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Side-by-side financial comparison of Essex Property Trust (ESS) and VALHI INC (VHI). Click either name above to swap in a different company.

VALHI INC is the larger business by last-quarter revenue ($494.5M vs $479.6M, roughly 1.0× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs -10.8%, a 28.6% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs 2.8%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -3.5%).

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

Valhi, Inc. is an American holding company operating through wholly and majority-owned subsidiaries in a number of different industries. It was founded in 1987 as a result of the merger of the LLC Corporation and Amalgamated Sugar Company. The Contran Corporation owned 93% of Valhi's common stock as of December 2014. The chairman of the company was Harold Simmons until his death in 2013. As of 2014 it was a Fortune 1000 company.

ESS vs VHI — Head-to-Head

Bigger by revenue
VHI
VHI
1.0× larger
VHI
$494.5M
$479.6M
ESS
Growing faster (revenue YoY)
ESS
ESS
+2.7% gap
ESS
5.5%
2.8%
VHI
Higher net margin
ESS
ESS
28.6% more per $
ESS
17.9%
-10.8%
VHI
Faster 2-yr revenue CAGR
ESS
ESS
Annualised
ESS
6.0%
-3.5%
VHI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESS
ESS
VHI
VHI
Revenue
$479.6M
$494.5M
Net Profit
$85.7M
$-53.2M
Gross Margin
70.0%
6.9%
Operating Margin
31.7%
-6.2%
Net Margin
17.9%
-10.8%
Revenue YoY
5.5%
2.8%
Net Profit YoY
-71.6%
-333.3%
EPS (diluted)
$1.24
$-1.86

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
VHI
VHI
Q4 25
$479.6M
$494.5M
Q3 25
$473.3M
$503.5M
Q2 25
$469.8M
$540.4M
Q1 25
$464.6M
$538.6M
Q4 24
$454.5M
$480.9M
Q3 24
$450.7M
$533.6M
Q2 24
$442.4M
$559.7M
Q1 24
$426.9M
$530.6M
Net Profit
ESS
ESS
VHI
VHI
Q4 25
$85.7M
$-53.2M
Q3 25
$172.7M
$-22.2M
Q2 25
$231.5M
$900.0K
Q1 25
$212.8M
$16.9M
Q4 24
$301.7M
$22.8M
Q3 24
$125.5M
$57.5M
Q2 24
$99.0M
$19.9M
Q1 24
$285.1M
$7.8M
Gross Margin
ESS
ESS
VHI
VHI
Q4 25
70.0%
6.9%
Q3 25
69.2%
12.0%
Q2 25
70.7%
14.5%
Q1 25
69.6%
22.7%
Q4 24
70.0%
20.9%
Q3 24
69.5%
21.8%
Q2 24
70.8%
21.7%
Q1 24
69.7%
16.3%
Operating Margin
ESS
ESS
VHI
VHI
Q4 25
31.7%
-6.2%
Q3 25
44.5%
1.7%
Q2 25
59.5%
6.6%
Q1 25
55.3%
9.3%
Q4 24
67.0%
11.8%
Q3 24
28.6%
12.7%
Q2 24
31.1%
9.8%
Q1 24
31.0%
5.9%
Net Margin
ESS
ESS
VHI
VHI
Q4 25
17.9%
-10.8%
Q3 25
36.5%
-4.4%
Q2 25
49.3%
0.2%
Q1 25
45.8%
3.1%
Q4 24
66.4%
4.7%
Q3 24
27.8%
10.8%
Q2 24
22.4%
3.6%
Q1 24
66.8%
1.5%
EPS (diluted)
ESS
ESS
VHI
VHI
Q4 25
$1.24
$-1.86
Q3 25
$2.56
$-0.78
Q2 25
$3.44
$0.03
Q1 25
$3.16
$0.59
Q4 24
$4.00
$0.81
Q3 24
$1.84
$2.01
Q2 24
$1.45
$0.70
Q1 24
$4.25
$0.27

