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Side-by-side financial comparison of AvalonBay Communities (AVB) and COMMERCE BANCSHARES INC (CBSH). Click either name above to swap in a different company.
AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $475.7M, roughly 1.6× COMMERCE BANCSHARES INC). AvalonBay Communities runs the higher net margin — 9040.6% vs 29.8%, a 9010.8% gap on every dollar of revenue. On growth, COMMERCE BANCSHARES INC posted the faster year-over-year revenue change (11.1% vs 3.7%). Over the past eight quarters, COMMERCE BANCSHARES INC's revenue compounded faster (7.1% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Commerce Bancshares, Inc. is a regional bank holding company headquartered in Missouri, with principal offices in Kansas City and St. Louis. It is the corporate parent of Commerce Bank, which offers a diversified line of financial services, including business and personal banking, wealth management and investments through its affiliated companies.
AVB vs CBSH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $475.7M |
| Net Profit | $166.0M | $141.6M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | — |
| Net Margin | 9040.6% | 29.8% |
| Revenue YoY | 3.7% | 11.1% |
| Net Profit YoY | -41.2% | 10.5% |
| EPS (diluted) | $1.18 | $0.96 |
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.
| Q1 26 | — | $475.7M | ||
| Q4 25 | $767.9M | $449.4M | ||
| Q3 25 | $766.8M | $441.0M | ||
| Q2 25 | $760.2M | $445.8M | ||
| Q1 25 | $745.9M | $428.1M | ||
| Q4 24 | $740.5M | $422.1M | ||
| Q3 24 | $734.3M | $421.4M | ||
| Q2 24 | $726.0M | $414.5M |
| Q1 26 | — | $141.6M | ||
| Q4 25 | $166.0M | $140.7M | ||
| Q3 25 | $381.3M | $141.5M | ||
| Q2 25 | $268.7M | $152.5M | ||
| Q1 25 | $236.6M | $131.6M | ||
| Q4 24 | $282.1M | $136.1M | ||
| Q3 24 | $372.5M | $138.0M | ||
| Q2 24 | $253.9M | $139.6M |
| Q1 26 | — | — | ||
| Q4 25 | 64.2% | 40.8% | ||
| Q3 25 | 65.7% | 41.9% | ||
| Q2 25 | 67.6% | 44.0% | ||
| Q1 25 | 68.5% | 39.2% | ||
| Q4 24 | 63.1% | 41.2% | ||
| Q3 24 | 65.4% | 42.4% | ||
| Q2 24 | 66.6% | 43.4% |
| Q1 26 | — | 29.8% | ||
| Q4 25 | 9040.6% | 31.3% | ||
| Q3 25 | 49.7% | 32.1% | ||
| Q2 25 | 35.3% | 34.2% | ||
| Q1 25 | 31.7% | 30.7% | ||
| Q4 24 | 38.1% | 32.2% | ||
| Q3 24 | 50.7% | 32.8% | ||
| Q2 24 | 35.0% | 33.7% |
| Q1 26 | — | $0.96 | ||
| Q4 25 | $1.18 | $0.86 | ||
| Q3 25 | $2.68 | $1.06 | ||
| Q2 25 | $1.88 | $1.14 | ||
| Q1 25 | $1.66 | $0.98 | ||
| Q4 24 | $1.99 | $0.83 | ||
| Q3 24 | $2.61 | $1.01 | ||
| Q2 24 | $1.78 | $1.03 |
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 | — |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $4.3B |
| Total Assets | $22.2B | $35.7B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $187.2M | — | ||
| Q3 25 | $123.3M | — | ||
| Q2 25 | $102.8M | — | ||
| Q1 25 | $53.3M | — | ||
| Q4 24 | $108.6M | — | ||
| Q3 24 | $552.4M | — | ||
| Q2 24 | $545.8M | — |
| Q1 26 | — | — | ||
| 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 26 | — | $4.3B | ||
| Q4 25 | $11.6B | $3.8B | ||
| Q3 25 | $11.9B | $3.8B | ||
| Q2 25 | $11.9B | $3.6B | ||
| Q1 25 | $11.9B | $3.5B | ||
| Q4 24 | $11.9B | $3.3B | ||
| Q3 24 | $11.9B | $3.4B | ||
| Q2 24 | $11.7B | $3.1B |
| Q1 26 | — | $35.7B | ||
| Q4 25 | $22.2B | $32.9B | ||
| Q3 25 | $21.9B | $32.3B | ||
| Q2 25 | $21.8B | $32.3B | ||
| Q1 25 | $21.2B | $32.4B | ||
| Q4 24 | $21.0B | $32.0B | ||
| Q3 24 | $21.3B | $31.5B | ||
| Q2 24 | $21.0B | $30.6B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| Free Cash FlowOCF − Capex | $1.4B | — |
| FCF MarginFCF / Revenue | 183.5% | — |
| Capex IntensityCapex / Revenue | 34.1% | — |
| Cash ConversionOCF / Net Profit | 10.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $645.1M | ||
| Q3 25 | $477.0M | $129.0M | ||
| Q2 25 | $377.8M | $111.2M | ||
| Q1 25 | $415.9M | $138.6M | ||
| Q4 24 | $1.6B | $577.9M | ||
| Q3 24 | $486.2M | $431.7M | ||
| Q2 24 | $380.0M | $147.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $592.4M | ||
| Q3 25 | $402.2M | $113.3M | ||
| Q2 25 | $317.1M | $100.5M | ||
| Q1 25 | $367.5M | $126.0M | ||
| Q4 24 | $1.4B | $531.7M | ||
| Q3 24 | $434.2M | $419.1M | ||
| Q2 24 | $333.0M | $138.9M |
| Q1 26 | — | — | ||
| Q4 25 | 183.5% | 131.8% | ||
| Q3 25 | 52.5% | 25.7% | ||
| Q2 25 | 41.7% | 22.5% | ||
| Q1 25 | 49.3% | 29.4% | ||
| Q4 24 | 191.0% | 126.0% | ||
| Q3 24 | 59.1% | 99.5% | ||
| Q2 24 | 45.9% | 33.5% |
| Q1 26 | — | — | ||
| Q4 25 | 34.1% | 11.7% | ||
| Q3 25 | 9.8% | 3.6% | ||
| Q2 25 | 8.0% | 2.4% | ||
| Q1 25 | 6.5% | 2.9% | ||
| Q4 24 | 26.1% | 10.9% | ||
| Q3 24 | 7.1% | 3.0% | ||
| Q2 24 | 6.5% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | 10.07× | 4.59× | ||
| Q3 25 | 1.25× | 0.91× | ||
| Q2 25 | 1.41× | 0.73× | ||
| Q1 25 | 1.76× | 1.05× | ||
| Q4 24 | 5.70× | 4.25× | ||
| Q3 24 | 1.31× | 3.13× | ||
| Q2 24 | 1.50× | 1.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
