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Side-by-side financial comparison of Essex Property Trust (ESS) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
TIC Solutions, Inc. is the larger business by last-quarter revenue ($508.3M vs $479.6M, roughly 1.1× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs -9.3%, a 27.2% gap on every dollar of revenue.
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
ESS vs TIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $508.3M |
| Net Profit | $85.7M | $-47.2M |
| Gross Margin | 70.0% | 35.2% |
| Operating Margin | 31.7% | -3.8% |
| Net Margin | 17.9% | -9.3% |
| Revenue YoY | 5.5% | — |
| Net Profit YoY | -71.6% | — |
| EPS (diluted) | $1.24 | — |
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 | $508.3M | ||
| Q3 25 | $473.3M | $473.9M | ||
| Q2 25 | $469.8M | $313.9M | ||
| Q1 25 | $464.6M | $234.2M | ||
| Q4 24 | $454.5M | — | ||
| Q3 24 | $450.7M | — | ||
| Q2 24 | $442.4M | — | ||
| Q1 24 | $426.9M | — |
| Q4 25 | $85.7M | $-47.2M | ||
| Q3 25 | $172.7M | $-13.9M | ||
| Q2 25 | $231.5M | $-233.0K | ||
| Q1 25 | $212.8M | $-25.8M | ||
| Q4 24 | $301.7M | — | ||
| Q3 24 | $125.5M | — | ||
| Q2 24 | $99.0M | — | ||
| Q1 24 | $285.1M | — |
| Q4 25 | 70.0% | 35.2% | ||
| Q3 25 | 69.2% | 32.2% | ||
| Q2 25 | 70.7% | 23.6% | ||
| Q1 25 | 69.6% | 18.6% | ||
| Q4 24 | 70.0% | — | ||
| Q3 24 | 69.5% | — | ||
| Q2 24 | 70.8% | — | ||
| Q1 24 | 69.7% | — |
| Q4 25 | 31.7% | -3.8% | ||
| Q3 25 | 44.5% | -1.4% | ||
| Q2 25 | 59.5% | 5.8% | ||
| Q1 25 | 55.3% | -4.0% | ||
| Q4 24 | 67.0% | — | ||
| Q3 24 | 28.6% | — | ||
| Q2 24 | 31.1% | — | ||
| Q1 24 | 31.0% | — |
| Q4 25 | 17.9% | -9.3% | ||
| Q3 25 | 36.5% | -2.9% | ||
| Q2 25 | 49.3% | -0.1% | ||
| Q1 25 | 45.8% | -11.0% | ||
| Q4 24 | 66.4% | — | ||
| Q3 24 | 27.8% | — | ||
| Q2 24 | 22.4% | — | ||
| Q1 24 | 66.8% | — |
| Q4 25 | $1.24 | — | ||
| Q3 25 | $2.56 | $-0.08 | ||
| Q2 25 | $3.44 | — | ||
| Q1 25 | $3.16 | — | ||
| Q4 24 | $4.00 | — | ||
| Q3 24 | $1.84 | — | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $76.2M | $439.5M |
| Total DebtLower is stronger | — | $1.6B |
| Stockholders' EquityBook value | $5.5B | $2.2B |
| Total Assets | $13.2B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $439.5M | ||
| Q3 25 | $66.0M | $164.4M | ||
| Q2 25 | $58.7M | $130.1M | ||
| Q1 25 | $98.7M | $155.7M | ||
| Q4 24 | $66.8M | — | ||
| Q3 24 | $71.3M | — | ||
| Q2 24 | $55.2M | — | ||
| Q1 24 | $499.0M | — |
| Q4 25 | — | $1.6B | ||
| Q3 25 | $6.4B | $1.6B | ||
| Q2 25 | $6.4B | $751.3M | ||
| Q1 25 | $6.8B | $752.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.6B | — |
| Q4 25 | $5.5B | $2.2B | ||
| Q3 25 | $5.6B | $2.0B | ||
| Q2 25 | $5.6B | $1.2B | ||
| Q1 25 | $5.6B | $1.1B | ||
| Q4 24 | $5.5B | — | ||
| Q3 24 | $5.4B | — | ||
| Q2 24 | $5.5B | — | ||
| Q1 24 | $5.5B | — |
| Q4 25 | $13.2B | $4.4B | ||
| Q3 25 | $13.2B | $4.2B | ||
| Q2 25 | $13.2B | $2.2B | ||
| Q1 25 | $13.2B | $2.2B | ||
| Q4 24 | $12.9B | — | ||
| Q3 24 | $12.6B | — | ||
| Q2 24 | $12.5B | — | ||
| Q1 24 | $12.9B | — |
| Q4 25 | — | 0.74× | ||
| Q3 25 | 1.15× | 0.83× | ||
| Q2 25 | 1.14× | 0.64× | ||
| Q1 25 | 1.22× | 0.67× | ||
| 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 | $49.7M |
| Free Cash FlowOCF − Capex | — | $37.1M |
| FCF MarginFCF / Revenue | — | 7.3% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | 12.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $49.7M | ||
| Q3 25 | $342.6M | $19.0M | ||
| Q2 25 | $216.1M | $-6.5M | ||
| Q1 25 | $281.5M | $32.8M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $316.2M | — | ||
| Q2 24 | $218.9M | — | ||
| Q1 24 | $314.9M | — |
| Q4 25 | — | $37.1M | ||
| Q3 25 | — | $10.3M | ||
| Q2 25 | — | $-14.5M | ||
| Q1 25 | — | $28.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 7.3% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | -4.6% | ||
| Q1 25 | — | 12.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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
Segment breakdown not available.
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
