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

RB GLOBAL INC. is the larger business by last-quarter revenue ($1.2B vs $767.9M, roughly 1.6× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 9.1%, a 9031.5% gap on every dollar of revenue. On growth, RB GLOBAL INC. posted the faster year-over-year revenue change (5.4% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $186.5M). Over the past eight quarters, RB GLOBAL INC.'s revenue compounded faster (6.3% CAGR vs 3.8%).

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

Ritchie Bros. Auctioneers (RBA), or simply Ritchie Bros., is a publicly traded company legally domiciled in Canada with headquarters in Westchester, Illinois. Its common shares are traded on the Toronto Stock Exchange and the New York Stock Exchange.

AVB vs RBA — Head-to-Head

Bigger by revenue
RBA
RBA
1.6× larger
RBA
$1.2B
$767.9M
AVB
Growing faster (revenue YoY)
RBA
RBA
+1.7% gap
RBA
5.4%
3.7%
AVB
Higher net margin
AVB
AVB
9031.5% more per $
AVB
9040.6%
9.1%
RBA
More free cash flow
AVB
AVB
$1.2B more FCF
AVB
$1.4B
$186.5M
RBA
Faster 2-yr revenue CAGR
RBA
RBA
Annualised
RBA
6.3%
3.8%
AVB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVB
AVB
RBA
RBA
Revenue
$767.9M
$1.2B
Net Profit
$166.0M
$109.7M
Gross Margin
Operating Margin
64.2%
14.7%
Net Margin
9040.6%
9.1%
Revenue YoY
3.7%
5.4%
Net Profit YoY
-41.2%
-7.4%
EPS (diluted)
$1.18
$0.53

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
RBA
RBA
Q4 25
$767.9M
$1.2B
Q3 25
$766.8M
$1.1B
Q2 25
$760.2M
$1.2B
Q1 25
$745.9M
$1.1B
Q4 24
$740.5M
$1.1B
Q3 24
$734.3M
$981.8M
Q2 24
$726.0M
$1.1B
Q1 24
$712.9M
$1.1B
Net Profit
AVB
AVB
RBA
RBA
Q4 25
$166.0M
$109.7M
Q3 25
$381.3M
$95.5M
Q2 25
$268.7M
$109.8M
Q1 25
$236.6M
$113.4M
Q4 24
$282.1M
$118.5M
Q3 24
$372.5M
$76.1M
Q2 24
$253.9M
$111.1M
Q1 24
$173.4M
$107.4M
Operating Margin
AVB
AVB
RBA
RBA
Q4 25
64.2%
14.7%
Q3 25
65.7%
14.5%
Q2 25
67.6%
15.9%
Q1 25
68.5%
17.1%
Q4 24
63.1%
18.1%
Q3 24
65.4%
15.6%
Q2 24
66.6%
18.4%
Q1 24
67.2%
18.7%
Net Margin
AVB
AVB
RBA
RBA
Q4 25
9040.6%
9.1%
Q3 25
49.7%
8.7%
Q2 25
35.3%
9.3%
Q1 25
31.7%
10.2%
Q4 24
38.1%
10.4%
Q3 24
50.7%
7.8%
Q2 24
35.0%
10.1%
Q1 24
24.3%
10.1%
EPS (diluted)
AVB
AVB
RBA
RBA
Q4 25
$1.18
$0.53
Q3 25
$2.68
$0.43
Q2 25
$1.88
$0.53
Q1 25
$1.66
$0.55
Q4 24
$1.99
$0.58
Q3 24
$2.61
$0.36
Q2 24
$1.78
$0.54
Q1 24
$1.22
$0.53

