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Side-by-side financial comparison of Essex Property Trust (ESS) and VinFast Auto Ltd. (VFS). Click either name above to swap in a different company.

VinFast Auto Ltd. is the larger business by last-quarter revenue ($718.6M vs $479.6M, roughly 1.5× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs -2.8%, a 20.7% 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.

VinFast Auto Ltd. is a Vietnamese multinational automotive company founded by Vingroup, one of the largest private conglomerates in Vietnam that was founded by Phạm Nhật Vượng.

ESS vs VFS — Head-to-Head

Bigger by revenue
VFS
VFS
1.5× larger
VFS
$718.6M
$479.6M
ESS
Higher net margin
ESS
ESS
20.7% more per $
ESS
17.9%
-2.8%
VFS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ESS
ESS
VFS
VFS
Revenue
$479.6M
$718.6M
Net Profit
$85.7M
$-20.0M
Gross Margin
70.0%
Operating Margin
31.7%
-96.1%
Net Margin
17.9%
-2.8%
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.

Revenue
ESS
ESS
VFS
VFS
Q4 25
$479.6M
Q3 25
$473.3M
$718.6M
Q2 25
$469.8M
$663.0M
Q1 25
$464.6M
$656.5M
Q4 24
$454.5M
Q3 24
$450.7M
$511.6M
Q2 24
$442.4M
Q1 24
$426.9M
$302.6M
Net Profit
ESS
ESS
VFS
VFS
Q4 25
$85.7M
Q3 25
$172.7M
$-20.0M
Q2 25
$231.5M
$-51.8M
Q1 25
$212.8M
$-26.1M
Q4 24
$301.7M
Q3 24
$125.5M
$-10.4M
Q2 24
$99.0M
Q1 24
$285.1M
$-618.3M
Gross Margin
ESS
ESS
VFS
VFS
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%
Operating Margin
ESS
ESS
VFS
VFS
Q4 25
31.7%
Q3 25
44.5%
-96.1%
Q2 25
59.5%
-79.0%
Q1 25
55.3%
-74.0%
Q4 24
67.0%
Q3 24
28.6%
-65.9%
Q2 24
31.1%
Q1 24
31.0%
-139.4%
Net Margin
ESS
ESS
VFS
VFS
Q4 25
17.9%
Q3 25
36.5%
-2.8%
Q2 25
49.3%
-7.8%
Q1 25
45.8%
-4.0%
Q4 24
66.4%
Q3 24
27.8%
-2.0%
Q2 24
22.4%
Q1 24
66.8%
-204.3%
EPS (diluted)
ESS
ESS
VFS
VFS
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
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
VFS
VFS
Cash + ST InvestmentsLiquidity on hand
$76.2M
$8.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.5B
Total Assets
$13.2B
$183.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
VFS
VFS
Q4 25
$76.2M
Q3 25
$66.0M
$8.8M
Q2 25
$58.7M
$650.0M
Q1 25
$98.7M
$2.4M
Q4 24
$66.8M
Q3 24
$71.3M
$1.9M
Q2 24
$55.2M
Q1 24
$499.0M
$3.0M
Total Debt
ESS
ESS
VFS
VFS
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
VFS
VFS
Q4 25
$5.5B
Q3 25
$5.6B
Q2 25
$5.6B
$-7.2B
Q1 25
$5.6B
Q4 24
$5.5B
Q3 24
$5.4B
Q2 24
$5.5B
Q1 24
$5.5B
Total Assets
ESS
ESS
VFS
VFS
Q4 25
$13.2B
Q3 25
$13.2B
$183.2M
Q2 25
$13.2B
$7.2B
Q1 25
$13.2B
$158.2M
Q4 24
$12.9B
Q3 24
$12.6B
$151.8M
Q2 24
$12.5B
Q1 24
$12.9B
$145.6M
Debt / Equity
ESS
ESS
VFS
VFS
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
VFS
VFS
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
VFS
VFS
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
VFS
VFS
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
ESS

Segment breakdown not available.

VFS
VFS

Sales of vehicles$662.9M92%
Sales of spare parts and components$41.3M6%
Revenue from leasing activities$12.3M2%
Finance income$2.4M0%
Rendering of services$1.2M0%

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