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Side-by-side financial comparison of AvalonBay Communities (AVB) and KENNAMETAL INC (KMT). Click either name above to swap in a different company.
AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $592.6M, roughly 1.3× KENNAMETAL INC). AvalonBay Communities runs the higher net margin — 9040.6% vs 10.3%, a 9030.3% gap on every dollar of revenue. On growth, KENNAMETAL INC posted the faster year-over-year revenue change (21.8% vs 3.7%). Over the past eight quarters, KENNAMETAL INC's revenue compounded faster (4.4% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.
AVB vs KMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $592.6M |
| Net Profit | $166.0M | $61.1M |
| Gross Margin | — | 35.1% |
| Operating Margin | 64.2% | 13.4% |
| Net Margin | 9040.6% | 10.3% |
| Revenue YoY | 3.7% | 21.8% |
| Net Profit YoY | -41.2% | 85.0% |
| EPS (diluted) | $1.18 | $0.75 |
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.
| Q1 26 | — | $592.6M | ||
| Q4 25 | $767.9M | $529.5M | ||
| Q3 25 | $766.8M | $498.0M | ||
| Q2 25 | $760.2M | $516.4M | ||
| Q1 25 | $745.9M | $486.4M | ||
| Q4 24 | $740.5M | $482.1M | ||
| Q3 24 | $734.3M | $481.9M | ||
| Q2 24 | $726.0M | $543.3M |
| Q1 26 | — | $61.1M | ||
| Q4 25 | $166.0M | $33.9M | ||
| Q3 25 | $381.3M | $23.3M | ||
| Q2 25 | $268.7M | $21.6M | ||
| Q1 25 | $236.6M | $31.5M | ||
| Q4 24 | $282.1M | $17.9M | ||
| Q3 24 | $372.5M | $22.1M | ||
| Q2 24 | $253.9M | $37.2M |
| Q1 26 | — | 35.1% | ||
| Q4 25 | — | 32.8% | ||
| Q3 25 | — | 31.0% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 32.1% | ||
| Q4 24 | — | 30.1% | ||
| Q3 24 | — | 31.3% | ||
| Q2 24 | — | 31.5% |
| Q1 26 | — | 13.4% | ||
| Q4 25 | 64.2% | 9.9% | ||
| Q3 25 | 65.7% | 7.5% | ||
| Q2 25 | 67.6% | 6.1% | ||
| Q1 25 | 68.5% | 9.1% | ||
| Q4 24 | 63.1% | 6.6% | ||
| Q3 24 | 65.4% | 7.5% | ||
| Q2 24 | 66.6% | 11.3% |
| Q1 26 | — | 10.3% | ||
| Q4 25 | 9040.6% | 6.4% | ||
| Q3 25 | 49.7% | 4.7% | ||
| Q2 25 | 35.3% | 4.2% | ||
| Q1 25 | 31.7% | 6.5% | ||
| Q4 24 | 38.1% | 3.7% | ||
| Q3 24 | 50.7% | 4.6% | ||
| Q2 24 | 35.0% | 6.8% |
| Q1 26 | — | $0.75 | ||
| Q4 25 | $1.18 | $0.44 | ||
| Q3 25 | $2.68 | $0.30 | ||
| Q2 25 | $1.88 | $0.28 | ||
| Q1 25 | $1.66 | $0.41 | ||
| Q4 24 | $1.99 | $0.23 | ||
| Q3 24 | $2.61 | $0.28 | ||
| Q2 24 | $1.78 | $0.47 |
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 | $106.8M |
| Total DebtLower is stronger | $9.3B | $597.4M |
| Stockholders' EquityBook value | $11.6B | — |
| Total Assets | $22.2B | $2.7B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $106.8M | ||
| Q4 25 | $187.2M | $129.3M | ||
