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Side-by-side financial comparison of AvalonBay Communities (AVB) and CAL-MAINE FOODS INC (CALM). Click either name above to swap in a different company.

CAL-MAINE FOODS INC is the larger business by last-quarter revenue ($769.5M vs $767.9M, roughly 1.0× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 13.4%, a 9027.2% gap on every dollar of revenue. On growth, AvalonBay Communities posted the faster year-over-year revenue change (3.7% vs -19.4%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $47.9M). Over the past eight quarters, CAL-MAINE FOODS INC's revenue compounded faster (29.4% CAGR vs 3.8%).

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

Cal-Maine Foods, Inc. is an American fresh egg producer based in Ridgeland, Mississippi. As of 2024, it was the largest egg producer in the United States. Its eggs are sold under several different brand names, including Egg-Land's Best, Land O'Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4-Grain. The company was founded in 1957 by Fred R. Adams, Jr., whose family owns a controlling interest in the company, which is publicly traded on the NASDAQ stock exchange.

AVB vs CALM — Head-to-Head

Bigger by revenue
CALM
CALM
1.0× larger
CALM
$769.5M
$767.9M
AVB
Growing faster (revenue YoY)
AVB
AVB
+23.1% gap
AVB
3.7%
-19.4%
CALM
Higher net margin
AVB
AVB
9027.2% more per $
AVB
9040.6%
13.4%
CALM
More free cash flow
AVB
AVB
$1.4B more FCF
AVB
$1.4B
$47.9M
CALM
Faster 2-yr revenue CAGR
CALM
CALM
Annualised
CALM
29.4%
3.8%
AVB

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
AVB
AVB
CALM
CALM
Revenue
$767.9M
$769.5M
Net Profit
$166.0M
$102.8M
Gross Margin
27.0%
Operating Margin
64.2%
16.1%
Net Margin
9040.6%
13.4%
Revenue YoY
3.7%
-19.4%
Net Profit YoY
-41.2%
-53.1%
EPS (diluted)
$1.18
$2.13

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
CALM
CALM
Q4 25
$767.9M
$769.5M
Q3 25
$766.8M
$922.6M
Q2 25
$760.2M
Q1 25
$745.9M
$1.4B
Q4 24
$740.5M
$954.7M
Q3 24
$734.3M
$785.9M
Q2 24
$726.0M
Q1 24
$712.9M
$703.1M
Net Profit
AVB
AVB
CALM
CALM
Q4 25
$166.0M
$102.8M
Q3 25
$381.3M
$199.3M
Q2 25
$268.7M
Q1 25
$236.6M
$508.5M
Q4 24
$282.1M
$219.1M
Q3 24
$372.5M
$150.0M
Q2 24
$253.9M
Q1 24
$173.4M
$146.7M
Gross Margin
AVB
AVB
CALM
CALM
Q4 25
27.0%
Q3 25
33.7%
Q2 25
Q1 25
50.5%
Q4 24
37.3%
Q3 24
31.5%
Q2 24
Q1 24
31.1%
Operating Margin
AVB
AVB
CALM
CALM
Q4 25
64.2%
16.1%
Q3 25
65.7%
27.0%
Q2 25
67.6%
Q1 25
68.5%
44.8%
Q4 24
63.1%
29.1%
Q3 24
65.4%
23.8%
Q2 24
66.6%
Q1 24
67.2%
23.2%
Net Margin
AVB
AVB
CALM
CALM
Q4 25
9040.6%
13.4%
Q3 25
49.7%
21.6%
Q2 25
35.3%
Q1 25
31.7%
35.9%
Q4 24
38.1%
22.9%
Q3 24
50.7%
19.1%
Q2 24
35.0%
Q1 24
24.3%
20.9%
EPS (diluted)
AVB
AVB
CALM
CALM
Q4 25
$1.18
$2.13
Q3 25
$2.68
$4.12
Q2 25
$1.88
Q1 25
$1.66
$10.38
Q4 24
$1.99
$4.47
Q3 24
$2.61
$3.06
Q2 24
$1.78
Q1 24
$1.22
$3.00

