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Side-by-side financial comparison of UDR, Inc. (UDR) and Ubiquiti Inc. (UI). Click either name above to swap in a different company.

Ubiquiti Inc. is the larger business by last-quarter revenue ($814.9M vs $433.1M, roughly 1.9× UDR, Inc.). UDR, Inc. runs the higher net margin — 51.5% vs 28.7%, a 22.8% gap on every dollar of revenue. On growth, Ubiquiti Inc. posted the faster year-over-year revenue change (35.8% vs 2.5%). UDR, Inc. produced more free cash flow last quarter ($650.0M vs $260.3M). Over the past eight quarters, Ubiquiti Inc.'s revenue compounded faster (28.6% CAGR vs 2.3%).

UDR, Inc. is a leading U.S.-headquartered real estate investment trust specializing in owning, operating, and redeveloping high-quality multifamily residential apartment communities. It operates across major U.S. metropolitan markets, catering to a diverse tenant base including young professionals, families, and middle-to-high income households.

Ubiquiti Inc. is an American technology company founded in San Jose, California, in 2003. Now based in New York City, Ubiquiti manufactures and sells wireless data communication and wired products for enterprises and homes under multiple brand names. On October 13, 2011, Ubiquiti had its initial public offering (IPO) at 7.04 million shares, at $15 per share, raising $30.5 million.

UDR vs UI — Head-to-Head

Bigger by revenue
UI
UI
1.9× larger
UI
$814.9M
$433.1M
UDR
Growing faster (revenue YoY)
UI
UI
+33.4% gap
UI
35.8%
2.5%
UDR
Higher net margin
UDR
UDR
22.8% more per $
UDR
51.5%
28.7%
UI
More free cash flow
UDR
UDR
$389.8M more FCF
UDR
$650.0M
$260.3M
UI
Faster 2-yr revenue CAGR
UI
UI
Annualised
UI
28.6%
2.3%
UDR

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
UDR
UDR
UI
UI
Revenue
$433.1M
$814.9M
Net Profit
$222.9M
$233.6M
Gross Margin
45.9%
Operating Margin
64.1%
35.9%
Net Margin
51.5%
28.7%
Revenue YoY
2.5%
35.8%
Net Profit YoY
4519.2%
70.8%
EPS (diluted)
$0.67
$3.86

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
UDR
UDR
UI
UI
Q4 25
$433.1M
$814.9M
Q3 25
$431.9M
$733.8M
Q2 25
$425.4M
$759.2M
Q1 25
$421.9M
$664.2M
Q4 24
$422.7M
$599.9M
Q3 24
$420.2M
$550.3M
Q2 24
$415.3M
$507.5M
Q1 24
$413.6M
$493.0M
Net Profit
UDR
UDR
UI
UI
Q4 25
$222.9M
$233.6M
Q3 25
$40.4M
$207.9M
Q2 25
$37.7M
$266.7M
Q1 25
$76.7M
$180.4M
Q4 24
$-5.0M
$136.8M
Q3 24
$22.6M
$128.0M
Q2 24
$28.9M
$103.8M
Q1 24
$43.1M
$76.3M
Gross Margin
UDR
UDR
UI
UI
Q4 25
45.9%
Q3 25
46.0%
Q2 25
45.1%
Q1 25
44.5%
Q4 24
41.2%
Q3 24
42.1%
Q2 24
40.2%
Q1 24
35.3%
Operating Margin
UDR
UDR
UI
UI
Q4 25
64.1%
35.9%
Q3 25
17.7%
35.7%
Q2 25
18.2%
34.4%
Q1 25
29.0%
34.2%
Q4 24
15.7%
29.8%
Q3 24
16.6%
30.7%
Q2 24
16.5%
27.3%
Q1 24
19.3%
22.6%
Net Margin
UDR
UDR
UI
UI
Q4 25
51.5%
28.7%
Q3 25
9.4%
28.3%
Q2 25
8.9%
35.1%
Q1 25
18.2%
27.2%
Q4 24
-220.5%
22.8%
Q3 24
5.4%
23.3%
Q2 24
7.0%
20.5%
Q1 24
10.4%
15.5%
EPS (diluted)
UDR
UDR
UI
UI
Q4 25
$0.67
$3.86
Q3 25
$0.12
$3.43
Q2 25
$0.11
$4.40
Q1 25
$0.23
$2.98
Q4 24
$-0.01
$2.26
Q3 24
$0.06
$2.12
Q2 24
$0.08
$1.72
Q1 24
$0.13
$1.26

