Equity Residential's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Equity Residential (EQR) 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 Residential vs Its Competitors
- TTM: Trailing 12-month revenue of 3,031M vs 387,278M combined for its competitors (0.8% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-9.4% annualized vs trailing 12 months), vs decelerating (-2.7%) for its tracked peer group.
- Growth: Equity Residential generated -10.7% revenue growth year over year in Q2 2026, vs 6.0% for its competitors combined.
- Profitability: Its 17.2% net margin compares with 19.4% for the peer group.
- Peer revenue share: Equity Residential accounted for 0.7% of combined revenue among its tracked peer group, down from 0.9% a year earlier.
- Peer differentiation: Revenue per employee of $1.89M compares with $0.95M for the peer group (2.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
EQR Sales vs. its Competitors, Q2 2026
Equity Residential reported revenue contraction of 10.69 % year on year in Q2 2026, below its competitors' combined revenue growth of 6.04 %.
With a net margin of 17.15 %, Equity Residential reported lower profitability than its competitors (19.40 %).
Equity Residential generated 0.72 % of the combined sales of its peer group, down from 0.86 % a year earlier.
API endpoints for this dataset
Equity Residential vs. its Competitors, Q2 2026
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 Equity Residential reports; 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 Residential and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Equity Residential | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (4) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Equity Residential's competitor groups requires a Commercial License.
For context: the Real Estate Investment Trusts industry grew revenue -1.0% year over year, combined, vs -10.7% for Equity Residential. Equity Residential's share of combined industry revenue moved from 1.02% to 0.92%, a loss of 0.10 percentage points.
Equity Residential's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Equity Residential | Yes | No | No | No |
| Competitors combined (113) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 87.50 % (7 of 8) | 75.00 % (6 of 8) | 0.00 % (0 of 8) |
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.
EQR Stock Performance relative to its Competitors
EQR 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 | Forge Global Holdings Inc | 282.9% | Outperformed |
| 2 | Brookline Bancorp inc | 282.9% | Outperformed |
| 3 | Mr Cooper Group Inc | 282.9% | Outperformed |
| 4 | Peakstone Realty Trust | 282.9% | Outperformed |
| 5 | Capital Bancorp Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Equity Residential's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Equity Residential's Comment on Competition and Industry Peers
Publicly Traded Peers of Equity Residential
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Equity Residential |
24,437.67 | 3,030.82 |
 Bank Of America Corporation |
365,082.21 | 122,968.00 |
 Chubb Limited |
143,417.19 | 60,822.00 |
 Prologis Inc |
125,051.76 | 9,189.77 |
 American Tower Corporation |
88,028.26 | 11,009.50 |
 Simon Property Group inc |
75,719.26 | 6,648.59 |
| SUBTOTAL | 1,394,830.57 | 474,581.74 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Equity Residential versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Equity Residential's Competitors Named by the Company
Competitive relationships identified from Equity Residential reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Equitable Financial Life Insurance Company | Company report | 85% |
| Evercore Inc | Company report | 85% |
| The Baldwin Insurance Group Inc | Company report | 85% |
| Equity Residential | Company report | 85% |
| American Tower Corporation | Company report | 85% |
| Fg Nexus Inc | Company report | 85% |
| Commerce Bancshares Inc | Company report | 85% |
