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Side-by-side financial comparison of AvalonBay Communities (AVB) and FIRST HORIZON CORP (FHN). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $767.9M, roughly 1.2× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 29.4%, a 9011.2% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $389.0M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
AVB vs FHN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $888.0M |
| Net Profit | $166.0M | $261.0M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | 38.5% |
| Net Margin | 9040.6% | 29.4% |
| Revenue YoY | 3.7% | 21.8% |
| Net Profit YoY | -41.2% | 57.2% |
| EPS (diluted) | $1.18 | $0.51 |
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 | $888.0M | ||
| Q3 25 | $766.8M | $889.0M | ||
| Q2 25 | $760.2M | $830.0M | ||
| Q1 25 | $745.9M | $812.0M | ||
| Q4 24 | $740.5M | $729.0M | ||
| Q3 24 | $734.3M | $827.0M | ||
| Q2 24 | $726.0M | — | ||
| Q1 24 | $712.9M | $819.0M |
| Q4 25 | $166.0M | $261.0M | ||
| Q3 25 | $381.3M | $262.0M | ||
| Q2 25 | $268.7M | $241.0M | ||
| Q1 25 | $236.6M | $218.0M | ||
| Q4 24 | $282.1M | $166.0M | ||
| Q3 24 | $372.5M | $218.0M | ||
| Q2 24 | $253.9M | — | ||
| Q1 24 | $173.4M | $192.0M |
| Q4 25 | 64.2% | 38.5% | ||
| Q3 25 | 65.7% | 38.7% | ||
| Q2 25 | 67.6% | 37.2% | ||
| Q1 25 | 68.5% | 35.1% | ||
| Q4 24 | 63.1% | 28.8% | ||
| Q3 24 | 65.4% | 34.0% | ||
| Q2 24 | 66.6% | — | ||
| Q1 24 | 67.2% | 31.0% |
| Q4 25 | 9040.6% | 29.4% | ||
| Q3 25 | 49.7% | 29.5% | ||
| Q2 25 | 35.3% | 29.0% | ||
| Q1 25 | 31.7% | 26.8% | ||
| Q4 24 | 38.1% | 22.8% | ||
| Q3 24 | 50.7% | 26.4% | ||
| Q2 24 | 35.0% | — | ||
| Q1 24 | 24.3% | 23.4% |
| Q4 25 | $1.18 | $0.51 | ||
| Q3 25 | $2.68 | $0.50 | ||
| Q2 25 | $1.88 | $0.45 | ||
| Q1 25 | $1.66 | $0.41 | ||
| Q4 24 | $1.99 | $0.29 | ||
| Q3 24 | $2.61 | $0.40 | ||
| Q2 24 | $1.78 | — | ||
| Q1 24 | $1.22 | $0.33 |
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 | — |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $8.8B |
| Total Assets | $22.2B | $83.9B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | — | ||
| Q3 25 | $123.3M | — | ||
| Q2 25 | $102.8M | — | ||
| Q1 25 | $53.3M | — | ||
| Q4 24 | $108.6M | — | ||
| Q3 24 | $552.4M | — | ||
| Q2 24 | $545.8M | — | ||
| Q1 24 | $287.9M | — |
| 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 | $8.8B | ||
| Q3 25 | $11.9B | $8.9B | ||
| Q2 25 | $11.9B | $9.0B | ||
| Q1 25 | $11.9B | $8.7B | ||
| Q4 24 | $11.9B | $8.8B | ||
| Q3 24 | $11.9B | $9.0B | ||
| Q2 24 | $11.7B | — | ||
| Q1 24 | $11.7B | $8.9B |
| Q4 25 | $22.2B | $83.9B | ||
| Q3 25 | $21.9B | $83.2B | ||
| Q2 25 | $21.8B | $82.1B | ||
| Q1 25 | $21.2B | $81.5B | ||
| Q4 24 | $21.0B | $82.2B | ||
| Q3 24 | $21.3B | $82.6B | ||
| Q2 24 | $21.0B | — | ||
| Q1 24 | $20.6B | $81.8B |
| 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 | $396.0M |
| Free Cash FlowOCF − Capex | $1.4B | $389.0M |
| FCF MarginFCF / Revenue | 183.5% | 43.8% |
| Capex IntensityCapex / Revenue | 34.1% | 0.8% |
| Cash ConversionOCF / Net Profit | 10.07× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $595.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $396.0M | ||
| Q3 25 | $477.0M | $-200.0M | ||
| Q2 25 | $377.8M | $83.0M | ||
| Q1 25 | $415.9M | $349.0M | ||
| Q4 24 | $1.6B | $191.0M | ||
| Q3 24 | $486.2M | $389.0M | ||
| Q2 24 | $380.0M | — | ||
| Q1 24 | $412.9M | $838.0M |
| Q4 25 | $1.4B | $389.0M | ||
| Q3 25 | $402.2M | $-208.0M | ||
| Q2 25 | $317.1M | $74.0M | ||
| Q1 25 | $367.5M | $340.0M | ||
| Q4 24 | $1.4B | $174.0M | ||
| Q3 24 | $434.2M | $383.0M | ||
| Q2 24 | $333.0M | — | ||
| Q1 24 | $375.4M | $828.0M |
| Q4 25 | 183.5% | 43.8% | ||
| Q3 25 | 52.5% | -23.4% | ||
| Q2 25 | 41.7% | 8.9% | ||
| Q1 25 | 49.3% | 41.9% | ||
| Q4 24 | 191.0% | 23.9% | ||
| Q3 24 | 59.1% | 46.3% | ||
| Q2 24 | 45.9% | — | ||
| Q1 24 | 52.7% | 101.1% |
| Q4 25 | 34.1% | 0.8% | ||
| Q3 25 | 9.8% | 0.9% | ||
| Q2 25 | 8.0% | 1.1% | ||
| Q1 25 | 6.5% | 1.1% | ||
| Q4 24 | 26.1% | 2.3% | ||
| Q3 24 | 7.1% | 0.7% | ||
| Q2 24 | 6.5% | — | ||
| Q1 24 | 5.3% | 1.2% |
| Q4 25 | 10.07× | 1.52× | ||
| Q3 25 | 1.25× | -0.76× | ||
| Q2 25 | 1.41× | 0.34× | ||
| Q1 25 | 1.76× | 1.60× | ||
| Q4 24 | 5.70× | 1.15× | ||
| Q3 24 | 1.31× | 1.78× | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 2.38× | 4.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
