vs

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

PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $397.6M, roughly 1.1× EQUITY LIFESTYLE PROPERTIES INC). On growth, EQUITY LIFESTYLE PROPERTIES INC posted the faster year-over-year revenue change (6.3% vs -9.6%). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs 2.3%).

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.

Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.

ELS vs PEGA — Head-to-Head

Bigger by revenue
PEGA
PEGA
1.1× larger
PEGA
$430.0M
$397.6M
ELS
Growing faster (revenue YoY)
ELS
ELS
+15.9% gap
ELS
6.3%
-9.6%
PEGA
Faster 2-yr revenue CAGR
PEGA
PEGA
Annualised
PEGA
10.7%
2.3%
ELS

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ELS
ELS
PEGA
PEGA
Revenue
$397.6M
$430.0M
Net Profit
$32.8M
Gross Margin
75.2%
Operating Margin
8.6%
Net Margin
7.6%
Revenue YoY
6.3%
-9.6%
Net Profit YoY
-61.6%
EPS (diluted)
$0.56
$0.18

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
PEGA
PEGA
Q1 26
$397.6M
$430.0M
Q4 25
$373.9M
$504.3M
Q3 25
$393.3M
$381.4M
Q2 25
$376.9M
$384.5M
Q1 25
$387.3M
$475.6M
Q4 24
$372.3M
$490.8M
Q3 24
$387.3M
$325.1M
Q2 24
$380.0M
$351.2M
Net Profit
ELS
ELS
PEGA
PEGA
Q1 26
$32.8M
Q4 25
$103.8M
$234.6M
Q3 25
$100.4M
$43.4M
Q2 25
$83.5M
$30.1M
Q1 25
$114.4M
$85.4M
Q4 24
$100.6M
$119.1M
Q3 24
$86.9M
$-14.4M
Q2 24
$82.1M
$6.6M
Gross Margin
ELS
ELS
PEGA
PEGA
Q1 26
75.2%
Q4 25
79.5%
Q3 25
72.2%
Q2 25
71.5%
Q1 25
78.5%
Q4 24
79.1%
Q3 24
70.2%
Q2 24
72.4%
Operating Margin
ELS
ELS
PEGA
PEGA
Q1 26
8.6%
Q4 25
26.5%
20.7%
Q3 25
25.1%
3.8%
Q2 25
22.3%
4.5%
Q1 25
28.3%
26.7%
Q4 24
27.2%
29.1%
Q3 24
21.4%
-3.6%
Q2 24
21.5%
3.7%
Net Margin
ELS
ELS
PEGA
PEGA
Q1 26
7.6%
Q4 25
27.8%
46.5%
Q3 25
25.5%
11.4%
Q2 25
22.2%
7.8%
Q1 25
29.5%
18.0%
Q4 24
27.0%
24.3%
Q3 24
22.4%
-4.4%
Q2 24
21.6%
1.9%
EPS (diluted)
ELS
ELS
PEGA
PEGA
Q1 26
$0.56
$0.18
Q4 25
$0.52
$0.81
Q3 25
$0.50
$0.24
Q2 25
$0.42
$0.17
Q1 25
$0.57
$0.91
Q4 24
$0.51
$1.35
Q3 24
$0.44
$-0.17
Q2 24
$0.42
$0.07

Balance Sheet & Financial Strength

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

Metric
ELS
ELS
PEGA
PEGA
Cash + ST InvestmentsLiquidity on hand
$270.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$705.9M
Total Assets
$5.7M
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELS
ELS
PEGA
PEGA
Q1 26
$270.0M
Q4 25
$425.8M
Q3 25
$351.4M
Q2 25
$411.6M
Q1 25
$371.7M
Q4 24
$740.0M
Q3 24
$703.0M
Q2 24
$665.1M
Total Debt
ELS
ELS
PEGA
PEGA
Q1 26
Q4 25
$3.3B
Q3 25
Q2 25
Q1 25
Q4 24
$3.2B
Q3 24
Q2 24
Stockholders' Equity
ELS
ELS
PEGA
PEGA
Q1 26
$1.8B
$705.9M
Q4 25
$1.8B
$787.4M
Q3 25
$1.8B
$596.8M
Q2 25
$1.7B
$624.5M
Q1 25
$1.7B
$611.3M
Q4 24
$1.7B
$585.5M
Q3 24
$1.4B
$473.0M
Q2 24
$1.4B
$435.4M
Total Assets
ELS
ELS
PEGA
PEGA
Q1 26
$5.7M
$1.6B
Q4 25
$5.7B
$1.6B
Q3 25
$5.7B
$1.3B
Q2 25
$5.7B
$1.3B
Q1 25
$5.6B
$1.3B
Q4 24
$5.6B
$1.8B
Q3 24
$5.6B
$1.6B
Q2 24
$5.6B
$1.5B
Debt / Equity
ELS
ELS
PEGA
PEGA
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
PEGA
PEGA
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$206.5M
FCF MarginFCF / Revenue
48.0%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$494.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELS
ELS
PEGA
PEGA
Q1 26
Q4 25
$571.1M
$158.4M
Q3 25
$147.0M
$56.3M
Q2 25
$131.3M
$86.3M
Q1 25
$193.4M
$204.2M
Q4 24
$596.7M
$95.2M
Q3 24
$149.5M
$30.5M
Q2 24
$143.1M
$40.1M
Free Cash Flow
ELS
ELS
PEGA
PEGA
Q1 26
$206.5M
Q4 25
$334.1M
$152.4M
Q3 25
$75.7M
$51.8M
Q2 25
$71.8M
$84.1M
Q1 25
$148.2M
$202.3M
Q4 24
$355.4M
$92.4M
Q3 24
$91.1M
$27.4M
Q2 24
$80.6M
$38.8M
FCF Margin
ELS
ELS
PEGA
PEGA
Q1 26
48.0%
Q4 25
89.4%
30.2%
Q3 25
19.3%
13.6%
Q2 25
19.1%
21.9%
Q1 25
38.3%
42.5%
Q4 24
95.5%
18.8%
Q3 24
23.5%
8.4%
Q2 24
21.2%
11.1%
Capex Intensity
ELS
ELS
PEGA
PEGA
Q1 26
Q4 25
63.4%
1.2%
Q3 25
18.1%
1.2%
Q2 25
15.8%
0.6%
Q1 25
11.7%
0.4%
Q4 24
64.8%
0.6%
Q3 24
15.1%
0.9%
Q2 24
16.5%
0.4%
Cash Conversion
ELS
ELS
PEGA
PEGA
Q1 26
Q4 25
5.50×
0.68×
Q3 25
1.46×
1.30×
Q2 25
1.57×
2.87×
Q1 25
1.69×
2.39×
Q4 24
5.93×
0.80×
Q3 24
1.72×
Q2 24
1.74×
6.06×

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%

PEGA
PEGA

Pega Cloud$205.0M48%
Subscription license$94.9M22%
Maintenance$75.3M18%
Consulting$54.8M13%

Related Comparisons