Equity Commonwealth's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Equity Commonwealth (EQC) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Equity Commonwealth vs Its Competitors
- TTM: Trailing 12-month revenue of 61M vs 36,755M combined for tracked competitors (0.2% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+13.9% annualized vs trailing 12 months), vs decelerating (-4.0%) for its tracked peer group.
- Growth: Equity Commonwealth generated 13.8% revenue growth year over year in Q4 2024, vs 9.7% for its tracked competitors combined.
- Profitability: Its 394.7% net margin compares with 21.8% for the peer group.
- Peer revenue share: Equity Commonwealth accounted for 0.2% of combined revenue among its tracked peer group, up from 0.2% a year earlier.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
EQC Sales vs. its Competitors, Q4 2024
Equity Commonwealth reported revenue growth of 13.81 % year on year in Q4 2024, above its competitors' combined revenue growth of 9.74 %.
With a net margin of 394.66 %, Equity Commonwealth achieved higher profitability than its competitors (21.83 %).
Equity Commonwealth generated 0.19 % of the combined sales of its peer group, up from 0.19 % a year earlier.
Equity Commonwealth vs. its Competitors, Q4 2024
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Equity Commonwealth and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Equity Commonwealth | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Equity Commonwealth's competitor groups requires a Commercial License.
For context: the Real Estate Investment Trusts industry grew revenue -0.8% year over year, combined, vs 13.8% for Equity Commonwealth. Equity Commonwealth's share of combined industry revenue moved from 0.02% to 0.02%, a gain of 0.00 percentage points.
Equity Commonwealth's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Equity Commonwealth | Yes | No | No | Yes |
| Competitors combined (11) | ||||
| Similar Growth & Profitability (8) | 37.50 % (3 of 8) | 50.00 % (4 of 8) | 0.00 % (0 of 8) | 50.00 % (3 of 6) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
EQC Stock Performance relative to its Competitors
EQC Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Prologis Inc | 282.9% | Outperformed |
| 2 | Digital Realty Trust Inc | 282.9% | Outperformed |
| 3 | Cousins Properties Inc | 282.9% | Outperformed |
| 4 | Realty Income Corporation | 282.9% | Outperformed |
| 5 | Rexford Industrial Realty Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Equity Commonwealth's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Publicly Traded Peers of Equity Commonwealth
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Equity Commonwealth | 176.33 | 60.52 |
| Prologis Inc | 126,843.32 | 8,948.19 |
| Digital Realty Trust Inc | 62,909.24 | 6,340.23 |
| Realty Income Corporation | 51,621.38 | 6,054.93 |
| Bxp Inc | 10,037.47 | 3,525.68 |
| Avalonbay Communities inc | 9,664.62 | 3,082.70 |
| SUBTOTAL | 296,680.17 | 36,815.44 |
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Sources: Equity Commonwealth's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Equity Commonwealth versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Equity Commonwealth's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Prologis Inc | Real Estate Operations Segment 93.26 % |
| Alexandria Real Estate Equities Inc | Reportable Segment, Aggregation before Other Operating 93.26 % |
| Vornado Realty Trust | New York 82.22 % |
| Kilroy Realty Corporation | Office and Life Science Properties 100.00 % |
| Sl green Realty corp | Real Estate 83.75 % |
Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Equity Commonwealth's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Equity Commonwealth | 176 | - | - |
| Prologis Inc | 126,843 | 3,193,499 | 1,417,057 |
| Digital Realty Trust Inc | 62,909 | 1,730,412 | 377,067 |
| Realty Income Corporation | 51,621 | 11,130,390 | 2,409,482 |
| Bxp Inc | 10,037 | 4,268,383 | 500,507 |
| Avalonbay Communities inc | 9,665 | 1,013,712 | 340,457 |
| PEERS TOTAL | 296,504 | 2,314,250 | 490,359 |
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Equity Commonwealth's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Digital Realty Trust Inc | US 52.29 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Equity Commonwealth's Position in Industry Market Structure
Market-capitalization share and concentration across all 182 companies in Equity Commonwealth's industry classification, broader than the peer set above. Market cap in millions of $.Equity Commonwealth ranks #0 of 182 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 417, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Welltower Inc | 169,817 | 11.86 % |
| 2 | Prologis Inc | 126,843 | 8.86 % |
| 3 | Equinix Inc | 101,124 | 7.07 % |
| 4 | American Tower Corporation | 78,291 | 5.47 % |
| 5 | Simon Property Group inc | 1,234 | 5.2% |
| 6 | Digital Realty Trust Inc | 1,234 | 5.2% |
| 7 | Realty Income Corporation | 1,234 | 5.2% |
| 8 | Public Storage | 1,234 | 5.2% |
| 9 | Ventas inc | 1,234 | 5.2% |
| 10 | Iron Mountain Inc | 1,234 | 5.2% |
| 0 | Equity Commonwealth | 175 | 0.00 % |
Market cap and industry share for the rest of Equity Commonwealth's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2025-04-21.
