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Side-by-side financial comparison of Essex Property Trust (ESS) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $430.0M, roughly 1.1× PEGASYSTEMS INC). Essex Property Trust runs the higher net margin — 17.9% vs 7.6%, a 10.3% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -9.6%). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
ESS vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $430.0M |
| Net Profit | $85.7M | $32.8M |
| Gross Margin | 70.0% | 75.2% |
| Operating Margin | 31.7% | 8.6% |
| Net Margin | 17.9% | 7.6% |
| Revenue YoY | 5.5% | -9.6% |
| Net Profit YoY | -71.6% | -61.6% |
| EPS (diluted) | $1.24 | $0.18 |
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.
| Q1 26 | — | $430.0M | ||
| Q4 25 | $479.6M | $504.3M | ||
| Q3 25 | $473.3M | $381.4M | ||
| Q2 25 | $469.8M | $384.5M | ||
| Q1 25 | $464.6M | $475.6M | ||
| Q4 24 | $454.5M | $490.8M | ||
| Q3 24 | $450.7M | $325.1M | ||
| Q2 24 | $442.4M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $85.7M | $234.6M | ||
| Q3 25 | $172.7M | $43.4M | ||
| Q2 25 | $231.5M | $30.1M | ||
| Q1 25 | $212.8M | $85.4M | ||
| Q4 24 | $301.7M | $119.1M | ||
| Q3 24 | $125.5M | $-14.4M | ||
| Q2 24 | $99.0M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 70.0% | 79.5% | ||
| Q3 25 | 69.2% | 72.2% | ||
| Q2 25 | 70.7% | 71.5% | ||
| Q1 25 | 69.6% | 78.5% | ||
| Q4 24 | 70.0% | 79.1% | ||
| Q3 24 | 69.5% | 70.2% | ||
| Q2 24 | 70.8% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 31.7% | 20.7% | ||
| Q3 25 | 44.5% | 3.8% | ||
| Q2 25 | 59.5% | 4.5% | ||
| Q1 25 | 55.3% | 26.7% | ||
| Q4 24 | 67.0% | 29.1% | ||
| Q3 24 | 28.6% | -3.6% | ||
| Q2 24 | 31.1% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 17.9% | 46.5% | ||
| Q3 25 | 36.5% | 11.4% | ||
| Q2 25 | 49.3% | 7.8% | ||
| Q1 25 | 45.8% | 18.0% | ||
| Q4 24 | 66.4% | 24.3% | ||
| Q3 24 | 27.8% | -4.4% | ||
| Q2 24 | 22.4% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $1.24 | $0.81 | ||
| Q3 25 | $2.56 | $0.24 | ||
| Q2 25 | $3.44 | $0.17 | ||
| Q1 25 | $3.16 | $0.91 | ||
| Q4 24 | $4.00 | $1.35 | ||
| Q3 24 | $1.84 | $-0.17 | ||
| Q2 24 | $1.45 | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $705.9M |
| Total Assets | $13.2B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $76.2M | $425.8M | ||
| Q3 25 | $66.0M | $351.4M | ||
| Q2 25 | $58.7M | $411.6M | ||
| Q1 25 | $98.7M | $371.7M | ||
| Q4 24 | $66.8M | $740.0M | ||
| Q3 24 | $71.3M | $703.0M | ||
| Q2 24 | $55.2M | $665.1M |
| 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 | — |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $5.5B | $787.4M | ||
| Q3 25 | $5.6B | $596.8M | ||
| Q2 25 | $5.6B | $624.5M | ||
| Q1 25 | $5.6B | $611.3M | ||
| Q4 24 | $5.5B | $585.5M | ||
| Q3 24 | $5.4B | $473.0M | ||
| Q2 24 | $5.5B | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $13.2B | $1.6B | ||
| Q3 25 | $13.2B | $1.3B | ||
| Q2 25 | $13.2B | $1.3B | ||
| Q1 25 | $13.2B | $1.3B | ||
| Q4 24 | $12.9B | $1.8B | ||
| Q3 24 | $12.6B | $1.6B | ||
| Q2 24 | $12.5B | $1.5B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.1B | — |
| Free Cash FlowOCF − Capex | — | $206.5M |
| FCF MarginFCF / Revenue | — | 48.0% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 12.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $158.4M | ||
| Q3 25 | $342.6M | $56.3M | ||
| Q2 25 | $216.1M | $86.3M | ||
| Q1 25 | $281.5M | $204.2M | ||
| Q4 24 | $1.1B | $95.2M | ||
| Q3 24 | $316.2M | $30.5M | ||
| Q2 24 | $218.9M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $51.8M | ||
| Q2 25 | — | $84.1M | ||
| Q1 25 | — | $202.3M | ||
| Q4 24 | — | $92.4M | ||
| Q3 24 | — | $27.4M | ||
| Q2 24 | — | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | — | 30.2% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 42.5% | ||
| Q4 24 | — | 18.8% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 12.53× | 0.68× | ||
| Q3 25 | 1.98× | 1.30× | ||
| Q2 25 | 0.93× | 2.87× | ||
| Q1 25 | 1.32× | 2.39× | ||
| Q4 24 | 3.54× | 0.80× | ||
| Q3 24 | 2.52× | — | ||
| Q2 24 | 2.21× | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
