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Side-by-side financial comparison of Equity Residential (EQR) and Evergy (EVRG). Click either name above to swap in a different company.
Evergy is the larger business by last-quarter revenue ($1.3B vs $781.9M, roughly 1.7× Equity Residential). Equity Residential runs the higher net margin — 48.9% vs 6.5%, a 42.3% gap on every dollar of revenue. On growth, Evergy posted the faster year-over-year revenue change (5.3% vs 2.0%). Over the past eight quarters, Equity Residential's revenue compounded faster (3.4% CAGR vs 0.4%).
Equity Residential is a United States–based publicly traded real estate investment trust that invests in apartments.
Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri. The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, parent company of Kansas City Power & Light. Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial and industrial customers in Kansas and Missouri.
EQR vs EVRG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $781.9M | $1.3B |
| Net Profit | $382.1M | $84.3M |
| Gross Margin | — | — |
| Operating Margin | 50.6% | 18.5% |
| Net Margin | 48.9% | 6.5% |
| Revenue YoY | 2.0% | 5.3% |
| Net Profit YoY | -8.8% | 7.8% |
| EPS (diluted) | $1.01 | $0.35 |
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.
| Q4 25 | $781.9M | $1.3B | ||
| Q3 25 | $782.4M | $1.8B | ||
| Q2 25 | $768.8M | $1.4B | ||
| Q1 25 | $760.8M | $1.3B | ||
| Q4 24 | $766.8M | $1.2B | ||
| Q3 24 | $748.3M | $1.8B | ||
| Q2 24 | $734.2M | $1.4B | ||
| Q1 24 | $730.8M | $1.3B |
| Q4 25 | $382.1M | $84.3M | ||
| Q3 25 | $289.1M | $475.0M | ||
| Q2 25 | $192.4M | $171.3M | ||
| Q1 25 | $256.6M | $125.0M | ||
| Q4 24 | $419.1M | $78.2M | ||
| Q3 24 | $143.4M | $465.6M | ||
| Q2 24 | $177.5M | $207.0M | ||
| Q1 24 | $295.8M | $122.7M |
| Q4 25 | 50.6% | 18.5% | ||
| Q3 25 | 38.5% | 37.3% | ||
| Q2 25 | 26.6% | 25.4% | ||
| Q1 25 | 35.7% | 22.5% | ||
| Q4 24 | 57.2% | 18.1% | ||
| Q3 24 | 20.1% | 35.1% | ||
| Q2 24 | 25.3% | 25.4% | ||
| Q1 24 | 42.0% | 20.3% |
| Q4 25 | 48.9% | 6.5% | ||
| Q3 25 | 36.9% | 26.9% | ||
| Q2 25 | 25.0% | 12.6% | ||
| Q1 25 | 33.7% | 9.7% | ||
| Q4 24 | 54.7% | 6.4% | ||
| Q3 24 | 19.2% | 26.0% | ||
| Q2 24 | 24.2% | 14.7% | ||
| Q1 24 | 40.5% | 9.6% |
| Q4 25 | $1.01 | $0.35 | ||
| Q3 25 | $0.76 | $2.03 | ||
| Q2 25 | $0.50 | $0.74 | ||
| Q1 25 | $0.67 | $0.54 | ||
| Q4 24 | $1.10 | $0.34 | ||
| Q3 24 | $0.38 | $2.02 | ||
| Q2 24 | $0.47 | $0.90 | ||
| Q1 24 | $0.77 | $0.53 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $55.9M | $19.8M |
| Total DebtLower is stronger | $8.2B | — |
| Stockholders' EquityBook value | $11.0B | $10.2B |
| Total Assets | $20.7B | $33.9B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.9M | $19.8M | ||
| Q3 25 | $93.1M | $27.5M | ||
| Q2 25 | $31.3M | $27.8M | ||
| Q1 25 | $39.8M | $35.3M | ||
| Q4 24 | $62.3M | $22.0M | ||
| Q3 24 | $28.6M | $34.6M | ||
| Q2 24 | $38.3M | $26.1M | ||
| Q1 24 | $44.5M | $63.7M |
| Q4 25 | $8.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $11.0B | $10.2B | ||
| Q3 25 | $11.1B | $10.3B | ||
| Q2 25 | $11.0B | $10.0B | ||
| Q1 25 | $11.0B | $9.9B | ||
| Q4 24 | $11.0B | $10.0B | ||
| Q3 24 | $10.9B | $10.0B | ||
| Q2 24 | $11.0B | $9.7B | ||
| Q1 24 | $11.1B | $9.6B |
| Q4 25 | $20.7B | $33.9B | ||
| Q3 25 | $21.1B | $33.4B | ||
| Q2 25 | $21.0B | $32.9B | ||
| Q1 25 | $20.6B | $32.5B | ||
| Q4 24 | $20.8B | $32.3B | ||
| Q3 24 | $20.9B | $32.1B | ||
| Q2 24 | $19.8B | $31.8B | ||
| Q1 24 | $19.9B | $31.3B |
| Q4 25 | 0.75× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $387.0M | $334.0M |
| Free Cash FlowOCF − Capex | — | $-530.5M |
| FCF MarginFCF / Revenue | — | -41.1% |
| Capex IntensityCapex / Revenue | — | 66.9% |
| Cash ConversionOCF / Net Profit | 1.01× | 3.96× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-751.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $387.0M | $334.0M | ||
| Q3 25 | $476.7M | $937.7M | ||
| Q2 25 | $359.5M | $323.9M | ||
| Q1 25 | $425.5M | $449.6M | ||
| Q4 24 | $354.2M | $395.6M | ||
| Q3 24 | $401.4M | $953.3M | ||
| Q2 24 | $396.9M | $317.5M | ||
| Q1 24 | $421.0M | $317.3M |
| Q4 25 | — | $-530.5M | ||
| Q3 25 | — | $225.4M | ||
| Q2 25 | — | $-303.4M | ||
| Q1 25 | — | $-143.2M | ||
| Q4 24 | — | $-118.6M | ||
| Q3 24 | — | $427.0M | ||
| Q2 24 | — | $-360.0M | ||
| Q1 24 | — | $-301.3M |
| Q4 25 | — | -41.1% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | -22.4% | ||
| Q1 25 | — | -11.1% | ||
| Q4 24 | — | -9.7% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | -25.6% | ||
| Q1 24 | — | -23.5% |
| Q4 25 | — | 66.9% | ||
| Q3 25 | — | 40.4% | ||
| Q2 25 | — | 46.3% | ||
| Q1 25 | — | 45.8% | ||
| Q4 24 | — | 41.9% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 48.1% | ||
| Q1 24 | — | 48.3% |
| Q4 25 | 1.01× | 3.96× | ||
| Q3 25 | 1.65× | 1.97× | ||
| Q2 25 | 1.87× | 1.89× | ||
| Q1 25 | 1.66× | 3.60× | ||
| Q4 24 | 0.85× | 5.06× | ||
| Q3 24 | 2.80× | 2.05× | ||
| Q2 24 | 2.24× | 1.53× | ||
| Q1 24 | 1.42× | 2.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EQR
Segment breakdown not available.
EVRG
| Electric Utility Customer Class Residential | $462.9M | 36% |
| Electric Utility Customer Class Commercial | $447.6M | 35% |
| Electric Utility Customer Class Industrial | $164.1M | 13% |
| Electric Utility Customer Class Transmission | $129.4M | 10% |
| Electric Utility Customer Class Wholesale | $69.7M | 5% |
| Electric Utility Customer Class Other Retail | $12.2M | 1% |
| Electric Utility Customer Class Industrial Steam | $5.7M | 0% |
