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Side-by-side financial comparison of AvalonBay Communities (AVB) and AZZ INC (AZZ). 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× AZZ INC). AvalonBay Communities runs the higher net margin — 9040.6% vs 4.1%, a 9036.4% gap on every dollar of revenue. On growth, AZZ INC posted the faster year-over-year revenue change (9.4% vs 3.7%). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (3.8% CAGR vs -3.5%).

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

AZZ Inc. is a leading global provider of metal protection solutions including hot-dip galvanizing, surface coating services, and specialized electrical and industrial components. It primarily serves the construction, energy, infrastructure, and manufacturing sectors across North America and key international markets.

AVB vs AZZ — Head-to-Head

Bigger by revenue
AVB
AVB
2.0× larger
AVB
$767.9M
$385.1M
AZZ
Growing faster (revenue YoY)
AZZ
AZZ
+5.8% gap
AZZ
9.4%
3.7%
AVB
Higher net margin
AVB
AVB
9036.4% more per $
AVB
9040.6%
4.1%
AZZ
Faster 2-yr revenue CAGR
AVB
AVB
Annualised
AVB
3.8%
-3.5%
AZZ

Income Statement — Q4 FY2025 vs Q4 FY2027

Metric
AVB
AVB
AZZ
AZZ
Revenue
$767.9M
$385.1M
Net Profit
$166.0M
$15.9M
Gross Margin
22.7%
Operating Margin
64.2%
14.8%
Net Margin
9040.6%
4.1%
Revenue YoY
3.7%
9.4%
Net Profit YoY
-41.2%
146.3%
EPS (diluted)
$1.18
$0.53

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
AVB
AVB
AZZ
AZZ
Q4 26
$385.1M
Q4 25
$767.9M
$425.7M
Q3 25
$766.8M
$417.3M
Q2 25
$760.2M
$422.0M
Q1 25
$745.9M
$351.9M
Q4 24
$740.5M
$403.7M
Q3 24
$734.3M
$409.0M
Q2 24
$726.0M
$413.2M
Net Profit
AVB
AVB
AZZ
AZZ
Q4 26
$15.9M
Q4 25
$166.0M
$41.1M
Q3 25
$381.3M
$89.3M
Q2 25
$268.7M
$170.9M
Q1 25
$236.6M
$20.2M
Q4 24
$282.1M
$33.6M
Q3 24
$372.5M
$35.4M
Q2 24
$253.9M
$39.6M
Gross Margin
AVB
AVB
AZZ
AZZ
Q4 26
22.7%
Q4 25
23.9%
Q3 25
24.3%
Q2 25
24.7%
Q1 25
22.4%
Q4 24
24.2%
Q3 24
25.3%
Q2 24
24.8%
Operating Margin
AVB
AVB
AZZ
AZZ
Q4 26
14.8%
Q4 25
64.2%
16.3%
Q3 25
65.7%
16.4%
Q2 25
67.6%
16.5%
Q1 25
68.5%
11.5%
Q4 24
63.1%
14.5%
Q3 24
65.4%
16.5%
Q2 24
66.6%
16.9%
Net Margin
AVB
AVB
AZZ
AZZ
Q4 26
4.1%
Q4 25
9040.6%
9.6%
Q3 25
49.7%
21.4%
Q2 25
35.3%
40.5%
Q1 25
31.7%
5.7%
Q4 24
38.1%
8.3%
Q3 24
50.7%
8.7%
Q2 24
35.0%
9.6%
EPS (diluted)
AVB
AVB
AZZ
AZZ
Q4 26
$0.53
Q4 25
$1.18
$1.36
Q3 25
$2.68
$2.95
Q2 25
$1.88
$5.66
Q1 25
$1.66
$0.87
Q4 24
$1.99
$1.12
Q3 24
$2.61
$1.18
Q2 24
$1.78
$-1.38

