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

Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $261.2M, roughly 1.8× Cactus, Inc.). Essex Property Trust runs the higher net margin — 17.9% vs 15.3%, a 2.6% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -4.0%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -2.4%).

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

Cactus Club Cafe is a Canadian-owned chain of premium casual restaurants that originated in North Vancouver, British Columbia. The chain has since expanded to 34 locations throughout Canada, with other locations throughout British Columbia, Alberta, Saskatchewan, Ontario and the United States

ESS vs WHD — Head-to-Head

Bigger by revenue
ESS
ESS
1.8× larger
ESS
$479.6M
$261.2M
WHD
Growing faster (revenue YoY)
ESS
ESS
+9.5% gap
ESS
5.5%
-4.0%
WHD
Higher net margin
ESS
ESS
2.6% more per $
ESS
17.9%
15.3%
WHD
Faster 2-yr revenue CAGR
ESS
ESS
Annualised
ESS
6.0%
-2.4%
WHD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ESS
ESS
WHD
WHD
Revenue
$479.6M
$261.2M
Net Profit
$85.7M
$39.8M
Gross Margin
70.0%
36.2%
Operating Margin
31.7%
22.9%
Net Margin
17.9%
15.3%
Revenue YoY
5.5%
-4.0%
Net Profit YoY
-71.6%
-14.7%
EPS (diluted)
$1.24

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
WHD
WHD
Q4 25
$479.6M
$261.2M
Q3 25
$473.3M
$264.0M
Q2 25
$469.8M
$273.6M
Q1 25
$464.6M
$280.3M
Q4 24
$454.5M
$272.1M
Q3 24
$450.7M
$293.2M
Q2 24
$442.4M
$290.4M
Q1 24
$426.9M
$274.1M
Net Profit
ESS
ESS
WHD
WHD
Q4 25
$85.7M
$39.8M
Q3 25
$172.7M
$41.6M
Q2 25
$231.5M
$40.3M
Q1 25
$212.8M
$44.2M
Q4 24
$301.7M
$46.7M
Q3 24
$125.5M
$49.9M
Q2 24
$99.0M
$49.8M
Q1 24
$285.1M
$39.0M
Gross Margin
ESS
ESS
WHD
WHD
Q4 25
70.0%
36.2%
Q3 25
69.2%
36.8%
Q2 25
70.7%
36.6%
Q1 25
69.6%
38.4%
Q4 24
70.0%
37.8%
Q3 24
69.5%
39.0%
Q2 24
70.8%
39.2%
Q1 24
69.7%
38.4%
Operating Margin
ESS
ESS
WHD
WHD
Q4 25
31.7%
22.9%
Q3 25
44.5%
23.2%
Q2 25
59.5%
22.2%
Q1 25
55.3%
24.5%
Q4 24
67.0%
25.9%
Q3 24
28.6%
26.2%
Q2 24
31.1%
27.5%
Q1 24
31.0%
22.8%
Net Margin
ESS
ESS
WHD
WHD
Q4 25
17.9%
15.3%
Q3 25
36.5%
15.8%
Q2 25
49.3%
14.7%
Q1 25
45.8%
15.8%
Q4 24
66.4%
17.2%
Q3 24
27.8%
17.0%
Q2 24
22.4%
17.2%
Q1 24
66.8%
14.2%
EPS (diluted)
ESS
ESS
WHD
WHD
Q4 25
$1.24
Q3 25
$2.56
Q2 25
$3.44
Q1 25
$3.16
Q4 24
$4.00
Q3 24
$1.84
Q2 24
$1.45
Q1 24
$4.25

Balance Sheet & Financial Strength

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

Metric
ESS
ESS
WHD
WHD
Cash + ST InvestmentsLiquidity on hand
$76.2M
$123.6M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$5.5B
$1.2B
Total Assets
$13.2B
$1.9B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESS
ESS
WHD
WHD
Q4 25
$76.2M
$123.6M
Q3 25
$66.0M
$445.6M
Q2 25
$58.7M
$405.2M
Q1 25
$98.7M
$347.7M
Q4 24
$66.8M
$342.8M
Q3 24
$71.3M
$303.4M
Q2 24
$55.2M
$246.5M
Q1 24
$499.0M
$194.3M
Total Debt
ESS
ESS
WHD
WHD
Q4 25
$0
Q3 25
$6.4B
$0
Q2 25
$6.4B
$0
Q1 25
$6.8B
$0
Q4 24
$0
Q3 24
$6.4B
$0
Q2 24
$6.2B
$0
Q1 24
$6.6B
$0
Stockholders' Equity
ESS
ESS
WHD
WHD
Q4 25
$5.5B
$1.2B
Q3 25
$5.6B
$1.2B
Q2 25
$5.6B
$1.1B
Q1 25
$5.6B
$1.1B
Q4 24
$5.5B
$1.1B
Q3 24
$5.4B
$1.0B
Q2 24
$5.5B
$954.7M
Q1 24
$5.5B
$893.4M
Total Assets
ESS
ESS
WHD
WHD
Q4 25
$13.2B
$1.9B
Q3 25
$13.2B
$1.9B
Q2 25
$13.2B
$1.8B
Q1 25
$13.2B
$1.8B
Q4 24
$12.9B
$1.7B
Q3 24
$12.6B
$1.7B
Q2 24
$12.5B
$1.6B
Q1 24
$12.9B
$1.6B
Debt / Equity
ESS
ESS
WHD
WHD
Q4 25
0.00×
Q3 25
1.15×
0.00×
Q2 25
1.14×
0.00×
Q1 25
1.22×
0.00×
Q4 24
0.00×
Q3 24
1.18×
0.00×
Q2 24
1.13×
0.00×
Q1 24
1.19×
0.00×

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
WHD
WHD
Operating Cash FlowLast quarter
$1.1B
$72.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
12.53×
1.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESS
ESS
WHD
WHD
Q4 25
$1.1B
$72.3M
Q3 25
$342.6M
$61.8M
Q2 25
$216.1M
$82.8M
Q1 25
$281.5M
$41.5M
Q4 24
$1.1B
$66.6M
Q3 24
$316.2M
$85.3M
Q2 24
$218.9M
$78.0M
Q1 24
$314.9M
$86.3M
Cash Conversion
ESS
ESS
WHD
WHD
Q4 25
12.53×
1.81×
Q3 25
1.98×
1.48×
Q2 25
0.93×
2.05×
Q1 25
1.32×
0.94×
Q4 24
3.54×
1.43×
Q3 24
2.52×
1.71×
Q2 24
2.21×
1.56×
Q1 24
1.10×
2.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESS
ESS

Segment breakdown not available.

WHD
WHD

Products$201.4M77%
Other$40.8M16%
Rental Revenue$19.0M7%

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