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

Fabrinet is the larger business by last-quarter revenue ($1.1B vs $781.9M, roughly 1.4× Equity Residential). Equity Residential runs the higher net margin — 48.9% vs 9.9%, a 38.9% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 2.0%). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 3.4%).

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

Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.

EQR vs FN — Head-to-Head

Bigger by revenue
FN
FN
1.4× larger
FN
$1.1B
$781.9M
EQR
Growing faster (revenue YoY)
FN
FN
+33.9% gap
FN
35.9%
2.0%
EQR
Higher net margin
EQR
EQR
38.9% more per $
EQR
48.9%
9.9%
FN
Faster 2-yr revenue CAGR
FN
FN
Annualised
FN
24.4%
3.4%
EQR

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
EQR
EQR
FN
FN
Revenue
$781.9M
$1.1B
Net Profit
$382.1M
$112.6M
Gross Margin
12.2%
Operating Margin
50.6%
10.1%
Net Margin
48.9%
9.9%
Revenue YoY
2.0%
35.9%
Net Profit YoY
-8.8%
30.0%
EPS (diluted)
$1.01
$3.11

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
FN
FN
Q4 25
$781.9M
$1.1B
Q3 25
$782.4M
$978.1M
Q2 25
$768.8M
$909.7M
Q1 25
$760.8M
$871.8M
Q4 24
$766.8M
$833.6M
Q3 24
$748.3M
$804.2M
Q2 24
$734.2M
$753.3M
Q1 24
$730.8M
$731.5M
Net Profit
EQR
EQR
FN
FN
Q4 25
$382.1M
$112.6M
Q3 25
$289.1M
$95.9M
Q2 25
$192.4M
$87.2M
Q1 25
$256.6M
$81.3M
Q4 24
$419.1M
$86.6M
Q3 24
$143.4M
$77.4M
Q2 24
$177.5M
$81.1M
Q1 24
$295.8M
$80.9M
Gross Margin
EQR
EQR
FN
FN
Q4 25
12.2%
Q3 25
11.9%
Q2 25
12.2%
Q1 25
11.7%
Q4 24
12.1%
Q3 24
12.3%
Q2 24
12.3%
Q1 24
12.4%
Operating Margin
EQR
EQR
FN
FN
Q4 25
50.6%
10.1%
Q3 25
38.5%
9.6%
Q2 25
26.6%
9.8%
Q1 25
35.7%
9.0%
Q4 24
57.2%
9.5%
Q3 24
20.1%
9.6%
Q2 24
25.3%
9.7%
Q1 24
42.0%
9.7%
Net Margin
EQR
EQR
FN
FN
Q4 25
48.9%
9.9%
Q3 25
36.9%
9.8%
Q2 25
25.0%
9.6%
Q1 25
33.7%
9.3%
Q4 24
54.7%
10.4%
Q3 24
19.2%
9.6%
Q2 24
24.2%
10.8%
Q1 24
40.5%
11.1%
EPS (diluted)
EQR
EQR
FN
FN
Q4 25
$1.01
$3.11
Q3 25
$0.76
$2.66
Q2 25
$0.50
$2.41
Q1 25
$0.67
$2.25
Q4 24
$1.10
$2.38
Q3 24
$0.38
$2.13
Q2 24
$0.47
$2.22
Q1 24
$0.77
$2.21

Balance Sheet & Financial Strength

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

Metric
EQR
EQR
FN
FN
Cash + ST InvestmentsLiquidity on hand
$55.9M
$960.8M
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$11.0B
$2.2B
Total Assets
$20.7B
$3.3B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQR
EQR
FN
FN
Q4 25
$55.9M
$960.8M
Q3 25
$93.1M
$968.8M
Q2 25
$31.3M
$934.2M
Q1 25
$39.8M
$950.7M
Q4 24
$62.3M
$934.6M
Q3 24
$28.6M
$908.9M
Q2 24
$38.3M
$858.6M
Q1 24
$44.5M
$794.0M
Total Debt
EQR
EQR
FN
FN
Q4 25
$8.2B
Q3 25
Q2 25
Q1 25
Q4 24
$8.2B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EQR
EQR
FN
FN
Q4 25
$11.0B
$2.2B
Q3 25
$11.1B
$2.1B
Q2 25
$11.0B
$2.0B
Q1 25
$11.0B
$1.9B
Q4 24
$11.0B
$1.8B
Q3 24
$10.9B
$1.8B
Q2 24
$11.0B
$1.7B
Q1 24
$11.1B
$1.7B
Total Assets
EQR
EQR
FN
FN
Q4 25
$20.7B
$3.3B
Q3 25
$21.1B
$3.0B
Q2 25
$21.0B
$2.8B
Q1 25
$20.6B
$2.6B
Q4 24
$20.8B
$2.5B
Q3 24
$20.9B
$2.4B
Q2 24
$19.8B
$2.3B
Q1 24
$19.9B
$2.2B
Debt / Equity
EQR
EQR
FN
FN
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
EQR
EQR
FN
FN
Operating Cash FlowLast quarter
$387.0M
$46.3M
Free Cash FlowOCF − Capex
$-5.3M
FCF MarginFCF / Revenue
-0.5%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
1.01×
0.41×
TTM Free Cash FlowTrailing 4 quarters
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQR
EQR
FN
FN
Q4 25
$387.0M
$46.3M
Q3 25
$476.7M
$102.6M
Q2 25
$359.5M
$55.1M
Q1 25
$425.5M
$74.2M
Q4 24
$354.2M
$115.9M
Q3 24
$401.4M
$83.2M
Q2 24
$396.9M
$83.1M
Q1 24
$421.0M
$100.9M
Free Cash Flow
EQR
EQR
FN
FN
Q4 25
$-5.3M
Q3 25
$57.3M
Q2 25
$4.7M
Q1 25
$45.7M
Q4 24
$94.0M
Q3 24
$62.9M
Q2 24
$70.4M
Q1 24
$87.3M
FCF Margin
EQR
EQR
FN
FN
Q4 25
-0.5%
Q3 25
5.9%
Q2 25
0.5%
Q1 25
5.2%
Q4 24
11.3%
Q3 24
7.8%
Q2 24
9.3%
Q1 24
11.9%
Capex Intensity
EQR
EQR
FN
FN
Q4 25
4.6%
Q3 25
4.6%
Q2 25
5.5%
Q1 25
3.3%
Q4 24
2.6%
Q3 24
2.5%
Q2 24
1.7%
Q1 24
1.9%
Cash Conversion
EQR
EQR
FN
FN
Q4 25
1.01×
0.41×
Q3 25
1.65×
1.07×
Q2 25
1.87×
0.63×
Q1 25
1.66×
0.91×
Q4 24
0.85×
1.34×
Q3 24
2.80×
1.07×
Q2 24
2.24×
1.02×
Q1 24
1.42×
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EQR
EQR

Segment breakdown not available.

FN
FN

Optical Communications$832.6M73%
Non Optical Communications$300.3M27%

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