Balance Sheet & Financial Strength

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

Metric
ESS
ESS
VHI
VHI
Cash + ST InvestmentsLiquidity on hand
$76.2M
$216.9M
Total DebtLower is stronger
$590.9M
Stockholders' EquityBook value
$5.5B
$1.0B
Total Assets
$13.2B
$2.6B
Debt / EquityLower = less leverage
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
VHI
VHI
Q4 25
$76.2M
$216.9M
Q3 25
$66.0M
$186.6M
Q2 25
$58.7M
$190.9M
Q1 25
$98.7M
$196.4M
Q4 24
$66.8M
$350.2M
Q3 24
$71.3M
$316.7M
Q2 24
$55.2M
$386.9M
Q1 24
$499.0M
$372.7M
Total Debt
ESS
ESS
VHI
VHI
Q4 25
$590.9M
Q3 25
$6.4B
$661.5M
Q2 25
$6.4B
$544.8M
Q1 25
$6.8B
$525.9M
Q4 24
$484.4M
Q3 24
$6.4B
$526.6M
Q2 24
$6.2B
$497.4M
Q1 24
$6.6B
$511.2M
Stockholders' Equity
ESS
ESS
VHI
VHI
Q4 25
$5.5B
$1.0B
Q3 25
$5.6B
$1.0B
Q2 25
$5.6B
$1.1B
Q1 25
$5.6B
$1.1B
Q4 24
$5.5B
$1.0B
Q3 24
$5.4B
$1.0B
Q2 24
$5.5B
$962.6M
Q1 24
$5.5B
$928.2M
Total Assets
ESS
ESS
VHI
VHI
Q4 25
$13.2B
$2.6B
Q3 25
$13.2B
$2.7B
Q2 25
$13.2B
$2.8B
Q1 25
$13.2B
$2.8B
Q4 24
$12.9B
$2.8B
Q3 24
$12.6B
$2.8B
Q2 24
$12.5B
$2.5B
Q1 24
$12.9B
$2.6B
Debt / Equity
ESS
ESS
VHI
VHI
Q4 25
0.58×
Q3 25
1.15×
0.63×
Q2 25
1.14×
0.51×
Q1 25
1.22×
0.49×
Q4 24
0.47×
Q3 24
1.18×
0.52×
Q2 24
1.13×
0.52×
Q1 24
1.19×
0.55×

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
VHI
VHI
Operating Cash FlowLast quarter
$1.1B
$100.6M
Free Cash FlowOCF − Capex
$89.8M
FCF MarginFCF / Revenue
18.2%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
12.53×
TTM Free Cash FlowTrailing 4 quarters
$-82.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESS
ESS
VHI
VHI
Q4 25
$1.1B
$100.6M
Q3 25
$342.6M
$-1.9M
Q2 25
$216.1M
$21.7M
Q1 25
$281.5M
$-155.9M
Q4 24
$1.1B
$45.8M
Q3 24
$316.2M
$13.5M
Q2 24
$218.9M
$33.5M
Q1 24
$314.9M
$-48.8M
Free Cash Flow
ESS
ESS
VHI
VHI
Q4 25
$89.8M
Q3 25
$-12.3M
Q2 25
$9.1M
Q1 25
$-168.7M
Q4 24
$33.3M
Q3 24
$3.9M
Q2 24
$29.7M
Q1 24
$-53.8M
FCF Margin
ESS
ESS
VHI
VHI
Q4 25
18.2%
Q3 25
-2.4%
Q2 25
1.7%
Q1 25
-31.3%
Q4 24
6.9%
Q3 24
0.7%
Q2 24
5.3%
Q1 24
-10.1%
Capex Intensity
ESS
ESS
VHI
VHI
Q4 25
2.2%
Q3 25
2.1%
Q2 25
2.3%
Q1 25
2.4%
Q4 24
2.6%
Q3 24
1.8%
Q2 24
0.7%
Q1 24
0.9%
Cash Conversion
ESS
ESS
VHI
VHI
Q4 25
12.53×
Q3 25
1.98×
Q2 25
0.93×
24.11×
Q1 25
1.32×
-9.22×
Q4 24
3.54×
2.01×
Q3 24
2.52×
0.23×
Q2 24
2.21×
1.68×
Q1 24
1.10×
-6.26×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESS
ESS

Segment breakdown not available.

VHI
VHI

Chemicals$418.3M85%
Real Estate Management And Development$38.5M8%
Security Products$29.5M6%
Marine Components$8.2M2%

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