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Side-by-side financial comparison of AvalonBay Communities (AVB) and GLADSTONE COMMERCIAL CORP (GOOD). Click either name above to swap in a different company.
GLADSTONE COMMERCIAL CORP is the larger business by last-quarter revenue ($43.5M vs $1.8M, roughly 23.7× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 12.4%, a 9028.2% gap on every dollar of revenue. On growth, GLADSTONE COMMERCIAL CORP posted the faster year-over-year revenue change (16.3% vs 5.5%). Over the past eight quarters, GLADSTONE COMMERCIAL CORP's revenue compounded faster (10.3% CAGR vs 1.1%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Gladstone Commercial Corp is a publicly traded US real estate investment trust focused on acquiring, owning, and operating diversified industrial and commercial properties. It offers long-term net lease agreements to tenants across manufacturing, logistics, healthcare and professional services sectors, mainly serving small to mid-sized business clients.
AVB vs GOOD — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.8M | $43.5M |
| Net Profit | $166.0M | $5.4M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 9040.6% | 12.4% |
| Revenue YoY | 5.5% | 16.3% |
| Net Profit YoY | -41.2% | -25.1% |
| EPS (diluted) | $1.18 | $0.05 |
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 | $1.8M | $43.5M | ||
| Q3 25 | $1.9M | $40.8M | ||
| Q2 25 | $1.6M | $39.5M | ||
| Q1 25 | $1.7M | $37.5M | ||
| Q4 24 | $1.7M | $37.4M | ||
| Q3 24 | $1.7M | $39.2M | ||
| Q2 24 | $1.8M | $37.1M | ||
| Q1 24 | $1.8M | $35.7M |
| Q4 25 | $166.0M | $5.4M | ||
| Q3 25 | $381.3M | $4.1M | ||
| Q2 25 | $268.7M | $4.6M | ||
| Q1 25 | $236.6M | $5.1M | ||
| Q4 24 | $282.1M | $7.2M | ||
| Q3 24 | $372.5M | $11.7M | ||
| Q2 24 | $253.9M | $1.6M | ||
| Q1 24 | $173.4M | $3.5M |
| Q4 25 | 9040.6% | 12.4% | ||
| Q3 25 | 20390.7% | 10.1% | ||
| Q2 25 | 16854.8% | 11.7% | ||
| Q1 25 | 13581.9% | 13.7% | ||
| Q4 24 | 16212.2% | 19.2% | ||
| Q3 24 | 21708.6% | 29.8% | ||
| Q2 24 | 13876.2% | 4.3% | ||
| Q1 24 | 9662.9% | 9.9% |
| Q4 25 | $1.18 | $0.05 | ||
| Q3 25 | $2.68 | $0.02 | ||
| Q2 25 | $1.88 | $0.03 | ||
| Q1 25 | $1.66 | $0.04 | ||
| Q4 24 | $1.99 | $0.10 | ||
| Q3 24 | $2.61 | $0.20 | ||
| Q2 24 | $1.78 | $-0.04 | ||
| Q1 24 | $1.22 | $0.01 |
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 | $10.8M |
| Total DebtLower is stronger | $9.3B | $843.5M |
| Stockholders' EquityBook value | $11.6B | $171.8M |
| Total Assets | $22.2B | $1.2B |
| Debt / EquityLower = less leverage | 0.80× | 4.91× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $10.8M | ||