| Alexandria Real Estate Equities Inc | Company report | 85% |
| Firstsun Capital Bancorp | Company report | 85% |
| Cf Acquisition Corp Vii | Company report | 85% |
| Alphatime Acquisition Corp | Company report | 85% |
| Columbia Banking System Inc | Company report | 85% |
| Citizens Community Bancorp Inc | Company report | 85% |
| Blockchain Coinvestors Acquisition Corp I | Company report | 85% |
| Acri Capital Acquisition Corp | Company report | 85% |
| Fold Holdings Inc | Company report | 85% |
| Braemar Hotels and Resorts Inc | Company report | 85% |
| Assured Guaranty ltd | Company report | 85% |
| Empire State Realty Trust Inc | Company report | 85% |
| Brt Apartments Corp | Company report | 85% |
| Equity Residential | Company report | 85% |
| Affiliated Managers Group inc | Company report | 85% |
| First Community Bankshares Inc | Company report | 85% |
| Chubb Limited | Company report | 85% |
| Ap Acquisition Corp | Company report | 85% |
| First Northwest Bancorp | Company report | 85% |
| Cnb Financial Corp | Company report | 85% |
| Athene Holding Ltd | Company report | 85% |
| Climaterock | Company report | 85% |
| Corebridge Financial Inc | Company report | 85% |
| Bank Of America Corporation | Company report | 85% |
| Alliancebernstein Holding L p | Company report | 85% |
| Dt Cloud Acquisition Corporation | Company report | 85% |
| Battery Future Acquisition Corp | Company report | 85% |
| Ault Disruptive Technologies Corporation | Company report | 85% |
| Empire State Realty Op L p | Company report | 85% |
| Brookline Bancorp inc | Company report | 85% |
| Ai Transportation Acquisition Corp | Company report | 85% |
| East West Bancorp inc | Company report | 85% |
| Bynordic Acquisition Corporation | Company report | 85% |
| Alti Global Inc | Company report | 85% |
| Aon Plc | Company report | 85% |
| Federated Hermes Inc | Company report | 85% |
| Coastal Financial Corporation | Company report | 85% |
| Arrow Financial Corporation | Company report | 85% |
| First Trinity Financial Corporation | Company report | 85% |
| Citizens Financial Group Inc | Company report | 85% |
| Equity Residential | Company report | 85% |
| Kodiak Ai Inc | Company report | 85% |
| Mr Cooper Group Inc | Company report | 85% |
| Healthpeak Properties Inc | Company report | 85% |
| Franklin Resources Inc | Company report | 85% |
| Ace Global Business Acquisition Limited | Company report | 85% |
| Equity Residential | Company report | 85% |
| Broad Capital Acquisition Corp | Company report | 85% |
| American Healthcare Reit Inc | Company report | 85% |
| Essex Property Trust Inc | Company report | 85% |
| Brixmor Property Group Inc | Company report | 85% |
| Alchemy Investments Acquisition Corp 1 | Company report | 85% |
| American Homes 4 Rent | Company report | 85% |
| Four Corners Property Trust Inc | Company report | 85% |
| Capital Bancorp Inc | Company report | 85% |
| Alpha Partners Technology Merger Corp | Company report | 85% |
| Forge Global Holdings Inc | Company report | 85% |
| Cetus Capital Acquisition Corp | Company report | 85% |
| Ames National Corporation | Company report | 85% |
| Creative Media and Community Trust Corporation | Company report | 85% |
| Caretrust Reit Inc | Company report | 85% |
| Graniteshares Gold Trust | Company report | 85% |
| Arbor Realty Trust Inc | Company report | 85% |
| Embrace Change Acquisition Corp | Company report | 85% |
| Brighthouse Financial Inc | Company report | 85% |
| Aimei Health Technology Co Ltd | Company report | 85% |
| Esh Acquisition Corp | Company report | 85% |
| Brightspire Capital Inc | Company report | 85% |
| Assurant Inc | Company report | 85% |
| Ford Motor Credit Company Llc | Company report | 85% |
| Camden National Corp | Company report | 85% |
| Alexanders Inc | Company report | 85% |
| Artisan Partners Asset Management Inc | Company report | 85% |
| First Of Long Island Corp | Company report | 85% |
| Crown Castle Inc | Company report | 85% |
| Athena Technology Acquisition Corp Ii | Company report | 85% |
