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Side-by-side financial comparison of Equity Residential (EQR) and ESAB Corp (ESAB). Click either name above to swap in a different company.

Equity Residential is the larger business by last-quarter revenue ($781.9M vs $745.6M, roughly 1.0× ESAB Corp). Equity Residential runs the higher net margin — 48.9% vs 6.6%, a 42.3% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (9.9% vs 2.0%). Over the past eight quarters, ESAB Corp's revenue compounded faster (4.0% CAGR vs 3.4%).

Equity Residential is a United States–based publicly traded real estate investment trust that invests in apartments.

ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.

EQR vs ESAB — Head-to-Head

Bigger by revenue
EQR
EQR
1.0× larger
EQR
$781.9M
$745.6M
ESAB
Growing faster (revenue YoY)
ESAB
ESAB
+8.0% gap
ESAB
9.9%
2.0%
EQR
Higher net margin
EQR
EQR
42.3% more per $
EQR
48.9%
6.6%
ESAB
Faster 2-yr revenue CAGR
ESAB
ESAB
Annualised
ESAB
4.0%
3.4%
EQR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
EQR
EQR
ESAB
ESAB
Revenue
$781.9M
$745.6M
Net Profit
$382.1M
$49.2M
Gross Margin
36.9%
Operating Margin
50.6%
12.1%
Net Margin
48.9%
6.6%
Revenue YoY
2.0%
9.9%
Net Profit YoY
-8.8%
-29.3%
EPS (diluted)
$1.01
$0.78

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
EQR
EQR
ESAB
ESAB
Q1 26
$745.6M
Q4 25
$781.9M
$727.8M
Q3 25
$782.4M
$715.6M
Q2 25
$768.8M
$678.1M
Q1 25
$760.8M
Q4 24
$766.8M
$670.8M
Q3 24
$748.3M
$673.3M
Q2 24
$734.2M
$707.1M
Net Profit
EQR
EQR
ESAB
ESAB
Q1 26
$49.2M
Q4 25
$382.1M
$54.8M
Q3 25
$289.1M
$66.9M
Q2 25
$192.4M
$67.4M
Q1 25
$256.6M
Q4 24
$419.1M
$53.7M
Q3 24
$143.4M
$68.2M
Q2 24
$177.5M
$82.9M
Gross Margin
EQR
EQR
ESAB
ESAB
Q1 26
36.9%
Q4 25
37.0%
Q3 25
37.2%
Q2 25
37.6%
Q1 25
Q4 24
38.5%
Q3 24
37.7%
Q2 24
38.2%
Operating Margin
EQR
EQR
ESAB
ESAB
Q1 26
12.1%
Q4 25
50.6%
14.6%
Q3 25
38.5%
15.2%
Q2 25
26.6%
16.2%
Q1 25
35.7%
Q4 24
57.2%
16.6%
Q3 24
20.1%
15.7%
Q2 24
25.3%
16.9%
Net Margin
EQR
EQR
ESAB
ESAB
Q1 26
6.6%
Q4 25
48.9%
7.5%
Q3 25
36.9%
9.3%
Q2 25
25.0%
9.9%
Q1 25
33.7%
Q4 24
54.7%
8.0%
Q3 24
19.2%
10.1%
Q2 24
24.2%
11.7%
EPS (diluted)
EQR
EQR
ESAB
ESAB
Q1 26
$0.78
Q4 25
$1.01
$0.90
Q3 25
$0.76
$1.09
Q2 25
$0.50
$1.10
Q1 25
$0.67
Q4 24
$1.10
$0.87
Q3 24
$0.38
$1.11
Q2 24
$0.47
$1.35

Balance Sheet & Financial Strength

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

Metric
EQR
EQR
ESAB
ESAB
Cash + ST InvestmentsLiquidity on hand
$55.9M
$1.0B
Total DebtLower is stronger
$8.2B
$2.0B
Stockholders' EquityBook value
$11.0B
$2.2B
Total Assets
$20.7B
$5.6B
Debt / EquityLower = less leverage
0.75×
0.91×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQR
EQR
ESAB
ESAB
Q1 26
$1.0B
Q4 25
$55.9M
$218.2M
Q3 25
$93.1M
$258.2M
Q2 25
$31.3M
$291.3M
Q1 25
$39.8M
Q4 24
$62.3M
$249.4M
Q3 24
$28.6M
$253.7M
Q2 24
$38.3M
$228.5M
Total Debt
EQR
EQR
ESAB
ESAB
Q1 26
$2.0B
Q4 25
$8.2B
$1.3B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
Q4 24
$8.2B
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Stockholders' Equity
EQR
EQR
ESAB
ESAB
Q1 26
$2.2B
Q4 25
$11.0B
$2.1B
Q3 25
$11.1B
$2.1B
Q2 25
$11.0B
$1.9B
Q1 25
$11.0B
Q4 24
$11.0B
$1.8B
Q3 24
$10.9B
$1.8B
Q2 24
$11.0B
$1.7B
Total Assets
EQR
EQR
ESAB
ESAB
Q1 26
$5.6B
Q4 25
$20.7B
$4.9B
Q3 25
$21.1B
$4.4B
Q2 25
$21.0B
$4.2B
Q1 25
$20.6B
Q4 24
$20.8B
$4.0B
Q3 24
$20.9B
$4.1B
Q2 24
$19.8B
$4.0B
Debt / Equity
EQR
EQR
ESAB
ESAB
Q1 26
0.91×
Q4 25
0.75×
0.63×
Q3 25
0.51×
Q2 25
0.55×
Q1 25
Q4 24
0.74×
0.60×
Q3 24
0.59×
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
EQR
EQR
ESAB
ESAB
Operating Cash FlowLast quarter
$387.0M
$46.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.01×
0.95×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQR
EQR
ESAB
ESAB
Q1 26
$46.9M
Q4 25
$387.0M
$81.5M
Q3 25
$476.7M
$46.6M
Q2 25
$359.5M
$35.4M
Q1 25
$425.5M
Q4 24
$354.2M
$126.9M
Q3 24
$401.4M
$101.0M
Q2 24
$396.9M
$83.0M
Free Cash Flow
EQR
EQR
ESAB
ESAB
Q1 26
Q4 25
$70.3M
Q3 25
$37.4M
Q2 25
$28.1M
Q1 25
Q4 24
$102.2M
Q3 24
$90.4M
Q2 24
$74.0M
FCF Margin
EQR
EQR
ESAB
ESAB
Q1 26
Q4 25
9.7%
Q3 25
5.2%
Q2 25
4.1%
Q1 25
Q4 24
15.2%
Q3 24
13.4%
Q2 24
10.5%
Capex Intensity
EQR
EQR
ESAB
ESAB
Q1 26
Q4 25
1.5%
Q3 25
1.3%
Q2 25
1.1%
Q1 25
Q4 24
3.7%
Q3 24
1.6%
Q2 24
1.3%
Cash Conversion
EQR
EQR
ESAB
ESAB
Q1 26
0.95×
Q4 25
1.01×
1.49×
Q3 25
1.65×
0.70×
Q2 25
1.87×
0.53×
Q1 25
1.66×
Q4 24
0.85×
2.36×
Q3 24
2.80×
1.48×
Q2 24
2.24×
1.00×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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