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Side-by-side financial comparison of Essex Property Trust (ESS) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $385.6M, roughly 1.2× Skyward Specialty Insurance Group, Inc.). Essex Property Trust runs the higher net margin — 17.9% vs 11.2%, a 6.7% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 5.5%). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% 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.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
ESS vs SKWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $385.6M |
| Net Profit | $85.7M | $43.2M |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | 14.2% |
| Net Margin | 17.9% | 11.2% |
| Revenue YoY | 5.5% | 26.7% |
| Net Profit YoY | -71.6% | 200.1% |
| EPS (diluted) | $1.24 | $1.03 |
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 | $385.6M | ||
| Q3 25 | $473.3M | $382.5M | ||
| Q2 25 | $469.8M | $319.9M | ||
| Q1 25 | $464.6M | $328.5M | ||
| Q4 24 | $454.5M | $304.4M | ||
| Q3 24 | $450.7M | $300.9M | ||
| Q2 24 | $442.4M | $279.9M | ||
| Q1 24 | $426.9M | $265.0M |
| Q4 25 | $85.7M | $43.2M | ||
| Q3 25 | $172.7M | $45.9M | ||
| Q2 25 | $231.5M | $38.8M | ||
| Q1 25 | $212.8M | $42.1M | ||
| Q4 24 | $301.7M | $14.4M | ||
| Q3 24 | $125.5M | $36.7M | ||
| Q2 24 | $99.0M | $31.0M | ||
| Q1 24 | $285.1M | $36.8M |
| 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% | 14.2% | ||
| Q3 25 | 44.5% | 15.8% | ||
| Q2 25 | 59.5% | 15.6% | ||
| Q1 25 | 55.3% | 15.7% | ||
| Q4 24 | 67.0% | 6.1% | ||
| Q3 24 | 28.6% | 15.6% | ||
| Q2 24 | 31.1% | 14.4% | ||
| Q1 24 | 31.0% | 17.7% |
| Q4 25 | 17.9% | 11.2% | ||
| Q3 25 | 36.5% | 12.0% | ||
| Q2 25 | 49.3% | 12.1% | ||
| Q1 25 | 45.8% | 12.8% | ||
| Q4 24 | 66.4% | 4.7% | ||
| Q3 24 | 27.8% | 12.2% | ||
| Q2 24 | 22.4% | 11.1% | ||
| Q1 24 | 66.8% | 13.9% |
| Q4 25 | $1.24 | $1.03 | ||
| Q3 25 | $2.56 | $1.10 | ||
| Q2 25 | $3.44 | $0.93 | ||
| Q1 25 | $3.16 | $1.01 | ||
| Q4 24 | $4.00 | $0.33 | ||
| Q3 24 | $1.84 | $0.89 | ||
| Q2 24 | $1.45 | $0.75 | ||
| Q1 24 | $4.25 | $0.90 |
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 | $168.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $1.0B |
| Total Assets | $13.2B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $168.5M | ||
| Q3 25 | $66.0M | $160.1M | ||
| Q2 25 | $58.7M | $136.6M | ||
| Q1 25 | $98.7M | $112.9M | ||
| Q4 24 | $66.8M | $121.6M | ||
| Q3 24 | $71.3M | $105.6M | ||
| Q2 24 | $55.2M | $73.0M | ||
| Q1 24 | $499.0M | $85.1M |
| 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 | $1.0B | ||
| Q3 25 | $5.6B | $961.4M | ||
| Q2 25 | $5.6B | $899.9M | ||
| Q1 25 | $5.6B | $850.7M | ||
| Q4 24 | $5.5B | $794.0M | ||
| Q3 24 | $5.4B | $797.5M | ||
| Q2 24 | $5.5B | $723.6M | ||
| Q1 24 | $5.5B | $692.3M |
| Q4 25 | $13.2B | $4.8B | ||
| Q3 25 | $13.2B | $4.6B | ||
| Q2 25 | $13.2B | $4.3B | ||
| Q1 25 | $13.2B | $4.0B | ||
| Q4 24 | $12.9B | $3.7B | ||
| Q3 24 | $12.6B | $3.6B | ||
| Q2 24 | $12.5B | $3.4B | ||
| Q1 24 | $12.9B | $3.2B |
| 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 | $408.1M |
| Free Cash FlowOCF − Capex | — | $402.6M |
| FCF MarginFCF / Revenue | — | 104.4% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 12.53× | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $408.1M | ||
| Q3 25 | $342.6M | $171.4M | ||
| Q2 25 | $216.1M | $88.2M | ||
| Q1 25 | $281.5M | $96.8M | ||
| Q4 24 | $1.1B | $305.1M | ||
| Q3 24 | $316.2M | $168.0M | ||
| Q2 24 | $218.9M | $21.0M | ||
| Q1 24 | $314.9M | $94.3M |
| Q4 25 | — | $402.6M | ||
| Q3 25 | — | $168.9M | ||
| Q2 25 | — | $87.1M | ||
| Q1 25 | — | $96.6M | ||
| Q4 24 | — | $300.9M | ||
| Q3 24 | — | $167.6M | ||
| Q2 24 | — | $18.4M | ||
| Q1 24 | — | $94.0M |
| Q4 25 | — | 104.4% | ||
| Q3 25 | — | 44.2% | ||
| Q2 25 | — | 27.2% | ||
| Q1 25 | — | 29.4% | ||
| Q4 24 | — | 98.8% | ||
| Q3 24 | — | 55.7% | ||
| Q2 24 | — | 6.6% | ||
| Q1 24 | — | 35.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 12.53× | 9.44× | ||
| Q3 25 | 1.98× | 3.73× | ||
| Q2 25 | 0.93× | 2.27× | ||
| Q1 25 | 1.32× | 2.30× | ||
| Q4 24 | 3.54× | 21.18× | ||
| Q3 24 | 2.52× | 4.58× | ||
| Q2 24 | 2.21× | 0.68× | ||
| Q1 24 | 1.10× | 2.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
