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Side-by-side financial comparison of AvalonBay Communities (AVB) and JANUS HENDERSON GROUP PLC (JHG). Click either name above to swap in a different company.
JANUS HENDERSON GROUP PLC 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 35.3%, a 9005.3% gap on every dollar of revenue. On growth, JANUS HENDERSON GROUP PLC posted the faster year-over-year revenue change (61.3% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $320.4M). Over the past eight quarters, JANUS HENDERSON GROUP PLC's revenue compounded faster (43.9% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
AVB vs JHG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $1.1B |
| Net Profit | $166.0M | $403.2M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | 42.7% |
| Net Margin | 9040.6% | 35.3% |
| Revenue YoY | 3.7% | 61.3% |
| Net Profit YoY | -41.2% | 231.0% |
| EPS (diluted) | $1.18 | $2.59 |
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 | $700.4M | ||
| Q2 25 | $760.2M | $633.2M | ||
| Q1 25 | $745.9M | $621.4M | ||
| Q4 24 | $740.5M | $708.3M | ||
| Q3 24 | $734.3M | $624.8M | ||
| Q2 24 | $726.0M | $588.4M | ||
| Q1 24 | $712.9M | $551.7M |
| Q4 25 | $166.0M | $403.2M | ||
| Q3 25 | $381.3M | $142.1M | ||
| Q2 25 | $268.7M | $149.9M | ||
| Q1 25 | $236.6M | $120.7M | ||
| Q4 24 | $282.1M | $121.8M | ||
| Q3 24 | $372.5M | $27.3M | ||
| Q2 24 | $253.9M | $129.7M | ||
| Q1 24 | $173.4M | $130.1M |
| Q4 25 | 64.2% | 42.7% | ||
| Q3 25 | 65.7% | 24.6% | ||
| Q2 25 | 67.6% | 25.9% | ||
| Q1 25 | 68.5% | 24.7% | ||
| Q4 24 | 63.1% | 27.9% | ||
| Q3 24 | 65.4% | 26.4% | ||
| Q2 24 | 66.6% | 27.9% | ||
| Q1 24 | 67.2% | 21.6% |
| Q4 25 | 9040.6% | 35.3% | ||
| Q3 25 | 49.7% | 20.3% | ||
| Q2 25 | 35.3% | 23.7% | ||
| Q1 25 | 31.7% | 19.4% | ||
| Q4 24 | 38.1% | 17.2% | ||
| Q3 24 | 50.7% | 4.4% | ||
| Q2 24 | 35.0% | 22.0% | ||
| Q1 24 | 24.3% | 23.6% |
| Q4 25 | $1.18 | $2.59 | ||
| Q3 25 | $2.68 | $0.92 | ||
| Q2 25 | $1.88 | $0.95 | ||
| Q1 25 | $1.66 | $0.77 | ||
| Q4 24 | $1.99 | $0.77 | ||
| Q3 24 | $2.61 | $0.17 | ||
| Q2 24 | $1.78 | $0.81 | ||
| Q1 24 | $1.22 | $0.81 |
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 | $1.6B |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $5.1B |
| Total Assets | $22.2B | $8.3B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $1.6B | ||
| Q3 25 | $123.3M | $1.4B | ||
| Q2 25 | $102.8M | $1.3B | ||
| Q1 25 | $53.3M | $1.4B | ||
| Q4 24 | $108.6M | $1.6B | ||
| Q3 24 | $552.4M | $1.8B | ||
| Q2 24 | $545.8M | $1.3B | ||
| Q1 24 | $287.9M | $1.1B |
| 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 | $5.1B | ||
| Q3 25 | $11.9B | $4.8B | ||
| Q2 25 | $11.9B | $4.8B | ||
| Q1 25 | $11.9B | $4.7B | ||
| Q4 24 | $11.9B | $4.6B | ||
| Q3 24 | $11.9B | $4.6B | ||
| Q2 24 | $11.7B | $4.5B | ||
| Q1 24 | $11.7B | $4.4B |
| Q4 25 | $22.2B | $8.3B | ||
| Q3 25 | $21.9B | $7.6B | ||
| Q2 25 | $21.8B | $7.5B | ||
| Q1 25 | $21.2B | $7.1B | ||
| Q4 24 | $21.0B | $7.0B | ||
| Q3 24 | $21.3B | $7.3B | ||
| Q2 24 | $21.0B | $6.4B | ||
| Q1 24 | $20.6B | $6.3B |
| 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 | $322.7M |
| Free Cash FlowOCF − Capex | $1.4B | $320.4M |
| FCF MarginFCF / Revenue | 183.5% | 28.0% |
| Capex IntensityCapex / Revenue | 34.1% | 0.2% |
| Cash ConversionOCF / Net Profit | 10.07× | 0.80× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $710.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $322.7M | ||
| Q3 25 | $477.0M | $258.8M | ||
| Q2 25 | $377.8M | $135.2M | ||
| Q1 25 | $415.9M | $2.8M | ||
| Q4 24 | $1.6B | $247.3M | ||
| Q3 24 | $486.2M | $228.5M | ||
| Q2 24 | $380.0M | $223.8M | ||
| Q1 24 | $412.9M | $-5.0M |
| Q4 25 | $1.4B | $320.4M | ||
| Q3 25 | $402.2M | $256.4M | ||
| Q2 25 | $317.1M | $133.2M | ||
| Q1 25 | $367.5M | $900.0K | ||
| Q4 24 | $1.4B | $243.5M | ||
| Q3 24 | $434.2M | $225.9M | ||
| Q2 24 | $333.0M | $221.9M | ||
| Q1 24 | $375.4M | $-6.8M |
| Q4 25 | 183.5% | 28.0% | ||
| Q3 25 | 52.5% | 36.6% | ||
| Q2 25 | 41.7% | 21.0% | ||
| Q1 25 | 49.3% | 0.1% | ||
| Q4 24 | 191.0% | 34.4% | ||
| Q3 24 | 59.1% | 36.2% | ||
| Q2 24 | 45.9% | 37.7% | ||
| Q1 24 | 52.7% | -1.2% |
| Q4 25 | 34.1% | 0.2% | ||
| Q3 25 | 9.8% | 0.3% | ||
| Q2 25 | 8.0% | 0.3% | ||
| Q1 25 | 6.5% | 0.3% | ||
| Q4 24 | 26.1% | 0.5% | ||
| Q3 24 | 7.1% | 0.4% | ||
| Q2 24 | 6.5% | 0.3% | ||
| Q1 24 | 5.3% | 0.3% |
| Q4 25 | 10.07× | 0.80× | ||
| Q3 25 | 1.25× | 1.82× | ||
| Q2 25 | 1.41× | 0.90× | ||
| Q1 25 | 1.76× | 0.02× | ||
| Q4 24 | 5.70× | 2.03× | ||
| Q3 24 | 1.31× | 8.37× | ||
| Q2 24 | 1.50× | 1.73× | ||
| Q1 24 | 2.38× | -0.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
