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Side-by-side financial comparison of AMN HEALTHCARE SERVICES INC (AMN) and AvalonBay Communities (AVB). Click either name above to swap in a different company.

AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $748.2M, roughly 1.0× AMN HEALTHCARE SERVICES INC). AvalonBay Communities runs the higher net margin — 9040.6% vs -1.0%, a 9041.6% gap on every dollar of revenue. On growth, AvalonBay Communities posted the faster year-over-year revenue change (3.7% vs 1.8%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $67.6M). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (3.8% CAGR vs -4.5%).

AMN Healthcare Services Inc. is a leading US healthcare sector workforce solutions and staffing provider. It offers temporary and permanent placement for nurses, physicians, allied health and other clinical/non-clinical staff, plus workforce management tools and consulting for hospitals, clinics and other medical facilities.

AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.

AMN vs AVB — Head-to-Head

Bigger by revenue
AVB
AVB
1.0× larger
AVB
$767.9M
$748.2M
AMN
Growing faster (revenue YoY)
AVB
AVB
+1.8% gap
AVB
3.7%
1.8%
AMN
Higher net margin
AVB
AVB
9041.6% more per $
AVB
9040.6%
-1.0%
AMN
More free cash flow
AVB
AVB
$1.3B more FCF
AVB
$1.4B
$67.6M
AMN
Faster 2-yr revenue CAGR
AVB
AVB
Annualised
AVB
3.8%
-4.5%
AMN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMN
AMN
AVB
AVB
Revenue
$748.2M
$767.9M
Net Profit
$-7.7M
$166.0M
Gross Margin
26.1%
Operating Margin
1.1%
64.2%
Net Margin
-1.0%
9040.6%
Revenue YoY
1.8%
3.7%
Net Profit YoY
95.9%
-41.2%
EPS (diluted)
$-0.19
$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.

