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Side-by-side financial comparison of AvalonBay Communities (AVB) and RH (RH). Click either name above to swap in a different company.
RH is the larger business by last-quarter revenue ($883.8M vs $767.9M, roughly 1.2× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 4.1%, a 9036.5% gap on every dollar of revenue. On growth, RH posted the faster year-over-year revenue change (8.9% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $83.0M). Over the past eight quarters, RH's revenue compounded faster (9.4% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
AVB vs RH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $883.8M |
| Net Profit | $166.0M | $36.3M |
| Gross Margin | — | 44.1% |
| Operating Margin | 64.2% | 12.0% |
| Net Margin | 9040.6% | 4.1% |
| Revenue YoY | 3.7% | 8.9% |
| Net Profit YoY | -41.2% | 9.3% |
| EPS (diluted) | $1.18 | $1.83 |
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 | $883.8M | ||
| Q3 25 | $766.8M | $899.2M | ||
| Q2 25 | $760.2M | $814.0M | ||
| Q1 25 | $745.9M | $812.4M | ||
| Q4 24 | $740.5M | $811.7M | ||
| Q3 24 | $734.3M | $829.7M | ||
| Q2 24 | $726.0M | $727.0M | ||
| Q1 24 | $712.9M | $738.3M |
| Q4 25 | $166.0M | $36.3M | ||
| Q3 25 | $381.3M | $51.7M | ||
| Q2 25 | $268.7M | $8.0M | ||
| Q1 25 | $236.6M | $13.9M | ||
| Q4 24 | $282.1M | $33.2M | ||
| Q3 24 | $372.5M | $29.0M | ||
| Q2 24 | $253.9M | $-3.6M | ||
| Q1 24 | $173.4M | $11.4M |
| Q4 25 | — | 44.1% | ||
| Q3 25 | — | 45.5% | ||
| Q2 25 | — | 43.7% | ||
| Q1 25 | — | 44.7% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.5% | ||
| Q1 24 | — | 43.5% |
| Q4 25 | 64.2% | 12.0% | ||
| Q3 25 | 65.7% | 14.3% | ||
| Q2 25 | 67.6% | 6.9% | ||
| Q1 25 | 68.5% | 8.7% | ||
| Q4 24 | 63.1% | 12.5% | ||
| Q3 24 | 65.4% | 11.6% | ||
| Q2 24 | 66.6% | 7.5% | ||
| Q1 24 | 67.2% | 8.7% |
| Q4 25 | 9040.6% | 4.1% | ||
| Q3 25 | 49.7% | 5.8% | ||
| Q2 25 | 35.3% | 1.0% | ||
| Q1 25 | 31.7% | 1.7% | ||
| Q4 24 | 38.1% | 4.1% | ||
| Q3 24 | 50.7% | 3.5% | ||
| Q2 24 | 35.0% | -0.5% | ||
| Q1 24 | 24.3% | 1.5% |
| Q4 25 | $1.18 | $1.83 | ||
| Q3 25 | $2.68 | $2.62 | ||
| Q2 25 | $1.88 | $0.40 | ||
| Q1 25 | $1.66 | $0.71 | ||
| Q4 24 | $1.99 | $1.66 | ||
| Q3 24 | $2.61 | $1.45 | ||
| Q2 24 | $1.78 | $-0.20 | ||
| Q1 24 | $1.22 | $0.91 |
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 | $43.1M |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $3.3M |
| Total Assets | $22.2B | $4.8B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $43.1M | ||
| Q3 25 | $123.3M | $34.6M | ||
| Q2 25 | $102.8M | $46.1M | ||
| Q1 25 | $53.3M | $30.4M | ||
| Q4 24 | $108.6M | $87.0M | ||
| Q3 24 | $552.4M | $78.3M | ||
| Q2 24 | $545.8M | $101.8M | ||
| Q1 24 | $287.9M | $123.7M |
| 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 | $3.3M | ||
| Q3 25 | $11.9B | $-40.9M | ||
| Q2 25 | $11.9B | $-110.8M | ||
| Q1 25 | $11.9B | $-163.6M | ||
| Q4 24 | $11.9B | $-183.0M | ||
| Q3 24 | $11.9B | $-234.7M | ||
| Q2 24 | $11.7B | $-289.9M | ||
| Q1 24 | $11.7B | $-297.4M |
| Q4 25 | $22.2B | $4.8B | ||
| Q3 25 | $21.9B | $4.7B | ||
| Q2 25 | $21.8B | $4.7B | ||
| Q1 25 | $21.2B | $4.6B | ||
| Q4 24 | $21.0B | $4.5B | ||
| Q3 24 | $21.3B | $4.4B | ||
| Q2 24 | $21.0B | $4.2B | ||
| Q1 24 | $20.6B | $4.1B |
| 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 | $131.9M |
| Free Cash FlowOCF − Capex | $1.4B | $83.0M |
| FCF MarginFCF / Revenue | 183.5% | 9.4% |
| Capex IntensityCapex / Revenue | 34.1% | 5.5% |
| Cash ConversionOCF / Net Profit | 10.07× | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $131.9M | ||
| Q3 25 | $477.0M | $137.7M | ||
| Q2 25 | $377.8M | $86.6M | ||
| Q1 25 | $415.9M | $-18.8M | ||
| Q4 24 | $1.6B | $-31.4M | ||
| Q3 24 | $486.2M | $11.2M | ||
| Q2 24 | $380.0M | $56.1M | ||
| Q1 24 | $412.9M | $-114.0M |
| Q4 25 | $1.4B | $83.0M | ||
| Q3 25 | $402.2M | $80.7M | ||
| Q2 25 | $317.1M | $34.1M | ||
| Q1 25 | $367.5M | $-69.7M | ||
| Q4 24 | $1.4B | $-96.0M | ||
| Q3 24 | $434.2M | $-37.9M | ||
| Q2 24 | $333.0M | $-10.1M | ||
| Q1 24 | $375.4M | $-251.5M |
| Q4 25 | 183.5% | 9.4% | ||
| Q3 25 | 52.5% | 9.0% | ||
| Q2 25 | 41.7% | 4.2% | ||
| Q1 25 | 49.3% | -8.6% | ||
| Q4 24 | 191.0% | -11.8% | ||
| Q3 24 | 59.1% | -4.6% | ||
| Q2 24 | 45.9% | -1.4% | ||
| Q1 24 | 52.7% | -34.1% |
| Q4 25 | 34.1% | 5.5% | ||
| Q3 25 | 9.8% | 6.3% | ||
| Q2 25 | 8.0% | 6.5% | ||
| Q1 25 | 6.5% | 6.3% | ||
| Q4 24 | 26.1% | 8.0% | ||
| Q3 24 | 7.1% | 5.9% | ||
| Q2 24 | 6.5% | 9.1% | ||
| Q1 24 | 5.3% | 18.6% |
| Q4 25 | 10.07× | 3.64× | ||
| Q3 25 | 1.25× | 2.66× | ||
| Q2 25 | 1.41× | 10.78× | ||
| Q1 25 | 1.76× | -1.35× | ||
| Q4 24 | 5.70× | -0.95× | ||
| Q3 24 | 1.31× | 0.39× | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 2.38× | -10.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
