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

Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $461.8M, roughly 1.0× VALVOLINE INC). Essex Property Trust runs the higher net margin — 17.9% vs -7.1%, a 25.0% gap on every dollar of revenue. On growth, VALVOLINE INC posted the faster year-over-year revenue change (11.5% vs 5.5%). Over the past eight quarters, VALVOLINE INC's revenue compounded faster (9.0% CAGR vs 6.0%).

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

Valvoline Inc. is an American retail automotive services company based in Lexington, Kentucky. It licenses the name for a number of Valvoline-labeled automotive oil, additives, and lubricants. It also owns the Valvoline Instant Oil Change, Great Canadian Oil Change and Valvoline Express Care car repair chains. As of 2023, it is the second largest oil change service provider in the United States with 10% market share and over 1,650 locations.

ESS vs VVV — Head-to-Head

Bigger by revenue
ESS
ESS
1.0× larger
ESS
$479.6M
$461.8M
VVV
Growing faster (revenue YoY)
VVV
VVV
+5.9% gap
VVV
11.5%
5.5%
ESS
Higher net margin
ESS
ESS
25.0% more per $
ESS
17.9%
-7.1%
VVV
Faster 2-yr revenue CAGR
VVV
VVV
Annualised
VVV
9.0%
6.0%
ESS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ESS
ESS
VVV
VVV
Revenue
$479.6M
$461.8M
Net Profit
$85.7M
$-32.8M
Gross Margin
70.0%
37.4%
Operating Margin
31.7%
4.0%
Net Margin
17.9%
-7.1%
Revenue YoY
5.5%
11.5%
Net Profit YoY
-71.6%
-135.8%
EPS (diluted)
$1.24
$-0.26

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
VVV
VVV
Q4 25
$479.6M
$461.8M
Q3 25
$473.3M
$453.8M
Q2 25
$469.8M
$439.0M
Q1 25
$464.6M
$403.2M
Q4 24
$454.5M
$414.3M
Q3 24
$450.7M
$435.5M
Q2 24
$442.4M
$421.4M
Q1 24
$426.9M
$388.7M
Net Profit
ESS
ESS
VVV
VVV
Q4 25
$85.7M
$-32.8M
Q3 25
$172.7M
$25.0M
Q2 25
$231.5M
$56.5M
Q1 25
$212.8M
$37.6M
Q4 24
$301.7M
$91.6M
Q3 24
$125.5M
$92.3M
Q2 24
$99.0M
$45.9M
Q1 24
$285.1M
$41.4M
Gross Margin
ESS
ESS
VVV
VVV
Q4 25
70.0%
37.4%
Q3 25
69.2%
39.1%
Q2 25
70.7%
40.5%
Q1 25
69.6%
37.3%
Q4 24
70.0%
36.9%
Q3 24
69.5%
39.1%
Q2 24
70.8%
39.7%
Q1 24
69.7%
37.6%
Operating Margin
ESS
ESS
VVV
VVV
Q4 25
31.7%
4.0%
Q3 25
44.5%
18.6%
Q2 25
59.5%
21.6%
Q1 25
55.3%
16.6%
Q4 24
67.0%
34.7%
Q3 24
28.6%
30.9%
Q2 24
31.1%
22.2%
Q1 24
31.0%
19.7%
Net Margin
ESS
ESS
VVV
VVV
Q4 25
17.9%
-7.1%
Q3 25
36.5%
5.5%
Q2 25
49.3%
12.9%
Q1 25
45.8%
9.3%
Q4 24
66.4%
22.1%
Q3 24
27.8%
21.2%
Q2 24
22.4%
10.9%
Q1 24
66.8%
10.7%
EPS (diluted)
ESS
ESS
VVV
VVV
Q4 25
$1.24
$-0.26
Q3 25
$2.56
$0.20
Q2 25
$3.44
$0.44
Q1 25
$3.16
$0.29
Q4 24
$4.00
$0.71
Q3 24
$1.84
$0.70
Q2 24
$1.45
$0.35
Q1 24
$4.25
$0.32

