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Side-by-side financial comparison of Equity Residential (EQR) and Lucid Group, Inc. (LCID). Click either name above to swap in a different company.

Equity Residential is the larger business by last-quarter revenue ($781.9M vs $522.7M, roughly 1.5× Lucid Group, Inc.). Equity Residential runs the higher net margin — 48.9% vs -155.7%, a 204.6% gap on every dollar of revenue. On growth, Lucid Group, Inc. posted the faster year-over-year revenue change (122.9% vs 2.0%). Over the past eight quarters, Lucid Group, Inc.'s revenue compounded faster (74.0% CAGR vs 3.4%).

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

Lucid Group, Inc., is an American automotive and technology company that manufactures electric vehicles and supplies advanced electric vehicle powertrain systems. The company is headquartered in Newark, California. In September 2021, the company began producing the Lucid Air sedan at its factory in Casa Grande, Arizona. Production of its second model, the Lucid Gravity SUV, started in December 2024. Lucid also supplies and develops powertrain technology to other automakers, including Aston Ma...

EQR vs LCID — Head-to-Head

Bigger by revenue
EQR
EQR
1.5× larger
EQR
$781.9M
$522.7M
LCID
Growing faster (revenue YoY)
LCID
LCID
+121.0% gap
LCID
122.9%
2.0%
EQR
Higher net margin
EQR
EQR
204.6% more per $
EQR
48.9%
-155.7%
LCID
Faster 2-yr revenue CAGR
LCID
LCID
Annualised
LCID
74.0%
3.4%
EQR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EQR
EQR
LCID
LCID
Revenue
$781.9M
$522.7M
Net Profit
$382.1M
$-814.0M
Gross Margin
-80.7%
Operating Margin
50.6%
-203.7%
Net Margin
48.9%
-155.7%
Revenue YoY
2.0%
122.9%
Net Profit YoY
-8.8%
-104.9%
EPS (diluted)
$1.01
$-8.26

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
LCID
LCID
Q4 25
$781.9M
$522.7M
Q3 25
$782.4M
$336.6M
Q2 25
$768.8M
$259.4M
Q1 25
$760.8M
$235.0M
Q4 24
$766.8M
$234.5M
Q3 24
$748.3M
$200.0M
Q2 24
$734.2M
$200.6M
Q1 24
$730.8M
$172.7M
Net Profit
EQR
EQR
LCID
LCID
Q4 25
$382.1M
$-814.0M
Q3 25
$289.1M
$-978.4M
Q2 25
$192.4M
$-539.4M
Q1 25
$256.6M
$-366.2M
Q4 24
$419.1M
$-397.2M
Q3 24
$143.4M
$-992.5M
Q2 24
$177.5M
$-643.4M
Q1 24
$295.8M
$-680.9M
Gross Margin
EQR
EQR
LCID
LCID
Q4 25
-80.7%
Q3 25
-99.1%
Q2 25
-105.0%
Q1 25
-97.2%
Q4 24
-89.0%
Q3 24
-106.2%
Q2 24
-134.5%
Q1 24
-134.3%
Operating Margin
EQR
EQR
LCID
LCID
Q4 25
50.6%
-203.7%
Q3 25
38.5%
-279.9%
Q2 25
26.6%
-309.5%
Q1 25
35.7%
-294.4%
Q4 24
57.2%
-312.6%
Q3 24
20.1%
-385.2%
Q2 24
25.3%
-392.6%
Q1 24
42.0%
-422.6%
Net Margin
EQR
EQR
LCID
LCID
Q4 25
48.9%
-155.7%
Q3 25
36.9%
-290.7%
Q2 25
25.0%
-207.9%
Q1 25
33.7%
-155.8%
Q4 24
54.7%
-169.4%
Q3 24
19.2%
-496.1%
Q2 24
24.2%
-320.8%
Q1 24
40.5%
-394.2%
EPS (diluted)
EQR
EQR
LCID
LCID
Q4 25
$1.01
$-8.26
Q3 25
$0.76
$-3.31
Q2 25
$0.50
$-0.28
Q1 25
$0.67
$-0.24
Q4 24
$1.10
$-0.20
Q3 24
$0.38
$-0.41
Q2 24
$0.47
$-0.34
Q1 24
$0.77
$-0.30

