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Side-by-side financial comparison of AvalonBay Communities (AVB) and TopBuild Corp (BLD). Click either name above to swap in a different company.
TopBuild Corp is the larger business by last-quarter revenue ($1.5B vs $767.9M, roughly 1.9× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 7.0%, a 9033.5% gap on every dollar of revenue. On growth, TopBuild Corp posted the faster year-over-year revenue change (13.2% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $159.4M). Over the past eight quarters, TopBuild Corp's revenue compounded faster (7.8% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
HashiCorp, Inc. is an American software company with a freemium business model based in San Francisco, California. HashiCorp provides tools and products that enable developers, operators and security professionals to provision, secure, run and connect cloud-computing infrastructure. It was founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company name HashiCorp is a portmanteau of co-founder last name Hashimoto and Corporation.
AVB vs BLD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $1.5B |
| Net Profit | $166.0M | $104.5M |
| Gross Margin | — | 27.2% |
| Operating Margin | 64.2% | 12.1% |
| Net Margin | 9040.6% | 7.0% |
| Revenue YoY | 3.7% | 13.2% |
| Net Profit YoY | -41.2% | -30.6% |
| EPS (diluted) | $1.18 | $3.69 |
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 | $1.5B | ||
| Q3 25 | $766.8M | $1.4B | ||
| Q2 25 | $760.2M | $1.3B | ||
| Q1 25 | $745.9M | $1.2B | ||
| Q4 24 | $740.5M | $1.3B | ||
| Q3 24 | $734.3M | $1.4B | ||
| Q2 24 | $726.0M | $1.4B | ||
| Q1 24 | $712.9M | $1.3B |
| Q4 25 | $166.0M | $104.5M | ||
| Q3 25 | $381.3M | $142.2M | ||
| Q2 25 | $268.7M | $151.6M | ||
| Q1 25 | $236.6M | $123.4M | ||
| Q4 24 | $282.1M | $150.5M | ||
| Q3 24 | $372.5M | $169.0M | ||
| Q2 24 | $253.9M | $150.7M | ||
| Q1 24 | $173.4M | $152.4M |
| Q4 25 | — | 27.2% | ||
| Q3 25 | — | 30.1% | ||
| Q2 25 | — | 30.4% | ||
| Q1 25 | — | 28.5% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 30.7% | ||
| Q2 24 | — | 31.0% | ||
| Q1 24 | — | 30.3% |
| Q4 25 | 64.2% | 12.1% | ||
| Q3 25 | 65.7% | 15.4% | ||
| Q2 25 | 67.6% | 16.9% | ||
| Q1 25 | 68.5% | 14.4% | ||
| Q4 24 | 63.1% | 16.6% | ||
| Q3 24 | 65.4% | 17.8% | ||
| Q2 24 | 66.6% | 15.4% | ||
| Q1 24 | 67.2% | 16.8% |
| Q4 25 | 9040.6% | 7.0% | ||
| Q3 25 | 49.7% | 10.2% | ||
| Q2 25 | 35.3% | 11.7% | ||
| Q1 25 | 31.7% | 10.0% | ||
| Q4 24 | 38.1% | 11.5% | ||
| Q3 24 | 50.7% | 12.3% | ||
| Q2 24 | 35.0% | 11.0% | ||
| Q1 24 | 24.3% | 11.9% |
| Q4 25 | $1.18 | $3.69 | ||
| Q3 25 | $2.68 | $5.04 | ||
| Q2 25 | $1.88 | $5.32 | ||
| Q1 25 | $1.66 | $4.23 | ||
| Q4 24 | $1.99 | $5.07 | ||
| Q3 24 | $2.61 | $5.65 | ||
| Q2 24 | $1.78 | $4.78 | ||
| Q1 24 | $1.22 | $4.79 |
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 | $184.7M |
| Total DebtLower is stronger | $9.3B | $2.8B |
| Stockholders' EquityBook value | $11.6B | $2.3B |
| Total Assets | $22.2B | $6.6B |
