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Side-by-side financial comparison of Essex Property Trust (ESS) and NCR Voyix Corp (VYX). Click either name above to swap in a different company.

NCR Voyix Corp is the larger business by last-quarter revenue ($720.0M vs $479.6M, roughly 1.5× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs 13.6%, a 4.3% gap on every dollar of revenue. On growth, NCR Voyix Corp posted the faster year-over-year revenue change (6.2% vs 5.5%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs 0.7%).

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

NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.

ESS vs VYX — Head-to-Head

Bigger by revenue
VYX
VYX
1.5× larger
VYX
$720.0M
$479.6M
ESS
Growing faster (revenue YoY)
VYX
VYX
+0.7% gap
VYX
6.2%
5.5%
ESS
Higher net margin
ESS
ESS
4.3% more per $
ESS
17.9%
13.6%
VYX
Faster 2-yr revenue CAGR
ESS
ESS
Annualised
ESS
6.0%
0.7%
VYX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESS
ESS
VYX
VYX
Revenue
$479.6M
$720.0M
Net Profit
$85.7M
$98.0M
Gross Margin
70.0%
Operating Margin
31.7%
2.4%
Net Margin
17.9%
13.6%
Revenue YoY
5.5%
6.2%
Net Profit YoY
-71.6%
990.9%
EPS (diluted)
$1.24
$0.64

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
VYX
VYX
Q4 25
$479.6M
$720.0M
Q3 25
$473.3M
$684.0M
Q2 25
$469.8M
$666.0M
Q1 25
$464.6M
$617.0M
Q4 24
$454.5M
$678.0M
Q3 24
$450.7M
$708.0M
Q2 24
$442.4M
$722.0M
Q1 24
$426.9M
$710.0M
Net Profit
ESS
ESS
VYX
VYX
Q4 25
$85.7M
$98.0M
Q3 25
$172.7M
$-19.0M
Q2 25
$231.5M
$0
Q1 25
$212.8M
$-17.0M
Q4 24
$301.7M
$-11.0M
Q3 24
$125.5M
$1.1B
Q2 24
$99.0M
$-73.0M
Q1 24
$285.1M
$-40.0M
Gross Margin
ESS
ESS
VYX
VYX
Q4 25
70.0%
Q3 25
69.2%
Q2 25
70.7%
Q1 25
69.6%
Q4 24
70.0%
Q3 24
69.5%
23.4%
Q2 24
70.8%
17.5%
Q1 24
69.7%
19.4%
Operating Margin
ESS
ESS
VYX
VYX
Q4 25
31.7%
2.4%
Q3 25
44.5%
2.2%
Q2 25
59.5%
2.1%
Q1 25
55.3%
-3.2%
Q4 24
67.0%
-0.1%
Q3 24
28.6%
2.3%
Q2 24
31.1%
-4.7%
Q1 24
31.0%
-2.7%
Net Margin
ESS
ESS
VYX
VYX
Q4 25
17.9%
13.6%
Q3 25
36.5%
-2.8%
Q2 25
49.3%
Q1 25
45.8%
-2.8%
Q4 24
66.4%
-1.6%
Q3 24
27.8%
152.8%
Q2 24
22.4%
-10.1%
Q1 24
66.8%
-5.6%
EPS (diluted)
ESS
ESS
VYX
VYX
Q4 25
$1.24
$0.64
Q3 25
$2.56
$-0.16
Q2 25
$3.44
$-0.03
Q1 25
$3.16
$-0.15
Q4 24
$4.00
$-0.05
Q3 24
$1.84
$7.41
Q2 24
$1.45
$-0.53
Q1 24
$4.25
$-0.31

Balance Sheet & Financial Strength

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

Metric
ESS
ESS
VYX
VYX
Cash + ST InvestmentsLiquidity on hand
$76.2M
$231.0M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$5.5B
$948.0M
Total Assets
$13.2B
$3.9B
Debt / EquityLower = less leverage
1.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
VYX
VYX
Q4 25
$76.2M
$231.0M
Q3 25
$66.0M
$282.0M
Q2 25
$58.7M
$276.0M
Q1 25
$98.7M
$573.0M
Q4 24
$66.8M
$722.0M
Q3 24
$71.3M
$792.0M
Q2 24
$55.2M
$203.0M
Q1 24
$499.0M
$241.0M
Total Debt
ESS
ESS
VYX
VYX
Q4 25
$1.1B
Q3 25
$6.4B
Q2 25
$6.4B
Q1 25
$6.8B
Q4 24
$1.1B
Q3 24
$6.4B
Q2 24
$6.2B
Q1 24
$6.6B
Stockholders' Equity
ESS
ESS
VYX
VYX
Q4 25
$5.5B
$948.0M
Q3 25
$5.6B
$848.0M
Q2 25
$5.6B
$867.0M
Q1 25
$5.6B
$857.0M
Q4 24
$5.5B
$933.0M
Q3 24
$5.4B
$1.0B
Q2 24
$5.5B
$-85.0M
Q1 24
$5.5B
$-34.0M
Total Assets
ESS
ESS
VYX
VYX
Q4 25
$13.2B
$3.9B
Q3 25
$13.2B
$4.0B
Q2 25
$13.2B
$4.0B
Q1 25
$13.2B
$4.3B
Q4 24
$12.9B
$4.5B
Q3 24
$12.6B
$4.7B
Q2 24
$12.5B
$4.8B
Q1 24
$12.9B
$5.0B
Debt / Equity
ESS
ESS
VYX
VYX
Q4 25
1.17×
Q3 25
1.15×
Q2 25
1.14×
Q1 25
1.22×
Q4 24
1.18×
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
VYX
VYX
Operating Cash FlowLast quarter
$1.1B
$60.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
12.53×
0.61×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESS
ESS
VYX
VYX
Q4 25
$1.1B
$60.0M
Q3 25
$342.6M
$14.0M
Q2 25
$216.1M
$-242.0M
Q1 25
$281.5M
$-42.0M
Q4 24
$1.1B
$-170.0M
Q3 24
$316.2M
$11.0M
Q2 24
$218.9M
$62.0M
Q1 24
$314.9M
$-35.0M
Free Cash Flow
ESS
ESS
VYX
VYX
Q4 25
Q3 25
$10.0M
Q2 25
$-249.0M
Q1 25
$-50.0M
Q4 24
$-177.0M
Q3 24
$9.0M
Q2 24
$49.0M
Q1 24
$-43.0M
FCF Margin
ESS
ESS
VYX
VYX
Q4 25
Q3 25
1.5%
Q2 25
-37.4%
Q1 25
-8.1%
Q4 24
-26.1%
Q3 24
1.3%
Q2 24
6.8%
Q1 24
-6.1%
Capex Intensity
ESS
ESS
VYX
VYX
Q4 25
Q3 25
0.6%
Q2 25
1.1%
Q1 25
1.3%
Q4 24
1.0%
Q3 24
0.3%
Q2 24
1.8%
Q1 24
1.1%
Cash Conversion
ESS
ESS
VYX
VYX
Q4 25
12.53×
0.61×
Q3 25
1.98×
Q2 25
0.93×
Q1 25
1.32×
Q4 24
3.54×
Q3 24
2.52×
0.01×
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.

VYX
VYX

Services$484.0M67%
Products$236.0M33%

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