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Side-by-side financial comparison of Essex Property Trust (ESS) and LA-Z-BOY INC (LZB). Click either name above to swap in a different company.

LA-Z-BOY INC is the larger business by last-quarter revenue ($541.6M vs $479.6M, roughly 1.1× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs 4.0%, a 13.9% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs 3.8%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -1.1%).

Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.

La-Z-Boy Inc. is an American furniture manufacturer based in Monroe, Michigan, United States, that makes home furniture, including upholstered recliners, sofas, stationary chairs, lift chairs and sleeper sofas. The company employs more than 11,000 people.

ESS vs LZB — Head-to-Head

Bigger by revenue
LZB
LZB
1.1× larger
LZB
$541.6M
$479.6M
ESS
Growing faster (revenue YoY)
ESS
ESS
+1.7% gap
ESS
5.5%
3.8%
LZB
Higher net margin
ESS
ESS
13.9% more per $
ESS
17.9%
4.0%
LZB
Faster 2-yr revenue CAGR
ESS
ESS
Annualised
ESS
6.0%
-1.1%
LZB

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ESS
ESS
LZB
LZB
Revenue
$479.6M
$541.6M
Net Profit
$85.7M
$21.6M
Gross Margin
70.0%
43.1%
Operating Margin
31.7%
5.5%
Net Margin
17.9%
4.0%
Revenue YoY
5.5%
3.8%
Net Profit YoY
-71.6%
-23.8%
EPS (diluted)
$1.24
$0.52

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
LZB
LZB
Q1 26
$541.6M
Q4 25
$479.6M
$522.5M
Q3 25
$473.3M
$492.2M
Q2 25
$469.8M
$570.9M
Q1 25
$464.6M
$521.8M
Q4 24
$454.5M
$521.0M
Q3 24
$450.7M
$495.5M
Q2 24
$442.4M
$553.5M
Net Profit
ESS
ESS
LZB
LZB
Q1 26
$21.6M
Q4 25
$85.7M
$28.9M
Q3 25
$172.7M
$18.2M
Q2 25
$231.5M
$14.9M
Q1 25
$212.8M
$28.4M
Q4 24
$301.7M
$30.0M
Q3 24
$125.5M
$26.2M
Q2 24
$99.0M
$39.3M
Gross Margin
ESS
ESS
LZB
LZB
Q1 26
43.1%
Q4 25
70.0%
44.2%
Q3 25
69.2%
42.5%
Q2 25
70.7%
44.0%
Q1 25
69.6%
44.3%
Q4 24
70.0%
44.3%
Q3 24
69.5%
43.1%
Q2 24
70.8%
43.4%
Operating Margin
ESS
ESS
LZB
LZB
Q1 26
5.5%
Q4 25
31.7%
6.9%
Q3 25
44.5%
4.5%
Q2 25
59.5%
5.2%
Q1 25
55.3%
6.7%
Q4 24
67.0%
7.4%
Q3 24
28.6%
6.5%
Q2 24
31.1%
9.1%
Net Margin
ESS
ESS
LZB
LZB
Q1 26
4.0%
Q4 25
17.9%
5.5%
Q3 25
36.5%
3.7%
Q2 25
49.3%
2.6%
Q1 25
45.8%
5.4%
Q4 24
66.4%
5.8%
Q3 24
27.8%
5.3%
Q2 24
22.4%
7.1%
EPS (diluted)
ESS
ESS
LZB
LZB
Q1 26
$0.52
Q4 25
$1.24
$0.70
Q3 25
$2.56
$0.44
Q2 25
$3.44
$0.35
Q1 25
$3.16
$0.68
Q4 24
$4.00
$0.71
Q3 24
$1.84
$0.61
Q2 24
$1.45
$0.91

Balance Sheet & Financial Strength

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

Metric
ESS
ESS
LZB
LZB
Cash + ST InvestmentsLiquidity on hand
$76.2M
$306.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.5B
$1.0B
Total Assets
$13.2B
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
LZB
LZB
Q1 26
$306.1M
Q4 25
$76.2M
$338.5M
Q3 25
$66.0M
$318.5M
Q2 25
$58.7M
$328.4M
Q1 25
$98.7M
$314.6M
Q4 24
$66.8M
$303.1M
Q3 24
$71.3M
$342.3M
Q2 24
$55.2M
$341.1M
Total Debt
ESS
ESS
LZB
LZB
Q1 26
Q4 25
Q3 25
$6.4B
Q2 25
$6.4B
Q1 25
$6.8B
Q4 24
Q3 24
$6.4B
Q2 24
$6.2B
Stockholders' Equity
ESS
ESS
LZB
LZB
Q1 26
$1.0B
Q4 25
$5.5B
$1.0B
Q3 25
$5.6B
$1.0B
Q2 25
$5.6B
$1.0B
Q1 25
$5.6B
$1.0B
Q4 24
$5.5B
$1.0B
Q3 24
$5.4B
$999.2M
Q2 24
$5.5B
$1.0B
Total Assets
ESS
ESS
LZB
LZB
Q1 26
$2.1B
Q4 25
$13.2B
$2.0B
Q3 25
$13.2B
$1.9B
Q2 25
$13.2B
$1.9B
Q1 25
$13.2B
$2.0B
Q4 24
$12.9B
$1.9B
Q3 24
$12.6B
$1.9B
Q2 24
$12.5B
$1.9B
Debt / Equity
ESS
ESS
LZB
LZB
Q1 26
Q4 25
Q3 25
1.15×
Q2 25
1.14×
Q1 25
1.22×
Q4 24
Q3 24
1.18×
Q2 24
1.13×

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
LZB
LZB
Operating Cash FlowLast quarter
$1.1B
$89.4M
Free Cash FlowOCF − Capex
$71.6M
FCF MarginFCF / Revenue
13.2%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
12.53×
4.13×
TTM Free Cash FlowTrailing 4 quarters
$158.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESS
ESS
LZB
LZB
Q1 26
$89.4M
Q4 25
$1.1B
$50.0M
Q3 25
$342.6M
$36.3M
Q2 25
$216.1M
$62.0M
Q1 25
$281.5M
$57.0M
Q4 24
$1.1B
$15.9M
Q3 24
$316.2M
$52.3M
Q2 24
$218.9M
$52.8M
Free Cash Flow
ESS
ESS
LZB
LZB
Q1 26
$71.6M
Q4 25
$29.6M
Q3 25
$17.8M
Q2 25
$39.3M
Q1 25
$38.2M
Q4 24
$-1.2M
Q3 24
$36.7M
Q2 24
$37.3M
FCF Margin
ESS
ESS
LZB
LZB
Q1 26
13.2%
Q4 25
5.7%
Q3 25
3.6%
Q2 25
6.9%
Q1 25
7.3%
Q4 24
-0.2%
Q3 24
7.4%
Q2 24
6.7%
Capex Intensity
ESS
ESS
LZB
LZB
Q1 26
3.3%
Q4 25
3.9%
Q3 25
3.8%
Q2 25
4.0%
Q1 25
3.6%
Q4 24
3.3%
Q3 24
3.2%
Q2 24
2.8%
Cash Conversion
ESS
ESS
LZB
LZB
Q1 26
4.13×
Q4 25
12.53×
1.73×
Q3 25
1.98×
1.99×
Q2 25
0.93×
4.15×
Q1 25
1.32×
2.01×
Q4 24
3.54×
0.53×
Q3 24
2.52×
2.00×
Q2 24
2.21×
1.34×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESS
ESS

Segment breakdown not available.

LZB
LZB

Stationary Upholstery Furniture$286.2M53%
Retail Segment$251.9M47%

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