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Side-by-side financial comparison of AvalonBay Communities (AVB) and Brookfield Asset Management Ltd. (BAM). Click either name above to swap in a different company.
Brookfield Asset Management Ltd. is the larger business by last-quarter revenue ($1.1B vs $767.9M, roughly 1.4× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 56.7%, a 8983.9% gap on every dollar of revenue.
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Brookfield Asset Management Ltd. is a Canadian-American alternative asset manager. The company was founded in December 2022 as a spin-off of the asset management operations of Brookfield Corporation, and manages investments across real estate, infrastructure, renewable energy, private equity, and credit markets globally.
AVB vs BAM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $1.1B |
| Net Profit | $166.0M | $615.0M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | 84.2% |
| Net Margin | 9040.6% | 56.7% |
| Revenue YoY | 3.7% | — |
| Net Profit YoY | -41.2% | — |
| EPS (diluted) | $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 | $767.9M | $1.1B | ||
| Q3 25 | $766.8M | $974.0M | ||
| Q2 25 | $760.2M | $931.0M | ||
| Q1 25 | $745.9M | $954.0M | ||
| Q4 24 | $740.5M | — | ||
| Q3 24 | $734.3M | $873.0M | ||
| Q2 24 | $726.0M | $821.0M | ||
| Q1 24 | $712.9M | $786.0M |
| Q4 25 | $166.0M | $615.0M | ||
| Q3 25 | $381.3M | $692.0M | ||
| Q2 25 | $268.7M | $584.0M | ||
| Q1 25 | $236.6M | $507.0M | ||
| Q4 24 | $282.1M | — | ||
| Q3 24 | $372.5M | $537.0M | ||
| Q2 24 | $253.9M | $124.0M | ||
| Q1 24 | $173.4M | $373.0M |
| Q4 25 | 64.2% | 84.2% | ||
| Q3 25 | 65.7% | 79.1% | ||
| Q2 25 | 67.6% | 70.8% | ||
| Q1 25 | 68.5% | 61.0% | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | 65.4% | 72.5% | ||
| Q2 24 | 66.6% | 80.4% | ||
| Q1 24 | 67.2% | 56.5% |
| Q4 25 | 9040.6% | 56.7% | ||
| Q3 25 | 49.7% | 71.0% | ||
| Q2 25 | 35.3% | 62.7% | ||
| Q1 25 | 31.7% | 53.1% | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 50.7% | 61.5% | ||
| Q2 24 | 35.0% | 15.1% | ||
| Q1 24 | 24.3% | 47.5% |
| Q4 25 | $1.18 | — | ||
| Q3 25 | $2.68 | — | ||
| Q2 25 | $1.88 | — | ||
| Q1 25 | $1.66 | — | ||
| Q4 24 | $1.99 | — | ||
| Q3 24 | $2.61 | — | ||
| Q2 24 | $1.78 | — | ||
| Q1 24 | $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 | $187.2M | $1.6B |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $8.9B |
| Total Assets | $22.2B | $17.0B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $1.6B | ||
| Q3 25 | $123.3M | $1.1B | ||
| Q2 25 | $102.8M | $480.0M | ||
| Q1 25 | $53.3M | $332.0M | ||
| Q4 24 | $108.6M | — | ||
| Q3 24 | $552.4M | — | ||
| Q2 24 | $545.8M | $10.0M | ||
| Q1 24 | $287.9M | — |
| 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 | — | ||
| Q1 24 | $8.0B | — |
| Q4 25 | $11.6B | $8.9B | ||
| Q3 25 | $11.9B | $8.5B | ||
| Q2 25 | $11.9B | $8.5B | ||
| Q1 25 | $11.9B | $8.5B | ||
| Q4 24 | $11.9B | — | ||
| Q3 24 | $11.9B | $9.0B | ||
| Q2 24 | $11.7B | $3.2B | ||
| Q1 24 | $11.7B | $2.2B |
| Q4 25 | $22.2B | $17.0B | ||
| Q3 25 | $21.9B | $16.5B | ||
| Q2 25 | $21.8B | $16.1B | ||
| Q1 25 | $21.2B | $15.0B | ||
| Q4 24 | $21.0B | — | ||
| Q3 24 | $21.3B | — | ||
| Q2 24 | $21.0B | $4.2B | ||
| Q1 24 | $20.6B | — |
| 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× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.7B | $562.0M |
| Free Cash FlowOCF − Capex | $1.4B | — |
| FCF MarginFCF / Revenue | 183.5% | — |
| Capex IntensityCapex / Revenue | 34.1% | — |
| Cash ConversionOCF / Net Profit | 10.07× | 0.91× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $562.0M | ||
| Q3 25 | $477.0M | $745.0M | ||
| Q2 25 | $377.8M | $529.0M | ||
| Q1 25 | $415.9M | $265.0M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $486.2M | $567.0M | ||
| Q2 24 | $380.0M | $159.0M | ||
| Q1 24 | $412.9M | $516.0M |
| Q4 25 | $1.4B | — | ||
| Q3 25 | $402.2M | — | ||
| Q2 25 | $317.1M | — | ||
| Q1 25 | $367.5M | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $434.2M | — | ||
| Q2 24 | $333.0M | — | ||
| Q1 24 | $375.4M | — |
| Q4 25 | 183.5% | — | ||
| Q3 25 | 52.5% | — | ||
| Q2 25 | 41.7% | — | ||
| Q1 25 | 49.3% | — | ||
| Q4 24 | 191.0% | — | ||
| Q3 24 | 59.1% | — | ||
| Q2 24 | 45.9% | — | ||
| Q1 24 | 52.7% | — |
| Q4 25 | 34.1% | — | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 7.1% | — | ||
| Q2 24 | 6.5% | — | ||
| Q1 24 | 5.3% | — |
| Q4 25 | 10.07× | 0.91× | ||
| Q3 25 | 1.25× | 1.08× | ||
| Q2 25 | 1.41× | 0.91× | ||
| Q1 25 | 1.76× | 0.52× | ||
| Q4 24 | 5.70× | — | ||
| Q3 24 | 1.31× | 1.06× | ||
| Q2 24 | 1.50× | 1.28× | ||
| Q1 24 | 2.38× | 1.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
BAM
| Incentive Fees | $452.0M | 42% |
| Infrastruture | $332.0M | 31% |
| Private Equity | $174.0M | 16% |
| Renewable Power And Transition | $66.0M | 6% |
| Other | $47.0M | 4% |
| Management And Advisory Fees | $14.0M | 1% |