| Fvcbankcorp Inc | Company report | 85% |
| Columbia Financial Inc | Company report | 85% |
| American Assets Trust Inc | Company report | 85% |
| Corenergy Infrastructure Trust Inc | Company report | 85% |
| Doma Holdings Inc | Company report | 85% |
| Beneficient | Company report | 85% |
| Agree Realty Corporation | Company report | 85% |
| Equitable Holdings Inc | Company report | 85% |
| Bridge Investment Group Holdings Inc | Company report | 85% |
| Aimfinity Investment Corp I | Company report | 85% |
| Invitation Homes Inc | Company report | 85% |
| Camden Property Trust | Company report | 85% |
| Mid america Apartment Communities Inc | Company report | 85% |
| Udr Inc | Company report | 85% |
| Avalonbay Communities inc | Company report | 85% |
| Centerspace | Company report | 85% |
| Apartment Income Reit Corp | Company report | 85% |
| Bxp Inc | Company report | 85% |
| Veris Residential Inc | Company report | 85% |
| New England Realty Associates Limited Partnership | Company report | 85% |
| Elme Communities | Company report | 85% |
| Apartment Investment And Management Company | Company report | 85% |
| Clipper Realty Inc | Company report | 85% |
| Douglas Emmett Inc | Company report | 85% |
| Nexpoint Residential Trust Inc | Company report | 85% |
| Northview Acquisition Corp | Company report | 85% |
Company report basis, confidence, active dates and source counts for Equity Residential's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Equity Residential'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 |
|---|---|
| Chubb Limited | Segment Insurance North American Commercial P&C 31.46 % |
| Prologis Inc | Real Estate Operations Segment 93.21 % |
| American Tower Corporation | Property 98.15 % |
| Aon Plc | Risk Capital 65.40 % |
| Citizens Financial Group Inc | Consumer Banking 73.64 % |
Source: operating segment revenue as reported in each company's reports (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).
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Equity Residential'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 Residential | 24,438 | 1,894,260 | 562,004 |
| Bank Of America Corporation | 365,082 | 577,315 | 150,793 |
| Chubb Limited | 143,417 | 1,351,600 | 258,356 |
| Prologis Inc | 125,052 | 3,279,717 | 1,574,047 |
| American Tower Corporation | 88,028 | 2,262,536 | 695,356 |
| Simon Property Group inc | 75,719 | 1,846,829 | 1,515,221 |
| PEERS TOTAL | 1,370,393 | 947,363 | 178,888 |
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Equity Residential's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Aon Plc | Europe, Middle East, and Africa, Other Than United Kingdom and Ireland 14.78 % |
| Franklin Resources Inc | United States 72.53 % |
| American Healthcare Reit Inc | US 99.66 % |
| Federated Hermes Inc | United States 89.02 % |
| Forge Global Holdings Inc | Non-US 10.35 % |
Source: revenue geography as reported in each company's reports (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 Residential's Position in Industry Market Structure
Market-capitalization share and concentration across all 181 companies in Equity Residential's industry classification, broader than the peer set above. Market cap in millions of $.Equity Residential ranks #0 of 181 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 414, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Welltower Inc | 182,533 | 11.96 % |
| 2 | Prologis Inc | 125,052 | 8.19 % |
| 3 | Equinix Inc | 104,539 | 6.85 % |
| 4 | American Tower Corporation | 88,124 | 5.77 % |
| 5 | Simon Property Group inc | 1,234 | 5.2% |
| 6 | Digital Realty Trust Inc | 1,234 | 5.2% |
| 7 | Public Storage | 1,234 | 5.2% |
| 8 | Realty Income Corporation | 1,234 | 5.2% |
| 9 | Ventas inc | 1,234 | 5.2% |
| 10 | Crown Castle Inc | 1,234 | 5.2% |
| 0 | Equity Residential | 24,516 | 0.00 % |
Market cap and industry share for the rest of Equity Residential's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-08-21.
