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

Maxeon Solar Technologies, Ltd. is the larger business by last-quarter revenue ($509.0M vs $397.6M, roughly 1.3× EQUITY LIFESTYLE PROPERTIES INC). On growth, EQUITY LIFESTYLE PROPERTIES INC posted the faster year-over-year revenue change (2.7% vs -54.7%).

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.

Maxeon Solar Technologies, Ltd. is a Singapore-based company that designs and manufactures photovoltaic panels. The company was previously a division of the American company SunPower. Maxeon was spun off from SunPower in August 2020. Maxeon was the primary provider of solar panels for SunPower through March 2024. Beyond the United States, Maxeon has sales operations in more than 100 countries and has the rights to use the SunPower brand in countries outside the United States.

ELS vs MAXN — Head-to-Head

Bigger by revenue
MAXN
MAXN
1.3× larger
MAXN
$509.0M
$397.6M
ELS
Growing faster (revenue YoY)
ELS
ELS
+57.3% gap
ELS
2.7%
-54.7%
MAXN

Income Statement — Q1 FY2026 vs Q4 FY2024

Metric
ELS
ELS
MAXN
MAXN
Revenue
$397.6M
$509.0M
Net Profit
$-614.3M
Gross Margin
Operating Margin
-113.3%
Net Margin
-120.7%
Revenue YoY
2.7%
-54.7%
Net Profit YoY
-122.7%
EPS (diluted)
$0.56
$-96.00

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
MAXN
MAXN
Q1 26
$397.6M
Q4 25
$373.9M
Q3 25
$393.3M
Q2 25
$376.9M
Q1 25
$387.3M
Q4 24
$372.3M
$509.0M
Q3 24
$387.3M
Q2 24
$380.0M
Net Profit
ELS
ELS
MAXN
MAXN
Q1 26
Q4 25
$103.8M
Q3 25
$100.4M
Q2 25
$83.5M
Q1 25
$114.4M
Q4 24
$100.6M
$-614.3M
Q3 24
$86.9M
Q2 24
$82.1M
Operating Margin
ELS
ELS
MAXN
MAXN
Q1 26
Q4 25
26.5%
Q3 25
25.1%
Q2 25
22.3%
Q1 25
28.3%
Q4 24
27.2%
-113.3%
Q3 24
21.4%
Q2 24
21.5%
Net Margin
ELS
ELS
MAXN
MAXN
Q1 26
Q4 25
27.8%
Q3 25
25.5%
Q2 25
22.2%
Q1 25
29.5%
Q4 24
27.0%
-120.7%
Q3 24
22.4%
Q2 24
21.6%
EPS (diluted)
ELS
ELS
MAXN
MAXN
Q1 26
$0.56
Q4 25
$0.52
Q3 25
$0.50
Q2 25
$0.42
Q1 25
$0.57
Q4 24
$0.51
$-96.00
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
ELS
ELS
MAXN
MAXN
Cash + ST InvestmentsLiquidity on hand
$28.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$-293.8M
Total Assets
$5.7M
$376.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELS
ELS
MAXN
MAXN
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$28.9M
Q3 24
Q2 24
Total Debt
ELS
ELS
MAXN
MAXN
Q1 26
Q4 25
$3.3B
Q3 25
Q2 25
Q1 25
Q4 24
$3.2B
Q3 24
Q2 24
Stockholders' Equity
ELS
ELS
MAXN
MAXN
Q1 26
$1.8B
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.7B
$-293.8M
Q3 24
$1.4B
Q2 24
$1.4B
Total Assets
ELS
ELS
MAXN
MAXN
Q1 26
$5.7M
Q4 25
$5.7B
Q3 25
$5.7B
Q2 25
$5.7B
Q1 25
$5.6B
Q4 24
$5.6B
$376.3M
Q3 24
$5.6B
Q2 24
$5.6B
Debt / Equity
ELS
ELS
MAXN
MAXN
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
MAXN
MAXN
Operating Cash FlowLast quarter
$-270.2M
Free Cash FlowOCF − Capex
$-322.3M
FCF MarginFCF / Revenue
-63.3%
Capex IntensityCapex / Revenue
10.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELS
ELS
MAXN
MAXN
Q1 26
Q4 25
$571.1M
Q3 25
$147.0M
Q2 25
$131.3M
Q1 25
$193.4M
Q4 24
$596.7M
$-270.2M
Q3 24
$149.5M
Q2 24
$143.1M
Free Cash Flow
ELS
ELS
MAXN
MAXN
Q1 26
Q4 25
$334.1M
Q3 25
$75.7M
Q2 25
$71.8M
Q1 25
$148.2M
Q4 24
$355.4M
$-322.3M
Q3 24
$91.1M
Q2 24
$80.6M
FCF Margin
ELS
ELS
MAXN
MAXN
Q1 26
Q4 25
89.4%
Q3 25
19.3%
Q2 25
19.1%
Q1 25
38.3%
Q4 24
95.5%
-63.3%
Q3 24
23.5%
Q2 24
21.2%
Capex Intensity
ELS
ELS
MAXN
MAXN
Q1 26
Q4 25
63.4%
Q3 25
18.1%
Q2 25
15.8%
Q1 25
11.7%
Q4 24
64.8%
10.2%
Q3 24
15.1%
Q2 24
16.5%
Cash Conversion
ELS
ELS
MAXN
MAXN
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%

MAXN
MAXN

Segment breakdown not available.

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