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Side-by-side financial comparison of AvalonBay Communities (AVB) and Global Business Travel Group, Inc. (GBTG). Click either name above to swap in a different company.
Global Business Travel Group, Inc. is the larger business by last-quarter revenue ($792.0M vs $767.9M, roughly 1.0× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 10.5%, a 9030.1% gap on every dollar of revenue. On growth, Global Business Travel Group, Inc. posted the faster year-over-year revenue change (34.0% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $13.0M). Over the past eight quarters, Global Business Travel Group, 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.
A travel management company (TMC) is a travel agency which manages organizations' corporate or business travel programs. Such companies will often provide an end-user online booking tool, mobile application, program management, and consulting teams, executive travel services, meetings and events support, reporting functionality, duty of care, and more. Non-Profit travel management companies also provide services to manage complex visa requirements, pre-trip medical needs, remote area travel, ...
AVB vs GBTG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $792.0M |
| Net Profit | $166.0M | $83.0M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | 3.7% |
| Net Margin | 9040.6% | 10.5% |
| Revenue YoY | 3.7% | 34.0% |
| Net Profit YoY | -41.2% | 692.9% |
| EPS (diluted) | $1.18 | $0.16 |
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 | $792.0M | ||
| Q3 25 | $766.8M | $674.0M | ||
| Q2 25 | $760.2M | $631.0M | ||
| Q1 25 | $745.9M | $621.0M | ||
| Q4 24 | $740.5M | $591.0M | ||
| Q3 24 | $734.3M | $597.0M | ||
| Q2 24 | $726.0M | $625.0M | ||
| Q1 24 | $712.9M | $610.0M |
| Q4 25 | $166.0M | $83.0M | ||
| Q3 25 | $381.3M | $-62.0M | ||
| Q2 25 | $268.7M | $15.0M | ||
| Q1 25 | $236.6M | $75.0M | ||
| Q4 24 | $282.1M | $-14.0M | ||
| Q3 24 | $372.5M | $-128.0M | ||
| Q2 24 | $253.9M | $27.0M | ||
| Q1 24 | $173.4M | $-19.0M |
| Q4 25 | 64.2% | 3.7% | ||
| Q3 25 | 65.7% | 1.8% | ||
| Q2 25 | 67.6% | 5.4% | ||
| Q1 25 | 68.5% | 8.9% | ||
| Q4 24 | 63.1% | 5.1% | ||
| Q3 24 | 65.4% | 4.5% | ||
| Q2 24 | 66.6% | 6.7% | ||
| Q1 24 | 67.2% | 2.6% |
| Q4 25 | 9040.6% | 10.5% | ||
| Q3 25 | 49.7% | -9.2% | ||
| Q2 25 | 35.3% | 2.4% | ||
| Q1 25 | 31.7% | 12.1% | ||
| Q4 24 | 38.1% | -2.4% | ||
| Q3 24 | 50.7% | -21.4% | ||
| Q2 24 | 35.0% | 4.3% | ||
| Q1 24 | 24.3% | -3.1% |
| Q4 25 | $1.18 | $0.16 | ||
| Q3 25 | $2.68 | $-0.13 | ||
| Q2 25 | $1.88 | $0.03 | ||
| Q1 25 | $1.66 | $0.16 | ||
| Q4 24 | $1.99 | $-0.04 | ||
| Q3 24 | $2.61 | $-0.28 | ||
| Q2 24 | $1.78 | $0.06 | ||
| Q1 24 | $1.22 | $-0.04 |
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 | $434.0M |
| Total DebtLower is stronger | $9.3B | $1.4B |
| Stockholders' EquityBook value | $11.6B | $1.6B |
