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Side-by-side financial comparison of Essex Property Trust (ESS) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $260.4M, roughly 1.8× Smith Douglas Homes Corp.). Essex Property Trust runs the higher net margin — 17.9% vs 1.4%, a 16.5% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -9.4%). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% 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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
ESS vs SDHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $260.4M |
| Net Profit | $85.7M | $3.5M |
| Gross Margin | 70.0% | 19.9% |
| Operating Margin | 31.7% | 6.5% |
| Net Margin | 17.9% | 1.4% |
| Revenue YoY | 5.5% | -9.4% |
| Net Profit YoY | -71.6% | -14.3% |
| EPS (diluted) | $1.24 | $0.39 |
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 | $260.4M | ||
| Q3 25 | $473.3M | $262.0M | ||
| Q2 25 | $469.8M | $223.9M | ||
| Q1 25 | $464.6M | $224.7M | ||
| Q4 24 | $454.5M | $287.5M | ||
| Q3 24 | $450.7M | $277.8M | ||
| Q2 24 | $442.4M | $220.9M | ||
| Q1 24 | $426.9M | $189.2M |
| Q4 25 | $85.7M | $3.5M | ||
| Q3 25 | $172.7M | $2.1M | ||
| Q2 25 | $231.5M | $2.4M | ||
| Q1 25 | $212.8M | $2.7M | ||
| Q4 24 | $301.7M | $4.1M | ||
| Q3 24 | $125.5M | $5.3M | ||
| Q2 24 | $99.0M | $3.6M | ||
| Q1 24 | $285.1M | $3.0M |
| Q4 25 | 70.0% | 19.9% | ||
| Q3 25 | 69.2% | 21.0% | ||
| Q2 25 | 70.7% | 23.2% | ||
| Q1 25 | 69.6% | 23.8% | ||
| Q4 24 | 70.0% | 25.5% | ||
| Q3 24 | 69.5% | 26.5% | ||
| Q2 24 | 70.8% | 26.7% | ||
| Q1 24 | 69.7% | 26.1% |
| Q4 25 | 31.7% | 6.5% | ||
| Q3 25 | 44.5% | 6.6% | ||
| Q2 25 | 59.5% | 7.7% | ||
| Q1 25 | 55.3% | 8.7% | ||
| Q4 24 | 67.0% | 10.4% | ||
| Q3 24 | 28.6% | 14.2% | ||
| Q2 24 | 31.1% | 11.7% | ||
| Q1 24 | 31.0% | 11.3% |
| Q4 25 | 17.9% | 1.4% | ||
| Q3 25 | 36.5% | 0.8% | ||
| Q2 25 | 49.3% | 1.1% | ||
| Q1 25 | 45.8% | 1.2% | ||
| Q4 24 | 66.4% | 1.4% | ||
| Q3 24 | 27.8% | 1.9% | ||
| Q2 24 | 22.4% | 1.7% | ||
| Q1 24 | 66.8% | 1.6% |
| Q4 25 | $1.24 | $0.39 | ||
| Q3 25 | $2.56 | $0.24 | ||
| Q2 25 | $3.44 | $0.26 | ||
| Q1 25 | $3.16 | $0.30 | ||
| Q4 24 | $4.00 | $0.50 | ||
| Q3 24 | $1.84 | $0.58 | ||
| Q2 24 | $1.45 | $0.40 | ||
| Q1 24 | $4.25 | $0.33 |
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 | $12.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $86.7M |
| Total Assets | $13.2B | $557.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $12.7M | ||
| Q3 25 | $66.0M | $14.8M | ||
| Q2 25 | $58.7M | $16.8M | ||
| Q1 25 | $98.7M | $12.7M | ||
| Q4 24 | $66.8M | $22.4M | ||
| Q3 24 | $71.3M | $23.7M | ||
| Q2 24 | $55.2M | $17.3M | ||
| Q1 24 | $499.0M | $32.8M |
| 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 | $86.7M | ||
| Q3 25 | $5.6B | $82.2M | ||
| Q2 25 | $5.6B | $80.0M | ||
| Q1 25 | $5.6B | $76.9M | ||
| Q4 24 | $5.5B | $73.6M | ||
| Q3 24 | $5.4B | $68.4M | ||
| Q2 24 | $5.5B | $62.1M | ||
| Q1 24 | $5.5B | $59.7M |
| Q4 25 | $13.2B | $557.6M | ||
| Q3 25 | $13.2B | $571.6M | ||
| Q2 25 | $13.2B | $570.2M | ||
| Q1 25 | $13.2B | $513.9M | ||
| Q4 24 | $12.9B | $475.9M | ||
| Q3 24 | $12.6B | $460.1M | ||
| Q2 24 | $12.5B | $429.3M | ||
| Q1 24 | $12.9B | $401.3M |
| 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 | $9.8M |
| Free Cash FlowOCF − Capex | — | $8.7M |
| FCF MarginFCF / Revenue | — | 3.4% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 12.53× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $9.8M | ||
| Q3 25 | $342.6M | $22.8M | ||
| Q2 25 | $216.1M | $-28.9M | ||
| Q1 25 | $281.5M | $-34.9M | ||
| Q4 24 | $1.1B | $5.5M | ||
| Q3 24 | $316.2M | $22.9M | ||
| Q2 24 | $218.9M | $39.0K | ||
| Q1 24 | $314.9M | $-9.3M |
| Q4 25 | — | $8.7M | ||
| Q3 25 | — | $21.4M | ||
| Q2 25 | — | $-31.1M | ||
| Q1 25 | — | $-35.9M | ||
| Q4 24 | — | $4.8M | ||
| Q3 24 | — | $22.3M | ||
| Q2 24 | — | $-2.1M | ||
| Q1 24 | — | $-9.7M |
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | -13.9% | ||
| Q1 25 | — | -16.0% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | -1.0% | ||
| Q1 24 | — | -5.1% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | 12.53× | 2.77× | ||
| Q3 25 | 1.98× | 10.70× | ||
| Q2 25 | 0.93× | -12.24× | ||
| Q1 25 | 1.32× | -13.01× | ||
| Q4 24 | 3.54× | 1.33× | ||
| Q3 24 | 2.52× | 4.28× | ||
| Q2 24 | 2.21× | 0.01× | ||
| Q1 24 | 1.10× | -3.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
