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Side-by-side financial comparison of AvalonBay Communities (AVB) and M/I HOMES, INC. (MHO). Click either name above to swap in a different company.
M/I HOMES, INC. is the larger business by last-quarter revenue ($1.1B vs $767.9M, roughly 1.5× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 5.6%, a 9035.0% gap on every dollar of revenue. On growth, AvalonBay Communities posted the faster year-over-year revenue change (3.7% vs -4.8%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $-13.0M). Over the past eight quarters, M/I HOMES, INC.'s revenue compounded faster (4.7% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
M/I Homes, Inc. is a leading U.S. residential construction company that designs, builds and sells single-family homes, townhomes and duplexes across multiple U.S. states. It caters to entry-level, move-up and luxury homebuyers, offering energy-efficient designs, flexible floor plans and personalized customization options.
AVB vs MHO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $1.1B |
| Net Profit | $166.0M | $64.0M |
| Gross Margin | — | 17.4% |
| Operating Margin | 64.2% | 6.5% |
| Net Margin | 9040.6% | 5.6% |
| Revenue YoY | 3.7% | -4.8% |
| Net Profit YoY | -41.2% | -52.1% |
| EPS (diluted) | $1.18 | $2.42 |
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 | $767.9M | $1.1B | ||
| Q3 25 | $766.8M | $1.1B | ||
| Q2 25 | $760.2M | $1.2B | ||
| Q1 25 | $745.9M | $976.1M | ||
| Q4 24 | $740.5M | $1.2B | ||
| Q3 24 | $734.3M | $1.1B | ||
| Q2 24 | $726.0M | $1.1B | ||
| Q1 24 | $712.9M | $1.0B |
| Q4 25 | $166.0M | $64.0M | ||
| Q3 25 | $381.3M | $106.5M | ||
| Q2 25 | $268.7M | $121.2M | ||
| Q1 25 | $236.6M | $111.2M | ||
| Q4 24 | $282.1M | $133.5M | ||
| Q3 24 | $372.5M | $145.4M | ||
| Q2 24 | $253.9M | $146.7M | ||
| Q1 24 | $173.4M | $138.1M |
| Q4 25 | — | 17.4% | ||
| Q3 25 | — | 24.5% | ||
| Q2 25 | — | 24.7% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 27.9% | ||
| Q1 24 | — | 27.1% |
| Q4 25 | 64.2% | 6.5% | ||
| Q3 25 | 65.7% | 12.0% | ||
| Q2 25 | 67.6% | 13.4% | ||
| Q1 25 | 68.5% | 14.4% | ||
| Q4 24 | 63.1% | 13.6% | ||
| Q3 24 | 65.4% | 15.9% | ||
| Q2 24 | 66.6% | 16.8% | ||
| Q1 24 | 67.2% | 16.6% |
| Q4 25 | 9040.6% | 5.6% | ||
| Q3 25 | 49.7% | 9.4% | ||
| Q2 25 | 35.3% | 10.4% | ||
| Q1 25 | 31.7% | 11.4% | ||
| Q4 24 | 38.1% | 11.1% | ||
| Q3 24 | 50.7% | 12.7% | ||
| Q2 24 | 35.0% | 13.2% | ||
| Q1 24 | 24.3% | 13.2% |
| Q4 25 | $1.18 | $2.42 | ||
| Q3 25 | $2.68 | $3.92 | ||
| Q2 25 | $1.88 | $4.42 | ||
| Q1 25 | $1.66 | $3.98 | ||
| Q4 24 | $1.99 | $4.71 | ||
| Q3 24 | $2.61 | $5.10 | ||
| Q2 24 | $1.78 | $5.12 | ||
| Q1 24 | $1.22 | $4.78 |
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 | — |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $3.2B |
| Total Assets | $22.2B | $4.8B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | — | ||
| Q3 25 | $123.3M | — | ||
| Q2 25 | $102.8M | — | ||
| Q1 25 | $53.3M | — | ||
| Q4 24 | $108.6M | — | ||
| Q3 24 | $552.4M | — | ||
| Q2 24 | $545.8M | — | ||
| Q1 24 | $287.9M | — |
| 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 | — |
| Q4 25 | $11.6B | $3.2B | ||
| Q3 25 | $11.9B | $3.1B | ||
| Q2 25 | $11.9B | $3.1B | ||
| Q1 25 | $11.9B | $3.0B | ||
| Q4 24 | $11.9B | $2.9B | ||
| Q3 24 | $11.9B | $2.8B | ||
| Q2 24 | $11.7B | $2.7B | ||
| Q1 24 | $11.7B | $2.6B |
| Q4 25 | $22.2B | $4.8B | ||
| Q3 25 | $21.9B | $4.8B | ||
| Q2 25 | $21.8B | $4.7B | ||
| Q1 25 | $21.2B | $4.6B | ||
| Q4 24 | $21.0B | $4.5B | ||
| Q3 24 | $21.3B | $4.5B | ||
| Q2 24 | $21.0B | $4.3B | ||
| Q1 24 | $20.6B | $4.2B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.7B | $-8.7M |
| Free Cash FlowOCF − Capex | $1.4B | $-13.0M |
| FCF MarginFCF / Revenue | 183.5% | -1.1% |
| Capex IntensityCapex / Revenue | 34.1% | 0.4% |
| Cash ConversionOCF / Net Profit | 10.07× | -0.14× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $127.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $-8.7M | ||
| Q3 25 | $477.0M | $43.4M | ||
| Q2 25 | $377.8M | $37.8M | ||
| Q1 25 | $415.9M | $64.9M | ||
| Q4 24 | $1.6B | $104.4M | ||
| Q3 24 | $486.2M | $-67.9M | ||
| Q2 24 | $380.0M | $27.5M | ||
| Q1 24 | $412.9M | $115.8M |
| Q4 25 | $1.4B | $-13.0M | ||
| Q3 25 | $402.2M | $42.0M | ||
| Q2 25 | $317.1M | $35.1M | ||
| Q1 25 | $367.5M | $63.5M | ||
| Q4 24 | $1.4B | $102.3M | ||
| Q3 24 | $434.2M | $-68.5M | ||
| Q2 24 | $333.0M | $22.0M | ||
| Q1 24 | $375.4M | $115.5M |
| Q4 25 | 183.5% | -1.1% | ||
| Q3 25 | 52.5% | 3.7% | ||
| Q2 25 | 41.7% | 3.0% | ||
| Q1 25 | 49.3% | 6.5% | ||
| Q4 24 | 191.0% | 8.5% | ||
| Q3 24 | 59.1% | -6.0% | ||
| Q2 24 | 45.9% | 2.0% | ||
| Q1 24 | 52.7% | 11.0% |
| Q4 25 | 34.1% | 0.4% | ||
| Q3 25 | 9.8% | 0.1% | ||
| Q2 25 | 8.0% | 0.2% | ||
| Q1 25 | 6.5% | 0.1% | ||
| Q4 24 | 26.1% | 0.2% | ||
| Q3 24 | 7.1% | 0.1% | ||
| Q2 24 | 6.5% | 0.5% | ||
| Q1 24 | 5.3% | 0.0% |
| Q4 25 | 10.07× | -0.14× | ||
| Q3 25 | 1.25× | 0.41× | ||
| Q2 25 | 1.41× | 0.31× | ||
| Q1 25 | 1.76× | 0.58× | ||
| Q4 24 | 5.70× | 0.78× | ||
| Q3 24 | 1.31× | -0.47× | ||
| Q2 24 | 1.50× | 0.19× | ||
| Q1 24 | 2.38× | 0.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
