Essex Property Trust, Inc. (ESS) Earnings History
Annual and quarterly earnings data from 1994 to 2025
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ESS EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
ESS Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 68.8% | 43.9% | 35.4% |
| 2024 | 68.1% | 39.6% | 41.8% |
| 2023 | 68.1% | 35.0% | 24.3% |
| 2022 | 69.0% | 37.0% | 25.4% |
| 2021 | 83.9% | 36.8% | 33.9% |
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Essex Property Trust, Inc. (ESS) Earnings Overview
As of May 6, 2026, Essex Property Trust, Inc. (ESS) reported trailing twelve-month net income of $576M, reflecting -9.8% year-over-year growth. The company earned $8.93 per diluted share over the past four quarters, with a net profit margin of 35.4%.
Looking at the long-term picture, ESS's 5-year EPS compound annual growth rate (CAGR) stands at +3.7%, reflecting modest earnings expansion. The company achieved its highest annual net income of $742M in fiscal 2024.
Essex Property Trust, Inc. maintains industry-leading profitability with a gross margin of 68.8%, operating margin of 43.9%, and net margin of 35.4%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including EQR ($954M net income, 36.1% margin), AVB ($1.05B net income, 34.6% margin), UDR ($491M net income, 22.1% margin), ESS has room to improve margins relative to the peer group. Compare ESS vs EQR →
ESS Earnings vs Peers
Earnings metrics vs comparable public companies
ESS Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $672M | -9.3% | $834M | $10.41 | 35.4% | 43.9% |
| 2024 | $742M | +82.7% | $703M | $11.54 | 41.8% | 39.6% |
| 2023 | $406M | -0.6% | $584M | $6.32 | 24.3% | 35.0% |
| 2022 | $408M | -16.4% | $595M | $6.27 | 25.4% | 37.0% |
| 2021 | $489M | -14.1% | $530M | $7.51 | 33.9% | 36.8% |
| 2020 | $569M | +29.5% | $491M | $8.68 | 38.0% | 32.9% |
| 2019 | $439M | +12.6% | $481M | $6.66 | 30.1% | 32.9% |
| 2018 | $390M | -9.9% | $512M | $5.90 | 27.9% | 36.6% |
| 2017 | $433M | +4.4% | $473M | $6.57 | 31.8% | 34.7% |
| 2016 | $415M | +78.8% | $421M | $6.27 | 32.1% | 32.5% |
Full ESS Stock Analysis
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Start ComparisonESS — Frequently Asked Questions
Quick answers to the most common questions about buying ESS stock.
Is ESS growing earnings?
ESS EPS fell to $8.93, with earnings declining -9.8%. This contrasts with the 5-year CAGR of +3.7%. TTM net income dropped to $576M.
What are ESS's profit margins?
Essex Property Trust, Inc. net margin is +35.4%, with operating margin at +43.9%. Above-average margins indicate pricing power.
How consistent are ESS's earnings?
ESS earnings data spans 1994-2025. The declining earnings trend is -9.8% YoY. Historical data enables comparison across business cycles.