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Side-by-side financial comparison of Essex Property Trust (ESS) and Innovex International, Inc. (INVX). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $273.6M, roughly 1.8× Innovex International, Inc.). Essex Property Trust runs the higher net margin — 17.9% vs 5.1%, a 12.8% gap on every dollar of revenue. On growth, Innovex International, Inc. posted the faster year-over-year revenue change (9.1% vs 5.5%). Over the past eight quarters, Innovex International, Inc.'s revenue compounded faster (46.2% 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.
ESS vs INVX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $273.6M |
| Net Profit | $85.7M | $14.0M |
| Gross Margin | 70.0% | 28.9% |
| Operating Margin | 31.7% | 9.4% |
| Net Margin | 17.9% | 5.1% |
| Revenue YoY | 5.5% | 9.1% |
| Net Profit YoY | -71.6% | -56.1% |
| EPS (diluted) | $1.24 | $0.20 |
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 | $273.6M | ||
| Q3 25 | $473.3M | $240.0M | ||
| Q2 25 | $469.8M | $224.2M | ||
| Q1 25 | $464.6M | $240.4M | ||
| Q4 24 | $454.5M | $250.7M | ||
| Q3 24 | $450.7M | $151.8M | ||
| Q2 24 | $442.4M | $130.3M | ||
| Q1 24 | $426.9M | $128.0M |
| Q4 25 | $85.7M | $14.0M | ||
| Q3 25 | $172.7M | $39.2M | ||
| Q2 25 | $231.5M | $15.3M | ||
| Q1 25 | $212.8M | $14.8M | ||
| Q4 24 | $301.7M | $31.8M | ||
| Q3 24 | $125.5M | $82.6M | ||
| Q2 24 | $99.0M | $9.5M | ||
| Q1 24 | $285.1M | $16.4M |
| Q4 25 | 70.0% | 28.9% | ||
| Q3 25 | 69.2% | 31.6% | ||
| Q2 25 | 70.7% | 32.0% | ||
| Q1 25 | 69.6% | 31.8% | ||
| Q4 24 | 70.0% | 33.9% | ||
| Q3 24 | 69.5% | 34.7% | ||
| Q2 24 | 70.8% | 35.3% | ||
| Q1 24 | 69.7% | 38.4% |
| Q4 25 | 31.7% | 9.4% | ||
| Q3 25 | 44.5% | 26.0% | ||
| Q2 25 | 59.5% | 10.1% | ||
| Q1 25 | 55.3% | 9.1% | ||
| Q4 24 | 67.0% | 10.7% | ||
| Q3 24 | 28.6% | -8.7% | ||
| Q2 24 | 31.1% | 10.0% | ||
| Q1 24 | 31.0% | 17.4% |
| Q4 25 | 17.9% | 5.1% | ||
| Q3 25 | 36.5% | 16.3% | ||
| Q2 25 | 49.3% | 6.8% | ||
| Q1 25 | 45.8% | 6.1% | ||
| Q4 24 | 66.4% | 12.7% | ||
| Q3 24 | 27.8% | 54.4% | ||
| Q2 24 | 22.4% | 7.3% | ||
| Q1 24 | 66.8% | 12.8% |
| Q4 25 | $1.24 | $0.20 | ||
| Q3 25 | $2.56 | $0.57 | ||
| Q2 25 | $3.44 | $0.22 | ||
| Q1 25 | $3.16 | $0.21 | ||
| Q4 24 | $4.00 | $-0.03 | ||
| Q3 24 | $1.84 | $1.99 | ||
| Q2 24 | $1.45 | $0.30 | ||
| Q1 24 | $4.25 | $0.51 |
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 | — | $18.9M |
| Stockholders' EquityBook value | $5.5B | $1.1B |
| Total Assets | $13.2B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| 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 | $185.6M | ||
| Q1 24 | $499.0M | $202.2M |
| Q4 25 | — | $18.9M | ||
| Q3 25 | $6.4B | $20.1M | ||
| Q2 25 | $6.4B | $34.8M | ||
| Q1 25 | $6.8B | $19.7M | ||
| Q4 24 | — | $24.9M | ||
| Q3 24 | $6.4B | $12.4M | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.6B | — |
| Q4 25 | $5.5B | $1.1B | ||
| Q3 25 | $5.6B | $1.0B | ||
| Q2 25 | $5.6B | $995.6M | ||
| Q1 25 | $5.6B | $978.4M | ||
| Q4 24 | $5.5B | $958.2M | ||
| Q3 24 | $5.4B | $904.4M | ||
| Q2 24 | $5.5B | $352.5M | ||
| Q1 24 | $5.5B | $344.3M |
| 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 | $1.2B | ||
| Q3 24 | $12.6B | $1.1B | ||
| Q2 24 | $12.5B | $1.0B | ||
| Q1 24 | $12.9B | $1.0B |
| Q4 25 | — | 0.02× | ||
| Q3 25 | 1.15× | 0.02× | ||
| Q2 25 | 1.14× | 0.03× | ||
| Q1 25 | 1.22× | 0.02× | ||
| Q4 24 | — | 0.03× | ||
| Q3 24 | 1.18× | 0.01× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.1B | $52.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 12.53× | 3.74× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $52.2M | ||
| Q3 25 | $342.6M | $48.4M | ||
| Q2 25 | $216.1M | $59.2M | ||
| Q1 25 | $281.5M | $31.1M | ||
| Q4 24 | $1.1B | $36.3M | ||
| Q3 24 | $316.2M | $21.7M | ||
| Q2 24 | $218.9M | $22.8M | ||
| Q1 24 | $314.9M | $12.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $16.6M | ||
| Q1 24 | — | $7.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 12.7% | ||
| Q1 24 | — | 6.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | 12.53× | 3.74× | ||
| Q3 25 | 1.98× | 1.23× | ||
| Q2 25 | 0.93× | 3.86× | ||
| Q1 25 | 1.32× | 2.11× | ||
| Q4 24 | 3.54× | 1.14× | ||
| Q3 24 | 2.52× | 0.26× | ||
| Q2 24 | 2.21× | 2.39× | ||
| Q1 24 | 1.10× | 0.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
INVX
| Products | $202.7M | 74% |
| Leasing | $42.3M | 15% |
| Services | $28.6M | 10% |
