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Side-by-side financial comparison of Equity Residential (EQR) and F5, Inc. (FFIV). Click either name above to swap in a different company.

F5, Inc. is the larger business by last-quarter revenue ($811.7M vs $781.9M, roughly 1.0× Equity Residential). Equity Residential runs the higher net margin — 48.9% vs 18.2%, a 30.6% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (11.0% vs 2.0%). Over the past eight quarters, F5, Inc.'s revenue compounded faster (8.0% CAGR vs 3.4%).

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

F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.

EQR vs FFIV — Head-to-Head

Bigger by revenue
FFIV
FFIV
1.0× larger
FFIV
$811.7M
$781.9M
EQR
Growing faster (revenue YoY)
FFIV
FFIV
+9.0% gap
FFIV
11.0%
2.0%
EQR
Higher net margin
EQR
EQR
30.6% more per $
EQR
48.9%
18.2%
FFIV
Faster 2-yr revenue CAGR
FFIV
FFIV
Annualised
FFIV
8.0%
3.4%
EQR

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
EQR
EQR
FFIV
FFIV
Revenue
$781.9M
$811.7M
Net Profit
$382.1M
$148.0M
Gross Margin
81.4%
Operating Margin
50.6%
22.1%
Net Margin
48.9%
18.2%
Revenue YoY
2.0%
11.0%
Net Profit YoY
-8.8%
1.5%
EPS (diluted)
$1.01
$2.58

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
FFIV
FFIV
Q1 26
$811.7M
Q4 25
$781.9M
$822.5M
Q3 25
$782.4M
$810.1M
Q2 25
$768.8M
$780.4M
Q1 25
$760.8M
$731.1M
Q4 24
$766.8M
$766.5M
Q3 24
$748.3M
$746.7M
Q2 24
$734.2M
$695.5M
Net Profit
EQR
EQR
FFIV
FFIV
Q1 26
$148.0M
Q4 25
$382.1M
$180.1M
Q3 25
$289.1M
$190.5M
Q2 25
$192.4M
$189.9M
Q1 25
$256.6M
$145.5M
Q4 24
$419.1M
$166.4M
Q3 24
$143.4M
$165.3M
Q2 24
$177.5M
$144.1M
Gross Margin
EQR
EQR
FFIV
FFIV
Q1 26
81.4%
Q4 25
81.5%
Q3 25
82.2%
Q2 25
81.0%
Q1 25
80.7%
Q4 24
81.7%
Q3 24
80.8%
Q2 24
80.4%
Operating Margin
EQR
EQR
FFIV
FFIV
Q1 26
22.1%
Q4 25
50.6%
26.0%
Q3 25
38.5%
25.4%
Q2 25
26.6%
25.2%
Q1 25
35.7%
21.7%
Q4 24
57.2%
26.8%
Q3 24
20.1%
25.6%
Q2 24
25.3%
23.4%
Net Margin
EQR
EQR
FFIV
FFIV
Q1 26
18.2%
Q4 25
48.9%
21.9%
Q3 25
36.9%
23.5%
Q2 25
25.0%
24.3%
Q1 25
33.7%
19.9%
Q4 24
54.7%
21.7%
Q3 24
19.2%
22.1%
Q2 24
24.2%
20.7%
EPS (diluted)
EQR
EQR
FFIV
FFIV
Q1 26
$2.58
Q4 25
$1.01
$3.10
Q3 25
$0.76
$3.25
Q2 25
$0.50
$3.25
Q1 25
$0.67
$2.48
Q4 24
$1.10
$2.82
Q3 24
$0.38
$2.79
Q2 24
$0.47
$2.44

Balance Sheet & Financial Strength

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

Metric
EQR
EQR
FFIV
FFIV
Cash + ST InvestmentsLiquidity on hand
$55.9M
$1.4B
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$11.0B
$3.6B
Total Assets
$20.7B
$6.5B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQR
EQR
FFIV
FFIV
Q1 26
$1.4B
Q4 25
$55.9M
$1.2B
Q3 25
$93.1M
$1.3B
Q2 25
$31.3M
$1.4B
Q1 25
$39.8M
$1.3B
Q4 24
$62.3M
$1.2B
Q3 24
$28.6M
$1.1B
Q2 24
$38.3M
$935.6M
Total Debt
EQR
EQR
FFIV
FFIV
Q1 26
Q4 25
$8.2B
Q3 25
Q2 25
Q1 25
Q4 24
$8.2B
Q3 24
Q2 24
Stockholders' Equity
EQR
EQR
FFIV
FFIV
Q1 26
$3.6B
Q4 25
$11.0B
$3.5B
Q3 25
$11.1B
$3.6B
Q2 25
$11.0B
$3.5B
Q1 25
$11.0B
$3.3B
Q4 24
$11.0B
$3.2B
Q3 24
$10.9B
$3.1B
Q2 24
$11.0B
$3.0B
Total Assets
EQR
EQR
FFIV
FFIV
Q1 26
$6.5B
Q4 25
$20.7B
$6.3B
Q3 25
$21.1B
$6.3B
Q2 25
$21.0B
$6.1B
Q1 25
$20.6B
$5.9B
Q4 24
$20.8B
$5.9B
Q3 24
$20.9B
$5.6B
Q2 24
$19.8B
$5.4B
Debt / Equity
EQR
EQR
FFIV
FFIV
Q1 26
Q4 25
0.75×
Q3 25
Q2 25
Q1 25
Q4 24
0.74×
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
EQR
EQR
FFIV
FFIV
Operating Cash FlowLast quarter
$387.0M
$525.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.01×
3.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQR
EQR
FFIV
FFIV
Q1 26
$525.1M
Q4 25
$387.0M
$159.2M
Q3 25
$476.7M
$208.1M
Q2 25
$359.5M
$282.2M
Q1 25
$425.5M
$256.6M
Q4 24
$354.2M
$202.8M
Q3 24
$401.4M
$246.5M
Q2 24
$396.9M
$159.0M
Free Cash Flow
EQR
EQR
FFIV
FFIV
Q1 26
Q4 25
$149.5M
Q3 25
$191.9M
Q2 25
$273.7M
Q1 25
$246.1M
Q4 24
$194.7M
Q3 24
$240.4M
Q2 24
$153.1M
FCF Margin
EQR
EQR
FFIV
FFIV
Q1 26
Q4 25
18.2%
Q3 25
23.7%
Q2 25
35.1%
Q1 25
33.7%
Q4 24
25.4%
Q3 24
32.2%
Q2 24
22.0%
Capex Intensity
EQR
EQR
FFIV
FFIV
Q1 26
Q4 25
1.2%
Q3 25
2.0%
Q2 25
1.1%
Q1 25
1.4%
Q4 24
1.1%
Q3 24
0.8%
Q2 24
0.8%
Cash Conversion
EQR
EQR
FFIV
FFIV
Q1 26
3.55×
Q4 25
1.01×
0.88×
Q3 25
1.65×
1.09×
Q2 25
1.87×
1.49×
Q1 25
1.66×
1.76×
Q4 24
0.85×
1.22×
Q3 24
2.80×
1.49×
Q2 24
2.24×
1.10×

Financial Flow Comparison

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

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