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

PHINIA INC. is the larger business by last-quarter revenue ($889.0M vs $479.6M, roughly 1.9× Essex Property Trust). On growth, PHINIA INC. posted the faster year-over-year revenue change (6.7% vs 5.5%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs 1.5%).

Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.

PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.

ESS vs PHIN — Head-to-Head

Bigger by revenue
PHIN
PHIN
1.9× larger
PHIN
$889.0M
$479.6M
ESS
Growing faster (revenue YoY)
PHIN
PHIN
+1.2% gap
PHIN
6.7%
5.5%
ESS
Faster 2-yr revenue CAGR
ESS
ESS
Annualised
ESS
6.0%
1.5%
PHIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESS
ESS
PHIN
PHIN
Revenue
$479.6M
$889.0M
Net Profit
$85.7M
Gross Margin
70.0%
21.7%
Operating Margin
31.7%
7.8%
Net Margin
17.9%
Revenue YoY
5.5%
6.7%
Net Profit YoY
-71.6%
EPS (diluted)
$1.24
$1.14

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
PHIN
PHIN
Q4 25
$479.6M
$889.0M
Q3 25
$473.3M
$908.0M
Q2 25
$469.8M
$890.0M
Q1 25
$464.6M
$796.0M
Q4 24
$454.5M
$833.0M
Q3 24
$450.7M
$839.0M
Q2 24
$442.4M
$868.0M
Q1 24
$426.9M
$863.0M
Net Profit
ESS
ESS
PHIN
PHIN
Q4 25
$85.7M
Q3 25
$172.7M
$13.0M
Q2 25
$231.5M
$46.0M
Q1 25
$212.8M
$26.0M
Q4 24
$301.7M
Q3 24
$125.5M
$31.0M
Q2 24
$99.0M
$14.0M
Q1 24
$285.1M
$29.0M
Gross Margin
ESS
ESS
PHIN
PHIN
Q4 25
70.0%
21.7%
Q3 25
69.2%
22.0%
Q2 25
70.7%
22.1%
Q1 25
69.6%
21.6%
Q4 24
70.0%
22.7%
Q3 24
69.5%
22.3%
Q2 24
70.8%
21.7%
Q1 24
69.7%
22.2%
Operating Margin
ESS
ESS
PHIN
PHIN
Q4 25
31.7%
7.8%
Q3 25
44.5%
3.7%
Q2 25
59.5%
10.0%
Q1 25
55.3%
7.8%
Q4 24
67.0%
6.1%
Q3 24
28.6%
7.9%
Q2 24
31.1%
8.2%
Q1 24
31.0%
8.2%
Net Margin
ESS
ESS
PHIN
PHIN
Q4 25
17.9%
Q3 25
36.5%
1.4%
Q2 25
49.3%
5.2%
Q1 25
45.8%
3.3%
Q4 24
66.4%
Q3 24
27.8%
3.7%
Q2 24
22.4%
1.6%
Q1 24
66.8%
3.4%
EPS (diluted)
ESS
ESS
PHIN
PHIN
Q4 25
$1.24
$1.14
Q3 25
$2.56
$0.33
Q2 25
$3.44
$1.14
Q1 25
$3.16
$0.63
Q4 24
$4.00
$0.13
Q3 24
$1.84
$0.70
Q2 24
$1.45
$0.31
Q1 24
$4.25
$0.62

