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

AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $750.6M, roughly 1.0× Envista Holdings Corp). AvalonBay Communities runs the higher net margin — 9040.6% vs 4.4%, a 9036.2% gap on every dollar of revenue. On growth, Envista Holdings Corp posted the faster year-over-year revenue change (15.0% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $91.7M). Over the past eight quarters, Envista Holdings Corp's revenue compounded faster (9.7% CAGR vs 3.8%).

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

Envista Forensics is a United States based company that provides forensic engineering and recovery solutions for the insurance, legal, and risk management industries in the United States and internationally. Originally LWG Consulting, Inc., The company rebranded itself as Envista Forensics in 2017.

AVB vs NVST — Head-to-Head

Bigger by revenue
AVB
AVB
1.0× larger
AVB
$767.9M
$750.6M
NVST
Growing faster (revenue YoY)
NVST
NVST
+11.3% gap
NVST
15.0%
3.7%
AVB
Higher net margin
AVB
AVB
9036.2% more per $
AVB
9040.6%
4.4%
NVST
More free cash flow
AVB
AVB
$1.3B more FCF
AVB
$1.4B
$91.7M
NVST
Faster 2-yr revenue CAGR
NVST
NVST
Annualised
NVST
9.7%
3.8%
AVB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVB
AVB
NVST
NVST
Revenue
$767.9M
$750.6M
Net Profit
$166.0M
$32.9M
Gross Margin
54.7%
Operating Margin
64.2%
9.8%
Net Margin
9040.6%
4.4%
Revenue YoY
3.7%
15.0%
Net Profit YoY
-41.2%
2641.7%
EPS (diluted)
$1.18
$0.20

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
NVST
NVST
Q4 25
$767.9M
$750.6M
Q3 25
$766.8M
$669.9M
Q2 25
$760.2M
$682.1M
Q1 25
$745.9M
$616.9M
Q4 24
$740.5M
$652.9M
Q3 24
$734.3M
$601.0M
Q2 24
$726.0M
$633.1M
Q1 24
$712.9M
$623.6M
Net Profit
AVB
AVB
NVST
NVST
Q4 25
$166.0M
$32.9M
Q3 25
$381.3M
$-30.3M
Q2 25
$268.7M
$26.4M
Q1 25
$236.6M
$18.0M
Q4 24
$282.1M
$1.2M
Q3 24
$372.5M
$8.2M
Q2 24
$253.9M
$-1.2B
Q1 24
$173.4M
$23.6M
Gross Margin
AVB
AVB
NVST
NVST
Q4 25
54.7%
Q3 25
55.3%
Q2 25
54.2%
Q1 25
54.5%
Q4 24
57.1%
Q3 24
52.8%
Q2 24
51.6%
Q1 24
57.1%
Operating Margin
AVB
AVB
NVST
NVST
Q4 25
64.2%
9.8%
Q3 25
65.7%
8.6%
Q2 25
67.6%
6.8%
Q1 25
68.5%
6.3%
Q4 24
63.1%
7.1%
Q3 24
65.4%
3.5%
Q2 24
66.6%
-182.2%
Q1 24
67.2%
7.7%
Net Margin
AVB
AVB
NVST
NVST
Q4 25
9040.6%
4.4%
Q3 25
49.7%
-4.5%
Q2 25
35.3%
3.9%
Q1 25
31.7%
2.9%
Q4 24
38.1%
0.2%
Q3 24
50.7%
1.4%
Q2 24
35.0%
-181.9%
Q1 24
24.3%
3.8%
EPS (diluted)
AVB
AVB
NVST
NVST
Q4 25
$1.18
$0.20
Q3 25
$2.68
$-0.18
Q2 25
$1.88
$0.16
Q1 25
$1.66
$0.10
Q4 24
$1.99
$0.00
Q3 24
$2.61
$0.05
Q2 24
$1.78
$-6.69
Q1 24
$1.22
$0.14

