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

PLEXUS CORP is the larger business by last-quarter revenue ($1.2B vs $781.9M, roughly 1.5× Equity Residential). Equity Residential runs the higher net margin — 48.9% vs 4.3%, a 44.6% gap on every dollar of revenue. On growth, PLEXUS CORP posted the faster year-over-year revenue change (18.7% vs 2.0%). Over the past eight quarters, PLEXUS CORP's revenue compounded faster (7.2% CAGR vs 3.4%).

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

Plex Systems, Inc. is an American software company based in Troy, Michigan. The company develops and markets the Plex Manufacturing Cloud, a software as a service (SaaS) or cloud computing ERP for manufacturing.

EQR vs PLXS — Head-to-Head

Bigger by revenue
PLXS
PLXS
1.5× larger
PLXS
$1.2B
$781.9M
EQR
Growing faster (revenue YoY)
PLXS
PLXS
+16.8% gap
PLXS
18.7%
2.0%
EQR
Higher net margin
EQR
EQR
44.6% more per $
EQR
48.9%
4.3%
PLXS
Faster 2-yr revenue CAGR
PLXS
PLXS
Annualised
PLXS
7.2%
3.4%
EQR

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
EQR
EQR
PLXS
PLXS
Revenue
$781.9M
$1.2B
Net Profit
$382.1M
$49.8M
Gross Margin
10.2%
Operating Margin
50.6%
5.3%
Net Margin
48.9%
4.3%
Revenue YoY
2.0%
18.7%
Net Profit YoY
-8.8%
27.5%
EPS (diluted)
$1.01
$1.82

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
PLXS
PLXS
Q1 26
$1.1B
Q4 25
$781.9M
Q3 25
$782.4M
Q2 25
$768.8M
Q1 25
$760.8M
Q4 24
$766.8M
Q3 24
$748.3M
Q2 24
$734.2M
Net Profit
EQR
EQR
PLXS
PLXS
Q1 26
$41.2M
Q4 25
$382.1M
Q3 25
$289.1M
Q2 25
$192.4M
Q1 25
$256.6M
Q4 24
$419.1M
Q3 24
$143.4M
Q2 24
$177.5M
Gross Margin
EQR
EQR
PLXS
PLXS
Q1 26
9.9%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
EQR
EQR
PLXS
PLXS
Q1 26
5.1%
Q4 25
50.6%
Q3 25
38.5%
Q2 25
26.6%
Q1 25
35.7%
Q4 24
57.2%
Q3 24
20.1%
Q2 24
25.3%
Net Margin
EQR
EQR
PLXS
PLXS
Q1 26
3.8%
Q4 25
48.9%
Q3 25
36.9%
Q2 25
25.0%
Q1 25
33.7%
Q4 24
54.7%
Q3 24
19.2%
Q2 24
24.2%
EPS (diluted)
EQR
EQR
PLXS
PLXS
Q1 26
$1.51
Q4 25
$1.01
Q3 25
$0.76
Q2 25
$0.50
Q1 25
$0.67
Q4 24
$1.10
Q3 24
$0.38
Q2 24
$0.47

Balance Sheet & Financial Strength

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

Metric
EQR
EQR
PLXS
PLXS
Cash + ST InvestmentsLiquidity on hand
$55.9M
$303.1M
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$11.0B
$1.5B
Total Assets
$20.7B
$3.4B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQR
EQR
PLXS
PLXS
Q1 26
$248.8M
Q4 25
$55.9M
Q3 25
$93.1M
Q2 25
$31.3M
Q1 25
$39.8M
Q4 24
$62.3M
Q3 24
$28.6M
Q2 24
$38.3M
Total Debt
EQR
EQR
PLXS
PLXS
Q1 26
Q4 25
$8.2B
Q3 25
Q2 25
Q1 25
Q4 24
$8.2B
Q3 24
Q2 24
Stockholders' Equity
EQR
EQR
PLXS
PLXS
Q1 26
$1.5B
Q4 25
$11.0B
Q3 25
$11.1B
Q2 25
$11.0B
Q1 25
$11.0B
Q4 24
$11.0B
Q3 24
$10.9B
Q2 24
$11.0B
Total Assets
EQR
EQR
PLXS
PLXS
Q1 26
$3.2B
Q4 25
$20.7B
Q3 25
$21.1B
Q2 25
$21.0B
Q1 25
$20.6B
Q4 24
$20.8B
Q3 24
$20.9B
Q2 24
$19.8B
Debt / Equity
EQR
EQR
PLXS
PLXS
Q1 26
Q4 25
0.75×
Q3 25
Q2 25
Q1 25
Q4 24
0.74×
Q3 24
Q2 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
PLXS
PLXS
Operating Cash FlowLast quarter
$387.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.01×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQR
EQR
PLXS
PLXS
Q1 26
Q4 25
$387.0M
Q3 25
$476.7M
Q2 25
$359.5M
Q1 25
$425.5M
Q4 24
$354.2M
Q3 24
$401.4M
Q2 24
$396.9M
Cash Conversion
EQR
EQR
PLXS
PLXS
Q1 26
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×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EQR
EQR

Segment breakdown not available.

PLXS
PLXS

Asia-Pacific$652.0M56%
Americas$397.0M34%
Europe, Middle East and Africa$116.0M10%

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