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Side-by-side financial comparison of AvalonBay Communities (AVB) and Corpay (CPAY). Click either name above to swap in a different company.
Corpay is the larger business by last-quarter revenue ($1.2B vs $767.9M, roughly 1.6× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 21.2%, a 9019.4% gap on every dollar of revenue. On growth, Corpay posted the faster year-over-year revenue change (20.7% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $760.3M). Over the past eight quarters, Corpay's revenue compounded faster (15.5% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Corpay, Inc., headquartered in Atlanta, Georgia, provides payments and spend management systems and services that control expense-related purchasing and payment processes. The company focuses on vehicle-related expenses, lodging expenses, and corporate payments.
AVB vs CPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $1.2B |
| Net Profit | $166.0M | $264.5M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | 45.2% |
| Net Margin | 9040.6% | 21.2% |
| Revenue YoY | 3.7% | 20.7% |
| Net Profit YoY | -41.2% | 7.5% |
| EPS (diluted) | $1.18 | $3.74 |
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 | $1.2B | ||
| Q3 25 | $766.8M | $1.2B | ||
| Q2 25 | $760.2M | $1.1B | ||
| Q1 25 | $745.9M | $1.0B | ||
| Q4 24 | $740.5M | $1.0B | ||
| Q3 24 | $734.3M | $1.0B | ||
| Q2 24 | $726.0M | $975.7M | ||
| Q1 24 | $712.9M | $935.3M |
| Q4 25 | $166.0M | $264.5M | ||
| Q3 25 | $381.3M | $277.9M | ||
| Q2 25 | $268.7M | $284.2M | ||
| Q1 25 | $236.6M | $243.2M | ||
| Q4 24 | $282.1M | $246.0M | ||
| Q3 24 | $372.5M | $276.4M | ||
| Q2 24 | $253.9M | $251.6M | ||
| Q1 24 | $173.4M | $229.8M |
| Q4 25 | 64.2% | 45.2% | ||
| Q3 25 | 65.7% | 44.6% | ||
| Q2 25 | 67.6% | 43.5% | ||
| Q1 25 | 68.5% | 42.5% | ||
| Q4 24 | 63.1% | 47.2% | ||
| Q3 24 | 65.4% | 45.5% | ||
| Q2 24 | 66.6% | 44.4% | ||
| Q1 24 | 67.2% | 42.5% |
| Q4 25 | 9040.6% | 21.2% | ||
| Q3 25 | 49.7% | 23.7% | ||
| Q2 25 | 35.3% | 25.8% | ||
| Q1 25 | 31.7% | 24.2% | ||
| Q4 24 | 38.1% | 23.8% | ||
| Q3 24 | 50.7% | 26.9% | ||
| Q2 24 | 35.0% | 25.8% | ||
| Q1 24 | 24.3% | 24.6% |
| Q4 25 | $1.18 | $3.74 | ||
| Q3 25 | $2.68 | $3.91 | ||
| Q2 25 | $1.88 | $3.98 | ||
| Q1 25 | $1.66 | $3.40 | ||
| Q4 24 | $1.99 | $3.43 | ||
| Q3 24 | $2.61 | $3.90 | ||
| Q2 24 | $1.78 | $3.52 | ||
| Q1 24 | $1.22 | $3.12 |
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 | $2.4B |
| Total DebtLower is stronger | $9.3B | $10.0B |
| Stockholders' EquityBook value | $11.6B | $3.9B |
| Total Assets | $22.2B | $26.4B |
| Debt / EquityLower = less leverage | 0.80× | 2.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $2.4B | ||
