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Side-by-side financial comparison of Essex Property Trust (ESS) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.

Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $377.3M, roughly 1.3× Bristow Group Inc.). Essex Property Trust runs the higher net margin — 17.9% vs 4.9%, a 13.0% gap on every dollar of revenue. On growth, Bristow Group Inc. posted the faster year-over-year revenue change (6.7% vs 5.5%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs 5.8%).

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

Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.

ESS vs VTOL — Head-to-Head

Bigger by revenue
ESS
ESS
1.3× larger
ESS
$479.6M
$377.3M
VTOL
Growing faster (revenue YoY)
VTOL
VTOL
+1.2% gap
VTOL
6.7%
5.5%
ESS
Higher net margin
ESS
ESS
13.0% more per $
ESS
17.9%
4.9%
VTOL
Faster 2-yr revenue CAGR
ESS
ESS
Annualised
ESS
6.0%
5.8%
VTOL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESS
ESS
VTOL
VTOL
Revenue
$479.6M
$377.3M
Net Profit
$85.7M
$18.4M
Gross Margin
70.0%
Operating Margin
31.7%
8.5%
Net Margin
17.9%
4.9%
Revenue YoY
5.5%
6.7%
Net Profit YoY
-71.6%
-42.1%
EPS (diluted)
$1.24
$0.61

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
VTOL
VTOL
Q4 25
$479.6M
$377.3M
Q3 25
$473.3M
$386.3M
Q2 25
$469.8M
$376.4M
Q1 25
$464.6M
$350.5M
Q4 24
$454.5M
$353.5M
Q3 24
$450.7M
$365.1M
Q2 24
$442.4M
$359.7M
Q1 24
$426.9M
$337.1M
Net Profit
ESS
ESS
VTOL
VTOL
Q4 25
$85.7M
$18.4M
Q3 25
$172.7M
$51.5M
Q2 25
$231.5M
$31.7M
Q1 25
$212.8M
$27.4M
Q4 24
$301.7M
$31.8M
Q3 24
$125.5M
$28.2M
Q2 24
$99.0M
$28.2M
Q1 24
$285.1M
$6.6M
Gross Margin
ESS
ESS
VTOL
VTOL
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
VTOL
VTOL
Q4 25
31.7%
8.5%
Q3 25
44.5%
13.1%
Q2 25
59.5%
11.3%
Q1 25
55.3%
9.6%
Q4 24
67.0%
9.0%
Q3 24
28.6%
9.1%
Q2 24
31.1%
12.4%
Q1 24
31.0%
6.8%
Net Margin
ESS
ESS
VTOL
VTOL
Q4 25
17.9%
4.9%
Q3 25
36.5%
13.3%
Q2 25
49.3%
8.4%
Q1 25
45.8%
7.8%
Q4 24
66.4%
9.0%
Q3 24
27.8%
7.7%
Q2 24
22.4%
7.8%
Q1 24
66.8%
2.0%
EPS (diluted)
ESS
ESS
VTOL
VTOL
Q4 25
$1.24
$0.61
Q3 25
$2.56
$1.72
Q2 25
$3.44
$1.07
Q1 25
$3.16
$0.92
Q4 24
$4.00
$1.07
Q3 24
$1.84
$0.95
Q2 24
$1.45
$0.96
Q1 24
$4.25
$0.23

