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Side-by-side financial comparison of Equity Residential (EQR) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $781.9M, roughly 1.8× Equity Residential). Equity Residential runs the higher net margin — 48.9% vs -7.3%, a 56.1% gap on every dollar of revenue. On growth, Lineage, Inc. posted the faster year-over-year revenue change (3.1% vs 2.0%).
Equity Residential is a United States–based publicly traded real estate investment trust that invests in apartments.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
EQR vs LINE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $781.9M | $1.4B |
| Net Profit | $382.1M | $-100.0M |
| Gross Margin | — | 32.3% |
| Operating Margin | 50.6% | 2.5% |
| Net Margin | 48.9% | -7.3% |
| Revenue YoY | 2.0% | 3.1% |
| Net Profit YoY | -8.8% | 79.4% |
| EPS (diluted) | $1.01 | $-0.44 |
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 | — | ||
| Q3 25 | $782.4M | $1.4B | ||
| Q2 25 | $768.8M | $1.4B | ||
| Q1 25 | $760.8M | $1.3B | ||
| Q4 24 | $766.8M | $1.3B | ||
| Q3 24 | $748.3M | $1.3B | ||
| Q2 24 | $734.2M | $1.3B | ||
| Q1 24 | $730.8M | $1.3B |
| Q4 25 | $382.1M | — | ||
| Q3 25 | $289.1M | $-100.0M | ||
| Q2 25 | $192.4M | $-6.0M | ||
| Q1 25 | $256.6M | $0 | ||
| Q4 24 | $419.1M | $-71.0M | ||
| Q3 24 | $143.4M | $-485.0M | ||
| Q2 24 | $177.5M | $-68.0M | ||
| Q1 24 | $295.8M | $-40.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 32.3% | ||
| Q2 25 | — | 31.9% | ||
| Q1 25 | — | 32.2% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 32.8% | ||
| Q2 24 | — | 33.4% | ||
| Q1 24 | — | 33.4% |
| Q4 25 | 50.6% | — | ||
| Q3 25 | 38.5% | 2.5% | ||
| Q2 25 | 26.6% | 1.7% | ||
| Q1 25 | 35.7% | 4.3% | ||
| Q4 24 | 57.2% | -1.6% | ||
| Q3 24 | 20.1% | -38.6% | ||
| Q2 24 | 25.3% | 5.5% | ||
| Q1 24 | 42.0% | 7.6% |
| Q4 25 | 48.9% | — | ||
| Q3 25 | 36.9% | -7.3% | ||
| Q2 25 | 25.0% | -0.4% | ||
| Q1 25 | 33.7% | — | ||
| Q4 24 | 54.7% | -5.3% | ||
| Q3 24 | 19.2% | -36.3% | ||
| Q2 24 | 24.2% | -5.1% | ||
| Q1 24 | 40.5% | -3.0% |
| Q4 25 | $1.01 | — | ||
| Q3 25 | $0.76 | $-0.44 | ||
| Q2 25 | $0.50 | $-0.03 | ||
| Q1 25 | $0.67 | $0.01 | ||
| Q4 24 | $1.10 | $-0.52 | ||
| Q3 24 | $0.38 | $-2.44 | ||
| Q2 24 | $0.47 | $-0.46 | ||
| Q1 24 | $0.77 | $-0.28 |
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 | — |
| Total DebtLower is stronger | $8.2B | — |
| Stockholders' EquityBook value | $11.0B | $8.4B |
| Total Assets | $20.7B | $19.2B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.9M | — | ||
| Q3 25 | $93.1M | — | ||
| Q2 25 | $31.3M | — | ||
| Q1 25 | $39.8M | — | ||
| Q4 24 | $62.3M | $173.0M | ||
| Q3 24 | $28.6M | $409.0M | ||
| Q2 24 | $38.3M | $73.0M | ||
| Q1 24 | $44.5M | — |
| Q4 25 | $8.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $11.0B | — | ||
| Q3 25 | $11.1B | $8.4B | ||
| Q2 25 | $11.0B | $8.6B | ||
| Q1 25 | $11.0B | $8.6B | ||
| Q4 24 | $11.0B | $8.6B | ||
| Q3 24 | $10.9B | $9.0B | ||
| Q2 24 | $11.0B | $4.9B | ||
| Q1 24 | $11.1B | $5.6B |
| Q4 25 | $20.7B | — | ||
| Q3 25 | $21.1B | $19.2B | ||
| Q2 25 | $21.0B | $19.4B | ||
| Q1 25 | $20.6B | $18.8B | ||
| Q4 24 | $20.8B | $18.7B | ||
| Q3 24 | $20.9B | $19.3B | ||
| Q2 24 | $19.8B | $18.8B | ||
| Q1 24 | $19.9B | — |
| 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 | $230.0M |
| Free Cash FlowOCF − Capex | — | $35.0M |
| FCF MarginFCF / Revenue | — | 2.5% |
| Capex IntensityCapex / Revenue | — | 14.2% |
| Cash ConversionOCF / Net Profit | 1.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $387.0M | — | ||
| Q3 25 | $476.7M | $230.0M | ||
| Q2 25 | $359.5M | $258.0M | ||
| Q1 25 | $425.5M | $139.0M | ||
| Q4 24 | $354.2M | — | ||
| Q3 24 | $401.4M | $186.0M | ||
| Q2 24 | $396.9M | $155.0M | ||
| Q1 24 | $421.0M | $105.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | — | $95.0M | ||
| Q1 25 | — | $-12.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $33.0M | ||
| Q2 24 | — | $-31.0M | ||
| Q1 24 | — | $-42.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | -2.3% | ||
| Q1 24 | — | -3.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | — | 12.1% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | 13.9% | ||
| Q1 24 | — | 11.1% |
| 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
Segment breakdown not available.
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
