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Side-by-side financial comparison of AvalonBay Communities (AVB) and BILL Holdings, Inc. (BILL). Click either name above to swap in a different company.
AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $414.7M, roughly 1.9× BILL Holdings, Inc.). AvalonBay Communities runs the higher net margin — 9040.6% vs -0.6%, a 9041.2% gap on every dollar of revenue. On growth, BILL Holdings, Inc. posted the faster year-over-year revenue change (14.4% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $103.8M). Over the past eight quarters, BILL Holdings, Inc.'s revenue compounded faster (13.3% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
BILL Holdings, Inc. is an American company based in San Jose, California, that provides automated, cloud-based software for financial operations for small businesses in the United States. A white-labeled, end-to-end payments automation platform, Bill.com Connect is offered to financial institutions as part of their single sign-on online business banking ecosystem.
AVB vs BILL — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $414.7M |
| Net Profit | $166.0M | $-2.6M |
| Gross Margin | — | 79.8% |
| Operating Margin | 64.2% | -4.4% |
| Net Margin | 9040.6% | -0.6% |
| Revenue YoY | 3.7% | 14.4% |
| Net Profit YoY | -41.2% | -107.7% |
| EPS (diluted) | $1.18 | $-0.03 |
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 | $414.7M | ||
| Q3 25 | $766.8M | $395.7M | ||
| Q2 25 | $760.2M | $383.3M | ||
| Q1 25 | $745.9M | $358.2M | ||
| Q4 24 | $740.5M | $362.6M | ||
| Q3 24 | $734.3M | $358.4M | ||
| Q2 24 | $726.0M | $343.7M | ||
| Q1 24 | $712.9M | $323.0M |
| Q4 25 | $166.0M | $-2.6M | ||
| Q3 25 | $381.3M | $-3.0M | ||
| Q2 25 | $268.7M | $-7.1M | ||
| Q1 25 | $236.6M | $-11.6M | ||
| Q4 24 | $282.1M | $33.5M | ||
| Q3 24 | $372.5M | $8.9M | ||
| Q2 24 | $253.9M | $7.6M | ||
| Q1 24 | $173.4M | $31.8M |
| Q4 25 | — | 79.8% | ||
| Q3 25 | — | 80.5% | ||
| Q2 25 | — | 80.8% | ||
| Q1 25 | — | 81.2% | ||
| Q4 24 | — | 81.6% | ||
| Q3 24 | — | 82.0% | ||
| Q2 24 | — | 81.0% | ||
| Q1 24 | — | 83.0% |
| Q4 25 | 64.2% | -4.4% | ||
| Q3 25 | 65.7% | -5.2% | ||
| Q2 25 | 67.6% | -5.8% | ||
| Q1 25 | 68.5% | -8.1% | ||
| Q4 24 | 63.1% | -6.0% | ||
| Q3 24 | 65.4% | -2.1% | ||
| Q2 24 | 66.6% | -6.5% | ||
| Q1 24 | 67.2% | -8.6% |
| Q4 25 | 9040.6% | -0.6% | ||
| Q3 25 | 49.7% | -0.7% | ||
| Q2 25 | 35.3% | -1.8% | ||
| Q1 25 | 31.7% | -3.2% | ||
| Q4 24 | 38.1% | 9.3% | ||
| Q3 24 | 50.7% | 2.5% | ||
| Q2 24 | 35.0% | 2.2% | ||
| Q1 24 | 24.3% | 9.8% |
| Q4 25 | $1.18 | $-0.03 | ||
| Q3 25 | $2.68 | $-0.03 | ||
| Q2 25 | $1.88 | $0.02 | ||
| Q1 25 | $1.66 | $-0.11 | ||
| Q4 24 | $1.99 | $-0.06 | ||
| Q3 24 | $2.61 | $0.08 | ||
| Q2 24 | $1.78 | $0.37 | ||
| Q1 24 | $1.22 | $0.00 |
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 | $1.1B |
| Total DebtLower is stronger | $9.3B | $1.8B |
| Stockholders' EquityBook value | $11.6B | $3.8B |
| Total Assets | $22.2B | $10.1B |
