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Side-by-side financial comparison of Equity Residential (EQR) and Zurn Elkay Water Solutions Corp (ZWS). Click either name above to swap in a different company.

Equity Residential is the larger business by last-quarter revenue ($781.9M vs $407.2M, roughly 1.9× Zurn Elkay Water Solutions Corp). Equity Residential runs the higher net margin — 48.9% vs 10.3%, a 38.5% gap on every dollar of revenue. On growth, Zurn Elkay Water Solutions Corp posted the faster year-over-year revenue change (9.8% vs 2.0%). Over the past eight quarters, Zurn Elkay Water Solutions Corp's revenue compounded faster (4.4% CAGR vs 3.4%).

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

Zurn Elkay Water Solutions Corp designs, manufactures, and distributes a wide range of water management and dispensing products, including commercial plumbing fixtures, drinking fountains, water filtration systems, and flow control components. It serves commercial, residential, industrial, and public infrastructure markets primarily across North America, with a focus on delivering sustainable, water-efficient solutions for diverse end-user needs.

EQR vs ZWS — Head-to-Head

Bigger by revenue
EQR
EQR
1.9× larger
EQR
$781.9M
$407.2M
ZWS
Growing faster (revenue YoY)
ZWS
ZWS
+7.9% gap
ZWS
9.8%
2.0%
EQR
Higher net margin
EQR
EQR
38.5% more per $
EQR
48.9%
10.3%
ZWS
Faster 2-yr revenue CAGR
ZWS
ZWS
Annualised
ZWS
4.4%
3.4%
EQR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EQR
EQR
ZWS
ZWS
Revenue
$781.9M
$407.2M
Net Profit
$382.1M
$42.1M
Gross Margin
44.4%
Operating Margin
50.6%
14.8%
Net Margin
48.9%
10.3%
Revenue YoY
2.0%
9.8%
Net Profit YoY
-8.8%
15.7%
EPS (diluted)
$1.01
$0.24

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
ZWS
ZWS
Q4 25
$781.9M
$407.2M
Q3 25
$782.4M
$455.4M
Q2 25
$768.8M
$444.5M
Q1 25
$760.8M
$388.8M
Q4 24
$766.8M
$370.7M
Q3 24
$748.3M
$410.0M
Q2 24
$734.2M
$412.0M
Q1 24
$730.8M
$373.8M
Net Profit
EQR
EQR
ZWS
ZWS
Q4 25
$382.1M
$42.1M
Q3 25
$289.1M
$61.8M
Q2 25
$192.4M
$50.5M
Q1 25
$256.6M
$43.6M
Q4 24
$419.1M
$36.4M
Q3 24
$143.4M
$43.5M
Q2 24
$177.5M
$46.0M
Q1 24
$295.8M
$34.3M
Gross Margin
EQR
EQR
ZWS
ZWS
Q4 25
44.4%
Q3 25
44.1%
Q2 25
45.5%
Q1 25
46.6%
Q4 24
43.5%
Q3 24
46.2%
Q2 24
45.2%
Q1 24
45.5%
Operating Margin
EQR
EQR
ZWS
ZWS
Q4 25
50.6%
14.8%
Q3 25
38.5%
17.0%
Q2 25
26.6%
17.5%
Q1 25
35.7%
16.3%
Q4 24
57.2%
13.3%
Q3 24
20.1%
17.1%
Q2 24
25.3%
17.5%
Q1 24
42.0%
14.2%
Net Margin
EQR
EQR
ZWS
ZWS
Q4 25
48.9%
10.3%
Q3 25
36.9%
13.6%
Q2 25
25.0%
11.4%
Q1 25
33.7%
11.2%
Q4 24
54.7%
9.8%
Q3 24
19.2%
10.6%
Q2 24
24.2%
11.2%
Q1 24
40.5%
9.2%
EPS (diluted)
EQR
EQR
ZWS
ZWS
Q4 25
$1.01
$0.24
Q3 25
$0.76
$0.36
Q2 25
$0.50
$0.29
Q1 25
$0.67
$0.26
Q4 24
$1.10
$0.21
Q3 24
$0.38
$0.25
Q2 24
$0.47
$0.27
Q1 24
$0.77
$0.19

Balance Sheet & Financial Strength

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

Metric
EQR
EQR
ZWS
ZWS
Cash + ST InvestmentsLiquidity on hand
$55.9M
$300.5M
Total DebtLower is stronger
$8.2B
$496.5M
Stockholders' EquityBook value
$11.0B
$1.6B
Total Assets
$20.7B
$2.7B
Debt / EquityLower = less leverage
0.75×
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EQR
EQR
ZWS
ZWS
Q4 25
$55.9M
$300.5M
Q3 25
$93.1M
$260.1M
Q2 25
$31.3M
$201.9M
Q1 25
$39.8M
$144.7M
Q4 24
$62.3M
$198.0M
Q3 24
$28.6M
$187.9M
Q2 24
$38.3M
$162.7M
Q1 24
$44.5M
$157.1M
Total Debt
EQR
EQR
ZWS
ZWS
Q4 25
$8.2B
$496.5M
Q3 25
$496.4M
Q2 25
$495.9M
Q1 25
$495.8M
Q4 24
$8.2B
$495.6M
Q3 24
$495.6M
Q2 24
$495.5M
Q1 24
$495.4M
Stockholders' Equity
EQR
EQR
ZWS
ZWS
Q4 25
$11.0B
$1.6B
Q3 25
$11.1B
$1.6B
Q2 25
$11.0B
$1.6B
Q1 25
$11.0B
$1.5B
Q4 24
$11.0B
$1.6B
Q3 24
$10.9B
$1.6B
Q2 24
$11.0B
$1.6B
Q1 24
$11.1B
$1.6B
Total Assets
EQR
EQR
ZWS
ZWS
Q4 25
$20.7B
$2.7B
Q3 25
$21.1B
$2.7B
Q2 25
$21.0B
$2.7B
Q1 25
$20.6B
$2.6B
Q4 24
$20.8B
$2.6B
Q3 24
$20.9B
$2.7B
Q2 24
$19.8B
$2.7B
Q1 24
$19.9B
$2.7B
Debt / Equity
EQR
EQR
ZWS
ZWS
Q4 25
0.75×
0.31×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.32×
Q4 24
0.74×
0.31×
Q3 24
0.31×
Q2 24
0.31×
Q1 24
0.31×

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
ZWS
ZWS
Operating Cash FlowLast quarter
$387.0M
$91.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.01×
2.18×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EQR
EQR
ZWS
ZWS
Q4 25
$387.0M
$91.7M
Q3 25
$476.7M
$101.3M
Q2 25
$359.5M
$110.6M
Q1 25
$425.5M
$42.9M
Q4 24
$354.2M
$63.6M
Q3 24
$401.4M
$90.9M
Q2 24
$396.9M
$85.1M
Q1 24
$421.0M
$53.9M
Cash Conversion
EQR
EQR
ZWS
ZWS
Q4 25
1.01×
2.18×
Q3 25
1.65×
1.64×
Q2 25
1.87×
2.19×
Q1 25
1.66×
0.98×
Q4 24
0.85×
1.75×
Q3 24
2.80×
2.09×
Q2 24
2.24×
1.85×
Q1 24
1.42×
1.57×

Financial Flow Comparison

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

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