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Side-by-side financial comparison of Equity Residential (EQR) and RH (RH). Click either name above to swap in a different company.
RH is the larger business by last-quarter revenue ($883.8M vs $781.9M, roughly 1.1× Equity Residential). Equity Residential runs the higher net margin — 48.9% vs 4.1%, a 44.8% gap on every dollar of revenue. On growth, RH posted the faster year-over-year revenue change (8.9% vs 2.0%). Over the past eight quarters, RH's revenue compounded faster (9.4% CAGR vs 3.4%).
Equity Residential is a United States–based publicly traded real estate investment trust that invests in apartments.
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
EQR vs RH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $781.9M | $883.8M |
| Net Profit | $382.1M | $36.3M |
| Gross Margin | — | 44.1% |
| Operating Margin | 50.6% | 12.0% |
| Net Margin | 48.9% | 4.1% |
| Revenue YoY | 2.0% | 8.9% |
| Net Profit YoY | -8.8% | 9.3% |
| EPS (diluted) | $1.01 | $1.83 |
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 | $883.8M | ||
| Q3 25 | $782.4M | $899.2M | ||
| Q2 25 | $768.8M | $814.0M | ||
| Q1 25 | $760.8M | $812.4M | ||
| Q4 24 | $766.8M | $811.7M | ||
| Q3 24 | $748.3M | $829.7M | ||
| Q2 24 | $734.2M | $727.0M | ||
| Q1 24 | $730.8M | $738.3M |
| Q4 25 | $382.1M | $36.3M | ||
| Q3 25 | $289.1M | $51.7M | ||
| Q2 25 | $192.4M | $8.0M | ||
| Q1 25 | $256.6M | $13.9M | ||
| Q4 24 | $419.1M | $33.2M | ||
| Q3 24 | $143.4M | $29.0M | ||
| Q2 24 | $177.5M | $-3.6M | ||
| Q1 24 | $295.8M | $11.4M |
| Q4 25 | — | 44.1% | ||
| Q3 25 | — | 45.5% | ||
| Q2 25 | — | 43.7% | ||
| Q1 25 | — | 44.7% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.5% | ||
| Q1 24 | — | 43.5% |
| Q4 25 | 50.6% | 12.0% | ||
| Q3 25 | 38.5% | 14.3% | ||
| Q2 25 | 26.6% | 6.9% | ||
| Q1 25 | 35.7% | 8.7% | ||
| Q4 24 | 57.2% | 12.5% | ||
| Q3 24 | 20.1% | 11.6% | ||
| Q2 24 | 25.3% | 7.5% | ||
| Q1 24 | 42.0% | 8.7% |
| Q4 25 | 48.9% | 4.1% | ||
| Q3 25 | 36.9% | 5.8% | ||
| Q2 25 | 25.0% | 1.0% | ||
| Q1 25 | 33.7% | 1.7% | ||
| Q4 24 | 54.7% | 4.1% | ||
| Q3 24 | 19.2% | 3.5% | ||
| Q2 24 | 24.2% | -0.5% | ||
| Q1 24 | 40.5% | 1.5% |
| Q4 25 | $1.01 | $1.83 | ||
| Q3 25 | $0.76 | $2.62 | ||
| Q2 25 | $0.50 | $0.40 | ||
| Q1 25 | $0.67 | $0.71 | ||
| Q4 24 | $1.10 | $1.66 | ||
| Q3 24 | $0.38 | $1.45 | ||
| Q2 24 | $0.47 | $-0.20 | ||
| Q1 24 | $0.77 | $0.91 |
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 | $43.1M |
| Total DebtLower is stronger | $8.2B | — |
| Stockholders' EquityBook value | $11.0B | $3.3M |
| Total Assets | $20.7B | $4.8B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.9M | $43.1M | ||
| Q3 25 | $93.1M | $34.6M | ||
| Q2 25 | $31.3M | $46.1M | ||
| Q1 25 | $39.8M | $30.4M | ||
| Q4 24 | $62.3M | $87.0M | ||
| Q3 24 | $28.6M | $78.3M | ||
| Q2 24 | $38.3M | $101.8M | ||
| Q1 24 | $44.5M | $123.7M |
| Q4 25 | $8.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $8.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $11.0B | $3.3M | ||
| Q3 25 | $11.1B | $-40.9M | ||
| Q2 25 | $11.0B | $-110.8M | ||
| Q1 25 | $11.0B | $-163.6M | ||
| Q4 24 | $11.0B | $-183.0M | ||
| Q3 24 | $10.9B | $-234.7M | ||
| Q2 24 | $11.0B | $-289.9M | ||
| Q1 24 | $11.1B | $-297.4M |
| Q4 25 | $20.7B | $4.8B | ||
| Q3 25 | $21.1B | $4.7B | ||
| Q2 25 | $21.0B | $4.7B | ||
| Q1 25 | $20.6B | $4.6B | ||
| Q4 24 | $20.8B | $4.5B | ||
| Q3 24 | $20.9B | $4.4B | ||
| Q2 24 | $19.8B | $4.2B | ||
| Q1 24 | $19.9B | $4.1B |
| 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 | $131.9M |
| Free Cash FlowOCF − Capex | — | $83.0M |
| FCF MarginFCF / Revenue | — | 9.4% |
| Capex IntensityCapex / Revenue | — | 5.5% |
| Cash ConversionOCF / Net Profit | 1.01× | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $387.0M | $131.9M | ||
| Q3 25 | $476.7M | $137.7M | ||
| Q2 25 | $359.5M | $86.6M | ||
| Q1 25 | $425.5M | $-18.8M | ||
| Q4 24 | $354.2M | $-31.4M | ||
| Q3 24 | $401.4M | $11.2M | ||
| Q2 24 | $396.9M | $56.1M | ||
| Q1 24 | $421.0M | $-114.0M |
| Q4 25 | — | $83.0M | ||
| Q3 25 | — | $80.7M | ||
| Q2 25 | — | $34.1M | ||
| Q1 25 | — | $-69.7M | ||
| Q4 24 | — | $-96.0M | ||
| Q3 24 | — | $-37.9M | ||
| Q2 24 | — | $-10.1M | ||
| Q1 24 | — | $-251.5M |
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | -8.6% | ||
| Q4 24 | — | -11.8% | ||
| Q3 24 | — | -4.6% | ||
| Q2 24 | — | -1.4% | ||
| Q1 24 | — | -34.1% |
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 6.3% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 5.9% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | — | 18.6% |
| Q4 25 | 1.01× | 3.64× | ||
| Q3 25 | 1.65× | 2.66× | ||
| Q2 25 | 1.87× | 10.78× | ||
| Q1 25 | 1.66× | -1.35× | ||
| Q4 24 | 0.85× | -0.95× | ||
| Q3 24 | 2.80× | 0.39× | ||
| Q2 24 | 2.24× | — | ||
| Q1 24 | 1.42× | -10.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EQR
Segment breakdown not available.
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
