vs
Side-by-side financial comparison of Essex Property Trust (ESS) and KILROY REALTY CORP (KRC). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $272.2M, roughly 1.8× KILROY REALTY CORP). Essex Property Trust runs the higher net margin — 17.9% vs 6.3%, a 11.6% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -5.0%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -1.2%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.
ESS vs KRC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $272.2M |
| Net Profit | $85.7M | $17.1M |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | — |
| Net Margin | 17.9% | 6.3% |
| Revenue YoY | 5.5% | -5.0% |
| Net Profit YoY | -71.6% | -73.7% |
| EPS (diluted) | $1.24 | $0.11 |
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 | $272.2M | ||
| Q3 25 | $473.3M | $279.7M | ||
| Q2 25 | $469.8M | $289.9M | ||
| Q1 25 | $464.6M | $270.8M | ||
| Q4 24 | $454.5M | $286.4M | ||
| Q3 24 | $450.7M | $289.9M | ||
| Q2 24 | $442.4M | $280.7M | ||
| Q1 24 | $426.9M | $278.6M |
| Q4 25 | $85.7M | $17.1M | ||
| Q3 25 | $172.7M | $162.3M | ||
| Q2 25 | $231.5M | $79.6M | ||
| Q1 25 | $212.8M | $43.7M | ||
| Q4 24 | $301.7M | $65.0M | ||
| Q3 24 | $125.5M | $57.7M | ||
| Q2 24 | $99.0M | $54.5M | ||
| Q1 24 | $285.1M | $55.7M |
| 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 24 | 69.7% | — |
| Q4 25 | 31.7% | — | ||
| Q3 25 | 44.5% | — | ||
| Q2 25 | 59.5% | — | ||
| Q1 25 | 55.3% | — | ||
| Q4 24 | 67.0% | — | ||
| Q3 24 | 28.6% | — | ||
| Q2 24 | 31.1% | — | ||
| Q1 24 | 31.0% | — |
| Q4 25 | 17.9% | 6.3% | ||
| Q3 25 | 36.5% | 58.0% | ||
| Q2 25 | 49.3% | 27.4% | ||
| Q1 25 | 45.8% | 16.1% | ||
| Q4 24 | 66.4% | 22.7% | ||
| Q3 24 | 27.8% | 19.9% | ||
| Q2 24 | 22.4% | 19.4% | ||
| Q1 24 | 66.8% | 20.0% |
| Q4 25 | $1.24 | $0.11 | ||
| Q3 25 | $2.56 | $1.31 | ||
| Q2 25 | $3.44 | $0.57 | ||
| Q1 25 | $3.16 | $0.33 | ||
| Q4 24 | $4.00 | $0.50 | ||
| Q3 24 | $1.84 | $0.44 | ||
| Q2 24 | $1.45 | $0.41 | ||
| Q1 24 | $4.25 | $0.42 |
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 | $179.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $5.4B |
| Total Assets | $13.2B | $10.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $179.3M | ||
| Q3 25 | $66.0M | $372.4M | ||
| Q2 25 | $58.7M | $193.1M | ||
| Q1 25 | $98.7M | $146.7M | ||
| Q4 24 | $66.8M | $165.7M | ||
| Q3 24 | $71.3M | $625.4M | ||
| Q2 24 | $55.2M | $835.9M | ||
| Q1 24 | $499.0M | $855.0M |
| 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 24 | $6.6B | — |
| Q4 25 | $5.5B | $5.4B | ||
| Q3 25 | $5.6B | $5.5B | ||
| Q2 25 | $5.6B | $5.4B | ||
| Q1 25 | $5.6B | $5.4B | ||
| Q4 24 | $5.5B | $5.4B | ||
| Q3 24 | $5.4B | $5.4B | ||
| Q2 24 | $5.5B | $5.4B | ||
| Q1 24 | $5.5B | $5.4B |
| Q4 25 | $13.2B | $10.9B | ||
| Q3 25 | $13.2B | $11.0B | ||
| Q2 25 | $13.2B | $10.9B | ||
| Q1 25 | $13.2B | $10.9B | ||
| Q4 24 | $12.9B | $10.9B | ||
| Q3 24 | $12.6B | $11.4B | ||
| Q2 24 | $12.5B | $11.5B | ||
| Q1 24 | $12.9B | $11.6B |
| Q4 25 | — | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.18× | — | ||
| 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 | $566.3M |
| Free Cash FlowOCF − Capex | — | $450.3M |
| FCF MarginFCF / Revenue | — | 165.4% |
| Capex IntensityCapex / Revenue | — | 42.6% |
| Cash ConversionOCF / Net Profit | 12.53× | 33.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $833.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $566.3M | ||
| Q3 25 | $342.6M | $176.6M | ||
| Q2 25 | $216.1M | $143.7M | ||
| Q1 25 | $281.5M | $136.9M | ||
| Q4 24 | $1.1B | $541.1M | ||
| Q3 24 | $316.2M | $176.3M | ||
| Q2 24 | $218.9M | $88.7M | ||
| Q1 24 | $314.9M | $167.9M |
| Q4 25 | — | $450.3M | ||
| Q3 25 | — | $148.7M | ||
| Q2 25 | — | $118.4M | ||
| Q1 25 | — | $115.6M | ||
| Q4 24 | — | $440.8M | ||
| Q3 24 | — | $147.2M | ||
| Q2 24 | — | $69.5M | ||
| Q1 24 | — | $151.9M |
| Q4 25 | — | 165.4% | ||
| Q3 25 | — | 53.1% | ||
| Q2 25 | — | 40.9% | ||
| Q1 25 | — | 42.7% | ||
| Q4 24 | — | 153.9% | ||
| Q3 24 | — | 50.8% | ||
| Q2 24 | — | 24.7% | ||
| Q1 24 | — | 54.5% |
| Q4 25 | — | 42.6% | ||
| Q3 25 | — | 10.0% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 35.0% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 6.8% | ||
| Q1 24 | — | 5.7% |
| Q4 25 | 12.53× | 33.10× | ||
| Q3 25 | 1.98× | 1.09× | ||
| Q2 25 | 0.93× | 1.81× | ||
| Q1 25 | 1.32× | 3.13× | ||
| Q4 24 | 3.54× | 8.32× | ||
| Q3 24 | 2.52× | 3.06× | ||
| Q2 24 | 2.21× | 1.63× | ||
| Q1 24 | 1.10× | 3.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
