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Side-by-side financial comparison of Essex Property Trust (ESS) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $253.4M, roughly 1.9× Palomar Holdings, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 5.5%). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% 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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
ESS vs PLMR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $253.4M |
| Net Profit | $85.7M | — |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | 28.7% |
| Net Margin | 17.9% | — |
| Revenue YoY | 5.5% | 62.7% |
| Net Profit YoY | -71.6% | — |
| EPS (diluted) | $1.24 | $2.05 |
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.
| Q4 25 | $479.6M | $253.4M | ||
| Q3 25 | $473.3M | $244.7M | ||
| Q2 25 | $469.8M | $203.3M | ||
| Q1 25 | $464.6M | $174.6M | ||
| Q4 24 | $454.5M | $155.8M | ||
| Q3 24 | $450.7M | $148.5M | ||
| Q2 24 | $442.4M | $131.1M | ||
| Q1 24 | $426.9M | $118.5M |
| Q4 25 | $85.7M | — | ||
| Q3 25 | $172.7M | $51.5M | ||
| Q2 25 | $231.5M | $46.5M | ||
| Q1 25 | $212.8M | $42.9M | ||
| Q4 24 | $301.7M | — | ||
| Q3 24 | $125.5M | $30.5M | ||
| Q2 24 | $99.0M | $25.7M | ||
| Q1 24 | $285.1M | $26.4M |
| 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% | 28.7% | ||
| Q3 25 | 44.5% | 27.4% | ||
| Q2 25 | 59.5% | 29.5% | ||
| Q1 25 | 55.3% | 30.8% | ||
| Q4 24 | 67.0% | 28.9% | ||
| Q3 24 | 28.6% | 25.9% | ||
| Q2 24 | 31.1% | 25.5% | ||
| Q1 24 | 31.0% | 29.0% |
| Q4 25 | 17.9% | — | ||
| Q3 25 | 36.5% | 21.0% | ||
| Q2 25 | 49.3% | 22.9% | ||
| Q1 25 | 45.8% | 24.6% | ||
| Q4 24 | 66.4% | — | ||
| Q3 24 | 27.8% | 20.5% | ||
| Q2 24 | 22.4% | 19.6% | ||
| Q1 24 | 66.8% | 22.3% |
| Q4 25 | $1.24 | $2.05 | ||
| Q3 25 | $2.56 | $1.87 | ||
| Q2 25 | $3.44 | $1.68 | ||
| Q1 25 | $3.16 | $1.57 | ||
| Q4 24 | $4.00 | $1.29 | ||
| Q3 24 | $1.84 | $1.15 | ||
| Q2 24 | $1.45 | $1.00 | ||
| Q1 24 | $4.25 | $1.04 |
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 | $106.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $942.7M |
| Total Assets | $13.2B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $106.9M | ||
| Q3 25 | $66.0M | $111.7M | ||
| Q2 25 | $58.7M | $81.3M | ||
| Q1 25 | $98.7M | $119.3M | ||
| Q4 24 | $66.8M | $80.4M | ||
| Q3 24 | $71.3M | $86.5M | ||
| Q2 24 | $55.2M | $47.8M | ||
| Q1 24 | $499.0M | $61.4M |
| 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 | $942.7M | ||
| Q3 25 | $5.6B | $878.1M | ||
| Q2 25 | $5.6B | $847.2M | ||
| Q1 25 | $5.6B | $790.4M | ||
| Q4 24 | $5.5B | $729.0M | ||
| Q3 24 | $5.4B | $703.3M | ||
| Q2 24 | $5.5B | $532.6M | ||
| Q1 24 | $5.5B | $501.7M |
| Q4 25 | $13.2B | $3.1B | ||
| Q3 25 | $13.2B | $2.9B | ||
| Q2 25 | $13.2B | $2.8B | ||
| Q1 25 | $13.2B | $2.4B | ||
| Q4 24 | $12.9B | $2.3B | ||
| Q3 24 | $12.6B | $2.3B | ||
| Q2 24 | $12.5B | $2.0B | ||
| Q1 24 | $12.9B | $1.9B |
| 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 | $409.1M |
| Free Cash FlowOCF − Capex | — | $409.0M |
| FCF MarginFCF / Revenue | — | 161.4% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 12.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $409.1M | ||
| Q3 25 | $342.6M | $83.6M | ||
| Q2 25 | $216.1M | $120.9M | ||
| Q1 25 | $281.5M | $87.2M | ||
| Q4 24 | $1.1B | $261.2M | ||
| Q3 24 | $316.2M | $100.3M | ||
| Q2 24 | $218.9M | $55.1M | ||
| Q1 24 | $314.9M | $33.1M |
| Q4 25 | — | $409.0M | ||
| Q3 25 | — | $83.6M | ||
| Q2 25 | — | $120.8M | ||
| Q1 25 | — | $87.1M | ||
| Q4 24 | — | $260.9M | ||
| Q3 24 | — | $100.1M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 161.4% | ||
| Q3 25 | — | 34.2% | ||
| Q2 25 | — | 59.4% | ||
| Q1 25 | — | 49.9% | ||
| Q4 24 | — | 167.5% | ||
| Q3 24 | — | 67.4% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | 12.53× | — | ||
| Q3 25 | 1.98× | 1.63× | ||
| Q2 25 | 0.93× | 2.60× | ||
| Q1 25 | 1.32× | 2.03× | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 2.52× | 3.29× | ||
| Q2 24 | 2.21× | 2.14× | ||
| Q1 24 | 1.10× | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
