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Side-by-side financial comparison of EQUITY LIFESTYLE PROPERTIES INC (ELS) and Privia Health Group, Inc. (PRVA). Click either name above to swap in a different company.

Privia Health Group, Inc. is the larger business by last-quarter revenue ($541.2M vs $397.6M, roughly 1.4× EQUITY LIFESTYLE PROPERTIES INC). On growth, Privia Health Group, Inc. posted the faster year-over-year revenue change (17.4% vs 2.7%). Over the past eight quarters, Privia Health Group, Inc.'s revenue compounded faster (14.2% 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.

Privia Health Group, Inc. is a U.S.-headquartered healthcare technology and services firm supporting independent practices, health systems, and payers delivering value-based care. It offers population health tools, patient engagement platforms, care coordination support, and workflow solutions to boost patient outcomes and cut operational costs for U.S. healthcare stakeholders.

ELS vs PRVA — Head-to-Head

Bigger by revenue
PRVA
PRVA
1.4× larger
PRVA
$541.2M
$397.6M
ELS
Growing faster (revenue YoY)
PRVA
PRVA
+14.8% gap
PRVA
17.4%
2.7%
ELS
Faster 2-yr revenue CAGR
PRVA
PRVA
Annualised
PRVA
14.2%
2.3%
ELS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ELS
ELS
PRVA
PRVA
Revenue
$397.6M
$541.2M
Net Profit
$9.2M
Gross Margin
Operating Margin
2.1%
Net Margin
1.7%
Revenue YoY
2.7%
17.4%
Net Profit YoY
108.0%
EPS (diluted)
$0.56
$0.08

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
PRVA
PRVA
Q1 26
$397.6M
Q4 25
$373.9M
$541.2M
Q3 25
$393.3M
$580.4M
Q2 25
$376.9M
$521.2M
Q1 25
$387.3M
$480.1M
Q4 24
$372.3M
$460.9M
Q3 24
$387.3M
$437.9M
Q2 24
$380.0M
$422.3M
Net Profit
ELS
ELS
PRVA
PRVA
Q1 26
Q4 25
$103.8M
$9.2M
Q3 25
$100.4M
$6.9M
Q2 25
$83.5M
$2.7M
Q1 25
$114.4M
$4.2M
Q4 24
$100.6M
$4.4M
Q3 24
$86.9M
$3.5M
Q2 24
$82.1M
$3.5M
Operating Margin
ELS
ELS
PRVA
PRVA
Q1 26
Q4 25
26.5%
2.1%
Q3 25
25.1%
2.5%
Q2 25
22.3%
0.6%
Q1 25
28.3%
1.1%
Q4 24
27.2%
1.1%
Q3 24
21.4%
1.3%
Q2 24
21.5%
1.2%
Net Margin
ELS
ELS
PRVA
PRVA
Q1 26
Q4 25
27.8%
1.7%
Q3 25
25.5%
1.2%
Q2 25
22.2%
0.5%
Q1 25
29.5%
0.9%
Q4 24
27.0%
1.0%
Q3 24
22.4%
0.8%
Q2 24
21.6%
0.8%
EPS (diluted)
ELS
ELS
PRVA
PRVA
Q1 26
$0.56
Q4 25
$0.52
$0.08
Q3 25
$0.50
$0.05
Q2 25
$0.42
$0.02
Q1 25
$0.57
$0.03
Q4 24
$0.51
$0.03
Q3 24
$0.44
$0.03
Q2 24
$0.42
$0.03

Balance Sheet & Financial Strength

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

Metric
ELS
ELS
PRVA
PRVA
Cash + ST InvestmentsLiquidity on hand
$479.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$737.2M
Total Assets
$5.7M
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELS
ELS
PRVA
PRVA
Q1 26
Q4 25
$479.7M
Q3 25
$441.4M
Q2 25
$390.1M
Q1 25
$469.3M
Q4 24
$491.1M
Q3 24
$422.0M
Q2 24
$387.4M
Total Debt
ELS
ELS
PRVA
PRVA
Q1 26
Q4 25
$3.3B
Q3 25
Q2 25
Q1 25
Q4 24
$3.2B
Q3 24
Q2 24
Stockholders' Equity
ELS
ELS
PRVA
PRVA
Q1 26
$1.8B
Q4 25
$1.8B
$737.2M
Q3 25
$1.8B
$709.1M
Q2 25
$1.7B
$682.9M
Q1 25
$1.7B
$659.4M
Q4 24
$1.7B
$635.2M
Q3 24
$1.4B
$614.9M
Q2 24
$1.4B
$595.4M
Total Assets
ELS
ELS
PRVA
PRVA
Q1 26
$5.7M
Q4 25
$5.7B
$1.4B
Q3 25
$5.7B
$1.4B
Q2 25
$5.7B
$1.3B
Q1 25
$5.6B
$1.2B
Q4 24
$5.6B
$1.1B
Q3 24
$5.6B
$1.1B
Q2 24
$5.6B
$1.1B
Debt / Equity
ELS
ELS
PRVA
PRVA
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
PRVA
PRVA
Operating Cash FlowLast quarter
$127.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
13.93×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELS
ELS
PRVA
PRVA
Q1 26
Q4 25
$571.1M
$127.5M
Q3 25
$147.0M
$52.0M
Q2 25
$131.3M
$8.0M
Q1 25
$193.4M
$-24.1M
Q4 24
$596.7M
$74.8M
Q3 24
$149.5M
$33.2M
Q2 24
$143.1M
$34.5M
Free Cash Flow
ELS
ELS
PRVA
PRVA
Q1 26
Q4 25
$334.1M
Q3 25
$75.7M
Q2 25
$71.8M
Q1 25
$148.2M
Q4 24
$355.4M
Q3 24
$91.1M
Q2 24
$80.6M
FCF Margin
ELS
ELS
PRVA
PRVA
Q1 26
Q4 25
89.4%
Q3 25
19.3%
Q2 25
19.1%
Q1 25
38.3%
Q4 24
95.5%
Q3 24
23.5%
Q2 24
21.2%
Capex Intensity
ELS
ELS
PRVA
PRVA
Q1 26
Q4 25
63.4%
Q3 25
18.1%
Q2 25
15.8%
Q1 25
11.7%
Q4 24
64.8%
Q3 24
15.1%
Q2 24
16.5%
Cash Conversion
ELS
ELS
PRVA
PRVA
Q1 26
Q4 25
5.50×
13.93×
Q3 25
1.46×
7.58×
Q2 25
1.57×
2.97×
Q1 25
1.69×
-5.70×
Q4 24
5.93×
17.00×
Q3 24
1.72×
9.38×
Q2 24
1.74×
9.94×

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%

PRVA
PRVA

FFS Patient Care$364.4M67%
Capitated Revenue$71.4M13%
Shared Savings$46.9M9%
FFS Administrative Services$36.0M7%
Care Management Fee PMPM$20.0M4%
Other Revenue$2.5M0%

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