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Side-by-side financial comparison of Essex Property Trust (ESS) and RH (RH). Click either name above to swap in a different company.
RH is the larger business by last-quarter revenue ($883.8M vs $479.6M, roughly 1.8× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs 4.1%, a 13.8% gap on every dollar of revenue. On growth, RH posted the faster year-over-year revenue change (8.9% vs 5.5%). Over the past eight quarters, RH's revenue compounded faster (9.4% 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.
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
ESS vs RH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $883.8M |
| Net Profit | $85.7M | $36.3M |
| Gross Margin | 70.0% | 44.1% |
| Operating Margin | 31.7% | 12.0% |
| Net Margin | 17.9% | 4.1% |
| Revenue YoY | 5.5% | 8.9% |
| Net Profit YoY | -71.6% | 9.3% |
| EPS (diluted) | $1.24 | $1.83 |
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 | $883.8M | ||
| Q3 25 | $473.3M | $899.2M | ||
| Q2 25 | $469.8M | $814.0M | ||
| Q1 25 | $464.6M | $812.4M | ||
| Q4 24 | $454.5M | $811.7M | ||
| Q3 24 | $450.7M | $829.7M | ||
| Q2 24 | $442.4M | $727.0M | ||
| Q1 24 | $426.9M | $738.3M |
| Q4 25 | $85.7M | $36.3M | ||
| Q3 25 | $172.7M | $51.7M | ||
| Q2 25 | $231.5M | $8.0M | ||
| Q1 25 | $212.8M | $13.9M | ||
| Q4 24 | $301.7M | $33.2M | ||
| Q3 24 | $125.5M | $29.0M | ||
| Q2 24 | $99.0M | $-3.6M | ||
| Q1 24 | $285.1M | $11.4M |
| Q4 25 | 70.0% | 44.1% | ||
| Q3 25 | 69.2% | 45.5% | ||
| Q2 25 | 70.7% | 43.7% | ||
| Q1 25 | 69.6% | 44.7% | ||
| Q4 24 | 70.0% | 44.5% | ||
| Q3 24 | 69.5% | 45.2% | ||
| Q2 24 | 70.8% | 43.5% | ||
| Q1 24 | 69.7% | 43.5% |
| Q4 25 | 31.7% | 12.0% | ||
| Q3 25 | 44.5% | 14.3% | ||
| Q2 25 | 59.5% | 6.9% | ||
| Q1 25 | 55.3% | 8.7% | ||
| Q4 24 | 67.0% | 12.5% | ||
| Q3 24 | 28.6% | 11.6% | ||
| Q2 24 | 31.1% | 7.5% | ||
| Q1 24 | 31.0% | 8.7% |
| Q4 25 | 17.9% | 4.1% | ||
| Q3 25 | 36.5% | 5.8% | ||
| Q2 25 | 49.3% | 1.0% | ||
| Q1 25 | 45.8% | 1.7% | ||
| Q4 24 | 66.4% | 4.1% | ||
| Q3 24 | 27.8% | 3.5% | ||
| Q2 24 | 22.4% | -0.5% | ||
| Q1 24 | 66.8% | 1.5% |
| Q4 25 | $1.24 | $1.83 | ||
| Q3 25 | $2.56 | $2.62 | ||
| Q2 25 | $3.44 | $0.40 | ||
| Q1 25 | $3.16 | $0.71 | ||
| Q4 24 | $4.00 | $1.66 | ||
| Q3 24 | $1.84 | $1.45 | ||
| Q2 24 | $1.45 | $-0.20 | ||
| Q1 24 | $4.25 | $0.91 |
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 | $43.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $3.3M |
| Total Assets | $13.2B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $43.1M | ||
| Q3 25 | $66.0M | $34.6M | ||
| Q2 25 | $58.7M | $46.1M | ||
| Q1 25 | $98.7M | $30.4M | ||
| Q4 24 | $66.8M | $87.0M | ||
| Q3 24 | $71.3M | $78.3M | ||
| Q2 24 | $55.2M | $101.8M | ||
| Q1 24 | $499.0M | $123.7M |
| 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 | $3.3M | ||
| Q3 25 | $5.6B | $-40.9M | ||
| Q2 25 | $5.6B | $-110.8M | ||
| Q1 25 | $5.6B | $-163.6M | ||
| Q4 24 | $5.5B | $-183.0M | ||
| Q3 24 | $5.4B | $-234.7M | ||
| Q2 24 | $5.5B | $-289.9M | ||
| Q1 24 | $5.5B | $-297.4M |
| Q4 25 | $13.2B | $4.8B | ||
| Q3 25 | $13.2B | $4.7B | ||
| Q2 25 | $13.2B | $4.7B | ||
| Q1 25 | $13.2B | $4.6B | ||
| Q4 24 | $12.9B | $4.5B | ||
| Q3 24 | $12.6B | $4.4B | ||
| Q2 24 | $12.5B | $4.2B | ||
| Q1 24 | $12.9B | $4.1B |
| 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 | $131.9M |
| Free Cash FlowOCF − Capex | — | $83.0M |
| FCF MarginFCF / Revenue | — | 9.4% |
| Capex IntensityCapex / Revenue | — | 5.5% |
| Cash ConversionOCF / Net Profit | 12.53× | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $131.9M | ||
| Q3 25 | $342.6M | $137.7M | ||
| Q2 25 | $216.1M | $86.6M | ||
| Q1 25 | $281.5M | $-18.8M | ||
| Q4 24 | $1.1B | $-31.4M | ||
| Q3 24 | $316.2M | $11.2M | ||
| Q2 24 | $218.9M | $56.1M | ||
| Q1 24 | $314.9M | $-114.0M |
| Q4 25 | — | $83.0M | ||
| Q3 25 | — | $80.7M | ||
| Q2 25 | — | $34.1M | ||
| Q1 25 | — | $-69.7M | ||
| Q4 24 | — | $-96.0M | ||
| Q3 24 | — | $-37.9M | ||
| Q2 24 | — | $-10.1M | ||
| Q1 24 | — | $-251.5M |
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | -8.6% | ||
| Q4 24 | — | -11.8% | ||
| Q3 24 | — | -4.6% | ||
| Q2 24 | — | -1.4% | ||
| Q1 24 | — | -34.1% |
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 6.3% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 5.9% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | — | 18.6% |
| Q4 25 | 12.53× | 3.64× | ||
| Q3 25 | 1.98× | 2.66× | ||
| Q2 25 | 0.93× | 10.78× | ||
| Q1 25 | 1.32× | -1.35× | ||
| Q4 24 | 3.54× | -0.95× | ||
| Q3 24 | 2.52× | 0.39× | ||
| Q2 24 | 2.21× | — | ||
| Q1 24 | 1.10× | -10.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