Revenue
AMN
AMN
AVB
AVB
Q4 25
$748.2M
$767.9M
Q3 25
$634.5M
$766.8M
Q2 25
$658.2M
$760.2M
Q1 25
$689.5M
$745.9M
Q4 24
$734.7M
$740.5M
Q3 24
$687.5M
$734.3M
Q2 24
$740.7M
$726.0M
Q1 24
$820.9M
$712.9M
Net Profit
AMN
AMN
AVB
AVB
Q4 25
$-7.7M
$166.0M
Q3 25
$29.3M
$381.3M
Q2 25
$-116.2M
$268.7M
Q1 25
$-1.1M
$236.6M
Q4 24
$-187.5M
$282.1M
Q3 24
$7.0M
$372.5M
Q2 24
$16.2M
$253.9M
Q1 24
$17.3M
$173.4M
Gross Margin
AMN
AMN
AVB
AVB
Q4 25
26.1%
Q3 25
29.1%
Q2 25
29.8%
Q1 25
28.7%
Q4 24
29.8%
Q3 24
31.0%
Q2 24
31.0%
Q1 24
31.4%
Operating Margin
AMN
AMN
AVB
AVB
Q4 25
1.1%
64.2%
Q3 25
7.5%
65.7%
Q2 25
-18.8%
67.6%
Q1 25
1.8%
68.5%
Q4 24
-27.6%
63.1%
Q3 24
3.2%
65.4%
Q2 24
5.1%
66.6%
Q1 24
4.9%
67.2%
Net Margin
AMN
AMN
AVB
AVB
Q4 25
-1.0%
9040.6%
Q3 25
4.6%
49.7%
Q2 25
-17.7%
35.3%
Q1 25
-0.2%
31.7%
Q4 24
-25.5%
38.1%
Q3 24
1.0%
50.7%
Q2 24
2.2%
35.0%
Q1 24
2.1%
24.3%
EPS (diluted)
AMN
AMN
AVB
AVB
Q4 25
$-0.19
$1.18
Q3 25
$0.76
$2.68
Q2 25
$-3.02
$1.88
Q1 25
$-0.03
$1.66
Q4 24
$-4.90
$1.99
Q3 24
$0.18
$2.61
Q2 24
$0.42
$1.78
Q1 24
$0.45
$1.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMN
AMN
AVB
AVB
Cash + ST InvestmentsLiquidity on hand
$34.0M
$187.2M
Total DebtLower is stronger
$767.1M
$9.3B
Stockholders' EquityBook value
$642.1M
$11.6B
Total Assets
$2.1B
$22.2B
Debt / EquityLower = less leverage
1.19×
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMN
AMN
AVB
AVB
Q4 25
$34.0M
$187.2M
Q3 25
$52.6M
$123.3M
Q2 25
$41.5M
$102.8M
Q1 25
$55.8M
$53.3M
Q4 24
$10.6M
$108.6M
Q3 24
$30.6M
$552.4M
Q2 24
$48.0M
$545.8M
Q1 24
$50.6M
$287.9M
Total Debt
AMN
AMN
AVB
AVB
Q4 25
$767.1M
$9.3B
Q3 25
$8.7B
Q2 25
$8.7B
Q1 25
$8.3B
Q4 24
$1.1B
$8.1B
Q3 24
$8.4B
Q2 24
$8.4B
Q1 24
$8.0B
Stockholders' Equity
AMN
AMN
AVB
AVB
Q4 25
$642.1M
$11.6B
Q3 25
$644.4M
$11.9B
Q2 25
$607.6M
$11.9B
Q1 25
$715.1M
$11.9B
Q4 24
$706.6M
$11.9B
Q3 24
$890.7M
$11.9B
Q2 24
$876.9M
$11.7B
Q1 24
$854.2M
$11.7B
Total Assets
AMN
AMN
AVB
AVB
Q4 25
$2.1B
$22.2B
Q3 25
$2.1B
$21.9B
Q2 25
$2.2B
$21.8B
Q1 25
$2.4B
$21.2B
Q4 24
$2.4B
$21.0B
Q3 24
$2.7B
$21.3B
Q2 24
$2.8B
$21.0B
Q1 24
$2.9B
$20.6B
Debt / Equity
AMN
AMN
AVB
AVB
Q4 25
1.19×
0.80×
Q3 25
0.73×
Q2 25
0.72×
Q1 25
0.70×
Q4 24
1.49×
0.68×
Q3 24
0.70×
Q2 24
0.71×
Q1 24
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
AMN
AMN
AVB
AVB
Operating Cash FlowLast quarter
$75.6M
$1.7B
Free Cash FlowOCF − Capex
$67.6M
$1.4B
FCF MarginFCF / Revenue
9.0%
183.5%
Capex IntensityCapex / Revenue
1.1%
34.1%
Cash ConversionOCF / Net Profit
10.07×
TTM Free Cash FlowTrailing 4 quarters
$233.8M
$2.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMN
AMN
AVB
AVB
Q4 25
$75.6M
$1.7B
Q3 25
$22.7M
$477.0M
Q2 25
$78.5M
$377.8M
Q1 25
$92.7M
$415.9M
Q4 24
$72.8M
$1.6B
Q3 24
$66.7M
$486.2M
Q2 24
$99.5M
$380.0M
Q1 24
$81.4M
$412.9M
Free Cash Flow
AMN
AMN
AVB
AVB
Q4 25
$67.6M
$1.4B
Q3 25
$14.8M
$402.2M
Q2 25
$68.7M
$317.1M
Q1 25
$82.7M
$367.5M
Q4 24
$56.6M
$1.4B
Q3 24
$47.4M
$434.2M
Q2 24
$72.2M
$333.0M
Q1 24
$63.2M
$375.4M
FCF Margin
AMN
AMN
AVB
AVB
Q4 25
9.0%
183.5%
Q3 25
2.3%
52.5%
Q2 25
10.4%
41.7%
Q1 25
12.0%
49.3%
Q4 24
7.7%
191.0%
Q3 24
6.9%
59.1%
Q2 24
9.8%
45.9%
Q1 24
7.7%
52.7%
Capex Intensity
AMN
AMN
AVB
AVB
Q4 25
1.1%
34.1%
Q3 25
1.2%
9.8%
Q2 25
1.5%
8.0%
Q1 25
1.4%
6.5%
Q4 24
2.2%
26.1%
Q3 24
2.8%
7.1%
Q2 24
3.7%
6.5%
Q1 24
2.2%
5.3%
Cash Conversion
AMN
AMN
AVB
AVB
Q4 25
10.07×
Q3 25
0.77×
1.25×
Q2 25
1.41×
Q1 25
1.76×
Q4 24
5.70×
Q3 24
9.54×
1.31×
Q2 24
6.13×
1.50×
Q1 24
4.70×
2.38×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMN
AMN

Travel Nurse Staffing$208.3M28%
Allied Staffing$146.9M20%
Labor Disruption Services$124.3M17%
Technology And Workforce Solutions$88.0M12%
Language Services$69.9M9%
Other$29.6M4%
International Nurse Staffing$29.6M4%
Interim Leadership Staffing$24.1M3%
Vendor Management Systems$16.3M2%
Local Staffing$8.6M1%
International Nurse Permanent Placement$2.6M0%

AVB
AVB

Segment breakdown not available.

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