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

Matson, Inc. is the larger business by last-quarter revenue ($851.9M vs $781.9M, roughly 1.1× Equity Residential). Equity Residential runs the higher net margin — 48.9% vs 16.8%, a 32.1% gap on every dollar of revenue. On growth, Equity Residential posted the faster year-over-year revenue change (2.0% vs -4.3%). Over the past eight quarters, Matson, Inc.'s revenue compounded faster (8.6% CAGR vs 3.4%).

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

Matson, Inc., is an American shipping and navigation services company headquartered in Honolulu, Hawaii. Founded in 1882, Matson, Inc.'s subsidiary Matson Navigation Company provides ocean shipping services across the Pacific to Hawaii, Alaska, Guam, Micronesia, the Pacific islands, China, and Japan.

EQR vs MATX — Head-to-Head

Bigger by revenue
MATX
MATX
1.1× larger
MATX
$851.9M
$781.9M
EQR
Growing faster (revenue YoY)
EQR
EQR
+6.3% gap
EQR
2.0%
-4.3%
MATX
Higher net margin
EQR
EQR
32.1% more per $
EQR
48.9%
16.8%
MATX
Faster 2-yr revenue CAGR
MATX
MATX
Annualised
MATX
8.6%
3.4%
EQR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EQR
EQR
MATX
MATX
Revenue
$781.9M
$851.9M
Net Profit
$382.1M
$143.1M
Gross Margin
Operating Margin
50.6%
16.9%
Net Margin
48.9%
16.8%
Revenue YoY
2.0%
-4.3%
Net Profit YoY
-8.8%
11.8%
EPS (diluted)
$1.01
$4.47

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
MATX
MATX
Q4 25
$781.9M
$851.9M
Q3 25
$782.4M
$880.1M
Q2 25
$768.8M
$830.5M
Q1 25
$760.8M
$782.0M
Q4 24
$766.8M
$890.3M
Q3 24
$748.3M
$962.0M
Q2 24
$734.2M
$847.4M
Q1 24
$730.8M
$722.1M
Net Profit
EQR
EQR
MATX
MATX
Q4 25
$382.1M
$143.1M
Q3 25
$289.1M
$134.7M
Q2 25
$192.4M
$94.7M
Q1 25
$256.6M
$72.3M
Q4 24
$419.1M
$128.0M
Q3 24
$143.4M
$199.1M
Q2 24
$177.5M
$113.2M
Q1 24
$295.8M
$36.1M
Operating Margin
EQR
EQR
MATX
MATX
Q4 25
50.6%
16.9%
Q3 25
38.5%
18.3%
Q2 25
26.6%
13.6%
Q1 25
35.7%
10.5%
Q4 24
57.2%
16.6%
Q3 24
20.1%
25.2%
Q2 24
25.3%
14.7%
Q1 24
42.0%
5.1%
Net Margin
EQR
EQR
MATX
MATX
Q4 25
48.9%
16.8%
Q3 25
36.9%
15.3%
Q2 25
25.0%
11.4%
Q1 25
33.7%
9.2%
Q4 24
54.7%
14.4%
Q3 24
19.2%
20.7%
Q2 24
24.2%
13.4%
Q1 24
40.5%
5.0%
EPS (diluted)
EQR
EQR
MATX
MATX
Q4 25
$1.01
$4.47
Q3 25
$0.76
$4.24
Q2 25
$0.50
$2.92
Q1 25
$0.67
$2.18
Q4 24
$1.10
$3.69
Q3 24
$0.38
$5.89
Q2 24
$0.47
$3.31
Q1 24
$0.77
$1.04