Balance Sheet & Financial Strength

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

Metric
AVB
AVB
CALM
CALM
Cash + ST InvestmentsLiquidity on hand
$187.2M
$369.4M
Total DebtLower is stronger
$9.3B
Stockholders' EquityBook value
$11.6B
$2.7B
Total Assets
$22.2B
$3.1B
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
CALM
CALM
Q4 25
$187.2M
$369.4M
Q3 25
$123.3M
$251.9M
Q2 25
$102.8M
Q1 25
$53.3M
$497.2M
Q4 24
$108.6M
$140.3M
Q3 24
$552.4M
$181.7M
Q2 24
$545.8M
Q1 24
$287.9M
$367.1M
Total Debt
AVB
AVB
CALM
CALM
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
Stockholders' Equity
AVB
AVB
CALM
CALM
Q4 25
$11.6B
$2.7B
Q3 25
$11.9B
$2.7B
Q2 25
$11.9B
Q1 25
$11.9B
$2.4B
Q4 24
$11.9B
$2.0B
Q3 24
$11.9B
$1.9B
Q2 24
$11.7B
Q1 24
$11.7B
$1.7B
Total Assets
AVB
AVB
CALM
CALM
Q4 25
$22.2B
$3.1B
Q3 25
$21.9B
$3.2B
Q2 25
$21.8B
Q1 25
$21.2B
$3.1B
Q4 24
$21.0B
$2.5B
Q3 24
$21.3B
$2.4B
Q2 24
$21.0B
Q1 24
$20.6B
$2.1B
Debt / Equity
AVB
AVB
CALM
CALM
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
AVB
AVB
CALM
CALM
Operating Cash FlowLast quarter
$1.7B
$94.8M
Free Cash FlowOCF − Capex
$1.4B
$47.9M
FCF MarginFCF / Revenue
183.5%
6.2%
Capex IntensityCapex / Revenue
34.1%
6.1%
Cash ConversionOCF / Net Profit
10.07×
0.92×
TTM Free Cash FlowTrailing 4 quarters
$2.5B
$895.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
CALM
CALM
Q4 25
$1.7B
$94.8M
Q3 25
$477.0M
$278.6M
Q2 25
$377.8M
Q1 25
$415.9M
$571.6M
Q4 24
$1.6B
$122.7M
Q3 24
$486.2M
$117.5M
Q2 24
$380.0M
Q1 24
$412.9M
$164.0M
Free Cash Flow
AVB
AVB
CALM
CALM
Q4 25
$1.4B
$47.9M
Q3 25
$402.2M
$233.3M
Q2 25
$317.1M
Q1 25
$367.5M
$521.8M
Q4 24
$1.4B
$92.9M
Q3 24
$434.2M
$81.7M
Q2 24
$333.0M
Q1 24
$375.4M
$133.8M
FCF Margin
AVB
AVB
CALM
CALM
Q4 25
183.5%
6.2%
Q3 25
52.5%
25.3%
Q2 25
41.7%
Q1 25
49.3%
36.8%
Q4 24
191.0%
9.7%
Q3 24
59.1%
10.4%
Q2 24
45.9%
Q1 24
52.7%
19.0%
Capex Intensity
AVB
AVB
CALM
CALM
Q4 25
34.1%
6.1%
Q3 25
9.8%
4.9%
Q2 25
8.0%
Q1 25
6.5%
3.5%
Q4 24
26.1%
3.1%
Q3 24
7.1%
4.6%
Q2 24
6.5%
Q1 24
5.3%
4.3%
Cash Conversion
AVB
AVB
CALM
CALM
Q4 25
10.07×
0.92×
Q3 25
1.25×
1.40×
Q2 25
1.41×
Q1 25
1.76×
1.12×
Q4 24
5.70×
0.56×
Q3 24
1.31×
0.78×
Q2 24
1.50×
Q1 24
2.38×
1.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVB
AVB

Segment breakdown not available.

CALM
CALM

Retail$625.4M81%
Prepared Foods$71.7M9%
Egg Products$34.5M4%
Service Other$19.2M2%
Other$13.8M2%

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