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Side-by-side financial comparison of AvalonBay Communities (AVB) and Compass Diversified Holdings (CODI). Click either name above to swap in a different company.
AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $468.6M, roughly 1.6× Compass Diversified Holdings). AvalonBay Communities runs the higher net margin — 9040.6% vs -16.8%, a 9057.4% gap on every dollar of revenue. On growth, AvalonBay Communities posted the faster year-over-year revenue change (3.7% vs -5.1%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $36.9M). Over the past eight quarters, Compass Diversified Holdings's revenue compounded faster (6.8% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Compass Diversified Holdings is a publicly traded holding firm that acquires and operates a diverse portfolio of middle-market businesses across sectors including consumer goods, industrial manufacturing, outdoor recreation, and food & beverage. It partners with portfolio company leadership teams to drive long-term operational growth and value creation, primarily serving North American markets.
AVB vs CODI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $468.6M |
| Net Profit | $166.0M | $-78.8M |
| Gross Margin | — | 43.1% |
| Operating Margin | 64.2% | 9.8% |
| Net Margin | 9040.6% | -16.8% |
| Revenue YoY | 3.7% | -5.1% |
| Net Profit YoY | -41.2% | -14.4% |
| EPS (diluted) | $1.18 | $-0.91 |
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 | $468.6M | ||
| Q3 25 | $766.8M | $472.6M | ||
| Q2 25 | $760.2M | $478.7M | ||
| Q1 25 | $745.9M | $453.8M | ||
| Q4 24 | $740.5M | $493.9M | ||
| Q3 24 | $734.3M | $456.6M | ||
| Q2 24 | $726.0M | $426.7M | ||
| Q1 24 | $712.9M | $410.8M |
| Q4 25 | $166.0M | $-78.8M | ||
| Q3 25 | $381.3M | $-74.0M | ||
| Q2 25 | $268.7M | $-51.2M | ||
| Q1 25 | $236.6M | $-30.0M | ||
| Q4 24 | $282.1M | $-68.9M | ||
| Q3 24 | $372.5M | $-36.0M | ||
| Q2 24 | $253.9M | $-73.1M | ||
| Q1 24 | $173.4M | $-56.2M |
| Q4 25 | — | 43.1% | ||
| Q3 25 | — | 44.0% | ||
| Q2 25 | — | 43.6% | ||
| Q1 25 | — | 43.2% | ||
| Q4 24 | — | 38.6% | ||
| Q3 24 | — | 43.1% | ||
| Q2 24 | — | 44.1% | ||
| Q1 24 | — | 42.6% |
| Q4 25 | 64.2% | 9.8% | ||
| Q3 25 | 65.7% | -2.3% | ||
| Q2 25 | 67.6% | -5.7% | ||
| Q1 25 | 68.5% | 0.8% | ||
| Q4 24 | 63.1% | -3.8% | ||
| Q3 24 | 65.4% | 1.8% | ||
| Q2 24 | 66.6% | 1.8% | ||
| Q1 24 | 67.2% | -2.9% |
| Q4 25 | 9040.6% | -16.8% | ||
| Q3 25 | 49.7% | -15.7% | ||
| Q2 25 | 35.3% | -10.7% | ||
| Q1 25 | 31.7% | -6.6% | ||
| Q4 24 | 38.1% | -13.9% | ||
| Q3 24 | 50.7% | -7.9% | ||
| Q2 24 | 35.0% | -17.1% | ||
| Q1 24 | 24.3% | -13.7% |
| Q4 25 | $1.18 | $-0.91 | ||
| Q3 25 | $2.68 | $-1.21 | ||
| Q2 25 | $1.88 | $-0.88 | ||
| Q1 25 | $1.66 | $-0.59 | ||
| Q4 24 | $1.99 | $-0.57 | ||
| Q3 24 | $2.61 | $-0.62 | ||
| Q2 24 | $1.78 | $-1.12 | ||
| Q1 24 | $1.22 | $-1.52 |
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 | $68.0M |
| Total DebtLower is stronger | $9.3B | $1.9B |
