Aureus
AExcellent

Equity Residential(EQR)

A

Financial data as of Dec 31, 2024Improving · Real Estate

FCF Margin42.1%Free Cash Flow / Revenue
Cash Conversion151.9%Operating CF / Net Income
Free Cash Flow$1.3B
Revenue$3.0B
Net Cash-$8.4BNet debt position
Debt / FCF6.7xElevated debt burden
Current Ratio0.16Tight short-term liquidity
YoY FCF Growth+16.9%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
-0.5Elevated debt-to-FCF ratio (6.7x)
→
+0.5Healthy FCF margin with manageable debt (42.1%, 6.7x)
→
-1Current ratio below 1.0 (0.16)
→
+1Strong YoY FCF growth (16.9% YoY)
→
+0.5Highly consistent quarterly FCF
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (42.1%)
  • Excellent cash conversion (152%)
  • Highly consistent quarterly FCF
  • FCF trend is improving

Concerns

  • Heavy debt position ($8.4B)
  • High debt-to-FCF ratio (6.7x)
  • Current ratio below 1.0 — tight short-term liquidity

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin42.1%
Net Margin34.8%
Operating CF Margin52.8%
CapEx Ratio10.7%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$8.4BNet debt position
Debt / FCF6.7xElevated debt burden
Current Ratio0.16Tight liquidity
Debt / Equity0.76Low leverage

Quarterly FCF Trend

+16.9% YoYImproving (+16.9%)

Free cash flow per quarter

Sector Comparison — Real Estate

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameEquity Residential
SectorReal Estate
Free Cash Flow$1.3B
Revenue$3.0B
Net Income$1.0B
Operating Cash Flow$1.6B
Capital Expenditure$318.7M
FCF Margin42.1%
Cash Conversion Rate151.9%
Net Margin34.8%
Total Debt$8.4B
Total Cash$62.3M
Net Cash-$8.4B
Current Ratio0.16
Debt / Equity0.76
Debt / FCF6.7x
YoY FCF Growth+16.9%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateDec 31, 2024
GradeA
Data SourceYahoo Finance