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Side-by-side financial comparison of AvalonBay Communities (AVB) and Liberty Latin America Ltd. (LILA). Click either name above to swap in a different company.

Liberty Latin America Ltd. is the larger business by last-quarter revenue ($1.2B vs $767.9M, roughly 1.5× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs -4.7%, a 9045.3% gap on every dollar of revenue. On growth, AvalonBay Communities posted the faster year-over-year revenue change (3.7% vs 1.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $320.1M). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (3.8% CAGR vs 2.7%).

AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.

Liberty Global Ltd. is a British-Dutch-American multinational telecommunications company domiciled in Bermuda, with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global Holdings Limited (UK), Liberty Global B.V. (Netherlands) and Liberty Global, Inc., with the first of these being publicly traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC).

AVB vs LILA — Head-to-Head

Bigger by revenue
LILA
LILA
1.5× larger
LILA
$1.2B
$767.9M
AVB
Growing faster (revenue YoY)
AVB
AVB
+2.0% gap
AVB
3.7%
1.7%
LILA
Higher net margin
AVB
AVB
9045.3% more per $
AVB
9040.6%
-4.7%
LILA
More free cash flow
AVB
AVB
$1.1B more FCF
AVB
$1.4B
$320.1M
LILA
Faster 2-yr revenue CAGR
AVB
AVB
Annualised
AVB
3.8%
2.7%
LILA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVB
AVB
LILA
LILA
Revenue
$767.9M
$1.2B
Net Profit
$166.0M
$-54.8M
Gross Margin
77.3%
Operating Margin
64.2%
10.8%
Net Margin
9040.6%
-4.7%
Revenue YoY
3.7%
1.7%
Net Profit YoY
-41.2%
74.0%
EPS (diluted)
$1.18
$-0.27

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.

