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Side-by-side financial comparison of AvalonBay Communities (AVB) and PHINIA INC. (PHIN). Click either name above to swap in a different company.

PHINIA INC. is the larger business by last-quarter revenue ($889.0M vs $767.9M, roughly 1.2× AvalonBay Communities). On growth, PHINIA INC. posted the faster year-over-year revenue change (6.7% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $67.0M). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (3.8% CAGR vs 1.5%).

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

PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.

AVB vs PHIN — Head-to-Head

Bigger by revenue
PHIN
PHIN
1.2× larger
PHIN
$889.0M
$767.9M
AVB
Growing faster (revenue YoY)
PHIN
PHIN
+3.0% gap
PHIN
6.7%
3.7%
AVB
More free cash flow
AVB
AVB
$1.3B more FCF
AVB
$1.4B
$67.0M
PHIN
Faster 2-yr revenue CAGR
AVB
AVB
Annualised
AVB
3.8%
1.5%
PHIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVB
AVB
PHIN
PHIN
Revenue
$767.9M
$889.0M
Net Profit
$166.0M
Gross Margin
21.7%
Operating Margin
64.2%
7.8%
Net Margin
9040.6%
Revenue YoY
3.7%
6.7%
Net Profit YoY
-41.2%
EPS (diluted)
$1.18
$1.14

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
PHIN
PHIN
Q4 25
$767.9M
$889.0M
Q3 25
$766.8M
$908.0M
Q2 25
$760.2M
$890.0M
Q1 25
$745.9M
$796.0M
Q4 24
$740.5M
$833.0M
Q3 24
$734.3M
$839.0M
Q2 24
$726.0M
$868.0M
Q1 24
$712.9M
$863.0M
Net Profit
AVB
AVB
PHIN
PHIN
Q4 25
$166.0M
Q3 25
$381.3M
$13.0M
Q2 25
$268.7M
$46.0M
Q1 25
$236.6M
$26.0M
Q4 24
$282.1M
Q3 24
$372.5M
$31.0M
Q2 24
$253.9M
$14.0M
Q1 24
$173.4M
$29.0M
Gross Margin
AVB
AVB
PHIN
PHIN
Q4 25
21.7%
Q3 25
22.0%
Q2 25
22.1%
Q1 25
21.6%
Q4 24
22.7%
Q3 24
22.3%
Q2 24
21.7%
Q1 24
22.2%
Operating Margin
AVB
AVB
PHIN
PHIN
Q4 25
64.2%
7.8%
Q3 25
65.7%
3.7%
Q2 25
67.6%
10.0%
Q1 25
68.5%
7.8%
Q4 24
63.1%
6.1%
Q3 24
65.4%
7.9%
Q2 24
66.6%
8.2%
Q1 24
67.2%
8.2%
Net Margin
AVB
AVB
PHIN
PHIN
Q4 25
9040.6%
Q3 25
49.7%
1.4%
Q2 25
35.3%
5.2%
Q1 25
31.7%
3.3%
Q4 24
38.1%
Q3 24
50.7%
3.7%
Q2 24
35.0%
1.6%
Q1 24
24.3%
3.4%
EPS (diluted)
AVB
AVB
PHIN
PHIN
Q4 25
$1.18
$1.14
Q3 25
$2.68
$0.33
Q2 25
$1.88
$1.14
Q1 25
$1.66
$0.63
Q4 24
$1.99
$0.13
Q3 24
$2.61
$0.70
Q2 24
$1.78
$0.31
Q1 24
$1.22
$0.62

