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Side-by-side financial comparison of Essex Property Trust (ESS) and TIDEWATER INC (TDW). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $336.8M, roughly 1.4× TIDEWATER INC). TIDEWATER INC runs the higher net margin — 65.3% vs 17.9%, a 47.4% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -2.4%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs 2.4%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.
ESS vs TDW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $336.8M |
| Net Profit | $85.7M | $219.9M |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | 19.0% |
| Net Margin | 17.9% | 65.3% |
| Revenue YoY | 5.5% | -2.4% |
| Net Profit YoY | -71.6% | 495.8% |
| EPS (diluted) | $1.24 | $4.37 |
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 | $336.8M | ||
| Q3 25 | $473.3M | $341.1M | ||
| Q2 25 | $469.8M | $341.4M | ||
| Q1 25 | $464.6M | $333.4M | ||
| Q4 24 | $454.5M | $345.1M | ||
| Q3 24 | $450.7M | $340.4M | ||
| Q2 24 | $442.4M | $339.2M | ||
| Q1 24 | $426.9M | $321.2M |
| Q4 25 | $85.7M | $219.9M | ||
| Q3 25 | $172.7M | $-806.0K | ||
| Q2 25 | $231.5M | $72.9M | ||
| Q1 25 | $212.8M | $42.7M | ||
| Q4 24 | $301.7M | $36.9M | ||
| Q3 24 | $125.5M | $46.4M | ||
| Q2 24 | $99.0M | $50.4M | ||
| Q1 24 | $285.1M | $47.0M |
| 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% | 19.0% | ||
| Q3 25 | 44.5% | 18.4% | ||
| Q2 25 | 59.5% | 23.7% | ||
| Q1 25 | 55.3% | 22.5% | ||
| Q4 24 | 67.0% | 23.6% | ||
| Q3 24 | 28.6% | 20.6% | ||
| Q2 24 | 31.1% | 23.0% | ||
| Q1 24 | 31.0% | 25.5% |
| Q4 25 | 17.9% | 65.3% | ||
| Q3 25 | 36.5% | -0.2% | ||
| Q2 25 | 49.3% | 21.4% | ||
| Q1 25 | 45.8% | 12.8% | ||
| Q4 24 | 66.4% | 10.7% | ||
| Q3 24 | 27.8% | 13.6% | ||
| Q2 24 | 22.4% | 14.8% | ||
| Q1 24 | 66.8% | 14.6% |
| Q4 25 | $1.24 | $4.37 | ||
| Q3 25 | $2.56 | $-0.02 | ||
| Q2 25 | $3.44 | $1.46 | ||
| Q1 25 | $3.16 | $0.83 | ||
| Q4 24 | $4.00 | $0.70 | ||
| Q3 24 | $1.84 | $0.87 | ||
| Q2 24 | $1.45 | $0.94 | ||
| Q1 24 | $4.25 | $0.89 |
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 | $578.8M |
| Total DebtLower is stronger | — | $670.1M |
| Stockholders' EquityBook value | $5.5B | $1.4B |
| Total Assets | $13.2B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $578.8M | ||
| Q3 25 | $66.0M | $428.2M | ||
| Q2 25 | $58.7M | $369.4M | ||
| Q1 25 | $98.7M | $341.8M | ||
| Q4 24 | $66.8M | $324.9M | ||
| Q3 24 | $71.3M | $280.8M | ||
| Q2 24 | $55.2M | $315.9M | ||
| Q1 24 | $499.0M | $280.9M |
| Q4 25 | — | $670.1M | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | — | $647.9M | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.6B | — |
| Q4 25 | $5.5B | $1.4B | ||
| Q3 25 | $5.6B | $1.1B | ||
| Q2 25 | $5.6B | $1.1B | ||
| Q1 25 | $5.6B | $1.1B | ||
| Q4 24 | $5.5B | $1.1B | ||
| Q3 24 | $5.4B | $1.1B | ||
| Q2 24 | $5.5B | $1.1B | ||
| Q1 24 | $5.5B | $1.1B |
| Q4 25 | $13.2B | $2.4B | ||
| Q3 25 | $13.2B | $2.1B | ||
| Q2 25 | $13.2B | $2.1B | ||
| Q1 25 | $13.2B | $2.1B | ||
| Q4 24 | $12.9B | $2.1B | ||
| Q3 24 | $12.6B | $2.0B | ||
| Q2 24 | $12.5B | $2.1B | ||
| Q1 24 | $12.9B | $2.1B |
| Q4 25 | — | 0.49× | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | — | 0.58× | ||
| 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 | $153.0M |
| Free Cash FlowOCF − Capex | — | $147.8M |
| FCF MarginFCF / Revenue | — | 43.9% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 12.53× | 0.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $353.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $153.0M | ||
| Q3 25 | $342.6M | $54.7M | ||
| Q2 25 | $216.1M | $85.4M | ||
| Q1 25 | $281.5M | $86.0M | ||
| Q4 24 | $1.1B | $100.0M | ||
| Q3 24 | $316.2M | $49.0M | ||
| Q2 24 | $218.9M | $78.6M | ||
| Q1 24 | $314.9M | $54.8M |
| Q4 25 | — | $147.8M | ||
| Q3 25 | — | $49.6M | ||
| Q2 25 | — | $80.2M | ||
| Q1 25 | — | $75.7M | ||
| Q4 24 | — | $95.5M | ||
| Q3 24 | — | $43.3M | ||
| Q2 24 | — | $72.3M | ||
| Q1 24 | — | $43.8M |
| Q4 25 | — | 43.9% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | — | 22.7% | ||
| Q4 24 | — | 27.7% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 21.3% | ||
| Q1 24 | — | 13.6% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.9% | ||
| Q1 24 | — | 3.4% |
| Q4 25 | 12.53× | 0.70× | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 0.93× | 1.17× | ||
| Q1 25 | 1.32× | 2.02× | ||
| Q4 24 | 3.54× | 2.71× | ||
| Q3 24 | 2.52× | 1.06× | ||
| Q2 24 | 2.21× | 1.56× | ||
| Q1 24 | 1.10× | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
