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Side-by-side financial comparison of AvalonBay Communities (AVB) and Evergy (EVRG). Click either name above to swap in a different company.
Evergy is the larger business by last-quarter revenue ($1.3B vs $767.9M, roughly 1.7× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 6.5%, a 9034.1% gap on every dollar of revenue. On growth, Evergy posted the faster year-over-year revenue change (5.3% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $-530.5M). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (3.8% CAGR vs 0.4%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri. The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, parent company of Kansas City Power & Light. Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial and industrial customers in Kansas and Missouri.
AVB vs EVRG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $1.3B |
| Net Profit | $166.0M | $84.3M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | 18.5% |
| Net Margin | 9040.6% | 6.5% |
| Revenue YoY | 3.7% | 5.3% |
| Net Profit YoY | -41.2% | 7.8% |
| EPS (diluted) | $1.18 | $0.35 |
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 | $1.3B | ||
| Q3 25 | $766.8M | $1.8B | ||
| Q2 25 | $760.2M | $1.4B | ||
| Q1 25 | $745.9M | $1.3B | ||
| Q4 24 | $740.5M | $1.2B | ||
| Q3 24 | $734.3M | $1.8B | ||
| Q2 24 | $726.0M | $1.4B | ||
| Q1 24 | $712.9M | $1.3B |
| Q4 25 | $166.0M | $84.3M | ||
| Q3 25 | $381.3M | $475.0M | ||
| Q2 25 | $268.7M | $171.3M | ||
| Q1 25 | $236.6M | $125.0M | ||
| Q4 24 | $282.1M | $78.2M | ||
| Q3 24 | $372.5M | $465.6M | ||
| Q2 24 | $253.9M | $207.0M | ||
| Q1 24 | $173.4M | $122.7M |
| Q4 25 | 64.2% | 18.5% | ||
| Q3 25 | 65.7% | 37.3% | ||
| Q2 25 | 67.6% | 25.4% | ||
| Q1 25 | 68.5% | 22.5% | ||
| Q4 24 | 63.1% | 18.1% | ||
| Q3 24 | 65.4% | 35.1% | ||
| Q2 24 | 66.6% | 25.4% | ||
| Q1 24 | 67.2% | 20.3% |
| Q4 25 | 9040.6% | 6.5% | ||
| Q3 25 | 49.7% | 26.9% | ||
| Q2 25 | 35.3% | 12.6% | ||
| Q1 25 | 31.7% | 9.7% | ||
| Q4 24 | 38.1% | 6.4% | ||
| Q3 24 | 50.7% | 26.0% | ||
| Q2 24 | 35.0% | 14.7% | ||
| Q1 24 | 24.3% | 9.6% |
| Q4 25 | $1.18 | $0.35 | ||
| Q3 25 | $2.68 | $2.03 | ||
| Q2 25 | $1.88 | $0.74 | ||
| Q1 25 | $1.66 | $0.54 | ||
| Q4 24 | $1.99 | $0.34 | ||
| Q3 24 | $2.61 | $2.02 | ||
| Q2 24 | $1.78 | $0.90 | ||
| Q1 24 | $1.22 | $0.53 |
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 | $19.8M |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $10.2B |
| Total Assets | $22.2B | $33.9B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $19.8M | ||
| Q3 25 | $123.3M | $27.5M | ||
| Q2 25 | $102.8M | $27.8M | ||
| Q1 25 | $53.3M | $35.3M | ||
| Q4 24 | $108.6M | $22.0M | ||
| Q3 24 | $552.4M | $34.6M | ||
