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Side-by-side financial comparison of Essex Property Trust (ESS) and Paylocity Holding Corp (PCTY). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $387.0M, roughly 1.2× Paylocity Holding Corp). Essex Property Trust runs the higher net margin — 17.9% vs 13.0%, a 4.9% gap on every dollar of revenue. On growth, Paylocity Holding Corp posted the faster year-over-year revenue change (11.3% vs 5.5%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs 2.7%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
Paylocity Holding Corporation is an American provider of cloud-based payroll, , spend management, and human capital management (HCM) software.
ESS vs PCTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $387.0M |
| Net Profit | $85.7M | $50.2M |
| Gross Margin | 70.0% | 72.9% |
| Operating Margin | 31.7% | 18.2% |
| Net Margin | 17.9% | 13.0% |
| Revenue YoY | 5.5% | 11.3% |
| Net Profit YoY | -71.6% | 34.0% |
| EPS (diluted) | $1.24 | $0.92 |
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 | $387.0M | ||
| Q3 25 | $473.3M | $378.9M | ||
| Q2 25 | $469.8M | $369.9M | ||
| Q1 25 | $464.6M | $421.1M | ||
| Q4 24 | $454.5M | $347.7M | ||
| Q3 24 | $450.7M | $333.1M | ||
| Q2 24 | $442.4M | $324.7M | ||
| Q1 24 | $426.9M | $366.8M |
| Q4 25 | $85.7M | $50.2M | ||
| Q3 25 | $172.7M | $48.0M | ||
| Q2 25 | $231.5M | $48.6M | ||
| Q1 25 | $212.8M | $91.5M | ||
| Q4 24 | $301.7M | $37.5M | ||
| Q3 24 | $125.5M | $49.6M | ||
| Q2 24 | $99.0M | $48.8M | ||
| Q1 24 | $285.1M | $85.3M |
| Q4 25 | 70.0% | 72.9% | ||
| Q3 25 | 69.2% | 73.9% | ||
| Q2 25 | 70.7% | 73.5% | ||
| Q1 25 | 69.6% | 77.1% | ||
| Q4 24 | 70.0% | 72.6% | ||
| Q3 24 | 69.5% | 74.4% | ||
| Q2 24 | 70.8% | 74.0% | ||
| Q1 24 | 69.7% | 77.8% |
| Q4 25 | 31.7% | 18.2% | ||
| Q3 25 | 44.5% | 19.6% | ||
| Q2 25 | 59.5% | 17.9% | ||
| Q1 25 | 55.3% | 30.2% | ||
| Q4 24 | 67.0% | 13.4% | ||
| Q3 24 | 28.6% | 19.3% | ||
| Q2 24 | 31.1% | 19.4% | ||
| Q1 24 | 31.0% | 29.0% |
| Q4 25 | 17.9% | 13.0% | ||
| Q3 25 | 36.5% | 12.7% | ||
| Q2 25 | 49.3% | 13.1% | ||
| Q1 25 | 45.8% | 21.7% | ||
| Q4 24 | 66.4% | 10.8% | ||
| Q3 24 | 27.8% | 14.9% | ||
| Q2 24 | 22.4% | 15.0% | ||
| Q1 24 | 66.8% | 23.3% |
| Q4 25 | $1.24 | $0.92 | ||
| Q3 25 | $2.56 | $0.86 | ||
| Q2 25 | $3.44 | $0.87 | ||
| Q1 25 | $3.16 | $1.61 | ||
| Q4 24 | $4.00 | $0.66 | ||
| Q3 24 | $1.84 | $0.88 | ||
| Q2 24 | $1.45 | $0.85 | ||
| Q1 24 | $4.25 | $1.50 |
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 | $162.5M |
| Total DebtLower is stronger | — | $81.3M |
| Stockholders' EquityBook value | $5.5B | $1.1B |