Equity Commonwealth's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Real Estate Investment Trusts industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (194 companies). See the full Real Estate Investment Trusts industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 100.00 % | 71.22 % (avg) | +28.8 pp |
| Operating Margin | 10.09 % | industry median | -15.7 pp |
| EBITDA Margin | 70.73 % | 37.42 % (avg) | +33.3 pp |
| Capital Intensity (Capex / Revenue) | 0.00 % | 23.97 % (avg) | -24.0 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Equity Commonwealth's Valuation vs Competitive Position
Valuation multiples vs the Real Estate Investment Trusts industry average (194 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Real Estate Investment Trusts industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 2.3x | 33.2x | -30.9x |
| EV / EBITDA | -46.7x | 17.6x | -64.3x |
| P/B | 0.1x | 2.0x | -1.9x |
| Return on Equity | 3.79 % | industry aggregate | 0.05 % |
| Return on Invested Capital | 0.13 % | 1.99 % (avg) | -1.86 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Equity Commonwealth's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -42.50 % | -42.15 % | -35.11 % | -48.16 % | -12.49 % | 8.86 % | -4.14 % | 0.00 % |
| Operating Margin | 12.03 % | 5.86 % | 11.63 % | -22.85 % | -39.84 % | -12.47 % | 10.09 % | 10.09 % |
| Return on Invested Capital | 0.54 % | 0.16 % | 0.21 % | -0.22 % | -0.36 % | -0.13 % | 0.13 % | 0.13 % |
| P/E | 174.2x | 14.4x | 8.3x | 7.6x | - | 99.0x | 25.6x | 2.3x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Equity Commonwealth's Strategic Group Map
Every company in Equity Commonwealth's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Equity Commonwealth is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Equity Commonwealth's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 417 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.00 % vs industry average 23.97 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Equity Commonwealth's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Equity Commonwealth's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Equity Commonwealth's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Equity Commonwealth falls in the Medium attractiveness / High strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Equity Commonwealth's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+13.9% annualized vs trailing 12 months).
Weaknesses
- Operating margin 15.7 points below the industry median.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- A meaningful share of tracked competitors (45.50 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-4.0% annualized).
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Equity Commonwealth's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Equity Commonwealth | 106.91 | 134.00 | - |
| Prologis Inc | 0.60 | 0.60 | 0.61 |
| Digital Realty Trust Inc | 1.31 | 1.92 | 0.07 |
| Realty Income Corporation | 0.30 | 1.20 | 0.06 |
| Bxp Inc | 0.75 | 0.89 | 1.45 |
| Avalonbay Communities inc | 0.21 | 0.44 | 0.25 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Equity Commonwealth's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Equity Commonwealth | Q4 2024 | +13.8 % | +155.5 % |
| Prologis Inc | Q1 2026 | +7.4 % | +63.4 % |
| Digital Realty Trust Inc | Q1 2026 | +16.2 % | +64.3 % |
| Realty Income Corporation | Q2 2026 | +9.7 % | +86.2 % |
| Bxp Inc | Q2 2026 | +3.1 % | -14.0 % |
| Avalonbay Communities inc | Q2 2026 | +2.3 % | -41.9 % |
| PEERS TOTAL | +5.7 % | -18.5 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Equity Commonwealth's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Equity Commonwealth | Q4 2024 | - | - |
| Prologis Inc | Q1 2026 | -83.2 % | -36.5 % |
| Digital Realty Trust Inc | Q1 2026 | - | +10.5 % |
| Realty Income Corporation | Q2 2026 | +10.3 % | +85.4 % |
| Bxp Inc | Q2 2026 | +1.2 % | +13.1 % |
| Avalonbay Communities inc | Q2 2026 | +2.5 % | -31.8 % |
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Equity Commonwealth's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Equity Commonwealth | 3.74% | 3.74% | 3.79% |
| Prologis Inc | 4.04% | 2.58% | 6.90% |
| Digital Realty Trust Inc | 2.82% | 1.95% | 5.88% |
| Realty Income Corporation | 1.78% | 1.77% | 3.23% |
| Bxp Inc | 1.61% | 1.44% | 5.40% |
| Avalonbay Communities inc | 4.68% | 4.57% | 8.64% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Equity Commonwealth's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Equity Commonwealth | 2.15 | 2.91 |
| Prologis Inc | 33.62 | 14.18 |
| Digital Realty Trust Inc | 44.63 | 9.92 |
| Realty Income Corporation | 40.02 | 8.53 |
| Bxp Inc | 33.81 | 2.85 |
| Avalonbay Communities inc | 20.53 | 3.14 |
| PEERS AVERAGE | 37.65 | 8.06 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.