Equity Residential'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 (283 companies). See the full Real Estate Investment Trusts industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 80.97 % | 41.74 % (avg) | +39.2 pp |
| Operating Margin | 37.29 % | industry median | +10.2 pp |
| EBITDA Margin | 59.27 % | 38.63 % (avg) | +20.6 pp |
| Capital Intensity (Capex / Revenue) | 22.97 % | 28.42 % (avg) | -5.4 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 Residential's Valuation vs Competitive Position
Valuation multiples vs the Real Estate Investment Trusts industry average (283 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 | 28.2x | 30.1x | -2.0x |
| EV / EBITDA | 16.4x | 17.5x | -1.1x |
| P/B | 2.3x | 1.9x | +0.4x |
| Return on Equity | 8.16 % | industry aggregate | 2.56 % |
| Return on Invested Capital | 3.32 % | 2.09 % (avg) | 1.23 % |
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 Residential's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 4.33 % | 4.76 % | -4.79 % | -4.19 % | 11.01 % | 5.07 % | 3.69 % | 3.82 % |
| Operating Margin | 33.30 % | 50.22 % | 51.25 % | 68.01 % | 40.80 % | 40.38 % | 31.32 % | 30.22 % |
| Return on Invested Capital | 2.80 % | 4.44 % | 4.22 % | 5.36 % | 3.53 % | 3.39 % | 2.71 % | 2.68 % |
| P/E | 38.9x | 32.4x | 24.4x | 25.1x | 30.1x | 26.3x | 27.0x | 20.9x |
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 Residential's Strategic Group Map
Equity Residential is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Equity Residential's trailing-12-month revenue growth of -0.5% and operating margin of 37.3% compares with an average of 2.8% growth and 36.7% margin across its 8 closest peers by combined growth, margin and ROIC -- Equity Residential sits below that peer average on growth and above it on margin.
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 Residential'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 414 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 22.97 % vs industry average 28.42 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Equity Residential's dedicated Suppliers and Customers pages, not here.
Equity Residential's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Equity Residential 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 Residential'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
- Operating margin 10.2 points above the industry median.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-9.4% annualized vs trailing 12 months).
Opportunities
- Trades at a lower P/E than the industry average (28.2x vs 30.1x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-2.7% annualized).
Methodology: see Methodology: SWOT Analysis.
Equity Residential'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 Residential | 0.08 | 0.08 | 0.42 |
| Bank Of America Corporation | 0.10 | 0.52 | 1.27 |
| Chubb Limited | - | 1.58 | 0.22 |
| Prologis Inc | 0.62 | 0.62 | 0.61 |
| American Tower Corporation | 0.20 | 0.34 | 5.53 |
| Simon Property Group inc | 481.01 | 876.45 | 5.95 |
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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 Residential'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 Residential | Q2 2026 | -10.7 % | -40.8 % |
| Bank Of America Corporation | Q3 2026 | +3.2 % | -16.8 % |
| Chubb Limited | Q1 2026 | +10.6 % | +74.8 % |
| Prologis Inc | Q2 2026 | +11.1 % | +70.7 % |
| American Tower Corporation | Q3 2026 | +2.5 % | -14.4 % |
| Simon Property Group inc | Q1 2026 | +19.3 % | +19.0 % |
| PEERS TOTAL | +4.2 % | +15.9 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Equity Residential'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 Residential | Q2 2026 | +4.8 % | -80.8 % |
| Bank Of America Corporation | Q3 2026 | - | - |
| Chubb Limited | Q1 2026 | +45.5 % | - |
| Prologis Inc | Q2 2026 | +717.8 % | +88.4 % |
| American Tower Corporation | Q3 2026 | +10.3 % | -14.6 % |
| Simon Property Group inc | Q1 2026 | +24.8 % | -9.5 % |
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Equity Residential's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Equity Residential | 4.35% | 3.91% | 8.16% |
| Bank Of America Corporation | 0.93% | 1.18% | 10.69% |
| Chubb Limited | 4.31% | 7.30% | 14.91% |
| Prologis Inc | 4.45% | 3.12% | 7.64% |
| American Tower Corporation | 5.36% | 4.51% | 33.40% |
| Simon Property Group inc | 14.83% | 12.17% | 120.40% |
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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 Residential's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Equity Residential | 27.68 | 8.06 |
| Bank Of America Corporation | 12.06 | 2.97 |
| Chubb Limited | 12.84 | 2.36 |
| Prologis Inc | 29.27 | 13.61 |
| American Tower Corporation | 26.66 | 8.00 |
| Simon Property Group inc | 16.20 | 11.39 |
| PEERS AVERAGE | 15.51 | 2.94 |
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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.