| Total Assets | $22.2B | $4.9B |
| Debt / EquityLower = less leverage | 0.80× | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $434.0M | ||
| Q3 25 | $123.3M | $427.0M | ||
| Q2 25 | $102.8M | $601.0M | ||
| Q1 25 | $53.3M | $552.0M | ||
| Q4 24 | $108.6M | $536.0M | ||
| Q3 24 | $552.4M | $524.0M | ||
| Q2 24 | $545.8M | $515.0M | ||
| Q1 24 | $287.9M | $475.0M |
| Q4 25 | $9.3B | $1.4B | ||
| Q3 25 | $8.7B | $1.4B | ||
| Q2 25 | $8.7B | $1.4B | ||
| Q1 25 | $8.3B | $1.4B | ||
| Q4 24 | $8.1B | $1.4B | ||
| Q3 24 | $8.4B | $1.4B | ||
| Q2 24 | $8.4B | — | ||
| Q1 24 | $8.0B | — |
| Q4 25 | $11.6B | $1.6B | ||
| Q3 25 | $11.9B | $1.5B | ||
| Q2 25 | $11.9B | $1.2B | ||
| Q1 25 | $11.9B | $1.1B | ||
| Q4 24 | $11.9B | $1.1B | ||
| Q3 24 | $11.9B | $1.1B | ||
| Q2 24 | $11.7B | $1.2B | ||
| Q1 24 | $11.7B | $1.2B |
| Q4 25 | $22.2B | $4.9B | ||
| Q3 25 | $21.9B | $4.8B | ||
| Q2 25 | $21.8B | $3.9B | ||
| Q1 25 | $21.2B | $3.8B | ||
| Q4 24 | $21.0B | $3.6B | ||
| Q3 24 | $21.3B | $3.8B | ||
| Q2 24 | $21.0B | $3.8B | ||
| Q1 24 | $20.6B | $3.8B |
| Q4 25 | 0.80× | 0.88× | ||
| Q3 25 | 0.73× | 0.91× | ||
| Q2 25 | 0.72× | 1.15× | ||
| Q1 25 | 0.70× | 1.23× | ||
| Q4 24 | 0.68× | 1.32× | ||
| Q3 24 | 0.70× | 1.26× | ||
| 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 | $52.0M |
| Free Cash FlowOCF − Capex | $1.4B | $13.0M |
| FCF MarginFCF / Revenue | 183.5% | 1.6% |
| Capex IntensityCapex / Revenue | 34.1% | 4.9% |
| Cash ConversionOCF / Net Profit | 10.07× | 0.63× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $104.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $52.0M | ||
| Q3 25 | $477.0M | $71.0M | ||
| Q2 25 | $377.8M | $57.0M | ||
| Q1 25 | $415.9M | $53.0M | ||
| Q4 24 | $1.6B | $65.0M | ||
| Q3 24 | $486.2M | $85.0M | ||
| Q2 24 | $380.0M | $73.0M | ||
| Q1 24 | $412.9M | $49.0M |
| Q4 25 | $1.4B | $13.0M | ||
| Q3 25 | $402.2M | $38.0M | ||
| Q2 25 | $317.1M | $27.0M | ||
| Q1 25 | $367.5M | $26.0M | ||
| Q4 24 | $1.4B | $33.0M | ||
| Q3 24 | $434.2M | $59.0M | ||
| Q2 24 | $333.0M | $49.0M | ||
| Q1 24 | $375.4M | $24.0M |
| Q4 25 | 183.5% | 1.6% | ||
| Q3 25 | 52.5% | 5.6% | ||
| Q2 25 | 41.7% | 4.3% | ||
| Q1 25 | 49.3% | 4.2% | ||
| Q4 24 | 191.0% | 5.6% | ||
| Q3 24 | 59.1% | 9.9% | ||
| Q2 24 | 45.9% | 7.8% | ||
| Q1 24 | 52.7% | 3.9% |
| Q4 25 | 34.1% | 4.9% | ||
| Q3 25 | 9.8% | 4.9% | ||
| Q2 25 | 8.0% | 4.8% | ||
| Q1 25 | 6.5% | 4.3% | ||
| Q4 24 | 26.1% | 5.4% | ||
| Q3 24 | 7.1% | 4.4% | ||
| Q2 24 | 6.5% | 3.8% | ||
| Q1 24 | 5.3% | 4.1% |
| Q4 25 | 10.07× | 0.63× | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.41× | 3.80× | ||
| Q1 25 | 1.76× | 0.71× | ||
| Q4 24 | 5.70× | — | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.50× | 2.70× | ||
| Q1 24 | 2.38× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
GBTG
| Travel | $620.0M | 78% |
| Other | $172.0M | 22% |
