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Side-by-side financial comparison of AvalonBay Communities (AVB) and Microchip Technology (MCHP). Click either name above to swap in a different company.

Microchip Technology 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 5.3%, a 9035.3% gap on every dollar of revenue. On growth, Microchip Technology posted the faster year-over-year revenue change (15.6% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $318.9M). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (3.8% CAGR vs -5.4%).

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

Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.

AVB vs MCHP — Head-to-Head

Bigger by revenue
MCHP
MCHP
1.5× larger
MCHP
$1.2B
$767.9M
AVB
Growing faster (revenue YoY)
MCHP
MCHP
+11.9% gap
MCHP
15.6%
3.7%
AVB
Higher net margin
AVB
AVB
9035.3% more per $
AVB
9040.6%
5.3%
MCHP
More free cash flow
AVB
AVB
$1.1B more FCF
AVB
$1.4B
$318.9M
MCHP
Faster 2-yr revenue CAGR
AVB
AVB
Annualised
AVB
3.8%
-5.4%
MCHP

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
AVB
AVB
MCHP
MCHP
Revenue
$767.9M
$1.2B
Net Profit
$166.0M
$62.7M
Gross Margin
59.6%
Operating Margin
64.2%
12.8%
Net Margin
9040.6%
5.3%
Revenue YoY
3.7%
15.6%
Net Profit YoY
-41.2%
217.0%
EPS (diluted)
$1.18
$0.06

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
MCHP
MCHP
Q4 25
$767.9M
$1.2B
Q3 25
$766.8M
$1.1B
Q2 25
$760.2M
$1.1B
Q1 25
$745.9M
$970.5M
Q4 24
$740.5M
$1.0B
Q3 24
$734.3M
$1.2B
Q2 24
$726.0M
$1.2B
Q1 24
$712.9M
$1.3B
Net Profit
AVB
AVB
MCHP
MCHP
Q4 25
$166.0M
$62.7M
Q3 25
$381.3M
$41.7M
Q2 25
$268.7M
$-18.6M
Q1 25
$236.6M
$-154.6M
Q4 24
$282.1M
$-53.6M
Q3 24
$372.5M
$78.4M
Q2 24
$253.9M
$129.3M
Q1 24
$173.4M
$154.7M
Gross Margin
AVB
AVB
MCHP
MCHP
Q4 25
59.6%
Q3 25
55.9%
Q2 25
53.6%
Q1 25
51.6%
Q4 24
54.7%
Q3 24
57.4%
Q2 24
59.4%
Q1 24
59.6%
Operating Margin
AVB
AVB
MCHP
MCHP
Q4 25
64.2%
12.8%
Q3 25
65.7%
7.8%
Q2 25
67.6%
3.0%
Q1 25
68.5%
-10.3%
Q4 24
63.1%
3.0%
Q3 24
65.4%
12.6%
Q2 24
66.6%
17.7%
Q1 24
67.2%
19.1%
Net Margin
AVB
AVB
MCHP
MCHP
Q4 25
9040.6%
5.3%
Q3 25
49.7%
3.7%
Q2 25
35.3%
-1.7%
Q1 25
31.7%
-15.9%
Q4 24
38.1%
-5.2%
Q3 24
50.7%
6.7%
Q2 24
35.0%
10.4%
Q1 24
24.3%
11.7%
EPS (diluted)
AVB
AVB
MCHP
MCHP
Q4 25
$1.18
$0.06
Q3 25
$2.68
$0.03
Q2 25
$1.88
$-0.09
Q1 25
$1.66
$-0.29
Q4 24
$1.99
$-0.10
Q3 24
$2.61
$0.14
Q2 24
$1.78
$0.24
Q1 24
$1.22
$0.29

