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Side-by-side financial comparison of Essex Property Trust (ESS) and Utz Brands, Inc. (UTZ). Click either name above to swap in a different company.

Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $341.0M, roughly 1.4× Utz Brands, Inc.). Essex Property Trust runs the higher net margin — 17.9% vs 0.7%, a 17.2% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -3.1%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -1.5%).

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

Utz Brands, Inc., more commonly known as Utz, is an American snack food company based in Hanover, Pennsylvania. The company produces a variety of potato chips, pretzels, and other snacks, with most products sold under their family of brands. Utz is also a snack supplier to warehouse clubs and merchandisers.

ESS vs UTZ — Head-to-Head

Bigger by revenue
ESS
ESS
1.4× larger
ESS
$479.6M
$341.0M
UTZ
Growing faster (revenue YoY)
ESS
ESS
+8.7% gap
ESS
5.5%
-3.1%
UTZ
Higher net margin
ESS
ESS
17.2% more per $
ESS
17.9%
0.7%
UTZ
Faster 2-yr revenue CAGR
ESS
ESS
Annualised
ESS
6.0%
-1.5%
UTZ

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
ESS
ESS
UTZ
UTZ
Revenue
$479.6M
$341.0M
Net Profit
$85.7M
$2.3M
Gross Margin
70.0%
25.5%
Operating Margin
31.7%
2.1%
Net Margin
17.9%
0.7%
Revenue YoY
5.5%
-3.1%
Net Profit YoY
-71.6%
108.3%
EPS (diluted)
$1.24
$0.04

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
UTZ
UTZ
Q4 25
$479.6M
Q3 25
$473.3M
Q2 25
$469.8M
Q1 25
$464.6M
Q4 24
$454.5M
$341.0M
Q3 24
$450.7M
$365.5M
Q2 24
$442.4M
$356.2M
Q1 24
$426.9M
$346.5M
Net Profit
ESS
ESS
UTZ
UTZ
Q4 25
$85.7M
Q3 25
$172.7M
Q2 25
$231.5M
Q1 25
$212.8M
Q4 24
$301.7M
$2.3M
Q3 24
$125.5M
$-2.2M
Q2 24
$99.0M
$19.8M
Q1 24
$285.1M
$-4.0M
Gross Margin
ESS
ESS
UTZ
UTZ
Q4 25
70.0%
Q3 25
69.2%
Q2 25
70.7%
Q1 25
69.6%
Q4 24
70.0%
25.5%
Q3 24
69.5%
26.9%
Q2 24
70.8%
26.7%
Q1 24
69.7%
25.5%
Operating Margin
ESS
ESS
UTZ
UTZ
Q4 25
31.7%
Q3 25
44.5%
Q2 25
59.5%
Q1 25
55.3%
Q4 24
67.0%
2.1%
Q3 24
28.6%
5.3%
Q2 24
31.1%
6.3%
Q1 24
31.0%
2.8%
Net Margin
ESS
ESS
UTZ
UTZ
Q4 25
17.9%
Q3 25
36.5%
Q2 25
49.3%
Q1 25
45.8%
Q4 24
66.4%
0.7%
Q3 24
27.8%
-0.6%
Q2 24
22.4%
5.6%
Q1 24
66.8%
-1.2%
EPS (diluted)
ESS
ESS
UTZ
UTZ
Q4 25
$1.24
Q3 25
$2.56
Q2 25
$3.44
Q1 25
$3.16
Q4 24
$4.00
$0.04
Q3 24
$1.84
$-0.03
Q2 24
$1.45
$0.23
Q1 24
$4.25
$-0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ESS
ESS
UTZ
UTZ
Cash + ST InvestmentsLiquidity on hand
$76.2M
$56.1M
Total DebtLower is stronger
$768.6M
Stockholders' EquityBook value
$5.5B
$696.9M
Total Assets
$13.2B
$2.7B
Debt / EquityLower = less leverage
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
UTZ
UTZ
Q4 25
$76.2M
Q3 25
$66.0M
Q2 25
$58.7M
Q1 25
$98.7M
Q4 24
$66.8M
$56.1M
Q3 24
$71.3M
$64.9M
Q2 24
$55.2M
$66.6M
Q1 24
$499.0M
$47.0M
Total Debt
ESS
ESS
UTZ
UTZ
Q4 25
Q3 25
$6.4B
Q2 25
$6.4B
Q1 25
$6.8B
Q4 24
$768.6M
Q3 24
$6.4B
$780.8M
Q2 24
$6.2B
$797.6M
Q1 24
$6.6B
$756.9M
Stockholders' Equity
ESS
ESS
UTZ
UTZ
Q4 25
$5.5B
Q3 25
$5.6B
Q2 25
$5.6B
Q1 25
$5.6B
Q4 24
$5.5B
$696.9M
Q3 24
$5.4B
$685.7M
Q2 24
$5.5B
$686.0M
Q1 24
$5.5B
$671.1M
Total Assets
ESS
ESS
UTZ
UTZ
Q4 25
$13.2B
Q3 25
$13.2B
Q2 25
$13.2B
Q1 25
$13.2B
Q4 24
$12.9B
$2.7B
Q3 24
$12.6B
$2.6B
Q2 24
$12.5B
$2.7B
Q1 24
$12.9B
$2.6B
Debt / Equity
ESS
ESS
UTZ
UTZ
Q4 25
Q3 25
1.15×
Q2 25
1.14×
Q1 25
1.22×
Q4 24
1.10×
Q3 24
1.18×
1.14×
Q2 24
1.13×
1.16×
Q1 24
1.19×
1.13×

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
UTZ
UTZ
Operating Cash FlowLast quarter
$1.1B
$54.2M
Free Cash FlowOCF − Capex
$16.5M
FCF MarginFCF / Revenue
4.8%
Capex IntensityCapex / Revenue
11.1%
Cash ConversionOCF / Net Profit
12.53×
23.67×
TTM Free Cash FlowTrailing 4 quarters
$7.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESS
ESS
UTZ
UTZ
Q4 25
$1.1B
Q3 25
$342.6M
Q2 25
$216.1M
Q1 25
$281.5M
Q4 24
$1.1B
$54.2M
Q3 24
$316.2M
$52.2M
Q2 24
$218.9M
$8.9M
Q1 24
$314.9M
$-9.1M
Free Cash Flow
ESS
ESS
UTZ
UTZ
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$16.5M
Q3 24
$29.1M
Q2 24
$-15.3M
Q1 24
$-22.7M
FCF Margin
ESS
ESS
UTZ
UTZ
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
4.8%
Q3 24
8.0%
Q2 24
-4.3%
Q1 24
-6.5%
Capex Intensity
ESS
ESS
UTZ
UTZ
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
11.1%
Q3 24
6.3%
Q2 24
6.8%
Q1 24
3.9%
Cash Conversion
ESS
ESS
UTZ
UTZ
Q4 25
12.53×
Q3 25
1.98×
Q2 25
0.93×
Q1 25
1.32×
Q4 24
3.54×
23.67×
Q3 24
2.52×
Q2 24
2.21×
0.45×
Q1 24
1.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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