Balance Sheet & Financial Strength

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

Metric
EQR
EQR
LCID
LCID
Cash + ST InvestmentsLiquidity on hand
$55.9M
$1.6B
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$11.0B
$717.3M
Total Assets
$20.7B
$8.4B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQR
EQR
LCID
LCID
Q4 25
$55.9M
$1.6B
Q3 25
$93.1M
$2.3B
Q2 25
$31.3M
$2.8B
Q1 25
$39.8M
$3.6B
Q4 24
$62.3M
$4.0B
Q3 24
$28.6M
$3.5B
Q2 24
$38.3M
$3.2B
Q1 24
$44.5M
$4.0B
Total Debt
EQR
EQR
LCID
LCID
Q4 25
$8.2B
Q3 25
Q2 25
Q1 25
Q4 24
$8.2B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EQR
EQR
LCID
LCID
Q4 25
$11.0B
$717.3M
Q3 25
$11.1B
$1.8B
Q2 25
$11.0B
$2.4B
Q1 25
$11.0B
$3.2B
Q4 24
$11.0B
$3.9B
Q3 24
$10.9B
$2.7B
Q2 24
$11.0B
$3.5B
Q1 24
$11.1B
$4.2B
Total Assets
EQR
EQR
LCID
LCID
Q4 25
$20.7B
$8.4B
Q3 25
$21.1B
$8.8B
Q2 25
$21.0B
$8.9B
Q1 25
$20.6B
$9.2B
Q4 24
$20.8B
$9.6B
Q3 24
$20.9B
$8.5B
Q2 24
$19.8B
$8.2B
Q1 24
$19.9B
$8.9B
Debt / Equity
EQR
EQR
LCID
LCID
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
LCID
LCID
Operating Cash FlowLast quarter
$387.0M
$-916.4M
Free Cash FlowOCF − Capex
$-1.2B
FCF MarginFCF / Revenue
-237.6%
Capex IntensityCapex / Revenue
62.3%
Cash ConversionOCF / Net Profit
1.01×
TTM Free Cash FlowTrailing 4 quarters
$-3.8B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQR
EQR
LCID
LCID
Q4 25
$387.0M
$-916.4M
Q3 25
$476.7M
$-756.6M
Q2 25
$359.5M
$-830.2M
Q1 25
$425.5M
$-428.6M
Q4 24
$354.2M
$-533.1M
Q3 24
$401.4M
$-462.8M
Q2 24
$396.9M
$-507.0M
Q1 24
$421.0M
$-516.7M
Free Cash Flow
EQR
EQR
LCID
LCID
Q4 25
$-1.2B
Q3 25
$-955.5M
Q2 25
$-1.0B
Q1 25
$-589.9M
Q4 24
$-824.8M
Q3 24
$-622.5M
Q2 24
$-741.3M
Q1 24
$-714.9M
FCF Margin
EQR
EQR
LCID
LCID
Q4 25
-237.6%
Q3 25
-283.9%
Q2 25
-390.4%
Q1 25
-251.0%
Q4 24
-351.8%
Q3 24
-311.2%
Q2 24
-369.6%
Q1 24
-413.9%
Capex Intensity
EQR
EQR
LCID
LCID
Q4 25
62.3%
Q3 25
59.1%
Q2 25
70.4%
Q1 25
68.6%
Q4 24
124.4%
Q3 24
79.8%
Q2 24
116.8%
Q1 24
114.7%
Cash Conversion
EQR
EQR
LCID
LCID
Q4 25
1.01×
Q3 25
1.65×
Q2 25
1.87×
Q1 25
1.66×
Q4 24
0.85×
Q3 24
2.80×
Q2 24
2.24×
Q1 24
1.42×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EQR
EQR

Segment breakdown not available.

LCID
LCID

LCNRV$287.2M55%
Other$80.4M15%
Related Party$74.4M14%
Regulatory Credits$34.2M7%
Warranty Provision$26.2M5%
Sale And Leaseback Transactions$15.2M3%
Other International$5.0M1%

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