| Q3 25 | $123.3M | $103.5M | ||
| Q2 25 | $102.8M | $140.5M | ||
| Q1 25 | $53.3M | $97.5M | ||
| Q4 24 | $108.6M | $121.2M | ||
| Q3 24 | $552.4M | $119.6M | ||
| Q2 24 | $545.8M | $128.0M |
| Q1 26 | — | $597.4M | ||
| Q4 25 | $9.3B | $597.2M | ||
| Q3 25 | $8.7B | $597.0M | ||
| Q2 25 | $8.7B | $596.8M | ||
| Q1 25 | $8.3B | $596.6M | ||
| Q4 24 | $8.1B | $596.4M | ||
| Q3 24 | $8.4B | $596.2M | ||
| Q2 24 | $8.4B | $596.0M |
| Q1 26 | — | — | ||
| Q4 25 | $11.6B | $1.3B | ||
| Q3 25 | $11.9B | $1.3B | ||
| Q2 25 | $11.9B | $1.3B | ||
| Q1 25 | $11.9B | $1.2B | ||
| Q4 24 | $11.9B | $1.2B | ||
| Q3 24 | $11.9B | $1.3B | ||
| Q2 24 | $11.7B | $1.2B |
| Q1 26 | — | $2.7B | ||
| Q4 25 | $22.2B | $2.6B | ||
| Q3 25 | $21.9B | $2.5B | ||
| Q2 25 | $21.8B | $2.5B | ||
| Q1 25 | $21.2B | $2.5B | ||
| Q4 24 | $21.0B | $2.4B | ||
| Q3 24 | $21.3B | $2.5B | ||
| Q2 24 | $21.0B | $2.5B |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 0.45× | ||
| Q3 25 | 0.73× | 0.46× | ||
| Q2 25 | 0.72× | 0.46× | ||
| Q1 25 | 0.70× | 0.48× | ||
| Q4 24 | 0.68× | 0.49× | ||
| Q3 24 | 0.70× | 0.47× | ||
| Q2 24 | 0.71× | 0.48× |
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 | — |
| Free Cash FlowOCF − Capex | $1.4B | — |
| FCF MarginFCF / Revenue | 183.5% | — |
| Capex IntensityCapex / Revenue | 34.1% | — |
| Cash ConversionOCF / Net Profit | 10.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $55.1M | ||
| Q3 25 | $477.0M | $17.5M | ||
| Q2 25 | $377.8M | $78.6M | ||
| Q1 25 | $415.9M | $28.8M | ||
| Q4 24 | $1.6B | $55.2M | ||
| Q3 24 | $486.2M | $45.7M | ||
| Q2 24 | $380.0M | $113.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $42.4M | ||
| Q3 25 | $402.2M | $-5.5M | ||
| Q2 25 | $317.1M | $57.1M | ||
| Q1 25 | $367.5M | $5.3M | ||
| Q4 24 | $1.4B | $35.9M | ||
| Q3 24 | $434.2M | $21.0M | ||
| Q2 24 | $333.0M | $90.3M |
| Q1 26 | — | — | ||
| Q4 25 | 183.5% | 8.0% | ||
| Q3 25 | 52.5% | -1.1% | ||
| Q2 25 | 41.7% | 11.1% | ||
| Q1 25 | 49.3% | 1.1% | ||
| Q4 24 | 191.0% | 7.5% | ||
| Q3 24 | 59.1% | 4.4% | ||
| Q2 24 | 45.9% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 34.1% | 2.4% | ||
| Q3 25 | 9.8% | 4.6% | ||
| Q2 25 | 8.0% | 4.2% | ||
| Q1 25 | 6.5% | 4.8% | ||
| Q4 24 | 26.1% | 4.0% | ||
| Q3 24 | 7.1% | 5.1% | ||
| Q2 24 | 6.5% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 10.07× | 1.63× | ||
| Q3 25 | 1.25× | 0.75× | ||
| Q2 25 | 1.41× | 3.64× | ||
| Q1 25 | 1.76× | 0.92× | ||
| Q4 24 | 5.70× | 3.08× | ||
| Q3 24 | 1.31× | 2.07× | ||
| Q2 24 | 1.50× | 3.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
KMT
| Americas | $298.3M | 50% |
| EMEA | $174.0M | 29% |
| Asia Pacific | $120.3M | 20% |
