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Side-by-side financial comparison of AvalonBay Communities (AVB) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.
PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $767.9M, roughly 1.8× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 4.4%, a 9036.2% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 3.7%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
AVB vs PACS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $1.4B |
| Net Profit | $166.0M | $59.7M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | 7.0% |
| Net Margin | 9040.6% | 4.4% |
| Revenue YoY | 3.7% | 18.4% |
| Net Profit YoY | -41.2% | 3022.5% |
| EPS (diluted) | $1.18 | $0.42 |
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 | $1.4B | ||
| Q3 25 | $766.8M | $1.3B | ||
| Q2 25 | $760.2M | $1.3B | ||
| Q1 25 | $745.9M | $1.3B | ||
| Q4 24 | $740.5M | $1.1B | ||
| Q3 24 | $734.3M | $1.0B | ||
| Q2 24 | $726.0M | $981.4M | ||
| Q1 24 | $712.9M | $934.3M |
| Q4 25 | $166.0M | $59.7M | ||
| Q3 25 | $381.3M | $52.4M | ||
| Q2 25 | $268.7M | $51.0M | ||
| Q1 25 | $236.6M | $28.5M | ||
| Q4 24 | $282.1M | $1.9M | ||
| Q3 24 | $372.5M | $15.6M | ||
| Q2 24 | $253.9M | $-10.9M | ||
| Q1 24 | $173.4M | $49.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 21.2% |
| Q4 25 | 64.2% | 7.0% | ||
| Q3 25 | 65.7% | 6.4% | ||
| Q2 25 | 67.6% | 6.2% | ||
| Q1 25 | 68.5% | 3.8% | ||
| Q4 24 | 63.1% | 1.7% | ||
| Q3 24 | 65.4% | 2.2% | ||
| Q2 24 | 66.6% | 0.1% | ||
| Q1 24 | 67.2% | 8.6% |
| Q4 25 | 9040.6% | 4.4% | ||
| Q3 25 | 49.7% | 3.9% | ||
| Q2 25 | 35.3% | 3.9% | ||
| Q1 25 | 31.7% | 2.2% | ||
| Q4 24 | 38.1% | 0.2% | ||
| Q3 24 | 50.7% | 1.5% | ||
| Q2 24 | 35.0% | -1.1% | ||
| Q1 24 | 24.3% | 5.3% |
| Q4 25 | $1.18 | $0.42 | ||
| Q3 25 | $2.68 | $0.32 | ||
| Q2 25 | $1.88 | $0.31 | ||
| Q1 25 | $1.66 | $0.17 | ||
| Q4 24 | $1.99 | $-0.03 | ||
| Q3 24 | $2.61 | $0.10 | ||
| Q2 24 | $1.78 | $-0.07 | ||
| Q1 24 | $1.22 | $0.38 |
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 | $197.0M |
| Total DebtLower is stronger | $9.3B | $353.2M |
| Stockholders' EquityBook value | $11.6B | $946.8M |
| Total Assets | $22.2B | $5.6B |
| Debt / EquityLower = less leverage | 0.80× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $197.0M | ||
| Q3 25 | $123.3M | $355.7M | ||
| Q2 25 | $102.8M | $294.2M | ||
| Q1 25 | $53.3M | $287.5M | ||
| Q4 24 | $108.6M | $157.7M | ||
| Q3 24 | $552.4M | $49.5M | ||
| Q2 24 | $545.8M | $73.4M | ||
| Q1 24 | $287.9M | $81.2M |
| Q4 25 | $9.3B | $353.2M | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.1B | $411.9M | ||
| Q3 24 | $8.4B | — | ||
| Q2 24 | $8.4B | — | ||
| Q1 24 | $8.0B | — |
| Q4 25 | $11.6B | $946.8M | ||
| Q3 25 | $11.9B | $871.3M | ||
| Q2 25 | $11.9B | $806.8M | ||
| Q1 25 | $11.9B | $750.2M | ||
| Q4 24 | $11.9B | $709.6M | ||
| Q3 24 | $11.9B | $660.0M | ||
| Q2 24 | $11.7B | $572.1M | ||
| Q1 24 | $11.7B | $128.0M |
| Q4 25 | $22.2B | $5.6B | ||
| Q3 25 | $21.9B | $5.6B | ||
| Q2 25 | $21.8B | $5.5B | ||
| Q1 25 | $21.2B | $5.5B | ||
| Q4 24 | $21.0B | $5.2B | ||
| Q3 24 | $21.3B | $4.5B | ||
| Q2 24 | $21.0B | $3.9B | ||
| Q1 24 | $20.6B | $3.9B |
| Q4 25 | 0.80× | 0.37× | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.68× | 0.58× | ||
| 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 | $-3.4M |
| Free Cash FlowOCF − Capex | $1.4B | — |
| FCF MarginFCF / Revenue | 183.5% | — |
| Capex IntensityCapex / Revenue | 34.1% | — |
| Cash ConversionOCF / Net Profit | 10.07× | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $-3.4M | ||
| Q3 25 | $477.0M | $204.8M | ||
| Q2 25 | $377.8M | $52.6M | ||
| Q1 25 | $415.9M | $150.2M | ||
| Q4 24 | $1.6B | $64.6M | ||
| Q3 24 | $486.2M | $209.2M | ||
| Q2 24 | $380.0M | $34.8M | ||
| Q1 24 | $412.9M | $58.8M |
| 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× | -0.06× | ||
| Q3 25 | 1.25× | 3.91× | ||
| Q2 25 | 1.41× | 1.03× | ||
| Q1 25 | 1.76× | 5.28× | ||
| Q4 24 | 5.70× | 33.78× | ||
| Q3 24 | 1.31× | 13.39× | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 2.38× | 1.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
