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Side-by-side financial comparison of Equity Residential (EQR) and Graham Holdings Co (GHC). Click either name above to swap in a different company.
Graham Holdings Co is the larger business by last-quarter revenue ($1.3B vs $781.9M, roughly 1.6× Equity Residential). Equity Residential runs the higher net margin — 48.9% vs 8.7%, a 40.2% gap on every dollar of revenue. On growth, Equity Residential posted the faster year-over-year revenue change (2.0% vs 0.4%). Over the past eight quarters, Graham Holdings Co's revenue compounded faster (4.2% CAGR vs 3.4%).
Equity Residential is a United States–based publicly traded real estate investment trust that invests in apartments.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
EQR vs GHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $781.9M | $1.3B |
| Net Profit | $382.1M | $108.7M |
| Gross Margin | — | — |
| Operating Margin | 50.6% | 3.8% |
| Net Margin | 48.9% | 8.7% |
| Revenue YoY | 2.0% | 0.4% |
| Net Profit YoY | -8.8% | -80.2% |
| EPS (diluted) | $1.01 | $24.76 |
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 | $1.3B | ||
| Q2 25 | $768.8M | $1.2B | ||
| Q1 25 | $760.8M | $1.2B | ||
| Q4 24 | $766.8M | $1.2B | ||
| Q3 24 | $748.3M | $1.2B | ||
| Q2 24 | $734.2M | $1.2B | ||
| Q1 24 | $730.8M | $1.2B |
| Q4 25 | $382.1M | $108.7M | ||
| Q3 25 | $289.1M | $122.9M | ||
| Q2 25 | $192.4M | $36.7M | ||
| Q1 25 | $256.6M | $23.9M | ||
| Q4 24 | $419.1M | $548.8M | ||
| Q3 24 | $143.4M | $72.5M | ||
| Q2 24 | $177.5M | $-21.0M | ||
| Q1 24 | $295.8M | $124.4M |
| Q4 25 | 50.6% | 3.8% | ||
| Q3 25 | 38.5% | 5.2% | ||
| Q2 25 | 26.6% | 6.0% | ||
| Q1 25 | 35.7% | 4.1% | ||
| Q4 24 | 57.2% | 5.8% | ||
| Q3 24 | 20.1% | 6.8% | ||
| Q2 24 | 25.3% | 2.2% | ||
| Q1 24 | 42.0% | 3.1% |
| Q4 25 | 48.9% | 8.7% | ||
| Q3 25 | 36.9% | 9.6% | ||
| Q2 25 | 25.0% | 3.0% | ||
| Q1 25 | 33.7% | 2.0% | ||
| Q4 24 | 54.7% | 44.1% | ||
| Q3 24 | 19.2% | 6.0% | ||
| Q2 24 | 24.2% | -1.8% | ||
| Q1 24 | 40.5% | 10.8% |
| Q4 25 | $1.01 | $24.76 | ||
| Q3 25 | $0.76 | $27.91 | ||
| Q2 25 | $0.50 | $8.35 | ||
| Q1 25 | $0.67 | $5.45 | ||
| Q4 24 | $1.10 | $124.05 | ||
| Q3 24 | $0.38 | $16.42 | ||
| Q2 24 | $0.47 | $-4.79 | ||
| Q1 24 | $0.77 | $27.72 |
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 | $267.0M |
| Total DebtLower is stronger | $8.2B | — |
| Stockholders' EquityBook value | $11.0B | $4.8B |
| Total Assets | $20.7B | $8.4B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.9M | $267.0M | ||
| Q3 25 | $93.1M | $190.8M | ||
| Q2 25 | $31.3M | $176.2M | ||
| Q1 25 | $39.8M | $156.7M | ||
| Q4 24 | $62.3M | $260.9M | ||
| Q3 24 | $28.6M | $244.4M | ||
| Q2 24 | $38.3M | $140.7M | ||
| Q1 24 | $44.5M | $130.9M |
| Q4 25 | $8.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $11.0B | $4.8B | ||
| Q3 25 | $11.1B | $4.5B | ||
| Q2 25 | $11.0B | $4.4B | ||
| Q1 25 | $11.0B | $4.3B | ||
| Q4 24 | $11.0B | $4.3B | ||
| Q3 24 | $10.9B | $4.0B | ||
| Q2 24 | $11.0B | $4.0B | ||
| Q1 24 | $11.1B | $4.0B |
| Q4 25 | $20.7B | $8.4B | ||
| Q3 25 | $21.1B | $7.9B | ||
| Q2 25 | $21.0B | $7.6B | ||
| Q1 25 | $20.6B | $7.6B | ||
| Q4 24 | $20.8B | $7.7B | ||
| Q3 24 | $20.9B | $7.4B | ||
| Q2 24 | $19.8B | $7.2B | ||
| Q1 24 | $19.9B | $7.3B |
| 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 | $28.3M |
| Free Cash FlowOCF − Capex | — | $5.0M |
| FCF MarginFCF / Revenue | — | 0.4% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | 1.01× | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | $275.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $387.0M | $28.3M | ||
| Q3 25 | $476.7M | $178.1M | ||
| Q2 25 | $359.5M | $94.8M | ||
| Q1 25 | $425.5M | $46.0M | ||
| Q4 24 | $354.2M | $116.3M | ||
| Q3 24 | $401.4M | $237.6M | ||
| Q2 24 | $396.9M | $52.0M | ||
| Q1 24 | $421.0M | $1.1M |
| Q4 25 | — | $5.0M | ||
| Q3 25 | — | $161.8M | ||
| Q2 25 | — | $78.0M | ||
| Q1 25 | — | $30.5M | ||
| Q4 24 | — | $91.1M | ||
| Q3 24 | — | $219.4M | ||
| Q2 24 | — | $33.7M | ||
| Q1 24 | — | $-20.2M |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 12.6% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 18.2% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | -1.8% |
| Q4 25 | — | 1.9% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | 1.01× | 0.26× | ||
| Q3 25 | 1.65× | 1.45× | ||
| Q2 25 | 1.87× | 2.58× | ||
| Q1 25 | 1.66× | 1.93× | ||
| Q4 24 | 0.85× | 0.21× | ||
| Q3 24 | 2.80× | 3.28× | ||
| Q2 24 | 2.24× | — | ||
| Q1 24 | 1.42× | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EQR
Segment breakdown not available.
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
