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Side-by-side financial comparison of Essex Property Trust (ESS) and WEBSTER FINANCIAL CORP (WBS). Click either name above to swap in a different company.

WEBSTER FINANCIAL CORP is the larger business by last-quarter revenue ($735.9M vs $479.6M, roughly 1.5× Essex Property Trust). WEBSTER FINANCIAL CORP runs the higher net margin — 33.5% vs 17.9%, a 15.6% gap on every dollar of revenue. Over the past eight quarters, WEBSTER FINANCIAL CORP's revenue compounded faster (9.4% 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.

Webster Bank is an American commercial bank based in Stamford, Connecticut. It has 177 branches and 316 ATMs located in Connecticut; Massachusetts; Rhode Island; New Jersey; Westchester, Orange, Ulster, and Rockland counties in New York as well as New York City.

ESS vs WBS — Head-to-Head

Bigger by revenue
WBS
WBS
1.5× larger
WBS
$735.9M
$479.6M
ESS
Higher net margin
WBS
WBS
15.6% more per $
WBS
33.5%
17.9%
ESS
Faster 2-yr revenue CAGR
WBS
WBS
Annualised
WBS
9.4%
6.0%
ESS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ESS
ESS
WBS
WBS
Revenue
$479.6M
$735.9M
Net Profit
$85.7M
$246.2M
Gross Margin
70.0%
Operating Margin
31.7%
Net Margin
17.9%
33.5%
Revenue YoY
5.5%
Net Profit YoY
-71.6%
8.5%
EPS (diluted)
$1.24
$1.50

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
WBS
WBS
Q1 26
$735.9M
Q4 25
$479.6M
$746.2M
Q3 25
$473.3M
$732.6M
Q2 25
$469.8M
$715.8M
Q1 25
$464.6M
$704.8M
Q4 24
$454.5M
$661.0M
Q3 24
$450.7M
$647.6M
Q2 24
$442.4M
$614.6M
Net Profit
ESS
ESS
WBS
WBS
Q1 26
$246.2M
Q4 25
$85.7M
$255.8M
Q3 25
$172.7M
$261.2M
Q2 25
$231.5M
$258.8M
Q1 25
$212.8M
$226.9M
Q4 24
$301.7M
$177.8M
Q3 24
$125.5M
$193.0M
Q2 24
$99.0M
$181.6M
Gross Margin
ESS
ESS
WBS
WBS
Q1 26
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%
Operating Margin
ESS
ESS
WBS
WBS
Q1 26
Q4 25
31.7%
48.6%
Q3 25
44.5%
51.3%
Q2 25
59.5%
51.7%
Q1 25
55.3%
51.2%
Q4 24
67.0%
48.5%
Q3 24
28.6%
46.1%
Q2 24
31.1%
47.0%
Net Margin
ESS
ESS
WBS
WBS
Q1 26
33.5%
Q4 25
17.9%
34.3%
Q3 25
36.5%
35.7%
Q2 25
49.3%
36.2%
Q1 25
45.8%
32.2%
Q4 24
66.4%
26.9%
Q3 24
27.8%
29.8%
Q2 24
22.4%
29.6%
EPS (diluted)
ESS
ESS
WBS
WBS
Q1 26
$1.50
Q4 25
$1.24
$1.54
Q3 25
$2.56
$1.54
Q2 25
$3.44
$1.52
Q1 25
$3.16
$1.30
Q4 24
$4.00
$1.01
Q3 24
$1.84
$1.10
Q2 24
$1.45
$1.03

Balance Sheet & Financial Strength

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

Metric
ESS
ESS
WBS
WBS
Cash + ST InvestmentsLiquidity on hand
$76.2M
Total DebtLower is stronger
$738.3M
Stockholders' EquityBook value
$5.5B
$9.6B
Total Assets
$13.2B
$85.6B
Debt / EquityLower = less leverage
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
WBS
WBS
Q1 26
Q4 25
$76.2M
Q3 25
$66.0M
Q2 25
$58.7M
Q1 25
$98.7M
Q4 24
$66.8M
Q3 24
$71.3M
Q2 24
$55.2M
Total Debt
ESS
ESS
WBS
WBS
Q1 26
$738.3M
Q4 25
$739.5M
Q3 25
$6.4B
$1.2B
Q2 25
$6.4B
$905.6M
Q1 25
$6.8B
$907.4M
Q4 24
$909.2M
Q3 24
$6.4B
$911.0M
Q2 24
$6.2B
$912.7M
Stockholders' Equity
ESS
ESS
WBS
WBS
Q1 26
$9.6B
Q4 25
$5.5B
$9.5B
Q3 25
$5.6B
$9.5B
Q2 25
$5.6B
$9.3B
Q1 25
$5.6B
$9.2B
Q4 24
$5.5B
$9.1B
Q3 24
$5.4B
$9.2B
Q2 24
$5.5B
$8.8B
Total Assets
ESS
ESS
WBS
WBS
Q1 26
$85.6B
Q4 25
$13.2B
$84.1B
Q3 25
$13.2B
$83.2B
Q2 25
$13.2B
$81.9B
Q1 25
$13.2B
$80.3B
Q4 24
$12.9B
$79.0B
Q3 24
$12.6B
$79.5B
Q2 24
$12.5B
$76.8B
Debt / Equity
ESS
ESS
WBS
WBS
Q1 26
0.08×
Q4 25
0.08×
Q3 25
1.15×
0.13×
Q2 25
1.14×
0.10×
Q1 25
1.22×
0.10×
Q4 24
0.10×
Q3 24
1.18×
0.10×
Q2 24
1.13×
0.10×

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
WBS
WBS
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
WBS
WBS
Q1 26
Q4 25
$1.1B
$1.1B
Q3 25
$342.6M
$374.7M
Q2 25
$216.1M
$270.9M
Q1 25
$281.5M
$94.9M
Q4 24
$1.1B
$1.4B
Q3 24
$316.2M
$45.3M
Q2 24
$218.9M
$224.0M
Free Cash Flow
ESS
ESS
WBS
WBS
Q1 26
Q4 25
$1.0B
Q3 25
$362.5M
Q2 25
$257.7M
Q1 25
$86.6M
Q4 24
$1.4B
Q3 24
$35.3M
Q2 24
$215.6M
FCF Margin
ESS
ESS
WBS
WBS
Q1 26
Q4 25
135.2%
Q3 25
49.5%
Q2 25
36.0%
Q1 25
12.3%
Q4 24
207.0%
Q3 24
5.4%
Q2 24
35.1%
Capex Intensity
ESS
ESS
WBS
WBS
Q1 26
Q4 25
6.6%
Q3 25
1.7%
Q2 25
1.8%
Q1 25
1.2%
Q4 24
5.4%
Q3 24
1.5%
Q2 24
1.4%
Cash Conversion
ESS
ESS
WBS
WBS
Q1 26
Q4 25
12.53×
4.14×
Q3 25
1.98×
1.43×
Q2 25
0.93×
1.05×
Q1 25
1.32×
0.42×
Q4 24
3.54×
7.90×
Q3 24
2.52×
0.23×
Q2 24
2.21×
1.23×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESS
ESS

Segment breakdown not available.

WBS
WBS

Net Interest Income$634.4M86%
Noninterest Income$101.5M14%

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