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

Equity Residential is the larger business by last-quarter revenue ($781.9M vs $597.1M, roughly 1.3× FEDERAL SIGNAL CORP). Equity Residential runs the higher net margin — 48.9% vs 10.2%, a 38.7% gap on every dollar of revenue. On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs 2.0%). Over the past eight quarters, FEDERAL SIGNAL CORP's revenue compounded faster (18.5% CAGR vs 3.4%).

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

The Federal Signal Company was an American manufacturer of railway signaling equipment in the early 20th century. It was located in Albany, New York.

EQR vs FSS — Head-to-Head

Bigger by revenue
EQR
EQR
1.3× larger
EQR
$781.9M
$597.1M
FSS
Growing faster (revenue YoY)
FSS
FSS
+24.5% gap
FSS
26.5%
2.0%
EQR
Higher net margin
EQR
EQR
38.7% more per $
EQR
48.9%
10.2%
FSS
Faster 2-yr revenue CAGR
FSS
FSS
Annualised
FSS
18.5%
3.4%
EQR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EQR
EQR
FSS
FSS
Revenue
$781.9M
$597.1M
Net Profit
$382.1M
$60.8M
Gross Margin
28.4%
Operating Margin
50.6%
14.0%
Net Margin
48.9%
10.2%
Revenue YoY
2.0%
26.5%
Net Profit YoY
-8.8%
21.6%
EPS (diluted)
$1.01
$0.99

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
FSS
FSS
Q4 25
$781.9M
$597.1M
Q3 25
$782.4M
$555.0M
Q2 25
$768.8M
$564.6M
Q1 25
$760.8M
$463.8M
Q4 24
$766.8M
$472.0M
Q3 24
$748.3M
$474.2M
Q2 24
$734.2M
$490.4M
Q1 24
$730.8M
$424.9M
Net Profit
EQR
EQR
FSS
FSS
Q4 25
$382.1M
$60.8M
Q3 25
$289.1M
$68.1M
Q2 25
$192.4M
$71.4M
Q1 25
$256.6M
$46.3M
Q4 24
$419.1M
$50.0M
Q3 24
$143.4M
$53.9M
Q2 24
$177.5M
$60.8M
Q1 24
$295.8M
$51.6M
Gross Margin
EQR
EQR
FSS
FSS
Q4 25
28.4%
Q3 25
29.1%
Q2 25
30.0%
Q1 25
28.2%
Q4 24
28.1%
Q3 24
29.6%
Q2 24
29.4%
Q1 24
27.3%
Operating Margin
EQR
EQR
FSS
FSS
Q4 25
50.6%
14.0%
Q3 25
38.5%
16.9%
Q2 25
26.6%
17.3%
Q1 25
35.7%
14.2%
Q4 24
57.2%
14.9%
Q3 24
20.1%
16.0%
Q2 24
25.3%
16.5%
Q1 24
42.0%
12.8%
Net Margin
EQR
EQR
FSS
FSS
Q4 25
48.9%
10.2%
Q3 25
36.9%
12.3%
Q2 25
25.0%
12.6%
Q1 25
33.7%
10.0%
Q4 24
54.7%
10.6%
Q3 24
19.2%
11.4%
Q2 24
24.2%
12.4%
Q1 24
40.5%
12.1%
EPS (diluted)
EQR
EQR
FSS
FSS
Q4 25
$1.01
$0.99
Q3 25
$0.76
$1.11
Q2 25
$0.50
$1.16
Q1 25
$0.67
$0.75
Q4 24
$1.10
$0.80
Q3 24
$0.38
$0.87
Q2 24
$0.47
$0.99
Q1 24
$0.77
$0.84

