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Side-by-side financial comparison of AvalonBay Communities (AVB) and NEW JERSEY RESOURCES CORP (NJR). Click either name above to swap in a different company.
AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $440.9M, roughly 1.7× NEW JERSEY RESOURCES CORP). AvalonBay Communities runs the higher net margin — 9040.6% vs 27.8%, a 9012.8% gap on every dollar of revenue. On growth, NEW JERSEY RESOURCES CORP posted the faster year-over-year revenue change (22.8% vs 3.7%). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (3.8% CAGR vs 0.9%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
New Jersey Resources is an energy services holding company based in Wall Township, New Jersey. It is a Fortune 1000 company, and a member of the Forbes Platinum 400. New Jersey Natural Gas is its principal subsidiary.
AVB vs NJR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $440.9M |
| Net Profit | $166.0M | $122.5M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | 40.6% |
| Net Margin | 9040.6% | 27.8% |
| Revenue YoY | 3.7% | 22.8% |
| Net Profit YoY | -41.2% | -6.7% |
| EPS (diluted) | $1.18 | $1.21 |
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 | $440.9M | ||
| Q3 25 | $766.8M | $188.3M | ||
| Q2 25 | $760.2M | $234.8M | ||
| Q1 25 | $745.9M | $569.2M | ||
| Q4 24 | $740.5M | $359.0M | ||
| Q3 24 | $734.3M | $265.7M | ||
| Q2 24 | $726.0M | $209.9M | ||
| Q1 24 | $712.9M | $433.2M |
| Q4 25 | $166.0M | $122.5M | ||
| Q3 25 | $381.3M | $15.1M | ||
| Q2 25 | $268.7M | $-15.1M | ||
| Q1 25 | $236.6M | $204.3M | ||
| Q4 24 | $282.1M | $131.3M | ||
| Q3 24 | $372.5M | $91.1M | ||
| Q2 24 | $253.9M | $-11.6M | ||
| Q1 24 | $173.4M | $120.8M |
| Q4 25 | 64.2% | 40.6% | ||
| Q3 25 | 65.7% | 21.5% | ||
| Q2 25 | 67.6% | -0.5% | ||
| Q1 25 | 68.5% | 49.2% | ||
| Q4 24 | 63.1% | 52.8% | ||
| Q3 24 | 65.4% | 55.0% | ||
| Q2 24 | 66.6% | 2.8% | ||
| Q1 24 | 67.2% | 39.3% |
| Q4 25 | 9040.6% | 27.8% | ||
| Q3 25 | 49.7% | 8.0% | ||
| Q2 25 | 35.3% | -6.4% | ||
| Q1 25 | 31.7% | 35.9% | ||
| Q4 24 | 38.1% | 36.6% | ||
| Q3 24 | 50.7% | 34.3% | ||
| Q2 24 | 35.0% | -5.5% | ||
| Q1 24 | 24.3% | 27.9% |
| Q4 25 | $1.18 | $1.21 | ||
| Q3 25 | $2.68 | $0.15 | ||
| Q2 25 | $1.88 | $-0.15 | ||
| Q1 25 | $1.66 | $2.02 | ||
| Q4 24 | $1.99 | $1.31 | ||
| Q3 24 | $2.61 | $0.91 | ||
| Q2 24 | $1.78 | $-0.12 | ||
| Q1 24 | $1.22 | $1.22 |
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 | $2.4M |
| Total DebtLower is stronger | $9.3B | $3.3B |
| Stockholders' EquityBook value | $11.6B | $2.5B |
| Total Assets | $22.2B | $7.9B |
| Debt / EquityLower = less leverage | 0.80× | 1.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $2.4M | ||
| Q3 25 | $123.3M | $591.0K | ||
| Q2 25 | $102.8M | $931.0K | ||
| Q1 25 | $53.3M | $83.7M | ||
| Q4 24 | $108.6M | $1.9M | ||
