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Side-by-side financial comparison of AvalonBay Communities (AVB) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $430.0M, roughly 1.8× PEGASYSTEMS INC). AvalonBay Communities runs the higher net margin — 9040.6% vs 7.6%, a 9033.0% gap on every dollar of revenue. On growth, AvalonBay Communities posted the faster year-over-year revenue change (3.7% vs -9.6%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $206.5M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
AVB vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $430.0M |
| Net Profit | $166.0M | $32.8M |
| Gross Margin | — | 75.2% |
| Operating Margin | 64.2% | 8.6% |
| Net Margin | 9040.6% | 7.6% |
| Revenue YoY | 3.7% | -9.6% |
| Net Profit YoY | -41.2% | — |
| EPS (diluted) | $1.18 | $0.18 |
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.
| Q1 26 | — | $430.0M | ||
| Q4 25 | $767.9M | $504.3M | ||
| Q3 25 | $766.8M | $381.4M | ||
| Q2 25 | $760.2M | $384.5M | ||
| Q1 25 | $745.9M | $475.6M | ||
| Q4 24 | $740.5M | $490.8M | ||
| Q3 24 | $734.3M | $325.1M | ||
| Q2 24 | $726.0M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $166.0M | $234.6M | ||
| Q3 25 | $381.3M | $43.4M | ||
| Q2 25 | $268.7M | $30.1M | ||
| Q1 25 | $236.6M | $85.4M | ||
| Q4 24 | $282.1M | $119.1M | ||
| Q3 24 | $372.5M | $-14.4M | ||
| Q2 24 | $253.9M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 64.2% | 20.7% | ||
| Q3 25 | 65.7% | 3.8% | ||
| Q2 25 | 67.6% | 4.5% | ||
| Q1 25 | 68.5% | 26.7% | ||
| Q4 24 | 63.1% | 29.1% | ||
| Q3 24 | 65.4% | -3.6% | ||
| Q2 24 | 66.6% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 9040.6% | 46.5% | ||
| Q3 25 | 49.7% | 11.4% | ||
| Q2 25 | 35.3% | 7.8% | ||
| Q1 25 | 31.7% | 18.0% | ||
| Q4 24 | 38.1% | 24.3% | ||
| Q3 24 | 50.7% | -4.4% | ||
| Q2 24 | 35.0% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $1.18 | $0.81 | ||
| Q3 25 | $2.68 | $0.24 | ||
| Q2 25 | $1.88 | $0.17 | ||
| Q1 25 | $1.66 | $0.91 | ||
| Q4 24 | $1.99 | $1.35 | ||
| Q3 24 | $2.61 | $-0.17 | ||
| Q2 24 | $1.78 | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $705.9M |
| Total Assets | $22.2B | $1.6B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $187.2M | $425.8M | ||
| Q3 25 | $123.3M | $351.4M | ||
| Q2 25 | $102.8M | $411.6M | ||
| Q1 25 | $53.3M | $371.7M | ||
| Q4 24 | $108.6M | $740.0M | ||
| Q3 24 | $552.4M | $703.0M | ||
| Q2 24 | $545.8M | $665.1M |
| Q1 26 | — | — | ||
| 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 26 | — | $705.9M | ||
| Q4 25 | $11.6B | $787.4M | ||
| Q3 25 | $11.9B | $596.8M | ||
| Q2 25 | $11.9B | $624.5M | ||
| Q1 25 | $11.9B | $611.3M | ||
| Q4 24 | $11.9B | $585.5M | ||
| Q3 24 | $11.9B | $473.0M | ||
| Q2 24 | $11.7B | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $22.2B | $1.6B | ||
| Q3 25 | $21.9B | $1.3B | ||
| Q2 25 | $21.8B | $1.3B | ||
| Q1 25 | $21.2B | $1.3B | ||
| Q4 24 | $21.0B | $1.8B | ||
| Q3 24 | $21.3B | $1.6B | ||
| Q2 24 | $21.0B | $1.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| Free Cash FlowOCF − Capex | $1.4B | $206.5M |
| FCF MarginFCF / Revenue | 183.5% | 48.0% |
| Capex IntensityCapex / Revenue | 34.1% | — |
| Cash ConversionOCF / Net Profit | 10.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $158.4M | ||
| Q3 25 | $477.0M | $56.3M | ||
| Q2 25 | $377.8M | $86.3M | ||
| Q1 25 | $415.9M | $204.2M | ||
| Q4 24 | $1.6B | $95.2M | ||
| Q3 24 | $486.2M | $30.5M | ||
| Q2 24 | $380.0M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $1.4B | $152.4M | ||
| Q3 25 | $402.2M | $51.8M | ||
| Q2 25 | $317.1M | $84.1M | ||
| Q1 25 | $367.5M | $202.3M | ||
| Q4 24 | $1.4B | $92.4M | ||
| Q3 24 | $434.2M | $27.4M | ||
| Q2 24 | $333.0M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 183.5% | 30.2% | ||
| Q3 25 | 52.5% | 13.6% | ||
| Q2 25 | 41.7% | 21.9% | ||
| Q1 25 | 49.3% | 42.5% | ||
| Q4 24 | 191.0% | 18.8% | ||
| Q3 24 | 59.1% | 8.4% | ||
| Q2 24 | 45.9% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 34.1% | 1.2% | ||
| Q3 25 | 9.8% | 1.2% | ||
| Q2 25 | 8.0% | 0.6% | ||
| Q1 25 | 6.5% | 0.4% | ||
| Q4 24 | 26.1% | 0.6% | ||
| Q3 24 | 7.1% | 0.9% | ||
| Q2 24 | 6.5% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 10.07× | 0.68× | ||
| Q3 25 | 1.25× | 1.30× | ||
| Q2 25 | 1.41× | 2.87× | ||
| Q1 25 | 1.76× | 2.39× | ||
| Q4 24 | 5.70× | 0.80× | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.50× | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