| Q2 24 | $545.8M | $26.1M | ||
| Q1 24 | $287.9M | $63.7M |
| 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 24 | $8.4B | — | ||
| Q1 24 | $8.0B | — |
| Q4 25 | $11.6B | $10.2B | ||
| Q3 25 | $11.9B | $10.3B | ||
| Q2 25 | $11.9B | $10.0B | ||
| Q1 25 | $11.9B | $9.9B | ||
| Q4 24 | $11.9B | $10.0B | ||
| Q3 24 | $11.9B | $10.0B | ||
| Q2 24 | $11.7B | $9.7B | ||
| Q1 24 | $11.7B | $9.6B |
| Q4 25 | $22.2B | $33.9B | ||
| Q3 25 | $21.9B | $33.4B | ||
| Q2 25 | $21.8B | $32.9B | ||
| Q1 25 | $21.2B | $32.5B | ||
| Q4 24 | $21.0B | $32.3B | ||
| Q3 24 | $21.3B | $32.1B | ||
| Q2 24 | $21.0B | $31.8B | ||
| Q1 24 | $20.6B | $31.3B |
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.68× | — | ||
| 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 | $334.0M |
| Free Cash FlowOCF − Capex | $1.4B | $-530.5M |
| FCF MarginFCF / Revenue | 183.5% | -41.1% |
| Capex IntensityCapex / Revenue | 34.1% | 66.9% |
| Cash ConversionOCF / Net Profit | 10.07× | 3.96× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $-751.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $334.0M | ||
| Q3 25 | $477.0M | $937.7M | ||
| Q2 25 | $377.8M | $323.9M | ||
| Q1 25 | $415.9M | $449.6M | ||
| Q4 24 | $1.6B | $395.6M | ||
| Q3 24 | $486.2M | $953.3M | ||
| Q2 24 | $380.0M | $317.5M | ||
| Q1 24 | $412.9M | $317.3M |
| Q4 25 | $1.4B | $-530.5M | ||
| Q3 25 | $402.2M | $225.4M | ||
| Q2 25 | $317.1M | $-303.4M | ||
| Q1 25 | $367.5M | $-143.2M | ||
| Q4 24 | $1.4B | $-118.6M | ||
| Q3 24 | $434.2M | $427.0M | ||
| Q2 24 | $333.0M | $-360.0M | ||
| Q1 24 | $375.4M | $-301.3M |
| Q4 25 | 183.5% | -41.1% | ||
| Q3 25 | 52.5% | 12.8% | ||
| Q2 25 | 41.7% | -22.4% | ||
| Q1 25 | 49.3% | -11.1% | ||
| Q4 24 | 191.0% | -9.7% | ||
| Q3 24 | 59.1% | 23.9% | ||
| Q2 24 | 45.9% | -25.6% | ||
| Q1 24 | 52.7% | -23.5% |
| Q4 25 | 34.1% | 66.9% | ||
| Q3 25 | 9.8% | 40.4% | ||
| Q2 25 | 8.0% | 46.3% | ||
| Q1 25 | 6.5% | 45.8% | ||
| Q4 24 | 26.1% | 41.9% | ||
| Q3 24 | 7.1% | 29.4% | ||
| Q2 24 | 6.5% | 48.1% | ||
| Q1 24 | 5.3% | 48.3% |
| Q4 25 | 10.07× | 3.96× | ||
| Q3 25 | 1.25× | 1.97× | ||
| Q2 25 | 1.41× | 1.89× | ||
| Q1 25 | 1.76× | 3.60× | ||
| Q4 24 | 5.70× | 5.06× | ||
| Q3 24 | 1.31× | 2.05× | ||
| Q2 24 | 1.50× | 1.53× | ||
| Q1 24 | 2.38× | 2.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
EVRG
| Electric Utility Customer Class Residential | $462.9M | 36% |
| Electric Utility Customer Class Commercial | $447.6M | 35% |
| Electric Utility Customer Class Industrial | $164.1M | 13% |
| Electric Utility Customer Class Transmission | $129.4M | 10% |
| Electric Utility Customer Class Wholesale | $69.7M | 5% |
| Electric Utility Customer Class Other Retail | $12.2M | 1% |
| Electric Utility Customer Class Industrial Steam | $5.7M | 0% |
