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Side-by-side financial comparison of Essex Property Trust (ESS) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $242.1M, roughly 2.0× ONESPAWORLD HOLDINGS Ltd). Essex Property Trust runs the higher net margin — 17.9% vs 5.0%, a 12.9% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs 5.5%). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% 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.
ESS vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $242.1M |
| Net Profit | $85.7M | $12.1M |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | 6.8% |
| Net Margin | 17.9% | 5.0% |
| Revenue YoY | 5.5% | 11.5% |
| Net Profit YoY | -71.6% | -16.2% |
| EPS (diluted) | $1.24 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $473.3M | $258.5M | ||
| Q2 25 | $469.8M | $240.7M | ||
| Q1 25 | $464.6M | $219.6M | ||
| Q4 24 | $454.5M | $217.2M | ||
| Q3 24 | $450.7M | $241.7M | ||
| Q2 24 | $442.4M | $224.9M | ||
| Q1 24 | $426.9M | $211.2M |
| Q4 25 | $85.7M | $12.1M | ||
| Q3 25 | $172.7M | $24.3M | ||
| Q2 25 | $231.5M | $19.9M | ||
| Q1 25 | $212.8M | $15.3M | ||
| Q4 24 | $301.7M | $14.4M | ||
| Q3 24 | $125.5M | $21.6M | ||
| Q2 24 | $99.0M | $15.8M | ||
| Q1 24 | $285.1M | $21.2M |
| 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 24 | 69.7% | — |
| Q4 25 | 31.7% | 6.8% | ||
| Q3 25 | 44.5% | 10.2% | ||
| Q2 25 | 59.5% | 9.2% | ||
| Q1 25 | 55.3% | 7.7% | ||
| Q4 24 | 67.0% | 7.9% | ||
| Q3 24 | 28.6% | 10.3% | ||
| Q2 24 | 31.1% | 8.4% | ||
| Q1 24 | 31.0% | 8.0% |
| Q4 25 | 17.9% | 5.0% | ||
| Q3 25 | 36.5% | 9.4% | ||
| Q2 25 | 49.3% | 8.3% | ||
| Q1 25 | 45.8% | 7.0% | ||
| Q4 24 | 66.4% | 6.6% | ||
| Q3 24 | 27.8% | 8.9% | ||
| Q2 24 | 22.4% | 7.0% | ||
| Q1 24 | 66.8% | 10.0% |
| Q4 25 | $1.24 | $0.12 | ||
| Q3 25 | $2.56 | $0.23 | ||
| Q2 25 | $3.44 | $0.19 | ||
| Q1 25 | $3.16 | $0.15 | ||
| Q4 24 | $4.00 | $0.13 | ||
| Q3 24 | $1.84 | $0.20 | ||
| Q2 24 | $1.45 | $0.15 | ||
| Q1 24 | $4.25 | $0.21 |
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 | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $5.5B | $542.6M |
| Total Assets | $13.2B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $16.3M | ||
| Q3 25 | $66.0M | $29.6M | ||
| Q2 25 | $58.7M | $35.0M | ||
| Q1 25 | $98.7M | $22.6M | ||
| Q4 24 | $66.8M | $57.4M | ||
| Q3 24 | $71.3M | $48.8M | ||
| Q2 24 | $55.2M | $62.5M | ||
| Q1 24 | $499.0M | $65.4M |
| Q4 25 | — | $84.0M | ||
| Q3 25 | $6.4B | $85.2M | ||
| Q2 25 | $6.4B | $96.2M | ||
| Q1 25 | $6.8B | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | $6.4B | $98.7M | ||
| Q2 24 | $6.2B | $123.8M | ||
| Q1 24 | $6.6B | $138.6M |
| Q4 25 | $5.5B | $542.6M | ||
| Q3 25 | $5.6B | $552.8M | ||
| Q2 25 | $5.6B | $548.3M | ||
| Q1 25 | $5.6B | $530.6M | ||
| Q4 24 | $5.5B | $554.5M | ||
| Q3 24 | $5.4B | $540.1M | ||
| Q2 24 | $5.5B | $532.7M | ||
| Q1 24 | $5.5B | $515.5M |
| Q4 25 | $13.2B | $707.1M | ||
| Q3 25 | $13.2B | $732.6M | ||
| Q2 25 | $13.2B | $731.8M | ||
| Q1 25 | $13.2B | $708.7M | ||
| Q4 24 | $12.9B | $746.4M | ||
| Q3 24 | $12.6B | $734.0M | ||
| Q2 24 | $12.5B | $756.8M | ||
| Q1 24 | $12.9B | $763.6M |
| Q4 25 | — | 0.15× | ||
| Q3 25 | 1.15× | 0.15× | ||
| Q2 25 | 1.14× | 0.18× | ||
| Q1 25 | 1.22× | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | 1.18× | 0.18× | ||
| Q2 24 | 1.13× | 0.23× | ||
| Q1 24 | 1.19× | 0.27× |
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 | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | 12.53× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $20.0M | ||
| Q3 25 | $342.6M | $33.2M | ||
| Q2 25 | $216.1M | $20.3M | ||
| Q1 25 | $281.5M | $10.1M | ||
| Q4 24 | $1.1B | $16.6M | ||
| Q3 24 | $316.2M | $28.6M | ||
| Q2 24 | $218.9M | $18.7M | ||
| Q1 24 | $314.9M | $15.0M |
| Q4 25 | — | $14.9M | ||
| Q3 25 | — | $27.6M | ||
| Q2 25 | — | $17.6M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | — | $27.5M | ||
| Q2 24 | — | $17.6M | ||
| Q1 24 | — | $13.7M |
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | — | 7.8% | ||
| Q1 24 | — | 6.5% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | 12.53× | 1.65× | ||
| Q3 25 | 1.98× | 1.36× | ||
| Q2 25 | 0.93× | 1.02× | ||
| Q1 25 | 1.32× | 0.66× | ||
| Q4 24 | 3.54× | 1.15× | ||
| Q3 24 | 2.52× | 1.33× | ||
| Q2 24 | 2.21× | 1.19× | ||
| Q1 24 | 1.10× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
