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Side-by-side financial comparison of AvalonBay Communities (AVB) and Axos Financial, Inc. (AX). Click either name above to swap in a different company.
AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $385.1M, roughly 2.0× Axos Financial, Inc.). AvalonBay Communities runs the higher net margin — 9040.6% vs 33.3%, a 9007.2% gap on every dollar of revenue. On growth, Axos Financial, Inc. posted the faster year-over-year revenue change (25.1% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $85.4M). Over the past eight quarters, Axos Financial, Inc.'s revenue compounded faster (14.3% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Axos Financial is an American bank holding company based in Las Vegas, Nevada and is the parent of Axos Bank, a direct bank. It also offers registered investment adviser services and an electronic trading platform.
AVB vs AX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $385.1M |
| Net Profit | $166.0M | $128.4M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | 45.6% |
| Net Margin | 9040.6% | 33.3% |
| Revenue YoY | 3.7% | 25.1% |
| Net Profit YoY | -41.2% | 22.6% |
| EPS (diluted) | $1.18 | $2.22 |
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 | $767.9M | $385.1M | ||
| Q3 25 | $766.8M | $323.4M | ||
| Q2 25 | $760.2M | $321.4M | ||
| Q1 25 | $745.9M | $308.8M | ||
| Q4 24 | $740.5M | $307.9M | ||
| Q3 24 | $734.3M | $320.7M | ||
| Q2 24 | $726.0M | $290.9M | ||
| Q1 24 | $712.9M | $294.8M |
| Q4 25 | $166.0M | $128.4M | ||
| Q3 25 | $381.3M | $112.4M | ||
| Q2 25 | $268.7M | $110.7M | ||
| Q1 25 | $236.6M | $105.2M | ||
| Q4 24 | $282.1M | $104.7M | ||
| Q3 24 | $372.5M | $112.3M | ||
| Q2 24 | $253.9M | $104.9M | ||
| Q1 24 | $173.4M | $110.7M |
| Q4 25 | 64.2% | 45.6% | ||
| Q3 25 | 65.7% | 46.3% | ||
| Q2 25 | 67.6% | 48.5% | ||
| Q1 25 | 68.5% | 47.9% | ||
| Q4 24 | 63.1% | 48.8% | ||
| Q3 24 | 65.4% | 49.6% | ||
| Q2 24 | 66.6% | 49.6% | ||
| Q1 24 | 67.2% | 52.8% |
| Q4 25 | 9040.6% | 33.3% | ||
| Q3 25 | 49.7% | 34.7% | ||
| Q2 25 | 35.3% | 34.4% | ||
| Q1 25 | 31.7% | 34.1% | ||
| Q4 24 | 38.1% | 34.0% | ||
| Q3 24 | 50.7% | 35.0% | ||
| Q2 24 | 35.0% | 36.0% | ||
| Q1 24 | 24.3% | 37.6% |
| Q4 25 | $1.18 | $2.22 | ||
| Q3 25 | $2.68 | $1.94 | ||
| Q2 25 | $1.88 | $1.89 | ||
| Q1 25 | $1.66 | $1.81 | ||
| Q4 24 | $1.99 | $1.80 | ||
| Q3 24 | $2.61 | $1.93 | ||
| Q2 24 | $1.78 | $1.75 | ||
| Q1 24 | $1.22 | $1.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $187.2M | $1.0B |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $2.9B |
| Total Assets | $22.2B | $28.2B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $1.0B | ||
| Q3 25 | $123.3M | $2.6B | ||
