Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.43B | $2.47B | $2.58B | $2.70B | — | — | — | — | — | — |
| Revenue growth | — | 1.9% | 4.3% | 4.8% | — | — | — | — | — | — |
| Operating income | $856M | $1.00B | $1.11B | $1.36B | $1.32B | $1.68B | $1.12B | $1.16B | — | — |
| Operating margin | 35.3% | 40.6% | 43.2% | 50.2% | — | — | — | — | — | — |
| Net income | $4.29B | $603M | $658M | $970M | $914M | $1.33B | $777M | $835M | $1.04B | $1.12B |
| Net margin | 176.9% | 24.4% | 25.5% | 35.9% | — | — | — | — | — | — |
| EPS (diluted) | $11.68 | $1.63 | $1.77 | $2.60 | $2.45 | $3.54 | $2.05 | $2.20 | $2.72 | $2.94 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.21B | $1.27B | $1.36B | $1.46B | $1.27B | $1.26B | $1.45B | $1.53B | $1.57B | $1.65B |
| Capital expenditures | $5.73M | $1.51M | $4.50M | — | — | — | — | — | — | — |
| Free cash flow | $1.21B | $1.26B | $1.35B | — | — | — | — | — | — | — |
| Share buybacks | $0.00 | — | — | — | — | — | — | $49.1M | $38.5M | $281M |
| Dividends paid | $4.77B | $739M | $782M | $831M | $884M | $900M | $932M | $990M | $1.02B | $1.05B |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $77.2M | $50.6M | $47.4M | $45.8M | $42.6M | $124M | $53.9M | $50.7M | $62.3M | $55.9M |
| Total assets | $20.7B | $20.6B | $20.4B | $21.2B | $20.3B | $21.2B | $20.2B | $20.0B | $20.8B | $20.7B |
| Total liabilities | $9.80B | $9.73B | $9.62B | $10.2B | $9.18B | $9.48B | $8.52B | $8.46B | $9.25B | $9.34B |
| Long-term debt | — | $9.07B | $8.91B | $9.13B | $8.13B | $8.42B | $7.49B | $7.46B | $8.19B | $8.24B |
| Shareholders' equity | $10.2B | $10.2B | $10.2B | $10.3B | $10.5B | $11.0B | $11.2B | $11.1B | $11.0B | $11.0B |
| Retained earnings | $1.54B | $1.40B | $1.26B | $1.39B | $1.40B | $1.83B | $1.66B | $1.44B | $1.41B | $1.19B |
| Shares (wtd avg diluted) | 382M | 383M | 384M | 386M | 386M | 388M | 389M | 391M | 391M | 390M |
Every figure is extracted from EQUITY RESIDENTIAL’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.