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Side-by-side financial comparison of Essex Property Trust (ESS) and TRINITY INDUSTRIES INC (TRN). Click either name above to swap in a different company.
TRINITY INDUSTRIES INC is the larger business by last-quarter revenue ($611.2M vs $479.6M, roughly 1.3× Essex Property Trust). TRINITY INDUSTRIES INC runs the higher net margin — 31.8% vs 17.9%, a 13.9% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -2.9%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -13.1%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
Trinity Industries Inc. is an American industrial corporation that owns a variety of businesses which provide products and services to the industrial, energy, transportation and construction sectors.
ESS vs TRN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $611.2M |
| Net Profit | $85.7M | $194.2M |
| Gross Margin | 70.0% | 25.5% |
| Operating Margin | 31.7% | 54.9% |
| Net Margin | 17.9% | 31.8% |
| Revenue YoY | 5.5% | -2.9% |
| Net Profit YoY | -71.6% | 413.8% |
| EPS (diluted) | $1.24 | $2.25 |
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 | $611.2M | ||
| Q3 25 | $473.3M | $454.1M | ||
| Q2 25 | $469.8M | $506.2M | ||
| Q1 25 | $464.6M | $585.4M | ||
| Q4 24 | $454.5M | $629.4M | ||
| Q3 24 | $450.7M | $798.8M | ||
| Q2 24 | $442.4M | $841.4M | ||
| Q1 24 | $426.9M | $809.6M |
| Q4 25 | $85.7M | $194.2M | ||
| Q3 25 | $172.7M | $30.3M | ||
| Q2 25 | $231.5M | $14.1M | ||
| Q1 25 | $212.8M | $22.1M | ||
| Q4 24 | $301.7M | $37.8M | ||
| Q3 24 | $125.5M | $31.4M | ||
| Q2 24 | $99.0M | $54.4M | ||
| Q1 24 | $285.1M | $23.7M |
| Q4 25 | 70.0% | 25.5% | ||
| Q3 25 | 69.2% | 31.1% | ||
| Q2 25 | 70.7% | 26.4% | ||
| Q1 25 | 69.6% | 24.3% | ||
| Q4 24 | 70.0% | 24.6% | ||
| Q3 24 | 69.5% | 21.2% | ||
| Q2 24 | 70.8% | 21.3% | ||
| Q1 24 | 69.7% | 20.3% |
| Q4 25 | 31.7% | 54.9% | ||
| Q3 25 | 44.5% | 26.1% | ||
| Q2 25 | 59.5% | 18.8% | ||
| Q1 25 | 55.3% | 17.0% | ||
| Q4 24 | 67.0% | 17.8% | ||
| Q3 24 | 28.6% | 15.3% | ||
| Q2 24 | 31.1% | 16.9% | ||
| Q1 24 | 31.0% | 14.2% |
| Q4 25 | 17.9% | 31.8% | ||
| Q3 25 | 36.5% | 6.7% | ||
| Q2 25 | 49.3% | 2.8% | ||
| Q1 25 | 45.8% | 3.8% | ||
| Q4 24 | 66.4% | 6.0% | ||
| Q3 24 | 27.8% | 3.9% | ||
| Q2 24 | 22.4% | 6.5% | ||
| Q1 24 | 66.8% | 2.9% |
| Q4 25 | $1.24 | $2.25 | ||
| Q3 25 | $2.56 | $0.37 | ||
| Q2 25 | $3.44 | $0.17 | ||
| Q1 25 | $3.16 | $0.26 | ||
| Q4 24 | $4.00 | $0.34 | ||
| Q3 24 | $1.84 | $0.37 | ||
| Q2 24 | $1.45 | $0.65 | ||
| Q1 24 | $4.25 | $0.28 |
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 | $201.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $1.1B |
| Total Assets | $13.2B | $8.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $201.3M | ||
| Q3 25 | $66.0M | $66.3M | ||
| Q2 25 | $58.7M | $147.7M | ||
| Q1 25 | $98.7M | $94.9M | ||
| Q4 24 | $66.8M | $228.2M | ||
| Q3 24 | $71.3M | $222.4M | ||
| Q2 24 | $55.2M | $257.1M | ||
| Q1 24 | $499.0M | $118.8M |
| Q4 25 | — | — | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.6B | — |
| Q4 25 | $5.5B | $1.1B | ||
| Q3 25 | $5.6B | $1.0B | ||
| Q2 25 | $5.6B | $1.0B | ||
| 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 | $1.0B |
| Q4 25 | $13.2B | $8.4B | ||
| Q3 25 | $13.2B | $8.9B | ||
| Q2 25 | $13.2B | $8.8B | ||
| Q1 25 | $13.2B | $8.7B | ||
| Q4 24 | $12.9B | $8.8B | ||
| Q3 24 | $12.6B | $8.8B | ||
| Q2 24 | $12.5B | $9.0B | ||
| Q1 24 | $12.9B | $9.1B |
| Q4 25 | — | — | ||
| Q3 25 | 1.15× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.1B | $177.4M |
| Free Cash FlowOCF − Capex | — | $158.6M |
| FCF MarginFCF / Revenue | — | 25.9% |
| Capex IntensityCapex / Revenue | — | 3.1% |
| Cash ConversionOCF / Net Profit | 12.53× | 0.91× |
| TTM Free Cash FlowTrailing 4 quarters | — | $314.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $177.4M | ||
| Q3 25 | $342.6M | $44.2M | ||
| Q2 25 | $216.1M | $61.6M | ||
| Q1 25 | $281.5M | $76.5M | ||
| Q4 24 | $1.1B | $201.6M | ||
| Q3 24 | $316.2M | $78.5M | ||
| Q2 24 | $218.9M | $241.5M | ||
| Q1 24 | $314.9M | $52.2M |
| Q4 25 | — | $158.6M | ||
| Q3 25 | — | $35.3M | ||
| Q2 25 | — | $52.9M | ||
| Q1 25 | — | $67.3M | ||
| Q4 24 | — | $180.1M | ||
| Q3 24 | — | $62.1M | ||
| Q2 24 | — | $230.2M | ||
| Q1 24 | — | $47.6M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 7.8% | ||
| Q2 25 | — | 10.5% | ||
| Q1 25 | — | 11.5% | ||
| Q4 24 | — | 28.6% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 27.4% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | 12.53× | 0.91× | ||
| Q3 25 | 1.98× | 1.46× | ||
| Q2 25 | 0.93× | 4.37× | ||
| Q1 25 | 1.32× | 3.46× | ||
| Q4 24 | 3.54× | 5.33× | ||
| Q3 24 | 2.52× | 2.50× | ||
| Q2 24 | 2.21× | 4.44× | ||
| Q1 24 | 1.10× | 2.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
TRN
| Manufacturing | $296.5M | 49% |
| Leasing And Management | $234.8M | 38% |
| Maintenance Services Domain | $69.8M | 11% |
| Digital Logistics Services | $11.2M | 2% |
