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

NEWMARKET CORP is the larger business by last-quarter revenue ($669.7M vs $479.6M, roughly 1.4× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs 17.6%, a 0.2% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -4.5%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -2.9%).

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

NewMarket Corporation, is a publicly traded American company that primarily serves the petroleum additives industry. The company is based in Richmond, Virginia, and has operations in North America, Latin America, Europe, the Middle East and Asia Pacific. The company's predecessor, the Albemarle Paper Manufacturing Company, was founded in 1887.

ESS vs NEU — Head-to-Head

Bigger by revenue
NEU
NEU
1.4× larger
NEU
$669.7M
$479.6M
ESS
Growing faster (revenue YoY)
ESS
ESS
+10.0% gap
ESS
5.5%
-4.5%
NEU
Higher net margin
ESS
ESS
0.2% more per $
ESS
17.9%
17.6%
NEU
Faster 2-yr revenue CAGR
ESS
ESS
Annualised
ESS
6.0%
-2.9%
NEU

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ESS
ESS
NEU
NEU
Revenue
$479.6M
$669.7M
Net Profit
$85.7M
$118.1M
Gross Margin
70.0%
33.0%
Operating Margin
31.7%
21.4%
Net Margin
17.9%
17.6%
Revenue YoY
5.5%
-4.5%
Net Profit YoY
-71.6%
-6.3%
EPS (diluted)
$1.24
$12.62

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
NEU
NEU
Q1 26
$669.7M
Q4 25
$479.6M
$635.4M
Q3 25
$473.3M
$690.3M
Q2 25
$469.8M
$698.5M
Q1 25
$464.6M
$700.9M
Q4 24
$454.5M
$654.6M
Q3 24
$450.7M
$724.9M
Q2 24
$442.4M
$710.2M
Net Profit
ESS
ESS
NEU
NEU
Q1 26
$118.1M
Q4 25
$85.7M
$81.3M
Q3 25
$172.7M
$100.3M
Q2 25
$231.5M
$111.2M
Q1 25
$212.8M
$125.9M
Q4 24
$301.7M
$110.7M
Q3 24
$125.5M
$132.3M
Q2 24
$99.0M
$111.6M
Gross Margin
ESS
ESS
NEU
NEU
Q1 26
33.0%
Q4 25
70.0%
30.0%
Q3 25
69.2%
30.4%
Q2 25
70.7%
31.6%
Q1 25
69.6%
33.7%
Q4 24
70.0%
31.7%
Q3 24
69.5%
33.6%
Q2 24
70.8%
30.8%
Operating Margin
ESS
ESS
NEU
NEU
Q1 26
21.4%
Q4 25
31.7%
17.3%
Q3 25
44.5%
18.9%
Q2 25
59.5%
20.5%
Q1 25
55.3%
22.8%
Q4 24
67.0%
20.3%
Q3 24
28.6%
23.4%
Q2 24
31.1%
20.7%
Net Margin
ESS
ESS
NEU
NEU
Q1 26
17.6%
Q4 25
17.9%
12.8%
Q3 25
36.5%
14.5%
Q2 25
49.3%
15.9%
Q1 25
45.8%
18.0%
Q4 24
66.4%
16.9%
Q3 24
27.8%
18.3%
Q2 24
22.4%
15.7%
EPS (diluted)
ESS
ESS
NEU
NEU
Q1 26
$12.62
Q4 25
$1.24
$8.67
Q3 25
$2.56
$10.67
Q2 25
$3.44
$11.84
Q1 25
$3.16
$13.26
Q4 24
$4.00
$11.57
Q3 24
$1.84
$13.79
Q2 24
$1.45
$11.63

Balance Sheet & Financial Strength

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

Metric
ESS
ESS
NEU
NEU
Cash + ST InvestmentsLiquidity on hand
$76.2M
$73.2M
Total DebtLower is stronger
$939.6M
Stockholders' EquityBook value
$5.5B
$1.7B
Total Assets
$13.2B
$3.5B
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
NEU
NEU
Q1 26
$73.2M
Q4 25
$76.2M
$77.6M
Q3 25
$66.0M
$102.5M
Q2 25
$58.7M
$70.3M
Q1 25
$98.7M
$118.3M
Q4 24
$66.8M
$77.5M
Q3 24
$71.3M
$80.3M
Q2 24
$55.2M
$87.6M
Total Debt
ESS
ESS
NEU
NEU
Q1 26
$939.6M
Q4 25
$883.4M
Q3 25
$6.4B
$783.1M
Q2 25
$6.4B
$841.8M
Q1 25
$6.8B
$990.6M
Q4 24
$971.3M
Q3 24
$6.4B
$1.1B
Q2 24
$6.2B
$1.2B
Stockholders' Equity
ESS
ESS
NEU
NEU
Q1 26
$1.7B
Q4 25
$5.5B
$1.8B
Q3 25
$5.6B
$1.7B
Q2 25
$5.6B
$1.6B
Q1 25
$5.6B
$1.5B
Q4 24
$5.5B
$1.5B
Q3 24
$5.4B
$1.4B
Q2 24
$5.5B
$1.2B
Total Assets
ESS
ESS
NEU
NEU
Q1 26
$3.5B
Q4 25
$13.2B
$3.5B
Q3 25
$13.2B
$3.2B
Q2 25
$13.2B
$3.2B
Q1 25
$13.2B
$3.2B
Q4 24
$12.9B
$3.1B
Q3 24
$12.6B
$3.2B
Q2 24
$12.5B
$3.2B
Debt / Equity
ESS
ESS
NEU
NEU
Q1 26
0.54×
Q4 25
0.50×
Q3 25
1.15×
0.46×
Q2 25
1.14×
0.52×
Q1 25
1.22×
0.65×
Q4 24
0.66×
Q3 24
1.18×
0.80×
Q2 24
1.13×
0.95×

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
NEU
NEU
Operating Cash FlowLast quarter
$1.1B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
3.6%
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
NEU
NEU
Q1 26
Q4 25
$1.1B
$145.2M
Q3 25
$342.6M
$142.4M
Q2 25
$216.1M
$161.1M
Q1 25
$281.5M
$120.3M
Q4 24
$1.1B
$185.2M
Q3 24
$316.2M
$116.6M
Q2 24
$218.9M
$115.0M
Free Cash Flow
ESS
ESS
NEU
NEU
Q1 26
Q4 25
$117.2M
Q3 25
$122.1M
Q2 25
$144.8M
Q1 25
$107.3M
Q4 24
$170.6M
Q3 24
$102.4M
Q2 24
$100.0M
FCF Margin
ESS
ESS
NEU
NEU
Q1 26
Q4 25
18.4%
Q3 25
17.7%
Q2 25
20.7%
Q1 25
15.3%
Q4 24
26.1%
Q3 24
14.1%
Q2 24
14.1%
Capex Intensity
ESS
ESS
NEU
NEU
Q1 26
3.6%
Q4 25
4.4%
Q3 25
2.9%
Q2 25
2.3%
Q1 25
1.9%
Q4 24
2.2%
Q3 24
2.0%
Q2 24
2.1%
Cash Conversion
ESS
ESS
NEU
NEU
Q1 26
Q4 25
12.53×
1.79×
Q3 25
1.98×
1.42×
Q2 25
0.93×
1.45×
Q1 25
1.32×
0.96×
Q4 24
3.54×
1.67×
Q3 24
2.52×
0.88×
Q2 24
2.21×
1.03×

Financial Flow Comparison

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

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