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Side-by-side financial comparison of AvalonBay Communities (AVB) and CENTRAL GARDEN & PET CO (CENT). Click either name above to swap in a different company.

AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $617.4M, roughly 1.2× CENTRAL GARDEN & PET CO). AvalonBay Communities runs the higher net margin — 9040.6% vs 1.1%, a 9039.5% gap on every dollar of revenue. On growth, AvalonBay Communities posted the faster year-over-year revenue change (3.7% vs -6.0%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $-81.0M). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (3.8% CAGR vs -17.2%).

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

Central Garden & Pet Co is a leading U.S.-headquartered supplier of pet supplies and garden products. Its portfolio includes pet food, treats, grooming tools, lawn care items, gardening accessories and pest control solutions, serving retail partners like mass merchants, independent pet stores and garden centers across North America with multiple well-known consumer brands in its two core segments.

AVB vs CENT — Head-to-Head

Bigger by revenue
AVB
AVB
1.2× larger
AVB
$767.9M
$617.4M
CENT
Growing faster (revenue YoY)
AVB
AVB
+9.6% gap
AVB
3.7%
-6.0%
CENT
Higher net margin
AVB
AVB
9039.5% more per $
AVB
9040.6%
1.1%
CENT
More free cash flow
AVB
AVB
$1.5B more FCF
AVB
$1.4B
$-81.0M
CENT
Faster 2-yr revenue CAGR
AVB
AVB
Annualised
AVB
3.8%
-17.2%
CENT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AVB
AVB
CENT
CENT
Revenue
$767.9M
$617.4M
Net Profit
$166.0M
$6.8M
Gross Margin
30.9%
Operating Margin
64.2%
2.7%
Net Margin
9040.6%
1.1%
Revenue YoY
3.7%
-6.0%
Net Profit YoY
-41.2%
-51.2%
EPS (diluted)
$1.18
$0.11

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
CENT
CENT
Q4 25
$767.9M
$617.4M
Q3 25
$766.8M
$678.2M
Q2 25
$760.2M
$960.9M
Q1 25
$745.9M
$833.5M
Q4 24
$740.5M
$656.4M
Q3 24
$734.3M
$669.5M
Q2 24
$726.0M
$996.3M
Q1 24
$712.9M
$900.1M
Net Profit
AVB
AVB
CENT
CENT
Q4 25
$166.0M
$6.8M
Q3 25
$381.3M
$-9.8M
Q2 25
$268.7M
$95.0M
Q1 25
$236.6M
$63.6M
Q4 24
$282.1M
$14.0M
Q3 24
$372.5M
$-34.2M
Q2 24
$253.9M
$79.7M
Q1 24
$173.4M
$62.0M
Gross Margin
AVB
AVB
CENT
CENT
Q4 25
30.9%
Q3 25
29.0%
Q2 25
34.6%
Q1 25
32.8%
Q4 24
29.8%
Q3 24
25.2%
Q2 24
31.8%
Q1 24
31.0%
Operating Margin
AVB
AVB
CENT
CENT
Q4 25
64.2%
2.7%
Q3 25
65.7%
-0.9%
Q2 25
67.6%
14.1%
Q1 25
68.5%
11.2%
Q4 24
63.1%
4.3%
Q3 24
65.4%
-4.8%
Q2 24
66.6%
11.6%
Q1 24
67.2%
10.4%
Net Margin
AVB
AVB
CENT
CENT
Q4 25
9040.6%
1.1%
Q3 25
49.7%
-1.4%
Q2 25
35.3%
9.9%
Q1 25
31.7%
7.6%
Q4 24
38.1%
2.1%
Q3 24
50.7%
-5.1%
Q2 24
35.0%
8.0%
Q1 24
24.3%
6.9%
EPS (diluted)
AVB
AVB
CENT
CENT
Q4 25
$1.18
$0.11
Q3 25
$2.68
$-0.16
Q2 25
$1.88
$1.52
Q1 25
$1.66
$0.98
Q4 24
$1.99
$0.21
Q3 24
$2.61
$-0.51
Q2 24
$1.78
$1.19
Q1 24
$1.22
$0.93

