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Side-by-side financial comparison of Diversified Energy Co (DEC) and Equity Residential (EQR). Click either name above to swap in a different company.
Equity Residential is the larger business by last-quarter revenue ($781.9M vs $666.5M, roughly 1.2× Diversified Energy Co). Equity Residential runs the higher net margin — 48.9% vs 29.3%, a 19.5% gap on every dollar of revenue.
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
Equity Residential is a United States–based publicly traded real estate investment trust that invests in apartments.
DEC vs EQR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $666.5M | $781.9M |
| Net Profit | $195.5M | $382.1M |
| Gross Margin | — | — |
| Operating Margin | 37.6% | 50.6% |
| Net Margin | 29.3% | 48.9% |
| Revenue YoY | — | 2.0% |
| Net Profit YoY | — | -8.8% |
| EPS (diluted) | — | $1.01 |
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.
| Q4 25 | $666.5M | $781.9M | ||
| Q3 25 | $499.8M | $782.4M | ||
| Q2 25 | $600.3M | $768.8M | ||
| Q1 25 | — | $760.8M | ||
| Q4 24 | — | $766.8M | ||
| Q3 24 | — | $748.3M | ||
| Q2 24 | — | $734.2M | ||
| Q1 24 | — | $730.8M |
| Q4 25 | $195.5M | $382.1M | ||
| Q3 25 | $171.1M | $289.1M | ||
| Q2 25 | $297.7M | $192.4M | ||
| Q1 25 | — | $256.6M | ||
| Q4 24 | — | $419.1M | ||
| Q3 24 | — | $143.4M | ||
| Q2 24 | — | $177.5M | ||
| Q1 24 | — | $295.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 44.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 37.6% | 50.6% | ||
| Q3 25 | 36.2% | 38.5% | ||
| Q2 25 | 48.5% | 26.6% | ||
| Q1 25 | — | 35.7% | ||
| Q4 24 | — | 57.2% | ||
| Q3 24 | — | 20.1% | ||
| Q2 24 | — | 25.3% | ||
| Q1 24 | — | 42.0% |
| Q4 25 | 29.3% | 48.9% | ||
| Q3 25 | 34.2% | 36.9% | ||
| Q2 25 | 49.6% | 25.0% | ||
| Q1 25 | — | 33.7% | ||
| Q4 24 | — | 54.7% | ||
| Q3 24 | — | 19.2% | ||
| Q2 24 | — | 24.2% | ||
| Q1 24 | — | 40.5% |
| Q4 25 | — | $1.01 | ||
| Q3 25 | $2.14 | $0.76 | ||
| Q2 25 | $3.67 | $0.50 | ||
| Q1 25 | — | $0.67 | ||
| Q4 24 | — | $1.10 | ||
| Q3 24 | — | $0.38 | ||
| Q2 24 | — | $0.47 | ||
| Q1 24 | — | $0.77 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.7M | $55.9M |
| Total DebtLower is stronger | $2.7B | $8.2B |
| Stockholders' EquityBook value | $984.1M | $11.0B |
| Total Assets | $6.2B | $20.7B |
| Debt / EquityLower = less leverage | 2.76× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.7M | $55.9M | ||
| Q3 25 | — | $93.1M | ||
| Q2 25 | $23.7M | $31.3M | ||
| Q1 25 | — | $39.8M | ||
| Q4 24 | — | $62.3M | ||
| Q3 24 | — | $28.6M | ||
| Q2 24 | — | $38.3M | ||
| Q1 24 | — | $44.5M |
| Q4 25 | $2.7B | $8.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $984.1M | $11.0B | ||
| Q3 25 | — | $11.1B | ||
| Q2 25 | $727.7M | $11.0B | ||
| Q1 25 | — | $11.0B | ||
| Q4 24 | — | $11.0B | ||
| Q3 24 | — | $10.9B | ||
| Q2 24 | — | $11.0B | ||
| Q1 24 | — | $11.1B |
| Q4 25 | $6.2B | $20.7B | ||
| Q3 25 | — | $21.1B | ||
| Q2 25 | $5.7B | $21.0B | ||
| Q1 25 | — | $20.6B | ||
| Q4 24 | — | $20.8B | ||
| Q3 24 | — | $20.9B | ||
| Q2 24 | — | $19.8B | ||
| Q1 24 | — | $19.9B |
| Q4 25 | 2.76× | 0.75× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $464.6M | $387.0M |
| Free Cash FlowOCF − Capex | $280.0M | — |
| FCF MarginFCF / Revenue | 42.0% | — |
| Capex IntensityCapex / Revenue | 27.7% | — |
| Cash ConversionOCF / Net Profit | 2.38× | 1.01× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $464.6M | $387.0M | ||
| Q3 25 | — | $476.7M | ||
| Q2 25 | $264.1M | $359.5M | ||
| Q1 25 | — | $425.5M | ||
| Q4 24 | — | $354.2M | ||
| Q3 24 | — | $401.4M | ||
| Q2 24 | — | $396.9M | ||
| Q1 24 | — | $421.0M |
| Q4 25 | $280.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 42.0% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 27.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 2.38× | 1.01× | ||
| Q3 25 | — | 1.65× | ||
| Q2 25 | 0.89× | 1.87× | ||
| Q1 25 | — | 1.66× | ||
| Q4 24 | — | 0.85× | ||
| Q3 24 | — | 2.80× | ||
| Q2 24 | — | 2.24× | ||
| Q1 24 | — | 1.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
