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Side-by-side financial comparison of AvalonBay Communities (AVB) and FactSet (FDS). Click either name above to swap in a different company.

AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $607.6M, roughly 1.3× FactSet). AvalonBay Communities runs the higher net margin — 9040.6% vs 25.1%, a 9015.5% gap on every dollar of revenue. On growth, FactSet posted the faster year-over-year revenue change (6.9% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $90.4M). Over the past eight quarters, FactSet's revenue compounded faster (5.5% CAGR vs 3.8%).

AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.

FactSet Research Systems Inc., trading as FactSet, is an American financial data and software company headquartered in Norwalk, Connecticut, United States. The company provides integrated data and software. For fiscal year 2024, FactSet's total ASV and professional services revenues were $2.2 billion. FactSet's total market value is approximately $17 billion.

AVB vs FDS — Head-to-Head

Bigger by revenue
AVB
AVB
1.3× larger
AVB
$767.9M
$607.6M
FDS
Growing faster (revenue YoY)
FDS
FDS
+3.2% gap
FDS
6.9%
3.7%
AVB
Higher net margin
AVB
AVB
9015.5% more per $
AVB
9040.6%
25.1%
FDS
More free cash flow
AVB
AVB
$1.3B more FCF
AVB
$1.4B
$90.4M
FDS
Faster 2-yr revenue CAGR
FDS
FDS
Annualised
FDS
5.5%
3.8%
AVB

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AVB
AVB
FDS
FDS
Revenue
$767.9M
$607.6M
Net Profit
$166.0M
$152.6M
Gross Margin
52.6%
Operating Margin
64.2%
31.6%
Net Margin
9040.6%
25.1%
Revenue YoY
3.7%
6.9%
Net Profit YoY
-41.2%
1.7%
EPS (diluted)
$1.18
$4.06

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.

Revenue
AVB
AVB
FDS
FDS
Q4 25
$767.9M
$607.6M
Q3 25
$766.8M
$596.9M
Q2 25
$760.2M
$585.5M
Q1 25
$745.9M
$570.7M
Q4 24
$740.5M
$568.7M
Q3 24
$734.3M
$562.2M
Q2 24
$726.0M
$552.7M
Q1 24
$712.9M
$545.9M
Net Profit
AVB
AVB
FDS
FDS
Q4 25
$166.0M
$152.6M
Q3 25
$381.3M
$153.6M
Q2 25
$268.7M
$148.5M
Q1 25
$236.6M
$144.9M
Q4 24
$282.1M
$150.0M
Q3 24
$372.5M
$89.5M
Q2 24
$253.9M
$158.1M
Q1 24
$173.4M
$140.9M
Gross Margin
AVB
AVB
FDS
FDS
Q4 25
52.6%
Q3 25
51.6%
Q2 25
52.1%
Q1 25
52.8%
Q4 24
54.5%
Q3 24
54.1%
Q2 24
55.3%
Q1 24
53.3%
Operating Margin
AVB
AVB
FDS
FDS
Q4 25
64.2%
31.6%
Q3 25
65.7%
29.7%
Q2 25
67.6%
33.2%
Q1 25
68.5%
32.5%
Q4 24
63.1%
33.6%
Q3 24
65.4%
22.7%
Q2 24
66.6%
36.6%
Q1 24
67.2%
33.3%
Net Margin
AVB
AVB
FDS
FDS
Q4 25
9040.6%
25.1%
Q3 25
49.7%
25.7%
Q2 25
35.3%
25.4%
Q1 25
31.7%
25.4%
Q4 24
38.1%
26.4%
Q3 24
50.7%
15.9%
Q2 24
35.0%
28.6%
Q1 24
24.3%
25.8%
EPS (diluted)
AVB
AVB
FDS
FDS
Q4 25
$1.18
$4.06
Q3 25
$2.68
$4.03
Q2 25
$1.88
$3.87
Q1 25
$1.66
$3.76
Q4 24
$1.99
$3.89
Q3 24
$2.61
$2.33
Q2 24
$1.78
$4.09
Q1 24
$1.22
$3.65

