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Side-by-side financial comparison of Essex Property Trust (ESS) and LivaNova PLC (LIVN). Click either name above to swap in a different company.

Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $360.9M, roughly 1.3× LivaNova PLC). Essex Property Trust runs the higher net margin — 17.9% vs 8.6%, a 9.3% gap on every dollar of revenue. On growth, LivaNova PLC posted the faster year-over-year revenue change (12.1% vs 5.5%). Over the past eight quarters, LivaNova PLC's revenue compounded faster (10.6% 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.

LivaNova, plc is an American medical device manufacturer based in the UK. The company develops devices used for cardiac surgery and neuromodulation. The company was formed in 2015 by a $2.7B merger between Houston, Texas-based Cyberonics, Inc. and Milan, Italy-based Sorin S.p.a. The company trades on the NASDAQ stock exchange under the ticker symbol "LIVN".

ESS vs LIVN — Head-to-Head

Bigger by revenue
ESS
ESS
1.3× larger
ESS
$479.6M
$360.9M
LIVN
Growing faster (revenue YoY)
LIVN
LIVN
+6.6% gap
LIVN
12.1%
5.5%
ESS
Higher net margin
ESS
ESS
9.3% more per $
ESS
17.9%
8.6%
LIVN
Faster 2-yr revenue CAGR
LIVN
LIVN
Annualised
LIVN
10.6%
6.0%
ESS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESS
ESS
LIVN
LIVN
Revenue
$479.6M
$360.9M
Net Profit
$85.7M
$30.9M
Gross Margin
70.0%
65.2%
Operating Margin
31.7%
11.8%
Net Margin
17.9%
8.6%
Revenue YoY
5.5%
12.1%
Net Profit YoY
-71.6%
-44.7%
EPS (diluted)
$1.24
$0.57

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.

Revenue
ESS
ESS
LIVN
LIVN
Q4 25
$479.6M
$360.9M
Q3 25
$473.3M
$357.8M
Q2 25
$469.8M
$352.5M
Q1 25
$464.6M
$316.9M
Q4 24
$454.5M
$321.8M
Q3 24
$450.7M
$318.1M
Q2 24
$442.4M
$318.6M
Q1 24
$426.9M
$294.9M
Net Profit
ESS
ESS
LIVN
LIVN
Q4 25
$85.7M
$30.9M
Q3 25
$172.7M
$26.8M
Q2 25
$231.5M
$27.2M
Q1 25
$212.8M
$-327.3M
Q4 24
$301.7M
$55.9M
Q3 24
$125.5M
$33.0M
Q2 24
$99.0M
$16.3M
Q1 24
$285.1M
$-41.9M
Gross Margin
ESS
ESS
LIVN
LIVN
Q4 25
70.0%
65.2%
Q3 25
69.2%
68.4%
Q2 25
70.7%
67.8%
Q1 25
69.6%
69.7%
Q4 24
70.0%
68.2%
Q3 24
69.5%
70.8%
Q2 24
70.8%
68.7%
Q1 24
69.7%
70.3%
Operating Margin
ESS
ESS
LIVN
LIVN
Q4 25
31.7%
11.8%
Q3 25
44.5%
15.1%
Q2 25
59.5%
15.4%
Q1 25
55.3%
15.3%
Q4 24
67.0%
11.5%
Q3 24
28.6%
11.2%
Q2 24
31.1%
12.6%
Q1 24
31.0%
5.5%
Net Margin
ESS
ESS
LIVN
LIVN
Q4 25
17.9%
8.6%
Q3 25
36.5%
7.5%
Q2 25
49.3%
7.7%
Q1 25
45.8%
-103.3%
Q4 24
66.4%
17.4%
Q3 24
27.8%
10.4%
Q2 24
22.4%
5.1%
Q1 24
66.8%
-14.2%
EPS (diluted)
ESS
ESS
LIVN
LIVN
Q4 25
$1.24
$0.57
Q3 25
$2.56
$0.49
Q2 25
$3.44
$0.50
Q1 25
$3.16
$-6.01
Q4 24
$4.00
$1.04
Q3 24
$1.84
$0.60
Q2 24
$1.45
$0.30
Q1 24
$4.25
$-0.78

