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Side-by-side financial comparison of EQUITY LIFESTYLE PROPERTIES INC (ELS) and Figma, Inc. (FIG). 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 $274.2M, roughly 1.5× Figma, Inc.). On growth, Figma, Inc. posted the faster year-over-year revenue change (38.0% vs 2.7%).

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.

Figma is a collaborative web application for interface design, with additional offline features enabled by desktop applications for macOS and Windows. The feature set of Figma focuses on user interface and user experience design, with an emphasis on real-time collaboration, utilizing a variety of vector graphics editor and prototyping tools. The Figma mobile app for Android and iOS allows viewing and interacting with Figma prototypes in real-time on mobile and tablet devices.

ELS vs FIG — Head-to-Head

Bigger by revenue
ELS
ELS
1.5× larger
ELS
$397.6M
$274.2M
FIG
Growing faster (revenue YoY)
FIG
FIG
+35.4% gap
FIG
38.0%
2.7%
ELS

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
ELS
ELS
FIG
FIG
Revenue
$397.6M
$274.2M
Net Profit
$-1.1B
Gross Margin
69.4%
Operating Margin
-414.6%
Net Margin
-400.1%
Revenue YoY
2.7%
38.0%
Net Profit YoY
-6933.0%
EPS (diluted)
$0.56
$-2.72

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
ELS
ELS
FIG
FIG
Q1 26
$397.6M
Q4 25
$373.9M
Q3 25
$393.3M
$274.2M
Q2 25
$376.9M
$249.6M
Q1 25
$387.3M
Q4 24
$372.3M
Q3 24
$387.3M
$198.6M
Q2 24
$380.0M
$177.2M
Net Profit
ELS
ELS
FIG
FIG
Q1 26
Q4 25
$103.8M
Q3 25
$100.4M
$-1.1B
Q2 25
$83.5M
$28.2M
Q1 25
$114.4M
Q4 24
$100.6M
Q3 24
$86.9M
$-15.6M
Q2 24
$82.1M
$-827.9M
Gross Margin
ELS
ELS
FIG
FIG
Q1 26
Q4 25
Q3 25
69.4%
Q2 25
88.8%
Q1 25
Q4 24
Q3 24
90.6%
Q2 24
77.7%
Operating Margin
ELS
ELS
FIG
FIG
Q1 26
Q4 25
26.5%
Q3 25
25.1%
-414.6%
Q2 25
22.3%
0.8%
Q1 25
28.3%
Q4 24
27.2%
Q3 24
21.4%
-23.8%
Q2 24
21.5%
-504.7%
Net Margin
ELS
ELS
FIG
FIG
Q1 26
Q4 25
27.8%
Q3 25
25.5%
-400.1%
Q2 25
22.2%
11.3%
Q1 25
29.5%
Q4 24
27.0%
Q3 24
22.4%
-7.9%
Q2 24
21.6%
-467.2%
EPS (diluted)
ELS
ELS
FIG
FIG
Q1 26
$0.56
Q4 25
$0.52
Q3 25
$0.50
$-2.72
Q2 25
$0.42
$0.00
Q1 25
$0.57
Q4 24
$0.51
Q3 24
$0.44
$-0.07
Q2 24
$0.42
$-4.39

Balance Sheet & Financial Strength

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

Metric
ELS
ELS
FIG
FIG
Cash + ST InvestmentsLiquidity on hand
$1.6B
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$1.4B
Total Assets
$5.7M
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELS
ELS
FIG
FIG
Q1 26
Q4 25
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
Q4 24
Q3 24
$416.1M
Q2 24
$586.1M
Total Debt
ELS
ELS
FIG
FIG
Q1 26
Q4 25
$3.3B
Q3 25
Q2 25
Q1 25
Q4 24
$3.2B
Q3 24
Q2 24
Stockholders' Equity
ELS
ELS
FIG
FIG
Q1 26
$1.8B
Q4 25
$1.8B
Q3 25
$1.8B
$1.4B
Q2 25
$1.7B
$1.4B
Q1 25
$1.7B
Q4 24
$1.7B
Q3 24
$1.4B
$1.2B
Q2 24
$1.4B
$862.4M
Total Assets
ELS
ELS
FIG
FIG
Q1 26
$5.7M
Q4 25
$5.7B
Q3 25
$5.7B
$2.1B
Q2 25
$5.7B
$2.0B
Q1 25
$5.6B
Q4 24
$5.6B
Q3 24
$5.6B
Q2 24
$5.6B
Debt / Equity
ELS
ELS
FIG
FIG
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
ELS
ELS
FIG
FIG
Operating Cash FlowLast quarter
$51.2M
Free Cash FlowOCF − Capex
$49.5M
FCF MarginFCF / Revenue
18.0%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELS
ELS
FIG
FIG
Q1 26
Q4 25
$571.1M
Q3 25
$147.0M
$51.2M
Q2 25
$131.3M
Q1 25
$193.4M
Q4 24
$596.7M
Q3 24
$149.5M
Q2 24
$143.1M
Free Cash Flow
ELS
ELS
FIG
FIG
Q1 26
Q4 25
$334.1M
Q3 25
$75.7M
$49.5M
Q2 25
$71.8M
Q1 25
$148.2M
Q4 24
$355.4M
Q3 24
$91.1M
Q2 24
$80.6M
FCF Margin
ELS
ELS
FIG
FIG
Q1 26
Q4 25
89.4%
Q3 25
19.3%
18.0%
Q2 25
19.1%
Q1 25
38.3%
Q4 24
95.5%
Q3 24
23.5%
Q2 24
21.2%
Capex Intensity
ELS
ELS
FIG
FIG
Q1 26
Q4 25
63.4%
Q3 25
18.1%
0.6%
Q2 25
15.8%
Q1 25
11.7%
Q4 24
64.8%
Q3 24
15.1%
Q2 24
16.5%
Cash Conversion
ELS
ELS
FIG
FIG
Q1 26
Q4 25
5.50×
Q3 25
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

ELS
ELS

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

FIG
FIG

Non Us$147.4M54%
US$126.8M46%

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