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Side-by-side financial comparison of Array Technologies, Inc. (ARRY) and EQUITY LIFESTYLE PROPERTIES INC (ELS). Click either name above to swap in a different company.

EQUITY LIFESTYLE PROPERTIES INC is the larger business by last-quarter revenue ($397.6M vs $226.0M, roughly 1.8× Array Technologies, Inc.). On growth, EQUITY LIFESTYLE PROPERTIES INC posted the faster year-over-year revenue change (2.7% vs -17.9%). Over the past eight quarters, Array Technologies, Inc.'s revenue compounded faster (21.4% CAGR vs 2.3%).

ATI Technologies Inc. was a Canadian semiconductor technology corporation based in Markham, Ontario, that specialized in the development of graphics processing units and chipsets. Founded in 1985, the company listed publicly in 1993 and was acquired by AMD in 2006. As a major fabless semiconductor company, ATI conducted research and development in-house and outsourced the manufacturing and assembly of its products. With the decline and eventual bankruptcy of 3dfx in 2000, ATI and its chief ri...

Simon Media Properties, LLC, doing business as Simon Property Group, Inc., is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. As of December 31, 2024, it owned interests in 232 properties.

ARRY vs ELS — Head-to-Head

Bigger by revenue
ELS
ELS
1.8× larger
ELS
$397.6M
$226.0M
ARRY
Growing faster (revenue YoY)
ELS
ELS
+20.5% gap
ELS
2.7%
-17.9%
ARRY
Faster 2-yr revenue CAGR
ARRY
ARRY
Annualised
ARRY
21.4%
2.3%
ELS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARRY
ARRY
ELS
ELS
Revenue
$226.0M
$397.6M
Net Profit
Gross Margin
8.6%
Operating Margin
-65.5%
Net Margin
Revenue YoY
-17.9%
2.7%
Net Profit YoY
EPS (diluted)
$-1.06
$0.56

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
ARRY
ARRY
ELS
ELS
Q1 26
$397.6M
Q4 25
$226.0M
$373.9M
Q3 25
$393.5M
$393.3M
Q2 25
$362.2M
$376.9M
Q1 25
$302.4M
$387.3M
Q4 24
$275.2M
$372.3M
Q3 24
$231.4M
$387.3M
Q2 24
$255.8M
$380.0M
Net Profit
ARRY
ARRY
ELS
ELS
Q1 26
Q4 25
$103.8M
Q3 25
$33.5M
$100.4M
Q2 25
$43.3M
$83.5M
Q1 25
$16.7M
$114.4M
Q4 24
$100.6M
Q3 24
$-141.4M
$86.9M
Q2 24
$25.7M
$82.1M
Gross Margin
ARRY
ARRY
ELS
ELS
Q1 26
Q4 25
8.6%
Q3 25
26.9%
Q2 25
26.8%
Q1 25
25.3%
Q4 24
28.5%
Q3 24
33.8%
Q2 24
33.6%
Operating Margin
ARRY
ARRY
ELS
ELS
Q1 26
Q4 25
-65.5%
26.5%
Q3 25
11.6%
25.1%
Q2 25
12.8%
22.3%
Q1 25
9.0%
28.3%
Q4 24
-51.7%
27.2%
Q3 24
-57.3%
21.4%
Q2 24
15.5%
21.5%
Net Margin
ARRY
ARRY
ELS
ELS
Q1 26
Q4 25
27.8%
Q3 25
8.5%
25.5%
Q2 25
11.9%
22.2%
Q1 25
5.5%
29.5%
Q4 24
27.0%
Q3 24
-61.1%
22.4%
Q2 24
10.0%
21.6%
EPS (diluted)
ARRY
ARRY
ELS
ELS
Q1 26
$0.56
Q4 25
$-1.06
$0.52
Q3 25
$0.12
$0.50
Q2 25
$0.19
$0.42
Q1 25
$0.02
$0.57
Q4 24
$-0.94
$0.51
Q3 24
$-1.02
$0.44
Q2 24
$0.08
$0.42

