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Side-by-side financial comparison of Essex Property Trust (ESS) and Simpson Manufacturing Co., Inc. (SSD). Click either name above to swap in a different company.
Simpson Manufacturing Co., Inc. is the larger business by last-quarter revenue ($588.0M vs $479.6M, roughly 1.2× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs 15.0%, a 2.9% gap on every dollar of revenue. On growth, Simpson Manufacturing Co., Inc. posted the faster year-over-year revenue change (9.1% vs 5.5%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -0.8%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
Simpson Manufacturing Company is a leading building materials manufacturer in the United States that produces structural connectors, fasteners, anchors, and products for new construction and retrofitting.
ESS vs SSD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $588.0M |
| Net Profit | $85.7M | $88.2M |
| Gross Margin | 70.0% | 45.2% |
| Operating Margin | 31.7% | 19.5% |
| Net Margin | 17.9% | 15.0% |
| Revenue YoY | 5.5% | 9.1% |
| Net Profit YoY | -71.6% | 13.3% |
| EPS (diluted) | $1.24 | $2.13 |
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.
| Q1 26 | — | $588.0M | ||
| Q4 25 | $479.6M | $539.3M | ||
| Q3 25 | $473.3M | $623.5M | ||
| Q2 25 | $469.8M | $631.1M | ||
| Q1 25 | $464.6M | $538.9M | ||
| Q4 24 | $454.5M | $517.4M | ||
| Q3 24 | $450.7M | $587.2M | ||
| Q2 24 | $442.4M | $597.0M |
| Q1 26 | — | $88.2M | ||
| Q4 25 | $85.7M | $56.2M | ||
| Q3 25 | $172.7M | $107.4M | ||
| Q2 25 | $231.5M | $103.5M | ||
| Q1 25 | $212.8M | $77.9M | ||
| Q4 24 | $301.7M | $55.4M | ||
| Q3 24 | $125.5M | $93.5M | ||
| Q2 24 | $99.0M | $97.8M |
| Q1 26 | — | 45.2% | ||
| Q4 25 | 70.0% | 43.4% | ||
| Q3 25 | 69.2% | 46.4% | ||
| Q2 25 | 70.7% | 46.7% | ||
| Q1 25 | 69.6% | 46.8% | ||
| Q4 24 | 70.0% | 44.0% | ||
| Q3 24 | 69.5% | 46.8% | ||
| Q2 24 | 70.8% | 46.7% |
| Q1 26 | — | 19.5% | ||
| Q4 25 | 31.7% | 13.9% | ||
| Q3 25 | 44.5% | 22.6% | ||
| Q2 25 | 59.5% | 22.2% | ||
| Q1 25 | 55.3% | 19.0% | ||
| Q4 24 | 67.0% | 14.8% | ||
| Q3 24 | 28.6% | 21.3% | ||
| Q2 24 | 31.1% | 22.1% |
| Q1 26 | — | 15.0% | ||
| Q4 25 | 17.9% | 10.4% | ||
| Q3 25 | 36.5% | 17.2% | ||
| Q2 25 | 49.3% | 16.4% | ||
| Q1 25 | 45.8% | 14.5% | ||
| Q4 24 | 66.4% | 10.7% | ||
| Q3 24 | 27.8% | 15.9% | ||
| Q2 24 | 22.4% | 16.4% |
| Q1 26 | — | $2.13 | ||
| Q4 25 | $1.24 | $1.34 | ||
| Q3 25 | $2.56 | $2.58 | ||
| Q2 25 | $3.44 | $2.47 | ||
| Q1 25 | $3.16 | $1.85 | ||
| Q4 24 | $4.00 | $1.31 | ||
| Q3 24 | $1.84 | $2.21 | ||
| Q2 24 | $1.45 | $2.31 |
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 | $341.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $2.1B |
| Total Assets | $13.2B | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $341.0M | ||
| Q4 25 | $76.2M | $384.1M | ||
| Q3 25 | $66.0M | $297.3M | ||
| Q2 25 | $58.7M | $190.4M | ||
| Q1 25 | $98.7M | $150.3M | ||
| Q4 24 | $66.8M | $239.4M | ||
| Q3 24 | $71.3M | $339.4M | ||
| Q2 24 | $55.2M | $354.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $300.0M | ||
| Q3 25 | $6.4B | $371.3M | ||
| Q2 25 | $6.4B | $376.9M | ||
| Q1 25 | $6.8B | $382.5M | ||
| Q4 24 | — | $388.1M | ||
| Q3 24 | $6.4B | $393.8M | ||
| Q2 24 | $6.2B | $399.4M |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $5.5B | $2.0B | ||
| Q3 25 | $5.6B | $2.0B | ||
| Q2 25 | $5.6B | $1.9B | ||
| Q1 25 | $5.6B | $1.9B | ||
| Q4 24 | $5.5B | $1.8B | ||
| Q3 24 | $5.4B | $1.9B | ||
| Q2 24 | $5.5B | $1.8B |
| Q1 26 | — | $3.0B | ||
| Q4 25 | $13.2B | $3.1B | ||
| Q3 25 | $13.2B | $3.0B | ||
| Q2 25 | $13.2B | $3.0B | ||
| Q1 25 | $13.2B | $2.8B | ||
| Q4 24 | $12.9B | $2.7B | ||
| Q3 24 | $12.6B | $2.9B | ||
| Q2 24 | $12.5B | $2.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.15× | ||
| Q3 25 | 1.15× | 0.19× | ||
| Q2 25 | 1.14× | 0.20× | ||
| Q1 25 | 1.22× | 0.21× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | 1.18× | 0.21× | ||
| Q2 24 | 1.13× | 0.23× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $155.7M | ||
| Q3 25 | $342.6M | $170.2M | ||
| Q2 25 | $216.1M | $125.2M | ||
| Q1 25 | $281.5M | $7.6M | ||
| Q4 24 | $1.1B | $115.8M | ||
| Q3 24 | $316.2M | $103.3M | ||
| Q2 24 | $218.9M | $111.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $119.0M | ||
| Q3 25 | — | $133.9M | ||
| Q2 25 | — | $87.3M | ||
| Q1 25 | — | $-42.6M | ||
| Q4 24 | — | $60.3M | ||
| Q3 24 | — | $58.1M | ||
| Q2 24 | — | $70.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 22.1% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 13.8% | ||
| Q1 25 | — | -7.9% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 9.9% | ||
| Q2 24 | — | 11.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 5.8% | ||
| Q2 25 | — | 6.0% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 7.7% | ||
| Q2 24 | — | 6.7% |
| Q1 26 | — | — | ||
| Q4 25 | 12.53× | 2.77× | ||
| Q3 25 | 1.98× | 1.58× | ||
| Q2 25 | 0.93× | 1.21× | ||
| Q1 25 | 1.32× | 0.10× | ||
| Q4 24 | 3.54× | 2.09× | ||
| Q3 24 | 2.52× | 1.10× | ||
| Q2 24 | 2.21× | 1.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
