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Side-by-side financial comparison of AvalonBay Communities (AVB) and Natera, Inc. (NTRA). Click either name above to swap in a different company.
AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $665.5M, roughly 1.2× Natera, Inc.). AvalonBay Communities runs the higher net margin — 9040.6% vs 7.1%, a 9033.5% gap on every dollar of revenue. On growth, Natera, Inc. posted the faster year-over-year revenue change (39.8% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $37.8M). Over the past eight quarters, Natera, Inc.'s revenue compounded faster (34.5% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Natera, Inc. is a clinical genetic testing company based in Austin, Texas that specializes in non-invasive, cell-free DNA (cfDNA) testing technology, with a focus on women’s health, cancer, and organ health. Natera’s proprietary technology combines novel molecular biology techniques with a suite of bioinformatics software that allows detection down to a single molecule in a tube of blood. Natera operates CAP-accredited laboratories certified under the Clinical Laboratory Improvement Amendment...
AVB vs NTRA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $665.5M |
| Net Profit | $166.0M | $47.3M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | -3.4% |
| Net Margin | 9040.6% | 7.1% |
| Revenue YoY | 3.7% | 39.8% |
| Net Profit YoY | -41.2% | 187.9% |
| EPS (diluted) | $1.18 | $0.36 |
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 | $665.5M | ||
| Q3 25 | $766.8M | $592.2M | ||
| Q2 25 | $760.2M | $546.6M | ||
| Q1 25 | $745.9M | $501.8M | ||
| Q4 24 | $740.5M | $476.1M | ||
| Q3 24 | $734.3M | $439.8M | ||
| Q2 24 | $726.0M | $413.4M | ||
| Q1 24 | $712.9M | $367.7M |
| Q4 25 | $166.0M | $47.3M | ||
| Q3 25 | $381.3M | $-87.5M | ||
| Q2 25 | $268.7M | $-100.9M | ||
| Q1 25 | $236.6M | $-66.9M | ||
| Q4 24 | $282.1M | $-53.8M | ||
| Q3 24 | $372.5M | $-31.6M | ||
| Q2 24 | $253.9M | $-37.5M | ||
| Q1 24 | $173.4M | $-67.6M |
| Q4 25 | 64.2% | -3.4% | ||
| Q3 25 | 65.7% | -16.5% | ||
| Q2 25 | 67.6% | -20.2% | ||
| Q1 25 | 68.5% | -15.8% | ||
| Q4 24 | 63.1% | -13.6% | ||
| Q3 24 | 65.4% | -8.9% | ||
| Q2 24 | 66.6% | -10.6% | ||
| Q1 24 | 67.2% | -20.2% |
| Q4 25 | 9040.6% | 7.1% | ||
| Q3 25 | 49.7% | -14.8% | ||
| Q2 25 | 35.3% | -18.5% | ||
| Q1 25 | 31.7% | -13.3% | ||
| Q4 24 | 38.1% | -11.3% | ||
| Q3 24 | 50.7% | -7.2% | ||
| Q2 24 | 35.0% | -9.1% | ||
| Q1 24 | 24.3% | -18.4% |
| Q4 25 | $1.18 | $0.36 | ||
| Q3 25 | $2.68 | $-0.64 | ||
| Q2 25 | $1.88 | $-0.74 | ||
| Q1 25 | $1.66 | $-0.50 | ||
| Q4 24 | $1.99 | $-0.41 | ||
| Q3 24 | $2.61 | $-0.26 | ||
| Q2 24 | $1.78 | $-0.30 | ||
| Q1 24 | $1.22 | $-0.56 |
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 | $1.7B |
| Total Assets | $22.2B | $2.4B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | — | ||
| Q3 25 | $123.3M | $1.0M | ||
| Q2 25 | $102.8M | $16.0M | ||
| Q1 25 | $53.3M | $17.8M | ||
| Q4 24 | $108.6M | $22.7M | ||
| Q3 24 | $552.4M | $29.5M | ||
| Q2 24 | $545.8M | $90.3M | ||
| Q1 24 | $287.9M | $69.1M |
| 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 | $1.7B | ||
| Q3 25 | $11.9B | $1.3B | ||
| Q2 25 | $11.9B | $1.2B | ||
| Q1 25 | $11.9B | $1.2B | ||
| Q4 24 | $11.9B | $1.2B | ||
| Q3 24 | $11.9B | $878.5M | ||
| Q2 24 | $11.7B | $836.5M | ||
| Q1 24 | $11.7B | $794.1M |
| Q4 25 | $22.2B | $2.4B | ||
| Q3 25 | $21.9B | $1.8B | ||
| Q2 25 | $21.8B | $1.8B | ||
| Q1 25 | $21.2B | $1.7B | ||
| Q4 24 | $21.0B | $1.7B | ||
| Q3 24 | $21.3B | $1.6B | ||
| Q2 24 | $21.0B | $1.5B | ||
| Q1 24 | $20.6B | $1.5B |
| 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 | $73.9M |
| Free Cash FlowOCF − Capex | $1.4B | $37.8M |
| FCF MarginFCF / Revenue | 183.5% | 5.7% |
| Capex IntensityCapex / Revenue | 34.1% | 5.4% |
| Cash ConversionOCF / Net Profit | 10.07× | 1.56× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $109.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $73.9M | ||
| Q3 25 | $477.0M | $59.4M | ||
| Q2 25 | $377.8M | $37.6M | ||
| Q1 25 | $415.9M | $44.5M | ||
| Q4 24 | $1.6B | $52.9M | ||
| Q3 24 | $486.2M | $51.8M | ||
| Q2 24 | $380.0M | $4.0M | ||
| Q1 24 | $412.9M | $27.0M |
| Q4 25 | $1.4B | $37.8M | ||
| Q3 25 | $402.2M | $37.0M | ||
| Q2 25 | $317.1M | $11.7M | ||
| Q1 25 | $367.5M | $22.6M | ||
| Q4 24 | $1.4B | $34.8M | ||
| Q3 24 | $434.2M | $35.5M | ||
| Q2 24 | $333.0M | $-7.7M | ||
| Q1 24 | $375.4M | $6.7M |
| Q4 25 | 183.5% | 5.7% | ||
| Q3 25 | 52.5% | 6.2% | ||
| Q2 25 | 41.7% | 2.1% | ||
| Q1 25 | 49.3% | 4.5% | ||
| Q4 24 | 191.0% | 7.3% | ||
| Q3 24 | 59.1% | 8.1% | ||
| Q2 24 | 45.9% | -1.9% | ||
| Q1 24 | 52.7% | 1.8% |
| Q4 25 | 34.1% | 5.4% | ||
| Q3 25 | 9.8% | 3.8% | ||
| Q2 25 | 8.0% | 4.7% | ||
| Q1 25 | 6.5% | 4.3% | ||
| Q4 24 | 26.1% | 3.8% | ||
| Q3 24 | 7.1% | 3.7% | ||
| Q2 24 | 6.5% | 2.8% | ||
| Q1 24 | 5.3% | 5.5% |
| Q4 25 | 10.07× | 1.56× | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 5.70× | — | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 2.38× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