| Q3 24 | $552.4M | $1.0M | ||
| Q2 24 | $545.8M | $22.4M | ||
| Q1 24 | $287.9M | $5.0M |
| Q4 25 | $9.3B | $3.3B | ||
| Q3 25 | $8.7B | $3.3B | ||
| Q2 25 | $8.7B | $3.0B | ||
| Q1 25 | $8.3B | $3.0B | ||
| Q4 24 | $8.1B | $3.0B | ||
| Q3 24 | $8.4B | $2.9B | ||
| Q2 24 | $8.4B | $2.8B | ||
| Q1 24 | $8.0B | $2.7B |
| Q4 25 | $11.6B | $2.5B | ||
| Q3 25 | $11.9B | $2.4B | ||
| Q2 25 | $11.9B | $2.4B | ||
| Q1 25 | $11.9B | $2.5B | ||
| Q4 24 | $11.9B | $2.3B | ||
| Q3 24 | $11.9B | $2.2B | ||
| Q2 24 | $11.7B | $2.1B | ||
| Q1 24 | $11.7B | $2.2B |
| Q4 25 | $22.2B | $7.9B | ||
| Q3 25 | $21.9B | $7.6B | ||
| Q2 25 | $21.8B | $7.3B | ||
| Q1 25 | $21.2B | $7.3B | ||
| Q4 24 | $21.0B | $7.2B | ||
| Q3 24 | $21.3B | $7.0B | ||
| Q2 24 | $21.0B | $6.8B | ||
| Q1 24 | $20.6B | $6.6B |
| Q4 25 | 0.80× | 1.32× | ||
| Q3 25 | 0.73× | 1.36× | ||
| Q2 25 | 0.72× | 1.25× | ||
| Q1 25 | 0.70× | 1.20× | ||
| Q4 24 | 0.68× | 1.29× | ||
| Q3 24 | 0.70× | 1.31× | ||
| Q2 24 | 0.71× | 1.30× | ||
| Q1 24 | 0.68× | 1.25× |
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 | $26.7M |
| Free Cash FlowOCF − Capex | $1.4B | — |
| FCF MarginFCF / Revenue | 183.5% | — |
| Capex IntensityCapex / Revenue | 34.1% | — |
| Cash ConversionOCF / Net Profit | 10.07× | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $26.7M | ||
| Q3 25 | $477.0M | $81.2M | ||
| Q2 25 | $377.8M | $-28.9M | ||
| Q1 25 | $415.9M | $423.0M | ||
| Q4 24 | $1.6B | $-9.0M | ||
| Q3 24 | $486.2M | $64.5M | ||
| Q2 24 | $380.0M | $24.3M | ||
| Q1 24 | $412.9M | $292.2M |
| Q4 25 | $1.4B | — | ||
| Q3 25 | $402.2M | — | ||
| Q2 25 | $317.1M | — | ||
| Q1 25 | $367.5M | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $434.2M | — | ||
| Q2 24 | $333.0M | — | ||
| Q1 24 | $375.4M | — |
| Q4 25 | 183.5% | — | ||
| Q3 25 | 52.5% | — | ||
| Q2 25 | 41.7% | — | ||
| Q1 25 | 49.3% | — | ||
| Q4 24 | 191.0% | — | ||
| Q3 24 | 59.1% | — | ||
| Q2 24 | 45.9% | — | ||
| Q1 24 | 52.7% | — |
| Q4 25 | 34.1% | — | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 7.1% | — | ||
| Q2 24 | 6.5% | — | ||
| Q1 24 | 5.3% | — |
| Q4 25 | 10.07× | 0.22× | ||
| Q3 25 | 1.25× | 5.39× | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.76× | 2.07× | ||
| Q4 24 | 5.70× | -0.07× | ||
| Q3 24 | 1.31× | 0.71× | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 2.38× | 2.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
NJR
| Residential | $284.1M | 64% |
| Commercialand Industrial | $53.4M | 12% |
| Firm Transportation | $34.7M | 8% |
| Storage And Transportation ST Segment | $28.1M | 6% |
| Home Services And Other HSO | $16.0M | 4% |
| Energy Services ES Segment | $12.8M | 3% |
| Installationand Maintenance | $6.6M | 1% |
| Electricity | $5.6M | 1% |
| Renewable Energy Certificates | $3.7M | 1% |
| Interruptibleand Offtariff | $2.4M | 1% |