Balance Sheet & Financial Strength

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

Metric
UDR
UDR
UI
UI
Cash + ST InvestmentsLiquidity on hand
$1.2M
$302.8M
Total DebtLower is stronger
$5.8B
$47.5M
Stockholders' EquityBook value
$3.3B
$1.0B
Total Assets
$10.6B
$1.6B
Debt / EquityLower = less leverage
1.77×
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UDR
UDR
UI
UI
Q4 25
$1.2M
$302.8M
Q3 25
$1.2M
$177.2M
Q2 25
$1.5M
$149.7M
Q1 25
$1.3M
$151.0M
Q4 24
$1.3M
$133.1M
Q3 24
$2.3M
$165.2M
Q2 24
$2.8M
$126.3M
Q1 24
$2.1M
$102.5M
Total Debt
UDR
UDR
UI
UI
Q4 25
$5.8B
$47.5M
Q3 25
$5.8B
$133.8M
Q2 25
$5.8B
$250.0M
Q1 25
$5.8B
$340.0M
Q4 24
$5.8B
$406.3M
Q3 24
$5.9B
$552.5M
Q2 24
$5.8B
$708.1M
Q1 24
$5.8B
$877.5M
Stockholders' Equity
UDR
UDR
UI
UI
Q4 25
$3.3B
$1.0B
Q3 25
$3.3B
$828.4M
Q2 25
$3.3B
$668.3M
Q1 25
$3.3B
$436.1M
Q4 24
$3.4B
$290.4M
Q3 24
$3.5B
$188.1M
Q2 24
$3.7B
$95.1M
Q1 24
$3.9B
$25.9M
Total Assets
UDR
UDR
UI
UI
Q4 25
$10.6B
$1.6B
Q3 25
$10.6B
$1.5B
Q2 25
$10.6B
$1.5B
Q1 25
$10.7B
$1.3B
Q4 24
$10.9B
$1.2B
Q3 24
$11.1B
$1.2B
Q2 24
$11.1B
$1.2B
Q1 24
$11.2B
$1.2B
Debt / Equity
UDR
UDR
UI
UI
Q4 25
1.77×
0.05×
Q3 25
1.78×
0.16×
Q2 25
1.74×
0.37×
Q1 25
1.74×
0.78×
Q4 24
1.69×
1.40×
Q3 24
1.67×
2.94×
Q2 24
1.55×
7.45×
Q1 24
1.47×
33.92×

Cash Flow & Capital Efficiency

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

Metric
UDR
UDR
UI
UI
Operating Cash FlowLast quarter
$902.9M
$263.9M
Free Cash FlowOCF − Capex
$650.0M
$260.3M
FCF MarginFCF / Revenue
150.1%
31.9%
Capex IntensityCapex / Revenue
58.4%
0.4%
Cash ConversionOCF / Net Profit
4.05×
1.13×
TTM Free Cash FlowTrailing 4 quarters
$1.1B
$699.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
UDR
UDR
UI
UI
Q4 25
$902.9M
$263.9M
Q3 25
$234.9M
$198.5M
Q2 25
$250.3M
$130.4M
Q1 25
$156.2M
$123.6M
Q4 24
$876.8M
$152.4M
Q3 24
$230.3M
$233.7M
Q2 24
$238.5M
$231.4M
Q1 24
$167.6M
$163.9M
Free Cash Flow
UDR
UDR
UI
UI
Q4 25
$650.0M
$260.3M
Q3 25
$164.6M
$193.3M
Q2 25
$190.1M
$125.2M
Q1 25
$103.2M
$120.7M
Q4 24
$627.0M
$150.4M
Q3 24
$161.3M
$231.1M
Q2 24
$171.1M
$229.5M
Q1 24
$115.0M
$160.6M
FCF Margin
UDR
UDR
UI
UI
Q4 25
150.1%
31.9%
Q3 25
38.1%
26.3%
Q2 25
44.7%
16.5%
Q1 25
24.5%
18.2%
Q4 24
148.3%
25.1%
Q3 24
38.4%
42.0%
Q2 24
41.2%
45.2%
Q1 24
27.8%
32.6%
Capex Intensity
UDR
UDR
UI
UI
Q4 25
58.4%
0.4%
Q3 25
16.3%
0.7%
Q2 25
14.2%
0.7%
Q1 25
12.6%
0.4%
Q4 24
59.1%
0.3%
Q3 24
16.4%
0.5%
Q2 24
16.2%
0.4%
Q1 24
12.7%
0.7%
Cash Conversion
UDR
UDR
UI
UI
Q4 25
4.05×
1.13×
Q3 25
5.81×
0.95×
Q2 25
6.64×
0.49×
Q1 25
2.04×
0.68×
Q4 24
1.11×
Q3 24
10.19×
1.83×
Q2 24
8.26×
2.23×
Q1 24
3.88×
2.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

UDR
UDR

Segment breakdown not available.

UI
UI

Enterprise Technology$729.0M89%
Service Provider Technology$85.9M11%

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