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

Equity Residential is the larger business by last-quarter revenue ($781.9M vs $420.0M, roughly 1.9× FIRST ADVANTAGE CORP). Equity Residential runs the higher net margin — 48.9% vs 0.8%, a 48.0% gap on every dollar of revenue. On growth, FIRST ADVANTAGE CORP posted the faster year-over-year revenue change (36.8% vs 2.0%). Over the past eight quarters, FIRST ADVANTAGE CORP's revenue compounded faster (57.5% CAGR vs 3.4%).

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

First Advantage Corp is a leading global provider of end-to-end workforce screening and background verification solutions. It serves clients across diverse sectors including technology, healthcare, finance, retail, and manufacturing, ranging from small businesses to large multinational enterprises, helping reduce hiring risks, meet regulatory requirements, and build secure, trusted work environments globally.

EQR vs FA — Head-to-Head

Bigger by revenue
EQR
EQR
1.9× larger
EQR
$781.9M
$420.0M
FA
Growing faster (revenue YoY)
FA
FA
+34.8% gap
FA
36.8%
2.0%
EQR
Higher net margin
EQR
EQR
48.0% more per $
EQR
48.9%
0.8%
FA
Faster 2-yr revenue CAGR
FA
FA
Annualised
FA
57.5%
3.4%
EQR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EQR
EQR
FA
FA
Revenue
$781.9M
$420.0M
Net Profit
$382.1M
$3.5M
Gross Margin
Operating Margin
50.6%
10.7%
Net Margin
48.9%
0.8%
Revenue YoY
2.0%
36.8%
Net Profit YoY
-8.8%
103.5%
EPS (diluted)
$1.01
$0.03

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
EQR
EQR
FA
FA
Q4 25
$781.9M
$420.0M
Q3 25
$782.4M
$409.2M
Q2 25
$768.8M
$390.6M
Q1 25
$760.8M
$354.6M
Q4 24
$766.8M
$307.1M
Q3 24
$748.3M
$199.1M
Q2 24
$734.2M
$184.5M
Q1 24
$730.8M
$169.4M
Net Profit
EQR
EQR
FA
FA
Q4 25
$382.1M
$3.5M
Q3 25
$289.1M
$2.6M
Q2 25
$192.4M
$308.0K
Q1 25
$256.6M
$-41.2M
Q4 24
$419.1M
$-100.4M
Q3 24
$143.4M
$-8.9M
Q2 24
$177.5M
$1.9M
Q1 24
$295.8M
$-2.9M
Operating Margin
EQR
EQR
FA
FA
Q4 25
50.6%
10.7%
Q3 25
38.5%
10.3%
Q2 25
26.6%
9.7%
Q1 25
35.7%
2.1%
Q4 24
57.2%
-26.3%
Q3 24
20.1%
4.6%
Q2 24
25.3%
5.4%
Q1 24
42.0%
-0.4%
Net Margin
EQR
EQR
FA
FA
Q4 25
48.9%
0.8%
Q3 25
36.9%
0.6%
Q2 25
25.0%
0.1%
Q1 25
33.7%
-11.6%
Q4 24
54.7%
-32.7%
Q3 24
19.2%
-4.4%
Q2 24
24.2%
1.0%
Q1 24
40.5%
-1.7%
EPS (diluted)
EQR
EQR
FA
FA
Q4 25
$1.01
$0.03
Q3 25
$0.76
$0.01
Q2 25
$0.50
$0.00
Q1 25
$0.67
$-0.24
Q4 24
$1.10
$-0.67
Q3 24
$0.38
$-0.06
Q2 24
$0.47
$0.01
Q1 24
$0.77
$-0.02

Balance Sheet & Financial Strength

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

Metric
EQR
EQR
FA
FA
Cash + ST InvestmentsLiquidity on hand
$55.9M
$240.0M
Total DebtLower is stronger
$8.2B
$2.1B
Stockholders' EquityBook value
$11.0B
$1.3B
Total Assets
$20.7B
$3.8B
Debt / EquityLower = less leverage
0.75×
1.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQR
EQR
FA
FA
Q4 25
$55.9M
$240.0M
Q3 25
$93.1M
$216.8M
Q2 25
$31.3M
$184.3M
Q1 25
$39.8M
$172.0M
Q4 24
$62.3M
$168.7M
Q3 24
$28.6M
$307.4M
Q2 24
$38.3M
$269.6M
Q1 24
$44.5M
$246.0M
Total Debt
EQR
EQR
FA
FA
Q4 25
$8.2B
$2.1B
Q3 25
$2.1B
Q2 25
$2.1B
Q1 25
$2.2B
Q4 24
$8.2B
$2.2B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EQR
EQR
FA
FA
Q4 25
$11.0B
$1.3B
Q3 25
$11.1B
$1.3B
Q2 25
$11.0B
$1.3B
Q1 25
$11.0B
$1.3B
Q4 24
$11.0B
$1.3B
Q3 24
$10.9B
$920.7M
Q2 24
$11.0B
$913.3M
Q1 24
$11.1B
$907.7M
Total Assets
EQR
EQR
FA
FA
Q4 25
$20.7B
$3.8B
Q3 25
$21.1B
$3.9B
Q2 25
$21.0B
$3.9B
Q1 25
$20.6B
$3.9B
Q4 24
$20.8B
$3.9B
Q3 24
$20.9B
$1.7B
Q2 24
$19.8B
$1.6B
Q1 24
$19.9B
$1.6B
Debt / Equity
EQR
EQR
FA
FA
Q4 25
0.75×
1.61×
Q3 25
1.64×
Q2 25
1.65×
Q1 25
1.69×
Q4 24
0.74×
1.66×
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
EQR
EQR
FA
FA
Operating Cash FlowLast quarter
$387.0M
$65.9M
Free Cash FlowOCF − Capex
$62.2M
FCF MarginFCF / Revenue
14.8%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
1.01×
19.01×
TTM Free Cash FlowTrailing 4 quarters
$188.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQR
EQR
FA
FA
Q4 25
$387.0M
$65.9M
Q3 25
$476.7M
$72.4M
Q2 25
$359.5M
$37.3M
Q1 25
$425.5M
$19.5M
Q4 24
$354.2M
$-85.7M
Q3 24
$401.4M
$43.5M
Q2 24
$396.9M
$32.0M
Q1 24
$421.0M
$38.3M
Free Cash Flow
EQR
EQR
FA
FA
Q4 25
$62.2M
Q3 25
$71.2M
Q2 25
$36.1M
Q1 25
$19.0M
Q4 24
$-86.0M
Q3 24
$43.1M
Q2 24
$31.4M
Q1 24
$38.0M
FCF Margin
EQR
EQR
FA
FA
Q4 25
14.8%
Q3 25
17.4%
Q2 25
9.2%
Q1 25
5.4%
Q4 24
-28.0%
Q3 24
21.6%
Q2 24
17.0%
Q1 24
22.4%
Capex Intensity
EQR
EQR
FA
FA
Q4 25
0.9%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.1%
Q4 24
0.1%
Q3 24
0.2%
Q2 24
0.4%
Q1 24
0.2%
Cash Conversion
EQR
EQR
FA
FA
Q4 25
1.01×
19.01×
Q3 25
1.65×
27.91×
Q2 25
1.87×
121.25×
Q1 25
1.66×
Q4 24
0.85×
Q3 24
2.80×
Q2 24
2.24×
17.22×
Q1 24
1.42×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EQR
EQR

Segment breakdown not available.

FA
FA

First Advantage Americas$209.9M50%
Sterling$185.9M44%
First Advantage International$24.2M6%

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