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Side-by-side financial comparison of Essex Property Trust (ESS) and Park Hotels & Resorts Inc. (PK). Click either name above to swap in a different company.
Park Hotels & Resorts Inc. is the larger business by last-quarter revenue ($630.0M vs $479.6M, roughly 1.3× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs 1.9%, a 16.0% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -1.3%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -4.2%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
ESS vs PK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $630.0M |
| Net Profit | $85.7M | $12.0M |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | 9.8% |
| Net Margin | 17.9% | 1.9% |
| Revenue YoY | 5.5% | -1.3% |
| Net Profit YoY | -71.6% | 121.1% |
| EPS (diluted) | $1.24 | $0.05 |
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 | — | $630.0M | ||
| Q4 25 | $479.6M | $629.0M | ||
| Q3 25 | $473.3M | $610.0M | ||
| Q2 25 | $469.8M | $672.0M | ||
| Q1 25 | $464.6M | $630.0M | ||
| Q4 24 | $454.5M | $625.0M | ||
| Q3 24 | $450.7M | $649.0M | ||
| Q2 24 | $442.4M | $686.0M |
| Q1 26 | — | $12.0M | ||
| Q4 25 | $85.7M | $-205.0M | ||
| Q3 25 | $172.7M | $-16.0M | ||
| Q2 25 | $231.5M | $-5.0M | ||
| Q1 25 | $212.8M | $-57.0M | ||
| Q4 24 | $301.7M | $66.0M | ||
| Q3 24 | $125.5M | $54.0M | ||
| Q2 24 | $99.0M | $64.0M |
| Q1 26 | — | — | ||
| 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 26 | — | 9.8% | ||
| Q4 25 | 31.7% | -26.1% | ||
| Q3 25 | 44.5% | 9.7% | ||
| Q2 25 | 59.5% | 9.7% | ||
| Q1 25 | 55.3% | 1.1% | ||
| Q4 24 | 67.0% | 13.3% | ||
| Q3 24 | 28.6% | 14.6% | ||
| Q2 24 | 31.1% | 17.6% |
| Q1 26 | — | 1.9% | ||
| Q4 25 | 17.9% | -32.6% | ||
| Q3 25 | 36.5% | -2.6% | ||
| Q2 25 | 49.3% | -0.7% | ||
| Q1 25 | 45.8% | -9.0% | ||
| Q4 24 | 66.4% | 10.6% | ||
| Q3 24 | 27.8% | 8.3% | ||
| Q2 24 | 22.4% | 9.3% |
| Q1 26 | — | $0.05 | ||
| Q4 25 | $1.24 | $-1.04 | ||
| Q3 25 | $2.56 | $-0.08 | ||
| Q2 25 | $3.44 | $-0.02 | ||
| Q1 25 | $3.16 | $-0.29 | ||
| Q4 24 | $4.00 | $0.32 | ||
| Q3 24 | $1.84 | $0.26 | ||
| Q2 24 | $1.45 | $0.30 |
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 | $156.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $3.1B |
| Total Assets | $13.2B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $156.0M | ||
| Q4 25 | $76.2M | $232.0M | ||
| Q3 25 | $66.0M | $278.0M | ||
| Q2 25 | $58.7M | $319.0M | ||
| Q1 25 | $98.7M | $233.0M | ||
| Q4 24 | $66.8M | $402.0M | ||
| Q3 24 | $71.3M | $480.0M | ||
| Q2 24 | $55.2M | $449.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.9B | ||
| Q3 25 | $6.4B | $3.9B | ||
| Q2 25 | $6.4B | $3.9B | ||
| Q1 25 | $6.8B | $3.9B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | $6.4B | $3.9B | ||
| Q2 24 | $6.2B | $3.9B |
| Q1 26 | — | $3.1B | ||
| Q4 25 | $5.5B | $3.1B | ||
| Q3 25 | $5.6B | $3.4B | ||
| Q2 25 | $5.6B | $3.4B | ||
| Q1 25 | $5.6B | $3.5B | ||
| Q4 24 | $5.5B | $3.6B | ||
| Q3 24 | $5.4B | $3.8B | ||
| Q2 24 | $5.5B | $3.8B |
| Q1 26 | — | — | ||
| Q4 25 | $13.2B | $7.7B | ||
| Q3 25 | $13.2B | $8.8B | ||
| Q2 25 | $13.2B | $8.9B | ||
| Q1 25 | $13.2B | $8.9B | ||
| Q4 24 | $12.9B | $9.2B | ||
| Q3 24 | $12.6B | $9.2B | ||
| Q2 24 | $12.5B | $9.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.23× | ||
| Q3 25 | 1.15× | 1.14× | ||
| Q2 25 | 1.14× | 1.12× | ||
| Q1 25 | 1.22× | 1.11× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | 1.18× | 1.03× | ||
| Q2 24 | 1.13× | 1.03× |
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 | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 12.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $105.0M | ||
| Q3 25 | $342.6M | $99.0M | ||
| Q2 25 | $216.1M | $108.0M | ||
| Q1 25 | $281.5M | $86.0M | ||
| Q4 24 | $1.1B | $80.0M | ||
| Q3 24 | $316.2M | $140.0M | ||
| Q2 24 | $218.9M | $117.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-3.0M | ||
| Q3 25 | — | $31.0M | ||
| Q2 25 | — | $65.0M | ||
| Q1 25 | — | $9.0M | ||
| Q4 24 | — | $17.0M | ||
| Q3 24 | — | $97.0M | ||
| Q2 24 | — | $66.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.5% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 9.7% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 9.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.2% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 12.2% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 6.6% | ||
| Q2 24 | — | 7.4% |
| Q1 26 | — | — | ||
| Q4 25 | 12.53× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 3.54× | 1.21× | ||
| Q3 24 | 2.52× | 2.59× | ||
| Q2 24 | 2.21× | 1.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
PK
| Comparable Hotel Revenues | $617.0M | 98% |
| Other | $13.0M | 2% |
