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Side-by-side financial comparison of Essex Property Trust (ESS) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
Essex Property Trust is the larger business by last-quarter revenue ($479.6M vs $249.0M, roughly 1.9× XPLR Infrastructure, LP). Essex Property Trust runs the higher net margin — 17.9% vs 11.2%, a 6.6% gap on every dollar of revenue. On growth, Essex Property Trust posted the faster year-over-year revenue change (5.5% vs -15.3%). Over the past eight quarters, Essex Property Trust's revenue compounded faster (6.0% CAGR vs -1.6%).
Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
ESS vs XIFR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $479.6M | $249.0M |
| Net Profit | $85.7M | $28.0M |
| Gross Margin | 70.0% | — |
| Operating Margin | 31.7% | -19.3% |
| Net Margin | 17.9% | 11.2% |
| Revenue YoY | 5.5% | -15.3% |
| Net Profit YoY | -71.6% | 124.3% |
| 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.
| Q4 25 | $479.6M | $249.0M | ||
| Q3 25 | $473.3M | $315.0M | ||
| Q2 25 | $469.8M | $342.0M | ||
| Q1 25 | $464.6M | $282.0M | ||
| Q4 24 | $454.5M | $294.0M | ||
| Q3 24 | $450.7M | $319.0M | ||
| Q2 24 | $442.4M | $360.0M | ||
| Q1 24 | $426.9M | $257.0M |
| Q4 25 | $85.7M | $28.0M | ||
| Q3 25 | $172.7M | $-37.0M | ||
| Q2 25 | $231.5M | $79.0M | ||
| Q1 25 | $212.8M | $-98.0M | ||
| Q4 24 | $301.7M | $-115.0M | ||
| Q3 24 | $125.5M | $-40.0M | ||
| Q2 24 | $99.0M | $62.0M | ||
| Q1 24 | $285.1M | $70.0M |
| 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 24 | 69.7% | — |
| Q4 25 | 31.7% | -19.3% | ||
| Q3 25 | 44.5% | 1.6% | ||
| Q2 25 | 59.5% | 26.3% | ||
| Q1 25 | 55.3% | -82.6% | ||
| Q4 24 | 67.0% | -188.1% | ||
| Q3 24 | 28.6% | 15.4% | ||
| Q2 24 | 31.1% | 18.3% | ||
| Q1 24 | 31.0% | -8.2% |
| Q4 25 | 17.9% | 11.2% | ||
| Q3 25 | 36.5% | -11.7% | ||
| Q2 25 | 49.3% | 23.1% | ||
| Q1 25 | 45.8% | -34.8% | ||
| Q4 24 | 66.4% | -39.1% | ||
| Q3 24 | 27.8% | -12.5% | ||
| Q2 24 | 22.4% | 17.2% | ||
| Q1 24 | 66.8% | 27.2% |
| Q4 25 | $1.24 | — | ||
| Q3 25 | $2.56 | $-0.40 | ||
| Q2 25 | $3.44 | $0.84 | ||
| Q1 25 | $3.16 | $-1.05 | ||
| Q4 24 | $4.00 | — | ||
| Q3 24 | $1.84 | $-0.43 | ||
| Q2 24 | $1.45 | $0.66 | ||
| Q1 24 | $4.25 | $0.75 |
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 | $960.0M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $5.5B | $10.9B |
| Total Assets | $13.2B | $19.6B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.2M | $960.0M | ||
| Q3 25 | $66.0M | $711.0M | ||
| Q2 25 | $58.7M | $880.0M | ||
| Q1 25 | $98.7M | $1.5B | ||
| Q4 24 | $66.8M | $283.0M | ||
| Q3 24 | $71.3M | $290.0M | ||
| Q2 24 | $55.2M | $281.0M | ||
| Q1 24 | $499.0M | $245.0M |
| Q4 25 | — | $6.2B | ||
| Q3 25 | $6.4B | — | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | $6.4B | — | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.6B | — |
| Q4 25 | $5.5B | $10.9B | ||
| Q3 25 | $5.6B | $11.0B | ||
| Q2 25 | $5.6B | $11.3B | ||
| Q1 25 | $5.6B | $12.6B | ||
| Q4 24 | $5.5B | $12.9B | ||
| Q3 24 | $5.4B | $13.6B | ||
| Q2 24 | $5.5B | $13.9B | ||
| Q1 24 | $5.5B | $14.0B |
| Q4 25 | $13.2B | $19.6B | ||
| Q3 25 | $13.2B | $19.1B | ||
| Q2 25 | $13.2B | $20.5B | ||
| Q1 25 | $13.2B | $21.4B | ||
| Q4 24 | $12.9B | $20.3B | ||
| Q3 24 | $12.6B | $20.9B | ||
| Q2 24 | $12.5B | $21.7B | ||
| Q1 24 | $12.9B | $22.3B |
| Q4 25 | — | 0.57× | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 1.14× | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | — | 0.41× | ||
| 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 | $186.0M |
| Free Cash FlowOCF − Capex | — | $-88.0M |
| FCF MarginFCF / Revenue | — | -35.3% |
| Capex IntensityCapex / Revenue | — | 110.0% |
| Cash ConversionOCF / Net Profit | 12.53× | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $186.0M | ||
| Q3 25 | $342.6M | $231.0M | ||
| Q2 25 | $216.1M | $232.0M | ||
| Q1 25 | $281.5M | $90.0M | ||
| Q4 24 | $1.1B | $283.0M | ||
| Q3 24 | $316.2M | $208.0M | ||
| Q2 24 | $218.9M | $231.0M | ||
| Q1 24 | $314.9M | $78.0M |
| Q4 25 | — | $-88.0M | ||
| Q3 25 | — | $-283.0M | ||
| Q2 25 | — | $151.0M | ||
| Q1 25 | — | $1.0M | ||
| Q4 24 | — | $231.0M | ||
| Q3 24 | — | $152.0M | ||
| Q2 24 | — | $162.0M | ||
| Q1 24 | — | $14.0M |
| Q4 25 | — | -35.3% | ||
| Q3 25 | — | -89.8% | ||
| Q2 25 | — | 44.2% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 78.6% | ||
| Q3 24 | — | 47.6% | ||
| Q2 24 | — | 45.0% | ||
| Q1 24 | — | 5.4% |
| Q4 25 | — | 110.0% | ||
| Q3 25 | — | 163.2% | ||
| Q2 25 | — | 23.7% | ||
| Q1 25 | — | 31.6% | ||
| Q4 24 | — | 17.7% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 19.2% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | 12.53× | 6.64× | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 0.93× | 2.94× | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 2.52× | — | ||
| Q2 24 | 2.21× | 3.73× | ||
| Q1 24 | 1.10× | 1.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESS
Segment breakdown not available.
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
