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Side-by-side financial comparison of Essex Property Trust (ESS) and TOWER SEMICONDUCTOR LTD (TSEM). Click either name above to swap in a different company.

Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $351.2M, roughly 1.4× TOWER SEMICONDUCTOR LTD). Essex Property Trust runs the higher net margin — 17.9% vs 15.2%, a 2.7% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -1.7%).

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

Tower Semiconductor Ltd. is an Israeli company that manufactures integrated circuits using specialty process technologies, including SiGe, BiCMOS, Silicon Photonics, SOI, mixed-signal and RFCMOS, CMOS image sensors, non-imaging sensors, power management (BCD), and non-volatile memory (NVM) as well as MEMS capabilities. Tower Semiconductor also owns 51% of TPSCo, an enterprise with Nuvoton Technology Corporation Japan (NTCJ).

ESS vs TSEM — Head-to-Head

Bigger by revenue
ESS
ESS
1.4× larger
ESS
$479.6M
$351.2M
TSEM
Growing faster (revenue YoY)
ESS
ESS
+7.2% gap
ESS
5.5%
-1.7%
TSEM
Higher net margin
ESS
ESS
2.7% more per $
ESS
17.9%
15.2%
TSEM

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
ESS
ESS
TSEM
TSEM
Revenue
$479.6M
$351.2M
Net Profit
$85.7M
$53.4M
Gross Margin
70.0%
24.8%
Operating Margin
31.7%
15.7%
Net Margin
17.9%
15.2%
Revenue YoY
5.5%
-1.7%
Net Profit YoY
-71.6%
4.4%
EPS (diluted)
$1.24
$0.48

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
TSEM
TSEM
Q4 25
$479.6M
Q3 25
$473.3M
Q2 25
$469.8M
Q1 25
$464.6M
Q4 24
$454.5M
Q3 24
$450.7M
Q2 24
$442.4M
$351.2M
Q1 24
$426.9M
Net Profit
ESS
ESS
TSEM
TSEM
Q4 25
$85.7M
Q3 25
$172.7M
Q2 25
$231.5M
Q1 25
$212.8M
Q4 24
$301.7M
Q3 24
$125.5M
Q2 24
$99.0M
$53.4M
Q1 24
$285.1M
Gross Margin
ESS
ESS
TSEM
TSEM
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%
24.8%
Q1 24
69.7%
Operating Margin
ESS
ESS
TSEM
TSEM
Q4 25
31.7%
Q3 25
44.5%
Q2 25
59.5%
Q1 25
55.3%
Q4 24
67.0%
Q3 24
28.6%
Q2 24
31.1%
15.7%
Q1 24
31.0%
Net Margin
ESS
ESS
TSEM
TSEM
Q4 25
17.9%
Q3 25
36.5%
Q2 25
49.3%
Q1 25
45.8%
Q4 24
66.4%
Q3 24
27.8%
Q2 24
22.4%
15.2%
Q1 24
66.8%
EPS (diluted)
ESS
ESS
TSEM
TSEM
Q4 25
$1.24
Q3 25
$2.56
Q2 25
$3.44
Q1 25
$3.16
Q4 24
$4.00
Q3 24
$1.84
Q2 24
$1.45
$0.48
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
TSEM
TSEM
Cash + ST InvestmentsLiquidity on hand
$76.2M
$265.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.5B
$2.5B
Total Assets
$13.2B
$3.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
TSEM
TSEM
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
$265.3M
Q1 24
$499.0M
Total Debt
ESS
ESS
TSEM
TSEM
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
Stockholders' Equity
ESS
ESS
TSEM
TSEM
Q4 25
$5.5B
Q3 25
$5.6B
Q2 25
$5.6B
Q1 25
$5.6B
Q4 24
$5.5B
Q3 24
$5.4B
Q2 24
$5.5B
$2.5B
Q1 24
$5.5B
Total Assets
ESS
ESS
TSEM
TSEM
Q4 25
$13.2B
Q3 25
$13.2B
Q2 25
$13.2B
Q1 25
$13.2B
Q4 24
$12.9B
Q3 24
$12.6B
Q2 24
$12.5B
$3.0B
Q1 24
$12.9B
Debt / Equity
ESS
ESS
TSEM
TSEM
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
ESS
ESS
TSEM
TSEM
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.

Operating Cash Flow
ESS
ESS
TSEM
TSEM
Q4 25
$1.1B
Q3 25
$342.6M
Q2 25
$216.1M
Q1 25
$281.5M
Q4 24
$1.1B
Q3 24
$316.2M
Q2 24
$218.9M
Q1 24
$314.9M
Cash Conversion
ESS
ESS
TSEM
TSEM
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.

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