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

Globe Life is the larger business by last-quarter revenue ($1.6B vs $781.9M, roughly 2.0× Equity Residential). Equity Residential runs the higher net margin — 48.9% vs 17.3%, a 31.5% gap on every dollar of revenue. On growth, Globe Life posted the faster year-over-year revenue change (5.3% vs 2.0%). Over the past eight quarters, Globe Life's revenue compounded faster (4.1% CAGR vs 3.4%).

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

Globe Life Inc. (GL) is an American financial services holding company listed on the New York Stock Exchange which operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. The company is based in McKinney, Texas.

EQR vs GL — Head-to-Head

Bigger by revenue
GL
GL
2.0× larger
GL
$1.6B
$781.9M
EQR
Growing faster (revenue YoY)
GL
GL
+3.4% gap
GL
5.3%
2.0%
EQR
Higher net margin
EQR
EQR
31.5% more per $
EQR
48.9%
17.3%
GL
Faster 2-yr revenue CAGR
GL
GL
Annualised
GL
4.1%
3.4%
EQR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
EQR
EQR
GL
GL
Revenue
$781.9M
$1.6B
Net Profit
$382.1M
$270.5M
Gross Margin
Operating Margin
50.6%
Net Margin
48.9%
17.3%
Revenue YoY
2.0%
5.3%
Net Profit YoY
-8.8%
6.3%
EPS (diluted)
$1.01
$3.39

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
GL
GL
Q1 26
$1.6B
Q4 25
$781.9M
$1.5B
Q3 25
$782.4M
$1.5B
Q2 25
$768.8M
$1.5B
Q1 25
$760.8M
$1.5B
Q4 24
$766.8M
$1.5B
Q3 24
$748.3M
$1.5B
Q2 24
$734.2M
$1.4B
Net Profit
EQR
EQR
GL
GL
Q1 26
$270.5M
Q4 25
$382.1M
$266.1M
Q3 25
$289.1M
$387.8M
Q2 25
$192.4M
$252.7M
Q1 25
$256.6M
$254.6M
Q4 24
$419.1M
$255.2M
Q3 24
$143.4M
$303.0M
Q2 24
$177.5M
$258.4M
Gross Margin
EQR
EQR
GL
GL
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
26.1%
Q2 24
23.3%
Operating Margin
EQR
EQR
GL
GL
Q1 26
Q4 25
50.6%
21.7%
Q3 25
38.5%
31.5%
Q2 25
26.6%
21.2%
Q1 25
35.7%
21.4%
Q4 24
57.2%
21.3%
Q3 24
20.1%
26.3%
Q2 24
25.3%
23.5%
Net Margin
EQR
EQR
GL
GL
Q1 26
17.3%
Q4 25
48.9%
17.5%
Q3 25
36.9%
25.6%
Q2 25
25.0%
17.1%
Q1 25
33.7%
17.2%
Q4 24
54.7%
17.4%
Q3 24
19.2%
20.8%
Q2 24
24.2%
17.9%
EPS (diluted)
EQR
EQR
GL
GL
Q1 26
$3.39
Q4 25
$1.01
$3.28
Q3 25
$0.76
$4.73
Q2 25
$0.50
$3.05
Q1 25
$0.67
$3.01
Q4 24
$1.10
$3.00
Q3 24
$0.38
$3.44
Q2 24
$0.47
$2.83

Balance Sheet & Financial Strength

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

Metric
EQR
EQR
GL
GL
Cash + ST InvestmentsLiquidity on hand
$55.9M
$183.8M
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$11.0B
$6.1B
Total Assets
$20.7B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQR
EQR
GL
GL
Q1 26
$183.8M
Q4 25
$55.9M
$314.7M
Q3 25
$93.1M
$62.8M
Q2 25
$31.3M
$116.7M
Q1 25
$39.8M
$134.1M
Q4 24
$62.3M
$85.0M
Q3 24
$28.6M
$100.5M
Q2 24
$38.3M
$100.6M
Total Debt
EQR
EQR
GL
GL
Q1 26
Q4 25
$8.2B
Q3 25
Q2 25
Q1 25
Q4 24
$8.2B
Q3 24
Q2 24
Stockholders' Equity
EQR
EQR
GL
GL
Q1 26
$6.1B
Q4 25
$11.0B
$6.0B
Q3 25
$11.1B
$5.7B
Q2 25
$11.0B
$5.4B
Q1 25
$11.0B
$5.4B
Q4 24
$11.0B
$5.3B
Q3 24
$10.9B
$4.6B
Q2 24
$11.0B
$5.2B
Total Assets
EQR
EQR
GL
GL
Q1 26
Q4 25
$20.7B
$30.8B
Q3 25
$21.1B
$30.5B
Q2 25
$21.0B
$29.8B
Q1 25
$20.6B
$29.7B
Q4 24
$20.8B
$29.1B
Q3 24
$20.9B
$29.6B
Q2 24
$19.8B
$28.3B
Debt / Equity
EQR
EQR
GL
GL
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
GL
GL
Operating Cash FlowLast quarter
$387.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.01×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQR
EQR
GL
GL
Q1 26
Q4 25
$387.0M
$350.6M
Q3 25
$476.7M
$306.0M
Q2 25
$359.5M
$307.9M
Q1 25
$425.5M
$431.9M
Q4 24
$354.2M
$336.9M
Q3 24
$401.4M
$340.6M
Q2 24
$396.9M
$374.1M
Free Cash Flow
EQR
EQR
GL
GL
Q1 26
Q4 25
$330.1M
Q3 25
$208.7M
Q2 25
$295.0M
Q1 25
$420.1M
Q4 24
$321.9M
Q3 24
$311.3M
Q2 24
$356.5M
FCF Margin
EQR
EQR
GL
GL
Q1 26
Q4 25
21.7%
Q3 25
13.8%
Q2 25
19.9%
Q1 25
28.4%
Q4 24
22.0%
Q3 24
21.4%
Q2 24
24.8%
Capex Intensity
EQR
EQR
GL
GL
Q1 26
Q4 25
1.3%
Q3 25
6.4%
Q2 25
0.9%
Q1 25
0.8%
Q4 24
1.0%
Q3 24
2.0%
Q2 24
1.2%
Cash Conversion
EQR
EQR
GL
GL
Q1 26
Q4 25
1.01×
1.32×
Q3 25
1.65×
0.79×
Q2 25
1.87×
1.22×
Q1 25
1.66×
1.70×
Q4 24
0.85×
1.32×
Q3 24
2.80×
1.12×
Q2 24
2.24×
1.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EQR
EQR

Segment breakdown not available.

GL
GL

Life premium$853.2M55%
Health premium$416.9M27%
Other$289.5M19%

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