| Total Assets | $13.2B | $7.0B |
| Debt / EquityLower = less leverage | — | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $162.5M | ||
| Q3 25 | $66.0M | $165.2M | ||
| Q2 25 | $58.7M | $398.1M | ||
| Q1 25 | $98.7M | $477.8M | ||
| Q4 24 | $66.8M | $482.4M | ||
| Q3 24 | $71.3M | $778.5M | ||
| Q2 24 | $55.2M | $401.8M | ||
| Q1 24 | $499.0M | $492.7M |
| Q4 25 | — | $81.3M | ||
| Q3 25 | $6.4B | $81.3M | ||
| Q2 25 | $6.4B | $162.5M | ||
| Q1 25 | $6.8B | $243.8M | ||
| Q4 24 | — | $325.0M | ||
| Q3 24 | $6.4B | $325.0M | ||
| Q2 24 | $6.2B | $0 | ||
| Q1 24 | $6.6B | — |
| Q4 25 | $5.5B | $1.1B | ||
| Q3 25 | $5.6B | $1.1B | ||
| Q2 25 | $5.6B | $1.2B | ||
| Q1 25 | $5.6B | $1.2B | ||
| Q4 24 | $5.5B | $1.2B | ||
| Q3 24 | $5.4B | $1.1B | ||
| Q2 24 | $5.5B | $1.0B | ||
| Q1 24 | $5.5B | $1.1B |
| Q4 25 | $13.2B | $7.0B | ||
| Q3 25 | $13.2B | $4.2B | ||
| Q2 25 | $13.2B | $4.4B | ||
| Q1 25 | $13.2B | $5.2B | ||
| Q4 24 | $12.9B | $5.3B | ||
| Q3 24 | $12.6B | $4.0B | ||
| Q2 24 | $12.5B | $4.2B | ||
| Q1 24 | $12.9B | $5.0B |
| Q4 25 | — | 0.07× | ||
| Q3 25 | 1.15× | 0.07× | ||
| Q2 25 | 1.14× | 0.13× | ||
| Q1 25 | 1.22× | 0.20× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | 1.18× | 0.29× | ||
| Q2 24 | 1.13× | 0.00× | ||
| 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 | $117.0M |
| Free Cash FlowOCF − Capex | — | $113.6M |
| FCF MarginFCF / Revenue | — | 29.4% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 12.53× | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $461.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $117.0M | ||
| Q3 25 | $342.6M | $86.5M | ||
| Q2 25 | $216.1M | $86.6M | ||
| Q1 25 | $281.5M | $186.0M | ||
| Q4 24 | $1.1B | $54.2M | ||
| Q3 24 | $316.2M | $91.5M | ||
| Q2 24 | $218.9M | $79.9M | ||
| Q1 24 | $314.9M | $167.5M |
| Q4 25 | — | $113.6M | ||
| Q3 25 | — | $82.7M | ||
| Q2 25 | — | $81.1M | ||
| Q1 25 | — | $183.7M | ||
| Q4 24 | — | $51.2M | ||
| Q3 24 | — | $89.1M | ||
| Q2 24 | — | $73.6M | ||
| Q1 24 | — | $162.0M |
| Q4 25 | — | 29.4% | ||
| Q3 25 | — | 21.8% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 26.8% | ||
| Q2 24 | — | 22.7% | ||
| Q1 24 | — | 44.2% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | 12.53× | 2.33× | ||
| Q3 25 | 1.98× | 1.80× | ||
| Q2 25 | 0.93× | 1.78× | ||
| Q1 25 | 1.32× | 2.03× | ||
| Q4 24 | 3.54× | 1.45× | ||
| Q3 24 | 2.52× | 1.84× | ||
| Q2 24 | 2.21× | 1.64× | ||
| Q1 24 | 1.10× | 1.96× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
PCTY
| Recurring Fees | $370.1M | 96% |
| Implementation Services And Other | $16.9M | 4% |
