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Side-by-side financial comparison of AvalonBay Communities (AVB) and Maxeon Solar Technologies, Ltd. (MAXN). Click either name above to swap in a different company.

AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $509.0M, roughly 1.5× Maxeon Solar Technologies, Ltd.). AvalonBay Communities runs the higher net margin — 9040.6% vs -120.7%, a 9161.3% gap on every dollar of revenue. On growth, AvalonBay Communities posted the faster year-over-year revenue change (3.7% vs -54.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $-322.3M).

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

Maxeon Solar Technologies, Ltd. is a Singapore-based company that designs and manufactures photovoltaic panels. The company was previously a division of the American company SunPower. Maxeon was spun off from SunPower in August 2020. Maxeon was the primary provider of solar panels for SunPower through March 2024. Beyond the United States, Maxeon has sales operations in more than 100 countries and has the rights to use the SunPower brand in countries outside the United States.

AVB vs MAXN — Head-to-Head

Bigger by revenue
AVB
AVB
1.5× larger
AVB
$767.9M
$509.0M
MAXN
Growing faster (revenue YoY)
AVB
AVB
+58.4% gap
AVB
3.7%
-54.7%
MAXN
Higher net margin
AVB
AVB
9161.3% more per $
AVB
9040.6%
-120.7%
MAXN
More free cash flow
AVB
AVB
$1.7B more FCF
AVB
$1.4B
$-322.3M
MAXN

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
AVB
AVB
MAXN
MAXN
Revenue
$767.9M
$509.0M
Net Profit
$166.0M
$-614.3M
Gross Margin
Operating Margin
64.2%
-113.3%
Net Margin
9040.6%
-120.7%
Revenue YoY
3.7%
-54.7%
Net Profit YoY
-41.2%
-122.7%
EPS (diluted)
$1.18
$-96.00

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
MAXN
MAXN
Q4 25
$767.9M
Q3 25
$766.8M
Q2 25
$760.2M
Q1 25
$745.9M
Q4 24
$740.5M
$509.0M
Q3 24
$734.3M
Q2 24
$726.0M
Q1 24
$712.9M
Net Profit
AVB
AVB
MAXN
MAXN
Q4 25
$166.0M
Q3 25
$381.3M
Q2 25
$268.7M
Q1 25
$236.6M
Q4 24
$282.1M
$-614.3M
Q3 24
$372.5M
Q2 24
$253.9M
Q1 24
$173.4M
Operating Margin
AVB
AVB
MAXN
MAXN
Q4 25
64.2%
Q3 25
65.7%
Q2 25
67.6%
Q1 25
68.5%
Q4 24
63.1%
-113.3%
Q3 24
65.4%
Q2 24
66.6%
Q1 24
67.2%
Net Margin
AVB
AVB
MAXN
MAXN
Q4 25
9040.6%
Q3 25
49.7%
Q2 25
35.3%
Q1 25
31.7%
Q4 24
38.1%
-120.7%
Q3 24
50.7%
Q2 24
35.0%
Q1 24
24.3%
EPS (diluted)
AVB
AVB
MAXN
MAXN
Q4 25
$1.18
Q3 25
$2.68
Q2 25
$1.88
Q1 25
$1.66
Q4 24
$1.99
$-96.00
Q3 24
$2.61
Q2 24
$1.78
Q1 24
$1.22

Balance Sheet & Financial Strength

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

Metric
AVB
AVB
MAXN
MAXN
Cash + ST InvestmentsLiquidity on hand
$187.2M
$28.9M
Total DebtLower is stronger
$9.3B
Stockholders' EquityBook value
$11.6B
$-293.8M
Total Assets
$22.2B
$376.3M
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
MAXN
MAXN
Q4 25
$187.2M
Q3 25
$123.3M
Q2 25
$102.8M
Q1 25
$53.3M
Q4 24
$108.6M
$28.9M
Q3 24
$552.4M
Q2 24
$545.8M
Q1 24
$287.9M
Total Debt
AVB
AVB
MAXN
MAXN
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
Stockholders' Equity
AVB
AVB
MAXN
MAXN
Q4 25
$11.6B
Q3 25
$11.9B
Q2 25
$11.9B
Q1 25
$11.9B
Q4 24
$11.9B
$-293.8M
Q3 24
$11.9B
Q2 24
$11.7B
Q1 24
$11.7B
Total Assets
AVB
AVB
MAXN
MAXN
Q4 25
$22.2B
Q3 25
$21.9B
Q2 25
$21.8B
Q1 25
$21.2B
Q4 24
$21.0B
$376.3M
Q3 24
$21.3B
Q2 24
$21.0B
Q1 24
$20.6B
Debt / Equity
AVB
AVB
MAXN
MAXN
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
AVB
AVB
MAXN
MAXN
Operating Cash FlowLast quarter
$1.7B
$-270.2M
Free Cash FlowOCF − Capex
$1.4B
$-322.3M
FCF MarginFCF / Revenue
183.5%
-63.3%
Capex IntensityCapex / Revenue
34.1%
10.2%
Cash ConversionOCF / Net Profit
10.07×
TTM Free Cash FlowTrailing 4 quarters
$2.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
MAXN
MAXN
Q4 25
$1.7B
Q3 25
$477.0M
Q2 25
$377.8M
Q1 25
$415.9M
Q4 24
$1.6B
$-270.2M
Q3 24
$486.2M
Q2 24
$380.0M
Q1 24
$412.9M
Free Cash Flow
AVB
AVB
MAXN
MAXN
Q4 25
$1.4B
Q3 25
$402.2M
Q2 25
$317.1M
Q1 25
$367.5M
Q4 24
$1.4B
$-322.3M
Q3 24
$434.2M
Q2 24
$333.0M
Q1 24
$375.4M
FCF Margin
AVB
AVB
MAXN
MAXN
Q4 25
183.5%
Q3 25
52.5%
Q2 25
41.7%
Q1 25
49.3%
Q4 24
191.0%
-63.3%
Q3 24
59.1%
Q2 24
45.9%
Q1 24
52.7%
Capex Intensity
AVB
AVB
MAXN
MAXN
Q4 25
34.1%
Q3 25
9.8%
Q2 25
8.0%
Q1 25
6.5%
Q4 24
26.1%
10.2%
Q3 24
7.1%
Q2 24
6.5%
Q1 24
5.3%
Cash Conversion
AVB
AVB
MAXN
MAXN
Q4 25
10.07×
Q3 25
1.25×
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.

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