Balance Sheet & Financial Strength

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

Metric
ARRY
ARRY
ELS
ELS
Cash + ST InvestmentsLiquidity on hand
$244.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-206.3M
$1.8B
Total Assets
$1.5B
$5.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARRY
ARRY
ELS
ELS
Q1 26
Q4 25
$244.4M
Q3 25
$221.5M
Q2 25
$377.3M
Q1 25
$348.3M
Q4 24
$363.0M
Q3 24
$332.4M
Q2 24
$282.3M
Total Debt
ARRY
ARRY
ELS
ELS
Q1 26
Q4 25
$3.3B
Q3 25
Q2 25
Q1 25
Q4 24
$3.2B
Q3 24
Q2 24
Stockholders' Equity
ARRY
ARRY
ELS
ELS
Q1 26
$1.8B
Q4 25
$-206.3M
$1.8B
Q3 25
$-46.7M
$1.8B
Q2 25
$-70.9M
$1.7B
Q1 25
$-97.8M
$1.7B
Q4 24
$-118.1M
$1.7B
Q3 24
$64.5M
$1.4B
Q2 24
$200.0M
$1.4B
Total Assets
ARRY
ARRY
ELS
ELS
Q1 26
$5.7M
Q4 25
$1.5B
$5.7B
Q3 25
$1.6B
$5.7B
Q2 25
$1.5B
$5.7B
Q1 25
$1.4B
$5.6B
Q4 24
$1.4B
$5.6B
Q3 24
$1.6B
$5.6B
Q2 24
$1.7B
$5.6B
Debt / Equity
ARRY
ARRY
ELS
ELS
Q1 26
Q4 25
1.91×
Q3 25
Q2 25
Q1 25
Q4 24
1.84×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARRY
ARRY
ELS
ELS
Operating Cash FlowLast quarter
$43.6M
Free Cash FlowOCF − Capex
$36.2M
FCF MarginFCF / Revenue
16.0%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARRY
ARRY
ELS
ELS
Q1 26
Q4 25
$43.6M
$571.1M
Q3 25
$27.4M
$147.0M
Q2 25
$43.8M
$131.3M
Q1 25
$-13.1M
$193.4M
Q4 24
$57.6M
$596.7M
Q3 24
$44.9M
$149.5M
Q2 24
$4.0M
$143.1M
Free Cash Flow
ARRY
ARRY
ELS
ELS
Q1 26
Q4 25
$36.2M
$334.1M
Q3 25
$21.9M
$75.7M
Q2 25
$37.2M
$71.8M
Q1 25
$-15.4M
$148.2M
Q4 24
$55.9M
$355.4M
Q3 24
$43.9M
$91.1M
Q2 24
$1.8M
$80.6M
FCF Margin
ARRY
ARRY
ELS
ELS
Q1 26
Q4 25
16.0%
89.4%
Q3 25
5.6%
19.3%
Q2 25
10.3%
19.1%
Q1 25
-5.1%
38.3%
Q4 24
20.3%
95.5%
Q3 24
19.0%
23.5%
Q2 24
0.7%
21.2%
Capex Intensity
ARRY
ARRY
ELS
ELS
Q1 26
Q4 25
3.3%
63.4%
Q3 25
1.4%
18.1%
Q2 25
1.8%
15.8%
Q1 25
0.8%
11.7%
Q4 24
0.6%
64.8%
Q3 24
0.5%
15.1%
Q2 24
0.8%
16.5%
Cash Conversion
ARRY
ARRY
ELS
ELS
Q1 26
Q4 25
5.50×
Q3 25
0.82×
1.46×
Q2 25
1.01×
1.57×
Q1 25
-0.78×
1.69×
Q4 24
5.93×
Q3 24
1.72×
Q2 24
0.15×
1.74×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARRY
ARRY

Array Legacy Operations Segment$212.0M94%
STI Operations Segment$14.0M6%

ELS
ELS

Rental income$339.0M85%
Other$37.2M9%
Annual membership subscriptions$18.3M5%
Membership upgrade revenue$3.1M1%

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