| Stockholders' EquityBook value | $11.6B | $442.0M |
| Total Assets | $22.2B | $3.0B |
| Debt / EquityLower = less leverage | 0.80× | 4.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $68.0M | ||
| Q3 25 | $123.3M | $61.1M | ||
| Q2 25 | $102.8M | $73.8M | ||
| Q1 25 | $53.3M | $146.2M | ||
| Q4 24 | $108.6M | $59.7M | ||
| Q3 24 | $552.4M | $64.9M | ||
| Q2 24 | $545.8M | $61.5M | ||
| Q1 24 | $287.9M | $59.5M |
| Q4 25 | $9.3B | $1.9B | ||
| Q3 25 | $8.7B | $1.9B | ||
| Q2 25 | $8.7B | $1.9B | ||
| Q1 25 | $8.3B | $1.9B | ||
| Q4 24 | $8.1B | $1.8B | ||
| Q3 24 | $8.4B | $1.8B | ||
| Q2 24 | $8.4B | $1.7B | ||
| Q1 24 | $8.0B | $1.7B |
| Q4 25 | $11.6B | $442.0M | ||
| Q3 25 | $11.9B | $519.2M | ||
| Q2 25 | $11.9B | $601.9M | ||
| Q1 25 | $11.9B | $680.7M | ||
| Q4 24 | $11.9B | $678.6M | ||
| Q3 24 | $11.9B | $672.2M | ||
| Q2 24 | $11.7B | $711.3M | ||
| Q1 24 | $11.7B | $799.7M |
| Q4 25 | $22.2B | $3.0B | ||
| Q3 25 | $21.9B | $3.2B | ||
| Q2 25 | $21.8B | $3.3B | ||
| Q1 25 | $21.2B | $3.4B | ||
| Q4 24 | $21.0B | $3.3B | ||
| Q3 24 | $21.3B | $3.3B | ||
| Q2 24 | $21.0B | $3.2B | ||
| Q1 24 | $20.6B | $3.3B |
| Q4 25 | 0.80× | 4.25× | ||
| Q3 25 | 0.73× | 3.62× | ||
| Q2 25 | 0.72× | 3.09× | ||
| Q1 25 | 0.70× | 2.73× | ||
| Q4 24 | 0.68× | 2.61× | ||
| Q3 24 | 0.70× | 2.64× | ||
| Q2 24 | 0.71× | 2.42× | ||
| Q1 24 | 0.68× | 2.15× |
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 | $47.0M |
| Free Cash FlowOCF − Capex | $1.4B | $36.9M |
| FCF MarginFCF / Revenue | 183.5% | 7.9% |
| Capex IntensityCapex / Revenue | 34.1% | 2.2% |
| Cash ConversionOCF / Net Profit | 10.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $-51.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $47.0M | ||
| Q3 25 | $477.0M | $10.7M | ||
| Q2 25 | $377.8M | $-35.2M | ||
| Q1 25 | $415.9M | $-29.3M | ||
| Q4 24 | $1.6B | $-16.1M | ||
| Q3 24 | $486.2M | $-48.4M | ||
| Q2 24 | $380.0M | $-61.3M | ||
| Q1 24 | $412.9M | $-25.4M |
| Q4 25 | $1.4B | $36.9M | ||
| Q3 25 | $402.2M | $481.0K | ||
| Q2 25 | $317.1M | $-46.0M | ||
| Q1 25 | $367.5M | $-42.4M | ||
| Q4 24 | $1.4B | $-39.0M | ||
| Q3 24 | $434.2M | $-63.5M | ||
| Q2 24 | $333.0M | $-72.2M | ||
| Q1 24 | $375.4M | $-33.1M |
| Q4 25 | 183.5% | 7.9% | ||
| Q3 25 | 52.5% | 0.1% | ||
| Q2 25 | 41.7% | -9.6% | ||
| Q1 25 | 49.3% | -9.4% | ||
| Q4 24 | 191.0% | -7.9% | ||
| Q3 24 | 59.1% | -13.9% | ||
| Q2 24 | 45.9% | -16.9% | ||
| Q1 24 | 52.7% | -8.1% |
| Q4 25 | 34.1% | 2.2% | ||
| Q3 25 | 9.8% | 2.2% | ||
| Q2 25 | 8.0% | 2.3% | ||
| Q1 25 | 6.5% | 2.9% | ||
| Q4 24 | 26.1% | 4.6% | ||
| Q3 24 | 7.1% | 3.3% | ||
| Q2 24 | 6.5% | 2.6% | ||
| Q1 24 | 5.3% | 1.9% |
| Q4 25 | 10.07× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 5.70× | — | ||
| 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.
CODI
| Other | $119.5M | 26% |
| A5.11Tactical | $113.9M | 24% |
| Sterno Products | $85.9M | 18% |
| Altor | $60.8M | 13% |
| The Honey Pot | $36.0M | 8% |
| Arnold | $25.4M | 5% |
| Velocity Outdoor | $18.7M | 4% |
| Lugano | $8.3M | 2% |