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ESS
ESS
LIVN
LIVN
Cash + ST InvestmentsLiquidity on hand
$76.2M
$635.6M
Total DebtLower is stronger
$376.1M
Stockholders' EquityBook value
$5.5B
$1.2B
Total Assets
$13.2B
$2.6B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
LIVN
LIVN
Q4 25
$76.2M
$635.6M
Q3 25
$66.0M
$646.1M
Q2 25
$58.7M
$593.6M
Q1 25
$98.7M
$738.4M
Q4 24
$66.8M
$428.9M
Q3 24
$71.3M
$346.4M
Q2 24
$55.2M
$329.2M
Q1 24
$499.0M
$309.2M
Total Debt
ESS
ESS
LIVN
LIVN
Q4 25
$376.1M
Q3 25
$6.4B
$434.5M
Q2 25
$6.4B
$430.6M
Q1 25
$6.8B
$628.2M
Q4 24
$627.0M
Q3 24
$6.4B
$625.5M
Q2 24
$6.2B
$624.5M
Q1 24
$6.6B
$623.8M
Stockholders' Equity
ESS
ESS
LIVN
LIVN
Q4 25
$5.5B
$1.2B
Q3 25
$5.6B
$1.2B
Q2 25
$5.6B
$1.1B
Q1 25
$5.6B
$1.0B
Q4 24
$5.5B
$1.3B
Q3 24
$5.4B
$1.3B
Q2 24
$5.5B
$1.2B
Q1 24
$5.5B
$1.2B
Total Assets
ESS
ESS
LIVN
LIVN
Q4 25
$13.2B
$2.6B
Q3 25
$13.2B
$2.6B
Q2 25
$13.2B
$2.5B
Q1 25
$13.2B
$2.6B
Q4 24
$12.9B
$2.5B
Q3 24
$12.6B
$2.5B
Q2 24
$12.5B
$2.5B
Q1 24
$12.9B
$2.5B
Debt / Equity
ESS
ESS
LIVN
LIVN
Q4 25
0.31×
Q3 25
1.15×
0.38×
Q2 25
1.14×
0.38×
Q1 25
1.22×
0.61×
Q4 24
0.47×
Q3 24
1.18×
0.48×
Q2 24
1.13×
0.50×
Q1 24
1.19×
0.51×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ESS
ESS
LIVN
LIVN
Operating Cash FlowLast quarter
$1.1B
$82.4M
Free Cash FlowOCF − Capex
$50.2M
FCF MarginFCF / Revenue
13.9%
Capex IntensityCapex / Revenue
8.9%
Cash ConversionOCF / Net Profit
12.53×
2.67×
TTM Free Cash FlowTrailing 4 quarters
$173.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESS
ESS
LIVN
LIVN
Q4 25
$1.1B
$82.4M
Q3 25
$342.6M
$85.1M
Q2 25
$216.1M
$62.9M
Q1 25
$281.5M
$24.0M
Q4 24
$1.1B
$78.7M
Q3 24
$316.2M
$51.0M
Q2 24
$218.9M
$43.4M
Q1 24
$314.9M
$10.0M
Free Cash Flow
ESS
ESS
LIVN
LIVN
Q4 25
$50.2M
Q3 25
$62.2M
Q2 25
$47.8M
Q1 25
$13.2M
Q4 24
$68.3M
Q3 24
$32.8M
Q2 24
$31.2M
Q1 24
$3.6M
FCF Margin
ESS
ESS
LIVN
LIVN
Q4 25
13.9%
Q3 25
17.4%
Q2 25
13.6%
Q1 25
4.2%
Q4 24
21.2%
Q3 24
10.3%
Q2 24
9.8%
Q1 24
1.2%
Capex Intensity
ESS
ESS
LIVN
LIVN
Q4 25
8.9%
Q3 25
6.4%
Q2 25
4.3%
Q1 25
3.4%
Q4 24
3.2%
Q3 24
5.7%
Q2 24
3.8%
Q1 24
2.2%
Cash Conversion
ESS
ESS
LIVN
LIVN
Q4 25
12.53×
2.67×
Q3 25
1.98×
3.18×
Q2 25
0.93×
2.32×
Q1 25
1.32×
Q4 24
3.54×
1.41×
Q3 24
2.52×
1.55×
Q2 24
2.21×
2.65×
Q1 24
1.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ESS
ESS

Segment breakdown not available.

LIVN
LIVN

Other$169.4M47%
Neuromodulation Segment$119.7M33%
Cardiopulmonary Segment$71.8M20%

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