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Side-by-side financial comparison of AvalonBay Communities (AVB) and MODIV INDUSTRIAL, INC. (MDV). Click either name above to swap in a different company.
MODIV INDUSTRIAL, INC. is the larger business by last-quarter revenue ($11.1M vs $1.8M, roughly 6.0× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 11.0%, a 9029.6% gap on every dollar of revenue. On growth, AvalonBay Communities posted the faster year-over-year revenue change (5.5% vs -5.6%). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (1.1% CAGR vs -3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
MODIV INDUSTRIAL, INC. is a U.S.-based industrial real estate enterprise focused on acquiring, owning and operating high-quality industrial properties mainly located in key logistics and distribution hubs across North America. It serves tenants from sectors including e-commerce fulfillment, manufacturing and third-party logistics, addressing rising demand for modern supply chain infrastructure.
AVB vs MDV — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.8M | $11.1M |
| Net Profit | $166.0M | $1.2M |
| Gross Margin | — | — |
| Operating Margin | — | 45.8% |
| Net Margin | 9040.6% | 11.0% |
| Revenue YoY | 5.5% | -5.6% |
| Net Profit YoY | -41.2% | -22.0% |
| EPS (diluted) | $1.18 | $0.02 |
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.
| Q4 25 | $1.8M | $11.1M | ||
| Q3 25 | $1.9M | $11.7M | ||
| Q2 25 | $1.6M | $11.8M | ||
| Q1 25 | $1.7M | $11.8M | ||
| Q4 24 | $1.7M | $11.7M | ||
| Q3 24 | $1.7M | $11.7M | ||
| Q2 24 | $1.8M | $11.4M | ||
| Q1 24 | $1.8M | $12.0M |
| Q4 25 | $166.0M | $1.2M | ||
| Q3 25 | $381.3M | $1.0M | ||
| Q2 25 | $268.7M | $-2.0M | ||
| Q1 25 | $236.6M | $829.0K | ||
| Q4 24 | $282.1M | $1.6M | ||
| Q3 24 | $372.5M | $-587.0K | ||
| Q2 24 | $253.9M | $1.3M | ||
| Q1 24 | $173.4M | $3.7M |
| Q4 25 | — | 45.8% | ||
| Q3 25 | — | 41.4% | ||
| Q2 25 | — | 9.8% | ||
| Q1 25 | — | 40.2% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 42.0% | ||
| Q2 24 | — | 44.6% | ||
| Q1 24 | — | 55.6% |
| Q4 25 | 9040.6% | 11.0% | ||
| Q3 25 | 20390.7% | 9.0% | ||
| Q2 25 | 16854.8% | -17.1% | ||
| Q1 25 | 13581.9% | 7.0% | ||
| Q4 24 | 16212.2% | 13.3% | ||
| Q3 24 | 21708.6% | -5.0% | ||
| Q2 24 | 13876.2% | 11.6% | ||
| Q1 24 | 9662.9% | 31.1% |
| Q4 25 | $1.18 | $0.02 | ||
| Q3 25 | $2.68 | $0.00 | ||
| Q2 25 | $1.88 | $-0.32 | ||
| Q1 25 | $1.66 | $-0.01 | ||
| Q4 24 | $1.99 | $0.07 | ||
| Q3 24 | $2.61 | $-0.18 | ||
| Q2 24 | $1.78 | $0.03 | ||
| Q1 24 | $1.22 | $0.33 |
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 | $14.4M |
| Total DebtLower is stronger | $9.3B | $261.5M |
| Stockholders' EquityBook value | $11.6B | $162.7M |
| Total Assets | $22.2B | $476.5M |