Balance Sheet & Financial Strength

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

Metric
AVB
AVB
PHIN
PHIN
Cash + ST InvestmentsLiquidity on hand
$187.2M
$359.0M
Total DebtLower is stronger
$9.3B
$970.0M
Stockholders' EquityBook value
$11.6B
$1.6B
Total Assets
$22.2B
$3.8B
Debt / EquityLower = less leverage
0.80×
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
PHIN
PHIN
Q4 25
$187.2M
$359.0M
Q3 25
$123.3M
$349.0M
Q2 25
$102.8M
$347.0M
Q1 25
$53.3M
$373.0M
Q4 24
$108.6M
$484.0M
Q3 24
$552.4M
$477.0M
Q2 24
$545.8M
$339.0M
Q1 24
$287.9M
$325.0M
Total Debt
AVB
AVB
PHIN
PHIN
Q4 25
$9.3B
$970.0M
Q3 25
$8.7B
$990.0M
Q2 25
$8.7B
$990.0M
Q1 25
$8.3B
$989.0M
Q4 24
$8.1B
$988.0M
Q3 24
$8.4B
$987.0M
Q2 24
$8.4B
$821.0M
Q1 24
$8.0B
$706.0M
Stockholders' Equity
AVB
AVB
PHIN
PHIN
Q4 25
$11.6B
$1.6B
Q3 25
$11.9B
$1.6B
Q2 25
$11.9B
$1.6B
Q1 25
$11.9B
$1.5B
Q4 24
$11.9B
$1.6B
Q3 24
$11.9B
$1.7B
Q2 24
$11.7B
$1.7B
Q1 24
$11.7B
$1.9B
Total Assets
AVB
AVB
PHIN
PHIN
Q4 25
$22.2B
$3.8B
Q3 25
$21.9B
$4.0B
Q2 25
$21.8B
$3.9B
Q1 25
$21.2B
$3.7B
Q4 24
$21.0B
$3.8B
Q3 24
$21.3B
$4.0B
Q2 24
$21.0B
$3.9B
Q1 24
$20.6B
$4.0B
Debt / Equity
AVB
AVB
PHIN
PHIN
Q4 25
0.80×
0.61×
Q3 25
0.73×
0.62×
Q2 25
0.72×
0.61×
Q1 25
0.70×
0.64×
Q4 24
0.68×
0.63×
Q3 24
0.70×
0.58×
Q2 24
0.71×
0.47×
Q1 24
0.68×
0.38×

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
PHIN
PHIN
Operating Cash FlowLast quarter
$1.7B
$96.0M
Free Cash FlowOCF − Capex
$1.4B
$67.0M
FCF MarginFCF / Revenue
183.5%
7.5%
Capex IntensityCapex / Revenue
34.1%
3.3%
Cash ConversionOCF / Net Profit
10.07×
TTM Free Cash FlowTrailing 4 quarters
$2.5B
$188.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
PHIN
PHIN
Q4 25
$1.7B
$96.0M
Q3 25
$477.0M
$119.0M
Q2 25
$377.8M
$57.0M
Q1 25
$415.9M
$40.0M
Q4 24
$1.6B
$73.0M
Q3 24
$486.2M
$95.0M
Q2 24
$380.0M
$109.0M
Q1 24
$412.9M
$31.0M
Free Cash Flow
AVB
AVB
PHIN
PHIN
Q4 25
$1.4B
$67.0M
Q3 25
$402.2M
$93.0M
Q2 25
$317.1M
$23.0M
Q1 25
$367.5M
$5.0M
Q4 24
$1.4B
$53.0M
Q3 24
$434.2M
$70.0M
Q2 24
$333.0M
$92.0M
Q1 24
$375.4M
$-12.0M
FCF Margin
AVB
AVB
PHIN
PHIN
Q4 25
183.5%
7.5%
Q3 25
52.5%
10.2%
Q2 25
41.7%
2.6%
Q1 25
49.3%
0.6%
Q4 24
191.0%
6.4%
Q3 24
59.1%
8.3%
Q2 24
45.9%
10.6%
Q1 24
52.7%
-1.4%
Capex Intensity
AVB
AVB
PHIN
PHIN
Q4 25
34.1%
3.3%
Q3 25
9.8%
2.9%
Q2 25
8.0%
3.8%
Q1 25
6.5%
4.4%
Q4 24
26.1%
2.4%
Q3 24
7.1%
3.0%
Q2 24
6.5%
2.0%
Q1 24
5.3%
5.0%
Cash Conversion
AVB
AVB
PHIN
PHIN
Q4 25
10.07×
Q3 25
1.25×
9.15×
Q2 25
1.41×
1.24×
Q1 25
1.76×
1.54×
Q4 24
5.70×
Q3 24
1.31×
3.06×
Q2 24
1.50×
7.79×
Q1 24
2.38×
1.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVB
AVB

Segment breakdown not available.

PHIN
PHIN

Customer$618.0M70%
Fuel Systems$194.0M22%
Other$77.0M9%

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