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Side-by-side financial comparison of Essex Property Trust (ESS) and SM Energy Co (SM). Click either name above to swap in a different company.
SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $479.6M, roughly 1.5× Essex Property Trust). On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% 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.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
ESS vs SM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $704.9M |
| Net Profit | $85.7M | — |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | 25.9% |
| Net Margin | 17.9% | — |
| Revenue YoY | 5.5% | -17.3% |
| Net Profit YoY | -71.6% | — |
| EPS (diluted) | $1.24 | $0.94 |
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 | $704.9M | ||
| Q3 25 | $473.3M | $811.6M | ||
| Q2 25 | $469.8M | $792.9M | ||
| Q1 25 | $464.6M | $844.5M | ||
| Q4 24 | $454.5M | $852.0M | ||
| Q3 24 | $450.7M | $643.6M | ||
| Q2 24 | $442.4M | $634.6M | ||
| Q1 24 | $426.9M | $559.9M |
| Q4 25 | $85.7M | — | ||
| Q3 25 | $172.7M | $155.1M | ||
| Q2 25 | $231.5M | $201.7M | ||
| Q1 25 | $212.8M | $182.3M | ||
| Q4 24 | $301.7M | — | ||
| Q3 24 | $125.5M | $240.5M | ||
| Q2 24 | $99.0M | $210.3M | ||
| Q1 24 | $285.1M | $131.2M |
| 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% | 25.9% | ||
| Q3 25 | 44.5% | 30.4% | ||
| Q2 25 | 59.5% | 37.2% | ||
| Q1 25 | 55.3% | 32.7% | ||
| Q4 24 | 67.0% | 33.7% | ||
| Q3 24 | 28.6% | 51.4% | ||
| Q2 24 | 31.1% | 44.0% | ||
| Q1 24 | 31.0% | 31.9% |
| Q4 25 | 17.9% | — | ||
| Q3 25 | 36.5% | 19.1% | ||
| Q2 25 | 49.3% | 25.4% | ||
| Q1 25 | 45.8% | 21.6% | ||
| Q4 24 | 66.4% | — | ||
| Q3 24 | 27.8% | 37.4% | ||
| Q2 24 | 22.4% | 33.1% | ||
| Q1 24 | 66.8% | 23.4% |
| Q4 25 | $1.24 | $0.94 | ||
| Q3 25 | $2.56 | $1.35 | ||
| Q2 25 | $3.44 | $1.76 | ||
| Q1 25 | $3.16 | $1.59 | ||
| Q4 24 | $4.00 | $1.63 | ||
| Q3 24 | $1.84 | $2.09 | ||
| Q2 24 | $1.45 | $1.82 | ||
| Q1 24 | $4.25 | $1.13 |
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 | $368.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $4.8B |
| Total Assets | $13.2B | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $368.0M | ||
| Q3 25 | $66.0M | $162.3M | ||
| Q2 25 | $58.7M | $101.9M | ||
| Q1 25 | $98.7M | $54.0K | ||
| Q4 24 | $66.8M | — | ||
| Q3 24 | $71.3M | $1.7B | ||
| Q2 24 | $55.2M | $487.9M | ||
| Q1 24 | $499.0M | $506.3M |
| 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 | $4.8B | ||
| Q3 25 | $5.6B | $4.7B | ||
| Q2 25 | $5.6B | $4.6B | ||
| Q1 25 | $5.6B | $4.4B | ||
| Q4 24 | $5.5B | $4.2B | ||
| Q3 24 | $5.4B | $4.1B | ||
| Q2 24 | $5.5B | $3.8B | ||
| Q1 24 | $5.5B | $3.7B |
| Q4 25 | $13.2B | $9.3B | ||
| Q3 25 | $13.2B | $9.1B | ||
| Q2 25 | $13.2B | $9.0B | ||
| Q1 25 | $13.2B | $8.8B | ||
| Q4 24 | $12.9B | $8.6B | ||
| Q3 24 | $12.6B | $8.0B | ||
| Q2 24 | $12.5B | $6.7B | ||
| Q1 24 | $12.9B | $6.4B |
| 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 | $451.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 12.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $451.9M | ||
| Q3 25 | $342.6M | $505.0M | ||
| Q2 25 | $216.1M | $571.1M | ||
| Q1 25 | $281.5M | $483.0M | ||
| Q4 24 | $1.1B | $578.4M | ||
| Q3 24 | $316.2M | $452.3M | ||
| Q2 24 | $218.9M | $476.4M | ||
| Q1 24 | $314.9M | $276.0M |
| Q4 25 | 12.53× | — | ||
| Q3 25 | 1.98× | 3.26× | ||
| Q2 25 | 0.93× | 2.83× | ||
| Q1 25 | 1.32× | 2.65× | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 2.52× | 1.88× | ||
| Q2 24 | 2.21× | 2.27× | ||
| Q1 24 | 1.10× | 2.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
