vs
Side-by-side financial comparison of AvalonBay Communities (AVB) and PJT Partners Inc. (PJT). Click either name above to swap in a different company.
AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $531.4M, roughly 1.4× PJT Partners Inc.). AvalonBay Communities runs the higher net margin — 9040.6% vs 10.0%, a 9030.5% gap on every dollar of revenue. On growth, PJT Partners Inc. posted the faster year-over-year revenue change (12.9% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $138.6M). Over the past eight quarters, PJT Partners Inc.'s revenue compounded faster (27.5% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
AVB vs PJT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $531.4M |
| Net Profit | $166.0M | $53.4M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | 23.1% |
| Net Margin | 9040.6% | 10.0% |
| Revenue YoY | 3.7% | 12.9% |
| Net Profit YoY | -41.2% | 4.0% |
| 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.
| Q4 25 | $767.9M | $531.4M | ||
| Q3 25 | $766.8M | $442.3M | ||
| Q2 25 | $760.2M | $401.1M | ||
| Q1 25 | $745.9M | $321.9M | ||
| Q4 24 | $740.5M | $470.5M | ||
| Q3 24 | $734.3M | $320.3M | ||
| Q2 24 | $726.0M | $358.1M | ||
| Q1 24 | $712.9M | $327.1M |
| Q4 25 | $166.0M | $53.4M | ||
| Q3 25 | $381.3M | $39.8M | ||
| Q2 25 | $268.7M | $32.9M | ||
| Q1 25 | $236.6M | $54.0M | ||
| Q4 24 | $282.1M | $51.3M | ||
| Q3 24 | $372.5M | $22.1M | ||
| Q2 24 | $253.9M | $28.3M | ||
| Q1 24 | $173.4M | $32.6M |
| Q4 25 | 64.2% | 23.1% | ||
| Q3 25 | 65.7% | 20.6% | ||
| Q2 25 | 67.6% | 19.1% | ||
| Q1 25 | 68.5% | 16.3% | ||
| Q4 24 | 63.1% | 21.9% | ||
| Q3 24 | 65.4% | 15.4% | ||
| Q2 24 | 66.6% | 18.0% | ||
| Q1 24 | 67.2% | 16.5% |
| Q4 25 | 9040.6% | 10.0% | ||
| Q3 25 | 49.7% | 9.0% | ||
| Q2 25 | 35.3% | 8.2% | ||
| Q1 25 | 31.7% | 16.8% | ||
| Q4 24 | 38.1% | 10.9% | ||
| Q3 24 | 50.7% | 6.9% | ||
| Q2 24 | 35.0% | 7.9% | ||
| Q1 24 | 24.3% | 10.0% |
| Q4 25 | $1.18 | — | ||
| Q3 25 | $2.68 | — | ||
| Q2 25 | $1.88 | — | ||
| Q1 25 | $1.66 | — | ||
| Q4 24 | $1.99 | — | ||
| Q3 24 | $2.61 | — | ||
| Q2 24 | $1.78 | — | ||
| Q1 24 | $1.22 | — |
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 | $538.9M |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $308.2M |
| Total Assets | $22.2B | $1.8B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $538.9M | ||
| Q3 25 | $123.3M | $400.5M | ||
| Q2 25 | $102.8M | $214.6M | ||
| Q1 25 | $53.3M | $194.3M | ||
| Q4 24 | $108.6M | $483.9M | ||
| Q3 24 | $552.4M | $148.8M | ||
| Q2 24 | $545.8M | $164.2M | ||
| Q1 24 | $287.9M | $215.5M |
| 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 24 | $8.0B | — |
| Q4 25 | $11.6B | $308.2M | ||
| Q3 25 | $11.9B | $228.6M | ||
| Q2 25 | $11.9B | $167.4M | ||
| Q1 25 | $11.9B | $148.8M | ||
| Q4 24 | $11.9B | $187.0M | ||
| Q3 24 | $11.9B | $159.1M | ||
| Q2 24 | $11.7B | $133.8M | ||
| Q1 24 | $11.7B | $174.6M |
| Q4 25 | $22.2B | $1.8B | ||
| Q3 25 | $21.9B | $1.7B | ||
| Q2 25 | $21.8B | $1.5B | ||
| Q1 25 | $21.2B | $1.4B | ||
| Q4 24 | $21.0B | $1.6B | ||
| Q3 24 | $21.3B | $1.6B | ||
| Q2 24 | $21.0B | $1.4B | ||
| Q1 24 | $20.6B | $1.3B |
| 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× | — | ||
| 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 | $155.7M |
| Free Cash FlowOCF − Capex | $1.4B | $138.6M |
| FCF MarginFCF / Revenue | 183.5% | 26.1% |
| Capex IntensityCapex / Revenue | 34.1% | 3.2% |
| Cash ConversionOCF / Net Profit | 10.07× | 2.92× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $480.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $155.7M | ||
| Q3 25 | $477.0M | $256.1M | ||
| Q2 25 | $377.8M | $190.4M | ||
| Q1 25 | $415.9M | $-75.9M | ||
| Q4 24 | $1.6B | $195.7M | ||
| Q3 24 | $486.2M | $180.5M | ||
| Q2 24 | $380.0M | $193.6M | ||
| Q1 24 | $412.9M | $-38.8M |
| Q4 25 | $1.4B | $138.6M | ||
| Q3 25 | $402.2M | $240.9M | ||
| Q2 25 | $317.1M | $178.9M | ||
| Q1 25 | $367.5M | $-77.9M | ||
| Q4 24 | $1.4B | $195.3M | ||
| Q3 24 | $434.2M | $178.5M | ||
| Q2 24 | $333.0M | $193.0M | ||
| Q1 24 | $375.4M | $-39.2M |
| Q4 25 | 183.5% | 26.1% | ||
| Q3 25 | 52.5% | 54.5% | ||
| Q2 25 | 41.7% | 44.6% | ||
| Q1 25 | 49.3% | -24.2% | ||
| Q4 24 | 191.0% | 41.5% | ||
| Q3 24 | 59.1% | 55.7% | ||
| Q2 24 | 45.9% | 53.9% | ||
| Q1 24 | 52.7% | -12.0% |
| Q4 25 | 34.1% | 3.2% | ||
| Q3 25 | 9.8% | 3.4% | ||
| Q2 25 | 8.0% | 2.9% | ||
| Q1 25 | 6.5% | 0.6% | ||
| Q4 24 | 26.1% | 0.1% | ||
| Q3 24 | 7.1% | 0.6% | ||
| Q2 24 | 6.5% | 0.1% | ||
| Q1 24 | 5.3% | 0.1% |
| Q4 25 | 10.07× | 2.92× | ||
| Q3 25 | 1.25× | 6.43× | ||
| Q2 25 | 1.41× | 5.79× | ||
| Q1 25 | 1.76× | -1.41× | ||
| Q4 24 | 5.70× | 3.81× | ||
| Q3 24 | 1.31× | 8.15× | ||
| Q2 24 | 1.50× | 6.84× | ||
| Q1 24 | 2.38× | -1.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
