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

Equity Residential is the larger business by last-quarter revenue ($781.9M vs $592.6M, roughly 1.3× KENNAMETAL INC). Equity Residential runs the higher net margin — 48.9% vs 10.3%, a 38.6% gap on every dollar of revenue. On growth, KENNAMETAL INC posted the faster year-over-year revenue change (21.8% vs 2.0%). Over the past eight quarters, KENNAMETAL INC's revenue compounded faster (4.4% CAGR vs 3.4%).

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

Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.

EQR vs KMT — Head-to-Head

Bigger by revenue
EQR
EQR
1.3× larger
EQR
$781.9M
$592.6M
KMT
Growing faster (revenue YoY)
KMT
KMT
+19.9% gap
KMT
21.8%
2.0%
EQR
Higher net margin
EQR
EQR
38.6% more per $
EQR
48.9%
10.3%
KMT
Faster 2-yr revenue CAGR
KMT
KMT
Annualised
KMT
4.4%
3.4%
EQR

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
EQR
EQR
KMT
KMT
Revenue
$781.9M
$592.6M
Net Profit
$382.1M
$61.1M
Gross Margin
35.1%
Operating Margin
50.6%
13.4%
Net Margin
48.9%
10.3%
Revenue YoY
2.0%
21.8%
Net Profit YoY
-8.8%
85.0%
EPS (diluted)
$1.01
$0.75

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
KMT
KMT
Q1 26
$592.6M
Q4 25
$781.9M
$529.5M
Q3 25
$782.4M
$498.0M
Q2 25
$768.8M
$516.4M
Q1 25
$760.8M
$486.4M
Q4 24
$766.8M
$482.1M
Q3 24
$748.3M
$481.9M
Q2 24
$734.2M
$543.3M
Net Profit
EQR
EQR
KMT
KMT
Q1 26
$61.1M
Q4 25
$382.1M
$33.9M
Q3 25
$289.1M
$23.3M
Q2 25
$192.4M
$21.6M
Q1 25
$256.6M
$31.5M
Q4 24
$419.1M
$17.9M
Q3 24
$143.4M
$22.1M
Q2 24
$177.5M
$37.2M
Gross Margin
EQR
EQR
KMT
KMT
Q1 26
35.1%
Q4 25
32.8%
Q3 25
31.0%
Q2 25
28.2%
Q1 25
32.1%
Q4 24
30.1%
Q3 24
31.3%
Q2 24
31.5%
Operating Margin
EQR
EQR
KMT
KMT
Q1 26
13.4%
Q4 25
50.6%
9.9%
Q3 25
38.5%
7.5%
Q2 25
26.6%
6.1%
Q1 25
35.7%
9.1%
Q4 24
57.2%
6.6%
Q3 24
20.1%
7.5%
Q2 24
25.3%
11.3%
Net Margin
EQR
EQR
KMT
KMT
Q1 26
10.3%
Q4 25
48.9%
6.4%
Q3 25
36.9%
4.7%
Q2 25
25.0%
4.2%
Q1 25
33.7%
6.5%
Q4 24
54.7%
3.7%
Q3 24
19.2%
4.6%
Q2 24
24.2%
6.8%
EPS (diluted)
EQR
EQR
KMT
KMT
Q1 26
$0.75
Q4 25
$1.01
$0.44
Q3 25
$0.76
$0.30
Q2 25
$0.50
$0.28
Q1 25
$0.67
$0.41
Q4 24
$1.10
$0.23
Q3 24
$0.38
$0.28
Q2 24
$0.47
$0.47

Balance Sheet & Financial Strength

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

Metric
EQR
EQR
KMT
KMT
Cash + ST InvestmentsLiquidity on hand
$55.9M
$106.8M
Total DebtLower is stronger
$8.2B
$597.4M
Stockholders' EquityBook value
$11.0B
Total Assets
$20.7B
$2.7B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQR
EQR
KMT
KMT
Q1 26
$106.8M
Q4 25
$55.9M
$129.3M
Q3 25
$93.1M
$103.5M
Q2 25
$31.3M
$140.5M
Q1 25
$39.8M
$97.5M
Q4 24
$62.3M
$121.2M
Q3 24
$28.6M
$119.6M
Q2 24
$38.3M
$128.0M
Total Debt
EQR
EQR
KMT
KMT
Q1 26
$597.4M
Q4 25
$8.2B
$597.2M
Q3 25
$597.0M
Q2 25
$596.8M
Q1 25
$596.6M
Q4 24
$8.2B
$596.4M
Q3 24
$596.2M
Q2 24
$596.0M
Stockholders' Equity
EQR
EQR
KMT
KMT
Q1 26
Q4 25
$11.0B
$1.3B
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
$1.3B
Q2 24
$11.0B
$1.2B
Total Assets
EQR
EQR
KMT
KMT
Q1 26
$2.7B
Q4 25
$20.7B
$2.6B
Q3 25
$21.1B
$2.5B
Q2 25
$21.0B
$2.5B
Q1 25
$20.6B
$2.5B
Q4 24
$20.8B
$2.4B
Q3 24
$20.9B
$2.5B
Q2 24
$19.8B
$2.5B
Debt / Equity
EQR
EQR
KMT
KMT
Q1 26
Q4 25
0.75×
0.45×
Q3 25
0.46×
Q2 25
0.46×
Q1 25
0.48×
Q4 24
0.74×
0.49×
Q3 24
0.47×
Q2 24
0.48×

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
KMT
KMT
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
KMT
KMT
Q1 26
Q4 25
$387.0M
$55.1M
Q3 25
$476.7M
$17.5M
Q2 25
$359.5M
$78.6M
Q1 25
$425.5M
$28.8M
Q4 24
$354.2M
$55.2M
Q3 24
$401.4M
$45.7M
Q2 24
$396.9M
$113.6M
Free Cash Flow
EQR
EQR
KMT
KMT
Q1 26
Q4 25
$42.4M
Q3 25
$-5.5M
Q2 25
$57.1M
Q1 25
$5.3M
Q4 24
$35.9M
Q3 24
$21.0M
Q2 24
$90.3M
FCF Margin
EQR
EQR
KMT
KMT
Q1 26
Q4 25
8.0%
Q3 25
-1.1%
Q2 25
11.1%
Q1 25
1.1%
Q4 24
7.5%
Q3 24
4.4%
Q2 24
16.6%
Capex Intensity
EQR
EQR
KMT
KMT
Q1 26
Q4 25
2.4%
Q3 25
4.6%
Q2 25
4.2%
Q1 25
4.8%
Q4 24
4.0%
Q3 24
5.1%
Q2 24
4.3%
Cash Conversion
EQR
EQR
KMT
KMT
Q1 26
Q4 25
1.01×
1.63×
Q3 25
1.65×
0.75×
Q2 25
1.87×
3.64×
Q1 25
1.66×
0.92×
Q4 24
0.85×
3.08×
Q3 24
2.80×
2.07×
Q2 24
2.24×
3.06×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EQR
EQR

Segment breakdown not available.

KMT
KMT

Americas$298.3M50%
EMEA$174.0M29%
Asia Pacific$120.3M20%

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