Balance Sheet & Financial Strength

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

Metric
ESS
ESS
VTOL
VTOL
Cash + ST InvestmentsLiquidity on hand
$76.2M
$286.2M
Total DebtLower is stronger
$671.5M
Stockholders' EquityBook value
$5.5B
$1.1B
Total Assets
$13.2B
$2.3B
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
VTOL
VTOL
Q4 25
$76.2M
$286.2M
Q3 25
$66.0M
$245.5M
Q2 25
$58.7M
$251.8M
Q1 25
$98.7M
$191.1M
Q4 24
$66.8M
$247.5M
Q3 24
$71.3M
$200.3M
Q2 24
$55.2M
$178.6M
Q1 24
$499.0M
$140.6M
Total Debt
ESS
ESS
VTOL
VTOL
Q4 25
$671.5M
Q3 25
$6.4B
$675.0M
Q2 25
$6.4B
$705.2M
Q1 25
$6.8B
$701.9M
Q4 24
$689.8M
Q3 24
$6.4B
$629.1M
Q2 24
$6.2B
$594.2M
Q1 24
$6.6B
$544.1M
Stockholders' Equity
ESS
ESS
VTOL
VTOL
Q4 25
$5.5B
$1.1B
Q3 25
$5.6B
$1.0B
Q2 25
$5.6B
$984.4M
Q1 25
$5.6B
$931.7M
Q4 24
$5.5B
$891.7M
Q3 24
$5.4B
$899.2M
Q2 24
$5.5B
$849.1M
Q1 24
$5.5B
$820.7M
Total Assets
ESS
ESS
VTOL
VTOL
Q4 25
$13.2B
$2.3B
Q3 25
$13.2B
$2.3B
Q2 25
$13.2B
$2.3B
Q1 25
$13.2B
$2.2B
Q4 24
$12.9B
$2.1B
Q3 24
$12.6B
$2.1B
Q2 24
$12.5B
$2.0B
Q1 24
$12.9B
$1.9B
Debt / Equity
ESS
ESS
VTOL
VTOL
Q4 25
0.63×
Q3 25
1.15×
0.65×
Q2 25
1.14×
0.72×
Q1 25
1.22×
0.75×
Q4 24
0.77×
Q3 24
1.18×
0.70×
Q2 24
1.13×
0.70×
Q1 24
1.19×
0.66×

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
VTOL
VTOL
Operating Cash FlowLast quarter
$1.1B
$76.9M
Free Cash FlowOCF − Capex
$47.8M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
7.7%
Cash ConversionOCF / Net Profit
12.53×
4.17×
TTM Free Cash FlowTrailing 4 quarters
$56.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESS
ESS
VTOL
VTOL
Q4 25
$1.1B
$76.9M
Q3 25
$342.6M
$23.1M
Q2 25
$216.1M
$99.0M
Q1 25
$281.5M
$-603.0K
Q4 24
$1.1B
$51.1M
Q3 24
$316.2M
$66.0M
Q2 24
$218.9M
$33.7M
Q1 24
$314.9M
$26.7M
Free Cash Flow
ESS
ESS
VTOL
VTOL
Q4 25
$47.8M
Q3 25
$-6.2M
Q2 25
$67.4M
Q1 25
$-52.7M
Q4 24
$-32.4M
Q3 24
$9.0M
Q2 24
$-16.7M
Q1 24
$-37.9M
FCF Margin
ESS
ESS
VTOL
VTOL
Q4 25
12.7%
Q3 25
-1.6%
Q2 25
17.9%
Q1 25
-15.0%
Q4 24
-9.2%
Q3 24
2.5%
Q2 24
-4.6%
Q1 24
-11.2%
Capex Intensity
ESS
ESS
VTOL
VTOL
Q4 25
7.7%
Q3 25
7.6%
Q2 25
8.4%
Q1 25
14.9%
Q4 24
23.6%
Q3 24
15.6%
Q2 24
14.0%
Q1 24
19.2%
Cash Conversion
ESS
ESS
VTOL
VTOL
Q4 25
12.53×
4.17×
Q3 25
1.98×
0.45×
Q2 25
0.93×
3.12×
Q1 25
1.32×
-0.02×
Q4 24
3.54×
1.61×
Q3 24
2.52×
2.34×
Q2 24
2.21×
1.20×
Q1 24
1.10×
4.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESS
ESS

Segment breakdown not available.

VTOL
VTOL

Offshore Energy Services$247.5M66%
Government Services$100.1M27%
Other$21.9M6%
Related Party$7.8M2%

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