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

UDR, Inc. is the larger business by last-quarter revenue ($425.8M vs $407.2M, roughly 1.0× Zurn Elkay Water Solutions Corp). UDR, Inc. runs the higher net margin — 44.6% vs 10.3%, a 34.2% gap on every dollar of revenue. On growth, Zurn Elkay Water Solutions Corp posted the faster year-over-year revenue change (9.8% vs 0.9%). Over the past eight quarters, Zurn Elkay Water Solutions Corp's revenue compounded faster (4.4% CAGR vs 1.3%).

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.

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.

UDR vs ZWS — Head-to-Head

Bigger by revenue
UDR
UDR
1.0× larger
UDR
$425.8M
$407.2M
ZWS
Growing faster (revenue YoY)
ZWS
ZWS
+8.9% gap
ZWS
9.8%
0.9%
UDR
Higher net margin
UDR
UDR
34.2% more per $
UDR
44.6%
10.3%
ZWS
Faster 2-yr revenue CAGR
ZWS
ZWS
Annualised
ZWS
4.4%
1.3%
UDR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
UDR
UDR
ZWS
ZWS
Revenue
$425.8M
$407.2M
Net Profit
$189.8M
$42.1M
Gross Margin
44.4%
Operating Margin
54.0%
14.8%
Net Margin
44.6%
10.3%
Revenue YoY
0.9%
9.8%
Net Profit YoY
147.2%
15.7%
EPS (diluted)
$0.63
$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
UDR
UDR
ZWS
ZWS
Q1 26
$425.8M
Q4 25
$433.1M
$407.2M
Q3 25
$431.9M
$455.4M
Q2 25
$425.4M
$444.5M
Q1 25
$421.9M
$388.8M
Q4 24
$422.7M
$370.7M
Q3 24
$420.2M
$410.0M
Q2 24
$415.3M
$412.0M
Net Profit
UDR
UDR
ZWS
ZWS
Q1 26
$189.8M
Q4 25
$222.9M
$42.1M
Q3 25
$40.4M
$61.8M
Q2 25
$37.7M
$50.5M
Q1 25
$76.7M
$43.6M
Q4 24
$-5.0M
$36.4M
Q3 24
$22.6M
$43.5M
Q2 24
$28.9M
$46.0M
Gross Margin
UDR
UDR
ZWS
ZWS
Q1 26
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%
Operating Margin
UDR
UDR
ZWS
ZWS
Q1 26
54.0%
Q4 25
64.1%
14.8%
Q3 25
17.7%
17.0%
Q2 25
18.2%
17.5%
Q1 25
29.0%
16.3%
Q4 24
15.7%
13.3%
Q3 24
16.6%
17.1%
Q2 24
16.5%
17.5%
Net Margin
UDR
UDR
ZWS
ZWS
Q1 26
44.6%
Q4 25
51.5%
10.3%
Q3 25
9.4%
13.6%
Q2 25
8.9%
11.4%
Q1 25
18.2%
11.2%
Q4 24
-220.5%
9.8%
Q3 24
5.4%
10.6%
Q2 24
7.0%
11.2%
EPS (diluted)
UDR
UDR
ZWS
ZWS
Q1 26
$0.63
Q4 25
$0.67
$0.24
Q3 25
$0.12
$0.36
Q2 25
$0.11
$0.29
Q1 25
$0.23
$0.26
Q4 24
$-0.01
$0.21
Q3 24
$0.06
$0.25
Q2 24
$0.08
$0.27

Balance Sheet & Financial Strength

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

Metric
UDR
UDR
ZWS
ZWS
Cash + ST InvestmentsLiquidity on hand
$1.3M
$300.5M
Total DebtLower is stronger
$496.5M
Stockholders' EquityBook value
$3.3B
$1.6B
Total Assets
$10.3B
$2.7B
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UDR
UDR
ZWS
ZWS
Q1 26
$1.3M
Q4 25
$1.2M
$300.5M
Q3 25
$1.2M
$260.1M
Q2 25
$1.5M
$201.9M
Q1 25
$1.3M
$144.7M
Q4 24
$1.3M
$198.0M
Q3 24
$2.3M
$187.9M
Q2 24
$2.8M
$162.7M
Total Debt
UDR
UDR
ZWS
ZWS
Q1 26
Q4 25
$5.8B
$496.5M
Q3 25
$5.8B
$496.4M
Q2 25
$5.8B
$495.9M
Q1 25
$5.8B
$495.8M
Q4 24
$5.8B
$495.6M
Q3 24
$5.9B
$495.6M
Q2 24
$5.8B
$495.5M
Stockholders' Equity
UDR
UDR
ZWS
ZWS
Q1 26
$3.3B
Q4 25
$3.3B
$1.6B
Q3 25
$3.3B
$1.6B
Q2 25
$3.3B
$1.6B
Q1 25
$3.3B
$1.5B
Q4 24
$3.4B
$1.6B
Q3 24
$3.5B
$1.6B
Q2 24
$3.7B
$1.6B
Total Assets
UDR
UDR
ZWS
ZWS
Q1 26
$10.3B
Q4 25
$10.6B
$2.7B
Q3 25
$10.6B
$2.7B
Q2 25
$10.6B
$2.7B
Q1 25
$10.7B
$2.6B
Q4 24
$10.9B
$2.6B
Q3 24
$11.1B
$2.7B
Q2 24
$11.1B
$2.7B
Debt / Equity
UDR
UDR
ZWS
ZWS
Q1 26
Q4 25
1.77×
0.31×
Q3 25
1.78×
0.31×
Q2 25
1.74×
0.32×
Q1 25
1.74×
0.32×
Q4 24
1.69×
0.31×
Q3 24
1.67×
0.31×
Q2 24
1.55×
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
UDR
UDR
ZWS
ZWS
Operating Cash FlowLast quarter
$91.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
2.18×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
UDR
UDR
ZWS
ZWS
Q1 26
Q4 25
$902.9M
$91.7M
Q3 25
$234.9M
$101.3M
Q2 25
$250.3M
$110.6M
Q1 25
$156.2M
$42.9M
Q4 24
$876.8M
$63.6M
Q3 24
$230.3M
$90.9M
Q2 24
$238.5M
$85.1M
Free Cash Flow
UDR
UDR
ZWS
ZWS
Q1 26
Q4 25
$650.0M
Q3 25
$164.6M
Q2 25
$190.1M
Q1 25
$103.2M
Q4 24
$627.0M
Q3 24
$161.3M
Q2 24
$171.1M
FCF Margin
UDR
UDR
ZWS
ZWS
Q1 26
Q4 25
150.1%
Q3 25
38.1%
Q2 25
44.7%
Q1 25
24.5%
Q4 24
148.3%
Q3 24
38.4%
Q2 24
41.2%
Capex Intensity
UDR
UDR
ZWS
ZWS
Q1 26
4.9%
Q4 25
58.4%
Q3 25
16.3%
Q2 25
14.2%
Q1 25
12.6%
Q4 24
59.1%
Q3 24
16.4%
Q2 24
16.2%
Cash Conversion
UDR
UDR
ZWS
ZWS
Q1 26
Q4 25
4.05×
2.18×
Q3 25
5.81×
1.64×
Q2 25
6.64×
2.19×
Q1 25
2.04×
0.98×
Q4 24
1.75×
Q3 24
10.19×
2.09×
Q2 24
8.26×
1.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

UDR
UDR

Rental income$423.3M99%
Joint venture management and other fees$2.5M1%

ZWS
ZWS

Segment breakdown not available.

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