vs
Side-by-side financial comparison of AvalonBay Communities (AVB) and MSCI Inc. (MSCI). Click either name above to swap in a different company.
MSCI Inc. is the larger business by last-quarter revenue ($822.5M vs $767.9M, roughly 1.1× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 34.6%, a 9006.0% gap on every dollar of revenue. On growth, MSCI Inc. posted the faster year-over-year revenue change (10.6% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $488.7M). Over the past eight quarters, MSCI Inc.'s revenue compounded faster (10.0% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
AVB vs MSCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $822.5M |
| Net Profit | $166.0M | $284.7M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | 56.4% |
| Net Margin | 9040.6% | 34.6% |
| Revenue YoY | 3.7% | 10.6% |
| Net Profit YoY | -41.2% | -6.8% |
| EPS (diluted) | $1.18 | $3.81 |
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 | $822.5M | ||
| Q3 25 | $766.8M | $793.4M | ||
| Q2 25 | $760.2M | $772.7M | ||
| Q1 25 | $745.9M | $745.8M | ||
| Q4 24 | $740.5M | $743.5M | ||
| Q3 24 | $734.3M | $724.7M | ||
| Q2 24 | $726.0M | $707.9M | ||
| Q1 24 | $712.9M | $680.0M |
| Q4 25 | $166.0M | $284.7M | ||
| Q3 25 | $381.3M | $325.4M | ||
| Q2 25 | $268.7M | $303.6M | ||
| Q1 25 | $236.6M | $288.6M | ||
| Q4 24 | $282.1M | $305.5M | ||
| Q3 24 | $372.5M | $280.9M | ||
| Q2 24 | $253.9M | $266.8M | ||
| Q1 24 | $173.4M | $256.0M |
| Q4 25 | 64.2% | 56.4% | ||
| Q3 25 | 65.7% | 56.4% | ||
| Q2 25 | 67.6% | 55.0% | ||
| Q1 25 | 68.5% | 50.6% | ||
| Q4 24 | 63.1% | 54.5% | ||
| Q3 24 | 65.4% | 55.4% | ||
| Q2 24 | 66.6% | 54.0% | ||
| Q1 24 | 67.2% | 49.9% |
| Q4 25 | 9040.6% | 34.6% | ||
| Q3 25 | 49.7% | 41.0% | ||
| Q2 25 | 35.3% | 39.3% | ||
| Q1 25 | 31.7% | 38.7% | ||
| Q4 24 | 38.1% | 41.1% | ||
| Q3 24 | 50.7% | 38.8% | ||
| Q2 24 | 35.0% | 37.7% | ||
| Q1 24 | 24.3% | 37.6% |
| Q4 25 | $1.18 | $3.81 | ||
| Q3 25 | $2.68 | $4.25 | ||
| Q2 25 | $1.88 | $3.92 | ||
| Q1 25 | $1.66 | $3.71 | ||
| Q4 24 | $1.99 | $3.89 | ||
| Q3 24 | $2.61 | $3.57 | ||
| Q2 24 | $1.78 | $3.37 | ||
| Q1 24 | $1.22 | $3.22 |
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 | $515.3M |
| Total DebtLower is stronger | $9.3B | $6.2B |
| Stockholders' EquityBook value | $11.6B | $-2.7B |
| Total Assets | $22.2B | $5.7B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $515.3M | ||
| Q3 25 | $123.3M | $400.1M | ||
| Q2 25 | $102.8M | $347.3M | ||
| Q1 25 | $53.3M | $360.7M | ||
| Q4 24 | $108.6M | $409.4M | ||
| Q3 24 | $552.4M | $501.0M | ||
| Q2 24 | $545.8M | $451.4M | ||
| Q1 24 | $287.9M | $519.3M |
| Q4 25 | $9.3B | $6.2B | ||
| Q3 25 | $8.7B | $5.5B | ||
| Q2 25 | $8.7B | $4.5B | ||
| Q1 25 | $8.3B | $4.5B | ||
| Q4 24 | $8.1B | $4.5B | ||
| Q3 24 | $8.4B | $4.5B | ||
| Q2 24 | $8.4B | $4.5B | ||
| Q1 24 | $8.0B | $4.5B |
| Q4 25 | $11.6B | $-2.7B | ||
| Q3 25 | $11.9B | $-1.9B | ||
| Q2 25 | $11.9B | $-886.2M | ||
| Q1 25 | $11.9B | $-958.6M | ||
| Q4 24 | $11.9B | $-940.0M | ||
| Q3 24 | $11.9B | $-751.0M | ||
| Q2 24 | $11.7B | $-734.5M | ||
| Q1 24 | $11.7B | $-650.5M |
| Q4 25 | $22.2B | $5.7B | ||
| Q3 25 | $21.9B | $5.4B | ||
| Q2 25 | $21.8B | $5.4B | ||
| Q1 25 | $21.2B | $5.3B | ||
| Q4 24 | $21.0B | $5.4B | ||
| Q3 24 | $21.3B | $5.4B | ||
| Q2 24 | $21.0B | $5.5B | ||
| Q1 24 | $20.6B | $5.5B |
| 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 | $501.1M |
| Free Cash FlowOCF − Capex | $1.4B | $488.7M |
| FCF MarginFCF / Revenue | 183.5% | 59.4% |
| Capex IntensityCapex / Revenue | 34.1% | 1.5% |
| Cash ConversionOCF / Net Profit | 10.07× | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $501.1M | ||
| Q3 25 | $477.0M | $449.4M | ||
| Q2 25 | $377.8M | $336.1M | ||
| Q1 25 | $415.9M | $301.7M | ||
| Q4 24 | $1.6B | $430.6M | ||
| Q3 24 | $486.2M | $421.6M | ||
| Q2 24 | $380.0M | $349.2M | ||
| Q1 24 | $412.9M | $300.1M |
| Q4 25 | $1.4B | $488.7M | ||
| Q3 25 | $402.2M | $445.5M | ||
| Q2 25 | $317.1M | $324.7M | ||
| Q1 25 | $367.5M | $290.2M | ||
| Q4 24 | $1.4B | $416.4M | ||
| Q3 24 | $434.2M | $415.0M | ||
| Q2 24 | $333.0M | $340.6M | ||
| Q1 24 | $375.4M | $295.9M |
| Q4 25 | 183.5% | 59.4% | ||
| Q3 25 | 52.5% | 56.2% | ||
| Q2 25 | 41.7% | 42.0% | ||
| Q1 25 | 49.3% | 38.9% | ||
| Q4 24 | 191.0% | 56.0% | ||
| Q3 24 | 59.1% | 57.3% | ||
| Q2 24 | 45.9% | 48.1% | ||
| Q1 24 | 52.7% | 43.5% |
| Q4 25 | 34.1% | 1.5% | ||
| Q3 25 | 9.8% | 0.5% | ||
| Q2 25 | 8.0% | 1.5% | ||
| Q1 25 | 6.5% | 1.5% | ||
| Q4 24 | 26.1% | 1.9% | ||
| Q3 24 | 7.1% | 0.9% | ||
| Q2 24 | 6.5% | 1.2% | ||
| Q1 24 | 5.3% | 0.6% |
| Q4 25 | 10.07× | 1.76× | ||
| Q3 25 | 1.25× | 1.38× | ||
| Q2 25 | 1.41× | 1.11× | ||
| Q1 25 | 1.76× | 1.05× | ||
| Q4 24 | 5.70× | 1.41× | ||
| Q3 24 | 1.31× | 1.50× | ||
| Q2 24 | 1.50× | 1.31× | ||
| Q1 24 | 2.38× | 1.17× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