| Debt / EquityLower = less leverage | 0.80× | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $1.1B | ||
| Q3 25 | $123.3M | $1.1B | ||
| Q2 25 | $102.8M | $1.0B | ||
| Q1 25 | $53.3M | $1.0B | ||
| Q4 24 | $108.6M | $1.6B | ||
| Q3 24 | $552.4M | $853.5M | ||
| Q2 24 | $545.8M | $985.9M | ||
| Q1 24 | $287.9M | $952.5M |
| Q4 25 | $9.3B | $1.8B | ||
| Q3 25 | $8.7B | $1.9B | ||
| Q2 25 | $8.7B | $1.7B | ||
| Q1 25 | $8.3B | $1.7B | ||
| Q4 24 | $8.1B | $1.7B | ||
| Q3 24 | $8.4B | $914.8M | ||
| Q2 24 | $8.4B | $914.0M | ||
| Q1 24 | $8.0B | $1.1B |
| Q4 25 | $11.6B | $3.8B | ||
| Q3 25 | $11.9B | $3.9B | ||
| Q2 25 | $11.9B | $3.9B | ||
| Q1 25 | $11.9B | $3.9B | ||
| Q4 24 | $11.9B | $3.8B | ||
| Q3 24 | $11.9B | $4.0B | ||
| Q2 24 | $11.7B | $4.1B | ||
| Q1 24 | $11.7B | $4.1B |
| Q4 25 | $22.2B | $10.1B | ||
| Q3 25 | $21.9B | $10.2B | ||
| Q2 25 | $21.8B | $10.1B | ||
| Q1 25 | $21.2B | $9.6B | ||
| Q4 24 | $21.0B | $9.7B | ||
| Q3 24 | $21.3B | $9.0B | ||
| Q2 24 | $21.0B | $9.2B | ||
| Q1 24 | $20.6B | $9.1B |
| Q4 25 | 0.80× | 0.48× | ||
| Q3 25 | 0.73× | 0.48× | ||
| Q2 25 | 0.72× | 0.44× | ||
| Q1 25 | 0.70× | 0.43× | ||
| Q4 24 | 0.68× | 0.44× | ||
| Q3 24 | 0.70× | 0.23× | ||
| Q2 24 | 0.71× | 0.22× | ||
| Q1 24 | 0.68× | 0.28× |
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 | $105.3M |
| Free Cash FlowOCF − Capex | $1.4B | $103.8M |
| FCF MarginFCF / Revenue | 183.5% | 25.0% |
| Capex IntensityCapex / Revenue | 34.1% | 0.4% |
| Cash ConversionOCF / Net Profit | 10.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $378.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $105.3M | ||
| Q3 25 | $477.0M | $96.9M | ||
| Q2 25 | $377.8M | $83.8M | ||
| Q1 25 | $415.9M | $99.5M | ||
| Q4 24 | $1.6B | $78.7M | ||
| Q3 24 | $486.2M | $88.6M | ||
| Q2 24 | $380.0M | $78.6M | ||
| Q1 24 | $412.9M | $66.8M |
| Q4 25 | $1.4B | $103.8M | ||
| Q3 25 | $402.2M | $95.6M | ||
| Q2 25 | $317.1M | $81.0M | ||
| Q1 25 | $367.5M | $98.4M | ||
| Q4 24 | $1.4B | $78.3M | ||
| Q3 24 | $434.2M | $88.6M | ||
| Q2 24 | $333.0M | $78.4M | ||
| Q1 24 | $375.4M | $66.8M |
| Q4 25 | 183.5% | 25.0% | ||
| Q3 25 | 52.5% | 24.1% | ||
| Q2 25 | 41.7% | 21.1% | ||
| Q1 25 | 49.3% | 27.5% | ||
| Q4 24 | 191.0% | 21.6% | ||
| Q3 24 | 59.1% | 24.7% | ||
| Q2 24 | 45.9% | 22.8% | ||
| Q1 24 | 52.7% | 20.7% |
| Q4 25 | 34.1% | 0.4% | ||
| Q3 25 | 9.8% | 0.3% | ||
| Q2 25 | 8.0% | 0.7% | ||
| Q1 25 | 6.5% | 0.3% | ||
| Q4 24 | 26.1% | 0.1% | ||
| Q3 24 | 7.1% | 0.0% | ||
| Q2 24 | 6.5% | 0.1% | ||
| Q1 24 | 5.3% | 0.0% |
| Q4 25 | 10.07× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 5.70× | 2.35× | ||
| Q3 24 | 1.31× | 9.94× | ||
| Q2 24 | 1.50× | 10.35× | ||
| Q1 24 | 2.38× | 2.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
BILL
| Accounts Payable And Accounts Receivable Solutions | $185.9M | 45% |
| Spend And Expense Interchange Revenue | $166.5M | 40% |
| Interest On Funds Held For Customers | $39.5M | 10% |
| Embedded And Other Solutions | $22.8M | 5% |
