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

Equity Residential is the larger business by last-quarter revenue ($781.9M vs $510.9M, roughly 1.5× MSA Safety Inc). Equity Residential runs the higher net margin — 48.9% vs 17.0%, a 31.9% gap on every dollar of revenue. On growth, MSA Safety Inc posted the faster year-over-year revenue change (2.2% vs 2.0%). Over the past eight quarters, MSA Safety Inc's revenue compounded faster (11.2% CAGR vs 3.4%).

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

Mine Safety Appliances, or MSA Safety Incorporated, is an American manufacturer and supplier of safety equipment designed for use in a variety of hazardous conditions in industries such as construction, the military, fire service, and chemical, oil, and gas production. MSA is based in the Pittsburgh suburb of Cranberry.

EQR vs MSA — Head-to-Head

Bigger by revenue
EQR
EQR
1.5× larger
EQR
$781.9M
$510.9M
MSA
Growing faster (revenue YoY)
MSA
MSA
+0.3% gap
MSA
2.2%
2.0%
EQR
Higher net margin
EQR
EQR
31.9% more per $
EQR
48.9%
17.0%
MSA
Faster 2-yr revenue CAGR
MSA
MSA
Annualised
MSA
11.2%
3.4%
EQR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EQR
EQR
MSA
MSA
Revenue
$781.9M
$510.9M
Net Profit
$382.1M
$86.9M
Gross Margin
46.9%
Operating Margin
50.6%
22.3%
Net Margin
48.9%
17.0%
Revenue YoY
2.0%
2.2%
Net Profit YoY
-8.8%
-1.2%
EPS (diluted)
$1.01
$2.22

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
MSA
MSA
Q4 25
$781.9M
$510.9M
Q3 25
$782.4M
$468.4M
Q2 25
$768.8M
$474.1M
Q1 25
$760.8M
$421.3M
Q4 24
$766.8M
$499.7M
Q3 24
$748.3M
$432.7M
Q2 24
$734.2M
$462.5M
Q1 24
$730.8M
$413.3M
Net Profit
EQR
EQR
MSA
MSA
Q4 25
$382.1M
$86.9M
Q3 25
$289.1M
$69.6M
Q2 25
$192.4M
$62.8M
Q1 25
$256.6M
$59.6M
Q4 24
$419.1M
$87.9M
Q3 24
$143.4M
$66.6M
Q2 24
$177.5M
$72.2M
Q1 24
$295.8M
$58.1M
Gross Margin
EQR
EQR
MSA
MSA
Q4 25
46.9%
Q3 25
46.5%
Q2 25
46.6%
Q1 25
45.9%
Q4 24
46.9%
Q3 24
47.9%
Q2 24
48.2%
Q1 24
47.3%
Operating Margin
EQR
EQR
MSA
MSA
Q4 25
50.6%
22.3%
Q3 25
38.5%
20.1%
Q2 25
26.6%
18.1%
Q1 25
35.7%
18.5%
Q4 24
57.2%
23.5%
Q3 24
20.1%
21.1%
Q2 24
25.3%
21.6%
Q1 24
42.0%
19.4%
Net Margin
EQR
EQR
MSA
MSA
Q4 25
48.9%
17.0%
Q3 25
36.9%
14.9%
Q2 25
25.0%
13.2%
Q1 25
33.7%
14.1%
Q4 24
54.7%
17.6%
Q3 24
19.2%
15.4%
Q2 24
24.2%
15.6%
Q1 24
40.5%
14.1%
EPS (diluted)
EQR
EQR
MSA
MSA
Q4 25
$1.01
$2.22
Q3 25
$0.76
$1.77
Q2 25
$0.50
$1.59
Q1 25
$0.67
$1.51
Q4 24
$1.10
$2.22
Q3 24
$0.38
$1.69
Q2 24
$0.47
$1.83
Q1 24
$0.77
$1.47

