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ESS Financials Essex Property Trust

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has declined 0.5% per year over the past 5 years.
  • Net income has grown faster than revenue (3.2% vs -0.5% per year).
  • Operating margin has expanded, at 9586.6% in the latest year.

Financial health

  • Total debt has grown slower than revenue (-21.8% vs -0.5% per year).
  • Operating income covered interest expense 3.5× in the latest year.
Revenue & net income
$0 $406M $811M 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 7030% 14060% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $1 $1 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $1B $2B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$1B -$36M $1B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $9M $703M 14060.1% 9586.6% $76M
2024 $10M $811M 12105.7% 6849.4% $67M
2023 $11M $431M 10515.7% 5249.7% $392M
2022 $11M $433M 10130.2% 5343.6% $33M
2021 $9M $516M 0.0% 5799.9% $639M $48M
2020 $10M $599M 0.0% 5120.2% $644M $74M
2019 $10M $464M 0.0% 5050.0% $991M $70M
2018 $9M $414M 0.0% 5575.4% $1.8B $134M
2017 $458M $2.0B $45M
2016 $438M $2.2B $65M
2015 $248M $2.2B $30M
2014 $134M $2.2B $26M
2013 $172M $1.4B $18M
2012 $140M $1.6B $19M
2011 $58M $1.7B $13M

Valuation over time

How the market has priced ESS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 23.2 46.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 977.8 1955.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is ESS growing its revenue and profit?

Over the past 5 years, Essex Property Trust's revenue has declined 0.5% per year, and net income grown 3.2% per year. These are computed facts, not advice.

How much debt does ESS have?

As of FY2025, Essex Property Trust reported — of total debt against $76M of cash; operating income covered interest expense 3.5×.

What is ESS's profit margin?

In FY2025, gross margin was 14060.1%, operating margin 9586.6%, and net margin 7491.5%.

What is ESS's P/E ratio?

As of Jun '26, Essex Property Trust traded at a price-to-earnings ratio of about 26.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.