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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and AvalonBay Communities (AVB). Click either name above to swap in a different company.
ADAMAS TRUST, INC. is the larger business by last-quarter revenue ($43.2M vs $1.8M, roughly 23.5× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 124.0%, a 8916.6% gap on every dollar of revenue. On growth, ADAMAS TRUST, INC. posted the faster year-over-year revenue change (61.6% vs 5.5%). Over the past eight quarters, ADAMAS TRUST, INC.'s revenue compounded faster (55.5% CAGR vs 1.1%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
ADAM vs AVB — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $1.8M |
| Net Profit | $53.5M | $166.0M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 124.0% | 9040.6% |
| Revenue YoY | 61.6% | 5.5% |
| Net Profit YoY | 270.5% | -41.2% |
| EPS (diluted) | $0.45 | $1.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $43.2M | $1.8M | ||
| Q3 25 | $36.6M | $1.9M | ||
| Q2 25 | $36.4M | $1.6M | ||
| Q1 25 | $33.1M | $1.7M | ||
| Q4 24 | $26.7M | $1.7M | ||
| Q3 24 | $20.2M | $1.7M | ||
| Q2 24 | $19.0M | $1.8M | ||
| Q1 24 | $17.9M | $1.8M |
| Q4 25 | $53.5M | $166.0M | ||
| Q3 25 | $44.8M | $381.3M | ||
| Q2 25 | $8.5M | $268.7M | ||
| Q1 25 | $42.2M | $236.6M | ||
| Q4 24 | $-31.4M | $282.1M | ||
| Q3 24 | $42.8M | $372.5M | ||
| Q2 24 | $-15.6M | $253.9M | ||
| Q1 24 | $-57.9M | $173.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -119.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -124.7% | — | ||
| Q1 24 | -448.8% | — |
| Q4 25 | 124.0% | 9040.6% | ||
| Q3 25 | 122.5% | 20390.7% | ||
| Q2 25 | 23.4% | 16854.8% | ||
| Q1 25 | 127.4% | 13581.9% | ||
| Q4 24 | -117.5% | 16212.2% | ||
| Q3 24 | 211.7% | 21708.6% | ||
| Q2 24 | -81.9% | 13876.2% | ||
| Q1 24 | -324.1% | 9662.9% |
| Q4 25 | $0.45 | $1.18 | ||
| Q3 25 | $0.36 | $2.68 | ||
| Q2 25 | $-0.04 | $1.88 | ||
| Q1 25 | $0.33 | $1.66 | ||
| Q4 24 | $-0.46 | $1.99 | ||
| Q3 24 | $0.36 | $2.61 | ||
| Q2 24 | $-0.29 | $1.78 | ||
| Q1 24 | $-0.75 | $1.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $210.3M | $187.2M |
| Total DebtLower is stronger | $735.8M | $9.3B |
| Stockholders' EquityBook value | $1.4B | $11.6B |
| Total Assets | $12.6B | $22.2B |
| Debt / EquityLower = less leverage | 0.52× | 0.80× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $187.2M | ||
| Q3 25 | $185.3M | $123.3M | ||
| Q2 25 | $160.4M | $102.8M | ||
| Q1 25 | $177.1M | $53.3M | ||
| Q4 24 | $167.4M | $108.6M | ||
| Q3 24 | $195.1M | $552.4M | ||
| Q2 24 | $235.5M | $545.8M | ||
| Q1 24 | $226.9M | $287.9M |
| Q4 25 | $735.8M | $9.3B | ||
| Q3 25 | $766.6M | $8.7B | ||
| Q2 25 | $653.0M | $8.7B | ||
| Q1 25 | $654.4M | $8.3B | ||
| Q4 24 | $573.2M | $8.1B | ||
| Q3 24 | $699.4M | $8.4B | ||
| Q2 24 | $800.7M | $8.4B | ||
| Q1 24 | $1.0B | $8.0B |
| Q4 25 | $1.4B | $11.6B | ||
| Q3 25 | $1.4B | $11.9B | ||
| Q2 25 | $1.4B | $11.9B | ||
| Q1 25 | $1.4B | $11.9B | ||
| Q4 24 | $1.4B | $11.9B | ||
| Q3 24 | $1.4B | $11.9B | ||
| Q2 24 | $1.4B | $11.7B | ||
| Q1 24 | $1.5B | $11.7B |
| Q4 25 | $12.6B | $22.2B | ||
| Q3 25 | $12.4B | $21.9B | ||
| Q2 25 | $10.6B | $21.8B | ||
| Q1 25 | $10.0B | $21.2B | ||
| Q4 24 | $9.2B | $21.0B | ||
| Q3 24 | $8.9B | $21.3B | ||
| Q2 24 | $8.2B | $21.0B | ||
| Q1 24 | $7.4B | $20.6B |
| Q4 25 | 0.52× | 0.80× | ||
| Q3 25 | 0.55× | 0.73× | ||
| Q2 25 | 0.47× | 0.72× | ||
| Q1 25 | 0.47× | 0.70× | ||
| Q4 24 | 0.41× | 0.68× | ||
| Q3 24 | 0.48× | 0.70× | ||
| Q2 24 | 0.56× | 0.71× | ||
| Q1 24 | 0.67× | 0.68× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $62.1M | $400.4M |
| Free Cash FlowOCF − Capex | — | $322.5M |
| FCF MarginFCF / Revenue | — | 17563.8% |
| Capex IntensityCapex / Revenue | — | 4246.2% |
| Cash ConversionOCF / Net Profit | 1.16× | 2.41× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.1M | $400.4M | ||
| Q3 25 | $6.9M | $477.0M | ||
| Q2 25 | $39.2M | $377.8M | ||
| Q1 25 | $25.8M | $415.9M | ||
| Q4 24 | $29.1M | $328.8M | ||
| Q3 24 | $-922.0K | $486.2M | ||
| Q2 24 | $-993.0K | $380.0M | ||
| Q1 24 | $-13.1M | $412.9M |
| Q4 25 | — | $322.5M | ||
| Q3 25 | — | $402.2M | ||
| Q2 25 | — | $317.1M | ||
| Q1 25 | — | $367.5M | ||
| Q4 24 | $25.7M | $271.9M | ||
| Q3 24 | $-8.6M | $434.2M | ||
| Q2 24 | $-8.6M | $333.0M | ||
| Q1 24 | $-19.1M | $375.4M |
| Q4 25 | — | 17563.8% | ||
| Q3 25 | — | 21507.4% | ||
| Q2 25 | — | 19896.0% | ||
| Q1 25 | — | 21098.3% | ||
| Q4 24 | 96.1% | 15626.2% | ||
| Q3 24 | -42.3% | 25305.2% | ||
| Q2 24 | -44.9% | 18195.7% | ||
| Q1 24 | -107.0% | 20914.5% |
| Q4 25 | — | 4246.2% | ||
| Q3 25 | — | 3998.4% | ||
| Q2 25 | — | 3806.1% | ||
| Q1 25 | — | 2776.7% | ||
| Q4 24 | 12.9% | 3271.1% | ||
| Q3 24 | 37.7% | 3026.3% | ||
| Q2 24 | 39.7% | 2568.9% | ||
| Q1 24 | 33.5% | 2088.6% |
| Q4 25 | 1.16× | 2.41× | ||
| Q3 25 | 0.15× | 1.25× | ||
| Q2 25 | 4.59× | 1.41× | ||
| Q1 25 | 0.61× | 1.76× | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | -0.02× | 1.31× | ||
| Q2 24 | — | 1.50× | ||
| Q1 24 | — | 2.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
AVB
Segment breakdown not available.
