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Side-by-side financial comparison of AvalonBay Communities (AVB) and Dolby Laboratories, Inc. (DLB). Click either name above to swap in a different company.
AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $395.6M, roughly 1.9× Dolby Laboratories, Inc.). AvalonBay Communities runs the higher net margin — 9040.6% vs 24.0%, a 9016.6% gap on every dollar of revenue. On growth, Dolby Laboratories, Inc. posted the faster year-over-year revenue change (7.1% vs 3.7%). Over the past eight quarters, Dolby Laboratories, Inc.'s revenue compounded faster (13.9% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Dolby Laboratories, Inc. is an American technology corporation specializing in audio noise reduction, audio encoding/compression, spatial audio, and high-dynamic-range television (HDR) imaging. Dolby licenses its technologies to consumer electronics manufacturers.
AVB vs DLB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $395.6M |
| Net Profit | $166.0M | $94.9M |
| Gross Margin | — | 88.7% |
| Operating Margin | 64.2% | 28.5% |
| Net Margin | 9040.6% | 24.0% |
| Revenue YoY | 3.7% | 7.1% |
| Net Profit YoY | -41.2% | 3.4% |
| EPS (diluted) | $1.18 | $0.99 |
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.
| Q2 26 | — | $395.6M | ||
| Q1 26 | — | $346.7M | ||
| Q4 25 | $767.9M | $346.7M | ||
| Q3 25 | $766.8M | $307.0M | ||
| Q2 25 | $760.2M | $315.5M | ||
| Q1 25 | $745.9M | $369.6M | ||
| Q4 24 | $740.5M | $357.0M | ||
| Q3 24 | $734.3M | $304.8M |
| Q2 26 | — | $94.9M | ||
| Q1 26 | — | $53.3M | ||
| Q4 25 | $166.0M | $53.3M | ||
| Q3 25 | $381.3M | $49.3M | ||
| Q2 25 | $268.7M | $46.1M | ||
| Q1 25 | $236.6M | $91.8M | ||
| Q4 24 | $282.1M | $67.8M | ||
| Q3 24 | $372.5M | $58.6M |
| Q2 26 | — | 88.7% | ||
| Q1 26 | — | 87.5% | ||
| Q4 25 | — | 87.5% | ||
| Q3 25 | — | 87.1% | ||
| Q2 25 | — | 86.1% | ||
| Q1 25 | — | 90.3% | ||
| Q4 24 | — | 88.6% | ||
| Q3 24 | — | 88.8% |
| Q2 26 | — | 28.5% | ||
| Q1 26 | — | 17.9% | ||
| Q4 25 | 64.2% | 17.9% | ||
| Q3 25 | 65.7% | 9.7% | ||
| Q2 25 | 67.6% | 15.1% | ||
| Q1 25 | 68.5% | 29.2% | ||
| Q4 24 | 63.1% | 22.4% | ||
| Q3 24 | 65.4% | 15.2% |
| Q2 26 | — | 24.0% | ||
| Q1 26 | — | 15.4% | ||
| Q4 25 | 9040.6% | 15.4% | ||
| Q3 25 | 49.7% | 16.1% | ||
| Q2 25 | 35.3% | 14.6% | ||
| Q1 25 | 31.7% | 24.8% | ||
| Q4 24 | 38.1% | 19.0% | ||
| Q3 24 | 50.7% | 19.2% |
| Q2 26 | — | $0.99 | ||
| Q1 26 | — | $0.55 | ||
| Q4 25 | $1.18 | $0.55 | ||
| Q3 25 | $2.68 | $0.50 | ||
| Q2 25 | $1.88 | $0.48 | ||
| Q1 25 | $1.66 | $0.94 | ||
| Q4 24 | $1.99 | $0.70 | ||
| Q3 24 | $2.61 | $0.59 |
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 | $594.7M |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $2.6B |
| Total Assets | $22.2B | $3.2B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $594.7M | ||
| Q1 26 | — | $644.6M | ||
| Q4 25 | $187.2M | $644.6M | ||
| Q3 25 | $123.3M | $702.6M | ||
| Q2 25 | $102.8M | $699.3M | ||
| Q1 25 | $53.3M | $626.6M | ||
| Q4 24 | $108.6M | $520.8M | ||
| Q3 24 | $552.4M | $482.0M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $9.3B | — | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.4B | — |
| Q2 26 | — | $2.6B | ||
| Q1 26 | — | $2.6B | ||
| Q4 25 | $11.6B | $2.6B | ||
| Q3 25 | $11.9B | $2.6B | ||
| Q2 25 | $11.9B | $2.6B | ||
| Q1 25 | $11.9B | $2.6B | ||
| Q4 24 | $11.9B | $2.5B | ||
| Q3 24 | $11.9B | $2.5B |
| Q2 26 | — | $3.2B | ||
| Q1 26 | — | $3.2B | ||
| Q4 25 | $22.2B | $3.2B | ||
| Q3 25 | $21.9B | $3.2B | ||
| Q2 25 | $21.8B | $3.2B | ||
| Q1 25 | $21.2B | $3.2B | ||
| Q4 24 | $21.0B | $3.2B | ||
| Q3 24 | $21.3B | $3.1B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | — |
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 | $147.3M |
| Free Cash FlowOCF − Capex | $1.4B | — |
| FCF MarginFCF / Revenue | 183.5% | — |
| Capex IntensityCapex / Revenue | 34.1% | — |
| Cash ConversionOCF / Net Profit | 10.07× | 1.55× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $147.3M | ||
| Q1 26 | — | $54.8M | ||
| Q4 25 | $1.7B | $54.8M | ||
| Q3 25 | $477.0M | $472.2M | ||
| Q2 25 | $377.8M | $67.7M | ||
| Q1 25 | $415.9M | $174.9M | ||
| Q4 24 | $1.6B | $106.8M | ||
| Q3 24 | $486.2M | $327.3M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $50.2M | ||
| Q3 25 | $402.2M | $435.9M | ||
| Q2 25 | $317.1M | $61.3M | ||
| Q1 25 | $367.5M | $168.0M | ||
| Q4 24 | $1.4B | $100.0M | ||
| Q3 24 | $434.2M | $297.2M |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 183.5% | 14.5% | ||
| Q3 25 | 52.5% | 142.0% | ||
| Q2 25 | 41.7% | 19.4% | ||
| Q1 25 | 49.3% | 45.5% | ||
| Q4 24 | 191.0% | 28.0% | ||
| Q3 24 | 59.1% | 97.5% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 34.1% | 1.3% | ||
| Q3 25 | 9.8% | 11.8% | ||
| Q2 25 | 8.0% | 2.0% | ||
| Q1 25 | 6.5% | 1.9% | ||
| Q4 24 | 26.1% | 1.9% | ||
| Q3 24 | 7.1% | 9.8% |
| Q2 26 | — | 1.55× | ||
| Q1 26 | — | 1.03× | ||
| Q4 25 | 10.07× | 1.03× | ||
| Q3 25 | 1.25× | 9.57× | ||
| Q2 25 | 1.41× | 1.47× | ||
| Q1 25 | 1.76× | 1.91× | ||
| Q4 24 | 5.70× | 1.57× | ||
| Q3 24 | 1.31× | 5.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
DLB
| Licensing | $372.2M | 94% |
| Products and services | $23.4M | 6% |
