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Side-by-side financial comparison of CMB.TECH NV (CMBT) and EQUITY LIFESTYLE PROPERTIES INC (ELS). Click either name above to swap in a different company.

CMB.TECH NV is the larger business by last-quarter revenue ($592.8M vs $397.6M, roughly 1.5× EQUITY LIFESTYLE PROPERTIES INC). On growth, EQUITY LIFESTYLE PROPERTIES INC posted the faster year-over-year revenue change (2.7% vs -34.6%).

CMB.TECH, before October 2024 known as Euronav, is a crude oil tanker transport company, which consists of VLCCs, Suezmaxes and FSOs.

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.

CMBT vs ELS — Head-to-Head

Bigger by revenue
CMBT
CMBT
1.5× larger
CMBT
$592.8M
$397.6M
ELS
Growing faster (revenue YoY)
ELS
ELS
+37.2% gap
ELS
2.7%
-34.6%
CMBT

Income Statement — Q4 FY2024 vs Q1 FY2026

Metric
CMBT
CMBT
ELS
ELS
Revenue
$592.8M
$397.6M
Net Profit
$191.2M
Gross Margin
Operating Margin
46.4%
Net Margin
32.3%
Revenue YoY
-34.6%
2.7%
Net Profit YoY
-63.3%
EPS (diluted)
$1.01
$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
CMBT
CMBT
ELS
ELS
Q1 26
$397.6M
Q4 25
$373.9M
Q3 25
$393.3M
Q2 25
$376.9M
Q1 25
$387.3M
Q4 24
$592.8M
$372.3M
Q3 24
$387.3M
Q2 24
$380.0M
Net Profit
CMBT
CMBT
ELS
ELS
Q1 26
Q4 25
$103.8M
Q3 25
$100.4M
Q2 25
$83.5M
Q1 25
$114.4M
Q4 24
$191.2M
$100.6M
Q3 24
$86.9M
Q2 24
$82.1M
Operating Margin
CMBT
CMBT
ELS
ELS
Q1 26
Q4 25
26.5%
Q3 25
25.1%
Q2 25
22.3%
Q1 25
28.3%
Q4 24
46.4%
27.2%
Q3 24
21.4%
Q2 24
21.5%
Net Margin
CMBT
CMBT
ELS
ELS
Q1 26
Q4 25
27.8%
Q3 25
25.5%
Q2 25
22.2%
Q1 25
29.5%
Q4 24
32.3%
27.0%
Q3 24
22.4%
Q2 24
21.6%
EPS (diluted)
CMBT
CMBT
ELS
ELS
Q1 26
$0.56
Q4 25
$0.52
Q3 25
$0.50
Q2 25
$0.42
Q1 25
$0.57
Q4 24
$1.01
$0.51
Q3 24
$0.44
Q2 24
$0.42

Balance Sheet & Financial Strength

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

Metric
CMBT
CMBT
ELS
ELS
Cash + ST InvestmentsLiquidity on hand
$38.9M
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$1.2B
$1.8B
Total Assets
$3.9B
$5.7M
Debt / EquityLower = less leverage
2.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBT
CMBT
ELS
ELS
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$38.9M
Q3 24
Q2 24
Total Debt
CMBT
CMBT
ELS
ELS
Q1 26
Q4 25
$3.3B
Q3 25
Q2 25
Q1 25
Q4 24
$2.6B
$3.2B
Q3 24
Q2 24
Stockholders' Equity
CMBT
CMBT
ELS
ELS
Q1 26
$1.8B
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.2B
$1.7B
Q3 24
$1.4B
Q2 24
$1.4B
Total Assets
CMBT
CMBT
ELS
ELS
Q1 26
$5.7M
Q4 25
$5.7B
Q3 25
$5.7B
Q2 25
$5.7B
Q1 25
$5.6B
Q4 24
$3.9B
$5.6B
Q3 24
$5.6B
Q2 24
$5.6B
Debt / Equity
CMBT
CMBT
ELS
ELS
Q1 26
Q4 25
1.91×
Q3 25
Q2 25
Q1 25
Q4 24
2.20×
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
CMBT
CMBT
ELS
ELS
Operating Cash FlowLast quarter
$204.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.07×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBT
CMBT
ELS
ELS
Q1 26
Q4 25
$571.1M
Q3 25
$147.0M
Q2 25
$131.3M
Q1 25
$193.4M
Q4 24
$204.4M
$596.7M
Q3 24
$149.5M
Q2 24
$143.1M
Free Cash Flow
CMBT
CMBT
ELS
ELS
Q1 26
Q4 25
$334.1M
Q3 25
$75.7M
Q2 25
$71.8M
Q1 25
$148.2M
Q4 24
$355.4M
Q3 24
$91.1M
Q2 24
$80.6M
FCF Margin
CMBT
CMBT
ELS
ELS
Q1 26
Q4 25
89.4%
Q3 25
19.3%
Q2 25
19.1%
Q1 25
38.3%
Q4 24
95.5%
Q3 24
23.5%
Q2 24
21.2%
Capex Intensity
CMBT
CMBT
ELS
ELS
Q1 26
Q4 25
63.4%
Q3 25
18.1%
Q2 25
15.8%
Q1 25
11.7%
Q4 24
64.8%
Q3 24
15.1%
Q2 24
16.5%
Cash Conversion
CMBT
CMBT
ELS
ELS
Q1 26
Q4 25
5.50×
Q3 25
1.46×
Q2 25
1.57×
Q1 25
1.69×
Q4 24
1.07×
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

CMBT
CMBT

Segment breakdown not available.

ELS
ELS

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

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