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Side-by-side financial comparison of AvalonBay Communities (AVB) and Bluerock Homes Trust, Inc. (BHM). Click either name above to swap in a different company.
Bluerock Homes Trust, Inc. is the larger business by last-quarter revenue ($18.9M vs $1.8M, roughly 10.3× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs -50.1%, a 9090.7% gap on every dollar of revenue. On growth, Bluerock Homes Trust, Inc. posted the faster year-over-year revenue change (36.9% vs 5.5%). AvalonBay Communities produced more free cash flow last quarter ($322.5M vs $-4.2M). Over the past eight quarters, Bluerock Homes Trust, Inc.'s revenue compounded faster (30.1% CAGR vs 1.1%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Bluerock Homes Trust, Inc. is a U.S.-headquartered real estate investment trust that acquires, owns and operates a portfolio of high-quality single-family rental residential properties. It caters to middle-market renters across high-growth suburban markets, prioritizing regions with strong demographic fundamentals and sustained rental housing demand.
AVB vs BHM — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.8M | $18.9M |
| Net Profit | $166.0M | $-9.5M |
| Gross Margin | — | — |
| Operating Margin | — | -48.8% |
| Net Margin | 9040.6% | -50.1% |
| Revenue YoY | 5.5% | 36.9% |
| Net Profit YoY | -41.2% | -29.9% |
| EPS (diluted) | $1.18 | $-0.75 |
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 | $1.8M | $18.9M | ||
| Q3 25 | $1.9M | $16.6M | ||
| Q2 25 | $1.6M | $16.8M | ||
| Q1 25 | $1.7M | $16.4M | ||
| Q4 24 | $1.7M | $13.8M | ||
| Q3 24 | $1.7M | $12.7M | ||
| Q2 24 | $1.8M | $12.5M | ||
| Q1 24 | $1.8M | $11.2M |
| Q4 25 | $166.0M | $-9.5M | ||
| Q3 25 | $381.3M | $-10.0M | ||
| Q2 25 | $268.7M | $-5.8M | ||
| Q1 25 | $236.6M | $-7.3M | ||
| Q4 24 | $282.1M | $-7.3M | ||
| Q3 24 | $372.5M | $3.5M | ||
| Q2 24 | $253.9M | $-5.2M | ||
| Q1 24 | $173.4M | $-3.2M |
| Q4 25 | — | -48.8% | ||
| Q3 25 | — | -57.6% | ||
| Q2 25 | — | -30.9% | ||
| Q1 25 | — | -42.6% | ||
| Q4 24 | — | -52.8% | ||
| Q3 24 | — | 27.9% | ||
| Q2 24 | — | -41.3% | ||
| Q1 24 | — | -28.4% |
| Q4 25 | 9040.6% | -50.1% | ||
| Q3 25 | 20390.7% | -60.0% | ||
| Q2 25 | 16854.8% | -34.7% | ||
| Q1 25 | 13581.9% | -44.7% | ||
| Q4 24 | 16212.2% | -52.8% | ||
| Q3 24 | 21708.6% | 27.9% | ||
| Q2 24 | 13876.2% | -41.3% | ||
| Q1 24 | 9662.9% | -28.4% |
| Q4 25 | $1.18 | $-0.75 | ||
| Q3 25 | $2.68 | $-0.94 | ||
| Q2 25 | $1.88 | $-0.66 | ||
| Q1 25 | $1.66 | $-0.67 | ||
| Q4 24 | $1.99 | $-0.65 | ||
| Q3 24 | $2.61 | $0.24 | ||
| Q2 24 | $1.78 | $-0.42 | ||
| Q1 24 | $1.22 | $-0.27 |
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 | $169.6M |
| Total DebtLower is stronger | $9.3B | $428.4M |
| Stockholders' EquityBook value | $11.6B | $128.7M |
| Total Assets | $22.2B | $1.2B |
