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

AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $614.8M, roughly 1.2× EPLUS INC). AvalonBay Communities runs the higher net margin — 9040.6% vs 5.7%, a 9034.9% gap on every dollar of revenue. On growth, EPLUS INC posted the faster year-over-year revenue change (20.3% vs 3.7%). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (3.8% CAGR vs 2.3%).

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

ePlus Inc.(Nasdaq: PLUS) is an American consultative technology solutions provider that provides solutions and advisory and managed services across the technology spectrum, including security, cloud, networking, collaboration, artificial intelligence, and emerging solutions to more than 5,000 customers.

AVB vs PLUS — Head-to-Head

Bigger by revenue
AVB
AVB
1.2× larger
AVB
$767.9M
$614.8M
PLUS
Growing faster (revenue YoY)
PLUS
PLUS
+16.6% gap
PLUS
20.3%
3.7%
AVB
Higher net margin
AVB
AVB
9034.9% more per $
AVB
9040.6%
5.7%
PLUS
Faster 2-yr revenue CAGR
AVB
AVB
Annualised
AVB
3.8%
2.3%
PLUS

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
AVB
AVB
PLUS
PLUS
Revenue
$767.9M
$614.8M
Net Profit
$166.0M
$35.1M
Gross Margin
25.8%
Operating Margin
64.2%
7.1%
Net Margin
9040.6%
5.7%
Revenue YoY
3.7%
20.3%
Net Profit YoY
-41.2%
45.2%
EPS (diluted)
$1.18
$1.33

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
PLUS
PLUS
Q4 25
$767.9M
$614.8M
Q3 25
$766.8M
$608.8M
Q2 25
$760.2M
$637.3M
Q1 25
$745.9M
Q4 24
$740.5M
$493.2M
Q3 24
$734.3M
$493.4M
Q2 24
$726.0M
$535.7M
Q1 24
$712.9M
Net Profit
AVB
AVB
PLUS
PLUS
Q4 25
$166.0M
$35.1M
Q3 25
$381.3M
$34.9M
Q2 25
$268.7M
$37.7M
Q1 25
$236.6M
Q4 24
$282.1M
$24.1M
Q3 24
$372.5M
$31.3M
Q2 24
$253.9M
$27.3M
Q1 24
$173.4M
Gross Margin
AVB
AVB
PLUS
PLUS
Q4 25
25.8%
Q3 25
26.6%
Q2 25
23.3%
Q1 25
Q4 24
25.4%
Q3 24
25.8%
Q2 24
23.7%
Q1 24
Operating Margin
AVB
AVB
PLUS
PLUS
Q4 25
64.2%
7.1%
Q3 25
65.7%
8.0%
Q2 25
67.6%
5.7%
Q1 25
68.5%
Q4 24
63.1%
3.3%
Q3 24
65.4%
5.5%
Q2 24
66.6%
5.9%
Q1 24
67.2%
Net Margin
AVB
AVB
PLUS
PLUS
Q4 25
9040.6%
5.7%
Q3 25
49.7%
5.7%
Q2 25
35.3%
5.9%
Q1 25
31.7%
Q4 24
38.1%
4.9%
Q3 24
50.7%
6.3%
Q2 24
35.0%
5.1%
Q1 24
24.3%
EPS (diluted)
AVB
AVB
PLUS
PLUS
Q4 25
$1.18
$1.33
Q3 25
$2.68
$1.32
Q2 25
$1.88
$1.43
Q1 25
$1.66
Q4 24
$1.99
$0.91
Q3 24
$2.61
$1.17
Q2 24
$1.78
$1.02
Q1 24
$1.22

Balance Sheet & Financial Strength

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

Metric
AVB
AVB
PLUS
PLUS
Cash + ST InvestmentsLiquidity on hand
$187.2M
$326.3M
Total DebtLower is stronger
$9.3B
Stockholders' EquityBook value
$11.6B
$1.1B
Total Assets
$22.2B
$1.8B
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
PLUS
PLUS
Q4 25
$187.2M
$326.3M
Q3 25
$123.3M
$402.2M
Q2 25
$102.8M
$480.2M
Q1 25
$53.3M
Q4 24
$108.6M
$253.1M
Q3 24
$552.4M
$187.5M
Q2 24
$545.8M
$349.9M
Q1 24
$287.9M
Total Debt
AVB
AVB
PLUS
PLUS
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
Stockholders' Equity
AVB
AVB
PLUS
PLUS
Q4 25
$11.6B
$1.1B
Q3 25
$11.9B
$1.0B
Q2 25
$11.9B
$1.0B
Q1 25
$11.9B
Q4 24
$11.9B
$962.3M
Q3 24
$11.9B
$947.0M
Q2 24
$11.7B
$921.9M
Q1 24
$11.7B
Total Assets
AVB
AVB
PLUS
PLUS
Q4 25
$22.2B
$1.8B
Q3 25
$21.9B
$1.8B
Q2 25
$21.8B
$1.8B
Q1 25
$21.2B
Q4 24
$21.0B
$1.8B
Q3 24
$21.3B
$1.7B
Q2 24
$21.0B
$1.7B
Q1 24
$20.6B
Debt / Equity
AVB
AVB
PLUS
PLUS
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
AVB
AVB
PLUS
PLUS
Operating Cash FlowLast quarter
$1.7B
$-87.4M
Free Cash FlowOCF − Capex
$1.4B
FCF MarginFCF / Revenue
183.5%
Capex IntensityCapex / Revenue
34.1%
Cash ConversionOCF / Net Profit
10.07×
-2.49×
TTM Free Cash FlowTrailing 4 quarters
$2.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
PLUS
PLUS
Q4 25
$1.7B
$-87.4M
Q3 25
$477.0M
$-34.8M
Q2 25
$377.8M
$-99.0M
Q1 25
$415.9M
Q4 24
$1.6B
$65.7M
Q3 24
$486.2M
$-21.6M
Q2 24
$380.0M
$97.1M
Q1 24
$412.9M
Free Cash Flow
AVB
AVB
PLUS
PLUS
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 24
$375.4M
FCF Margin
AVB
AVB
PLUS
PLUS
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 24
52.7%
Capex Intensity
AVB
AVB
PLUS
PLUS
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 24
5.3%
Cash Conversion
AVB
AVB
PLUS
PLUS
Q4 25
10.07×
-2.49×
Q3 25
1.25×
-1.00×
Q2 25
1.41×
-2.63×
Q1 25
1.76×
Q4 24
5.70×
2.72×
Q3 24
1.31×
-0.69×
Q2 24
1.50×
3.55×
Q1 24
2.38×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVB
AVB

Segment breakdown not available.

PLUS
PLUS

All Others Customer End Market$107.0M17%
Technology Customer End Market$89.4M15%
Health Care Customer End Market$81.5M13%
Financial Services Customer End Market$66.1M11%
Professional Services Reporting Unit$64.1M10%
Security$61.1M10%
State And Local Government And Educational Institutions$59.9M10%
Managed Services Reporting Unit$48.8M8%
Other Product$21.1M3%
Collaboration$13.4M2%

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