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Equity Residential EQR Operating margin

Operating margin at other companies

INT
Intergroup CorporationINTG
14.4%+3.3pp
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UDRUDR
40.8%+20.9pp
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Elme CommunitiesELME
-57.5%-67.2pp
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New England Realty AssociatesNEN
17.9%-13.9pp
Centerspace logo
CenterspaceCSR
28.5%+21.7pp
AvalonBay Communities logo
AvalonBay CommunitiesAVB
67%+0.9pp

Other financials

Income statement

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Revenue$785.0M+2.1%
Operating income$392.5M+61.9%
Net income$204.2M+6.2%
EPS (diluted)$0.54+8.0%

Balance sheet

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Cash & equivalents$36.4M+16.4%
Total debt$304.6M-0.1%
Total equity$10.5B-4.5%
Total assets$20.3B-3.6%

Cash flow

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Operating cash flow$400.5M-5.9%

Valuation

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Market cap$24.91B+6.4%
P/E25.8×+2.7×
P/S+0.3×

Profitability

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Net margin30.9%-2.4pp
FCF margin51.5%

Returns & leverage

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Return on equity9%-0.2pp
Debt / equity0.0×

Where this comes from

Calculated from Equity Residential’s reported figures.

Based on trailing twelve months.

The source filing: Equity Residential’s 10-K, filed February 13, 2026. Open the filing →

Filed
Feb 13, 2026, 4:20 PM EST
Fiscal year
FY2025
Accession
0001193125-26-051433

FAQ

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 is the long-term trend for Equity Residential's operating margin?
Over 2 years (2021 to 2023), Equity Residential's operating margin has grown at a -22.9% compound annual growth rate (CAGR), from 68% to 40.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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