q3 24 | $12.6B | $7.0B | ||
| Q2 24 | $12.5B | $5.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | 1.15× | 0.48× | ||
| Q2 25 | 1.14× | 0.46× | ||
| Q1 25 | 1.22× | 0.50× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | 1.18× | 0.55× | ||
| Q2 24 | 1.13× | 0.36× |
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 | — | $189.8M |
| FCF MarginFCF / Revenue | — | 21.1% |
| Capex IntensityCapex / Revenue | — | 7.1% |
| Cash ConversionOCF / Net Profit | 12.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $715.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $209.5M | ||
| Q3 25 | $342.6M | $203.5M | ||
| Q2 25 | $216.1M | $161.7M | ||
| Q1 25 | $281.5M | $105.7M | ||
| Q4 24 | $1.1B | $172.6M | ||
| Q3 24 | $316.2M | $205.3M | ||
| Q2 24 | $218.9M | $133.6M |
| Q1 26 | — | $189.8M | ||
| Q4 25 | — | $189.8M | ||
| Q3 25 | — | $188.7M | ||
| Q2 25 | — | $146.9M | ||
| Q1 25 | — | $91.4M | ||
| Q4 24 | — | $157.1M | ||
| Q3 24 | — | $191.6M | ||
| Q2 24 | — | $117.7M |
| Q1 26 | — | 21.1% | ||
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 17.0% | ||
| Q1 25 | — | 11.2% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | — | 14.6% |
| Q1 26 | — | 7.1% | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 12.53× | 1.63× | ||
| Q3 25 | 1.98× | 1.59× | ||
| Q2 25 | 0.93× | 1.23× | ||
| Q1 25 | 1.32× | 1.11× | ||
| Q4 24 | 3.54× | 1.40× | ||
| Q3 24 | 2.52× | 1.72× | ||
| Q2 24 | 2.21× | 0.95× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
