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Side-by-side financial comparison of EQUITY LIFESTYLE PROPERTIES INC (ELS) and PicoCELA Inc. (PCLA). 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 $252.6M, roughly 1.6× PicoCELA Inc.).

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.

PicoCELA Inc. is a global technology company specializing in low-power, high-reliability wireless connectivity solutions, including Wi-Fi HaLow modules and edge network infrastructure. It caters to industrial IoT, smart city, retail, and smart home segments, with a primary operational footprint across Asia, North America, and European markets.

ELS vs PCLA — Head-to-Head

Bigger by revenue
ELS
ELS
1.6× larger
ELS
$397.6M
$252.6M
PCLA

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
ELS
ELS
PCLA
PCLA
Revenue
$397.6M
$252.6M
Net Profit
$-316.2M
Gross Margin
Operating Margin
-114.8%
Net Margin
-125.2%
Revenue YoY
2.7%
Net Profit YoY
EPS (diluted)
$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
ELS
ELS
PCLA
PCLA
Q1 26
$397.6M
Q4 25
$373.9M
Q3 25
$393.3M
Q2 25
$376.9M
Q1 25
$387.3M
$252.6M
Q4 24
$372.3M
Q3 24
$387.3M
Q2 24
$380.0M
Net Profit
ELS
ELS
PCLA
PCLA
Q1 26
Q4 25
$103.8M
Q3 25
$100.4M
Q2 25
$83.5M
Q1 25
$114.4M
$-316.2M
Q4 24
$100.6M
Q3 24
$86.9M
Q2 24
$82.1M
Operating Margin
ELS
ELS
PCLA
PCLA
Q1 26
Q4 25
26.5%
Q3 25
25.1%
Q2 25
22.3%
Q1 25
28.3%
-114.8%
Q4 24
27.2%
Q3 24
21.4%
Q2 24
21.5%
Net Margin
ELS
ELS
PCLA
PCLA
Q1 26
Q4 25
27.8%
Q3 25
25.5%
Q2 25
22.2%
Q1 25
29.5%
-125.2%
Q4 24
27.0%
Q3 24
22.4%
Q2 24
21.6%
EPS (diluted)
ELS
ELS
PCLA
PCLA
Q1 26
$0.56
Q4 25
$0.52
Q3 25
$0.50
Q2 25
$0.42
Q1 25
$0.57
Q4 24
$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
ELS
ELS
PCLA
PCLA
Cash + ST InvestmentsLiquidity on hand
$456.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$354.8M
Total Assets
$5.7M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELS
ELS
PCLA
PCLA
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
$456.8M
Q4 24
Q3 24
Q2 24
Total Debt
ELS
ELS
PCLA
PCLA
Q1 26
Q4 25
$3.3B
Q3 25
Q2 25
Q1 25
Q4 24
$3.2B
Q3 24
Q2 24
Stockholders' Equity
ELS
ELS
PCLA
PCLA
Q1 26
$1.8B
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.7B
Q1 25
$1.7B
$354.8M
Q4 24
$1.7B
Q3 24
$1.4B
Q2 24
$1.4B
Total Assets
ELS
ELS
PCLA
PCLA
Q1 26
$5.7M
Q4 25
$5.7B
Q3 25
$5.7B
Q2 25
$5.7B
Q1 25
$5.6B
$1.2B
Q4 24
$5.6B
Q3 24
$5.6B
Q2 24
$5.6B
Debt / Equity
ELS
ELS
PCLA
PCLA
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
PCLA
PCLA
Operating Cash FlowLast quarter
$-245.6M
Free Cash FlowOCF − Capex
$-256.6M
FCF MarginFCF / Revenue
-101.6%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELS
ELS
PCLA
PCLA
Q1 26
Q4 25
$571.1M
Q3 25
$147.0M
Q2 25
$131.3M
Q1 25
$193.4M
$-245.6M
Q4 24
$596.7M
Q3 24
$149.5M
Q2 24
$143.1M
Free Cash Flow
ELS
ELS
PCLA
PCLA
Q1 26
Q4 25
$334.1M
Q3 25
$75.7M
Q2 25
$71.8M
Q1 25
$148.2M
$-256.6M
Q4 24
$355.4M
Q3 24
$91.1M
Q2 24
$80.6M
FCF Margin
ELS
ELS
PCLA
PCLA
Q1 26
Q4 25
89.4%
Q3 25
19.3%
Q2 25
19.1%
Q1 25
38.3%
-101.6%
Q4 24
95.5%
Q3 24
23.5%
Q2 24
21.2%
Capex Intensity
ELS
ELS
PCLA
PCLA
Q1 26
Q4 25
63.4%
Q3 25
18.1%
Q2 25
15.8%
Q1 25
11.7%
4.3%
Q4 24
64.8%
Q3 24
15.1%
Q2 24
16.5%
Cash Conversion
ELS
ELS
PCLA
PCLA
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%

PCLA
PCLA

Revenue from product$179.1M71%
Revenue from SaaS, Maintenance and others$42.4M17%
Revenue from product – related party$31.0M12%

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