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Side-by-side financial comparison of EQUITY LIFESTYLE PROPERTIES INC (ELS) and TRIMAS CORP (TRS). 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 $256.5M, roughly 1.6× TRIMAS CORP). On growth, TRIMAS CORP posted the faster year-over-year revenue change (3.8% vs 2.7%). Over the past eight quarters, TRIMAS CORP's revenue compounded faster (3.3% 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.

Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected global markets.

ELS vs TRS — Head-to-Head

Bigger by revenue
ELS
ELS
1.6× larger
ELS
$397.6M
$256.5M
TRS
Growing faster (revenue YoY)
TRS
TRS
+1.2% gap
TRS
3.8%
2.7%
ELS
Faster 2-yr revenue CAGR
TRS
TRS
Annualised
TRS
3.3%
2.3%
ELS

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ELS
ELS
TRS
TRS
Revenue
$397.6M
$256.5M
Net Profit
$81.7M
Gross Margin
12.8%
Operating Margin
5.7%
Net Margin
31.9%
Revenue YoY
2.7%
3.8%
Net Profit YoY
236.9%
EPS (diluted)
$0.56
$2.03

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
TRS
TRS
Q1 26
$397.6M
$256.5M
Q4 25
$373.9M
$-140.0M
Q3 25
$393.3M
$269.3M
Q2 25
$376.9M
$274.8M
Q1 25
$387.3M
$241.7M
Q4 24
$372.3M
$-66.2M
Q3 24
$387.3M
$229.4M
Q2 24
$380.0M
$240.5M
Net Profit
ELS
ELS
TRS
TRS
Q1 26
$81.7M
Q4 25
$103.8M
$81.7M
Q3 25
$100.4M
$9.3M
Q2 25
$83.5M
$16.7M
Q1 25
$114.4M
$12.4M
Q4 24
$100.6M
$5.6M
Q3 24
$86.9M
$2.5M
Q2 24
$82.1M
$10.9M
Gross Margin
ELS
ELS
TRS
TRS
Q1 26
12.8%
Q4 25
Q3 25
12.8%
Q2 25
13.8%
Q1 25
13.6%
Q4 24
Q3 24
15.4%
Q2 24
14.4%
Operating Margin
ELS
ELS
TRS
TRS
Q1 26
5.7%
Q4 25
26.5%
Q3 25
25.1%
6.2%
Q2 25
22.3%
9.9%
Q1 25
28.3%
9.0%
Q4 24
27.2%
Q3 24
21.4%
3.6%
Q2 24
21.5%
7.4%
Net Margin
ELS
ELS
TRS
TRS
Q1 26
31.9%
Q4 25
27.8%
-58.4%
Q3 25
25.5%
3.5%
Q2 25
22.2%
6.1%
Q1 25
29.5%
5.1%
Q4 24
27.0%
-8.5%
Q3 24
22.4%
1.1%
Q2 24
21.6%
4.5%
EPS (diluted)
ELS
ELS
TRS
TRS
Q1 26
$0.56
$2.03
Q4 25
$0.52
$2.01
Q3 25
$0.50
$0.23
Q2 25
$0.42
$0.41
Q1 25
$0.57
$0.30
Q4 24
$0.51
$0.14
Q3 24
$0.44
$0.06
Q2 24
$0.42
$0.27

Balance Sheet & Financial Strength

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

Metric
ELS
ELS
TRS
TRS
Cash + ST InvestmentsLiquidity on hand
$30.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.8B
$705.6M
Total Assets
$5.7M
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELS
ELS
TRS
TRS
Q1 26
$30.0M
Q4 25
$30.0M
Q3 25
$33.6M
Q2 25
$30.3M
Q1 25
$32.7M
Q4 24
$23.1M
Q3 24
$26.9M
Q2 24
$35.0M
Total Debt
ELS
ELS
TRS
TRS
Q1 26
Q4 25
$3.3B
$469.2M
Q3 25
$407.1M
Q2 25
$424.5M
Q1 25
$434.2M
Q4 24
$3.2B
$398.1M
Q3 24
$409.9M
Q2 24
$427.4M
Stockholders' Equity
ELS
ELS
TRS
TRS
Q1 26
$1.8B
$705.6M
Q4 25
$1.8B
$705.6M
Q3 25
$1.8B
$725.0M
Q2 25
$1.7B
$715.3M
Q1 25
$1.7B
$686.6M
Q4 24
$1.7B
$667.3M
Q3 24
$1.4B
$682.8M
Q2 24
$1.4B
$675.9M
Total Assets
ELS
ELS
TRS
TRS
Q1 26
$5.7M
$1.5B
Q4 25
$5.7B
$1.5B
Q3 25
$5.7B
$1.4B
Q2 25
$5.7B
$1.4B
Q1 25
$5.6B
$1.4B
Q4 24
$5.6B
$1.3B
Q3 24
$5.6B
$1.4B
Q2 24
$5.6B
$1.4B
Debt / Equity
ELS
ELS
TRS
TRS
Q1 26
Q4 25
1.91×
0.66×
Q3 25
0.56×
Q2 25
0.59×
Q1 25
0.63×
Q4 24
1.84×
0.60×
Q3 24
0.60×
Q2 24
0.63×

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
TRS
TRS
Operating Cash FlowLast quarter
$117.5M
Free Cash FlowOCF − Capex
$36.8M
FCF MarginFCF / Revenue
14.4%
Capex IntensityCapex / Revenue
18.9%
Cash ConversionOCF / Net Profit
1.44×
TTM Free Cash FlowTrailing 4 quarters
$109.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELS
ELS
TRS
TRS
Q1 26
$117.5M
Q4 25
$571.1M
$41.5M
Q3 25
$147.0M
$36.5M
Q2 25
$131.3M
$30.3M
Q1 25
$193.4M
$9.2M
Q4 24
$596.7M
$27.1M
Q3 24
$149.5M
$22.0M
Q2 24
$143.1M
$18.4M
Free Cash Flow
ELS
ELS
TRS
TRS
Q1 26
$36.8M
Q4 25
$334.1M
$36.8M
Q3 25
$75.7M
$22.8M
Q2 25
$71.8M
$13.2M
Q1 25
$148.2M
$-3.8M
Q4 24
$355.4M
$12.1M
Q3 24
$91.1M
$10.2M
Q2 24
$80.6M
$7.5M
FCF Margin
ELS
ELS
TRS
TRS
Q1 26
14.4%
Q4 25
89.4%
-26.3%
Q3 25
19.3%
8.5%
Q2 25
19.1%
4.8%
Q1 25
38.3%
-1.6%
Q4 24
95.5%
-18.3%
Q3 24
23.5%
4.4%
Q2 24
21.2%
3.1%
Capex Intensity
ELS
ELS
TRS
TRS
Q1 26
18.9%
Q4 25
63.4%
-3.4%
Q3 25
18.1%
5.1%
Q2 25
15.8%
6.2%
Q1 25
11.7%
5.4%
Q4 24
64.8%
-22.6%
Q3 24
15.1%
5.2%
Q2 24
16.5%
4.5%
Cash Conversion
ELS
ELS
TRS
TRS
Q1 26
1.44×
Q4 25
5.50×
0.51×
Q3 25
1.46×
3.92×
Q2 25
1.57×
1.81×
Q1 25
1.69×
0.74×
Q4 24
5.93×
4.80×
Q3 24
1.72×
8.71×
Q2 24
1.74×
1.68×

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%

TRS
TRS

Segment breakdown not available.

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