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Side-by-side financial comparison of Essex Property Trust (ESS) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
WATTS WATER TECHNOLOGIES INC is the larger business by last-quarter revenue ($625.1M vs $479.6M, roughly 1.3× Essex Property Trust). Essex Property Trust runs the higher net margin — 17.9% vs 13.4%, a 4.5% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (15.7% vs 5.5%). 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.
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
ESS vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $625.1M |
| Net Profit | $85.7M | $83.7M |
| Gross Margin | 70.0% | 49.5% |
| Operating Margin | 31.7% | 18.2% |
| Net Margin | 17.9% | 13.4% |
| Revenue YoY | 5.5% | 15.7% |
| Net Profit YoY | -71.6% | 24.0% |
| EPS (diluted) | $1.24 | $2.50 |
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.
| Q4 25 | $479.6M | $625.1M | ||
| Q3 25 | $473.3M | $611.7M | ||
| Q2 25 | $469.8M | $643.7M | ||
| Q1 25 | $464.6M | $558.0M | ||
| Q4 24 | $454.5M | $540.4M | ||
| Q3 24 | $450.7M | $543.6M | ||
| Q2 24 | $442.4M | $597.3M | ||
| Q1 24 | $426.9M | $570.9M |
| Q4 25 | $85.7M | $83.7M | ||
| Q3 25 | $172.7M | $82.2M | ||
| Q2 25 | $231.5M | $100.9M | ||
| Q1 25 | $212.8M | $74.0M | ||
| Q4 24 | $301.7M | $67.5M | ||
| Q3 24 | $125.5M | $69.1M | ||
| Q2 24 | $99.0M | $82.0M | ||
| Q1 24 | $285.1M | $72.6M |
| Q4 25 | 70.0% | 49.5% | ||
| Q3 25 | 69.2% | 48.8% | ||
| Q2 25 | 70.7% | 50.6% | ||
| Q1 25 | 69.6% | 48.8% | ||
| Q4 24 | 70.0% | 46.7% | ||
| Q3 24 | 69.5% | 47.3% | ||
| Q2 24 | 70.8% | 47.7% | ||
| Q1 24 | 69.7% | 46.9% |
| Q4 25 | 31.7% | 18.2% | ||
| Q3 25 | 44.5% | 18.2% | ||
| Q2 25 | 59.5% | 21.0% | ||
| Q1 25 | 55.3% | 15.7% | ||
| Q4 24 | 67.0% | 16.5% | ||
| Q3 24 | 28.6% | 17.1% | ||
| Q2 24 | 31.1% | 18.7% | ||
| Q1 24 | 31.0% | 16.9% |
| Q4 25 | 17.9% | 13.4% | ||
| Q3 25 | 36.5% | 13.4% | ||
| Q2 25 | 49.3% | 15.7% | ||
| Q1 25 | 45.8% | 13.3% | ||
| Q4 24 | 66.4% | 12.5% | ||
| Q3 24 | 27.8% | 12.7% | ||
| Q2 24 | 22.4% | 13.7% | ||
| Q1 24 | 66.8% | 12.7% |
| Q4 25 | $1.24 | $2.50 | ||
| Q3 25 | $2.56 | $2.45 | ||
| Q2 25 | $3.44 | $3.01 | ||
| Q1 25 | $3.16 | $2.21 | ||
| Q4 24 | $4.00 | $2.02 | ||
| Q3 24 | $1.84 | $2.06 | ||
| Q2 24 | $1.45 | $2.44 | ||
| Q1 24 | $4.25 | $2.17 |
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 | $405.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $2.0B |
| Total Assets | $13.2B | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $405.5M | ||
| Q3 25 | $66.0M | $457.7M | ||
| Q2 25 | $58.7M | $369.3M | ||
| Q1 25 | $98.7M | $336.8M | ||
| Q4 24 | $66.8M | $386.9M | ||
| Q3 24 | $71.3M | $303.9M | ||
| Q2 24 | $55.2M | $279.4M | ||
| Q1 24 | $499.0M | $237.1M |
| 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 | — |
| Q4 25 | $5.5B | $2.0B | ||
| Q3 25 | $5.6B | $2.0B | ||
| Q2 25 | $5.6B | $1.9B | ||
| Q1 25 | $5.6B | $1.8B | ||
| Q4 24 | $5.5B | $1.7B | ||
| Q3 24 | $5.4B | $1.7B | ||
| Q2 24 | $5.5B | $1.6B | ||
| Q1 24 | $5.5B | $1.6B |
| Q4 25 | $13.2B | $2.9B | ||
| Q3 25 | $13.2B | $2.7B | ||
| Q2 25 | $13.2B | $2.6B | ||
| Q1 25 | $13.2B | $2.5B | ||
| Q4 24 | $12.9B | $2.4B | ||
| Q3 24 | $12.6B | $2.4B | ||
| Q2 24 | $12.5B | $2.4B | ||
| Q1 24 | $12.9B | $2.3B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.1B | $154.7M |
| Free Cash FlowOCF − Capex | — | $140.3M |
| FCF MarginFCF / Revenue | — | 22.4% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | 12.53× | 1.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $356.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $154.7M | ||
| Q3 25 | $342.6M | $122.4M | ||
| Q2 25 | $216.1M | $69.7M | ||
| Q1 25 | $281.5M | $55.2M | ||
| Q4 24 | $1.1B | $139.5M | ||
| Q3 24 | $316.2M | $90.7M | ||
| Q2 24 | $218.9M | $85.3M | ||
| Q1 24 | $314.9M | $45.6M |
| Q4 25 | — | $140.3M | ||
| Q3 25 | — | $110.9M | ||
| Q2 25 | — | $59.5M | ||
| Q1 25 | — | $45.6M | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | $84.3M | ||
| Q2 24 | — | $78.5M | ||
| Q1 24 | — | $35.5M |
| Q4 25 | — | 22.4% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 23.6% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | — | 6.2% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | 12.53× | 1.85× | ||
| Q3 25 | 1.98× | 1.49× | ||
| Q2 25 | 0.93× | 0.69× | ||
| Q1 25 | 1.32× | 0.75× | ||
| Q4 24 | 3.54× | 2.07× | ||
| Q3 24 | 2.52× | 1.31× | ||
| Q2 24 | 2.21× | 1.04× | ||
| Q1 24 | 1.10× | 0.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
