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Side-by-side financial comparison of Equity Residential (EQR) and Cloudflare, Inc. (NET). Click either name above to swap in a different company.
Equity Residential is the larger business by last-quarter revenue ($781.9M vs $614.5M, roughly 1.3× Cloudflare, Inc.). Equity Residential runs the higher net margin — 48.9% vs -2.0%, a 50.8% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 2.0%). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 3.4%).
Equity Residential is a United States–based publicly traded real estate investment trust that invests in apartments.
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
EQR vs NET — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $781.9M | $614.5M |
| Net Profit | $382.1M | $-12.1M |
| Gross Margin | — | 73.6% |
| Operating Margin | 50.6% | -8.0% |
| Net Margin | 48.9% | -2.0% |
| Revenue YoY | 2.0% | 33.6% |
| Net Profit YoY | -8.8% | 6.0% |
| EPS (diluted) | $1.01 | $-0.03 |
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 | $614.5M | ||
| Q3 25 | $782.4M | $562.0M | ||
| Q2 25 | $768.8M | $512.3M | ||
| Q1 25 | $760.8M | $479.1M | ||
| Q4 24 | $766.8M | $459.9M | ||
| Q3 24 | $748.3M | $430.1M | ||
| Q2 24 | $734.2M | $401.0M | ||
| Q1 24 | $730.8M | $378.6M |
| Q4 25 | $382.1M | $-12.1M | ||
| Q3 25 | $289.1M | $-1.3M | ||
| Q2 25 | $192.4M | $-50.4M | ||
| Q1 25 | $256.6M | $-38.5M | ||
| Q4 24 | $419.1M | $-12.8M | ||
| Q3 24 | $143.4M | $-15.3M | ||
| Q2 24 | $177.5M | $-15.1M | ||
| Q1 24 | $295.8M | $-35.5M |
| Q4 25 | — | 73.6% | ||
| Q3 25 | — | 74.0% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.4% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.5% |
| Q4 25 | 50.6% | -8.0% | ||
| Q3 25 | 38.5% | -6.7% | ||
| Q2 25 | 26.6% | -13.1% | ||
| Q1 25 | 35.7% | -11.1% | ||
| Q4 24 | 57.2% | -7.5% | ||
| Q3 24 | 20.1% | -7.2% | ||
| Q2 24 | 25.3% | -8.7% | ||
| Q1 24 | 42.0% | -14.4% |
| Q4 25 | 48.9% | -2.0% | ||
| Q3 25 | 36.9% | -0.2% | ||
| Q2 25 | 25.0% | -9.8% | ||
| Q1 25 | 33.7% | -8.0% | ||
| Q4 24 | 54.7% | -2.8% | ||
| Q3 24 | 19.2% | -3.6% | ||
| Q2 24 | 24.2% | -3.8% | ||
| Q1 24 | 40.5% | -9.4% |
| Q4 25 | $1.01 | $-0.03 | ||
| Q3 25 | $0.76 | $0.00 | ||
| Q2 25 | $0.50 | $-0.15 | ||
| Q1 25 | $0.67 | $-0.11 | ||
| Q4 24 | $1.10 | $-0.05 | ||
| Q3 24 | $0.38 | $-0.04 | ||
| Q2 24 | $0.47 | $-0.04 | ||
| Q1 24 | $0.77 | $-0.10 |
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 | $943.5M |
| Total DebtLower is stronger | $8.2B | — |
| Stockholders' EquityBook value | $11.0B | $1.5B |
| Total Assets | $20.7B | $6.0B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.9M | $943.5M | ||
| Q3 25 | $93.1M | $1.1B | ||
| Q2 25 | $31.3M | $1.5B | ||
| Q1 25 | $39.8M | $204.5M | ||
| Q4 24 | $62.3M | $147.7M | ||
| Q3 24 | $28.6M | $182.9M | ||
| Q2 24 | $38.3M | $157.0M | ||
| Q1 24 | $44.5M | $254.4M |
| Q4 25 | $8.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $11.0B | $1.5B | ||
| Q3 25 | $11.1B | $1.3B | ||
| Q2 25 | $11.0B | $1.2B | ||
| Q1 25 | $11.0B | $1.4B | ||
| Q4 24 | $11.0B | $1.0B | ||
| Q3 24 | $10.9B | $973.1M | ||
| Q2 24 | $11.0B | $881.5M | ||
| Q1 24 | $11.1B | $797.2M |
| Q4 25 | $20.7B | $6.0B | ||
| Q3 25 | $21.1B | $5.8B | ||
| Q2 25 | $21.0B | $5.6B | ||
| Q1 25 | $20.6B | $3.7B | ||
| Q4 24 | $20.8B | $3.3B | ||
| Q3 24 | $20.9B | $3.1B | ||
| Q2 24 | $19.8B | $2.9B | ||
| Q1 24 | $19.9B | $2.8B |
| 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 | $190.4M |
| Free Cash FlowOCF − Capex | — | $105.2M |
| FCF MarginFCF / Revenue | — | 17.1% |
| Capex IntensityCapex / Revenue | — | 13.9% |
| Cash ConversionOCF / Net Profit | 1.01× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $287.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $387.0M | $190.4M | ||
| Q3 25 | $476.7M | $167.1M | ||
| Q2 25 | $359.5M | $99.8M | ||
| Q1 25 | $425.5M | $145.8M | ||
| Q4 24 | $354.2M | $127.3M | ||
| Q3 24 | $401.4M | $104.7M | ||
| Q2 24 | $396.9M | $74.8M | ||
| Q1 24 | $421.0M | $73.6M |
| Q4 25 | — | $105.2M | ||
| Q3 25 | — | $82.5M | ||
| Q2 25 | — | $39.9M | ||
| Q1 25 | — | $59.9M | ||
| Q4 24 | — | $54.2M | ||
| Q3 24 | — | $54.5M | ||
| Q2 24 | — | $45.2M | ||
| Q1 24 | — | $41.5M |
| Q4 25 | — | 17.1% | ||
| Q3 25 | — | 14.7% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 11.8% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 11.3% | ||
| Q1 24 | — | 11.0% |
| Q4 25 | — | 13.9% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 11.7% | ||
| Q1 25 | — | 17.9% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | — | 11.7% | ||
| Q2 24 | — | 7.4% | ||
| Q1 24 | — | 8.5% |
| 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.
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