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVB
AVB
FDS
FDS
Cash + ST InvestmentsLiquidity on hand
$187.2M
$292.7M
Total DebtLower is stronger
$9.3B
$1.4B
Stockholders' EquityBook value
$11.6B
$2.2B
Total Assets
$22.2B
$4.2B
Debt / EquityLower = less leverage
0.80×
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
FDS
FDS
Q4 25
$187.2M
$292.7M
Q3 25
$123.3M
$355.1M
Q2 25
$102.8M
$364.0M
Q1 25
$53.3M
$287.0M
Q4 24
$108.6M
$358.8M
Q3 24
$552.4M
$492.6M
Q2 24
$545.8M
$522.0M
Q1 24
$287.9M
$450.2M
Total Debt
AVB
AVB
FDS
FDS
Q4 25
$9.3B
$1.4B
Q3 25
$8.7B
$1.4B
Q2 25
$8.7B
$1.4B
Q1 25
$8.3B
$1.5B
Q4 24
$8.1B
$1.4B
Q3 24
$8.4B
$1.4B
Q2 24
$8.4B
$1.4B
Q1 24
$8.0B
$1.5B
Stockholders' Equity
AVB
AVB
FDS
FDS
Q4 25
$11.6B
$2.2B
Q3 25
$11.9B
$2.2B
Q2 25
$11.9B
$2.2B
Q1 25
$11.9B
$2.1B
Q4 24
$11.9B
$2.0B
Q3 24
$11.9B
$1.9B
Q2 24
$11.7B
$1.9B
Q1 24
$11.7B
$1.8B
Total Assets
AVB
AVB
FDS
FDS
Q4 25
$22.2B
$4.2B
Q3 25
$21.9B
$4.3B
Q2 25
$21.8B
$4.3B
Q1 25
$21.2B
$4.2B
Q4 24
$21.0B
$4.0B
Q3 24
$21.3B
$4.1B
Q2 24
$21.0B
$4.0B
Q1 24
$20.6B
$4.0B
Debt / Equity
AVB
AVB
FDS
FDS
Q4 25
0.80×
0.63×
Q3 25
0.73×
0.63×
Q2 25
0.72×
0.66×
Q1 25
0.70×
0.72×
Q4 24
0.68×
0.68×
Q3 24
0.70×
0.71×
Q2 24
0.71×
0.76×
Q1 24
0.68×
0.83×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVB
AVB
FDS
FDS
Operating Cash FlowLast quarter
$1.7B
$121.3M
Free Cash FlowOCF − Capex
$1.4B
$90.4M
FCF MarginFCF / Revenue
183.5%
14.9%
Capex IntensityCapex / Revenue
34.1%
5.1%
Cash ConversionOCF / Net Profit
10.07×
0.79×
TTM Free Cash FlowTrailing 4 quarters
$2.5B
$647.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
FDS
FDS
Q4 25
$1.7B
$121.3M
Q3 25
$477.0M
$212.1M
Q2 25
$377.8M
$253.8M
Q1 25
$415.9M
$174.0M
Q4 24
$1.6B
$86.4M
Q3 24
$486.2M
$163.2M
Q2 24
$380.0M
$238.2M
Q1 24
$412.9M
$143.8M
Free Cash Flow
AVB
AVB
FDS
FDS
Q4 25
$1.4B
$90.4M
Q3 25
$402.2M
$178.1M
Q2 25
$317.1M
$228.6M
Q1 25
$367.5M
$150.2M
Q4 24
$1.4B
$60.5M
Q3 24
$434.2M
$137.2M
Q2 24
$333.0M
$216.9M
Q1 24
$375.4M
$121.9M
FCF Margin
AVB
AVB
FDS
FDS
Q4 25
183.5%
14.9%
Q3 25
52.5%
29.8%
Q2 25
41.7%
39.0%
Q1 25
49.3%
26.3%
Q4 24
191.0%
10.6%
Q3 24
59.1%
24.4%
Q2 24
45.9%
39.2%
Q1 24
52.7%
22.3%
Capex Intensity
AVB
AVB
FDS
FDS
Q4 25
34.1%
5.1%
Q3 25
9.8%
5.7%
Q2 25
8.0%
4.3%
Q1 25
6.5%
4.2%
Q4 24
26.1%
4.5%
Q3 24
7.1%
4.6%
Q2 24
6.5%
3.9%
Q1 24
5.3%
4.0%
Cash Conversion
AVB
AVB
FDS
FDS
Q4 25
10.07×
0.79×
Q3 25
1.25×
1.38×
Q2 25
1.41×
1.71×
Q1 25
1.76×
1.20×
Q4 24
5.70×
0.58×
Q3 24
1.31×
1.82×
Q2 24
1.50×
1.51×
Q1 24
2.38×
1.02×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVB
AVB

Segment breakdown not available.

FDS
FDS

Americas Segment$399.7M66%
EMEA Segment$149.1M25%
Asia Pacific Segment$62.2M10%

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