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Side-by-side financial comparison of Essex Property Trust (ESS) and New Fortress Energy Inc. (NFE). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $326.2M, roughly 1.5× New Fortress Energy Inc.). Essex Property Trust runs the higher net margin — 17.9% vs -259.7%, a 277.5% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -7.0%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -26.8%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
ESS vs NFE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $326.2M |
| Net Profit | $85.7M | $-847.1M |
| Gross Margin | 70.0% | 35.5% |
| Operating Margin | 31.7% | -193.0% |
| Net Margin | 17.9% | -259.7% |
| Revenue YoY | 5.5% | -7.0% |
| Net Profit YoY | -71.6% | -277.4% |
| EPS (diluted) | $1.24 | $-3.03 |
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 | $326.2M | ||
| Q3 25 | $473.3M | $240.3M | ||
| Q2 25 | $469.8M | $228.1M | ||
| Q1 25 | $464.6M | $384.9M | ||
| Q4 24 | $454.5M | $350.7M | ||
| Q3 24 | $450.7M | $446.0M | ||
| Q2 24 | $442.4M | $291.2M | ||
| Q1 24 | $426.9M | $609.5M |
| Q4 25 | $85.7M | $-847.1M | ||
| Q3 25 | $172.7M | $-263.0M | ||
| Q2 25 | $231.5M | $-546.5M | ||
| Q1 25 | $212.8M | $-175.4M | ||
| Q4 24 | $301.7M | $-224.4M | ||
| Q3 24 | $125.5M | $9.3M | ||
| Q2 24 | $99.0M | $-88.9M | ||
| Q1 24 | $285.1M | $54.1M |
| Q4 25 | 70.0% | 35.5% | ||
| Q3 25 | 69.2% | 18.1% | ||
| Q2 25 | 70.7% | 8.4% | ||
| Q1 25 | 69.6% | 21.4% | ||
| Q4 24 | 70.0% | 17.6% | ||
| Q3 24 | 69.5% | 27.1% | ||
| Q2 24 | 70.8% | 23.8% | ||
| Q1 24 | 69.7% | 62.4% |
| Q4 25 | 31.7% | -193.0% | ||
| Q3 25 | 44.5% | -37.4% | ||
| Q2 25 | 59.5% | -170.3% | ||
| Q1 25 | 55.3% | -3.3% | ||
| Q4 24 | 67.0% | 65.0% | ||
| Q3 24 | 28.6% | 17.8% | ||
| Q2 24 | 31.1% | 12.3% | ||
| Q1 24 | 31.0% | 30.4% |
| Q4 25 | 17.9% | -259.7% | ||
| Q3 25 | 36.5% | -109.4% | ||
| Q2 25 | 49.3% | -239.6% | ||
| Q1 25 | 45.8% | -45.6% | ||
| Q4 24 | 66.4% | -64.0% | ||
| Q3 24 | 27.8% | 2.1% | ||
| Q2 24 | 22.4% | -30.5% | ||
| Q1 24 | 66.8% | 8.9% |
| Q4 25 | $1.24 | $-3.03 | ||
| Q3 25 | $2.56 | $-0.96 | ||
| Q2 25 | $3.44 | $-1.99 | ||
| Q1 25 | $3.16 | $-0.65 | ||
| Q4 24 | $4.00 | $-1.10 | ||
| Q3 24 | $1.84 | $0.03 | ||
| Q2 24 | $1.45 | $-0.42 | ||
| Q1 24 | $4.25 | $0.23 |
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 | $226.5M |
| Total DebtLower is stronger | — | $8.2B |
| Stockholders' EquityBook value | $5.5B | $182.6M |
| Total Assets | $13.2B | $10.6B |
| Debt / EquityLower = less leverage | — | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $226.5M | ||
| Q3 25 | $66.0M | $145.2M | ||
| Q2 25 | $58.7M | $551.1M | ||
| Q1 25 | $98.7M | $447.9M | ||
| Q4 24 | $66.8M | $492.9M | ||
| Q3 24 | $71.3M | $90.8M | ||
| Q2 24 | $55.2M | $133.0M | ||
| Q1 24 | $499.0M | $143.5M |
| Q4 25 | — | $8.2B | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | — | $8.9B | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.6B | — |
| Q4 25 | $5.5B | $182.6M | ||
| Q3 25 | $5.6B | $1.1B | ||
| Q2 25 | $5.6B | $1.3B | ||
| Q1 25 | $5.6B | $1.8B | ||
| Q4 24 | $5.5B | $1.9B | ||
| Q3 24 | $5.4B | $1.6B | ||
| Q2 24 | $5.5B | $1.6B | ||
| Q1 24 | $5.5B | $1.7B |
| Q4 25 | $13.2B | $10.6B | ||
| Q3 25 | $13.2B | $12.0B | ||
| Q2 25 | $13.2B | $12.0B | ||
| Q1 25 | $13.2B | $13.1B | ||
| Q4 24 | $12.9B | $12.9B | ||
| Q3 24 | $12.6B | $12.0B | ||
| Q2 24 | $12.5B | $11.4B | ||
| Q1 24 | $12.9B | $10.9B |
| Q4 25 | — | 44.78× | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | — | 4.74× | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 1.13× | — | ||
| Q1 24 | 1.19× | — |
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 | $-76.2M |
| Free Cash FlowOCF − Capex | — | $-134.8M |
| FCF MarginFCF / Revenue | — | -41.3% |
| Capex IntensityCapex / Revenue | — | 18.0% |
| Cash ConversionOCF / Net Profit | 12.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $-76.2M | ||
| Q3 25 | $342.6M | $-171.0M | ||
| Q2 25 | $216.1M | $-329.0M | ||
| Q1 25 | $281.5M | $-7.2M | ||
| Q4 24 | $1.1B | $445.3M | ||
| Q3 24 | $316.2M | $-20.0M | ||
| Q2 24 | $218.9M | $113.9M | ||
| Q1 24 | $314.9M | $63.0M |
| Q4 25 | — | $-134.8M | ||
| Q3 25 | — | $-231.6M | ||
| Q2 25 | — | $-726.7M | ||
| Q1 25 | — | $-262.3M | ||
| Q4 24 | — | $-210.3M | ||
| Q3 24 | — | $-367.0M | ||
| Q2 24 | — | $-493.2M | ||
| Q1 24 | — | $-457.9M |
| Q4 25 | — | -41.3% | ||
| Q3 25 | — | -96.4% | ||
| Q2 25 | — | -318.6% | ||
| Q1 25 | — | -68.2% | ||
| Q4 24 | — | -60.0% | ||
| Q3 24 | — | -82.3% | ||
| Q2 24 | — | -169.3% | ||
| Q1 24 | — | -75.1% |
| Q4 25 | — | 18.0% | ||
| Q3 25 | — | 25.2% | ||
| Q2 25 | — | 174.4% | ||
| Q1 25 | — | 66.3% | ||
| Q4 24 | — | 187.0% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 208.4% | ||
| Q1 24 | — | 85.5% |
| Q4 25 | 12.53× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 2.52× | -2.15× | ||
| Q2 24 | 2.21× | — | ||
| Q1 24 | 1.10× | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
