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

MATERION Corp is the larger business by last-quarter revenue ($549.8M vs $479.6M, roughly 1.1× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs 3.5%, a 14.4% gap on every dollar of revenue. On growth, MATERION Corp posted the faster year-over-year revenue change (30.8% vs 5.5%). Over the past eight quarters, MATERION Corp's revenue compounded faster (13.6% 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.

Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.

ESS vs MTRN — Head-to-Head

Bigger by revenue
MTRN
MTRN
1.1× larger
MTRN
$549.8M
$479.6M
ESS
Growing faster (revenue YoY)
MTRN
MTRN
+25.3% gap
MTRN
30.8%
5.5%
ESS
Higher net margin
ESS
ESS
14.4% more per $
ESS
17.9%
3.5%
MTRN
Faster 2-yr revenue CAGR
MTRN
MTRN
Annualised
MTRN
13.6%
6.0%
ESS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ESS
ESS
MTRN
MTRN
Revenue
$479.6M
$549.8M
Net Profit
$85.7M
$19.4M
Gross Margin
70.0%
14.9%
Operating Margin
31.7%
5.1%
Net Margin
17.9%
3.5%
Revenue YoY
5.5%
30.8%
Net Profit YoY
-71.6%
9.5%
EPS (diluted)
$1.24

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
MTRN
MTRN
Q1 26
$549.8M
Q4 25
$479.6M
$489.8M
Q3 25
$473.3M
$444.8M
Q2 25
$469.8M
$431.7M
Q1 25
$464.6M
$420.3M
Q4 24
$454.5M
$436.9M
Q3 24
$450.7M
$436.7M
Q2 24
$442.4M
$425.9M
Net Profit
ESS
ESS
MTRN
MTRN
Q1 26
$19.4M
Q4 25
$85.7M
$6.6M
Q3 25
$172.7M
$25.4M
Q2 25
$231.5M
$25.1M
Q1 25
$212.8M
$17.7M
Q4 24
$301.7M
$-48.9M
Q3 24
$125.5M
$22.3M
Q2 24
$99.0M
$19.0M
Gross Margin
ESS
ESS
MTRN
MTRN
Q1 26
14.9%
Q4 25
70.0%
13.0%
Q3 25
69.2%
19.4%
Q2 25
70.7%
19.1%
Q1 25
69.6%
18.1%
Q4 24
70.0%
21.3%
Q3 24
69.5%
18.5%
Q2 24
70.8%
19.0%
Operating Margin
ESS
ESS
MTRN
MTRN
Q1 26
5.1%
Q4 25
31.7%
2.2%
Q3 25
44.5%
7.9%
Q2 25
59.5%
8.5%
Q1 25
55.3%
6.5%
Q4 24
67.0%
-8.8%
Q3 24
28.6%
7.2%
Q2 24
31.1%
7.5%
Net Margin
ESS
ESS
MTRN
MTRN
Q1 26
3.5%
Q4 25
17.9%
1.3%
Q3 25
36.5%
5.7%
Q2 25
49.3%
5.8%
Q1 25
45.8%
4.2%
Q4 24
66.4%
-11.2%
Q3 24
27.8%
5.1%
Q2 24
22.4%
4.5%
EPS (diluted)
ESS
ESS
MTRN
MTRN
Q1 26
Q4 25
$1.24
$0.30
Q3 25
$2.56
$1.22
Q2 25
$3.44
$1.21
Q1 25
$3.16
$0.85
Q4 24
$4.00
$-2.34
Q3 24
$1.84
$1.07
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
MTRN
MTRN
Cash + ST InvestmentsLiquidity on hand
$76.2M
$16.2M
Total DebtLower is stronger
$489.9M
Stockholders' EquityBook value
$5.5B
$957.0M
Total Assets
$13.2B
$1.9B
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
MTRN
MTRN
Q1 26
$16.2M
Q4 25
$76.2M
$13.7M
Q3 25
$66.0M
$16.4M
Q2 25
$58.7M
$12.6M
Q1 25
$98.7M
$15.6M
Q4 24
$66.8M
$16.7M
Q3 24
$71.3M
$17.9M
Q2 24
$55.2M
$17.1M
Total Debt
ESS
ESS
MTRN
MTRN
Q1 26
$489.9M
Q4 25
$460.6M
Q3 25
$6.4B
$458.9M
Q2 25
$6.4B
$427.6M
Q1 25
$6.8B
$453.0M
Q4 24
$443.9M
Q3 24
$6.4B
Q2 24
$6.2B
Stockholders' Equity
ESS
ESS
MTRN
MTRN
Q1 26
$957.0M
Q4 25
$5.5B
$943.3M
Q3 25
$5.6B
$934.6M
Q2 25
$5.6B
$910.6M
Q1 25
$5.6B
$887.9M
Q4 24
$5.5B
$868.9M
Q3 24
$5.4B
$931.9M
Q2 24
$5.5B
$907.1M
Total Assets
ESS
ESS
MTRN
MTRN
Q1 26
$1.9B
Q4 25
$13.2B
$1.8B
Q3 25
$13.2B
$1.8B
Q2 25
$13.2B
$1.7B
Q1 25
$13.2B
$1.8B
Q4 24
$12.9B
$1.7B
Q3 24
$12.6B
$1.9B
Q2 24
$12.5B
$1.8B
Debt / Equity
ESS
ESS
MTRN
MTRN
Q1 26
0.51×
Q4 25
0.49×
Q3 25
1.15×
0.49×
Q2 25
1.14×
0.47×
Q1 25
1.22×
0.51×
Q4 24
0.51×
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
MTRN
MTRN
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.

Operating Cash Flow
ESS
ESS
MTRN
MTRN
Q1 26
Q4 25
$1.1B
$19.5M
Q3 25
$342.6M
$18.3M
Q2 25
$216.1M
$49.9M
Q1 25
$281.5M
$15.5M
Q4 24
$1.1B
$76.3M
Q3 24
$316.2M
$5.1M
Q2 24
$218.9M
$20.3M
Free Cash Flow
ESS
ESS
MTRN
MTRN
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
$3.2M
Q4 24
Q3 24
$-24.3M
Q2 24
FCF Margin
ESS
ESS
MTRN
MTRN
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
0.8%
Q4 24
Q3 24
-5.6%
Q2 24
Capex Intensity
ESS
ESS
MTRN
MTRN
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
2.9%
Q4 24
Q3 24
6.7%
Q2 24
Cash Conversion
ESS
ESS
MTRN
MTRN
Q1 26
Q4 25
12.53×
2.97×
Q3 25
1.98×
0.72×
Q2 25
0.93×
1.99×
Q1 25
1.32×
0.88×
Q4 24
3.54×
Q3 24
2.52×
0.23×
Q2 24
2.21×
1.07×

Financial Flow Comparison

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

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