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Side-by-side financial comparison of AvalonBay Communities (AVB) and Principal Financial Group (PFG). Click either name above to swap in a different company.
AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $750.8M, roughly 1.0× Principal Financial Group). AvalonBay Communities runs the higher net margin — 9040.6% vs 0.3%, a 9040.3% gap on every dollar of revenue. On growth, Principal Financial Group posted the faster year-over-year revenue change (4.0% vs 3.7%). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (3.8% CAGR vs -58.3%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Principal Financial GroupPFGEarnings & Financial Report
Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.
AVB vs PFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $750.8M |
| Net Profit | $166.0M | $1.9M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | — |
| Net Margin | 9040.6% | 0.3% |
| Revenue YoY | 3.7% | 4.0% |
| Net Profit YoY | -41.2% | 783.0% |
| EPS (diluted) | $1.18 | — |
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 | — | $750.8M | ||
| Q4 25 | $767.9M | $4.6B | ||
| Q3 25 | $766.8M | $3.7B | ||
| Q2 25 | $760.2M | $3.7B | ||
| Q1 25 | $745.9M | $3.7B | ||
| Q4 24 | $740.5M | $4.8B | ||
| Q3 24 | $734.3M | $3.0B | ||
| Q2 24 | $726.0M | $4.3B |
| Q1 26 | — | $1.9M | ||
| Q4 25 | $166.0M | $517.0M | ||
| Q3 25 | $381.3M | $213.8M | ||
| Q2 25 | $268.7M | $406.2M | ||
| Q1 25 | $236.6M | $48.1M | ||
| Q4 24 | $282.1M | $905.4M | ||
| Q3 24 | $372.5M | $-220.0M | ||
| Q2 24 | $253.9M | $353.1M |
| Q1 26 | — | — | ||
| Q4 25 | 64.2% | — | ||
| Q3 25 | 65.7% | — | ||
| Q2 25 | 67.6% | — | ||
| Q1 25 | 68.5% | — | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | 65.4% | — | ||
| Q2 24 | 66.6% | — |
| Q1 26 | — | 0.3% | ||
| Q4 25 | 9040.6% | 11.3% | ||
| Q3 25 | 49.7% | 5.8% | ||
| Q2 25 | 35.3% | 11.1% | ||
| Q1 25 | 31.7% | 1.3% | ||
| Q4 24 | 38.1% | 19.1% | ||
| Q3 24 | 50.7% | -7.3% | ||
| Q2 24 | 35.0% | 8.2% |
| Q1 26 | — | — | ||
| Q4 25 | $1.18 | $2.30 | ||
| Q3 25 | $2.68 | $0.95 | ||
| Q2 25 | $1.88 | $1.79 | ||
| Q1 25 | $1.66 | $0.21 | ||
| Q4 24 | $1.99 | $3.92 | ||
| Q3 24 | $2.61 | $-0.95 | ||
| Q2 24 | $1.78 | $1.49 |
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 | — |
| Total Assets | $22.2B | — |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $187.2M | $4.4B | ||
| Q3 25 | $123.3M | $5.1B | ||
| Q2 25 | $102.8M | $3.7B | ||
| Q1 25 | $53.3M | $3.9B | ||
| Q4 24 | $108.6M | $4.2B | ||
| Q3 24 | $552.4M | $6.2B | ||
| Q2 24 | $545.8M | $4.8B |
| Q1 26 | — | — | ||
| Q4 25 | $9.3B | $3.9B | ||
| Q3 25 | $8.7B | $3.9B | ||
| Q2 25 | $8.7B | $3.9B | ||
| Q1 25 | $8.3B | $4.3B | ||
| Q4 24 | $8.1B | $4.0B | ||
| Q3 24 | $8.4B | $3.9B | ||
| Q2 24 | $8.4B | $3.9B |
| Q1 26 | — | — | ||
| Q4 25 | $11.6B | $11.9B | ||
| Q3 25 | $11.9B | $11.7B | ||
| Q2 25 | $11.9B | $11.4B | ||
| Q1 25 | $11.9B | $11.2B | ||
| Q4 24 | $11.9B | $11.1B | ||
| Q3 24 | $11.9B | $11.2B | ||
| Q2 24 | $11.7B | $11.0B |
| Q1 26 | — | — | ||
| Q4 25 | $22.2B | $341.4B | ||
| Q3 25 | $21.9B | $334.5B | ||
| Q2 25 | $21.8B | $323.1B | ||
| Q1 25 | $21.2B | $313.0B | ||
| Q4 24 | $21.0B | $313.7B | ||
| Q3 24 | $21.3B | $322.9B | ||
| Q2 24 | $21.0B | $308.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 0.33× | ||
| Q3 25 | 0.73× | 0.34× | ||
| Q2 25 | 0.72× | 0.34× | ||
| Q1 25 | 0.70× | 0.39× | ||
| Q4 24 | 0.68× | 0.36× | ||
| Q3 24 | 0.70× | 0.35× | ||
| Q2 24 | 0.71× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.7B | — |
| Free Cash FlowOCF − Capex | $1.4B | — |
| FCF MarginFCF / Revenue | 183.5% | — |
| Capex IntensityCapex / Revenue | 34.1% | — |
| Cash ConversionOCF / Net Profit | 10.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $477.0M | $1.0B | ||
| Q2 25 | $377.8M | $811.9M | ||
| Q1 25 | $415.9M | $977.3M | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $486.2M | $1.1B | ||
| Q2 24 | $380.0M | $1.4B |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 10.07× | 3.37× | ||
| Q3 25 | 1.25× | 4.70× | ||
| Q2 25 | 1.41× | 2.00× | ||
| Q1 25 | 1.76× | 20.32× | ||
| Q4 24 | 5.70× | 1.61× | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.50× | 4.05× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