| Debt / EquityLower = less leverage | 0.80× | 3.33× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $169.6M | ||
| Q3 25 | $123.3M | $2.1M | ||
| Q2 25 | $102.8M | $4.2M | ||
| Q1 25 | $53.3M | $3.0M | ||
| Q4 24 | $108.6M | $115.2M | ||
| Q3 24 | $552.4M | $155.1M | ||
| Q2 24 | $545.8M | $116.0M | ||
| Q1 24 | $287.9M | $92.3M |
| Q4 25 | $9.3B | $428.4M | ||
| Q3 25 | $8.7B | $415.9M | ||
| Q2 25 | $8.7B | $338.6M | ||
| Q1 25 | $8.3B | $336.5M | ||
| Q4 24 | $8.1B | $373.8M | ||
| Q3 24 | $8.4B | $122.5M | ||
| Q2 24 | $8.4B | $119.7M | ||
| Q1 24 | $8.0B | $120.2M |
| Q4 25 | $11.6B | $128.7M | ||
| Q3 25 | $11.9B | $131.7M | ||
| Q2 25 | $11.9B | $135.3M | ||
| Q1 25 | $11.9B | $137.1M | ||
| Q4 24 | $11.9B | $139.1M | ||
| Q3 24 | $11.9B | $142.9M | ||
| Q2 24 | $11.7B | $142.5M | ||
| Q1 24 | $11.7B | $144.5M |
| Q4 25 | $22.2B | $1.2B | ||
| Q3 25 | $21.9B | $222.1M | ||
| Q2 25 | $21.8B | $220.3M | ||
| Q1 25 | $21.2B | $186.2M | ||
| Q4 24 | $21.0B | $967.0M | ||
| Q3 24 | $21.3B | $800.8M | ||
| Q2 24 | $21.0B | $756.2M | ||
| Q1 24 | $20.6B | $727.4M |
| Q4 25 | 0.80× | 3.33× | ||
| Q3 25 | 0.73× | 3.16× | ||
| Q2 25 | 0.72× | 2.50× | ||
| Q1 25 | 0.70× | 2.45× | ||
| Q4 24 | 0.68× | 2.69× | ||
| Q3 24 | 0.70× | 0.86× | ||
| Q2 24 | 0.71× | 0.84× | ||
| Q1 24 | 0.68× | 0.83× |
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 | $400.4M | $-491.0K |
| Free Cash FlowOCF − Capex | $322.5M | $-4.2M |
| FCF MarginFCF / Revenue | 17563.8% | -22.1% |
| Capex IntensityCapex / Revenue | 4246.2% | 19.6% |
| Cash ConversionOCF / Net Profit | 2.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | $10.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $400.4M | $-491.0K | ||
| Q3 25 | $477.0M | $13.4M | ||
| Q2 25 | $377.8M | $13.9M | ||
| Q1 25 | $415.9M | $951.0K | ||
| Q4 24 | $328.8M | $5.0M | ||
| Q3 24 | $486.2M | $1.7M | ||
| Q2 24 | $380.0M | $1.3M | ||
| Q1 24 | $412.9M | $1.1M |
| Q4 25 | $322.5M | $-4.2M | ||
| Q3 25 | $402.2M | $8.7M | ||
| Q2 25 | $317.1M | $8.8M | ||
| Q1 25 | $367.5M | $-2.9M | ||
| Q4 24 | $271.9M | $1.6M | ||
| Q3 24 | $434.2M | $-601.0K | ||
| Q2 24 | $333.0M | $-654.0K | ||
| Q1 24 | $375.4M | $-630.0K |
| Q4 25 | 17563.8% | -22.1% | ||
| Q3 25 | 21507.4% | 52.4% | ||
| Q2 25 | 19896.0% | 52.2% | ||
| Q1 25 | 21098.3% | -17.6% | ||
| Q4 24 | 15626.2% | 11.8% | ||
| Q3 24 | 25305.2% | -4.7% | ||
| Q2 24 | 18195.7% | -5.2% | ||
| Q1 24 | 20914.5% | -5.6% |
| Q4 25 | 4246.2% | 19.6% | ||
| Q3 25 | 3998.4% | 28.5% | ||
| Q2 25 | 3806.1% | 30.3% | ||
| Q1 25 | 2776.7% | 23.4% | ||
| Q4 24 | 3271.1% | 24.4% | ||
| Q3 24 | 3026.3% | 18.0% | ||
| Q2 24 | 2568.9% | 15.3% | ||
| Q1 24 | 2088.6% | 15.5% |
| Q4 25 | 2.41× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | 1.31× | 0.47× | ||
| 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
AVB
Segment breakdown not available.
BHM
| Residential Communities Segment | $11.4M | 61% |
| Scattered Single Family Homes Segment | $7.5M | 39% |
