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Side-by-side financial comparison of Caris Life Sciences, Inc. (CAI) 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 $216.8M, roughly 1.8× Caris Life Sciences, Inc.). On growth, Caris Life Sciences, Inc. posted the faster year-over-year revenue change (113.4% vs 2.7%).

Caris Life Sciences is a leading precision medicine biotech company specializing in advanced molecular profiling for oncology. It provides actionable genomic and molecular insights to oncologists to personalize cancer treatment plans, and partners with biopharmaceutical firms to accelerate novel cancer drug discovery and development, serving customers across North America, Europe, and key Asia-Pacific markets.

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.

CAI vs ELS — Head-to-Head

Bigger by revenue
ELS
ELS
1.8× larger
ELS
$397.6M
$216.8M
CAI
Growing faster (revenue YoY)
CAI
CAI
+110.7% gap
CAI
113.4%
2.7%
ELS

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
CAI
CAI
ELS
ELS
Revenue
$216.8M
$397.6M
Net Profit
$24.3M
Gross Margin
Operating Margin
15.1%
Net Margin
11.2%
Revenue YoY
113.4%
2.7%
Net Profit YoY
135.9%
EPS (diluted)
$0.08
$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
CAI
CAI
ELS
ELS
Q1 26
$397.6M
Q4 25
$373.9M
Q3 25
$216.8M
$393.3M
Q2 25
$181.4M
$376.9M
Q1 25
$387.3M
Q4 24
$372.3M
Q3 24
$101.6M
$387.3M
Q2 24
$100.0M
$380.0M
Net Profit
CAI
CAI
ELS
ELS
Q1 26
Q4 25
$103.8M
Q3 25
$24.3M
$100.4M
Q2 25
$-71.8M
$83.5M
Q1 25
$114.4M
Q4 24
$100.6M
Q3 24
$-67.7M
$86.9M
Q2 24
$-66.2M
$82.1M
Operating Margin
CAI
CAI
ELS
ELS
Q1 26
Q4 25
26.5%
Q3 25
15.1%
25.1%
Q2 25
-9.9%
22.3%
Q1 25
28.3%
Q4 24
27.2%
Q3 24
-59.9%
21.4%
Q2 24
-67.0%
21.5%
Net Margin
CAI
CAI
ELS
ELS
Q1 26
Q4 25
27.8%
Q3 25
11.2%
25.5%
Q2 25
-39.6%
22.2%
Q1 25
29.5%
Q4 24
27.0%
Q3 24
-66.6%
22.4%
Q2 24
-66.2%
21.6%
EPS (diluted)
CAI
CAI
ELS
ELS
Q1 26
$0.56
Q4 25
$0.52
Q3 25
$0.08
$0.50
Q2 25
$-7.97
$0.42
Q1 25
$0.57
Q4 24
$0.51
Q3 24
$-2.59
$0.44
Q2 24
$-2.54
$0.42

Balance Sheet & Financial Strength

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

Metric
CAI
CAI
ELS
ELS
Cash + ST InvestmentsLiquidity on hand
$755.5M
Total DebtLower is stronger
$375.9M
Stockholders' EquityBook value
$478.4M
$1.8B
Total Assets
$984.6M
$5.7M
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAI
CAI
ELS
ELS
Q1 26
Q4 25
Q3 25
$755.5M
Q2 25
$721.2M
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
CAI
CAI
ELS
ELS
Q1 26
Q4 25
$3.3B
Q3 25
$375.9M
Q2 25
$373.4M
Q1 25
Q4 24
$3.2B
Q3 24
Q2 24
Stockholders' Equity
CAI
CAI
ELS
ELS
Q1 26
$1.8B
Q4 25
$1.8B
Q3 25
$478.4M
$1.8B
Q2 25
$452.9M
$1.7B
Q1 25
$1.7B
Q4 24
$1.7B
Q3 24
$-2.4B
$1.4B
Q2 24
$-2.4B
$1.4B
Total Assets
CAI
CAI
ELS
ELS
Q1 26
$5.7M
Q4 25
$5.7B
Q3 25
$984.6M
$5.7B
Q2 25
$955.1M
$5.7B
Q1 25
$5.6B
Q4 24
$5.6B
Q3 24
$5.6B
Q2 24
$5.6B
Debt / Equity
CAI
CAI
ELS
ELS
Q1 26
Q4 25
1.91×
Q3 25
0.79×
Q2 25
0.82×
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
CAI
CAI
ELS
ELS
Operating Cash FlowLast quarter
$62.4M
Free Cash FlowOCF − Capex
$55.3M
FCF MarginFCF / Revenue
25.5%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
2.57×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAI
CAI
ELS
ELS
Q1 26
Q4 25
$571.1M
Q3 25
$62.4M
$147.0M
Q2 25
$131.3M
Q1 25
$193.4M
Q4 24
$596.7M
Q3 24
$149.5M
Q2 24
$143.1M
Free Cash Flow
CAI
CAI
ELS
ELS
Q1 26
Q4 25
$334.1M
Q3 25
$55.3M
$75.7M
Q2 25
$71.8M
Q1 25
$148.2M
Q4 24
$355.4M
Q3 24
$91.1M
Q2 24
$80.6M
FCF Margin
CAI
CAI
ELS
ELS
Q1 26
Q4 25
89.4%
Q3 25
25.5%
19.3%
Q2 25
19.1%
Q1 25
38.3%
Q4 24
95.5%
Q3 24
23.5%
Q2 24
21.2%
Capex Intensity
CAI
CAI
ELS
ELS
Q1 26
Q4 25
63.4%
Q3 25
3.3%
18.1%
Q2 25
15.8%
Q1 25
11.7%
Q4 24
64.8%
Q3 24
15.1%
Q2 24
16.5%
Cash Conversion
CAI
CAI
ELS
ELS
Q1 26
Q4 25
5.50×
Q3 25
2.57×
1.46×
Q2 25
1.57×
Q1 25
1.69×
Q4 24
5.93×
Q3 24
1.72×
Q2 24
1.74×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CAI
CAI

Molecular Profiling Services$207.6M96%
Pharma Research And Development Services$9.2M4%

ELS
ELS

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

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