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Side-by-side financial comparison of Equity Residential (EQR) and Royalty Pharma plc (RPRX). Click either name above to swap in a different company.

Equity Residential is the larger business by last-quarter revenue ($781.9M vs $622.0M, roughly 1.3× Royalty Pharma plc). Equity Residential runs the higher net margin — 48.9% vs 34.4%, a 14.4% gap on every dollar of revenue. On growth, Royalty Pharma plc posted the faster year-over-year revenue change (4.8% vs 2.0%). Over the past eight quarters, Royalty Pharma plc's revenue compounded faster (4.6% CAGR vs 3.4%).

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

Acceleron Pharma, Inc. is an American clinical stage biopharmaceutical company based in Cambridge, Massachusetts with a broad focus on developing medicines that regulate the transforming growth factor beta (TGF-β) superfamily of proteins, which play fundamental roles in the growth and repair of cells and tissues such as red blood cells, muscle, bone, and blood vessels.

EQR vs RPRX — Head-to-Head

Bigger by revenue
EQR
EQR
1.3× larger
EQR
$781.9M
$622.0M
RPRX
Growing faster (revenue YoY)
RPRX
RPRX
+2.8% gap
RPRX
4.8%
2.0%
EQR
Higher net margin
EQR
EQR
14.4% more per $
EQR
48.9%
34.4%
RPRX
Faster 2-yr revenue CAGR
RPRX
RPRX
Annualised
RPRX
4.6%
3.4%
EQR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EQR
EQR
RPRX
RPRX
Revenue
$781.9M
$622.0M
Net Profit
$382.1M
$214.2M
Gross Margin
Operating Margin
50.6%
62.4%
Net Margin
48.9%
34.4%
Revenue YoY
2.0%
4.8%
Net Profit YoY
-8.8%
2.9%
EPS (diluted)
$1.01
$0.49

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
RPRX
RPRX
Q4 25
$781.9M
$622.0M
Q3 25
$782.4M
$609.3M
Q2 25
$768.8M
$578.7M
Q1 25
$760.8M
$568.2M
Q4 24
$766.8M
$593.6M
Q3 24
$748.3M
$564.7M
Q2 24
$734.2M
$537.3M
Q1 24
$730.8M
$568.0M
Net Profit
EQR
EQR
RPRX
RPRX
Q4 25
$382.1M
$214.2M
Q3 25
$289.1M
$288.2M
Q2 25
$192.4M
$30.2M
Q1 25
$256.6M
$238.3M
Q4 24
$419.1M
$208.2M
Q3 24
$143.4M
$544.0M
Q2 24
$177.5M
$102.0M
Q1 24
$295.8M
$4.8M
Operating Margin
EQR
EQR
RPRX
RPRX
Q4 25
50.6%
62.4%
Q3 25
38.5%
70.1%
Q2 25
26.6%
36.3%
Q1 25
35.7%
94.0%
Q4 24
57.2%
60.9%
Q3 24
20.1%
Q2 24
25.3%
50.2%
Q1 24
42.0%
-13.0%
Net Margin
EQR
EQR
RPRX
RPRX
Q4 25
48.9%
34.4%
Q3 25
36.9%
47.3%
Q2 25
25.0%
5.2%
Q1 25
33.7%
41.9%
Q4 24
54.7%
35.1%
Q3 24
19.2%
96.3%
Q2 24
24.2%
19.0%
Q1 24
40.5%
0.8%
EPS (diluted)
EQR
EQR
RPRX
RPRX
Q4 25
$1.01
$0.49
Q3 25
$0.76
$0.67
Q2 25
$0.50
$0.07
Q1 25
$0.67
$0.55
Q4 24
$1.10
$0.46
Q3 24
$0.38
$1.21
Q2 24
$0.47
$0.23
Q1 24
$0.77
$0.01

Balance Sheet & Financial Strength

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

Metric
EQR
EQR
RPRX
RPRX
Cash + ST InvestmentsLiquidity on hand
$55.9M
$618.7M
Total DebtLower is stronger
$8.2B
$9.0B
Stockholders' EquityBook value
$11.0B
$9.7B
Total Assets
$20.7B
$19.6B
Debt / EquityLower = less leverage
0.75×
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQR
EQR
RPRX
RPRX
Q4 25
$55.9M
$618.7M
Q3 25
$93.1M
$938.9M
Q2 25
$31.3M
$631.9M
Q1 25
$39.8M
$1.1B
Q4 24
$62.3M
$929.0M
Q3 24
$28.6M
$950.1M
Q2 24
$38.3M
$1.8B
Q1 24
$44.5M
$843.0M
Total Debt
EQR
EQR
RPRX
RPRX
Q4 25
$8.2B
$9.0B
Q3 25
$8.9B
Q2 25
$8.0B
Q1 25
$7.6B
Q4 24
$8.2B
$7.6B
Q3 24
$7.6B
Q2 24
$7.6B
Q1 24
$6.1B
Stockholders' Equity
EQR
EQR
RPRX
RPRX
Q4 25
$11.0B
$9.7B
Q3 25
$11.1B
$9.6B
Q2 25
$11.0B
$9.5B
Q1 25
$11.0B
$9.8B
Q4 24
$11.0B
$10.3B
Q3 24
$10.9B
$10.3B
Q2 24
$11.0B
$9.8B
Q1 24
$11.1B
$9.9B
Total Assets
EQR
EQR
RPRX
RPRX
Q4 25
$20.7B
$19.6B
Q3 25
$21.1B
$19.3B
Q2 25
$21.0B
$18.3B
Q1 25
$20.6B
$17.6B
Q4 24
$20.8B
$18.2B
Q3 24
$20.9B
$18.0B
Q2 24
$19.8B
$17.7B
Q1 24
$19.9B
$16.1B
Debt / Equity
EQR
EQR
RPRX
RPRX
Q4 25
0.75×
0.92×
Q3 25
0.93×
Q2 25
0.84×
Q1 25
0.78×
Q4 24
0.74×
0.74×
Q3 24
0.74×
Q2 24
0.78×
Q1 24
0.62×

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
RPRX
RPRX
Operating Cash FlowLast quarter
$387.0M
$827.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.01×
3.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQR
EQR
RPRX
RPRX
Q4 25
$387.0M
$827.1M
Q3 25
$476.7M
$702.6M
Q2 25
$359.5M
$364.0M
Q1 25
$425.5M
$596.1M
Q4 24
$354.2M
$742.5M
Q3 24
$401.4M
$703.6M
Q2 24
$396.9M
$658.2M
Q1 24
$421.0M
$664.6M
Cash Conversion
EQR
EQR
RPRX
RPRX
Q4 25
1.01×
3.86×
Q3 25
1.65×
2.44×
Q2 25
1.87×
12.06×
Q1 25
1.66×
2.50×
Q4 24
0.85×
3.57×
Q3 24
2.80×
1.29×
Q2 24
2.24×
6.45×
Q1 24
1.42×
139.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EQR
EQR

Segment breakdown not available.

RPRX
RPRX

Financial Royalty Assets$592.4M95%
Royalty Income Other$29.6M5%

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