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Side-by-side financial comparison of Essex Property Trust (ESS) and PJT Partners Inc. (PJT). Click either name above to swap in a different company.
PJT Partners Inc. is the larger business by last-quarter revenue ($531.4M vs $479.6M, roughly 1.1× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs 10.0%, a 7.8% gap on every dollar of revenue. On growth, PJT Partners Inc. posted the faster year-over-year revenue change (12.9% vs 5.5%). Over the past eight quarters, PJT Partners Inc.'s revenue compounded faster (27.5% 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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
ESS vs PJT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $531.4M |
| Net Profit | $85.7M | $53.4M |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | 23.1% |
| Net Margin | 17.9% | 10.0% |
| Revenue YoY | 5.5% | 12.9% |
| Net Profit YoY | -71.6% | 4.0% |
| EPS (diluted) | $1.24 | — |
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 | $531.4M | ||
| Q3 25 | $473.3M | $442.3M | ||
| Q2 25 | $469.8M | $401.1M | ||
| Q1 25 | $464.6M | $321.9M | ||
| Q4 24 | $454.5M | $470.5M | ||
| Q3 24 | $450.7M | $320.3M | ||
| Q2 24 | $442.4M | $358.1M | ||
| Q1 24 | $426.9M | $327.1M |
| Q4 25 | $85.7M | $53.4M | ||
| Q3 25 | $172.7M | $39.8M | ||
| Q2 25 | $231.5M | $32.9M | ||
| Q1 25 | $212.8M | $54.0M | ||
| Q4 24 | $301.7M | $51.3M | ||
| Q3 24 | $125.5M | $22.1M | ||
| Q2 24 | $99.0M | $28.3M | ||
| Q1 24 | $285.1M | $32.6M |
| 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% | — | ||
| Q1 24 | 69.7% | — |
| Q4 25 | 31.7% | 23.1% | ||
| Q3 25 | 44.5% | 20.6% | ||
| Q2 25 | 59.5% | 19.1% | ||
| Q1 25 | 55.3% | 16.3% | ||
| Q4 24 | 67.0% | 21.9% | ||
| Q3 24 | 28.6% | 15.4% | ||
| Q2 24 | 31.1% | 18.0% | ||
| Q1 24 | 31.0% | 16.5% |
| Q4 25 | 17.9% | 10.0% | ||
| Q3 25 | 36.5% | 9.0% | ||
| Q2 25 | 49.3% | 8.2% | ||
| Q1 25 | 45.8% | 16.8% | ||
| Q4 24 | 66.4% | 10.9% | ||
| Q3 24 | 27.8% | 6.9% | ||
| Q2 24 | 22.4% | 7.9% | ||
| Q1 24 | 66.8% | 10.0% |
| Q4 25 | $1.24 | — | ||
| Q3 25 | $2.56 | — | ||
| Q2 25 | $3.44 | — | ||
| Q1 25 | $3.16 | — | ||
| Q4 24 | $4.00 | — | ||
| Q3 24 | $1.84 | — | ||
| Q2 24 | $1.45 | — | ||
| Q1 24 | $4.25 | — |
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 | $538.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $308.2M |
| Total Assets | $13.2B | $1.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $538.9M | ||
| Q3 25 | $66.0M | $400.5M | ||
| Q2 25 | $58.7M | $214.6M | ||
| Q1 25 | $98.7M | $194.3M | ||
| Q4 24 | $66.8M | $483.9M | ||
| Q3 24 | $71.3M | $148.8M | ||
| Q2 24 | $55.2M | $164.2M | ||
| Q1 24 | $499.0M | $215.5M |
| 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 | $308.2M | ||
| Q3 25 | $5.6B | $228.6M | ||
| Q2 25 | $5.6B | $167.4M | ||
| Q1 25 | $5.6B | $148.8M | ||
| Q4 24 | $5.5B | $187.0M | ||
| Q3 24 | $5.4B | $159.1M | ||
| Q2 24 | $5.5B | $133.8M | ||
| Q1 24 | $5.5B | $174.6M |
| Q4 25 | $13.2B | $1.8B | ||
| Q3 25 | $13.2B | $1.7B | ||
| Q2 25 | $13.2B | $1.5B | ||
| Q1 25 | $13.2B | $1.4B | ||
| Q4 24 | $12.9B | $1.6B | ||
| Q3 24 | $12.6B | $1.6B | ||
| Q2 24 | $12.5B | $1.4B | ||
| Q1 24 | $12.9B | $1.3B |
| 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 | $155.7M |
| Free Cash FlowOCF − Capex | — | $138.6M |
| FCF MarginFCF / Revenue | — | 26.1% |
| Capex IntensityCapex / Revenue | — | 3.2% |
| Cash ConversionOCF / Net Profit | 12.53× | 2.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | $480.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $155.7M | ||
| Q3 25 | $342.6M | $256.1M | ||
| Q2 25 | $216.1M | $190.4M | ||
| Q1 25 | $281.5M | $-75.9M | ||
| Q4 24 | $1.1B | $195.7M | ||
| Q3 24 | $316.2M | $180.5M | ||
| Q2 24 | $218.9M | $193.6M | ||
| Q1 24 | $314.9M | $-38.8M |
| Q4 25 | — | $138.6M | ||
| Q3 25 | — | $240.9M | ||
| Q2 25 | — | $178.9M | ||
| Q1 25 | — | $-77.9M | ||
| Q4 24 | — | $195.3M | ||
| Q3 24 | — | $178.5M | ||
| Q2 24 | — | $193.0M | ||
| Q1 24 | — | $-39.2M |
| Q4 25 | — | 26.1% | ||
| Q3 25 | — | 54.5% | ||
| Q2 25 | — | 44.6% | ||
| Q1 25 | — | -24.2% | ||
| Q4 24 | — | 41.5% | ||
| Q3 24 | — | 55.7% | ||
| Q2 24 | — | 53.9% | ||
| Q1 24 | — | -12.0% |
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 12.53× | 2.92× | ||
| Q3 25 | 1.98× | 6.43× | ||
| Q2 25 | 0.93× | 5.79× | ||
| Q1 25 | 1.32× | -1.41× | ||
| Q4 24 | 3.54× | 3.81× | ||
| Q3 24 | 2.52× | 8.15× | ||
| Q2 24 | 2.21× | 6.84× | ||
| Q1 24 | 1.10× | -1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
