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Side-by-side financial comparison of Essex Property Trust (ESS) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $334.0M, roughly 1.4× WYNDHAM HOTELS & RESORTS, INC.). Essex Property Trust runs the higher net margin — 17.9% vs -18.0%, a 35.8% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -76.3%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -4.6%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
ESS vs WH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $334.0M |
| Net Profit | $85.7M | $-60.0M |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | — |
| Net Margin | 17.9% | -18.0% |
| Revenue YoY | 5.5% | -76.3% |
| Net Profit YoY | -71.6% | -170.6% |
| EPS (diluted) | $1.24 | $-0.80 |
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.
| Q1 26 | — | $334.0M | ||
| Q4 25 | $479.6M | $334.0M | ||
| Q3 25 | $473.3M | $382.0M | ||
| Q2 25 | $469.8M | $397.0M | ||
| Q1 25 | $464.6M | $316.0M | ||
| Q4 24 | $454.5M | $336.0M | ||
| Q3 24 | $450.7M | $396.0M | ||
| Q2 24 | $442.4M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $85.7M | $-60.0M | ||
| Q3 25 | $172.7M | $105.0M | ||
| Q2 25 | $231.5M | $87.0M | ||
| Q1 25 | $212.8M | $61.0M | ||
| Q4 24 | $301.7M | $85.0M | ||
| Q3 24 | $125.5M | $102.0M | ||
| Q2 24 | $99.0M | $86.0M |
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | 31.7% | -11.4% | ||
| Q3 25 | 44.5% | 46.6% | ||
| Q2 25 | 59.5% | 37.8% | ||
| Q1 25 | 55.3% | 35.4% | ||
| Q4 24 | 67.0% | 38.4% | ||
| Q3 24 | 28.6% | 43.2% | ||
| Q2 24 | 31.1% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | 17.9% | -18.0% | ||
| Q3 25 | 36.5% | 27.5% | ||
| Q2 25 | 49.3% | 21.9% | ||
| Q1 25 | 45.8% | 19.3% | ||
| Q4 24 | 66.4% | 25.3% | ||
| Q3 24 | 27.8% | 25.8% | ||
| Q2 24 | 22.4% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $1.24 | $-0.77 | ||
| Q3 25 | $2.56 | $1.36 | ||
| Q2 25 | $3.44 | $1.13 | ||
| Q1 25 | $3.16 | $0.78 | ||
| Q4 24 | $4.00 | $1.06 | ||
| Q3 24 | $1.84 | $1.29 | ||
| Q2 24 | $1.45 | $1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $76.2M | $64.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $468.0M |
| Total Assets | $13.2B | $4.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | $76.2M | $64.0M | ||
| Q3 25 | $66.0M | $70.0M | ||
| Q2 25 | $58.7M | $50.0M | ||
| Q1 25 | $98.7M | $48.0M | ||
| Q4 24 | $66.8M | $103.0M | ||
| Q3 24 | $71.3M | $72.0M | ||
| Q2 24 | $55.2M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | $6.4B | $2.6B | ||
| Q2 25 | $6.4B | $2.5B | ||
| Q1 25 | $6.8B | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | $6.4B | $2.4B | ||
| Q2 24 | $6.2B | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $5.5B | $468.0M | ||
| Q3 25 | $5.6B | $583.0M | ||
| Q2 25 | $5.6B | $570.0M | ||
| Q1 25 | $5.6B | $579.0M | ||
| Q4 24 | $5.5B | $650.0M | ||
| Q3 24 | $5.4B | $583.0M | ||
| Q2 24 | $5.5B | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $13.2B | $4.2B | ||
| Q3 25 | $13.2B | $4.3B | ||
| Q2 25 | $13.2B | $4.3B | ||
| Q1 25 | $13.2B | $4.2B | ||
| Q4 24 | $12.9B | $4.2B | ||
| Q3 24 | $12.6B | $4.2B | ||
| Q2 24 | $12.5B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.37× | ||
| Q3 25 | 1.15× | 4.43× | ||
| Q2 25 | 1.14× | 4.44× | ||
| Q1 25 | 1.22× | 4.29× | ||
| Q4 24 | — | 3.72× | ||
| Q3 24 | 1.18× | 4.19× | ||
| Q2 24 | 1.13× | 3.83× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.1B | $367.0M |
| Free Cash FlowOCF − Capex | — | $168.0M |
| FCF MarginFCF / Revenue | — | 50.3% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 12.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $1.1B | $152.0M | ||
| Q3 25 | $342.6M | $86.0M | ||
| Q2 25 | $216.1M | $70.0M | ||
| Q1 25 | $281.5M | $59.0M | ||
| Q4 24 | $1.1B | $134.0M | ||
| Q3 24 | $316.2M | $79.0M | ||
| Q2 24 | $218.9M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | — | $136.0M | ||
| Q3 25 | — | $75.0M | ||
| Q2 25 | — | $58.0M | ||
| Q1 25 | — | $52.0M | ||
| Q4 24 | — | $109.0M | ||
| Q3 24 | — | $71.0M | ||
| Q2 24 | — | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 14.6% | ||
| Q1 25 | — | 16.5% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 17.9% | ||
| Q2 24 | — | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 12.53× | — | ||
| Q3 25 | 1.98× | 0.82× | ||
| Q2 25 | 0.93× | 0.80× | ||
| Q1 25 | 1.32× | 0.97× | ||
| Q4 24 | 3.54× | 1.58× | ||
| Q3 24 | 2.52× | 0.77× | ||
| Q2 24 | 2.21× | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