| Q3 25 | $123.3M | $18.4M | ||
| Q2 25 | $102.8M | $11.7M | ||
| Q1 25 | $53.3M | $10.4M | ||
| Q4 24 | $108.6M | $11.0M | ||
| Q3 24 | $552.4M | $10.5M | ||
| Q2 24 | $545.8M | $10.4M | ||
| Q1 24 | $287.9M | $10.5M |
| Q4 25 | $9.3B | $843.5M | ||
| Q3 25 | $8.7B | $843.3M | ||
| Q2 25 | $8.7B | $794.4M | ||
| Q1 25 | $8.3B | $740.7M | ||
| Q4 24 | $8.1B | $693.4M | ||
| Q3 24 | $8.4B | $692.6M | ||
| Q2 24 | $8.4B | $722.5M | ||
| Q1 24 | $8.0B | $719.4M |
| Q4 25 | $11.6B | $171.8M | ||
| Q3 25 | $11.9B | $184.8M | ||
| Q2 25 | $11.9B | $177.2M | ||
| Q1 25 | $11.9B | $183.2M | ||
| Q4 24 | $11.9B | $171.2M | ||
| Q3 24 | $11.9B | $168.9M | ||
| Q2 24 | $11.7B | $145.7M | ||
| Q1 24 | $11.7B | $147.3M |
| Q4 25 | $22.2B | $1.2B | ||
| Q3 25 | $21.9B | $1.3B | ||
| Q2 25 | $21.8B | $1.2B | ||
| Q1 25 | $21.2B | $1.2B | ||
| Q4 24 | $21.0B | $1.1B | ||
| Q3 24 | $21.3B | $1.1B | ||
| Q2 24 | $21.0B | $1.1B | ||
| Q1 24 | $20.6B | $1.1B |
| Q4 25 | 0.80× | 4.91× | ||
| Q3 25 | 0.73× | 4.56× | ||
| Q2 25 | 0.72× | 4.48× | ||
| Q1 25 | 0.70× | 4.04× | ||
| Q4 24 | 0.68× | 4.05× | ||
| Q3 24 | 0.70× | 4.10× | ||
| Q2 24 | 0.71× | 4.96× | ||
| Q1 24 | 0.68× | 4.88× |
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 | $400.4M | $15.7M |
| Free Cash FlowOCF − Capex | $322.5M | — |
| FCF MarginFCF / Revenue | 17563.8% | — |
| Capex IntensityCapex / Revenue | 4246.2% | — |
| Cash ConversionOCF / Net Profit | 2.41× | 2.92× |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $400.4M | $15.7M | ||
| Q3 25 | $477.0M | $18.9M | ||
| Q2 25 | $377.8M | $35.8M | ||
| Q1 25 | $415.9M | $17.7M | ||
| Q4 24 | $328.8M | $22.8M | ||
| Q3 24 | $486.2M | $5.5M | ||
| Q2 24 | $380.0M | $13.6M | ||
| Q1 24 | $412.9M | $15.0M |
| Q4 25 | $322.5M | — | ||
| Q3 25 | $402.2M | — | ||
| Q2 25 | $317.1M | — | ||
| Q1 25 | $367.5M | — | ||
| Q4 24 | $271.9M | — | ||
| Q3 24 | $434.2M | — | ||
| Q2 24 | $333.0M | — | ||
| Q1 24 | $375.4M | — |
| Q4 25 | 17563.8% | — | ||
| Q3 25 | 21507.4% | — | ||
| Q2 25 | 19896.0% | — | ||
| Q1 25 | 21098.3% | — | ||
| Q4 24 | 15626.2% | — | ||
| Q3 24 | 25305.2% | — | ||
| Q2 24 | 18195.7% | — | ||
| Q1 24 | 20914.5% | — |
| Q4 25 | 4246.2% | — | ||
| Q3 25 | 3998.4% | — | ||
| Q2 25 | 3806.1% | — | ||
| Q1 25 | 2776.7% | — | ||
| Q4 24 | 3271.1% | — | ||
| Q3 24 | 3026.3% | — | ||
| Q2 24 | 2568.9% | — | ||
| Q1 24 | 2088.6% | — |
| Q4 25 | 2.41× | 2.92× | ||
| Q3 25 | 1.25× | 4.57× | ||
| Q2 25 | 1.41× | 7.74× | ||
| Q1 25 | 1.76× | 3.44× | ||
| Q4 24 | 1.17× | 3.17× | ||
| Q3 24 | 1.31× | 0.47× | ||
| Q2 24 | 1.50× | 8.44× | ||
| Q1 24 | 2.38× | 4.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
