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Side-by-side financial comparison of AvalonBay Communities (AVB) and DONALDSON Co INC (DCI). Click either name above to swap in a different company.
DONALDSON Co INC is the larger business by last-quarter revenue ($935.4M vs $767.9M, roughly 1.2× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 12.2%, a 9028.4% gap on every dollar of revenue. On growth, DONALDSON Co INC posted the faster year-over-year revenue change (3.9% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $111.2M). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (3.8% CAGR vs 3.3%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Donaldson Company, Inc. is a filtration company engaged in the production and marketing of filtration products used in a variety of industry sectors, including commercial/industrial, aerospace, chemical, alternative energy (windmills), food & beverage, and pharmaceuticals. Also the company's research division, located in Minneapolis, Minn., participated in defense-related projects for various military applications.
AVB vs DCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $935.4M |
| Net Profit | $166.0M | $113.9M |
| Gross Margin | — | 35.2% |
| Operating Margin | 64.2% | 16.0% |
| Net Margin | 9040.6% | 12.2% |
| Revenue YoY | 3.7% | 3.9% |
| Net Profit YoY | -41.2% | 15.1% |
| EPS (diluted) | $1.18 | $0.97 |
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 | $935.4M | ||
| Q3 25 | $766.8M | $980.7M | ||
| Q2 25 | $760.2M | $940.1M | ||
| Q1 25 | $745.9M | $870.0M | ||
| Q4 24 | $740.5M | $900.1M | ||
| Q3 24 | $734.3M | $935.4M | ||
| Q2 24 | $726.0M | $927.9M | ||
| Q1 24 | $712.9M | $876.7M |
| Q4 25 | $166.0M | $113.9M | ||
| Q3 25 | $381.3M | $114.3M | ||
| Q2 25 | $268.7M | $57.8M | ||
| Q1 25 | $236.6M | $95.9M | ||
| Q4 24 | $282.1M | $99.0M | ||
| Q3 24 | $372.5M | $109.7M | ||
| Q2 24 | $253.9M | $113.5M | ||
| Q1 24 | $173.4M | $98.7M |
| Q4 25 | — | 35.2% | ||
| Q3 25 | — | 34.5% | ||
| Q2 25 | — | 34.2% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 35.5% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 35.6% | ||
| Q1 24 | — | 35.2% |
| Q4 25 | 64.2% | 16.0% | ||
| Q3 25 | 65.7% | 15.5% | ||
| Q2 25 | 67.6% | 9.3% | ||
| Q1 25 | 68.5% | 14.4% | ||
| Q4 24 | 63.1% | 14.5% | ||
| Q3 24 | 65.4% | 15.6% | ||
| Q2 24 | 66.6% | 15.5% | ||
| Q1 24 | 67.2% | 14.8% |
| Q4 25 | 9040.6% | 12.2% | ||
| Q3 25 | 49.7% | 11.7% | ||
| Q2 25 | 35.3% | 6.1% | ||
| Q1 25 | 31.7% | 11.0% | ||
| Q4 24 | 38.1% | 11.0% | ||
| Q3 24 | 50.7% | 11.7% | ||
| Q2 24 | 35.0% | 12.2% | ||
| Q1 24 | 24.3% | 11.3% |
| Q4 25 | $1.18 | $0.97 | ||
| Q3 25 | $2.68 | $0.97 | ||
| Q2 25 | $1.88 | $0.48 | ||
| Q1 25 | $1.66 | $0.79 | ||
| Q4 24 | $1.99 | $0.81 | ||
| Q3 24 | $2.61 | $0.90 | ||
| Q2 24 | $1.78 | $0.92 | ||
| Q1 24 | $1.22 | $0.81 |
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 | $210.7M |
| Total DebtLower is stronger | $9.3B | $671.5M |
| Stockholders' EquityBook value | $11.6B | $1.5B |
| Total Assets | $22.2B | $3.0B |