Balance Sheet & Financial Strength

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

Metric
AVB
AVB
MCHP
MCHP
Cash + ST InvestmentsLiquidity on hand
$187.2M
$250.7M
Total DebtLower is stronger
$9.3B
$5.4B
Stockholders' EquityBook value
$11.6B
$6.6B
Total Assets
$22.2B
$14.3B
Debt / EquityLower = less leverage
0.80×
0.82×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
MCHP
MCHP
Q4 25
$187.2M
$250.7M
Q3 25
$123.3M
$236.8M
Q2 25
$102.8M
$566.5M
Q1 25
$53.3M
$771.7M
Q4 24
$108.6M
$586.0M
Q3 24
$552.4M
$286.1M
Q2 24
$545.8M
$315.1M
Q1 24
$287.9M
$319.7M
Total Debt
AVB
AVB
MCHP
MCHP
Q4 25
$9.3B
$5.4B
Q3 25
$8.7B
$5.4B
Q2 25
$8.7B
$5.5B
Q1 25
$8.3B
$5.6B
Q4 24
$8.1B
$6.7B
Q3 24
$8.4B
$6.4B
Q2 24
$8.4B
$6.2B
Q1 24
$8.0B
$6.0B
Stockholders' Equity
AVB
AVB
MCHP
MCHP
Q4 25
$11.6B
$6.6B
Q3 25
$11.9B
$6.7B
Q2 25
$11.9B
$6.9B
Q1 25
$11.9B
$7.1B
Q4 24
$11.9B
$6.0B
Q3 24
$11.9B
$6.3B
Q2 24
$11.7B
$6.4B
Q1 24
$11.7B
$6.7B
Total Assets
AVB
AVB
MCHP
MCHP
Q4 25
$22.2B
$14.3B
Q3 25
$21.9B
$14.5B
Q2 25
$21.8B
$15.0B
Q1 25
$21.2B
$15.4B
Q4 24
$21.0B
$15.6B
Q3 24
$21.3B
$15.6B
Q2 24
$21.0B
$15.8B
Q1 24
$20.6B
$15.9B
Debt / Equity
AVB
AVB
MCHP
MCHP
Q4 25
0.80×
0.82×
Q3 25
0.73×
0.80×
Q2 25
0.72×
0.80×
Q1 25
0.70×
0.80×
Q4 24
0.68×
1.12×
Q3 24
0.70×
1.02×
Q2 24
0.71×
0.96×
Q1 24
0.68×
0.90×

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
MCHP
MCHP
Operating Cash FlowLast quarter
$1.7B
$341.4M
Free Cash FlowOCF − Capex
$1.4B
$318.9M
FCF MarginFCF / Revenue
183.5%
26.9%
Capex IntensityCapex / Revenue
34.1%
1.9%
Cash ConversionOCF / Net Profit
10.07×
5.44×
TTM Free Cash FlowTrailing 4 quarters
$2.5B
$819.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
MCHP
MCHP
Q4 25
$1.7B
$341.4M
Q3 25
$477.0M
$88.1M
Q2 25
$377.8M
$275.6M
Q1 25
$415.9M
$205.9M
Q4 24
$1.6B
$271.5M
Q3 24
$486.2M
$43.6M
Q2 24
$380.0M
$377.1M
Q1 24
$412.9M
$430.0M
Free Cash Flow
AVB
AVB
MCHP
MCHP
Q4 25
$1.4B
$318.9M
Q3 25
$402.2M
$51.6M
Q2 25
$317.1M
$257.7M
Q1 25
$367.5M
$191.7M
Q4 24
$1.4B
$253.4M
Q3 24
$434.2M
$22.8M
Q2 24
$333.0M
$304.2M
Q1 24
$375.4M
$389.9M
FCF Margin
AVB
AVB
MCHP
MCHP
Q4 25
183.5%
26.9%
Q3 25
52.5%
4.5%
Q2 25
41.7%
24.0%
Q1 25
49.3%
19.8%
Q4 24
191.0%
24.7%
Q3 24
59.1%
2.0%
Q2 24
45.9%
24.5%
Q1 24
52.7%
29.4%
Capex Intensity
AVB
AVB
MCHP
MCHP
Q4 25
34.1%
1.9%
Q3 25
9.8%
3.2%
Q2 25
8.0%
1.7%
Q1 25
6.5%
1.5%
Q4 24
26.1%
1.8%
Q3 24
7.1%
1.8%
Q2 24
6.5%
5.9%
Q1 24
5.3%
3.0%
Cash Conversion
AVB
AVB
MCHP
MCHP
Q4 25
10.07×
5.44×
Q3 25
1.25×
2.11×
Q2 25
1.41×
Q1 25
1.76×
Q4 24
5.70×
Q3 24
1.31×
0.56×
Q2 24
1.50×
2.92×
Q1 24
2.38×
2.78×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVB
AVB

Segment breakdown not available.

MCHP
MCHP

Mixed Signal Microcontrollers$586.5M49%
Analog$322.9M27%
Other Product Line$276.6M23%

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