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Side-by-side financial comparison of Essex Property Trust (ESS) and PROCORE TECHNOLOGIES, INC. (PCOR). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $349.1M, roughly 1.4× PROCORE TECHNOLOGIES, INC.). Essex Property Trust runs the higher net margin — 17.9% vs -10.8%, a 28.6% gap on every dollar of revenue. On growth, PROCORE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (15.6% vs 5.5%). Over the past eight quarters, PROCORE TECHNOLOGIES, INC.'s revenue compounded faster (13.8% 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.
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
ESS vs PCOR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $349.1M |
| Net Profit | $85.7M | $-37.6M |
| Gross Margin | 70.0% | 80.1% |
| Operating Margin | 31.7% | -12.3% |
| Net Margin | 17.9% | -10.8% |
| Revenue YoY | 5.5% | 15.6% |
| Net Profit YoY | -71.6% | 39.6% |
| EPS (diluted) | $1.24 | $-0.25 |
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 | $349.1M | ||
| Q3 25 | $473.3M | $338.9M | ||
| Q2 25 | $469.8M | $323.9M | ||
| Q1 25 | $464.6M | $310.6M | ||
| Q4 24 | $454.5M | $302.0M | ||
| Q3 24 | $450.7M | $295.9M | ||
| Q2 24 | $442.4M | $284.3M | ||
| Q1 24 | $426.9M | $269.4M |
| Q4 25 | $85.7M | $-37.6M | ||
| Q3 25 | $172.7M | $-9.1M | ||
| Q2 25 | $231.5M | $-21.1M | ||
| Q1 25 | $212.8M | $-33.0M | ||
| Q4 24 | $301.7M | $-62.3M | ||
| Q3 24 | $125.5M | $-26.4M | ||
| Q2 24 | $99.0M | $-6.3M | ||
| Q1 24 | $285.1M | $-11.0M |
| Q4 25 | 70.0% | 80.1% | ||
| Q3 25 | 69.2% | 79.7% | ||
| Q2 25 | 70.7% | 79.1% | ||
| Q1 25 | 69.6% | 79.1% | ||
| Q4 24 | 70.0% | 81.2% | ||
| Q3 24 | 69.5% | 81.4% | ||
| Q2 24 | 70.8% | 83.1% | ||
| Q1 24 | 69.7% | 83.0% |
| Q4 25 | 31.7% | -12.3% | ||
| Q3 25 | 44.5% | -4.4% | ||
| Q2 25 | 59.5% | -9.3% | ||
| Q1 25 | 55.3% | -11.7% | ||
| Q4 24 | 67.0% | -21.9% | ||
| Q3 24 | 28.6% | -12.3% | ||
| Q2 24 | 31.1% | -5.2% | ||
| Q1 24 | 31.0% | -7.0% |
| Q4 25 | 17.9% | -10.8% | ||
| Q3 25 | 36.5% | -2.7% | ||
| Q2 25 | 49.3% | -6.5% | ||
| Q1 25 | 45.8% | -10.6% | ||
| Q4 24 | 66.4% | -20.6% | ||
| Q3 24 | 27.8% | -8.9% | ||
| Q2 24 | 22.4% | -2.2% | ||
| Q1 24 | 66.8% | -4.1% |
| Q4 25 | $1.24 | $-0.25 | ||
| Q3 25 | $2.56 | $-0.06 | ||
| Q2 25 | $3.44 | $-0.14 | ||
| Q1 25 | $3.16 | $-0.22 | ||
| Q4 24 | $4.00 | $-0.42 | ||
| Q3 24 | $1.84 | $-0.18 | ||
| Q2 24 | $1.45 | $-0.04 | ||
| Q1 24 | $4.25 | $-0.08 |
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 | $768.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $1.3B |
| Total Assets | $13.2B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $768.5M | ||
| Q3 25 | $66.0M | $684.0M | ||
| Q2 25 | $58.7M | $620.9M | ||
| Q1 25 | $98.7M | $566.7M | ||
| Q4 24 | $66.8M | $775.4M | ||
| Q3 24 | $71.3M | $756.9M | ||
| Q2 24 | $55.2M | $735.4M | ||
| Q1 24 | $499.0M | $744.6M |
| 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 | $1.3B | ||
| Q3 25 | $5.6B | $1.2B | ||
| Q2 25 | $5.6B | $1.2B | ||
| Q1 25 | $5.6B | $1.2B | ||
| Q4 24 | $5.5B | $1.3B | ||
| Q3 24 | $5.4B | $1.3B | ||
| Q2 24 | $5.5B | $1.3B | ||
| Q1 24 | $5.5B | $1.2B |
| Q4 25 | $13.2B | $2.2B | ||
| Q3 25 | $13.2B | $2.1B | ||
| Q2 25 | $13.2B | $2.0B | ||
| Q1 25 | $13.2B | $1.9B | ||
| Q4 24 | $12.9B | $2.1B | ||
| Q3 24 | $12.6B | $2.0B | ||
| Q2 24 | $12.5B | $2.0B | ||
| Q1 24 | $12.9B | $1.9B |
| 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 | $114.9M |
| Free Cash FlowOCF − Capex | — | $109.2M |
| FCF MarginFCF / Revenue | — | 31.3% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | 12.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $282.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $114.9M | ||
| Q3 25 | $342.6M | $88.5M | ||
| Q2 25 | $216.1M | $30.8M | ||
| Q1 25 | $281.5M | $66.0M | ||
| Q4 24 | $1.1B | $29.1M | ||
| Q3 24 | $316.2M | $39.3M | ||
| Q2 24 | $218.9M | $58.7M | ||
| Q1 24 | $314.9M | $69.1M |
| Q4 25 | — | $109.2M | ||
| Q3 25 | — | $83.1M | ||
| Q2 25 | — | $27.9M | ||
| Q1 25 | — | $62.0M | ||
| Q4 24 | — | $17.4M | ||
| Q3 24 | — | $35.7M | ||
| Q2 24 | — | $56.8M | ||
| Q1 24 | — | $67.1M |
| Q4 25 | — | 31.3% | ||
| Q3 25 | — | 24.5% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 20.0% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 12.1% | ||
| Q2 24 | — | 20.0% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | 12.53× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 2.52× | — | ||
| Q2 24 | 2.21× | — | ||
| Q1 24 | 1.10× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