Balance Sheet & Financial Strength

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

Metric
EQR
EQR
MATX
MATX
Cash + ST InvestmentsLiquidity on hand
$55.9M
$141.9M
Total DebtLower is stronger
$8.2B
$361.2M
Stockholders' EquityBook value
$11.0B
$2.8B
Total Assets
$20.7B
$4.6B
Debt / EquityLower = less leverage
0.75×
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQR
EQR
MATX
MATX
Q4 25
$55.9M
$141.9M
Q3 25
$93.1M
$92.7M
Q2 25
$31.3M
$59.1M
Q1 25
$39.8M
$122.0M
Q4 24
$62.3M
$266.8M
Q3 24
$28.6M
$270.3M
Q2 24
$38.3M
$168.2M
Q1 24
$44.5M
$25.9M
Total Debt
EQR
EQR
MATX
MATX
Q4 25
$8.2B
$361.2M
Q3 25
$370.9M
Q2 25
$341.3M
Q1 25
$351.1M
Q4 24
$8.2B
$361.2M
Q3 24
$370.9M
Q2 24
$381.0M
Q1 24
$390.8M
Stockholders' Equity
EQR
EQR
MATX
MATX
Q4 25
$11.0B
$2.8B
Q3 25
$11.1B
$2.7B
Q2 25
$11.0B
$2.6B
Q1 25
$11.0B
$2.6B
Q4 24
$11.0B
$2.7B
Q3 24
$10.9B
$2.6B
Q2 24
$11.0B
$2.4B
Q1 24
$11.1B
$2.4B
Total Assets
EQR
EQR
MATX
MATX
Q4 25
$20.7B
$4.6B
Q3 25
$21.1B
$4.6B
Q2 25
$21.0B
$4.5B
Q1 25
$20.6B
$4.5B
Q4 24
$20.8B
$4.6B
Q3 24
$20.9B
$4.4B
Q2 24
$19.8B
$4.3B
Q1 24
$19.9B
$4.2B
Debt / Equity
EQR
EQR
MATX
MATX
Q4 25
0.75×
0.13×
Q3 25
0.14×
Q2 25
0.13×
Q1 25
0.13×
Q4 24
0.74×
0.14×
Q3 24
0.15×
Q2 24
0.16×
Q1 24
0.16×

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
MATX
MATX
Operating Cash FlowLast quarter
$387.0M
$176.9M
Free Cash FlowOCF − Capex
$42.2M
FCF MarginFCF / Revenue
5.0%
Capex IntensityCapex / Revenue
15.8%
Cash ConversionOCF / Net Profit
1.01×
1.24×
TTM Free Cash FlowTrailing 4 quarters
$153.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQR
EQR
MATX
MATX
Q4 25
$387.0M
$176.9M
Q3 25
$476.7M
$175.6M
Q2 25
$359.5M
$105.6M
Q1 25
$425.5M
$89.0M
Q4 24
$354.2M
$174.7M
Q3 24
$401.4M
$248.6M
Q2 24
$396.9M
$307.9M
Q1 24
$421.0M
$36.6M
Free Cash Flow
EQR
EQR
MATX
MATX
Q4 25
$42.2M
Q3 25
$92.4M
Q2 25
$19.3M
Q1 25
$-200.0K
Q4 24
$49.3M
Q3 24
$189.0M
Q2 24
$238.1M
Q1 24
$-18.7M
FCF Margin
EQR
EQR
MATX
MATX
Q4 25
5.0%
Q3 25
10.5%
Q2 25
2.3%
Q1 25
-0.0%
Q4 24
5.5%
Q3 24
19.6%
Q2 24
28.1%
Q1 24
-2.6%
Capex Intensity
EQR
EQR
MATX
MATX
Q4 25
15.8%
Q3 25
9.5%
Q2 25
10.4%
Q1 25
11.4%
Q4 24
14.1%
Q3 24
6.2%
Q2 24
8.2%
Q1 24
7.7%
Cash Conversion
EQR
EQR
MATX
MATX
Q4 25
1.01×
1.24×
Q3 25
1.65×
1.30×
Q2 25
1.87×
1.12×
Q1 25
1.66×
1.23×
Q4 24
0.85×
1.36×
Q3 24
2.80×
1.25×
Q2 24
2.24×
2.72×
Q1 24
1.42×
1.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EQR
EQR

Segment breakdown not available.

MATX
MATX

Ocean Transportation Segment$704.2M83%
Logistics Services Segment$147.7M17%

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