Equity LifeStyle Properties, Inc. (ELS) Earnings History
Annual and quarterly earnings data from 1993 to 2025
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ELS EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
ELS Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 37.6% | 33.8% | 25.2% |
| 2024 | 49.4% | 29.0% | 25.6% |
| 2023 | 47.9% | 26.6% | 22.4% |
| 2022 | 46.9% | 25.4% | 20.7% |
| 2021 | 19.9% | 29.1% | 20.0% |
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Equity LifeStyle Properties, Inc. (ELS) Earnings Overview
As of May 6, 2026, Equity LifeStyle Properties, Inc. (ELS) reported trailing twelve-month net income of $387M, reflecting -1.5% year-over-year growth. The company earned $1.93 per diluted share over the past four quarters, with a net profit margin of 25.2%.
Looking at the long-term picture, ELS's 5-year EPS compound annual growth rate (CAGR) stands at +10.3%, showing solid earnings momentum. The company achieved its highest annual net income of $387M in fiscal 2025, representing a new all-time high.
Equity LifeStyle Properties, Inc. maintains industry-leading profitability with a gross margin of 37.6%, operating margin of 33.8%, and net margin of 25.2%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including SUI ($1.55B net income, 59.6% margin), UMH ($22M net income, 10.1% margin), NUVB (-$146M net income, -325.3% margin), ELS has room to improve margins relative to the peer group. Compare ELS vs SUI →
ELS Earnings vs Peers
Earnings metrics vs comparable public companies
ELS Historical Earnings Data (1993–2025)
33 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $387M | +5.3% | $518M | $1.93 | 25.2% | 33.8% |
| 2024 | $367M | +16.8% | $416M | $1.96 | 25.6% | 29.0% |
| 2023 | $314M | +10.4% | $373M | $1.69 | 22.4% | 26.6% |
| 2022 | $285M | +8.4% | $350M | $1.53 | 20.7% | 25.4% |
| 2021 | $262M | +15.0% | $383M | $1.43 | 20.0% | 29.1% |
| 2020 | $228M | -18.2% | $341M | $1.18 | 21.1% | 31.6% |
| 2019 | $279M | +31.3% | $327M | $1.54 | 27.4% | 32.0% |
| 2018 | $213M | +7.6% | $311M | $1.19 | 22.0% | 32.1% |
| 2017 | $198M | +14.0% | $298M | $1.09 | 21.7% | 32.6% |
| 2016 | $173M | +24.3% | $277M | $0.96 | 20.2% | 32.4% |
Full ELS Stock Analysis
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Start ComparisonELS — Frequently Asked Questions
Quick answers to the most common questions about buying ELS stock.
Is ELS growing earnings?
ELS EPS of $1.93 reflects slowing growth at -1.5%, below the 5-year CAGR of +10.3%. TTM net income is $387M. Expansion rate has moderated.
What are ELS's profit margins?
Equity LifeStyle Properties, Inc. net margin is +25.2%, with operating margin at +33.8%. Above-average margins indicate pricing power.
How consistent are ELS's earnings?
ELS earnings data spans 1993-2025. The current earnings trend is -1.5% YoY. Historical data enables comparison across business cycles.