| Debt / EquityLower = less leverage | 0.80× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $210.7M | ||
| Q3 25 | $123.3M | $180.4M | ||
| Q2 25 | $102.8M | $178.5M | ||
| Q1 25 | $53.3M | $189.1M | ||
| Q4 24 | $108.6M | $221.2M | ||
| Q3 24 | $552.4M | $232.7M | ||
| Q2 24 | $545.8M | $223.7M | ||
| Q1 24 | $287.9M | $193.8M |
| Q4 25 | $9.3B | $671.5M | ||
| Q3 25 | $8.7B | $630.4M | ||
| Q2 25 | $8.7B | $638.8M | ||
| Q1 25 | $8.3B | $514.7M | ||
| Q4 24 | $8.1B | $538.6M | ||
| Q3 24 | $8.4B | $483.4M | ||
| Q2 24 | $8.4B | $481.8M | ||
| Q1 24 | $8.0B | $352.0M |
| Q4 25 | $11.6B | $1.5B | ||
| Q3 25 | $11.9B | $1.5B | ||
| Q2 25 | $11.9B | $1.5B | ||
| Q1 25 | $11.9B | $1.5B | ||
| Q4 24 | $11.9B | $1.5B | ||
| Q3 24 | $11.9B | $1.5B | ||
| Q2 24 | $11.7B | $1.5B | ||
| Q1 24 | $11.7B | $1.4B |
| Q4 25 | $22.2B | $3.0B | ||
| Q3 25 | $21.9B | $3.0B | ||
| Q2 25 | $21.8B | $3.0B | ||
| Q1 25 | $21.2B | $3.0B | ||
| Q4 24 | $21.0B | $3.0B | ||
| Q3 24 | $21.3B | $2.9B | ||
| Q2 24 | $21.0B | $2.9B | ||
| Q1 24 | $20.6B | $2.8B |
| Q4 25 | 0.80× | 0.44× | ||
| Q3 25 | 0.73× | 0.43× | ||
| Q2 25 | 0.72× | 0.44× | ||
| Q1 25 | 0.70× | 0.33× | ||
| Q4 24 | 0.68× | 0.35× | ||
| Q3 24 | 0.70× | 0.32× | ||
| Q2 24 | 0.71× | 0.32× | ||
| Q1 24 | 0.68× | 0.26× |
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 | $125.4M |
| Free Cash FlowOCF − Capex | $1.4B | $111.2M |
| FCF MarginFCF / Revenue | 183.5% | 11.9% |
| Capex IntensityCapex / Revenue | 34.1% | 1.5% |
| Cash ConversionOCF / Net Profit | 10.07× | 1.10× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $403.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $125.4M | ||
| Q3 25 | $477.0M | $167.8M | ||
| Q2 25 | $377.8M | $87.7M | ||
| Q1 25 | $415.9M | $90.4M | ||
| Q4 24 | $1.6B | $72.9M | ||
| Q3 24 | $486.2M | $126.0M | ||
| Q2 24 | $380.0M | $141.5M | ||
| Q1 24 | $412.9M | $87.0M |
| Q4 25 | $1.4B | $111.2M | ||
| Q3 25 | $402.2M | $147.5M | ||
| Q2 25 | $317.1M | $73.0M | ||
| Q1 25 | $367.5M | $71.5M | ||
| Q4 24 | $1.4B | $47.9M | ||
| Q3 24 | $434.2M | $106.2M | ||
| Q2 24 | $333.0M | $120.2M | ||
| Q1 24 | $375.4M | $65.7M |
| Q4 25 | 183.5% | 11.9% | ||
| Q3 25 | 52.5% | 15.0% | ||
| Q2 25 | 41.7% | 7.8% | ||
| Q1 25 | 49.3% | 8.2% | ||
| Q4 24 | 191.0% | 5.3% | ||
| Q3 24 | 59.1% | 11.4% | ||
| Q2 24 | 45.9% | 13.0% | ||
| Q1 24 | 52.7% | 7.5% |
| Q4 25 | 34.1% | 1.5% | ||
| Q3 25 | 9.8% | 2.1% | ||
| Q2 25 | 8.0% | 1.6% | ||
| Q1 25 | 6.5% | 2.2% | ||
| Q4 24 | 26.1% | 2.8% | ||
| Q3 24 | 7.1% | 2.1% | ||
| Q2 24 | 6.5% | 2.3% | ||
| Q1 24 | 5.3% | 2.4% |
| Q4 25 | 10.07× | 1.10× | ||
| Q3 25 | 1.25× | 1.47× | ||
| Q2 25 | 1.41× | 1.52× | ||
| Q1 25 | 1.76× | 0.94× | ||
| Q4 24 | 5.70× | 0.74× | ||
| Q3 24 | 1.31× | 1.15× | ||
| Q2 24 | 1.50× | 1.25× | ||
| Q1 24 | 2.38× | 0.88× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
DCI
| Aftermarket Products | $447.1M | 48% |
| Industrial Filtration Solutions Products | $222.6M | 24% |
| Off Road Products | $86.5M | 9% |
| Life Sciences Segment | $80.0M | 9% |
| Other | $39.1M | 4% |
| Aerospace And Defense Products | $37.1M | 4% |
| On Road Products | $23.0M | 2% |