Balance Sheet & Financial Strength

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

Metric
EQR
EQR
FSS
FSS
Cash + ST InvestmentsLiquidity on hand
$55.9M
$63.7M
Total DebtLower is stronger
$8.2B
$564.6M
Stockholders' EquityBook value
$11.0B
$1.4B
Total Assets
$20.7B
$2.4B
Debt / EquityLower = less leverage
0.75×
0.41×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQR
EQR
FSS
FSS
Q4 25
$55.9M
$63.7M
Q3 25
$93.1M
$54.4M
Q2 25
$31.3M
$64.7M
Q1 25
$39.8M
$57.5M
Q4 24
$62.3M
$91.1M
Q3 24
$28.6M
$73.7M
Q2 24
$38.3M
$48.6M
Q1 24
$44.5M
$48.9M
Total Debt
EQR
EQR
FSS
FSS
Q4 25
$8.2B
$564.6M
Q3 25
$201.2M
Q2 25
$258.3M
Q1 25
$266.9M
Q4 24
$8.2B
$204.4M
Q3 24
$223.3M
Q2 24
$248.8M
Q1 24
$266.8M
Stockholders' Equity
EQR
EQR
FSS
FSS
Q4 25
$11.0B
$1.4B
Q3 25
$11.1B
$1.3B
Q2 25
$11.0B
$1.3B
Q1 25
$11.0B
$1.2B
Q4 24
$11.0B
$1.2B
Q3 24
$10.9B
$1.1B
Q2 24
$11.0B
$1.1B
Q1 24
$11.1B
$1.0B
Total Assets
EQR
EQR
FSS
FSS
Q4 25
$20.7B
$2.4B
Q3 25
$21.1B
$1.9B
Q2 25
$21.0B
$1.9B
Q1 25
$20.6B
$1.9B
Q4 24
$20.8B
$1.8B
Q3 24
$20.9B
$1.7B
Q2 24
$19.8B
$1.7B
Q1 24
$19.9B
$1.7B
Debt / Equity
EQR
EQR
FSS
FSS
Q4 25
0.75×
0.41×
Q3 25
0.15×
Q2 25
0.20×
Q1 25
0.22×
Q4 24
0.74×
0.17×
Q3 24
0.19×
Q2 24
0.23×
Q1 24
0.26×

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
FSS
FSS
Operating Cash FlowLast quarter
$387.0M
$97.2M
Free Cash FlowOCF − Capex
$89.5M
FCF MarginFCF / Revenue
15.0%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
1.01×
1.60×
TTM Free Cash FlowTrailing 4 quarters
$227.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQR
EQR
FSS
FSS
Q4 25
$387.0M
$97.2M
Q3 25
$476.7M
$61.1M
Q2 25
$359.5M
$59.7M
Q1 25
$425.5M
$36.7M
Q4 24
$354.2M
$90.6M
Q3 24
$401.4M
$68.8M
Q2 24
$396.9M
$40.6M
Q1 24
$421.0M
$31.3M
Free Cash Flow
EQR
EQR
FSS
FSS
Q4 25
$89.5M
Q3 25
$54.1M
Q2 25
$52.4M
Q1 25
$31.1M
Q4 24
$82.1M
Q3 24
$60.9M
Q2 24
$24.8M
Q1 24
$22.9M
FCF Margin
EQR
EQR
FSS
FSS
Q4 25
15.0%
Q3 25
9.7%
Q2 25
9.3%
Q1 25
6.7%
Q4 24
17.4%
Q3 24
12.8%
Q2 24
5.1%
Q1 24
5.4%
Capex Intensity
EQR
EQR
FSS
FSS
Q4 25
1.3%
Q3 25
1.3%
Q2 25
1.3%
Q1 25
1.2%
Q4 24
1.8%
Q3 24
1.7%
Q2 24
3.2%
Q1 24
2.0%
Cash Conversion
EQR
EQR
FSS
FSS
Q4 25
1.01×
1.60×
Q3 25
1.65×
0.90×
Q2 25
1.87×
0.84×
Q1 25
1.66×
0.79×
Q4 24
0.85×
1.81×
Q3 24
2.80×
1.28×
Q2 24
2.24×
0.67×
Q1 24
1.42×
0.61×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EQR
EQR

Segment breakdown not available.

FSS
FSS

Vehiclesandequipment$403.4M68%
Parts$66.8M11%
Publicsafetyandsecurityequipment$62.2M10%
Rentalincome$19.0M3%
Industrialsignalingequipment$18.2M3%
Other$14.9M2%
Warningsystems$12.6M2%

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