Balance Sheet & Financial Strength

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

Metric
ESS
ESS
VVV
VVV
Cash + ST InvestmentsLiquidity on hand
$76.2M
$69.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.5B
$307.6M
Total Assets
$13.2B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
VVV
VVV
Q4 25
$76.2M
$69.9M
Q3 25
$66.0M
$51.6M
Q2 25
$58.7M
$68.3M
Q1 25
$98.7M
$61.9M
Q4 24
$66.8M
$60.0M
Q3 24
$71.3M
$68.3M
Q2 24
$55.2M
$65.7M
Q1 24
$499.0M
$494.5M
Total Debt
ESS
ESS
VVV
VVV
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
VVV
VVV
Q4 25
$5.5B
$307.6M
Q3 25
$5.6B
$338.5M
Q2 25
$5.6B
$313.6M
Q1 25
$5.6B
$248.7M
Q4 24
$5.5B
$229.8M
Q3 24
$5.4B
$185.6M
Q2 24
$5.5B
$106.5M
Q1 24
$5.5B
$60.1M
Total Assets
ESS
ESS
VVV
VVV
Q4 25
$13.2B
$3.4B
Q3 25
$13.2B
$2.7B
Q2 25
$13.2B
$2.6B
Q1 25
$13.2B
$2.5B
Q4 24
$12.9B
$2.3B
Q3 24
$12.6B
$2.4B
Q2 24
$12.5B
$2.4B
Q1 24
$12.9B
$2.8B
Debt / Equity
ESS
ESS
VVV
VVV
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
VVV
VVV
Operating Cash FlowLast quarter
$1.1B
$64.8M
Free Cash FlowOCF − Capex
$7.4M
FCF MarginFCF / Revenue
1.6%
Capex IntensityCapex / Revenue
12.4%
Cash ConversionOCF / Net Profit
12.53×
TTM Free Cash FlowTrailing 4 quarters
$57.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESS
ESS
VVV
VVV
Q4 25
$1.1B
$64.8M
Q3 25
$342.6M
$121.9M
Q2 25
$216.1M
$86.9M
Q1 25
$281.5M
$47.2M
Q4 24
$1.1B
$41.2M
Q3 24
$316.2M
$101.3M
Q2 24
$218.9M
$75.6M
Q1 24
$314.9M
$68.3M
Free Cash Flow
ESS
ESS
VVV
VVV
Q4 25
$7.4M
Q3 25
$23.0M
Q2 25
$32.0M
Q1 25
$-4.6M
Q4 24
$-12.4M
Q3 24
$29.9M
Q2 24
$9.8M
Q1 24
$23.4M
FCF Margin
ESS
ESS
VVV
VVV
Q4 25
1.6%
Q3 25
5.1%
Q2 25
7.3%
Q1 25
-1.1%
Q4 24
-3.0%
Q3 24
6.9%
Q2 24
2.3%
Q1 24
6.0%
Capex Intensity
ESS
ESS
VVV
VVV
Q4 25
12.4%
Q3 25
21.8%
Q2 25
12.5%
Q1 25
12.8%
Q4 24
12.9%
Q3 24
16.4%
Q2 24
15.6%
Q1 24
11.6%
Cash Conversion
ESS
ESS
VVV
VVV
Q4 25
12.53×
Q3 25
1.98×
4.88×
Q2 25
0.93×
1.54×
Q1 25
1.32×
1.26×
Q4 24
3.54×
0.45×
Q3 24
2.52×
1.10×
Q2 24
2.21×
1.65×
Q1 24
1.10×
1.65×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESS
ESS

Segment breakdown not available.

VVV
VVV

Oil Change And Related Fees$337.7M73%
Non Oil Change And Related Fees$100.5M22%
Franchise Fees And Other$23.6M5%

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