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Side-by-side financial comparison of Regency Centers (REG) and Unity Software Inc. (U). Click either name above to swap in a different company.

Unity Software Inc. is the larger business by last-quarter revenue ($503.1M vs $404.2M, roughly 1.2× Regency Centers). Regency Centers runs the higher net margin — 50.1% vs -17.9%, a 68.0% gap on every dollar of revenue. On growth, Unity Software Inc. posted the faster year-over-year revenue change (10.1% vs 8.5%). Over the past eight quarters, Regency Centers's revenue compounded faster (5.4% CAGR vs 4.5%).

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida, and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56-million-square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.

Unity Software Inc. is an American video game software development company based in San Francisco. It was founded in Denmark in 2004 as Over the Edge Entertainment and changed its name in 2007. Unity Technologies is best known for the development of Unity, a licensed game engine used to create video games and other applications.

REG vs U — Head-to-Head

Bigger by revenue
U
U
1.2× larger
U
$503.1M
$404.2M
REG
Growing faster (revenue YoY)
U
U
+1.6% gap
U
10.1%
8.5%
REG
Higher net margin
REG
REG
68.0% more per $
REG
50.1%
-17.9%
U
Faster 2-yr revenue CAGR
REG
REG
Annualised
REG
5.4%
4.5%
U

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
REG
REG
U
U
Revenue
$404.2M
$503.1M
Net Profit
$202.5M
$-90.0M
Gross Margin
74.3%
Operating Margin
71.0%
-21.2%
Net Margin
50.1%
-17.9%
Revenue YoY
8.5%
10.1%
Net Profit YoY
134.1%
26.7%
EPS (diluted)
$-0.21

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
REG
REG
U
U
Q4 25
$404.2M
$503.1M
Q3 25
$387.6M
$470.6M
Q2 25
$380.8M
$440.9M
Q1 25
$380.9M
$435.0M
Q4 24
$372.5M
$457.1M
Q3 24
$360.3M
$446.5M
Q2 24
$357.3M
$449.3M
Q1 24
$363.9M
$460.4M
Net Profit
REG
REG
U
U
Q4 25
$202.5M
$-90.0M
Q3 25
$109.4M
$-126.4M
Q2 25
$106.0M
$-108.8M
Q1 25
$109.6M
$-77.6M
Q4 24
$86.5M
$-122.7M
Q3 24
$101.5M
$-124.7M
Q2 24
$102.7M
$-125.6M
Q1 24
$109.8M
$-291.1M
Gross Margin
REG
REG
U
U
Q4 25
74.3%
Q3 25
74.4%
Q2 25
74.1%
Q1 25
73.8%
Q4 24
74.7%
Q3 24
74.9%
Q2 24
75.8%
Q1 24
68.6%
Operating Margin
REG
REG
U
U
Q4 25
71.0%
-21.2%
Q3 25
72.7%
-26.7%
Q2 25
73.8%
-26.9%
Q1 25
71.8%
-29.4%
Q4 24
71.1%
-27.1%
Q3 24
72.5%
-28.5%
Q2 24
72.3%
-28.8%
Q1 24
72.3%
-81.4%
Net Margin
REG
REG
U
U
Q4 25
50.1%
-17.9%
Q3 25
28.2%
-26.9%
Q2 25
27.8%
-24.7%
Q1 25
28.8%
-17.8%
Q4 24
23.2%
-26.8%
Q3 24
28.2%
-27.9%
Q2 24
28.7%
-28.0%
Q1 24
30.2%
-63.2%
EPS (diluted)
REG
REG
U
U
Q4 25
$-0.21
Q3 25
$-0.30
Q2 25
$-0.26
Q1 25
$-0.19
Q4 24
$-0.30
Q3 24
$-0.31
Q2 24
$-0.32
Q1 24
$-0.75

Balance Sheet & Financial Strength

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

Metric
REG
REG
U
U
Cash + ST InvestmentsLiquidity on hand
$2.1B
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$6.9B
$3.2B
Total Assets
$13.0B
$6.8B
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
REG
REG
U
U
Q4 25
$2.1B
Q3 25
$1.9B
Q2 25
$1.7B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.4B
Q2 24
$1.3B
Q1 24
$1.2B
Total Debt
REG
REG
U
U
Q4 25
$4.7B
Q3 25
$4.9B
Q2 25
$4.8B
Q1 25
$4.6B
Q4 24
$4.4B
Q3 24
$4.4B
Q2 24
$4.4B
Q1 24
$4.4B
Stockholders' Equity
REG
REG
U
U
Q4 25
$6.9B
$3.2B
Q3 25
$6.8B
$3.2B
Q2 25
$6.7B
$3.2B
Q1 25
$6.7B
$3.2B
Q4 24
$6.7B
$3.2B
Q3 24
$6.8B
$3.2B
Q2 24
$6.8B
$3.2B
Q1 24
$7.0B
$3.2B
Total Assets
REG
REG
U
U
Q4 25
$13.0B
$6.8B
Q3 25
$13.1B
$6.8B
Q2 25
$12.7B
$6.7B
Q1 25
$12.6B
$6.6B
Q4 24
$12.4B
$6.7B
Q3 24
$12.4B
$6.7B
Q2 24
$12.4B
$6.7B
Q1 24
$12.7B
$6.8B
Debt / Equity
REG
REG
U
U
Q4 25
0.69×
Q3 25
0.72×
Q2 25
0.72×
Q1 25
0.69×
Q4 24
0.66×
Q3 24
0.65×
Q2 24
0.64×
Q1 24
0.63×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
REG
REG
U
U
Operating Cash FlowLast quarter
$203.9M
$121.4M
Free Cash FlowOCF − Capex
$118.7M
FCF MarginFCF / Revenue
23.6%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
1.01×
TTM Free Cash FlowTrailing 4 quarters
$403.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
REG
REG
U
U
Q4 25
$203.9M
$121.4M
Q3 25
$218.7M
$155.4M
Q2 25
$244.0M
$133.1M
Q1 25
$161.0M
$13.0M
Q4 24
$191.4M
$112.2M
Q3 24
$227.6M
$122.4M
Q2 24
$203.5M
$88.4M
Q1 24
$167.8M
$-7.4M
Free Cash Flow
REG
REG
U
U
Q4 25
$118.7M
Q3 25
$151.3M
Q2 25
$126.7M
Q1 25
$7.3M
Q4 24
$105.8M
Q3 24
$115.2M
Q2 24
$79.6M
Q1 24
$-14.6M
FCF Margin
REG
REG
U
U
Q4 25
23.6%
Q3 25
32.1%
Q2 25
28.7%
Q1 25
1.7%
Q4 24
23.1%
Q3 24
25.8%
Q2 24
17.7%
Q1 24
-3.2%
Capex Intensity
REG
REG
U
U
Q4 25
0.5%
Q3 25
0.9%
Q2 25
1.5%
Q1 25
1.3%
Q4 24
1.4%
Q3 24
1.6%
Q2 24
2.0%
Q1 24
1.6%
Cash Conversion
REG
REG
U
U
Q4 25
1.01×
Q3 25
2.00×
Q2 25
2.30×
Q1 25
1.47×
Q4 24
2.21×
Q3 24
2.24×
Q2 24
1.98×
Q1 24
1.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

REG
REG

Shopping Centers$418.0M103%
Propertymanagementservices$4.1M1%
Assetmanagementservices$1.7M0%

U
U

Grow Solutions$338.2M67%
Create Solutions$164.9M33%

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