| Q2 25 | $102.8M | $1.9B | ||
| Q1 25 | $53.3M | $2.0B | ||
| Q4 24 | $108.6M | $2.4B | ||
| Q3 24 | $552.4M | $2.6B | ||
| Q2 24 | $545.8M | $2.0B | ||
| Q1 24 | $287.9M | $2.1B |
| Q4 25 | $9.3B | — | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.7B | $312.7M | ||
| Q1 25 | $8.3B | $377.4M | ||
| Q4 24 | $8.1B | $358.7M | ||
| Q3 24 | $8.4B | $313.5M | ||
| Q2 24 | $8.4B | $325.7M | ||
| Q1 24 | $8.0B | $330.4M |
| Q4 25 | $11.6B | $2.9B | ||
| Q3 25 | $11.9B | $2.8B | ||
| Q2 25 | $11.9B | $2.7B | ||
| Q1 25 | $11.9B | $2.6B | ||
| Q4 24 | $11.9B | $2.5B | ||
| Q3 24 | $11.9B | $2.4B | ||
| Q2 24 | $11.7B | $2.3B | ||
| Q1 24 | $11.7B | $2.2B |
| Q4 25 | $22.2B | $28.2B | ||
| Q3 25 | $21.9B | $27.4B | ||
| Q2 25 | $21.8B | $24.8B | ||
| Q1 25 | $21.2B | $24.0B | ||
| Q4 24 | $21.0B | $23.7B | ||
| Q3 24 | $21.3B | $23.6B | ||
| Q2 24 | $21.0B | $22.9B | ||
| Q1 24 | $20.6B | $22.6B |
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | 0.12× | ||
| Q1 25 | 0.70× | 0.14× | ||
| Q4 24 | 0.68× | 0.14× | ||
| Q3 24 | 0.70× | 0.13× | ||
| Q2 24 | 0.71× | 0.14× | ||
| Q1 24 | 0.68× | 0.15× |
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 | $1.7B | $104.1M |
| Free Cash FlowOCF − Capex | $1.4B | $85.4M |
| FCF MarginFCF / Revenue | 183.5% | 22.2% |
| Capex IntensityCapex / Revenue | 34.1% | 4.9% |
| Cash ConversionOCF / Net Profit | 10.07× | 0.81× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $695.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $104.1M | ||
| Q3 25 | $477.0M | $118.4M | ||
| Q2 25 | $377.8M | $490.3M | ||
| Q1 25 | $415.9M | $73.7M | ||
| Q4 24 | $1.6B | $162.5M | ||
| Q3 24 | $486.2M | $70.8M | ||
| Q2 24 | $380.0M | $305.5M | ||
| Q1 24 | $412.9M | $115.8M |
| Q4 25 | $1.4B | $85.4M | ||
| Q3 25 | $402.2M | $109.3M | ||
| Q2 25 | $317.1M | $436.1M | ||
| Q1 25 | $367.5M | $65.1M | ||
| Q4 24 | $1.4B | $156.4M | ||
| Q3 24 | $434.2M | $53.0M | ||
| Q2 24 | $333.0M | $269.5M | ||
| Q1 24 | $375.4M | $107.3M |
| Q4 25 | 183.5% | 22.2% | ||
| Q3 25 | 52.5% | 33.8% | ||
| Q2 25 | 41.7% | 135.7% | ||
| Q1 25 | 49.3% | 21.1% | ||
| Q4 24 | 191.0% | 50.8% | ||
| Q3 24 | 59.1% | 16.5% | ||
| Q2 24 | 45.9% | 92.6% | ||
| Q1 24 | 52.7% | 36.4% |
| Q4 25 | 34.1% | 4.9% | ||
| Q3 25 | 9.8% | 2.8% | ||
| Q2 25 | 8.0% | 16.9% | ||
| Q1 25 | 6.5% | 2.8% | ||
| Q4 24 | 26.1% | 2.0% | ||
| Q3 24 | 7.1% | 5.5% | ||
| Q2 24 | 6.5% | 12.4% | ||
| Q1 24 | 5.3% | 2.9% |
| Q4 25 | 10.07× | 0.81× | ||
| Q3 25 | 1.25× | 1.05× | ||
| Q2 25 | 1.41× | 4.43× | ||
| Q1 25 | 1.76× | 0.70× | ||
| Q4 24 | 5.70× | 1.55× | ||
| Q3 24 | 1.31× | 0.63× | ||
| Q2 24 | 1.50× | 2.91× | ||
| Q1 24 | 2.38× | 1.05× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