Balance Sheet & Financial Strength

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

Metric
EQR
EQR
MSA
MSA
Cash + ST InvestmentsLiquidity on hand
$55.9M
$165.1M
Total DebtLower is stronger
$8.2B
$580.9M
Stockholders' EquityBook value
$11.0B
$1.4B
Total Assets
$20.7B
$2.6B
Debt / EquityLower = less leverage
0.75×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQR
EQR
MSA
MSA
Q4 25
$55.9M
$165.1M
Q3 25
$93.1M
$170.0M
Q2 25
$31.3M
$147.0M
Q1 25
$39.8M
$170.6M
Q4 24
$62.3M
$164.6M
Q3 24
$28.6M
$154.4M
Q2 24
$38.3M
$146.8M
Q1 24
$44.5M
$148.3M
Total Debt
EQR
EQR
MSA
MSA
Q4 25
$8.2B
$580.9M
Q3 25
$628.6M
Q2 25
$679.3M
Q1 25
$502.1M
Q4 24
$8.2B
$508.0M
Q3 24
$554.7M
Q2 24
$588.2M
Q1 24
$596.2M
Stockholders' Equity
EQR
EQR
MSA
MSA
Q4 25
$11.0B
$1.4B
Q3 25
$11.1B
$1.3B
Q2 25
$11.0B
$1.3B
Q1 25
$11.0B
$1.2B
Q4 24
$11.0B
$1.1B
Q3 24
$10.9B
$1.1B
Q2 24
$11.0B
$1.0B
Q1 24
$11.1B
$994.8M
Total Assets
EQR
EQR
MSA
MSA
Q4 25
$20.7B
$2.6B
Q3 25
$21.1B
$2.6B
Q2 25
$21.0B
$2.6B
Q1 25
$20.6B
$2.2B
Q4 24
$20.8B
$2.2B
Q3 24
$20.9B
$2.2B
Q2 24
$19.8B
$2.2B
Q1 24
$19.9B
$2.2B
Debt / Equity
EQR
EQR
MSA
MSA
Q4 25
0.75×
0.42×
Q3 25
0.48×
Q2 25
0.54×
Q1 25
0.42×
Q4 24
0.74×
0.44×
Q3 24
0.51×
Q2 24
0.57×
Q1 24
0.60×

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
MSA
MSA
Operating Cash FlowLast quarter
$387.0M
$122.4M
Free Cash FlowOCF − Capex
$106.0M
FCF MarginFCF / Revenue
20.8%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
1.01×
1.41×
TTM Free Cash FlowTrailing 4 quarters
$295.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQR
EQR
MSA
MSA
Q4 25
$387.0M
$122.4M
Q3 25
$476.7M
$112.5M
Q2 25
$359.5M
$67.2M
Q1 25
$425.5M
$61.8M
Q4 24
$354.2M
$107.9M
Q3 24
$401.4M
$84.3M
Q2 24
$396.9M
$53.3M
Q1 24
$421.0M
$50.9M
Free Cash Flow
EQR
EQR
MSA
MSA
Q4 25
$106.0M
Q3 25
$100.5M
Q2 25
$37.9M
Q1 25
$51.0M
Q4 24
$93.5M
Q3 24
$70.1M
Q2 24
$39.0M
Q1 24
$39.7M
FCF Margin
EQR
EQR
MSA
MSA
Q4 25
20.8%
Q3 25
21.4%
Q2 25
8.0%
Q1 25
12.1%
Q4 24
18.7%
Q3 24
16.2%
Q2 24
8.4%
Q1 24
9.6%
Capex Intensity
EQR
EQR
MSA
MSA
Q4 25
3.2%
Q3 25
2.6%
Q2 25
6.2%
Q1 25
2.6%
Q4 24
2.9%
Q3 24
3.3%
Q2 24
3.1%
Q1 24
2.7%
Cash Conversion
EQR
EQR
MSA
MSA
Q4 25
1.01×
1.41×
Q3 25
1.65×
1.62×
Q2 25
1.87×
1.07×
Q1 25
1.66×
1.04×
Q4 24
0.85×
1.23×
Q3 24
2.80×
1.27×
Q2 24
2.24×
0.74×
Q1 24
1.42×
0.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EQR
EQR

Segment breakdown not available.

MSA
MSA

Americas Segment$335.2M66%
International Segment$175.7M34%

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