Balance Sheet & Financial Strength

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

Metric
AVB
AVB
NVST
NVST
Cash + ST InvestmentsLiquidity on hand
$187.2M
$1.2B
Total DebtLower is stronger
$9.3B
$1.4B
Stockholders' EquityBook value
$11.6B
$3.1B
Total Assets
$22.2B
$5.7B
Debt / EquityLower = less leverage
0.80×
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
NVST
NVST
Q4 25
$187.2M
$1.2B
Q3 25
$123.3M
$1.1B
Q2 25
$102.8M
$1.1B
Q1 25
$53.3M
$1.1B
Q4 24
$108.6M
$1.1B
Q3 24
$552.4M
$991.3M
Q2 24
$545.8M
$1.0B
Q1 24
$287.9M
$948.5M
Total Debt
AVB
AVB
NVST
NVST
Q4 25
$9.3B
$1.4B
Q3 25
$8.7B
$1.4B
Q2 25
$8.7B
$1.4B
Q1 25
$8.3B
$1.4B
Q4 24
$8.1B
$1.4B
Q3 24
$8.4B
$1.4B
Q2 24
$8.4B
$1.5B
Q1 24
$8.0B
$1.5B
Stockholders' Equity
AVB
AVB
NVST
NVST
Q4 25
$11.6B
$3.1B
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
$3.1B
Q2 24
$11.7B
$3.0B
Q1 24
$11.7B
$4.1B
Total Assets
AVB
AVB
NVST
NVST
Q4 25
$22.2B
$5.7B
Q3 25
$21.9B
$5.6B
Q2 25
$21.8B
$5.7B
Q1 25
$21.2B
$5.5B
Q4 24
$21.0B
$5.4B
Q3 24
$21.3B
$5.5B
Q2 24
$21.0B
$5.4B
Q1 24
$20.6B
$6.6B
Debt / Equity
AVB
AVB
NVST
NVST
Q4 25
0.80×
0.47×
Q3 25
0.73×
0.47×
Q2 25
0.72×
0.46×
Q1 25
0.70×
0.47×
Q4 24
0.68×
0.48×
Q3 24
0.70×
0.46×
Q2 24
0.71×
0.51×
Q1 24
0.68×
0.36×

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
NVST
NVST
Operating Cash FlowLast quarter
$1.7B
$108.0M
Free Cash FlowOCF − Capex
$1.4B
$91.7M
FCF MarginFCF / Revenue
183.5%
12.2%
Capex IntensityCapex / Revenue
34.1%
2.2%
Cash ConversionOCF / Net Profit
10.07×
3.28×
TTM Free Cash FlowTrailing 4 quarters
$2.5B
$230.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
NVST
NVST
Q4 25
$1.7B
$108.0M
Q3 25
$477.0M
$78.7M
Q2 25
$377.8M
$88.7M
Q1 25
$415.9M
$300.0K
Q4 24
$1.6B
$132.4M
Q3 24
$486.2M
$70.7M
Q2 24
$380.0M
$93.1M
Q1 24
$412.9M
$40.3M
Free Cash Flow
AVB
AVB
NVST
NVST
Q4 25
$1.4B
$91.7M
Q3 25
$402.2M
$67.9M
Q2 25
$317.1M
$76.4M
Q1 25
$367.5M
$-5.6M
Q4 24
$1.4B
$123.8M
Q3 24
$434.2M
$63.3M
Q2 24
$333.0M
$86.3M
Q1 24
$375.4M
$29.3M
FCF Margin
AVB
AVB
NVST
NVST
Q4 25
183.5%
12.2%
Q3 25
52.5%
10.1%
Q2 25
41.7%
11.2%
Q1 25
49.3%
-0.9%
Q4 24
191.0%
19.0%
Q3 24
59.1%
10.5%
Q2 24
45.9%
13.6%
Q1 24
52.7%
4.7%
Capex Intensity
AVB
AVB
NVST
NVST
Q4 25
34.1%
2.2%
Q3 25
9.8%
1.6%
Q2 25
8.0%
1.8%
Q1 25
6.5%
1.0%
Q4 24
26.1%
1.3%
Q3 24
7.1%
1.2%
Q2 24
6.5%
1.1%
Q1 24
5.3%
1.8%
Cash Conversion
AVB
AVB
NVST
NVST
Q4 25
10.07×
3.28×
Q3 25
1.25×
Q2 25
1.41×
3.36×
Q1 25
1.76×
0.02×
Q4 24
5.70×
110.33×
Q3 24
1.31×
8.62×
Q2 24
1.50×
Q1 24
2.38×
1.71×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVB
AVB

Segment breakdown not available.

NVST
NVST

Other$375.8M50%
Specialty Productsand Technologies$188.4M25%
Equipmentand Consumables$186.4M25%

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