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Side-by-side financial comparison of Essex Property Trust (ESS) and StubHub Holdings, Inc. (STUB). Click either name above to swap in a different company.

Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $468.1M, roughly 1.0× StubHub Holdings, Inc.). Essex Property Trust runs the higher net margin — 17.9% vs -276.6%, a 294.4% gap on every dollar of revenue. On growth, StubHub Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs 5.5%).

Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.

StubHub Holdings operates a leading global online ticket marketplace for live entertainment events. It facilitates secure resale and direct purchase of tickets for concerts, sports matches, theater performances and other live experiences, serving consumers, event organizers and sellers across North America, Europe and Asia-Pacific.

ESS vs STUB — Head-to-Head

Bigger by revenue
ESS
ESS
1.0× larger
ESS
$479.6M
$468.1M
STUB
Growing faster (revenue YoY)
STUB
STUB
+2.4% gap
STUB
7.9%
5.5%
ESS
Higher net margin
ESS
ESS
294.4% more per $
ESS
17.9%
-276.6%
STUB

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ESS
ESS
STUB
STUB
Revenue
$479.6M
$468.1M
Net Profit
$85.7M
$-1.3B
Gross Margin
70.0%
Operating Margin
31.7%
-292.3%
Net Margin
17.9%
-276.6%
Revenue YoY
5.5%
7.9%
Net Profit YoY
-71.6%
-3821.6%
EPS (diluted)
$1.24
$-4.27

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.

Revenue
ESS
ESS
STUB
STUB
Q4 25
$479.6M
Q3 25
$473.3M
$468.1M
Q2 25
$469.8M
Q1 25
$464.6M
Q4 24
$454.5M
Q3 24
$450.7M
$433.8M
Q2 24
$442.4M
Q1 24
$426.9M
Net Profit
ESS
ESS
STUB
STUB
Q4 25
$85.7M
Q3 25
$172.7M
$-1.3B
Q2 25
$231.5M
Q1 25
$212.8M
Q4 24
$301.7M
Q3 24
$125.5M
$-33.0M
Q2 24
$99.0M
Q1 24
$285.1M
Gross Margin
ESS
ESS
STUB
STUB
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%
Operating Margin
ESS
ESS
STUB
STUB
Q4 25
31.7%
Q3 25
44.5%
-292.3%
Q2 25
59.5%
Q1 25
55.3%
Q4 24
67.0%
Q3 24
28.6%
2.8%
Q2 24
31.1%
Q1 24
31.0%
Net Margin
ESS
ESS
STUB
STUB
Q4 25
17.9%
Q3 25
36.5%
-276.6%
Q2 25
49.3%
Q1 25
45.8%
Q4 24
66.4%
Q3 24
27.8%
-7.6%
Q2 24
22.4%
Q1 24
66.8%
EPS (diluted)
ESS
ESS
STUB
STUB
Q4 25
$1.24
Q3 25
$2.56
$-4.27
Q2 25
$3.44
Q1 25
$3.16
Q4 24
$4.00
Q3 24
$1.84
$-0.15
Q2 24
$1.45
Q1 24
$4.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ESS
ESS
STUB
STUB
Cash + ST InvestmentsLiquidity on hand
$76.2M
$1.4B
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$5.5B
$1.7B
Total Assets
$13.2B
$5.6B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
STUB
STUB
Q4 25
$76.2M
Q3 25
$66.0M
$1.4B
Q2 25
$58.7M
Q1 25
$98.7M
Q4 24
$66.8M
Q3 24
$71.3M
$1.1B
Q2 24
$55.2M
Q1 24
$499.0M
Total Debt
ESS
ESS
STUB
STUB
Q4 25
Q3 25
$6.4B
$1.7B
Q2 25
$6.4B
Q1 25
$6.8B
Q4 24
Q3 24
$6.4B
Q2 24
$6.2B
Q1 24
$6.6B
Stockholders' Equity
ESS
ESS
STUB
STUB
Q4 25
$5.5B
Q3 25
$5.6B
$1.7B
Q2 25
$5.6B
Q1 25
$5.6B
Q4 24
$5.5B
Q3 24
$5.4B
$815.9M
Q2 24
$5.5B
Q1 24
$5.5B
Total Assets
ESS
ESS
STUB
STUB
Q4 25
$13.2B
Q3 25
$13.2B
$5.6B
Q2 25
$13.2B
Q1 25
$13.2B
Q4 24
$12.9B
Q3 24
$12.6B
Q2 24
$12.5B
Q1 24
$12.9B
Debt / Equity
ESS
ESS
STUB
STUB
Q4 25
Q3 25
1.15×
0.98×
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
ESS
ESS
STUB
STUB
Operating Cash FlowLast quarter
$1.1B
$181.4M
Free Cash FlowOCF − Capex
$180.3M
FCF MarginFCF / Revenue
38.5%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
12.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESS
ESS
STUB
STUB
Q4 25
$1.1B
Q3 25
$342.6M
$181.4M
Q2 25
$216.1M
Q1 25
$281.5M
Q4 24
$1.1B
Q3 24
$316.2M
Q2 24
$218.9M
Q1 24
$314.9M
Free Cash Flow
ESS
ESS
STUB
STUB
Q4 25
Q3 25
$180.3M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ESS
ESS
STUB
STUB
Q4 25
Q3 25
38.5%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ESS
ESS
STUB
STUB
Q4 25
Q3 25
0.2%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
ESS
ESS
STUB
STUB
Q4 25
12.53×
Q3 25
1.98×
Q2 25
0.93×
Q1 25
1.32×
Q4 24
3.54×
Q3 24
2.52×
Q2 24
2.21×
Q1 24
1.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ESS
ESS

Segment breakdown not available.

STUB
STUB

Transaction Fees$453.4M97%
Other$14.7M3%

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