Balance Sheet & Financial Strength

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

Metric
AVB
AVB
RBA
RBA
Cash + ST InvestmentsLiquidity on hand
$187.2M
$531.5M
Total DebtLower is stronger
$9.3B
$2.3B
Stockholders' EquityBook value
$11.6B
$5.6B
Total Assets
$22.2B
$12.1B
Debt / EquityLower = less leverage
0.80×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
RBA
RBA
Q4 25
$187.2M
$531.5M
Q3 25
$123.3M
$674.7M
Q2 25
$102.8M
$710.2M
Q1 25
$53.3M
$578.1M
Q4 24
$108.6M
$533.9M
Q3 24
$552.4M
$650.7M
Q2 24
$545.8M
$599.5M
Q1 24
$287.9M
$462.8M
Total Debt
AVB
AVB
RBA
RBA
Q4 25
$9.3B
$2.3B
Q3 25
$8.7B
$2.6B
Q2 25
$8.7B
$2.6B
Q1 25
$8.3B
$2.6B
Q4 24
$8.1B
$2.6B
Q3 24
$8.4B
$2.7B
Q2 24
$8.4B
$2.8B
Q1 24
$8.0B
$2.9B
Stockholders' Equity
AVB
AVB
RBA
RBA
Q4 25
$11.6B
$5.6B
Q3 25
$11.9B
$5.5B
Q2 25
$11.9B
$5.5B
Q1 25
$11.9B
$5.3B
Q4 24
$11.9B
$5.2B
Q3 24
$11.9B
$5.2B
Q2 24
$11.7B
$5.2B
Q1 24
$11.7B
$5.1B
Total Assets
AVB
AVB
RBA
RBA
Q4 25
$22.2B
$12.1B
Q3 25
$21.9B
$12.2B
Q2 25
$21.8B
$12.2B
Q1 25
$21.2B
$11.9B
Q4 24
$21.0B
$11.8B
Q3 24
$21.3B
$11.9B
Q2 24
$21.0B
$12.1B
Q1 24
$20.6B
$12.0B
Debt / Equity
AVB
AVB
RBA
RBA
Q4 25
0.80×
0.42×
Q3 25
0.73×
0.47×
Q2 25
0.72×
0.47×
Q1 25
0.70×
0.50×
Q4 24
0.68×
0.50×
Q3 24
0.70×
0.52×
Q2 24
0.71×
0.55×
Q1 24
0.68×
0.58×

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
RBA
RBA
Operating Cash FlowLast quarter
$1.7B
$255.2M
Free Cash FlowOCF − Capex
$1.4B
$186.5M
FCF MarginFCF / Revenue
183.5%
15.5%
Capex IntensityCapex / Revenue
34.1%
5.7%
Cash ConversionOCF / Net Profit
10.07×
2.33×
TTM Free Cash FlowTrailing 4 quarters
$2.5B
$719.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
RBA
RBA
Q4 25
$1.7B
$255.2M
Q3 25
$477.0M
$239.7M
Q2 25
$377.8M
$326.5M
Q1 25
$415.9M
$156.8M
Q4 24
$1.6B
$184.5M
Q3 24
$486.2M
$285.4M
Q2 24
$380.0M
$337.3M
Q1 24
$412.9M
$124.8M
Free Cash Flow
AVB
AVB
RBA
RBA
Q4 25
$1.4B
$186.5M
Q3 25
$402.2M
$188.5M
Q2 25
$317.1M
$241.7M
Q1 25
$367.5M
$102.5M
Q4 24
$1.4B
$127.9M
Q3 24
$434.2M
$248.5M
Q2 24
$333.0M
$308.6M
Q1 24
$375.4M
$79.6M
FCF Margin
AVB
AVB
RBA
RBA
Q4 25
183.5%
15.5%
Q3 25
52.5%
17.3%
Q2 25
41.7%
20.4%
Q1 25
49.3%
9.2%
Q4 24
191.0%
11.2%
Q3 24
59.1%
25.3%
Q2 24
45.9%
28.2%
Q1 24
52.7%
7.5%
Capex Intensity
AVB
AVB
RBA
RBA
Q4 25
34.1%
5.7%
Q3 25
9.8%
4.7%
Q2 25
8.0%
7.2%
Q1 25
6.5%
4.9%
Q4 24
26.1%
5.0%
Q3 24
7.1%
3.8%
Q2 24
6.5%
2.6%
Q1 24
5.3%
4.2%
Cash Conversion
AVB
AVB
RBA
RBA
Q4 25
10.07×
2.33×
Q3 25
1.25×
2.51×
Q2 25
1.41×
2.97×
Q1 25
1.76×
1.38×
Q4 24
5.70×
1.56×
Q3 24
1.31×
3.75×
Q2 24
1.50×
3.04×
Q1 24
2.38×
1.16×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVB
AVB

Segment breakdown not available.

RBA
RBA

Buyer Revenue$577.2M48%
Seller Revenue$255.2M21%
CA$199.0M17%
Other$124.7M10%
AU$47.3M4%

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