Balance Sheet & Financial Strength

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

Metric
ESS
ESS
PHIN
PHIN
Cash + ST InvestmentsLiquidity on hand
$76.2M
$359.0M
Total DebtLower is stronger
$970.0M
Stockholders' EquityBook value
$5.5B
$1.6B
Total Assets
$13.2B
$3.8B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
PHIN
PHIN
Q4 25
$76.2M
$359.0M
Q3 25
$66.0M
$349.0M
Q2 25
$58.7M
$347.0M
Q1 25
$98.7M
$373.0M
Q4 24
$66.8M
$484.0M
Q3 24
$71.3M
$477.0M
Q2 24
$55.2M
$339.0M
Q1 24
$499.0M
$325.0M
Total Debt
ESS
ESS
PHIN
PHIN
Q4 25
$970.0M
Q3 25
$6.4B
$990.0M
Q2 25
$6.4B
$990.0M
Q1 25
$6.8B
$989.0M
Q4 24
$988.0M
Q3 24
$6.4B
$987.0M
Q2 24
$6.2B
$821.0M
Q1 24
$6.6B
$706.0M
Stockholders' Equity
ESS
ESS
PHIN
PHIN
Q4 25
$5.5B
$1.6B
Q3 25
$5.6B
$1.6B
Q2 25
$5.6B
$1.6B
Q1 25
$5.6B
$1.5B
Q4 24
$5.5B
$1.6B
Q3 24
$5.4B
$1.7B
Q2 24
$5.5B
$1.7B
Q1 24
$5.5B
$1.9B
Total Assets
ESS
ESS
PHIN
PHIN
Q4 25
$13.2B
$3.8B
Q3 25
$13.2B
$4.0B
Q2 25
$13.2B
$3.9B
Q1 25
$13.2B
$3.7B
Q4 24
$12.9B
$3.8B
Q3 24
$12.6B
$4.0B
Q2 24
$12.5B
$3.9B
Q1 24
$12.9B
$4.0B
Debt / Equity
ESS
ESS
PHIN
PHIN
Q4 25
0.61×
Q3 25
1.15×
0.62×
Q2 25
1.14×
0.61×
Q1 25
1.22×
0.64×
Q4 24
0.63×
Q3 24
1.18×
0.58×
Q2 24
1.13×
0.47×
Q1 24
1.19×
0.38×

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
PHIN
PHIN
Operating Cash FlowLast quarter
$1.1B
$96.0M
Free Cash FlowOCF − Capex
$67.0M
FCF MarginFCF / Revenue
7.5%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
12.53×
TTM Free Cash FlowTrailing 4 quarters
$188.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESS
ESS
PHIN
PHIN
Q4 25
$1.1B
$96.0M
Q3 25
$342.6M
$119.0M
Q2 25
$216.1M
$57.0M
Q1 25
$281.5M
$40.0M
Q4 24
$1.1B
$73.0M
Q3 24
$316.2M
$95.0M
Q2 24
$218.9M
$109.0M
Q1 24
$314.9M
$31.0M
Free Cash Flow
ESS
ESS
PHIN
PHIN
Q4 25
$67.0M
Q3 25
$93.0M
Q2 25
$23.0M
Q1 25
$5.0M
Q4 24
$53.0M
Q3 24
$70.0M
Q2 24
$92.0M
Q1 24
$-12.0M
FCF Margin
ESS
ESS
PHIN
PHIN
Q4 25
7.5%
Q3 25
10.2%
Q2 25
2.6%
Q1 25
0.6%
Q4 24
6.4%
Q3 24
8.3%
Q2 24
10.6%
Q1 24
-1.4%
Capex Intensity
ESS
ESS
PHIN
PHIN
Q4 25
3.3%
Q3 25
2.9%
Q2 25
3.8%
Q1 25
4.4%
Q4 24
2.4%
Q3 24
3.0%
Q2 24
2.0%
Q1 24
5.0%
Cash Conversion
ESS
ESS
PHIN
PHIN
Q4 25
12.53×
Q3 25
1.98×
9.15×
Q2 25
0.93×
1.24×
Q1 25
1.32×
1.54×
Q4 24
3.54×
Q3 24
2.52×
3.06×
Q2 24
2.21×
7.79×
Q1 24
1.10×
1.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESS
ESS

Segment breakdown not available.

PHIN
PHIN

Customer$618.0M70%
Fuel Systems$194.0M22%
Other$77.0M9%

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