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Side-by-side financial comparison of AvalonBay Communities (AVB) and PATRICK INDUSTRIES INC (PATK). Click either name above to swap in a different company.
PATRICK INDUSTRIES INC is the larger business by last-quarter revenue ($924.2M vs $767.9M, roughly 1.2× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 3.1%, a 9037.4% gap on every dollar of revenue. On growth, PATRICK INDUSTRIES INC posted the faster year-over-year revenue change (9.2% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $112.7M). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (3.8% CAGR vs -0.5%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
AVB vs PATK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $924.2M |
| Net Profit | $166.0M | $29.1M |
| Gross Margin | — | 23.0% |
| Operating Margin | 64.2% | 6.2% |
| Net Margin | 9040.6% | 3.1% |
| Revenue YoY | 3.7% | 9.2% |
| Net Profit YoY | -41.2% | 99.7% |
| EPS (diluted) | $1.18 | $0.82 |
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 | $924.2M | ||
| Q3 25 | $766.8M | $975.6M | ||
| Q2 25 | $760.2M | $1.0B | ||
| Q1 25 | $745.9M | $1.0B | ||
| Q4 24 | $740.5M | $846.1M | ||
| Q3 24 | $734.3M | $919.4M | ||
| Q2 24 | $726.0M | $1.0B | ||
| Q1 24 | $712.9M | $933.5M |
| Q4 25 | $166.0M | $29.1M | ||
| Q3 25 | $381.3M | $35.3M | ||
| Q2 25 | $268.7M | $32.4M | ||
| Q1 25 | $236.6M | $38.2M | ||
| Q4 24 | $282.1M | $14.6M | ||
| Q3 24 | $372.5M | $40.9M | ||
| Q2 24 | $253.9M | $47.9M | ||
| Q1 24 | $173.4M | $35.1M |
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 22.6% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 22.1% | ||
| Q3 24 | — | 23.1% | ||
| Q2 24 | — | 22.8% | ||
| Q1 24 | — | 21.9% |
| Q4 25 | 64.2% | 6.2% | ||
| Q3 25 | 65.7% | 6.8% | ||
| Q2 25 | 67.6% | 8.3% | ||
| Q1 25 | 68.5% | 6.5% | ||
| Q4 24 | 63.1% | 4.7% | ||
| Q3 24 | 65.4% | 8.1% | ||
| Q2 24 | 66.6% | 8.3% | ||
| Q1 24 | 67.2% | 6.4% |
| Q4 25 | 9040.6% | 3.1% | ||
| Q3 25 | 49.7% | 3.6% | ||
| Q2 25 | 35.3% | 3.1% | ||
| Q1 25 | 31.7% | 3.8% | ||
| Q4 24 | 38.1% | 1.7% | ||
| Q3 24 | 50.7% | 4.4% | ||
| Q2 24 | 35.0% | 4.7% | ||
| Q1 24 | 24.3% | 3.8% |
| Q4 25 | $1.18 | $0.82 | ||
| Q3 25 | $2.68 | $1.01 | ||
| Q2 25 | $1.88 | $0.96 | ||
| Q1 25 | $1.66 | $1.11 | ||
| Q4 24 | $1.99 | $-1.44 | ||
| Q3 24 | $2.61 | $1.80 | ||
| Q2 24 | $1.78 | $2.16 | ||
| Q1 24 | $1.22 | $1.59 |
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 | $26.4M |
| Total DebtLower is stronger | $9.3B | $1.3B |
| Stockholders' EquityBook value | $11.6B | $1.2B |
| Total Assets | $22.2B | $3.1B |
| Debt / EquityLower = less leverage | 0.80× | 1.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $26.4M | ||
