vs
Side-by-side financial comparison of Essex Property Trust (ESS) and MGIC INVESTMENT CORP (MTG). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $297.1M, roughly 1.6× MGIC INVESTMENT CORP). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs 17.9%, a 37.8% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -3.0%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -1.4%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
MGIC Investment Corporation NYSE: MTG ("MGIC") is a provider of private mortgage insurance in the United States. The company is headquartered in Milwaukee, Wisconsin.
ESS vs MTG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $297.1M |
| Net Profit | $85.7M | $165.3M |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | — |
| Net Margin | 17.9% | 55.6% |
| Revenue YoY | 5.5% | -3.0% |
| Net Profit YoY | -71.6% | -10.9% |
| EPS (diluted) | $1.24 | $0.76 |
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.
| Q1 26 | — | $297.1M | ||
| Q4 25 | $479.6M | $298.7M | ||
| Q3 25 | $473.3M | $304.5M | ||
| Q2 25 | $469.8M | $304.2M | ||
| Q1 25 | $464.6M | $306.2M | ||
| Q4 24 | $454.5M | $301.4M | ||
| Q3 24 | $450.7M | $306.6M | ||
| Q2 24 | $442.4M | $305.3M |
| Q1 26 | — | $165.3M | ||
| Q4 25 | $85.7M | $169.3M | ||
| Q3 25 | $172.7M | $191.1M | ||
| Q2 25 | $231.5M | $192.5M | ||
| Q1 25 | $212.8M | $185.5M | ||
| Q4 24 | $301.7M | $184.7M | ||
| Q3 24 | $125.5M | $200.0M | ||
| Q2 24 | $99.0M | $204.2M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 31.7% | 71.2% | ||
| Q3 25 | 44.5% | 77.2% | ||
| Q2 25 | 59.5% | 80.9% | ||
| Q1 25 | 55.3% | 76.6% | ||
| Q4 24 | 67.0% | 77.9% | ||
| Q3 24 | 28.6% | 82.9% | ||
| Q2 24 | 31.1% | 85.1% |
| Q1 26 | — | 55.6% | ||
| Q4 25 | 17.9% | 56.7% | ||
| Q3 25 | 36.5% | 62.8% | ||
| Q2 25 | 49.3% | 63.3% | ||
| Q1 25 | 45.8% | 60.6% | ||
| Q4 24 | 66.4% | 61.3% | ||
| Q3 24 | 27.8% | 65.2% | ||
| Q2 24 | 22.4% | 66.9% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $1.24 | $0.75 | ||
| Q3 25 | $2.56 | $0.83 | ||
| Q2 25 | $3.44 | $0.81 | ||
| Q1 25 | $3.16 | $0.75 | ||
| Q4 24 | $4.00 | $0.71 | ||
| Q3 24 | $1.84 | $0.77 | ||
| Q2 24 | $1.45 | $0.77 |
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 | $235.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $5.0B |
| Total Assets | $13.2B | $6.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $235.1M | ||
| Q4 25 | $76.2M | $369.0M | ||
| Q3 25 | $66.0M | $266.9M | ||
| Q2 25 | $58.7M | $294.9M | ||
| Q1 25 | $98.7M | $207.0M | ||
| Q4 24 | $66.8M | $229.5M | ||
| Q3 24 | $71.3M | $288.6M | ||
| Q2 24 | $55.2M | $281.8M |
| 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 | — |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $5.5B | $5.1B | ||
| Q3 25 | $5.6B | $5.2B | ||
| Q2 25 | $5.6B | $5.2B | ||
| Q1 25 | $5.6B | $5.1B | ||
| Q4 24 | $5.5B | $5.2B | ||
| Q3 24 | $5.4B | $5.3B | ||
| Q2 24 | $5.5B | $5.1B |
| Q1 26 | — | $6.4B | ||
| Q4 25 | $13.2B | $6.6B | ||
| Q3 25 | $13.2B | $6.6B | ||
| Q2 25 | $13.2B | $6.5B | ||
| Q1 25 | $13.2B | $6.5B | ||
| Q4 24 | $12.9B | $6.5B | ||
| Q3 24 | $12.6B | $6.7B | ||
| Q2 24 | $12.5B | $6.5B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.1B | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 12.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $230.8M | ||
| Q3 25 | $342.6M | $215.4M | ||
| Q2 25 | $216.1M | $183.0M | ||
| Q1 25 | $281.5M | $223.7M | ||
| Q4 24 | $1.1B | $182.4M | ||
| Q3 24 | $316.2M | $182.9M | ||
| Q2 24 | $218.9M | $169.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $230.2M | ||
| Q3 25 | — | $215.1M | ||
| Q2 25 | — | $183.0M | ||
| Q1 25 | — | $223.5M | ||
| Q4 24 | — | $181.9M | ||
| Q3 24 | — | $182.5M | ||
| Q2 24 | — | $169.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 77.1% | ||
| Q3 25 | — | 70.6% | ||
| Q2 25 | — | 60.1% | ||
| Q1 25 | — | 73.0% | ||
| Q4 24 | — | 60.3% | ||
| Q3 24 | — | 59.5% | ||
| Q2 24 | — | 55.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 12.53× | 1.36× | ||
| Q3 25 | 1.98× | 1.13× | ||
| Q2 25 | 0.93× | 0.95× | ||
| Q1 25 | 1.32× | 1.21× | ||
| Q4 24 | 3.54× | 0.99× | ||
| Q3 24 | 2.52× | 0.91× | ||
| Q2 24 | 2.21× | 0.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