| Debt / EquityLower = less leverage | 0.80× | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $184.7M | ||
| Q3 25 | $123.3M | $1.1B | ||
| Q2 25 | $102.8M | $842.5M | ||
| Q1 25 | $53.3M | $308.8M | ||
| Q4 24 | $108.6M | $400.3M | ||
| Q3 24 | $552.4M | $257.3M | ||
| Q2 24 | $545.8M | $463.2M | ||
| Q1 24 | $287.9M | $968.8M |
| Q4 25 | $9.3B | $2.8B | ||
| Q3 25 | $8.7B | $2.9B | ||
| Q2 25 | $8.7B | $1.9B | ||
| Q1 25 | $8.3B | $1.4B | ||
| Q4 24 | $8.1B | $1.4B | ||
| Q3 24 | $8.4B | $1.4B | ||
| Q2 24 | $8.4B | $1.4B | ||
| Q1 24 | $8.0B | $1.4B |
| Q4 25 | $11.6B | $2.3B | ||
| Q3 25 | $11.9B | $2.2B | ||
| Q2 25 | $11.9B | $2.1B | ||
| Q1 25 | $11.9B | $2.1B | ||
| Q4 24 | $11.9B | $2.2B | ||
| Q3 24 | $11.9B | $2.1B | ||
| Q2 24 | $11.7B | $2.4B | ||
| Q1 24 | $11.7B | $2.7B |
| Q4 25 | $22.2B | $6.6B | ||
| Q3 25 | $21.9B | $6.4B | ||
| Q2 25 | $21.8B | $5.1B | ||
| Q1 25 | $21.2B | $4.6B | ||
| Q4 24 | $21.0B | $4.7B | ||
| Q3 24 | $21.3B | $4.7B | ||
| Q2 24 | $21.0B | $4.9B | ||
| Q1 24 | $20.6B | $5.3B |
| Q4 25 | 0.80× | 1.23× | ||
| Q3 25 | 0.73× | 1.29× | ||
| Q2 25 | 0.72× | 0.88× | ||
| Q1 25 | 0.70× | 0.65× | ||
| Q4 24 | 0.68× | 0.62× | ||
| Q3 24 | 0.70× | 0.66× | ||
| Q2 24 | 0.71× | 0.59× | ||
| Q1 24 | 0.68× | 0.52× |
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 | $176.7M |
| Free Cash FlowOCF − Capex | $1.4B | $159.4M |
| FCF MarginFCF / Revenue | 183.5% | 10.7% |
| Capex IntensityCapex / Revenue | 34.1% | 1.2% |
| Cash ConversionOCF / Net Profit | 10.07× | 1.69× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $696.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $176.7M | ||
| Q3 25 | $477.0M | $233.3M | ||
| Q2 25 | $377.8M | $193.7M | ||
| Q1 25 | $415.9M | $152.6M | ||
| Q4 24 | $1.6B | $266.2M | ||
| Q3 24 | $486.2M | $240.7M | ||
| Q2 24 | $380.0M | $90.4M | ||
| Q1 24 | $412.9M | $178.8M |
| Q4 25 | $1.4B | $159.4M | ||
| Q3 25 | $402.2M | $216.2M | ||
| Q2 25 | $317.1M | $182.2M | ||
| Q1 25 | $367.5M | $139.2M | ||
| Q4 24 | $1.4B | $253.7M | ||
| Q3 24 | $434.2M | $219.8M | ||
| Q2 24 | $333.0M | $74.3M | ||
| Q1 24 | $375.4M | $158.9M |
| Q4 25 | 183.5% | 10.7% | ||
| Q3 25 | 52.5% | 15.5% | ||
| Q2 25 | 41.7% | 14.0% | ||
| Q1 25 | 49.3% | 11.3% | ||
| Q4 24 | 191.0% | 19.3% | ||
| Q3 24 | 59.1% | 16.0% | ||
| Q2 24 | 45.9% | 5.4% | ||
| Q1 24 | 52.7% | 12.4% |
| Q4 25 | 34.1% | 1.2% | ||
| Q3 25 | 9.8% | 1.2% | ||
| Q2 25 | 8.0% | 0.9% | ||
| Q1 25 | 6.5% | 1.1% | ||
| Q4 24 | 26.1% | 1.0% | ||
| Q3 24 | 7.1% | 1.5% | ||
| Q2 24 | 6.5% | 1.2% | ||
| Q1 24 | 5.3% | 1.6% |
| Q4 25 | 10.07× | 1.69× | ||
| Q3 25 | 1.25× | 1.64× | ||
| Q2 25 | 1.41× | 1.28× | ||
| Q1 25 | 1.76× | 1.24× | ||
| Q4 24 | 5.70× | 1.77× | ||
| Q3 24 | 1.31× | 1.42× | ||
| Q2 24 | 1.50× | 0.60× | ||
| Q1 24 | 2.38× | 1.17× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
BLD
| Distribution Segment | $755.4M | 51% |
| Residential | $557.9M | 38% |
| All Other Products | $91.9M | 6% |
| Glass And Windows | $51.5M | 3% |
| Rain Gutters | $27.1M | 2% |
