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Side-by-side financial comparison of AvalonBay Communities (AVB) and Noble Corp plc (NE). Click either name above to swap in a different company.

AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $764.4M, roughly 1.0× Noble Corp plc). AvalonBay Communities runs the higher net margin — 9040.6% vs 11.3%, a 9029.2% gap on every dollar of revenue. On growth, AvalonBay Communities posted the faster year-over-year revenue change (3.7% vs -17.6%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $35.4M). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% CAGR vs 3.8%).

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

Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.

AVB vs NE — Head-to-Head

Bigger by revenue
AVB
AVB
1.0× larger
AVB
$767.9M
$764.4M
NE
Growing faster (revenue YoY)
AVB
AVB
+21.3% gap
AVB
3.7%
-17.6%
NE
Higher net margin
AVB
AVB
9029.2% more per $
AVB
9040.6%
11.3%
NE
More free cash flow
AVB
AVB
$1.4B more FCF
AVB
$1.4B
$35.4M
NE
Faster 2-yr revenue CAGR
NE
NE
Annualised
NE
9.5%
3.8%
AVB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVB
AVB
NE
NE
Revenue
$767.9M
$764.4M
Net Profit
$166.0M
$86.6M
Gross Margin
Operating Margin
64.2%
5.6%
Net Margin
9040.6%
11.3%
Revenue YoY
3.7%
-17.6%
Net Profit YoY
-41.2%
-10.4%
EPS (diluted)
$1.18
$0.54

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
NE
NE
Q4 25
$767.9M
$764.4M
Q3 25
$766.8M
$798.0M
Q2 25
$760.2M
$848.7M
Q1 25
$745.9M
$874.5M
Q4 24
$740.5M
$927.3M
Q3 24
$734.3M
$800.5M
Q2 24
$726.0M
$692.8M
Q1 24
$712.9M
$637.1M
Net Profit
AVB
AVB
NE
NE
Q4 25
$166.0M
$86.6M
Q3 25
$381.3M
$-21.1M
Q2 25
$268.7M
$42.9M
Q1 25
$236.6M
$108.3M
Q4 24
$282.1M
$96.6M
Q3 24
$372.5M
$61.2M
Q2 24
$253.9M
$195.0M
Q1 24
$173.4M
$95.5M
Operating Margin
AVB
AVB
NE
NE
Q4 25
64.2%
5.6%
Q3 25
65.7%
6.3%
Q2 25
67.6%
15.9%
Q1 25
68.5%
21.4%
Q4 24
63.1%
18.4%
Q3 24
65.4%
14.4%
Q2 24
66.6%
30.3%
Q1 24
67.2%
16.9%
Net Margin
AVB
AVB
NE
NE
Q4 25
9040.6%
11.3%
Q3 25
49.7%
-2.6%
Q2 25
35.3%
5.1%
Q1 25
31.7%
12.4%
Q4 24
38.1%
10.4%
Q3 24
50.7%
7.6%
Q2 24
35.0%
28.1%
Q1 24
24.3%
15.0%
EPS (diluted)
AVB
AVB
NE
NE
Q4 25
$1.18
$0.54
Q3 25
$2.68
$-0.13
Q2 25
$1.88
$0.27
Q1 25
$1.66
$0.67
Q4 24
$1.99
$0.56
Q3 24
$2.61
$0.40
Q2 24
$1.78
$1.34
Q1 24
$1.22
$0.66

Balance Sheet & Financial Strength

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

Metric
AVB
AVB
NE
NE
Cash + ST InvestmentsLiquidity on hand
$187.2M
$471.4M
Total DebtLower is stronger
$9.3B
Stockholders' EquityBook value
$11.6B
$4.5B
Total Assets
$22.2B
$7.5B
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
NE
NE
Q4 25
$187.2M
$471.4M
Q3 25
$123.3M
$477.9M
Q2 25
$102.8M
$338.2M
Q1 25
$53.3M
$303.8M
Q4 24
$108.6M
$247.3M
Q3 24
$552.4M
$391.9M
Q2 24
$545.8M
$162.9M
Q1 24
$287.9M
$212.5M
Total Debt
AVB
AVB
NE
NE
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
NE
NE
Q4 25
$11.6B
$4.5B
Q3 25
$11.9B
$4.5B
Q2 25
$11.9B
$4.6B
Q1 25
$11.9B
$4.7B
Q4 24
$11.9B
$4.7B
Q3 24
$11.9B
$4.7B
Q2 24
$11.7B
$4.0B
Q1 24
$11.7B
$3.9B
Total Assets
AVB
AVB
NE
NE
Q4 25
$22.2B
$7.5B
Q3 25
$21.9B
$7.6B
Q2 25
$21.8B
$7.7B
Q1 25
$21.2B
$7.9B
Q4 24
$21.0B
$8.0B
Q3 24
$21.3B
$8.0B
Q2 24
$21.0B
$5.6B
Q1 24
$20.6B
$5.4B
Debt / Equity
AVB
AVB
NE
NE
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
NE
NE
Operating Cash FlowLast quarter
$1.7B
$187.1M
Free Cash FlowOCF − Capex
$1.4B
$35.4M
FCF MarginFCF / Revenue
183.5%
4.6%
Capex IntensityCapex / Revenue
34.1%
19.9%
Cash ConversionOCF / Net Profit
10.07×
2.16×
TTM Free Cash FlowTrailing 4 quarters
$2.5B
$432.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
NE
NE
Q4 25
$1.7B
$187.1M
Q3 25
$477.0M
$277.1M
Q2 25
$377.8M
$216.4M
Q1 25
$415.9M
$271.1M
Q4 24
$1.6B
$136.2M
Q3 24
$486.2M
$283.8M
Q2 24
$380.0M
$106.8M
Q1 24
$412.9M
$128.7M
Free Cash Flow
AVB
AVB
NE
NE
Q4 25
$1.4B
$35.4M
Q3 25
$402.2M
$139.5M
Q2 25
$317.1M
$99.8M
Q1 25
$367.5M
$157.5M
Q4 24
$1.4B
$-4.4M
Q3 24
$434.2M
$156.8M
Q2 24
$333.0M
$-34.3M
Q1 24
$375.4M
$-37.9M
FCF Margin
AVB
AVB
NE
NE
Q4 25
183.5%
4.6%
Q3 25
52.5%
17.5%
Q2 25
41.7%
11.8%
Q1 25
49.3%
18.0%
Q4 24
191.0%
-0.5%
Q3 24
59.1%
19.6%
Q2 24
45.9%
-4.9%
Q1 24
52.7%
-6.0%
Capex Intensity
AVB
AVB
NE
NE
Q4 25
34.1%
19.9%
Q3 25
9.8%
17.3%
Q2 25
8.0%
13.7%
Q1 25
6.5%
13.0%
Q4 24
26.1%
15.2%
Q3 24
7.1%
15.9%
Q2 24
6.5%
20.4%
Q1 24
5.3%
26.2%
Cash Conversion
AVB
AVB
NE
NE
Q4 25
10.07×
2.16×
Q3 25
1.25×
Q2 25
1.41×
5.05×
Q1 25
1.76×
2.50×
Q4 24
5.70×
1.41×
Q3 24
1.31×
4.64×
Q2 24
1.50×
0.55×
Q1 24
2.38×
1.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVB
AVB

Segment breakdown not available.

NE
NE

Floaters$559.8M73%
Jackups$145.5M19%
Service Other$59.1M8%

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