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Side-by-side financial comparison of Essex Property Trust (ESS) and RideNow Group, Inc. (RDNW). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $256.9M, roughly 1.9× RideNow Group, Inc.). Essex Property Trust runs the higher net margin — 17.9% vs -2.5%, a 20.4% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -4.7%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -8.6%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
RideNow Group, Inc. is a leading U.S. retailer of new and used powersports vehicles, including motorcycles, all-terrain vehicles, side-by-sides, personal watercraft, and snowmobiles. It also offers related parts, repair services, and financing options for powersports enthusiasts across over 20 U.S. states.
ESS vs RDNW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $256.9M |
| Net Profit | $85.7M | $-6.4M |
| Gross Margin | 70.0% | 27.6% |
| Operating Margin | 31.7% | 2.1% |
| Net Margin | 17.9% | -2.5% |
| Revenue YoY | 5.5% | -4.7% |
| Net Profit YoY | -71.6% | 88.7% |
| EPS (diluted) | $1.24 | $-0.16 |
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 | $256.9M | ||
| Q3 25 | $473.3M | $281.0M | ||
| Q2 25 | $469.8M | $299.9M | ||
| Q1 25 | $464.6M | $244.7M | ||
| Q4 24 | $454.5M | $269.6M | ||
| Q3 24 | $450.7M | $295.0M | ||
| Q2 24 | $442.4M | $336.8M | ||
| Q1 24 | $426.9M | $307.8M |
| Q4 25 | $85.7M | $-6.4M | ||
| Q3 25 | $172.7M | $-4.1M | ||
| Q2 25 | $231.5M | $-32.2M | ||
| Q1 25 | $212.8M | $-9.7M | ||
| Q4 24 | $301.7M | $-56.4M | ||
| Q3 24 | $125.5M | $-11.2M | ||
| Q2 24 | $99.0M | $-700.0K | ||
| Q1 24 | $285.1M | $-10.3M |
| Q4 25 | 70.0% | 27.6% | ||
| Q3 25 | 69.2% | 27.0% | ||
| Q2 25 | 70.7% | 28.0% | ||
| Q1 25 | 69.6% | 27.5% | ||
| Q4 24 | 70.0% | 25.0% | ||
| Q3 24 | 69.5% | 25.2% | ||
| Q2 24 | 70.8% | 26.7% | ||
| Q1 24 | 69.7% | 26.8% |
| Q4 25 | 31.7% | 2.1% | ||
| Q3 25 | 44.5% | 3.3% | ||
| Q2 25 | 59.5% | -6.3% | ||
| Q1 25 | 55.3% | 1.6% | ||
| Q4 24 | 67.0% | -15.2% | ||
| Q3 24 | 28.6% | 1.8% | ||
| Q2 24 | 31.1% | 4.6% | ||
| Q1 24 | 31.0% | 1.7% |
| Q4 25 | 17.9% | -2.5% | ||
| Q3 25 | 36.5% | -1.5% | ||
| Q2 25 | 49.3% | -10.7% | ||
| Q1 25 | 45.8% | -4.0% | ||
| Q4 24 | 66.4% | -20.9% | ||
| Q3 24 | 27.8% | -3.8% | ||
| Q2 24 | 22.4% | -0.2% | ||
| Q1 24 | 66.8% | -3.3% |
| Q4 25 | $1.24 | $-0.16 | ||
| Q3 25 | $2.56 | $-0.11 | ||
| Q2 25 | $3.44 | $-0.85 | ||
| Q1 25 | $3.16 | $-0.26 | ||
| Q4 24 | $4.00 | $-1.59 | ||
| Q3 24 | $1.84 | $-0.32 | ||
| Q2 24 | $1.45 | $-0.02 | ||
| Q1 24 | $4.25 | $-0.29 |
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 | $29.5M |
| Total DebtLower is stronger | — | $218.8M |
| Stockholders' EquityBook value | $5.5B | $-12.5M |
| Total Assets | $13.2B | $673.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $29.5M | ||
| Q3 25 | $66.0M | $35.4M | ||
| Q2 25 | $58.7M | $44.7M | ||
| Q1 25 | $98.7M | $41.1M | ||
| Q4 24 | $66.8M | $85.3M | ||
| Q3 24 | $71.3M | $50.1M | ||
| Q2 24 | $55.2M | $58.1M | ||
| Q1 24 | $499.0M | $50.3M |
| Q4 25 | — | $218.8M | ||
| Q3 25 | $6.4B | $207.5M | ||
| Q2 25 | $6.4B | $218.4M | ||
| Q1 25 | $6.8B | $215.5M | ||
| Q4 24 | — | $267.4M | ||
| Q3 24 | $6.4B | $249.0M | ||
| Q2 24 | $6.2B | $247.7M | ||
| Q1 24 | $6.6B | $245.2M |
| Q4 25 | $5.5B | $-12.5M | ||
| Q3 25 | $5.6B | $-6.9M | ||
| Q2 25 | $5.6B | $-4.7M | ||
| Q1 25 | $5.6B | $26.9M | ||
| Q4 24 | $5.5B | $36.7M | ||
| Q3 24 | $5.4B | $83.3M | ||
| Q2 24 | $5.5B | $93.4M | ||
| Q1 24 | $5.5B | $92.7M |
| Q4 25 | $13.2B | $673.6M | ||
| Q3 25 | $13.2B | $699.4M | ||
| Q2 25 | $13.2B | $712.3M | ||
| Q1 25 | $13.2B | $738.9M | ||
| Q4 24 | $12.9B | $755.2M | ||
| Q3 24 | $12.6B | $830.5M | ||
| Q2 24 | $12.5B | $896.0M | ||
| Q1 24 | $12.9B | $898.7M |
| Q4 25 | — | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | 8.01× | ||
| Q4 24 | — | 7.29× | ||
| Q3 24 | 1.18× | 2.99× | ||
| Q2 24 | 1.13× | 2.65× | ||
| Q1 24 | 1.19× | 2.65× |
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 | $400.0K |
| Free Cash FlowOCF − Capex | — | $-200.0K |
| FCF MarginFCF / Revenue | — | -0.1% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | 12.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $10.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $400.0K | ||
| Q3 25 | $342.6M | $11.5M | ||
| Q2 25 | $216.1M | $10.9M | ||
| Q1 25 | $281.5M | $-6.9M | ||
| Q4 24 | $1.1B | $30.8M | ||
| Q3 24 | $316.2M | $39.4M | ||
| Q2 24 | $218.9M | $12.2M | ||
| Q1 24 | $314.9M | $17.0M |
| Q4 25 | — | $-200.0K | ||
| Q3 25 | — | $9.4M | ||
| Q2 25 | — | $8.5M | ||
| Q1 25 | — | $-7.4M | ||
| Q4 24 | — | $30.4M | ||
| Q3 24 | — | $38.8M | ||
| Q2 24 | — | $11.8M | ||
| Q1 24 | — | $16.4M |
| Q4 25 | — | -0.1% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 5.3% |
| Q4 25 | — | 0.2% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | 12.53× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 2.52× | — | ||
| Q2 24 | 2.21× | — | ||
| Q1 24 | 1.10× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
RDNW
| Powersports New Vehicles | $133.5M | 52% |
| Parts And Other Revenue | $48.5M | 19% |
| Powersports Pre Owned Vehicles | $45.8M | 18% |
| Finance And Insurance | $24.1M | 9% |
| Vehicle Transportation Services Segment | $800.0K | 0% |
