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Side-by-side financial comparison of AvalonBay Communities (AVB) and Park Hotels & Resorts Inc. (PK). Click either name above to swap in a different company.
AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $630.0M, roughly 1.2× Park Hotels & Resorts Inc.). AvalonBay Communities runs the higher net margin — 9040.6% vs 1.9%, a 9038.7% gap on every dollar of revenue. On growth, AvalonBay Communities posted the faster year-over-year revenue change (3.7% vs -1.3%). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (3.8% CAGR vs -4.2%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
AVB vs PK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $630.0M |
| Net Profit | $166.0M | $12.0M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | 9.8% |
| Net Margin | 9040.6% | 1.9% |
| Revenue YoY | 3.7% | -1.3% |
| Net Profit YoY | -41.2% | 121.1% |
| EPS (diluted) | $1.18 | $0.05 |
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 | — | $630.0M | ||
| Q4 25 | $767.9M | $629.0M | ||
| Q3 25 | $766.8M | $610.0M | ||
| Q2 25 | $760.2M | $672.0M | ||
| Q1 25 | $745.9M | $630.0M | ||
| Q4 24 | $740.5M | $625.0M | ||
| Q3 24 | $734.3M | $649.0M | ||
| Q2 24 | $726.0M | $686.0M |
| Q1 26 | — | $12.0M | ||
| Q4 25 | $166.0M | $-205.0M | ||
| Q3 25 | $381.3M | $-16.0M | ||
| Q2 25 | $268.7M | $-5.0M | ||
| Q1 25 | $236.6M | $-57.0M | ||
| Q4 24 | $282.1M | $66.0M | ||
| Q3 24 | $372.5M | $54.0M | ||
| Q2 24 | $253.9M | $64.0M |
| Q1 26 | — | 9.8% | ||
| Q4 25 | 64.2% | -26.1% | ||
| Q3 25 | 65.7% | 9.7% | ||
| Q2 25 | 67.6% | 9.7% | ||
| Q1 25 | 68.5% | 1.1% | ||
| Q4 24 | 63.1% | 13.3% | ||
| Q3 24 | 65.4% | 14.6% | ||
| Q2 24 | 66.6% | 17.6% |
| Q1 26 | — | 1.9% | ||
| Q4 25 | 9040.6% | -32.6% | ||
| Q3 25 | 49.7% | -2.6% | ||
| Q2 25 | 35.3% | -0.7% | ||
| Q1 25 | 31.7% | -9.0% | ||
| Q4 24 | 38.1% | 10.6% | ||
| Q3 24 | 50.7% | 8.3% | ||
| Q2 24 | 35.0% | 9.3% |
| Q1 26 | — | $0.05 | ||
| Q4 25 | $1.18 | $-1.04 | ||
| Q3 25 | $2.68 | $-0.08 | ||
| Q2 25 | $1.88 | $-0.02 | ||
| Q1 25 | $1.66 | $-0.29 | ||
| Q4 24 | $1.99 | $0.32 | ||
| Q3 24 | $2.61 | $0.26 | ||
| Q2 24 | $1.78 | $0.30 |
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 | $156.0M |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $3.1B |
| Total Assets | $22.2B | — |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $156.0M | ||
| Q4 25 | $187.2M | $232.0M | ||
| Q3 25 | $123.3M | $278.0M | ||
| Q2 25 | $102.8M | $319.0M | ||
| Q1 25 | $53.3M | $233.0M | ||
| Q4 24 | $108.6M | $402.0M | ||
| Q3 24 | $552.4M | $480.0M | ||
| Q2 24 | $545.8M | $449.0M |
| Q1 26 | — | — | ||
| Q4 25 | $9.3B | $3.9B | ||
| Q3 25 | $8.7B | $3.9B | ||
| Q2 25 | $8.7B | $3.9B | ||
| Q1 25 | $8.3B | $3.9B | ||
| Q4 24 | $8.1B | $3.9B | ||
| Q3 24 | $8.4B | $3.9B | ||
| Q2 24 | $8.4B | $3.9B |
| Q1 26 | — | $3.1B | ||
| Q4 25 | $11.6B | $3.1B | ||
| Q3 25 | $11.9B | $3.4B | ||
| Q2 25 | $11.9B | $3.4B | ||
| Q1 25 | $11.9B | $3.5B | ||
| Q4 24 | $11.9B | $3.6B | ||
| Q3 24 | $11.9B | $3.8B | ||
| Q2 24 | $11.7B | $3.8B |
| Q1 26 | — | — | ||
| Q4 25 | $22.2B | $7.7B | ||
| Q3 25 | $21.9B | $8.8B | ||
| Q2 25 | $21.8B | $8.9B | ||
| Q1 25 | $21.2B | $8.9B | ||
| Q4 24 | $21.0B | $9.2B | ||
| Q3 24 | $21.3B | $9.2B | ||
| Q2 24 | $21.0B | $9.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 1.23× | ||
| Q3 25 | 0.73× | 1.14× | ||
| Q2 25 | 0.72× | 1.12× | ||
| Q1 25 | 0.70× | 1.11× | ||
| Q4 24 | 0.68× | 1.06× | ||
| Q3 24 | 0.70× | 1.03× | ||
| Q2 24 | 0.71× | 1.03× |
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 | $105.0M | ||
| Q3 25 | $477.0M | $99.0M | ||
| Q2 25 | $377.8M | $108.0M | ||
| Q1 25 | $415.9M | $86.0M | ||
| Q4 24 | $1.6B | $80.0M | ||
| Q3 24 | $486.2M | $140.0M | ||
| Q2 24 | $380.0M | $117.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $-3.0M | ||
| Q3 25 | $402.2M | $31.0M | ||
| Q2 25 | $317.1M | $65.0M | ||
| Q1 25 | $367.5M | $9.0M | ||
| Q4 24 | $1.4B | $17.0M | ||
| Q3 24 | $434.2M | $97.0M | ||
| Q2 24 | $333.0M | $66.0M |
| Q1 26 | — | — | ||
| Q4 25 | 183.5% | -0.5% | ||
| Q3 25 | 52.5% | 5.1% | ||
| Q2 25 | 41.7% | 9.7% | ||
| Q1 25 | 49.3% | 1.4% | ||
| Q4 24 | 191.0% | 2.7% | ||
| Q3 24 | 59.1% | 14.9% | ||
| Q2 24 | 45.9% | 9.6% |
| Q1 26 | — | — | ||
| Q4 25 | 34.1% | 17.2% | ||
| Q3 25 | 9.8% | 11.1% | ||
| Q2 25 | 8.0% | 6.4% | ||
| Q1 25 | 6.5% | 12.2% | ||
| Q4 24 | 26.1% | 10.1% | ||
| Q3 24 | 7.1% | 6.6% | ||
| Q2 24 | 6.5% | 7.4% |
| Q1 26 | — | — | ||
| Q4 25 | 10.07× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 5.70× | 1.21× | ||
| Q3 24 | 1.31× | 2.59× | ||
| Q2 24 | 1.50× | 1.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
PK
| Comparable Hotel Revenues | $617.0M | 98% |
| Other | $13.0M | 2% |
