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Side-by-side financial comparison of AvalonBay Communities (AVB) and Life Time Group Holdings, Inc. (LTH). Click either name above to swap in a different company.

AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $745.1M, roughly 1.0× Life Time Group Holdings, Inc.). AvalonBay Communities runs the higher net margin — 9040.6% vs 16.5%, a 9024.1% gap on every dollar of revenue. On growth, Life Time Group Holdings, Inc. posted the faster year-over-year revenue change (12.3% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $-64.6M). Over the past eight quarters, Life Time Group Holdings, Inc.'s revenue compounded faster (11.7% CAGR vs 3.8%).

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

Life Time Group Holdings, Inc. operates a network of premium athletic, fitness and wellness destinations across the United States. It offers diverse services including state-of-the-art gym facilities, group exercise classes, personal training, spa treatments, nutrition coaching, youth programs and co-working spaces for consumers pursuing holistic healthy lifestyles.

AVB vs LTH — Head-to-Head

Bigger by revenue
AVB
AVB
1.0× larger
AVB
$767.9M
$745.1M
LTH
Growing faster (revenue YoY)
LTH
LTH
+8.6% gap
LTH
12.3%
3.7%
AVB
Higher net margin
AVB
AVB
9024.1% more per $
AVB
9040.6%
16.5%
LTH
More free cash flow
AVB
AVB
$1.5B more FCF
AVB
$1.4B
$-64.6M
LTH
Faster 2-yr revenue CAGR
LTH
LTH
Annualised
LTH
11.7%
3.8%
AVB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVB
AVB
LTH
LTH
Revenue
$767.9M
$745.1M
Net Profit
$166.0M
$123.0M
Gross Margin
49.1%
Operating Margin
64.2%
17.4%
Net Margin
9040.6%
16.5%
Revenue YoY
3.7%
12.3%
Net Profit YoY
-41.2%
231.0%
EPS (diluted)
$1.18
$0.55

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
LTH
LTH
Q4 25
$767.9M
$745.1M
Q3 25
$766.8M
$782.6M
Q2 25
$760.2M
$761.5M
Q1 25
$745.9M
$706.0M
Q4 24
$740.5M
$663.3M
Q3 24
$734.3M
$693.2M
Q2 24
$726.0M
$667.8M
Q1 24
$712.9M
$596.7M
Net Profit
AVB
AVB
LTH
LTH
Q4 25
$166.0M
$123.0M
Q3 25
$381.3M
$102.4M
Q2 25
$268.7M
$72.1M
Q1 25
$236.6M
$76.1M
Q4 24
$282.1M
$37.2M
Q3 24
$372.5M
$41.4M
Q2 24
$253.9M
$52.8M
Q1 24
$173.4M
$24.9M
Gross Margin
AVB
AVB
LTH
LTH
Q4 25
49.1%
Q3 25
47.1%
Q2 25
47.0%
Q1 25
47.5%
Q4 24
48.2%
Q3 24
46.5%
Q2 24
46.8%
Q1 24
46.1%
Operating Margin
AVB
AVB
LTH
LTH
Q4 25
64.2%
17.4%
Q3 25
65.7%
17.3%
Q2 25
67.6%
14.2%
Q1 25
68.5%
15.2%
Q4 24
63.1%
13.1%
Q3 24
65.4%
13.5%
Q2 24
66.6%
15.7%
Q1 24
67.2%
12.1%
Net Margin
AVB
AVB
LTH
LTH
Q4 25
9040.6%
16.5%
Q3 25
49.7%
13.1%
Q2 25
35.3%
9.5%
Q1 25
31.7%
10.8%
Q4 24
38.1%
5.6%
Q3 24
50.7%
6.0%
Q2 24
35.0%
7.9%
Q1 24
24.3%
4.2%
EPS (diluted)
AVB
AVB
LTH
LTH
Q4 25
$1.18
$0.55
Q3 25
$2.68
$0.45
Q2 25
$1.88
$0.32
Q1 25
$1.66
$0.34
Q4 24
$1.99
$0.17
Q3 24
$2.61
$0.19
Q2 24
$1.78
$0.26
Q1 24
$1.22
$0.12