| Q3 25 | $123.3M | $20.7M | ||
| Q2 25 | $102.8M | $22.0M | ||
| Q1 25 | $53.3M | $86.6M | ||
| Q4 24 | $108.6M | $33.6M | ||
| Q3 24 | $552.4M | $52.6M | ||
| Q2 24 | $545.8M | $44.0M | ||
| Q1 24 | $287.9M | $17.6M |
| Q4 25 | $9.3B | $1.3B | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.1B | $1.3B | ||
| Q3 24 | $8.4B | — | ||
| Q2 24 | $8.4B | — | ||
| Q1 24 | $8.0B | — |
| Q4 25 | $11.6B | $1.2B | ||
| Q3 25 | $11.9B | $1.2B | ||
| Q2 25 | $11.9B | $1.1B | ||
| Q1 25 | $11.9B | $1.1B | ||
| Q4 24 | $11.9B | $1.1B | ||
| Q3 24 | $11.9B | $1.1B | ||
| Q2 24 | $11.7B | $1.1B | ||
| Q1 24 | $11.7B | $1.1B |
| Q4 25 | $22.2B | $3.1B | ||
| Q3 25 | $21.9B | $3.1B | ||
| Q2 25 | $21.8B | $3.1B | ||
| Q1 25 | $21.2B | $3.2B | ||
| Q4 24 | $21.0B | $3.0B | ||
| Q3 24 | $21.3B | $3.1B | ||
| Q2 24 | $21.0B | $3.0B | ||
| Q1 24 | $20.6B | $3.0B |
| Q4 25 | 0.80× | 1.10× | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.68× | 1.18× | ||
| 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 | $130.8M |
| Free Cash FlowOCF − Capex | $1.4B | $112.7M |
| FCF MarginFCF / Revenue | 183.5% | 12.2% |
| Capex IntensityCapex / Revenue | 34.1% | 2.0% |
| Cash ConversionOCF / Net Profit | 10.07× | 4.50× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $246.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $130.8M | ||
| Q3 25 | $477.0M | $9.1M | ||
| Q2 25 | $377.8M | $149.4M | ||
| Q1 25 | $415.9M | $40.1M | ||
| Q4 24 | $1.6B | $102.7M | ||
| Q3 24 | $486.2M | $51.5M | ||
| Q2 24 | $380.0M | $137.5M | ||
| Q1 24 | $412.9M | $35.2M |
| Q4 25 | $1.4B | $112.7M | ||
| Q3 25 | $402.2M | $-17.2M | ||
| Q2 25 | $317.1M | $131.1M | ||
| Q1 25 | $367.5M | $19.9M | ||
| Q4 24 | $1.4B | $77.2M | ||
| Q3 24 | $434.2M | $33.7M | ||
| Q2 24 | $333.0M | $120.6M | ||
| Q1 24 | $375.4M | $19.7M |
| Q4 25 | 183.5% | 12.2% | ||
| Q3 25 | 52.5% | -1.8% | ||
| Q2 25 | 41.7% | 12.5% | ||
| Q1 25 | 49.3% | 2.0% | ||
| Q4 24 | 191.0% | 9.1% | ||
| Q3 24 | 59.1% | 3.7% | ||
| Q2 24 | 45.9% | 11.9% | ||
| Q1 24 | 52.7% | 2.1% |
| Q4 25 | 34.1% | 2.0% | ||
| Q3 25 | 9.8% | 2.7% | ||
| Q2 25 | 8.0% | 1.7% | ||
| Q1 25 | 6.5% | 2.0% | ||
| Q4 24 | 26.1% | 3.0% | ||
| Q3 24 | 7.1% | 1.9% | ||
| Q2 24 | 6.5% | 1.7% | ||
| Q1 24 | 5.3% | 1.7% |
| Q4 25 | 10.07× | 4.50× | ||
| Q3 25 | 1.25× | 0.26× | ||
| Q2 25 | 1.41× | 4.61× | ||
| Q1 25 | 1.76× | 1.05× | ||
| Q4 24 | 5.70× | 7.05× | ||
| Q3 24 | 1.31× | 1.26× | ||
| Q2 24 | 1.50× | 2.87× | ||
| Q1 24 | 2.38× | 1.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
PATK
| Recreational Vehicle | $276.3M | 30% |
| Distribution | $222.4M | 24% |
| Marine | $141.9M | 15% |
| Industrial | $110.8M | 12% |
| Powersports | $104.8M | 11% |
| Manufactured Housing | $67.9M | 7% |
