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Equity Residential EQR Operating margin

Operating margin at other companies

AvalonBay Communities logo
AvalonBay CommunitiesAVB
67%+0.9pp
New York Mortgage Trust logo
New York Mortgage TrustADAM
29%+23.4pp
Kimco Realty logo
Kimco RealtyKIM
36.9%+4.1pp

Other financials

Income statement

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Revenue$779.8M+2.5%
Net income$90.1M-64.9%
EPS (diluted)$0.24-64.2%

Balance sheet

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Cash & equivalents$34.7M-13.0%
Total equity$10.7B-3.4%
Total assets$20.5B-0.2%

Cash flow

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Operating cash flow$400.5M-5.9%

Valuation

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Market cap$24.22B-17.8%
P/E25.4×-4.2×
P/S7.8×-2.0×

Profitability

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Net margin30.6%-2.5pp

Returns & leverage

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Return on equity8.8%-0.2pp
Debt / equity0.0×

Where this comes from

Calculated from Equity Residential’s reported figures.

Based on trailing twelve months.

The official record: Equity Residential’s 10-K, filed February 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Equity Residential's operating margin?
Equity Residential (EQR) reported operating margin of 40.4% in Q4 2023.
How has Equity Residential's operating margin changed year-over-year?
Equity Residential's operating margin increased by 12.0% year-over-year, from 36.1% to 40.4%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.