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Side-by-side financial comparison of Essex Property Trust (ESS) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
Construction Partners, Inc. is the larger business by last-quarter revenue ($809.5M vs $479.6M, roughly 1.7× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs 2.1%, a 15.8% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 5.5%). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% 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.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
ESS vs ROAD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $809.5M |
| Net Profit | $85.7M | $17.2M |
| Gross Margin | 70.0% | 15.0% |
| Operating Margin | 31.7% | 6.2% |
| Net Margin | 17.9% | 2.1% |
| Revenue YoY | 5.5% | 44.1% |
| Net Profit YoY | -71.6% | 663.9% |
| EPS (diluted) | $1.24 | $0.31 |
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 | $809.5M | ||
| Q3 25 | $473.3M | $899.8M | ||
| Q2 25 | $469.8M | $779.3M | ||
| Q1 25 | $464.6M | $571.6M | ||
| Q4 24 | $454.5M | $561.6M | ||
| Q3 24 | $450.7M | $538.2M | ||
| Q2 24 | $442.4M | $517.8M | ||
| Q1 24 | $426.9M | $371.4M |
| Q4 25 | $85.7M | $17.2M | ||
| Q3 25 | $172.7M | $56.6M | ||
| Q2 25 | $231.5M | $44.0M | ||
| Q1 25 | $212.8M | $4.2M | ||
| Q4 24 | $301.7M | $-3.1M | ||
| Q3 24 | $125.5M | $29.3M | ||
| Q2 24 | $99.0M | $30.9M | ||
| Q1 24 | $285.1M | $-1.1M |
| Q4 25 | 70.0% | 15.0% | ||
| Q3 25 | 69.2% | 17.7% | ||
| Q2 25 | 70.7% | 16.9% | ||
| Q1 25 | 69.6% | 12.5% | ||
| Q4 24 | 70.0% | 13.6% | ||
| Q3 24 | 69.5% | 15.6% | ||
| Q2 24 | 70.8% | 16.1% | ||
| Q1 24 | 69.7% | 10.4% |
| Q4 25 | 31.7% | 6.2% | ||
| Q3 25 | 44.5% | 11.2% | ||
| Q2 25 | 59.5% | 10.6% | ||
| Q1 25 | 55.3% | 4.8% | ||
| Q4 24 | 67.0% | 2.5% | ||
| Q3 24 | 28.6% | 8.5% | ||
| Q2 24 | 31.1% | 8.8% | ||
| Q1 24 | 31.0% | 0.8% |
| Q4 25 | 17.9% | 2.1% | ||
| Q3 25 | 36.5% | 6.3% | ||
| Q2 25 | 49.3% | 5.7% | ||
| Q1 25 | 45.8% | 0.7% | ||
| Q4 24 | 66.4% | -0.5% | ||
| Q3 24 | 27.8% | 5.4% | ||
| Q2 24 | 22.4% | 6.0% | ||
| Q1 24 | 66.8% | -0.3% |
| Q4 25 | $1.24 | $0.31 | ||
| Q3 25 | $2.56 | $1.03 | ||
| Q2 25 | $3.44 | $0.79 | ||
| Q1 25 | $3.16 | $0.08 | ||
| Q4 24 | $4.00 | $-0.06 | ||
| Q3 24 | $1.84 | $0.55 | ||
| Q2 24 | $1.45 | $0.59 | ||
| Q1 24 | $4.25 | $-0.02 |
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 | $104.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $969.1M |
| Total Assets | $13.2B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $104.1M | ||
| Q3 25 | $66.0M | $156.1M | ||
| Q2 25 | $58.7M | $114.3M | ||
| Q1 25 | $98.7M | $101.9M | ||
| Q4 24 | $66.8M | $132.5M | ||
| Q3 24 | $71.3M | $74.7M | ||
| Q2 24 | $55.2M | $56.3M | ||
| Q1 24 | $499.0M | $48.0M |
| Q4 25 | — | — | ||
| Q3 25 | $6.4B | $1.6B | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $6.4B | $515.0M | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.6B | — |
| Q4 25 | $5.5B | $969.1M | ||
| Q3 25 | $5.6B | $912.0M | ||
| Q2 25 | $5.6B | $853.3M | ||
| Q1 25 | $5.6B | $807.9M | ||
| Q4 24 | $5.5B | $811.1M | ||
| Q3 24 | $5.4B | $573.7M | ||
| Q2 24 | $5.5B | $552.9M | ||
| Q1 24 | $5.5B | $525.0M |
| Q4 25 | $13.2B | $3.4B | ||
| Q3 25 | $13.2B | $3.2B | ||
| Q2 25 | $13.2B | $2.9B | ||
| Q1 25 | $13.2B | $2.8B | ||
| Q4 24 | $12.9B | $2.6B | ||
| Q3 24 | $12.6B | $1.5B | ||
| Q2 24 | $12.5B | $1.4B | ||
| Q1 24 | $12.9B | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | 1.15× | 1.78× | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.18× | 0.90× | ||
| 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 | $82.6M |
| Free Cash FlowOCF − Capex | — | $47.1M |
| FCF MarginFCF / Revenue | — | 5.8% |
| Capex IntensityCapex / Revenue | — | 4.4% |
| Cash ConversionOCF / Net Profit | 12.53× | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | — | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $82.6M | ||
| Q3 25 | $342.6M | $112.0M | ||
| Q2 25 | $216.1M | $83.0M | ||
| Q1 25 | $281.5M | $55.6M | ||
| Q4 24 | $1.1B | $40.7M | ||
| Q3 24 | $316.2M | $95.9M | ||
| Q2 24 | $218.9M | $34.6M | ||
| Q1 24 | $314.9M | $18.2M |
| Q4 25 | — | $47.1M | ||
| Q3 25 | — | $78.9M | ||
| Q2 25 | — | $46.4M | ||
| Q1 25 | — | $14.2M | ||
| Q4 24 | — | $13.8M | ||
| Q3 24 | — | $78.4M | ||
| Q2 24 | — | $19.7M | ||
| Q1 24 | — | $-10.6M |
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | — | 5.9% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 14.6% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | -2.8% |
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 7.7% |
| Q4 25 | 12.53× | 4.80× | ||
| Q3 25 | 1.98× | 1.98× | ||
| Q2 25 | 0.93× | 1.88× | ||
| Q1 25 | 1.32× | 13.20× | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 2.52× | 3.27× | ||
| Q2 24 | 2.21× | 1.12× | ||
| Q1 24 | 1.10× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
