vs
Side-by-side financial comparison of AvalonBay Communities (AVB) and Liberty Energy Inc. (LBRT). Click either name above to swap in a different company.
Liberty Energy Inc. is the larger business by last-quarter revenue ($1.0B vs $767.9M, roughly 1.3× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 2.2%, a 9038.4% gap on every dollar of revenue. On growth, Liberty Energy Inc. posted the faster year-over-year revenue change (4.5% vs 3.7%). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (3.8% CAGR vs -6.2%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
AVB vs LBRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $1.0B |
| Net Profit | $166.0M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | 2.2% |
| Net Margin | 9040.6% | 2.2% |
| Revenue YoY | 3.7% | 4.5% |
| Net Profit YoY | -41.2% | — |
| EPS (diluted) | $1.18 | $0.14 |
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 | — | $1.0B | ||
| Q4 25 | $767.9M | $1.0B | ||
| Q3 25 | $766.8M | $947.4M | ||
| Q2 25 | $760.2M | $1.0B | ||
| Q1 25 | $745.9M | $977.5M | ||
| Q4 24 | $740.5M | $943.6M | ||
| Q3 24 | $734.3M | $1.1B | ||
| Q2 24 | $726.0M | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $166.0M | $13.7M | ||
| Q3 25 | $381.3M | $43.1M | ||
| Q2 25 | $268.7M | $71.0M | ||
| Q1 25 | $236.6M | $20.1M | ||
| Q4 24 | $282.1M | $51.9M | ||
| Q3 24 | $372.5M | $73.8M | ||
| Q2 24 | $253.9M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 22.1% | ||
| Q1 25 | — | 22.1% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 64.2% | 1.9% | ||
| Q3 25 | 65.7% | -0.3% | ||
| Q2 25 | 67.6% | 3.6% | ||
| Q1 25 | 68.5% | 1.9% | ||
| Q4 24 | 63.1% | 2.6% | ||
| Q3 24 | 65.4% | 9.4% | ||
| Q2 24 | 66.6% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 9040.6% | 1.3% | ||
| Q3 25 | 49.7% | 4.5% | ||
| Q2 25 | 35.3% | 6.8% | ||
| Q1 25 | 31.7% | 2.1% | ||
| Q4 24 | 38.1% | 5.5% | ||
| Q3 24 | 50.7% | 6.5% | ||
| Q2 24 | 35.0% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $1.18 | $0.08 | ||
| Q3 25 | $2.68 | $0.26 | ||
| Q2 25 | $1.88 | $0.43 | ||
| Q1 25 | $1.66 | $0.12 | ||
| Q4 24 | $1.99 | $0.31 | ||
| Q3 24 | $2.61 | $0.44 | ||
| Q2 24 | $1.78 | $0.64 |
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 | $699.1M |
| Total DebtLower is stronger | $9.3B | $7.1M |
| Stockholders' EquityBook value | $11.6B | $1.9B |
| Total Assets | $22.2B | $4.4B |
| Debt / EquityLower = less leverage | 0.80× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $187.2M | $27.6M | ||
| Q3 25 | $123.3M | $13.5M | ||
| Q2 25 | $102.8M | $19.6M | ||
| Q1 25 | $53.3M | $24.1M | ||
| Q4 24 | $108.6M | $20.0M | ||
| Q3 24 | $552.4M | $23.0M | ||
| Q2 24 | $545.8M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $9.3B | $246.6M | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.1B | $190.5M | ||
| Q3 24 | $8.4B | — | ||
| Q2 24 | $8.4B | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $11.6B | $2.1B | ||
| Q3 25 | $11.9B | $2.1B | ||
| Q2 25 | $11.9B | $2.0B | ||
| Q1 25 | $11.9B | $2.0B | ||
| Q4 24 | $11.9B | $2.0B | ||
| Q3 24 | $11.9B | $2.0B | ||
| Q2 24 | $11.7B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $22.2B | $3.6B | ||
| Q3 25 | $21.9B | $3.5B | ||
| Q2 25 | $21.8B | $3.4B | ||
| Q1 25 | $21.2B | $3.4B | ||
| Q4 24 | $21.0B | $3.3B | ||
| Q3 24 | $21.3B | $3.3B | ||
| Q2 24 | $21.0B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.80× | 0.12× | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.68× | 0.10× | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.71× | — |
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% | 13.1% |
| 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 | $195.4M | ||
| Q3 25 | $477.0M | $51.5M | ||
| Q2 25 | $377.8M | $170.6M | ||
| Q1 25 | $415.9M | $192.1M | ||
| Q4 24 | $1.6B | $177.3M | ||
| Q3 24 | $486.2M | $244.5M | ||
| Q2 24 | $380.0M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $-10.0M | ||
| Q3 25 | $402.2M | $-67.2M | ||
| Q2 25 | $317.1M | $33.1M | ||
| Q1 25 | $367.5M | $58.2M | ||
| Q4 24 | $1.4B | $-26.2M | ||
| Q3 24 | $434.2M | $77.9M | ||
| Q2 24 | $333.0M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | 183.5% | -1.0% | ||
| Q3 25 | 52.5% | -7.1% | ||
| Q2 25 | 41.7% | 3.2% | ||
| Q1 25 | 49.3% | 6.0% | ||
| Q4 24 | 191.0% | -2.8% | ||
| Q3 24 | 59.1% | 6.8% | ||
| Q2 24 | 45.9% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 34.1% | 19.8% | ||
| Q3 25 | 9.8% | 12.5% | ||
| Q2 25 | 8.0% | 13.2% | ||
| Q1 25 | 6.5% | 13.7% | ||
| Q4 24 | 26.1% | 21.6% | ||
| Q3 24 | 7.1% | 14.6% | ||
| Q2 24 | 6.5% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 10.07× | 14.28× | ||
| Q3 25 | 1.25× | 1.20× | ||
| Q2 25 | 1.41× | 2.40× | ||
| Q1 25 | 1.76× | 9.55× | ||
| Q4 24 | 5.70× | 3.42× | ||
| Q3 24 | 1.31× | 3.31× | ||
| Q2 24 | 1.50× | 2.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
