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Side-by-side financial comparison of AvalonBay Communities (AVB) and Fabrinet (FN). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $767.9M, roughly 1.5× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 9.9%, a 9030.6% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
AVB vs FN — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $1.1B |
| Net Profit | $166.0M | $112.6M |
| Gross Margin | — | 12.2% |
| Operating Margin | 64.2% | 10.1% |
| Net Margin | 9040.6% | 9.9% |
| Revenue YoY | 3.7% | 35.9% |
| Net Profit YoY | -41.2% | 30.0% |
| EPS (diluted) | $1.18 | $3.11 |
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 | $1.1B | ||
| Q3 25 | $766.8M | $978.1M | ||
| Q2 25 | $760.2M | $909.7M | ||
| Q1 25 | $745.9M | $871.8M | ||
| Q4 24 | $740.5M | $833.6M | ||
| Q3 24 | $734.3M | $804.2M | ||
| Q2 24 | $726.0M | $753.3M | ||
| Q1 24 | $712.9M | $731.5M |
| Q4 25 | $166.0M | $112.6M | ||
| Q3 25 | $381.3M | $95.9M | ||
| Q2 25 | $268.7M | $87.2M | ||
| Q1 25 | $236.6M | $81.3M | ||
| Q4 24 | $282.1M | $86.6M | ||
| Q3 24 | $372.5M | $77.4M | ||
| Q2 24 | $253.9M | $81.1M | ||
| Q1 24 | $173.4M | $80.9M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | 11.9% | ||
| Q2 25 | — | 12.2% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | — | 12.3% | ||
| Q1 24 | — | 12.4% |
| Q4 25 | 64.2% | 10.1% | ||
| Q3 25 | 65.7% | 9.6% | ||
| Q2 25 | 67.6% | 9.8% | ||
| Q1 25 | 68.5% | 9.0% | ||
| Q4 24 | 63.1% | 9.5% | ||
| Q3 24 | 65.4% | 9.6% | ||
| Q2 24 | 66.6% | 9.7% | ||
| Q1 24 | 67.2% | 9.7% |
| Q4 25 | 9040.6% | 9.9% | ||
| Q3 25 | 49.7% | 9.8% | ||
| Q2 25 | 35.3% | 9.6% | ||
| Q1 25 | 31.7% | 9.3% | ||
| Q4 24 | 38.1% | 10.4% | ||
| Q3 24 | 50.7% | 9.6% | ||
| Q2 24 | 35.0% | 10.8% | ||
| Q1 24 | 24.3% | 11.1% |
| Q4 25 | $1.18 | $3.11 | ||
| Q3 25 | $2.68 | $2.66 | ||
| Q2 25 | $1.88 | $2.41 | ||
| Q1 25 | $1.66 | $2.25 | ||
| Q4 24 | $1.99 | $2.38 | ||
| Q3 24 | $2.61 | $2.13 | ||
| Q2 24 | $1.78 | $2.22 | ||
| Q1 24 | $1.22 | $2.21 |
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 | $960.8M |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $2.2B |
| Total Assets | $22.2B | $3.3B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $960.8M | ||
| Q3 25 | $123.3M | $968.8M | ||
| Q2 25 | $102.8M | $934.2M | ||
| Q1 25 | $53.3M | $950.7M | ||
| Q4 24 | $108.6M | $934.6M | ||
| Q3 24 | $552.4M | $908.9M | ||
| Q2 24 | $545.8M | $858.6M | ||
| Q1 24 | $287.9M | $794.0M |
| 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 | $2.2B | ||
| Q3 25 | $11.9B | $2.1B | ||
| Q2 25 | $11.9B | $2.0B | ||
| Q1 25 | $11.9B | $1.9B | ||
| Q4 24 | $11.9B | $1.8B | ||
| Q3 24 | $11.9B | $1.8B | ||
| Q2 24 | $11.7B | $1.7B | ||
| Q1 24 | $11.7B | $1.7B |
| Q4 25 | $22.2B | $3.3B | ||
| Q3 25 | $21.9B | $3.0B | ||
| Q2 25 | $21.8B | $2.8B | ||
| Q1 25 | $21.2B | $2.6B | ||
| Q4 24 | $21.0B | $2.5B | ||
| Q3 24 | $21.3B | $2.4B | ||
| Q2 24 | $21.0B | $2.3B | ||
| Q1 24 | $20.6B | $2.2B |
| 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 | $46.3M |
| Free Cash FlowOCF − Capex | $1.4B | $-5.3M |
| FCF MarginFCF / Revenue | 183.5% | -0.5% |
| Capex IntensityCapex / Revenue | 34.1% | 4.6% |
| Cash ConversionOCF / Net Profit | 10.07× | 0.41× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $102.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $46.3M | ||
| Q3 25 | $477.0M | $102.6M | ||
| Q2 25 | $377.8M | $55.1M | ||
| Q1 25 | $415.9M | $74.2M | ||
| Q4 24 | $1.6B | $115.9M | ||
| Q3 24 | $486.2M | $83.2M | ||
| Q2 24 | $380.0M | $83.1M | ||
| Q1 24 | $412.9M | $100.9M |
| Q4 25 | $1.4B | $-5.3M | ||
| Q3 25 | $402.2M | $57.3M | ||
| Q2 25 | $317.1M | $4.7M | ||
| Q1 25 | $367.5M | $45.7M | ||
| Q4 24 | $1.4B | $94.0M | ||
| Q3 24 | $434.2M | $62.9M | ||
| Q2 24 | $333.0M | $70.4M | ||
| Q1 24 | $375.4M | $87.3M |
| Q4 25 | 183.5% | -0.5% | ||
| Q3 25 | 52.5% | 5.9% | ||
| Q2 25 | 41.7% | 0.5% | ||
| Q1 25 | 49.3% | 5.2% | ||
| Q4 24 | 191.0% | 11.3% | ||
| Q3 24 | 59.1% | 7.8% | ||
| Q2 24 | 45.9% | 9.3% | ||
| Q1 24 | 52.7% | 11.9% |
| Q4 25 | 34.1% | 4.6% | ||
| Q3 25 | 9.8% | 4.6% | ||
| Q2 25 | 8.0% | 5.5% | ||
| Q1 25 | 6.5% | 3.3% | ||
| Q4 24 | 26.1% | 2.6% | ||
| Q3 24 | 7.1% | 2.5% | ||
| Q2 24 | 6.5% | 1.7% | ||
| Q1 24 | 5.3% | 1.9% |
| Q4 25 | 10.07× | 0.41× | ||
| Q3 25 | 1.25× | 1.07× | ||
| Q2 25 | 1.41× | 0.63× | ||
| Q1 25 | 1.76× | 0.91× | ||
| Q4 24 | 5.70× | 1.34× | ||
| Q3 24 | 1.31× | 1.07× | ||
| Q2 24 | 1.50× | 1.02× | ||
| Q1 24 | 2.38× | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