| Q3 25 | $123.3M | $2.0B | ||
| Q2 25 | $102.8M | $2.2B | ||
| Q1 25 | $53.3M | $1.6B | ||
| Q4 24 | $108.6M | $1.6B | ||
| Q3 24 | $552.4M | $1.3B | ||
| Q2 24 | $545.8M | $1.4B | ||
| Q1 24 | $287.9M | $1.3B |
| Q4 25 | $9.3B | $10.0B | ||
| Q3 25 | $8.7B | $8.1B | ||
| Q2 25 | $8.7B | $8.1B | ||
| Q1 25 | $8.3B | $8.2B | ||
| Q4 24 | $8.1B | $8.0B | ||
| Q3 24 | $8.4B | — | ||
| Q2 24 | $8.4B | — | ||
| Q1 24 | $8.0B | — |
| Q4 25 | $11.6B | $3.9B | ||
| Q3 25 | $11.9B | $4.1B | ||
| Q2 25 | $11.9B | $3.9B | ||
| Q1 25 | $11.9B | $3.5B | ||
| Q4 24 | $11.9B | $3.1B | ||
| Q3 24 | $11.9B | $3.1B | ||
| Q2 24 | $11.7B | $2.8B | ||
| Q1 24 | $11.7B | $3.3B |
| Q4 25 | $22.2B | $26.4B | ||
| Q3 25 | $21.9B | $19.7B | ||
| Q2 25 | $21.8B | $20.4B | ||
| Q1 25 | $21.2B | $18.5B | ||
| Q4 24 | $21.0B | $18.0B | ||
| Q3 24 | $21.3B | $17.6B | ||
| Q2 24 | $21.0B | $16.2B | ||
| Q1 24 | $20.6B | $15.8B |
| Q4 25 | 0.80× | 2.58× | ||
| Q3 25 | 0.73× | 1.99× | ||
| Q2 25 | 0.72× | 2.07× | ||
| Q1 25 | 0.70× | 2.37× | ||
| Q4 24 | 0.68× | 2.56× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.7B | $812.7M |
| Free Cash FlowOCF − Capex | $1.4B | $760.3M |
| FCF MarginFCF / Revenue | 183.5% | 60.9% |
| Capex IntensityCapex / Revenue | 34.1% | 4.2% |
| Cash ConversionOCF / Net Profit | 10.07× | 3.07× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $812.7M | ||
| Q3 25 | $477.0M | $-378.9M | ||
| Q2 25 | $377.8M | $1.1B | ||
| Q1 25 | $415.9M | $-74.2M | ||
| Q4 24 | $1.6B | $648.7M | ||
| Q3 24 | $486.2M | $400.8M | ||
| Q2 24 | $380.0M | $540.9M | ||
| Q1 24 | $412.9M | $350.2M |
| Q4 25 | $1.4B | $760.3M | ||
| Q3 25 | $402.2M | $-429.8M | ||
| Q2 25 | $317.1M | $1.1B | ||
| Q1 25 | $367.5M | $-118.9M | ||
| Q4 24 | $1.4B | $604.6M | ||
| Q3 24 | $434.2M | $355.0M | ||
| Q2 24 | $333.0M | $496.8M | ||
| Q1 24 | $375.4M | $309.0M |
| Q4 25 | 183.5% | 60.9% | ||
| Q3 25 | 52.5% | -36.7% | ||
| Q2 25 | 41.7% | 98.7% | ||
| Q1 25 | 49.3% | -11.8% | ||
| Q4 24 | 191.0% | 58.4% | ||
| Q3 24 | 59.1% | 34.5% | ||
| Q2 24 | 45.9% | 50.9% | ||
| Q1 24 | 52.7% | 33.0% |
| Q4 25 | 34.1% | 4.2% | ||
| Q3 25 | 9.8% | 4.3% | ||
| Q2 25 | 8.0% | 4.8% | ||
| Q1 25 | 6.5% | 4.5% | ||
| Q4 24 | 26.1% | 4.3% | ||
| Q3 24 | 7.1% | 4.4% | ||
| Q2 24 | 6.5% | 4.5% | ||
| Q1 24 | 5.3% | 4.4% |
| Q4 25 | 10.07× | 3.07× | ||
| Q3 25 | 1.25× | -1.36× | ||
| Q2 25 | 1.41× | 4.01× | ||
| Q1 25 | 1.76× | -0.30× | ||
| Q4 24 | 5.70× | 2.64× | ||
| Q3 24 | 1.31× | 1.45× | ||
| Q2 24 | 1.50× | 2.15× | ||
| Q1 24 | 2.38× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
CPAY
| Vehicle Payments | $572.9M | 46% |
| Corporate Payments | $480.8M | 39% |
| Lodging Payments | $112.5M | 9% |
| Other Operating Segments | $82.1M | 7% |
