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Side-by-side financial comparison of AvalonBay Communities (AVB) and Dayforce (DAY). Click either name above to swap in a different company.
AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $481.6M, roughly 1.6× Dayforce). AvalonBay Communities runs the higher net margin — 9040.6% vs -40.9%, a 9081.4% gap on every dollar of revenue. On growth, Dayforce posted the faster year-over-year revenue change (9.5% vs 3.7%). Over the past eight quarters, Dayforce's revenue compounded faster (9.8% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Dayforce, Inc., formerly Ceridian, is an American human resources software and services company.
AVB vs DAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $481.6M |
| Net Profit | $166.0M | $-196.8M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | 6.3% |
| Net Margin | 9040.6% | -40.9% |
| Revenue YoY | 3.7% | 9.5% |
| Net Profit YoY | -41.2% | -9940.0% |
| EPS (diluted) | $1.18 | $-1.23 |
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 | — | ||
| Q3 25 | $766.8M | $481.6M | ||
| Q2 25 | $760.2M | $464.7M | ||
| Q1 25 | $745.9M | $481.8M | ||
| Q4 24 | $740.5M | $465.2M | ||
| Q3 24 | $734.3M | $440.0M | ||
| Q2 24 | $726.0M | $423.3M | ||
| Q1 24 | $712.9M | $431.5M |
| Q4 25 | $166.0M | — | ||
| Q3 25 | $381.3M | $-196.8M | ||
| Q2 25 | $268.7M | $21.3M | ||
| Q1 25 | $236.6M | $14.9M | ||
| Q4 24 | $282.1M | $10.8M | ||
| Q3 24 | $372.5M | $2.0M | ||
| Q2 24 | $253.9M | $-1.8M | ||
| Q1 24 | $173.4M | $7.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 47.0% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 44.1% | ||
| Q1 24 | — | 47.6% |
| Q4 25 | 64.2% | — | ||
| Q3 25 | 65.7% | 6.3% | ||
| Q2 25 | 67.6% | 9.1% | ||
| Q1 25 | 68.5% | 6.4% | ||
| Q4 24 | 63.1% | 6.1% | ||
| Q3 24 | 65.4% | 4.7% | ||
| Q2 24 | 66.6% | 3.3% | ||
| Q1 24 | 67.2% | 9.4% |
| Q4 25 | 9040.6% | — | ||
| Q3 25 | 49.7% | -40.9% | ||
| Q2 25 | 35.3% | 4.6% | ||
| Q1 25 | 31.7% | 3.1% | ||
| Q4 24 | 38.1% | 2.3% | ||
| Q3 24 | 50.7% | 0.5% | ||
| Q2 24 | 35.0% | -0.4% | ||
| Q1 24 | 24.3% | 1.6% |
| Q4 25 | $1.18 | — | ||
| Q3 25 | $2.68 | $-1.23 | ||
| Q2 25 | $1.88 | $0.13 | ||
| Q1 25 | $1.66 | $0.09 | ||
| Q4 24 | $1.99 | $0.07 | ||
| Q3 24 | $2.61 | $0.01 | ||
| Q2 24 | $1.78 | $-0.01 | ||
| Q1 24 | $1.22 | $0.04 |
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 | $627.6M |
| Total DebtLower is stronger | $9.3B | $631.1M |
| Stockholders' EquityBook value | $11.6B | $2.7B |
| Total Assets | $22.2B | $8.7B |
| Debt / EquityLower = less leverage | 0.80× | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | — | ||
| Q3 25 | $123.3M | $627.6M | ||
| Q2 25 | $102.8M | $625.2M | ||
| Q1 25 | $53.3M | $557.3M | ||
| Q4 24 | $108.6M | $579.7M | ||
| Q3 24 | $552.4M | $494.1M | ||
| Q2 24 | $545.8M | $465.4M | ||
| Q1 24 | $287.9M | $392.5M |
| Q4 25 | $9.3B | — | ||
| Q3 25 | $8.7B | $631.1M | ||
| Q2 25 | $8.7B | $631.8M | ||
| Q1 25 | $8.3B | $632.4M | ||
| Q4 24 | $8.1B | $1.2B | ||
| Q3 24 | $8.4B | $1.2B | ||
| Q2 24 | $8.4B | $1.2B | ||
| Q1 24 | $8.0B | $1.2B |
| Q4 25 | $11.6B | — | ||
| Q3 25 | $11.9B | $2.7B | ||
| Q2 25 | $11.9B | $2.7B | ||
| Q1 25 | $11.9B | $2.6B | ||
| Q4 24 | $11.9B | $2.5B | ||
| Q3 24 | $11.9B | $2.6B | ||
| Q2 24 | $11.7B | $2.5B | ||
| Q1 24 | $11.7B | $2.4B |
| Q4 25 | $22.2B | — | ||
| Q3 25 | $21.9B | $8.7B | ||
| Q2 25 | $21.8B | $8.5B | ||
| Q1 25 | $21.2B | $9.5B | ||
| Q4 24 | $21.0B | $9.1B | ||
| Q3 24 | $21.3B | $8.1B | ||
| Q2 24 | $21.0B | $9.0B | ||
| Q1 24 | $20.6B | $10.8B |
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.73× | 0.23× | ||
| Q2 25 | 0.72× | 0.23× | ||
| Q1 25 | 0.70× | 0.24× | ||
| Q4 24 | 0.68× | 0.47× | ||
| Q3 24 | 0.70× | 0.47× | ||
| Q2 24 | 0.71× | 0.49× | ||
| Q1 24 | 0.68× | 0.50× |
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 | $31.2M |
| 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.
| Q4 25 | $1.7B | — | ||
| Q3 25 | $477.0M | $31.2M | ||
| Q2 25 | $377.8M | $112.7M | ||
| Q1 25 | $415.9M | $49.6M | ||
| Q4 24 | $1.6B | $81.0M | ||
| Q3 24 | $486.2M | $91.8M | ||
| Q2 24 | $380.0M | $99.2M | ||
| Q1 24 | $412.9M | $9.1M |
| Q4 25 | $1.4B | — | ||
| Q3 25 | $402.2M | — | ||
| Q2 25 | $317.1M | — | ||
| Q1 25 | $367.5M | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $434.2M | — | ||
| Q2 24 | $333.0M | — | ||
| Q1 24 | $375.4M | — |
| Q4 25 | 183.5% | — | ||
| Q3 25 | 52.5% | — | ||
| Q2 25 | 41.7% | — | ||
| Q1 25 | 49.3% | — | ||
| Q4 24 | 191.0% | — | ||
| Q3 24 | 59.1% | — | ||
| Q2 24 | 45.9% | — | ||
| Q1 24 | 52.7% | — |
| Q4 25 | 34.1% | — | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 7.1% | — | ||
| Q2 24 | 6.5% | — | ||
| Q1 24 | 5.3% | — |
| Q4 25 | 10.07× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.41× | 5.29× | ||
| Q1 25 | 1.76× | 3.33× | ||
| Q4 24 | 5.70× | 7.50× | ||
| Q3 24 | 1.31× | 45.90× | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 2.38× | 1.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
DAY
| Dayforce Recurring | $333.0M | 69% |
| Cloud And Bureau Professional Services And Other | $78.5M | 16% |
| Float | $42.2M | 9% |
| Powerpay Recurring | $19.7M | 4% |
| Other Recurring | $8.2M | 2% |
