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Side-by-side financial comparison of Essex Property Trust (ESS) and loanDepot, Inc. (LDI). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $310.3M, roughly 1.5× loanDepot, Inc.). Essex Property Trust runs the higher net margin — 17.9% vs -7.2%, a 25.1% gap on every dollar of revenue. On growth, loanDepot, Inc. posted the faster year-over-year revenue change (20.5% vs 5.5%). Over the past eight quarters, loanDepot, Inc.'s revenue compounded faster (18.0% 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.
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
ESS vs LDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $310.3M |
| Net Profit | $85.7M | $-22.5M |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | -10.3% |
| Net Margin | 17.9% | -7.2% |
| Revenue YoY | 5.5% | 20.5% |
| Net Profit YoY | -71.6% | 32.4% |
| EPS (diluted) | $1.24 | — |
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 | $310.3M | ||
| Q3 25 | $473.3M | $323.3M | ||
| Q2 25 | $469.8M | $282.5M | ||
| Q1 25 | $464.6M | $273.6M | ||
| Q4 24 | $454.5M | $257.5M | ||
| Q3 24 | $450.7M | $314.6M | ||
| Q2 24 | $442.4M | $265.4M | ||
| Q1 24 | $426.9M | $222.8M |
| Q4 25 | $85.7M | $-22.5M | ||
| Q3 25 | $172.7M | $-4.9M | ||
| Q2 25 | $231.5M | $-13.4M | ||
| Q1 25 | $212.8M | $-21.9M | ||
| Q4 24 | $301.7M | $-33.2M | ||
| Q3 24 | $125.5M | $1.4M | ||
| Q2 24 | $99.0M | $-32.2M | ||
| Q1 24 | $285.1M | $-34.3M |
| 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% | -10.3% | ||
| Q3 25 | 44.5% | -3.2% | ||
| Q2 25 | 59.5% | -11.4% | ||
| Q1 25 | 55.3% | -16.8% | ||
| Q4 24 | 67.0% | -32.7% | ||
| Q3 24 | 28.6% | 1.1% | ||
| Q2 24 | 31.1% | -29.1% | ||
| Q1 24 | 31.0% | -38.2% |
| Q4 25 | 17.9% | -7.2% | ||
| Q3 25 | 36.5% | -1.5% | ||
| Q2 25 | 49.3% | -4.7% | ||
| Q1 25 | 45.8% | -8.0% | ||
| Q4 24 | 66.4% | -12.9% | ||
| Q3 24 | 27.8% | 0.4% | ||
| Q2 24 | 22.4% | -12.1% | ||
| Q1 24 | 66.8% | -15.4% |
| Q4 25 | $1.24 | — | ||
| Q3 25 | $2.56 | — | ||
| Q2 25 | $3.44 | — | ||
| Q1 25 | $3.16 | — | ||
| Q4 24 | $4.00 | — | ||
| Q3 24 | $1.84 | $0.01 | ||
| Q2 24 | $1.45 | $-0.18 | ||
| Q1 24 | $4.25 | $-0.19 |
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 | $337.2M |
| Total DebtLower is stronger | — | $2.1B |
| Stockholders' EquityBook value | $5.5B | $386.0M |
| Total Assets | $13.2B | $6.9B |
| Debt / EquityLower = less leverage | — | 5.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $337.2M | ||
| Q3 25 | $66.0M | $459.2M | ||
| Q2 25 | $58.7M | $408.6M | ||
| Q1 25 | $98.7M | $371.5M | ||
| Q4 24 | $66.8M | $421.6M | ||
| Q3 24 | $71.3M | $483.0M | ||
| Q2 24 | $55.2M | $533.2M | ||
| Q1 24 | $499.0M | $603.7M |
| Q4 25 | — | $2.1B | ||
| Q3 25 | $6.4B | $2.1B | ||
| Q2 25 | $6.4B | $2.1B | ||
| Q1 25 | $6.8B | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $6.4B | $2.0B | ||
| Q2 24 | $6.2B | $2.0B | ||
| Q1 24 | $6.6B | $2.3B |
| Q4 25 | $5.5B | $386.0M | ||
| Q3 25 | $5.6B | $433.3M | ||
| Q2 25 | $5.6B | $439.1M | ||
| Q1 25 | $5.6B | $469.3M | ||
| Q4 24 | $5.5B | $506.6M | ||
| Q3 24 | $5.4B | $592.0M | ||
| Q2 24 | $5.5B | $578.9M | ||
| Q1 24 | $5.5B | $637.3M |
| Q4 25 | $13.2B | $6.9B | ||
| Q3 25 | $13.2B | $6.2B | ||
| Q2 25 | $13.2B | $6.2B | ||
| Q1 25 | $13.2B | $6.4B | ||
| Q4 24 | $12.9B | $6.3B | ||
| Q3 24 | $12.6B | $6.4B | ||
| Q2 24 | $12.5B | $5.9B | ||
| Q1 24 | $12.9B | $6.2B |
| Q4 25 | — | 5.44× | ||
| Q3 25 | 1.15× | 4.83× | ||
| Q2 25 | 1.14× | 4.70× | ||
| Q1 25 | 1.22× | 4.30× | ||
| Q4 24 | — | 4.00× | ||
| Q3 24 | 1.18× | 3.31× | ||
| Q2 24 | 1.13× | 3.41× | ||
| Q1 24 | 1.19× | 3.63× |
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 | $-638.7M |
| Free Cash FlowOCF − Capex | — | $-648.0M |
| FCF MarginFCF / Revenue | — | -208.9% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | 12.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-734.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $-638.7M | ||
| Q3 25 | $342.6M | $43.4M | ||
| Q2 25 | $216.1M | $67.6M | ||
| Q1 25 | $281.5M | $-179.9M | ||
| Q4 24 | $1.1B | $47.7M | ||
| Q3 24 | $316.2M | $-349.2M | ||
| Q2 24 | $218.9M | $-278.3M | ||
| Q1 24 | $314.9M | $-278.5M |
| Q4 25 | — | $-648.0M | ||
| Q3 25 | — | $38.7M | ||
| Q2 25 | — | $61.4M | ||
| Q1 25 | — | $-186.7M | ||
| Q4 24 | — | $40.8M | ||
| Q3 24 | — | $-356.4M | ||
| Q2 24 | — | $-285.7M | ||
| Q1 24 | — | $-283.3M |
| Q4 25 | — | -208.9% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 21.7% | ||
| Q1 25 | — | -68.2% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | — | -113.3% | ||
| Q2 24 | — | -107.7% | ||
| Q1 24 | — | -127.2% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 2.1% |
| Q4 25 | 12.53× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 2.52× | -255.05× | ||
| Q2 24 | 2.21× | — | ||
| Q1 24 | 1.10× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
