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

Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $267.3M, roughly 1.8× Metallus Inc.). Essex Property Trust runs the higher net margin — 17.9% vs -5.3%, a 23.2% gap on every dollar of revenue. On growth, Metallus Inc. posted the faster year-over-year revenue change (11.1% vs 5.5%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -8.8%).

ESS vs MTUS — Head-to-Head

Bigger by revenue
ESS
ESS
1.8× larger
ESS
$479.6M
$267.3M
MTUS
Growing faster (revenue YoY)
MTUS
MTUS
+5.6% gap
MTUS
11.1%
5.5%
ESS
Higher net margin
ESS
ESS
23.2% more per $
ESS
17.9%
-5.3%
MTUS
Faster 2-yr revenue CAGR
ESS
ESS
Annualised
ESS
6.0%
-8.8%
MTUS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESS
ESS
MTUS
MTUS
Revenue
$479.6M
$267.3M
Net Profit
$85.7M
$-14.3M
Gross Margin
70.0%
2.2%
Operating Margin
31.7%
-7.7%
Net Margin
17.9%
-5.3%
Revenue YoY
5.5%
11.1%
Net Profit YoY
-71.6%
33.2%
EPS (diluted)
$1.24
$-0.34

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
MTUS
MTUS
Q4 25
$479.6M
$267.3M
Q3 25
$473.3M
$305.9M
Q2 25
$469.8M
$304.6M
Q1 25
$464.6M
$280.5M
Q4 24
$454.5M
$240.5M
Q3 24
$450.7M
$227.2M
Q2 24
$442.4M
$294.7M
Q1 24
$426.9M
$321.6M
Net Profit
ESS
ESS
MTUS
MTUS
Q4 25
$85.7M
$-14.3M
Q3 25
$172.7M
$8.1M
Q2 25
$231.5M
$3.7M
Q1 25
$212.8M
$1.3M
Q4 24
$301.7M
$-21.4M
Q3 24
$125.5M
$-5.9M
Q2 24
$99.0M
$4.6M
Q1 24
$285.1M
$24.0M
Gross Margin
ESS
ESS
MTUS
MTUS
Q4 25
70.0%
2.2%
Q3 25
69.2%
11.4%
Q2 25
70.7%
10.6%
Q1 25
69.6%
7.8%
Q4 24
70.0%
4.5%
Q3 24
69.5%
5.3%
Q2 24
70.8%
8.2%
Q1 24
69.7%
15.7%
Operating Margin
ESS
ESS
MTUS
MTUS
Q4 25
31.7%
-7.7%
Q3 25
44.5%
3.6%
Q2 25
59.5%
2.8%
Q1 25
55.3%
1.0%
Q4 24
67.0%
-10.1%
Q3 24
28.6%
-3.1%
Q2 24
31.1%
2.1%
Q1 24
31.0%
9.3%
Net Margin
ESS
ESS
MTUS
MTUS
Q4 25
17.9%
-5.3%
Q3 25
36.5%
2.6%
Q2 25
49.3%
1.2%
Q1 25
45.8%
0.5%
Q4 24
66.4%
-8.9%
Q3 24
27.8%
-2.6%
Q2 24
22.4%
1.6%
Q1 24
66.8%
7.5%
EPS (diluted)
ESS
ESS
MTUS
MTUS
Q4 25
$1.24
$-0.34
Q3 25
$2.56
$0.19
Q2 25
$3.44
$0.09
Q1 25
$3.16
$0.03
Q4 24
$4.00
$-0.46
Q3 24
$1.84
$-0.13
Q2 24
$1.45
$0.10
Q1 24
$4.25
$0.52