Balance Sheet & Financial Strength

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

Metric
AVB
AVB
AZZ
AZZ
Cash + ST InvestmentsLiquidity on hand
$187.2M
Total DebtLower is stronger
$9.3B
Stockholders' EquityBook value
$11.6B
$1.3B
Total Assets
$22.2B
$2.2B
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
AZZ
AZZ
Q4 26
Q4 25
$187.2M
$623.0K
Q3 25
$123.3M
$897.0K
Q2 25
$102.8M
$3.0M
Q1 25
$53.3M
$1.5M
Q4 24
$108.6M
$1.5M
Q3 24
$552.4M
$2.2M
Q2 24
$545.8M
$10.5M
Total Debt
AVB
AVB
AZZ
AZZ
Q4 26
Q4 25
$9.3B
Q3 25
$8.7B
Q2 25
$8.7B
Q1 25
$8.3B
Q4 24
$8.1B
Q3 24
$8.4B
Q2 24
$8.4B
Stockholders' Equity
AVB
AVB
AZZ
AZZ
Q4 26
$1.3B
Q4 25
$11.6B
$1.3B
Q3 25
$11.9B
$1.3B
Q2 25
$11.9B
$1.2B
Q1 25
$11.9B
$1.0B
Q4 24
$11.9B
$1.0B
Q3 24
$11.9B
$999.8M
Q2 24
$11.7B
$967.2M
Total Assets
AVB
AVB
AZZ
AZZ
Q4 26
$2.2B
Q4 25
$22.2B
$2.2B
Q3 25
$21.9B
$2.2B
Q2 25
$21.8B
$2.2B
Q1 25
$21.2B
$2.2B
Q4 24
$21.0B
$2.2B
Q3 24
$21.3B
$2.2B
Q2 24
$21.0B
$2.2B
Debt / Equity
AVB
AVB
AZZ
AZZ
Q4 26
Q4 25
0.80×
Q3 25
0.73×
Q2 25
0.72×
Q1 25
0.70×
Q4 24
0.68×
Q3 24
0.70×
Q2 24
0.71×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVB
AVB
AZZ
AZZ
Operating Cash FlowLast quarter
$1.7B
$525.4M
Free Cash FlowOCF − Capex
$1.4B
FCF MarginFCF / Revenue
183.5%
Capex IntensityCapex / Revenue
34.1%
Cash ConversionOCF / Net Profit
10.07×
32.98×
TTM Free Cash FlowTrailing 4 quarters
$2.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
AZZ
AZZ
Q4 26
$525.4M
Q4 25
$1.7B
$79.7M
Q3 25
$477.0M
$58.4M
Q2 25
$377.8M
$314.8M
Q1 25
$415.9M
Q4 24
$1.6B
$66.2M
Q3 24
$486.2M
$47.5M
Q2 24
$380.0M
$71.9M
Free Cash Flow
AVB
AVB
AZZ
AZZ
Q4 26
Q4 25
$1.4B
$61.2M
Q3 25
$402.2M
$39.1M
Q2 25
$317.1M
$293.9M
Q1 25
$367.5M
Q4 24
$1.4B
$39.7M
Q3 24
$434.2M
$15.4M
Q2 24
$333.0M
$44.5M
FCF Margin
AVB
AVB
AZZ
AZZ
Q4 26
Q4 25
183.5%
14.4%
Q3 25
52.5%
9.4%
Q2 25
41.7%
69.6%
Q1 25
49.3%
Q4 24
191.0%
9.8%
Q3 24
59.1%
3.8%
Q2 24
45.9%
10.8%
Capex Intensity
AVB
AVB
AZZ
AZZ
Q4 26
Q4 25
34.1%
4.4%
Q3 25
9.8%
4.6%
Q2 25
8.0%
5.0%
Q1 25
6.5%
8.5%
Q4 24
26.1%
6.6%
Q3 24
7.1%
7.8%
Q2 24
6.5%
6.6%
Cash Conversion
AVB
AVB
AZZ
AZZ
Q4 26
32.98×
Q4 25
10.07×
1.94×
Q3 25
1.25×
0.65×
Q2 25
1.41×
1.84×
Q1 25
1.76×
Q4 24
5.70×
1.97×
Q3 24
1.31×
1.34×
Q2 24
1.50×
1.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVB
AVB

Segment breakdown not available.

AZZ
AZZ

Precoat Metals$198.6M52%
Metal Coatings$186.5M48%

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