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Side-by-side financial comparison of Essex Property Trust (ESS) and TEXAS CAPITAL BANCSHARES INC (TCBI). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $324.0M, roughly 1.5× TEXAS CAPITAL BANCSHARES INC). TEXAS CAPITAL BANCSHARES INC runs the higher net margin — 22.8% vs 17.9%, a 4.9% gap on every dollar of revenue. On growth, TEXAS CAPITAL BANCSHARES INC posted the faster year-over-year revenue change (15.5% vs 5.5%). Over the past eight quarters, TEXAS CAPITAL BANCSHARES INC's revenue compounded faster (10.2% 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.
Texas Capital Bank is a bank headquartered in Dallas, Texas. The bank has branches located in every major city in Texas. Its parent bank holding company is Texas Capital Bancshares. It also operates an online-only banking division, Bask Bank.
ESS vs TCBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $324.0M |
| Net Profit | $85.7M | $73.8M |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | — |
| Net Margin | 17.9% | 22.8% |
| Revenue YoY | 5.5% | 15.5% |
| Net Profit YoY | -71.6% | 56.8% |
| EPS (diluted) | $1.24 | $1.56 |
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 | — | $324.0M | ||
| Q4 25 | $479.6M | $327.5M | ||
| Q3 25 | $473.3M | $340.4M | ||
| Q2 25 | $469.8M | $307.5M | ||
| Q1 25 | $464.6M | $280.5M | ||
| Q4 24 | $454.5M | $229.6M | ||
| Q3 24 | $450.7M | $125.3M | ||
| Q2 24 | $442.4M | $267.0M |
| Q1 26 | — | $73.8M | ||
| Q4 25 | $85.7M | $100.7M | ||
| Q3 25 | $172.7M | $105.2M | ||
| Q2 25 | $231.5M | $77.3M | ||
| Q1 25 | $212.8M | $47.0M | ||
| Q4 24 | $301.7M | $71.0M | ||
| Q3 24 | $125.5M | $-61.3M | ||
| Q2 24 | $99.0M | $41.7M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 31.7% | 40.4% | ||
| Q3 25 | 44.5% | 40.5% | ||
| Q2 25 | 59.5% | 33.2% | ||
| Q1 25 | 55.3% | 21.6% | ||
| Q4 24 | 67.0% | 40.7% | ||
| Q3 24 | 28.6% | -63.8% | ||
| Q2 24 | 31.1% | 21.9% |
| Q1 26 | — | 22.8% | ||
| Q4 25 | 17.9% | 30.7% | ||
| Q3 25 | 36.5% | 30.9% | ||
| Q2 25 | 49.3% | 25.2% | ||
| Q1 25 | 45.8% | 16.8% | ||
| Q4 24 | 66.4% | 30.9% | ||
| Q3 24 | 27.8% | -48.9% | ||
| Q2 24 | 22.4% | 15.6% |
| Q1 26 | — | $1.56 | ||
| Q4 25 | $1.24 | $2.11 | ||
| Q3 25 | $2.56 | $2.18 | ||
| Q2 25 | $3.44 | $1.58 | ||
| Q1 25 | $3.16 | $0.92 | ||
| Q4 24 | $4.00 | $1.43 | ||
| Q3 24 | $1.84 | $-1.41 | ||
| Q2 24 | $1.45 | $0.80 |
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 | — |
| Total DebtLower is stronger | — | $878.3M |
| Stockholders' EquityBook value | $5.5B | $3.6B |
| Total Assets | $13.2B | $33.5B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $76.2M | — | ||
| Q3 25 | $66.0M | — | ||
| Q2 25 | $58.7M | — | ||
| Q1 25 | $98.7M | — | ||
| Q4 24 | $66.8M | — | ||
| Q3 24 | $71.3M | — | ||
| Q2 24 | $55.2M | — |
| Q1 26 | — | $878.3M | ||
| Q4 25 | — | $620.6M | ||
| Q3 25 | $6.4B | $620.4M | ||
| Q2 25 | $6.4B | $620.3M | ||
| Q1 25 | $6.8B | $660.5M | ||
| Q4 24 | — | $660.3M | ||
| Q3 24 | $6.4B | $660.2M | ||
| Q2 24 | $6.2B | $660.0M |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $5.5B | $3.6B | ||
| Q3 25 | $5.6B | $3.6B | ||
| Q2 25 | $5.6B | $3.5B | ||
| Q1 25 | $5.6B | $3.4B | ||
| Q4 24 | $5.5B | $3.4B | ||
| Q3 24 | $5.4B | $3.4B | ||
| Q2 24 | $5.5B | $3.2B |
| Q1 26 | — | $33.5B | ||
| Q4 25 | $13.2B | $31.5B | ||
| Q3 25 | $13.2B | $32.5B | ||
| Q2 25 | $13.2B | $31.9B | ||
| Q1 25 | $13.2B | $31.4B | ||
| Q4 24 | $12.9B | $30.7B | ||
| Q3 24 | $12.6B | $31.6B | ||
| Q2 24 | $12.5B | $29.9B |
| Q1 26 | — | 0.24× | ||
| Q4 25 | — | 0.17× | ||
| Q3 25 | 1.15× | 0.17× | ||
| Q2 25 | 1.14× | 0.18× | ||
| Q1 25 | 1.22× | 0.19× | ||
| Q4 24 | — | 0.20× | ||
| Q3 24 | 1.18× | 0.20× | ||
| Q2 24 | 1.13× | 0.21× |
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 | $360.2M | ||
| Q3 25 | $342.6M | $166.3M | ||
| Q2 25 | $216.1M | $63.0M | ||
| Q1 25 | $281.5M | $368.0K | ||
| Q4 24 | $1.1B | $480.1M | ||
| Q3 24 | $316.2M | $332.8M | ||
| Q2 24 | $218.9M | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $347.6M | ||
| Q3 25 | — | $161.3M | ||
| Q2 25 | — | $57.5M | ||
| Q1 25 | — | $-2.0M | ||
| Q4 24 | — | $415.2M | ||
| Q3 24 | — | $317.6M | ||
| Q2 24 | — | $11.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 106.1% | ||
| Q3 25 | — | 47.4% | ||
| Q2 25 | — | 18.7% | ||
| Q1 25 | — | -0.7% | ||
| Q4 24 | — | 180.9% | ||
| Q3 24 | — | 253.4% | ||
| Q2 24 | — | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 28.2% | ||
| Q3 24 | — | 12.1% | ||
| Q2 24 | — | 8.3% |
| Q1 26 | — | — | ||
| Q4 25 | 12.53× | 3.58× | ||
| Q3 25 | 1.98× | 1.58× | ||
| Q2 25 | 0.93× | 0.81× | ||
| Q1 25 | 1.32× | 0.01× | ||
| Q4 24 | 3.54× | 6.76× | ||
| Q3 24 | 2.52× | — | ||
| Q2 24 | 2.21× | 0.80× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
