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Side-by-side financial comparison of Essex Property Trust (ESS) and Grand Canyon Education, Inc. (LOPE). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $308.1M, roughly 1.6× Grand Canyon Education, Inc.). Grand Canyon Education, Inc. runs the higher net margin — 28.1% vs 17.9%, a 10.3% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs 5.3%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs 5.9%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
ESS vs LOPE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $308.1M |
| Net Profit | $85.7M | $86.7M |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | 35.1% |
| Net Margin | 17.9% | 28.1% |
| Revenue YoY | 5.5% | 5.3% |
| Net Profit YoY | -71.6% | 5.9% |
| EPS (diluted) | $1.24 | $3.13 |
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 | $308.1M | ||
| Q3 25 | $473.3M | $261.1M | ||
| Q2 25 | $469.8M | $247.5M | ||
| Q1 25 | $464.6M | $289.3M | ||
| Q4 24 | $454.5M | $292.6M | ||
| Q3 24 | $450.7M | $238.3M | ||
| Q2 24 | $442.4M | $227.5M | ||
| Q1 24 | $426.9M | $274.7M |
| Q4 25 | $85.7M | $86.7M | ||
| Q3 25 | $172.7M | $16.3M | ||
| Q2 25 | $231.5M | $41.5M | ||
| Q1 25 | $212.8M | $71.6M | ||
| Q4 24 | $301.7M | $81.9M | ||
| Q3 24 | $125.5M | $41.5M | ||
| Q2 24 | $99.0M | $34.9M | ||
| Q1 24 | $285.1M | $68.0M |
| 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% | 35.1% | ||
| Q3 25 | 44.5% | 6.9% | ||
| Q2 25 | 59.5% | 20.9% | ||
| Q1 25 | 55.3% | 30.4% | ||
| Q4 24 | 67.0% | 34.2% | ||
| Q3 24 | 28.6% | 20.2% | ||
| Q2 24 | 31.1% | 18.8% | ||
| Q1 24 | 31.0% | 30.8% |
| Q4 25 | 17.9% | 28.1% | ||
| Q3 25 | 36.5% | 6.2% | ||
| Q2 25 | 49.3% | 16.8% | ||
| Q1 25 | 45.8% | 24.8% | ||
| Q4 24 | 66.4% | 28.0% | ||
| Q3 24 | 27.8% | 17.4% | ||
| Q2 24 | 22.4% | 15.3% | ||
| Q1 24 | 66.8% | 24.8% |
| Q4 25 | $1.24 | $3.13 | ||
| Q3 25 | $2.56 | $0.58 | ||
| Q2 25 | $3.44 | $1.48 | ||
| Q1 25 | $3.16 | $2.52 | ||
| Q4 24 | $4.00 | $2.83 | ||
| Q3 24 | $1.84 | $1.42 | ||
| Q2 24 | $1.45 | $1.19 | ||
| Q1 24 | $4.25 | $2.29 |
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 | $111.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $746.9M |
| Total Assets | $13.2B | $992.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $111.8M | ||
| Q3 25 | $66.0M | $97.3M | ||
| Q2 25 | $58.7M | $192.3M | ||
| Q1 25 | $98.7M | $144.5M | ||
| Q4 24 | $66.8M | $324.6M | ||
| Q3 24 | $71.3M | $263.6M | ||
| Q2 24 | $55.2M | $241.3M | ||
| Q1 24 | $499.0M | $196.2M |
| 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 | $746.9M | ||
| Q3 25 | $5.6B | $758.0M | ||
| Q2 25 | $5.6B | $778.0M | ||
| Q1 25 | $5.6B | $780.7M | ||
| Q4 24 | $5.5B | $783.9M | ||
| Q3 24 | $5.4B | $764.1M | ||
| Q2 24 | $5.5B | $759.2M | ||
| Q1 24 | $5.5B | $759.4M |
| Q4 25 | $13.2B | $992.3M | ||
| Q3 25 | $13.2B | $1.0B | ||
| Q2 25 | $13.2B | $1.0B | ||
| Q1 25 | $13.2B | $1.0B | ||
| Q4 24 | $12.9B | $1.0B | ||
| Q3 24 | $12.6B | $992.9M | ||
| Q2 24 | $12.5B | $992.7M | ||
| Q1 24 | $12.9B | $1.0B |
| 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 | $130.5M |
| Free Cash FlowOCF − Capex | — | $122.9M |
| FCF MarginFCF / Revenue | — | 39.9% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | 12.53× | 1.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $130.5M | ||
| Q3 25 | $342.6M | $-48.6M | ||
| Q2 25 | $216.1M | $124.0M | ||
| Q1 25 | $281.5M | $67.6M | ||
| Q4 24 | $1.1B | $135.8M | ||
| Q3 24 | $316.2M | $-29.4M | ||
| Q2 24 | $218.9M | $98.6M | ||
| Q1 24 | $314.9M | $85.0M |
| Q4 25 | — | $122.9M | ||
| Q3 25 | — | $-58.3M | ||
| Q2 25 | — | $115.4M | ||
| Q1 25 | — | $58.7M | ||
| Q4 24 | — | $126.1M | ||
| Q3 24 | — | $-39.0M | ||
| Q2 24 | — | $89.6M | ||
| Q1 24 | — | $76.0M |
| Q4 25 | — | 39.9% | ||
| Q3 25 | — | -22.3% | ||
| Q2 25 | — | 46.6% | ||
| Q1 25 | — | 20.3% | ||
| Q4 24 | — | 43.1% | ||
| Q3 24 | — | -16.3% | ||
| Q2 24 | — | 39.4% | ||
| Q1 24 | — | 27.7% |
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 3.9% | ||
| Q1 24 | — | 3.3% |
| Q4 25 | 12.53× | 1.50× | ||
| Q3 25 | 1.98× | -2.99× | ||
| Q2 25 | 0.93× | 2.98× | ||
| Q1 25 | 1.32× | 0.94× | ||
| Q4 24 | 3.54× | 1.66× | ||
| Q3 24 | 2.52× | -0.71× | ||
| Q2 24 | 2.21× | 2.83× | ||
| Q1 24 | 1.10× | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