Balance Sheet & Financial Strength

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

Metric
AVB
AVB
LTH
LTH
Cash + ST InvestmentsLiquidity on hand
$187.2M
$204.8M
Total DebtLower is stronger
$9.3B
$1.5B
Stockholders' EquityBook value
$11.6B
$3.1B
Total Assets
$22.2B
$8.0B
Debt / EquityLower = less leverage
0.80×
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
LTH
LTH
Q4 25
$187.2M
$204.8M
Q3 25
$123.3M
$218.9M
Q2 25
$102.8M
$175.5M
Q1 25
$53.3M
$59.0M
Q4 24
$108.6M
$10.9M
Q3 24
$552.4M
$120.9M
Q2 24
$545.8M
$34.5M
Q1 24
$287.9M
$18.6M
Total Debt
AVB
AVB
LTH
LTH
Q4 25
$9.3B
$1.5B
Q3 25
$8.7B
$1.5B
Q2 25
$8.7B
$1.5B
Q1 25
$8.3B
$1.5B
Q4 24
$8.1B
$1.5B
Q3 24
$8.4B
$1.7B
Q2 24
$8.4B
$1.8B
Q1 24
$8.0B
$2.0B
Stockholders' Equity
AVB
AVB
LTH
LTH
Q4 25
$11.6B
$3.1B
Q3 25
$11.9B
$3.0B
Q2 25
$11.9B
$2.9B
Q1 25
$11.9B
$2.7B
Q4 24
$11.9B
$2.6B
Q3 24
$11.9B
$2.6B
Q2 24
$11.7B
$2.4B
Q1 24
$11.7B
$2.3B
Total Assets
AVB
AVB
LTH
LTH
Q4 25
$22.2B
$8.0B
Q3 25
$21.9B
$7.8B
Q2 25
$21.8B
$7.6B
Q1 25
$21.2B
$7.3B
Q4 24
$21.0B
$7.2B
Q3 24
$21.3B
$7.2B
Q2 24
$21.0B
$7.1B
Q1 24
$20.6B
$7.1B
Debt / Equity
AVB
AVB
LTH
LTH
Q4 25
0.80×
0.48×
Q3 25
0.73×
0.51×
Q2 25
0.72×
0.53×
Q1 25
0.70×
0.56×
Q4 24
0.68×
0.59×
Q3 24
0.70×
0.64×
Q2 24
0.71×
0.78×
Q1 24
0.68×
0.87×

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
LTH
LTH
Operating Cash FlowLast quarter
$1.7B
$239.9M
Free Cash FlowOCF − Capex
$1.4B
$-64.6M
FCF MarginFCF / Revenue
183.5%
-8.7%
Capex IntensityCapex / Revenue
34.1%
40.9%
Cash ConversionOCF / Net Profit
10.07×
1.95×
TTM Free Cash FlowTrailing 4 quarters
$2.5B
$-21.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
LTH
LTH
Q4 25
$1.7B
$239.9M
Q3 25
$477.0M
$251.1M
Q2 25
$377.8M
$195.7M
Q1 25
$415.9M
$183.9M
Q4 24
$1.6B
$163.1M
Q3 24
$486.2M
$151.1M
Q2 24
$380.0M
$170.4M
Q1 24
$412.9M
$90.4M
Free Cash Flow
AVB
AVB
LTH
LTH
Q4 25
$1.4B
$-64.6M
Q3 25
$402.2M
$28.6M
Q2 25
$317.1M
$-26.3M
Q1 25
$367.5M
$41.4M
Q4 24
$1.4B
$26.8M
Q3 24
$434.2M
$64.0M
Q2 24
$333.0M
$26.1M
Q1 24
$375.4M
$-66.4M
FCF Margin
AVB
AVB
LTH
LTH
Q4 25
183.5%
-8.7%
Q3 25
52.5%
3.7%
Q2 25
41.7%
-3.5%
Q1 25
49.3%
5.9%
Q4 24
191.0%
4.0%
Q3 24
59.1%
9.2%
Q2 24
45.9%
3.9%
Q1 24
52.7%
-11.1%
Capex Intensity
AVB
AVB
LTH
LTH
Q4 25
34.1%
40.9%
Q3 25
9.8%
28.4%
Q2 25
8.0%
29.2%
Q1 25
6.5%
20.2%
Q4 24
26.1%
20.6%
Q3 24
7.1%
12.6%
Q2 24
6.5%
21.6%
Q1 24
5.3%
26.3%
Cash Conversion
AVB
AVB
LTH
LTH
Q4 25
10.07×
1.95×
Q3 25
1.25×
2.45×
Q2 25
1.41×
2.71×
Q1 25
1.76×
2.41×
Q4 24
5.70×
4.39×
Q3 24
1.31×
3.65×
Q2 24
1.50×
3.23×
Q1 24
2.38×
3.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVB
AVB

Segment breakdown not available.

LTH
LTH

Membership$535.1M72%
In Center$191.2M26%
Other$18.8M3%

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