Last 48 quarters of trend data · Real Estate · REIT - Residential
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Equity Residential's quarterly P/E stands at 61.6x, up 130.7% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 33.4% YoY to 17.0x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 22.77 | 61.61 | 15.76 | 21.87 | 33.74 | 26.71 | 16.31 | 48.99 | 38.52 | 20.49 | 19.11 | 32.62 | 44.57 |
| — | +130.7% | -3.4% | -55.4% | -12.4% | +30.3% | -14.7% | +50.2% | -13.6% | -23.5% | -45.6% | +61.1% | +45.7% | |
| P/S Ratio | 8.00 | 7.30 | 7.76 | 8.09 | 8.59 | 9.20 | 9.15 | 9.73 | 9.22 | 8.43 | 8.21 | 7.68 | 8.71 |
| — | -20.6% | -15.2% | -16.9% | -6.8% | +9.1% | +11.4% | +26.7% | +5.9% | +4.8% | +3.2% | -18.4% | -14.9% | |
| P/B Ratio | 2.26 | 2.07 | 2.15 | 2.21 | 2.29 | 2.42 | 2.42 | 2.55 | 2.35 | 2.13 | 2.06 | 1.93 | 2.16 |
| — | -14.5% | -11.4% | -13.5% | -2.6% | +13.4% | +17.4% | +32.5% | +9.1% | +9.5% | +8.4% | -14.4% | -11.8% | |
| P/FCF | 19.25 | 14.22 | 21.69 | 16.90 | 24.08 | 19.51 | 25.25 | 22.74 | 21.63 | 17.92 | 23.75 | 16.12 | 23.23 |
| — | -27.1% | -14.1% | -25.6% | +11.3% | +8.9% | +6.3% | +41.1% | -6.9% | +5.4% | +6.8% | -9.4% | -9.6% | |
| EV / EBITDA | 15.68 | 17.02 | 17.27 | 17.64 | 18.65 | 12.76 | 12.24 | 13.50 | 12.79 | 12.14 | 11.39 | 11.12 | 12.36 |
| — | +33.4% | +41.1% | +30.7% | +45.8% | +5.1% | +7.5% | +21.5% | +3.5% | +1.1% | -30.1% | -17.7% | -27.4% | |
| EV / EBIT | 29.78 | 36.73 | 17.54 | 22.49 | 31.36 | 46.47 | 42.87 | 42.28 | 38.25 | 38.17 | 33.28 | 33.31 | 37.41 |
| — | -21.0% | -59.1% | -46.8% | -18.0% | +21.7% | +28.8% | +26.9% | +2.3% | -0.2% | +7.7% | -14.6% | -16.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Equity Residential's operating margin was 27.4% in Q1 2026, down 0.9 pp QoQ and down 31.9 pp YoY. This marks the 6th consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 28.5% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.3% | 61.3% | -1.8% | 63.4% | 63.1% | 61.7% | 63.8% | 63.6% | 63.8% | 61.8% | 65.3% | 64.1% | 64.0% |
| — | -0.6% | -102.8% | -0.3% | -1.1% | -0.2% | -2.3% | -0.8% | -0.2% | +1.5% | -2.4% | +0.1% | -0.6% | |
| Operating Margin | 36.3% | 27.4% | 28.3% | 29.0% | 29.4% | 59.3% | 62.2% | 61.6% | 61.3% | 59.7% | 63.8% | 62.1% | 61.3% |
| — | -53.8% | -54.6% | -53.0% | -52.0% | -0.7% | -2.5% | -0.8% | -0.1% | +1.8% | +84.0% | +4.3% | +35.9% | |
| Net Margin | 36.1% | 11.6% | 48.4% | 36.9% | 25.0% | 33.7% | 54.7% | 19.2% | 24.2% | 40.5% | 42.8% | 23.8% | 19.4% |
| — | -65.8% | -11.4% | +92.7% | +3.5% | -16.7% | +27.6% | -19.5% | +24.6% | +34.6% | +88.5% | -48.7% | -40.5% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.7% | 0.8% | 3.3% | 2.5% | 1.7% | 2.2% | 3.6% | 1.3% | 1.5% | 2.6% | 2.7% | 1.5% | 1.2% |
| — | -63.7% | -8.4% | +100.8% | +8.2% | -13.3% | +35.2% | -16.1% | +28.5% | +40.8% | +97.8% | -46.6% | -38.5% | |
| ROA | 5.4% | 0.4% | 1.8% | 1.4% | 0.9% | 1.2% | 2.0% | 0.7% | 0.9% | 1.5% | 1.6% | 0.9% | 0.7% |
| — | -64.8% | -8.9% | +94.9% | +3.4% | -16.3% | +29.3% | -17.8% | +29.3% | +40.9% | +97.7% | -45.8% | -36.1% | |
| ROIC | 4.2% | 0.8% | 0.8% | 0.8% | 0.9% | 1.7% | 1.8% | 1.8% | 1.8% | 1.7% | 1.8% | 1.7% | 1.7% |
| — | -52.8% | -53.5% | -52.5% | -52.1% | -0.2% | -1.0% | +1.5% | +3.6% | +6.3% | +92.6% | +10.2% | +46.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Equity Residential's Debt/EBITDA ratio is 18.7x — elevated, raising questions about debt serviceability. The current ratio has weakened 85.9% YoY to 0.03x, tightening the short-term liquidity position. Debt/Equity has risen for 5 consecutive quarters, indicating increasing financial leverage that investors should watch closely.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.77 | 0.78 | 0.77 | 0.76 | 0.75 | 0.70 | 0.73 | 0.76 | 0.65 | 0.65 | 0.67 | 0.68 | 0.67 |
| — | +11.5% | +5.8% | +0.3% | +16.0% | +8.2% | +9.4% | +12.6% | -3.1% | -0.6% | +0.6% | +0.6% | -6.9% | |
| Debt / EBITDA | 4.10 | 18.74 | 18.26 | 18.16 | 18.45 | 11.52 | 11.33 | 12.40 | 11.07 | 11.36 | 11.12 | 11.55 | 11.73 |
| — | +62.7% | +61.2% | +46.4% | +66.7% | +1.3% | +1.8% | +7.4% | -5.6% | -6.3% | -33.9% | -7.1% | -24.4% | |
| Current Ratio | 0.05 | 0.03 | 0.05 | 0.15 | 0.11 | 0.18 | 0.16 | 0.10 | 0.23 | 0.29 | 0.17 | 0.13 | 0.20 |
| — | -85.9% | -71.2% | +50.7% | -52.7% | -36.3% | -4.2% | -23.5% | +13.5% | -40.6% | -33.3% | -29.2% | +3.1% | |
| Quick Ratio | 0.05 | 0.03 | 0.05 | 0.15 | 0.11 | 0.18 | 0.16 | 0.10 | 0.23 | 0.29 | 0.17 | 0.13 | 0.20 |
| — | -85.9% | -71.2% | +50.7% | -52.7% | -36.3% | -4.2% | -23.5% | +13.5% | -40.6% | -33.3% | -29.2% | +3.1% | |
| Interest Coverage | 5.58 | 2.69 | 5.78 | 4.71 | 3.71 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorDCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare business quality, growth, and profitability against top sector peers.
Start ComparisonQuick answers to the most common questions about buying EQR stock.
Equity Residential's current P/E is 22.8x. The average P/E over the last 4 quarters is 33.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Equity Residential's current operating margin is 36.3%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Equity Residential's business trajectory between earnings reports.