Balance Sheet & Financial Strength

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

Metric
AVB
AVB
CENT
CENT
Cash + ST InvestmentsLiquidity on hand
$187.2M
$721.1M
Total DebtLower is stronger
$9.3B
$1.2B
Stockholders' EquityBook value
$11.6B
$1.6B
Total Assets
$22.2B
$3.6B
Debt / EquityLower = less leverage
0.80×
0.76×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
CENT
CENT
Q4 25
$187.2M
$721.1M
Q3 25
$123.3M
$882.5M
Q2 25
$102.8M
$713.0M
Q1 25
$53.3M
$516.7M
Q4 24
$108.6M
$618.0M
Q3 24
$552.4M
$753.5M
Q2 24
$545.8M
$570.4M
Q1 24
$287.9M
$301.3M
Total Debt
AVB
AVB
CENT
CENT
Q4 25
$9.3B
$1.2B
Q3 25
$8.7B
$1.2B
Q2 25
$8.7B
$1.2B
Q1 25
$8.3B
$1.2B
Q4 24
$8.1B
$1.2B
Q3 24
$8.4B
$1.2B
Q2 24
$8.4B
$1.2B
Q1 24
$8.0B
$1.2B
Stockholders' Equity
AVB
AVB
CENT
CENT
Q4 25
$11.6B
$1.6B
Q3 25
$11.9B
$1.6B
Q2 25
$11.9B
$1.6B
Q1 25
$11.9B
$1.5B
Q4 24
$11.9B
$1.5B
Q3 24
$11.9B
$1.6B
Q2 24
$11.7B
$1.6B
Q1 24
$11.7B
$1.5B
Total Assets
AVB
AVB
CENT
CENT
Q4 25
$22.2B
$3.6B
Q3 25
$21.9B
$3.6B
Q2 25
$21.8B
$3.7B
Q1 25
$21.2B
$3.6B
Q4 24
$21.0B
$3.5B
Q3 24
$21.3B
$3.6B
Q2 24
$21.0B
$3.6B
Q1 24
$20.6B
$3.5B
Debt / Equity
AVB
AVB
CENT
CENT
Q4 25
0.80×
0.76×
Q3 25
0.73×
0.75×
Q2 25
0.72×
0.75×
Q1 25
0.70×
0.77×
Q4 24
0.68×
0.78×
Q3 24
0.70×
0.76×
Q2 24
0.71×
0.75×
Q1 24
0.68×
0.79×

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
CENT
CENT
Operating Cash FlowLast quarter
$1.7B
$-70.2M
Free Cash FlowOCF − Capex
$1.4B
$-81.0M
FCF MarginFCF / Revenue
183.5%
-13.1%
Capex IntensityCapex / Revenue
34.1%
1.8%
Cash ConversionOCF / Net Profit
10.07×
-10.26×
TTM Free Cash FlowTrailing 4 quarters
$2.5B
$285.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
CENT
CENT
Q4 25
$1.7B
$-70.2M
Q3 25
$477.0M
$182.7M
Q2 25
$377.8M
$265.5M
Q1 25
$415.9M
$-46.9M
Q4 24
$1.6B
$-68.8M
Q3 24
$486.2M
$203.1M
Q2 24
$380.0M
$286.1M
Q1 24
$412.9M
$-24.5M
Free Cash Flow
AVB
AVB
CENT
CENT
Q4 25
$1.4B
$-81.0M
Q3 25
$402.2M
$171.9M
Q2 25
$317.1M
$251.7M
Q1 25
$367.5M
$-57.5M
Q4 24
$1.4B
$-74.9M
Q3 24
$434.2M
$193.0M
Q2 24
$333.0M
$272.5M
Q1 24
$375.4M
$-33.9M
FCF Margin
AVB
AVB
CENT
CENT
Q4 25
183.5%
-13.1%
Q3 25
52.5%
25.3%
Q2 25
41.7%
26.2%
Q1 25
49.3%
-6.9%
Q4 24
191.0%
-11.4%
Q3 24
59.1%
28.8%
Q2 24
45.9%
27.3%
Q1 24
52.7%
-3.8%
Capex Intensity
AVB
AVB
CENT
CENT
Q4 25
34.1%
1.8%
Q3 25
9.8%
1.6%
Q2 25
8.0%
1.4%
Q1 25
6.5%
1.3%
Q4 24
26.1%
0.9%
Q3 24
7.1%
1.5%
Q2 24
6.5%
1.4%
Q1 24
5.3%
1.0%
Cash Conversion
AVB
AVB
CENT
CENT
Q4 25
10.07×
-10.26×
Q3 25
1.25×
Q2 25
1.41×
2.79×
Q1 25
1.76×
-0.74×
Q4 24
5.70×
-4.91×
Q3 24
1.31×
Q2 24
1.50×
3.59×
Q1 24
2.38×
-0.40×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVB
AVB

Segment breakdown not available.

CENT
CENT

Garden Products Segment$201.6M33%
Dogand Cat Products$157.0M25%
Other Pet Products$117.8M19%
Manufactured Product Other$102.5M17%
Wild Bird Products$38.5M6%

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