ELS Financials Equity Lifestyle Properties Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Oct 30, 2026, 11:15 UTC Overview →

Growth & profitability

Revenue has grown 6.5% per year over the past 5 years.
Net income has grown faster than revenue (10.7% vs 6.5% per year).
Free cash flow has grown 7.8% per year over the past 5 years.

Financial health

Total debt ($3.3B) exceeds cash ($26M); net debt is $3.3B.
Total debt has grown in line with revenue (6.5% vs 6.5% per year).
Total debt is 5.6× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 96.5% of earnings.
The dividend has grown 9.8% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$1.5B	$402M	0.0%	25.6%	22.9%	7.0%	—	$3.3B	$26M
2024	$1.5B	$385M	0.0%	24.9%	22.1%	6.8%	—	$3.2B	$25M
2023	$1.5B	$330M	0.0%	21.5%	23.1%	5.9%	—	$3.5B	$30M
2022	$1.4B	$299M	0.0%	20.4%	20.7%	5.4%	$343M	$3.4B	$22M
2021	$1.3B	$276M	0.0%	20.7%	19.5%	5.2%	$111M	$3.3B	$123M
2020	$1.1B	$241M	0.0%	0.0%	19.6%	5.5%	$208M	$2.4B	$24M
2019	$1.0B	$296M	0.0%	0.0%	23.7%	7.1%	$385M	$2.2B	$29M
2018	$987M	$226M	0.0%	36.0%	20.2%	5.8%	$162M	$2.4B	$69M
2017	$925M	$210M	0.0%	36.4%	20.4%	5.8%	$236M	$2.2B	$36M
2016	$870M	$187M	0.0%	36.2%	18.6%	5.4%	—	$2.1B	$62M
2015	$822M	$151M	0.0%	35.9%	16.3%	4.4%	—	$2.1B	$86M
2014	$777M	$138M	0.0%	35.0%	15.2%	4.0%	—	$2.2B	—
2013	$729M	$126M	0.0%	34.9%	14.1%	3.7%	—	$2.2B	—
2012	$684M	$60M	0.0%	30.2%	7.0%	1.8%	—	$2.3B	—
2011	$577M	$26M	0.0%	30.6%	3.6%	0.8%	—	$2.3B	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$410M	$89M	0.0%	24.6%	5.1%	1.5%	—	—	$24M
Jun '26	$398M	$100M	0.0%	25.0%	5.7%	1.7%	—	—	$36M
Mar '26	$398M	$111M	0.0%	28.3%	6.3%	1.9%	—	—	$39M
Dec '25	$374M	—	0.0%	26.5%	0.0%	0.0%	—	$3.3B	$26M
Sep '25	$393M	$100M	0.0%	24.9%	5.7%	1.7%	—	—	$39M
Jun '25	$377M	$83M	0.0%	22.3%	4.8%	1.5%	—	—	$33M
Mar '25	$387M	$114M	0.0%	28.3%	6.5%	2.0%	—	—	$47M
Dec '24	$372M	—	0.0%	27.2%	0.0%	0.0%	—	$3.2B	$25M
Sep '24	$387M	$87M	0.0%	21.4%	6.1%	1.5%	—	—	$40M
Jun '24	$380M	$82M	0.0%	21.5%	5.7%	1.5%	—	—	$36M
Mar '24	$387M	$115M	0.0%	29.7%	8.0%	2.0%	—	—	$47M
Dec '23	$361M	—	0.0%	23.7%	0.0%	0.0%	—	$3.5B	$30M
Sep '23	$389M	$81M	0.0%	20.8%	5.7%	1.4%	—	—	$60M
Jun '23	$370M	$66M	0.0%	17.6%	4.6%	1.2%	—	—	$28M
Mar '23	$370M	$86M	0.0%	23.9%	6.0%	1.6%	—	—	$31M
Dec '22	$341M	—	0.0%	0.0%	0.0%	0.0%	-$62M	$3.4B	$22M
Sep '22	$381M	$71M	0.0%	0.0%	4.9%	1.3%	$101M	—	$31M
Jun '22	$365M	$65M	0.0%	0.0%	4.5%	1.2%	—	—	$42M
Mar '22	$360M	$87M	0.0%	0.0%	6.0%	1.7%	—	—	$38M
Dec '21	$335M	—	0.0%	0.0%	0.0%	0.0%	-$257M	$3.3B	$123M

Valuation over time

How the market has priced ELS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 43.8× (Mar '23) to 30.3× (Nov '26).
The price-to-sales ratio has fallen from 9.0× (Mar '23) to 8.0× (Nov '26).
The dividend yield has risen from 2.3% (Mar '23) to 3.2% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is ELS growing its revenue and profit?

Over the past 5 years, Equity Lifestyle Properties Inc's revenue has grown 6.5% per year, and net income grown 10.7% per year. These are computed facts, not advice.

How much debt does ELS have?

As of FY2025, Equity Lifestyle Properties Inc reported $3.3B of total debt against $26M of cash.

What is ELS's profit margin?

In FY2025, gross margin was —, operating margin 25.6%, and net margin 26.3%.

What is ELS's P/E ratio?

Equity Lifestyle Properties Inc's P/E (TTM) is 30.28 as of the 2026-11-04 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ELS stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 30.3× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.