Revenue
AVB
AVB
LILA
LILA
Q4 25
$767.9M
$1.2B
Q3 25
$766.8M
$1.1B
Q2 25
$760.2M
$1.1B
Q1 25
$745.9M
$1.1B
Q4 24
$740.5M
$1.1B
Q3 24
$734.3M
$1.1B
Q2 24
$726.0M
$1.1B
Q1 24
$712.9M
$1.1B
Net Profit
AVB
AVB
LILA
LILA
Q4 25
$166.0M
$-54.8M
Q3 25
$381.3M
$3.3M
Q2 25
$268.7M
$-423.3M
Q1 25
$236.6M
$-136.4M
Q4 24
$282.1M
$-210.4M
Q3 24
$372.5M
$-435.8M
Q2 24
$253.9M
$-42.7M
Q1 24
$173.4M
$-500.0K
Gross Margin
AVB
AVB
LILA
LILA
Q4 25
77.3%
Q3 25
77.7%
Q2 25
78.6%
Q1 25
78.5%
Q4 24
76.1%
Q3 24
78.7%
Q2 24
78.1%
Q1 24
78.2%
Operating Margin
AVB
AVB
LILA
LILA
Q4 25
64.2%
10.8%
Q3 25
65.7%
16.9%
Q2 25
67.6%
-30.6%
Q1 25
68.5%
11.8%
Q4 24
63.1%
8.7%
Q3 24
65.4%
-34.9%
Q2 24
66.6%
9.9%
Q1 24
67.2%
8.4%
Net Margin
AVB
AVB
LILA
LILA
Q4 25
9040.6%
-4.7%
Q3 25
49.7%
0.3%
Q2 25
35.3%
-39.0%
Q1 25
31.7%
-12.6%
Q4 24
38.1%
-18.5%
Q3 24
50.7%
-40.0%
Q2 24
35.0%
-3.8%
Q1 24
24.3%
-0.0%
EPS (diluted)
AVB
AVB
LILA
LILA
Q4 25
$1.18
$-0.27
Q3 25
$2.68
$0.02
Q2 25
$1.88
$-2.12
Q1 25
$1.66
$-0.69
Q4 24
$1.99
$-1.03
Q3 24
$2.61
$-2.22
Q2 24
$1.78
$-0.22
Q1 24
$1.22
$0.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVB
AVB
LILA
LILA
Cash + ST InvestmentsLiquidity on hand
$187.2M
$783.9M
Total DebtLower is stronger
$9.3B
$7.9B
Stockholders' EquityBook value
$11.6B
$555.6M
Total Assets
$22.2B
$12.2B
Debt / EquityLower = less leverage
0.80×
14.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
LILA
LILA
Q4 25
$187.2M
$783.9M
Q3 25
$123.3M
$596.7M
Q2 25
$102.8M
$514.4M
Q1 25
$53.3M
$575.5M
Q4 24
$108.6M
$654.3M
Q3 24
$552.4M
$588.6M
Q2 24
$545.8M
$598.6M
Q1 24
$287.9M
$668.5M
Total Debt
AVB
AVB
LILA
LILA
Q4 25
$9.3B
$7.9B
Q3 25
$8.7B
$7.8B
Q2 25
$8.7B
$7.6B
Q1 25
$8.3B
$7.6B
Q4 24
$8.1B
$7.6B
Q3 24
$8.4B
$7.6B
Q2 24
$8.4B
$7.6B
Q1 24
$8.0B
$7.6B
Stockholders' Equity
AVB
AVB
LILA
LILA
Q4 25
$11.6B
$555.6M
Q3 25
$11.9B
$628.9M
Q2 25
$11.9B
$608.4M
Q1 25
$11.9B
$1.0B
Q4 24
$11.9B
$1.1B
Q3 24
$11.9B
$1.2B
Q2 24
$11.7B
$1.7B
Q1 24
$11.7B
$1.7B
Total Assets
AVB
AVB
LILA
LILA
Q4 25
$22.2B
$12.2B
Q3 25
$21.9B
$12.0B
Q2 25
$21.8B
$12.0B
Q1 25
$21.2B
$12.6B
Q4 24
$21.0B
$12.8B
Q3 24
$21.3B
$12.7B
Q2 24
$21.0B
$13.2B
Q1 24
$20.6B
$13.3B
Debt / Equity
AVB
AVB
LILA
LILA
Q4 25
0.80×
14.17×
Q3 25
0.73×
12.45×
Q2 25
0.72×
12.50×
Q1 25
0.70×
7.47×
Q4 24
0.68×
6.99×
Q3 24
0.70×
6.20×
Q2 24
0.71×
4.59×
Q1 24
0.68×
4.38×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVB
AVB
LILA
LILA
Operating Cash FlowLast quarter
$1.7B
$461.9M
Free Cash FlowOCF − Capex
$1.4B
$320.1M
FCF MarginFCF / Revenue
183.5%
27.6%
Capex IntensityCapex / Revenue
34.1%
12.2%
Cash ConversionOCF / Net Profit
10.07×
TTM Free Cash FlowTrailing 4 quarters
$2.5B
$305.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
LILA
LILA
Q4 25
$1.7B
$461.9M
Q3 25
$477.0M
$178.2M
Q2 25
$377.8M
$141.2M
Q1 25
$415.9M
$24.6M
Q4 24
$1.6B
$398.6M
Q3 24
$486.2M
$177.5M
Q2 24
$380.0M
$156.9M
Q1 24
$412.9M
$23.3M
Free Cash Flow
AVB
AVB
LILA
LILA
Q4 25
$1.4B
$320.1M
Q3 25
$402.2M
$56.0M
Q2 25
$317.1M
$1.9M
Q1 25
$367.5M
$-72.1M
Q4 24
$1.4B
$234.9M
Q3 24
$434.2M
$51.0M
Q2 24
$333.0M
$16.4M
Q1 24
$375.4M
$-86.4M
FCF Margin
AVB
AVB
LILA
LILA
Q4 25
183.5%
27.6%
Q3 25
52.5%
5.0%
Q2 25
41.7%
0.2%
Q1 25
49.3%
-6.7%
Q4 24
191.0%
20.6%
Q3 24
59.1%
4.7%
Q2 24
45.9%
1.5%
Q1 24
52.7%
-7.9%
Capex Intensity
AVB
AVB
LILA
LILA
Q4 25
34.1%
12.2%
Q3 25
9.8%
11.0%
Q2 25
8.0%
12.8%
Q1 25
6.5%
8.9%
Q4 24
26.1%
14.4%
Q3 24
7.1%
11.6%
Q2 24
6.5%
12.6%
Q1 24
5.3%
10.0%
Cash Conversion
AVB
AVB
LILA
LILA
Q4 25
10.07×
Q3 25
1.25×
54.00×
Q2 25
1.41×
Q1 25
1.76×
Q4 24
5.70×
Q3 24
1.31×
Q2 24
1.50×
Q1 24
2.38×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AVB
AVB

Segment breakdown not available.

LILA
LILA

Liberty Cablevisionof Puerto Rico LLC Liberty Puerto Rico$301.3M26%
Cable Wireless Communications Limited CW Panama$230.1M20%
Costa Rica Segment$168.2M15%
Liberty Networks$129.3M11%
Cable Subscription$112.4M10%
Mobile Subscription$95.9M8%
Mobile Handset And Other Devices$73.0M6%
Liberty Networks Other$25.0M2%
Mobile Non Subscription$21.6M2%
B2B Mobile Handsetand Other Devices$7.0M1%
Cable Non Subscription$4.3M0%

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