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Side-by-side financial comparison of Essex Property Trust (ESS) and PROSPERITY BANCSHARES INC (PB). Click either name above to swap in a different company.

Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $367.6M, roughly 1.3× PROSPERITY BANCSHARES INC). PROSPERITY BANCSHARES INC runs the higher net margin — 31.6% vs 17.9%, a 13.7% gap on every dollar of revenue. Over the past eight quarters, PROSPERITY BANCSHARES INC's revenue compounded faster (19.2% 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.

Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma. As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including The Woodlands, Texas; 30 in South Texas, including Corpus Christi, Texas and Victoria, Texas; 75 in the Dallas–Fort Worth metroplex; 22 in East Texas; 29 in Central Texas, including Austin, Texas and San Antonio; 34 in West Texas, including Lubbock, Texas, Midland–Odess...

ESS vs PB — Head-to-Head

Bigger by revenue
ESS
ESS
1.3× larger
ESS
$479.6M
$367.6M
PB
Higher net margin
PB
PB
13.7% more per $
PB
31.6%
17.9%
ESS
Faster 2-yr revenue CAGR
PB
PB
Annualised
PB
19.2%
6.0%
ESS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ESS
ESS
PB
PB
Revenue
$479.6M
$367.6M
Net Profit
$85.7M
$116.3M
Gross Margin
70.0%
Operating Margin
31.7%
Net Margin
17.9%
31.6%
Revenue YoY
5.5%
Net Profit YoY
-71.6%
-10.7%
EPS (diluted)
$1.24
$1.16

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.

Revenue
ESS
ESS
PB
PB
Q1 26
$367.6M
Q4 25
$479.6M
$275.0M
Q3 25
$473.3M
$273.4M
Q2 25
$469.8M
$267.7M
Q1 25
$464.6M
$265.4M
Q4 24
$454.5M
$267.8M
Q3 24
$450.7M
$261.7M
Q2 24
$442.4M
$258.8M
Net Profit
ESS
ESS
PB
PB
Q1 26
$116.3M
Q4 25
$85.7M
$139.9M
Q3 25
$172.7M
$137.6M
Q2 25
$231.5M
$135.2M
Q1 25
$212.8M
$130.2M
Q4 24
$301.7M
$130.1M
Q3 24
$125.5M
$127.3M
Q2 24
$99.0M
$111.6M
Gross Margin
ESS
ESS
PB
PB
Q1 26
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%
Operating Margin
ESS
ESS
PB
PB
Q1 26
Q4 25
31.7%
65.1%
Q3 25
44.5%
64.4%
Q2 25
59.5%
64.3%
Q1 25
55.3%
62.7%
Q4 24
67.0%
62.0%
Q3 24
28.6%
62.1%
Q2 24
31.1%
55.2%
Net Margin
ESS
ESS
PB
PB
Q1 26
31.6%
Q4 25
17.9%
50.9%
Q3 25
36.5%
50.3%
Q2 25
49.3%
50.5%
Q1 25
45.8%
49.1%
Q4 24
66.4%
48.6%
Q3 24
27.8%
48.6%
Q2 24
22.4%
43.1%
EPS (diluted)
ESS
ESS
PB
PB
Q1 26
$1.16
Q4 25
$1.24
$1.48
Q3 25
$2.56
$1.45
Q2 25
$3.44
$1.42
Q1 25
$3.16
$1.37
Q4 24
$4.00
$1.36
Q3 24
$1.84
$1.34
Q2 24
$1.45
$1.17

Balance Sheet & Financial Strength

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

Metric
ESS
ESS
PB
PB
Cash + ST InvestmentsLiquidity on hand
$76.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.5B
$8.2B
Total Assets
$13.2B
$43.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
PB
PB
Q1 26
Q4 25
$76.2M
Q3 25
$66.0M
Q2 25
$58.7M
Q1 25
$98.7M
Q4 24
$66.8M
Q3 24
$71.3M
Q2 24
$55.2M
Total Debt
ESS
ESS
PB
PB
Q1 26
Q4 25
Q3 25
$6.4B
Q2 25
$6.4B
Q1 25
$6.8B
Q4 24
Q3 24
$6.4B
Q2 24
$6.2B
Stockholders' Equity
ESS
ESS
PB
PB
Q1 26
$8.2B
Q4 25
$5.5B
$7.6B
Q3 25
$5.6B
$7.7B
Q2 25
$5.6B
$7.6B
Q1 25
$5.6B
$7.5B
Q4 24
$5.5B
$7.4B
Q3 24
$5.4B
$7.4B
Q2 24
$5.5B
$7.3B
Total Assets
ESS
ESS
PB
PB
Q1 26
$43.6B
Q4 25
$13.2B
$38.5B
Q3 25
$13.2B
$38.3B
Q2 25
$13.2B
$38.4B
Q1 25
$13.2B
$38.8B
Q4 24
$12.9B
$39.6B
Q3 24
$12.6B
$40.1B
Q2 24
$12.5B
$39.8B
Debt / Equity
ESS
ESS
PB
PB
Q1 26
Q4 25
Q3 25
1.15×
Q2 25
1.14×
Q1 25
1.22×
Q4 24
Q3 24
1.18×
Q2 24
1.13×

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
PB
PB
Operating Cash FlowLast quarter
$1.1B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
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
PB
PB
Q1 26
Q4 25
$1.1B
$78.3M
Q3 25
$342.6M
$194.8M
Q2 25
$216.1M
$98.2M
Q1 25
$281.5M
$178.2M
Q4 24
$1.1B
$-205.8M
Q3 24
$316.2M
$274.6M
Q2 24
$218.9M
$216.5M
Free Cash Flow
ESS
ESS
PB
PB
Q1 26
Q4 25
$68.5M
Q3 25
$185.7M
Q2 25
$91.8M
Q1 25
$171.1M
Q4 24
$-210.7M
Q3 24
$270.2M
Q2 24
$211.8M
FCF Margin
ESS
ESS
PB
PB
Q1 26
Q4 25
24.9%
Q3 25
67.9%
Q2 25
34.3%
Q1 25
64.5%
Q4 24
-78.7%
Q3 24
103.3%
Q2 24
81.8%
Capex Intensity
ESS
ESS
PB
PB
Q1 26
Q4 25
3.6%
Q3 25
3.3%
Q2 25
2.4%
Q1 25
2.7%
Q4 24
1.8%
Q3 24
1.7%
Q2 24
1.8%
Cash Conversion
ESS
ESS
PB
PB
Q1 26
Q4 25
12.53×
0.56×
Q3 25
1.98×
1.42×
Q2 25
0.93×
0.73×
Q1 25
1.32×
1.37×
Q4 24
3.54×
-1.58×
Q3 24
2.52×
2.16×
Q2 24
2.21×
1.94×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESS
ESS

Segment breakdown not available.

PB
PB

Net Interest Income$321.1M87%
Noninterest Income$46.5M13%

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