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Side-by-side financial comparison of Essex Property Trust (ESS) and Magnera Corp (MAGN). Click either name above to swap in a different company.
Magnera Corp is the larger business by last-quarter revenue ($792.0M vs $479.6M, roughly 1.7× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs -4.3%, a 22.2% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 5.5%). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% 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.
ESS vs MAGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $792.0M |
| Net Profit | $85.7M | $-34.0M |
| Gross Margin | 70.0% | 12.2% |
| Operating Margin | 31.7% | 1.8% |
| Net Margin | 17.9% | -4.3% |
| Revenue YoY | 5.5% | 12.8% |
| Net Profit YoY | -71.6% | 43.3% |
| EPS (diluted) | $1.24 | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $473.3M | — | ||
| Q2 25 | $469.8M | $839.0M | ||
| Q1 25 | $464.6M | $824.0M | ||
| Q4 24 | $454.5M | $702.0M | ||
| Q3 24 | $450.7M | $332.1M | ||
| Q2 24 | $442.4M | $556.0M | ||
| Q1 24 | $426.9M | $558.0M |
| Q4 25 | $85.7M | $-34.0M | ||
| Q3 25 | $172.7M | — | ||
| Q2 25 | $231.5M | $-18.0M | ||
| Q1 25 | $212.8M | $-41.0M | ||
| Q4 24 | $301.7M | $-60.0M | ||
| Q3 24 | $125.5M | $-15.2M | ||
| Q2 24 | $99.0M | $19.0M | ||
| Q1 24 | $285.1M | $14.0M |
| Q4 25 | 70.0% | 12.2% | ||
| Q3 25 | 69.2% | — | ||
| Q2 25 | 70.7% | 10.7% | ||
| Q1 25 | 69.6% | 10.7% | ||
| Q4 24 | 70.0% | 10.1% | ||
| Q3 24 | 69.5% | 10.7% | ||
| Q2 24 | 70.8% | 6.6% | ||
| Q1 24 | 69.7% | 6.2% |
| Q4 25 | 31.7% | 1.8% | ||
| Q3 25 | 44.5% | — | ||
| Q2 25 | 59.5% | 1.5% | ||
| Q1 25 | 55.3% | 0.5% | ||
| Q4 24 | 67.0% | -3.1% | ||
| Q3 24 | 28.6% | 0.9% | ||
| Q2 24 | 31.1% | 3.1% | ||
| Q1 24 | 31.0% | 3.8% |
| Q4 25 | 17.9% | -4.3% | ||
| Q3 25 | 36.5% | — | ||
| Q2 25 | 49.3% | -2.1% | ||
| Q1 25 | 45.8% | -5.0% | ||
| Q4 24 | 66.4% | -8.5% | ||
| Q3 24 | 27.8% | -4.6% | ||
| Q2 24 | 22.4% | 3.4% | ||
| Q1 24 | 66.8% | 2.5% |
| Q4 25 | $1.24 | $-0.95 | ||
| Q3 25 | $2.56 | — | ||
| Q2 25 | $3.44 | $-0.51 | ||
| Q1 25 | $3.16 | $-1.15 | ||
| Q4 24 | $4.00 | $-1.69 | ||
| Q3 24 | $1.84 | $-0.33 | ||
| Q2 24 | $1.45 | $0.60 | ||
| Q1 24 | $4.25 | $0.44 |
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 | $264.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $5.5B | $1.0B |
| Total Assets | $13.2B | $3.9B |
| Debt / EquityLower = less leverage | — | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $264.0M | ||
| Q3 25 | $66.0M | — | ||
| Q2 25 | $58.7M | $276.0M | ||
| Q1 25 | $98.7M | $282.0M | ||
| Q4 24 | $66.8M | $215.0M | ||
| Q3 24 | $71.3M | $230.0M | ||
| Q2 24 | $55.2M | $33.9M | ||
| Q1 24 | $499.0M | $30.2M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | $2.0B | ||
| Q1 25 | $6.8B | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $6.4B | $2.0B | ||
| Q2 24 | $6.2B | $877.4M | ||
| Q1 24 | $6.6B | $884.7M |
| Q4 25 | $5.5B | $1.0B | ||
| Q3 25 | $5.6B | — | ||
| Q2 25 | $5.6B | $1.1B | ||
| Q1 25 | $5.6B | $1.1B | ||
| Q4 24 | $5.5B | $1.1B | ||
| Q3 24 | $5.4B | $2.1B | ||
| Q2 24 | $5.5B | $2.4B | ||
| Q1 24 | $5.5B | $2.4B |
| Q4 25 | $13.2B | $3.9B | ||
| Q3 25 | $13.2B | — | ||
| Q2 25 | $13.2B | $4.1B | ||
| Q1 25 | $13.2B | $4.1B | ||
| Q4 24 | $12.9B | $4.0B | ||
| Q3 24 | $12.6B | $2.8B | ||
| Q2 24 | $12.5B | $1.5B | ||
| Q1 24 | $12.9B | $1.5B |
| Q4 25 | — | 1.86× | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.14× | 1.77× | ||
| Q1 25 | 1.22× | 1.83× | ||
| Q4 24 | — | 1.80× | ||
| Q3 24 | 1.18× | 0.91× | ||
| Q2 24 | 1.13× | 0.37× | ||
| Q1 24 | 1.19× | 0.36× |
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 | $2.0M |
| Free Cash FlowOCF − Capex | — | $-13.0M |
| FCF MarginFCF / Revenue | — | -1.6% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | 12.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $2.0M | ||
| Q3 25 | $342.6M | — | ||
| Q2 25 | $216.1M | $0 | ||
| Q1 25 | $281.5M | $65.0M | ||
| Q4 24 | $1.1B | $-58.0M | ||
| Q3 24 | $316.2M | $12.2M | ||
| Q2 24 | $218.9M | $38.0M | ||
| Q1 24 | $314.9M | $20.0M |
| Q4 25 | — | $-13.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $42.0M | ||
| Q4 24 | — | $-74.0M | ||
| Q3 24 | — | $3.6M | ||
| Q2 24 | — | $23.0M | ||
| Q1 24 | — | $12.5M |
| Q4 25 | — | -1.6% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | -10.5% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | — | 2.2% |
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | 12.53× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 2.52× | — | ||
| Q2 24 | 2.21× | 2.00× | ||
| Q1 24 | 1.10× | 1.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
