FN2 Earnings Intelligence
Equity Residential financials
Equity Residential (EQR) financial statements and key operating metrics from FN2 Research.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - | - | - |
| - Cash | $123.8 | $53.9 | $50.7 | $62.3 | $55.9 | - | - |
| + Debt | - | - | - | - | - | - | - |
| Enterprise Value | - | - | - | - | - | - | - |
| Revenue | - | - | - | - | - | $3,160.3 | $3,261.7 |
| % Growth | - | - | - | - | - | - | 3.2% |
| Gross Profit | - | - | - | - | - | - | - |
| % Margin | - | - | - | - | - | - | - |
| EBITDA | $2,514.1 | $1,998.2 | $2,049.3 | - | - | - | - |
| % Margin | - | - | - | - | - | - | - |
| Net Income | $1,332.8 | $776.9 | $835.4 | $1,035.8 | $1,120.1 | - | - |
| % Margin | - | - | - | - | - | - | - |
| Diluted EPS | $3.54 | $2.05 | $2.20 | $2.72 | $2.94 | $1.46 | $1.58 |
| % Growth | 44.5% | -42.1% | 7.3% | 23.6% | 8.1% | -50.5% | 8.3% |
| Operating Cash Flow | $1,260.2 | $1,454.8 | $1,532.8 | $1,573.6 | $1,648.8 | - | - |
| CapEx | $151 | $221.1 | - | - | - | - | - |
| Free Cash Flow | $1,109.2 | $1,233.7 | - | - | - | - | - |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 | 12/31/2026 est. | 12/31/2027 est. |
|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | $3,160.3 | $3,261.7 |
| Gross Profit | - | - | - | - | - | - | - |
| EBITDA | $2,514.1 | $1,998.2 | $2,049.3 | - | - | - | - |
| Net Income | $1,332.8 | $776.9 | $835.4 | $1,035.8 | $1,120.1 | - | - |
| Diluted EPS | $3.54 | $2.05 | $2.20 | $2.72 | $2.94 | $1.46 | $1.58 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $123.8 | $53.9 | $50.7 | $62.3 | $55.9 |
| Short-term Debt | - | - | - | - | - |
| Long-term Debt | $8,421.2 | $7,494.2 | $7,464.7 | $8,193.1 | $8,241.2 |
| Total Debt | - | - | - | - | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1,260.2 | $1,454.8 | $1,532.8 | $1,573.6 | $1,648.8 |
| Capital Expenditure | $151 | $221.1 | - | - | - |
| Free Cash Flow | $1,109.2 | $1,233.7 | - | - | - |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 12/31/2021 | 12/31/2022 | 12/31/2023 | 12/31/2024 | 12/31/2025 |
|---|---|---|---|---|---|
| Revenue Growth | - | - | - | - | - |
| Gross Margin | - | - | - | - | - |
| EBITDA Margin | - | - | - | - | - |
| Net Margin | - | - | - | - | - |
| FCF Margin | - | - | - | - | - |
| Diluted EPS Growth | 44.5% | -42.1% | 7.3% | 23.6% | 8.1% |