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Side-by-side financial comparison of AvalonBay Communities (AVB) and Claros Mortgage Trust, Inc. (CMTG). Click either name above to swap in a different company.
Claros Mortgage Trust, Inc. is the larger business by last-quarter revenue ($46.7M vs $1.8M, roughly 25.5× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs -468.9%, a 9509.5% gap on every dollar of revenue. On growth, AvalonBay Communities posted the faster year-over-year revenue change (5.5% vs -22.4%). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (1.1% CAGR vs -10.9%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Claros Mortgage Trust, Inc. is a U.S.-based real estate investment trust that invests in diversified mortgage-related assets, including residential and commercial mortgage loans and mortgage-backed securities. It pursues stable, risk-adjusted long-term returns for shareholders via rigorous asset evaluation and active portfolio management.
AVB vs CMTG — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.8M | $46.7M |
| Net Profit | $166.0M | $-219.2M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 9040.6% | -468.9% |
| Revenue YoY | 5.5% | -22.4% |
| Net Profit YoY | -41.2% | -117.7% |
| EPS (diluted) | $1.18 | $-1.56 |
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 | $1.8M | $46.7M | ||
| Q3 25 | $1.9M | $46.1M | ||
| Q2 25 | $1.6M | $51.6M | ||
| Q1 25 | $1.7M | $43.4M | ||
| Q4 24 | $1.7M | $60.2M | ||
| Q3 24 | $1.7M | $64.9M | ||
| Q2 24 | $1.8M | $64.5M | ||
| Q1 24 | $1.8M | $58.8M |
| Q4 25 | $166.0M | $-219.2M | ||
| Q3 25 | $381.3M | $-9.5M | ||
| Q2 25 | $268.7M | $-181.7M | ||
| Q1 25 | $236.6M | $-78.6M | ||
| Q4 24 | $282.1M | $-100.7M | ||
| Q3 24 | $372.5M | $-56.2M | ||
| Q2 24 | $253.9M | $-11.6M | ||
| Q1 24 | $173.4M | $-52.8M |
| Q4 25 | 9040.6% | -468.9% | ||
| Q3 25 | 20390.7% | -20.7% | ||
| Q2 25 | 16854.8% | -351.9% | ||
| Q1 25 | 13581.9% | -181.3% | ||
| Q4 24 | 16212.2% | -167.2% | ||
| Q3 24 | 21708.6% | -86.7% | ||
| Q2 24 | 13876.2% | -17.9% | ||
| Q1 24 | 9662.9% | -89.7% |
| Q4 25 | $1.18 | $-1.56 | ||
| Q3 25 | $2.68 | $-0.07 | ||
| Q2 25 | $1.88 | $-1.30 | ||
| Q1 25 | $1.66 | $-0.56 | ||
| Q4 24 | $1.99 | $-0.72 | ||
| Q3 24 | $2.61 | $-0.40 | ||
| Q2 24 | $1.78 | $-0.09 | ||
| Q1 24 | $1.22 | $-0.39 |
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 | $173.2M |
| Total DebtLower is stronger | $9.3B | $3.2B |
| Stockholders' EquityBook value | $11.6B | $1.5B |
| Total Assets | $22.2B | $4.7B |
| Debt / EquityLower = less leverage | 0.80× | 2.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $173.2M | ||
| Q3 25 | $123.3M | $339.5M | ||
| Q2 25 | $102.8M | $209.2M | ||
| Q1 25 | $53.3M | $127.8M | ||
| Q4 24 | $108.6M | $99.1M | ||
| Q3 24 | $552.4M | $113.9M | ||
| Q2 24 | $545.8M | $148.2M | ||
| Q1 24 | $287.9M | $232.5M |
| Q4 25 | $9.3B | $3.2B | ||
| Q3 25 | $8.7B | $3.7B | ||
| Q2 25 | $8.7B | $4.0B | ||
| Q1 25 | $8.3B | $4.7B | ||
| Q4 24 | $8.1B | $4.9B | ||
| Q3 24 | $8.4B | $5.1B | ||
| Q2 24 | $8.4B | $5.3B | ||
| Q1 24 | $8.0B | $5.5B |
| Q4 25 | $11.6B | $1.5B | ||
| Q3 25 | $11.9B | $1.7B | ||
| Q2 25 | $11.9B | $1.8B | ||
| Q1 25 | $11.9B | $1.9B | ||
| Q4 24 | $11.9B | $2.0B | ||
| Q3 24 | $11.9B | $2.1B | ||
| Q2 24 | $11.7B | $2.2B | ||
| Q1 24 | $11.7B | $2.2B |
| Q4 25 | $22.2B | $4.7B | ||
| Q3 25 | $21.9B | $5.4B | ||
| Q2 25 | $21.8B | $5.8B | ||
| Q1 25 | $21.2B | $6.7B | ||
| Q4 24 | $21.0B | $7.0B | ||
| Q3 24 | $21.3B | $7.3B | ||
| Q2 24 | $21.0B | $7.6B | ||
| Q1 24 | $20.6B | $7.8B |
| Q4 25 | 0.80× | 2.06× | ||
| Q3 25 | 0.73× | 2.09× | ||
| Q2 25 | 0.72× | 2.29× | ||
| Q1 25 | 0.70× | 2.42× | ||
| Q4 24 | 0.68× | 2.44× | ||
| Q3 24 | 0.70× | 2.44× | ||
| Q2 24 | 0.71× | 2.46× | ||
| Q1 24 | 0.68× | 2.47× |
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 | $400.4M | $2.4M |
| Free Cash FlowOCF − Capex | $322.5M | — |
| FCF MarginFCF / Revenue | 17563.8% | — |
| Capex IntensityCapex / Revenue | 4246.2% | — |
| Cash ConversionOCF / Net Profit | 2.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $400.4M | $2.4M | ||
| Q3 25 | $477.0M | $8.8M | ||
| Q2 25 | $377.8M | $-5.8M | ||
| Q1 25 | $415.9M | $-35.8M | ||
| Q4 24 | $328.8M | $18.3M | ||
| Q3 24 | $486.2M | $39.2M | ||
| Q2 24 | $380.0M | $5.5M | ||
| Q1 24 | $412.9M | $21.5M |
| Q4 25 | $322.5M | — | ||
| Q3 25 | $402.2M | — | ||
| Q2 25 | $317.1M | — | ||
| Q1 25 | $367.5M | — | ||
| Q4 24 | $271.9M | — | ||
| Q3 24 | $434.2M | — | ||
| Q2 24 | $333.0M | — | ||
| Q1 24 | $375.4M | — |
| Q4 25 | 17563.8% | — | ||
| Q3 25 | 21507.4% | — | ||
| Q2 25 | 19896.0% | — | ||
| Q1 25 | 21098.3% | — | ||
| Q4 24 | 15626.2% | — | ||
| Q3 24 | 25305.2% | — | ||
| Q2 24 | 18195.7% | — | ||
| Q1 24 | 20914.5% | — |
| Q4 25 | 4246.2% | — | ||
| Q3 25 | 3998.4% | — | ||
| Q2 25 | 3806.1% | — | ||
| Q1 25 | 2776.7% | — | ||
| Q4 24 | 3271.1% | — | ||
| Q3 24 | 3026.3% | — | ||
| Q2 24 | 2568.9% | — | ||
| Q1 24 | 2088.6% | — |
| Q4 25 | 2.41× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 2.38× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
CMTG
| Real Estate Owned Portfolio | $34.2M | 73% |
| Other | $11.1M | 24% |
| Mixed Use Property Fixed Rents | $1.4M | 3% |