| Debt / EquityLower = less leverage | 0.80× | 1.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $14.4M | ||
| Q3 25 | $123.3M | $8.3M | ||
| Q2 25 | $102.8M | $5.8M | ||
| Q1 25 | $53.3M | $6.2M | ||
| Q4 24 | $108.6M | $11.5M | ||
| Q3 24 | $552.4M | $6.8M | ||
| Q2 24 | $545.8M | $18.9M | ||
| Q1 24 | $287.9M | $18.4M |
| Q4 25 | $9.3B | $261.5M | ||
| Q3 25 | $8.7B | $279.7M | ||
| Q2 25 | $8.7B | $279.7M | ||
| Q1 25 | $8.3B | $279.7M | ||
| Q4 24 | $8.1B | $279.8M | ||
| Q3 24 | $8.4B | $279.7M | ||
| Q2 24 | $8.4B | $279.7M | ||
| Q1 24 | $8.0B | $279.6M |
| Q4 25 | $11.6B | $162.7M | ||
| Q3 25 | $11.9B | $164.8M | ||
| Q2 25 | $11.9B | $165.6M | ||
| Q1 25 | $11.9B | $171.1M | ||
| Q4 24 | $11.9B | $190.1M | ||
| Q3 24 | $11.9B | $186.3M | ||
| Q2 24 | $11.7B | $187.0M | ||
| Q1 24 | $11.7B | $188.0M |
| Q4 25 | $22.2B | $476.5M | ||
| Q3 25 | $21.9B | $499.6M | ||
| Q2 25 | $21.8B | $498.9M | ||
| Q1 25 | $21.2B | $506.8M | ||
| Q4 24 | $21.0B | $507.8M | ||
| Q3 24 | $21.3B | $507.4M | ||
| Q2 24 | $21.0B | $519.5M | ||
| Q1 24 | $20.6B | $522.5M |
| Q4 25 | 0.80× | 1.61× | ||
| Q3 25 | 0.73× | 1.70× | ||
| Q2 25 | 0.72× | 1.69× | ||
| Q1 25 | 0.70× | 1.63× | ||
| Q4 24 | 0.68× | 1.47× | ||
| Q3 24 | 0.70× | 1.50× | ||
| Q2 24 | 0.71× | 1.50× | ||
| Q1 24 | 0.68× | 1.49× |
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 | $400.4M | $3.8M |
| Free Cash FlowOCF − Capex | $322.5M | — |
| FCF MarginFCF / Revenue | 17563.8% | — |
| Capex IntensityCapex / Revenue | 4246.2% | — |
| Cash ConversionOCF / Net Profit | 2.41× | 3.17× |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $400.4M | $3.8M | ||
| Q3 25 | $477.0M | $4.1M | ||
| Q2 25 | $377.8M | $3.9M | ||
| Q1 25 | $415.9M | $3.0M | ||
| Q4 24 | $328.8M | $5.4M | ||
| Q3 24 | $486.2M | $5.1M | ||
| Q2 24 | $380.0M | $4.7M | ||
| Q1 24 | $412.9M | $3.0M |
| Q4 25 | $322.5M | — | ||
| Q3 25 | $402.2M | — | ||
| Q2 25 | $317.1M | — | ||
| Q1 25 | $367.5M | — | ||
| Q4 24 | $271.9M | — | ||
| Q3 24 | $434.2M | — | ||
| Q2 24 | $333.0M | — | ||
| Q1 24 | $375.4M | — |
| Q4 25 | 17563.8% | — | ||
| Q3 25 | 21507.4% | — | ||
| Q2 25 | 19896.0% | — | ||
| Q1 25 | 21098.3% | — | ||
| Q4 24 | 15626.2% | — | ||
| Q3 24 | 25305.2% | — | ||
| Q2 24 | 18195.7% | — | ||
| Q1 24 | 20914.5% | — |
| Q4 25 | 4246.2% | — | ||
| Q3 25 | 3998.4% | — | ||
| Q2 25 | 3806.1% | — | ||
| Q1 25 | 2776.7% | — | ||
| Q4 24 | 3271.1% | — | ||
| Q3 24 | 3026.3% | — | ||
| Q2 24 | 2568.9% | — | ||
| Q1 24 | 2088.6% | — |
| Q4 25 | 2.41× | 3.17× | ||
| Q3 25 | 1.25× | 3.95× | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.76× | 3.68× | ||
| Q4 24 | 1.17× | 3.47× | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.50× | 3.55× | ||
| Q1 24 | 2.38× | 0.80× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