Balance Sheet & Financial Strength

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

Metric
ESS
ESS
MTUS
MTUS
Cash + ST InvestmentsLiquidity on hand
$76.2M
$156.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.5B
$686.0M
Total Assets
$13.2B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
MTUS
MTUS
Q4 25
$76.2M
$156.7M
Q3 25
$66.0M
$191.5M
Q2 25
$58.7M
$190.8M
Q1 25
$98.7M
$180.3M
Q4 24
$66.8M
$240.7M
Q3 24
$71.3M
$254.6M
Q2 24
$55.2M
$272.8M
Q1 24
$499.0M
$278.1M
Total Debt
ESS
ESS
MTUS
MTUS
Q4 25
Q3 25
$6.4B
$0
Q2 25
$6.4B
$0
Q1 25
$6.8B
$5.4M
Q4 24
$5.4M
Q3 24
$6.4B
$13.2M
Q2 24
$6.2B
$13.2M
Q1 24
$6.6B
$13.2M
Stockholders' Equity
ESS
ESS
MTUS
MTUS
Q4 25
$5.5B
$686.0M
Q3 25
$5.6B
$697.7M
Q2 25
$5.6B
$690.0M
Q1 25
$5.6B
$686.1M
Q4 24
$5.5B
$690.5M
Q3 24
$5.4B
$712.7M
Q2 24
$5.5B
$736.3M
Q1 24
$5.5B
$739.3M
Total Assets
ESS
ESS
MTUS
MTUS
Q4 25
$13.2B
$1.1B
Q3 25
$13.2B
$1.2B
Q2 25
$13.2B
$1.1B
Q1 25
$13.2B
$1.1B
Q4 24
$12.9B
$1.1B
Q3 24
$12.6B
$1.1B
Q2 24
$12.5B
$1.1B
Q1 24
$12.9B
$1.2B
Debt / Equity
ESS
ESS
MTUS
MTUS
Q4 25
Q3 25
1.15×
0.00×
Q2 25
1.14×
0.00×
Q1 25
1.22×
0.01×
Q4 24
0.01×
Q3 24
1.18×
0.02×
Q2 24
1.13×
0.02×
Q1 24
1.19×
0.02×

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
MTUS
MTUS
Operating Cash FlowLast quarter
$1.1B
$-1.9M
Free Cash FlowOCF − Capex
$-37.2M
FCF MarginFCF / Revenue
-13.9%
Capex IntensityCapex / Revenue
13.2%
Cash ConversionOCF / Net Profit
12.53×
TTM Free Cash FlowTrailing 4 quarters
$-93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESS
ESS
MTUS
MTUS
Q4 25
$1.1B
$-1.9M
Q3 25
$342.6M
$22.0M
Q2 25
$216.1M
$34.8M
Q1 25
$281.5M
$-38.9M
Q4 24
$1.1B
$13.9M
Q3 24
$316.2M
$-15.3M
Q2 24
$218.9M
$8.3M
Q1 24
$314.9M
$33.4M
Free Cash Flow
ESS
ESS
MTUS
MTUS
Q4 25
$-37.2M
Q3 25
$-6.4M
Q2 25
$17.0M
Q1 25
$-66.4M
Q4 24
$-1.3M
Q3 24
$-32.9M
Q2 24
$-5.8M
Q1 24
$16.0M
FCF Margin
ESS
ESS
MTUS
MTUS
Q4 25
-13.9%
Q3 25
-2.1%
Q2 25
5.6%
Q1 25
-23.7%
Q4 24
-0.5%
Q3 24
-14.5%
Q2 24
-2.0%
Q1 24
5.0%
Capex Intensity
ESS
ESS
MTUS
MTUS
Q4 25
13.2%
Q3 25
9.3%
Q2 25
5.8%
Q1 25
9.8%
Q4 24
6.3%
Q3 24
7.7%
Q2 24
4.8%
Q1 24
5.4%
Cash Conversion
ESS
ESS
MTUS
MTUS
Q4 25
12.53×
Q3 25
1.98×
2.72×
Q2 25
0.93×
9.41×
Q1 25
1.32×
-29.92×
Q4 24
3.54×
Q3 24
2.52×
Q2 24
2.21×
1.80×
Q1 24
1.10×
1.39×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESS
ESS

Segment breakdown not available.

MTUS
MTUS

Industrial Market Sector$95.3M36%
Manufactured Components$67.8M25%
Aerospace And Defense$39.6M15%
Seamless Mechanical Tubing$31.3M12%
Energy Market Sector$18.3M7%
Other$11.3M4%
Other Market Sector$3.7M1%

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