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Side-by-side financial comparison of EQUITY LIFESTYLE PROPERTIES INC (ELS) and PERDOCEO EDUCATION Corp (PRDO). 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 $211.6M, roughly 1.9× PERDOCEO EDUCATION Corp). On growth, PERDOCEO EDUCATION Corp posted the faster year-over-year revenue change (20.0% vs 2.7%). Over the past eight quarters, PERDOCEO EDUCATION Corp's revenue compounded faster (12.2% 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.

Perdoceo Education Corporation (PRDO) is a public company that owns five for-profit universities in the United States: American Intercontinental University, Colorado Technical University, California Southern University, Trident University International, and University of St. Augustine for Health Sciences. The company was previously known as Career Education Corporation.

ELS vs PRDO — Head-to-Head

Bigger by revenue
ELS
ELS
1.9× larger
ELS
$397.6M
$211.6M
PRDO
Growing faster (revenue YoY)
PRDO
PRDO
+17.3% gap
PRDO
20.0%
2.7%
ELS
Faster 2-yr revenue CAGR
PRDO
PRDO
Annualised
PRDO
12.2%
2.3%
ELS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ELS
ELS
PRDO
PRDO
Revenue
$397.6M
$211.6M
Net Profit
Gross Margin
Operating Margin
19.8%
Net Margin
Revenue YoY
2.7%
20.0%
Net Profit YoY
EPS (diluted)
$0.56
$0.55

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
PRDO
PRDO
Q1 26
$397.6M
Q4 25
$373.9M
$211.6M
Q3 25
$393.3M
$211.9M
Q2 25
$376.9M
$209.6M
Q1 25
$387.3M
$213.0M
Q4 24
$372.3M
$176.4M
Q3 24
$387.3M
$169.8M
Q2 24
$380.0M
$166.7M
Net Profit
ELS
ELS
PRDO
PRDO
Q1 26
Q4 25
$103.8M
Q3 25
$100.4M
$39.9M
Q2 25
$83.5M
$41.0M
Q1 25
$114.4M
$43.7M
Q4 24
$100.6M
Q3 24
$86.9M
$38.3M
Q2 24
$82.1M
$38.4M
Operating Margin
ELS
ELS
PRDO
PRDO
Q1 26
Q4 25
26.5%
19.8%
Q3 25
25.1%
24.1%
Q2 25
22.3%
24.5%
Q1 25
28.3%
24.3%
Q4 24
27.2%
21.1%
Q3 24
21.4%
26.4%
Q2 24
21.5%
27.6%
Net Margin
ELS
ELS
PRDO
PRDO
Q1 26
Q4 25
27.8%
Q3 25
25.5%
18.8%
Q2 25
22.2%
19.6%
Q1 25
29.5%
20.5%
Q4 24
27.0%
Q3 24
22.4%
22.5%
Q2 24
21.6%
23.0%
EPS (diluted)
ELS
ELS
PRDO
PRDO
Q1 26
$0.56
Q4 25
$0.52
$0.55
Q3 25
$0.50
$0.60
Q2 25
$0.42
$0.62
Q1 25
$0.57
$0.65
Q4 24
$0.51
$0.46
Q3 24
$0.44
$0.57
Q2 24
$0.42
$0.57

Balance Sheet & Financial Strength

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

Metric
ELS
ELS
PRDO
PRDO
Cash + ST InvestmentsLiquidity on hand
$111.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$972.4M
Total Assets
$5.7M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELS
ELS
PRDO
PRDO
Q1 26
Q4 25
$111.0M
Q3 25
$159.5M
Q2 25
$172.1M
Q1 25
$132.1M
Q4 24
$109.1M
Q3 24
$238.0M
Q2 24
$127.9M
Total Debt
ELS
ELS
PRDO
PRDO
Q1 26
Q4 25
$3.3B
Q3 25
Q2 25
Q1 25
Q4 24
$3.2B
Q3 24
Q2 24
Stockholders' Equity
ELS
ELS
PRDO
PRDO
Q1 26
$1.8B
Q4 25
$1.8B
$972.4M
Q3 25
$1.8B
$997.9M
Q2 25
$1.7B
$984.6M
Q1 25
$1.7B
$970.3M
Q4 24
$1.7B
$959.5M
Q3 24
$1.4B
$935.4M
Q2 24
$1.4B
$899.5M
Total Assets
ELS
ELS
PRDO
PRDO
Q1 26
$5.7M
Q4 25
$5.7B
$1.2B
Q3 25
$5.7B
$1.3B
Q2 25
$5.7B
$1.3B
Q1 25
$5.6B
$1.3B
Q4 24
$5.6B
$1.2B
Q3 24
$5.6B
$1.1B
Q2 24
$5.6B
$1.1B
Debt / Equity
ELS
ELS
PRDO
PRDO
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
PRDO
PRDO
Operating Cash FlowLast quarter
$40.1M
Free Cash FlowOCF − Capex
$37.9M
FCF MarginFCF / Revenue
17.9%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$216.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELS
ELS
PRDO
PRDO
Q1 26
Q4 25
$571.1M
$40.1M
Q3 25
$147.0M
$41.2M
Q2 25
$131.3M
$78.8M
Q1 25
$193.4M
$65.1M
Q4 24
$596.7M
$17.6M
Q3 24
$149.5M
$51.0M
Q2 24
$143.1M
$38.5M
Free Cash Flow
ELS
ELS
PRDO
PRDO
Q1 26
Q4 25
$334.1M
$37.9M
Q3 25
$75.7M
$39.4M
Q2 25
$71.8M
$76.0M
Q1 25
$148.2M
$63.4M
Q4 24
$355.4M
$16.0M
Q3 24
$91.1M
$50.0M
Q2 24
$80.6M
$37.7M
FCF Margin
ELS
ELS
PRDO
PRDO
Q1 26
Q4 25
89.4%
17.9%
Q3 25
19.3%
18.6%
Q2 25
19.1%
36.3%
Q1 25
38.3%
29.8%
Q4 24
95.5%
9.1%
Q3 24
23.5%
29.4%
Q2 24
21.2%
22.6%
Capex Intensity
ELS
ELS
PRDO
PRDO
Q1 26
Q4 25
63.4%
1.1%
Q3 25
18.1%
0.9%
Q2 25
15.8%
1.3%
Q1 25
11.7%
0.8%
Q4 24
64.8%
0.9%
Q3 24
15.1%
0.6%
Q2 24
16.5%
0.5%
Cash Conversion
ELS
ELS
PRDO
PRDO
Q1 26
Q4 25
5.50×
Q3 25
1.46×
1.03×
Q2 25
1.57×
1.92×
Q1 25
1.69×
1.49×
Q4 24
5.93×
Q3 24
1.72×
1.33×
Q2 24
1.74×
1.00×

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%

PRDO
PRDO

CTU$107.0M51%
AIUS$60.8M29%
University Of St Augustine For Health Sciences Llc$43.7M21%
Other$1.1M1%

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