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Side-by-side financial comparison of Essex Property Trust (ESS) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $330.5M, roughly 1.5× Paymentus Holdings, Inc.). Essex Property Trust runs the higher net margin — 17.9% vs 6.3%, a 11.6% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 5.5%). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% 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.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
ESS vs PAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $330.5M |
| Net Profit | $85.7M | $20.7M |
| Gross Margin | 70.0% | 25.4% |
| Operating Margin | 31.7% | 7.3% |
| Net Margin | 17.9% | 6.3% |
| Revenue YoY | 5.5% | 28.1% |
| Net Profit YoY | -71.6% | 57.2% |
| EPS (diluted) | $1.24 | $0.16 |
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 | $330.5M | ||
| Q3 25 | $473.3M | $310.7M | ||
| Q2 25 | $469.8M | $280.1M | ||
| Q1 25 | $464.6M | $275.2M | ||
| Q4 24 | $454.5M | $257.9M | ||
| Q3 24 | $450.7M | $231.6M | ||
| Q2 24 | $442.4M | $197.4M | ||
| Q1 24 | $426.9M | $184.9M |
| Q4 25 | $85.7M | $20.7M | ||
| Q3 25 | $172.7M | $17.7M | ||
| Q2 25 | $231.5M | $14.7M | ||
| Q1 25 | $212.8M | $13.8M | ||
| Q4 24 | $301.7M | $13.1M | ||
| Q3 24 | $125.5M | $14.4M | ||
| Q2 24 | $99.0M | $9.4M | ||
| Q1 24 | $285.1M | $7.2M |
| Q4 25 | 70.0% | 25.4% | ||
| Q3 25 | 69.2% | 24.1% | ||
| Q2 25 | 70.7% | 25.5% | ||
| Q1 25 | 69.6% | 24.0% | ||
| Q4 24 | 70.0% | 25.6% | ||
| Q3 24 | 69.5% | 26.2% | ||
| Q2 24 | 70.8% | 29.8% | ||
| Q1 24 | 69.7% | 28.5% |
| Q4 25 | 31.7% | 7.3% | ||
| Q3 25 | 44.5% | 6.4% | ||
| Q2 25 | 59.5% | 5.7% | ||
| Q1 25 | 55.3% | 5.7% | ||
| Q4 24 | 67.0% | 5.5% | ||
| Q3 24 | 28.6% | 5.2% | ||
| Q2 24 | 31.1% | 5.2% | ||
| Q1 24 | 31.0% | 4.5% |
| Q4 25 | 17.9% | 6.3% | ||
| Q3 25 | 36.5% | 5.7% | ||
| Q2 25 | 49.3% | 5.3% | ||
| Q1 25 | 45.8% | 5.0% | ||
| Q4 24 | 66.4% | 5.1% | ||
| Q3 24 | 27.8% | 6.2% | ||
| Q2 24 | 22.4% | 4.7% | ||
| Q1 24 | 66.8% | 3.9% |
| Q4 25 | $1.24 | $0.16 | ||
| Q3 25 | $2.56 | $0.14 | ||
| Q2 25 | $3.44 | $0.11 | ||
| Q1 25 | $3.16 | $0.11 | ||
| Q4 24 | $4.00 | $0.11 | ||
| Q3 24 | $1.84 | $0.11 | ||
| Q2 24 | $1.45 | $0.07 | ||
| Q1 24 | $4.25 | $0.06 |
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 | $320.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $560.4M |
| Total Assets | $13.2B | $667.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $320.9M | ||
| Q3 25 | $66.0M | $287.9M | ||
| Q2 25 | $58.7M | $266.4M | ||
| Q1 25 | $98.7M | $245.8M | ||
| Q4 24 | $66.8M | $205.9M | ||
| Q3 24 | $71.3M | $187.5M | ||
| Q2 24 | $55.2M | $188.8M | ||
| Q1 24 | $499.0M | $180.1M |
| Q4 25 | — | — | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.6B | — |
| Q4 25 | $5.5B | $560.4M | ||
| Q3 25 | $5.6B | $537.4M | ||
| Q2 25 | $5.6B | $516.7M | ||
| Q1 25 | $5.6B | $500.4M | ||
| Q4 24 | $5.5B | $485.6M | ||
| Q3 24 | $5.4B | $468.8M | ||
| Q2 24 | $5.5B | $451.6M | ||
| Q1 24 | $5.5B | $439.4M |
| Q4 25 | $13.2B | $667.9M | ||
| Q3 25 | $13.2B | $644.4M | ||
| Q2 25 | $13.2B | $609.5M | ||
| Q1 25 | $13.2B | $590.9M | ||
| Q4 24 | $12.9B | $576.2M | ||
| Q3 24 | $12.6B | $552.9M | ||
| Q2 24 | $12.5B | $527.7M | ||
| Q1 24 | $12.9B | $514.0M |
| Q4 25 | — | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | — | — | ||
| 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 | $45.1M |
| Free Cash FlowOCF − Capex | — | $45.0M |
| FCF MarginFCF / Revenue | — | 13.6% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 12.53× | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $45.1M | ||
| Q3 25 | $342.6M | $35.1M | ||
| Q2 25 | $216.1M | $31.5M | ||
| Q1 25 | $281.5M | $50.4M | ||
| Q4 24 | $1.1B | $27.9M | ||
| Q3 24 | $316.2M | $6.7M | ||
| Q2 24 | $218.9M | $18.0M | ||
| Q1 24 | $314.9M | $11.0M |
| Q4 25 | — | $45.0M | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | — | $31.4M | ||
| Q1 25 | — | $50.4M | ||
| Q4 24 | — | $27.8M | ||
| Q3 24 | — | $6.7M | ||
| Q2 24 | — | $17.8M | ||
| Q1 24 | — | $10.8M |
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 11.3% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 9.0% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 12.53× | 2.18× | ||
| Q3 25 | 1.98× | 1.98× | ||
| Q2 25 | 0.93× | 2.14× | ||
| Q1 25 | 1.32× | 3.65× | ||
| Q4 24 | 3.54× | 2.12× | ||
| Q3 24 | 2.52× | 0.47× | ||
| Q2 24 | 2.21× | 1.93× | ||
| Q1 24 | 1.10× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
