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Side-by-side financial comparison of AvalonBay Communities (AVB) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
Construction Partners, Inc. is the larger business by last-quarter revenue ($809.5M vs $767.9M, roughly 1.1× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 2.1%, a 9038.5% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $47.1M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
AVB vs ROAD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $809.5M |
| Net Profit | $166.0M | $17.2M |
| Gross Margin | — | 15.0% |
| Operating Margin | 64.2% | 6.2% |
| Net Margin | 9040.6% | 2.1% |
| Revenue YoY | 3.7% | 44.1% |
| Net Profit YoY | -41.2% | 663.9% |
| EPS (diluted) | $1.18 | $0.31 |
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 | $809.5M | ||
| Q3 25 | $766.8M | $899.8M | ||
| Q2 25 | $760.2M | $779.3M | ||
| Q1 25 | $745.9M | $571.6M | ||
| Q4 24 | $740.5M | $561.6M | ||
| Q3 24 | $734.3M | $538.2M | ||
| Q2 24 | $726.0M | $517.8M | ||
| Q1 24 | $712.9M | $371.4M |
| Q4 25 | $166.0M | $17.2M | ||
| Q3 25 | $381.3M | $56.6M | ||
| Q2 25 | $268.7M | $44.0M | ||
| Q1 25 | $236.6M | $4.2M | ||
| Q4 24 | $282.1M | $-3.1M | ||
| Q3 24 | $372.5M | $29.3M | ||
| Q2 24 | $253.9M | $30.9M | ||
| Q1 24 | $173.4M | $-1.1M |
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 17.7% | ||
| Q2 25 | — | 16.9% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 16.1% | ||
| Q1 24 | — | 10.4% |
| Q4 25 | 64.2% | 6.2% | ||
| Q3 25 | 65.7% | 11.2% | ||
| Q2 25 | 67.6% | 10.6% | ||
| Q1 25 | 68.5% | 4.8% | ||
| Q4 24 | 63.1% | 2.5% | ||
| Q3 24 | 65.4% | 8.5% | ||
| Q2 24 | 66.6% | 8.8% | ||
| Q1 24 | 67.2% | 0.8% |
| Q4 25 | 9040.6% | 2.1% | ||
| Q3 25 | 49.7% | 6.3% | ||
| Q2 25 | 35.3% | 5.7% | ||
| Q1 25 | 31.7% | 0.7% | ||
| Q4 24 | 38.1% | -0.5% | ||
| Q3 24 | 50.7% | 5.4% | ||
| Q2 24 | 35.0% | 6.0% | ||
| Q1 24 | 24.3% | -0.3% |
| Q4 25 | $1.18 | $0.31 | ||
| Q3 25 | $2.68 | $1.03 | ||
| Q2 25 | $1.88 | $0.79 | ||
| Q1 25 | $1.66 | $0.08 | ||
| Q4 24 | $1.99 | $-0.06 | ||
| Q3 24 | $2.61 | $0.55 | ||
| Q2 24 | $1.78 | $0.59 | ||
| Q1 24 | $1.22 | $-0.02 |
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 | $104.1M |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $969.1M |
| Total Assets | $22.2B | $3.4B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $104.1M | ||
| Q3 25 | $123.3M | $156.1M | ||
| Q2 25 | $102.8M | $114.3M | ||
| Q1 25 | $53.3M | $101.9M | ||
| Q4 24 | $108.6M | $132.5M | ||
| Q3 24 | $552.4M | $74.7M | ||
| Q2 24 | $545.8M | $56.3M | ||
| Q1 24 | $287.9M | $48.0M |
| Q4 25 | $9.3B | — | ||
| Q3 25 | $8.7B | $1.6B | ||
| Q2 25 | $8.7B | — | ||
| Q1 25 | $8.3B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.4B | $515.0M | ||
| Q2 24 | $8.4B | — | ||
| Q1 24 | $8.0B | — |
| Q4 25 | $11.6B | $969.1M | ||
| Q3 25 | $11.9B | $912.0M | ||
| Q2 25 | $11.9B | $853.3M | ||
| Q1 25 | $11.9B | $807.9M | ||
| Q4 24 | $11.9B | $811.1M | ||
| Q3 24 | $11.9B | $573.7M | ||
| Q2 24 | $11.7B | $552.9M | ||
| Q1 24 | $11.7B | $525.0M |
| Q4 25 | $22.2B | $3.4B | ||
| Q3 25 | $21.9B | $3.2B | ||
| Q2 25 | $21.8B | $2.9B | ||
| Q1 25 | $21.2B | $2.8B | ||
| Q4 24 | $21.0B | $2.6B | ||
| Q3 24 | $21.3B | $1.5B | ||
| Q2 24 | $21.0B | $1.4B | ||
| Q1 24 | $20.6B | $1.3B |
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.73× | 1.78× | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | 0.90× | ||
| 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 | $82.6M |
| Free Cash FlowOCF − Capex | $1.4B | $47.1M |
| FCF MarginFCF / Revenue | 183.5% | 5.8% |
| Capex IntensityCapex / Revenue | 34.1% | 4.4% |
| Cash ConversionOCF / Net Profit | 10.07× | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $82.6M | ||
| Q3 25 | $477.0M | $112.0M | ||
| Q2 25 | $377.8M | $83.0M | ||
| Q1 25 | $415.9M | $55.6M | ||
| Q4 24 | $1.6B | $40.7M | ||
| Q3 24 | $486.2M | $95.9M | ||
| Q2 24 | $380.0M | $34.6M | ||
| Q1 24 | $412.9M | $18.2M |
| Q4 25 | $1.4B | $47.1M | ||
| Q3 25 | $402.2M | $78.9M | ||
| Q2 25 | $317.1M | $46.4M | ||
| Q1 25 | $367.5M | $14.2M | ||
| Q4 24 | $1.4B | $13.8M | ||
| Q3 24 | $434.2M | $78.4M | ||
| Q2 24 | $333.0M | $19.7M | ||
| Q1 24 | $375.4M | $-10.6M |
| Q4 25 | 183.5% | 5.8% | ||
| Q3 25 | 52.5% | 8.8% | ||
| Q2 25 | 41.7% | 5.9% | ||
| Q1 25 | 49.3% | 2.5% | ||
| Q4 24 | 191.0% | 2.5% | ||
| Q3 24 | 59.1% | 14.6% | ||
| Q2 24 | 45.9% | 3.8% | ||
| Q1 24 | 52.7% | -2.8% |
| Q4 25 | 34.1% | 4.4% | ||
| Q3 25 | 9.8% | 3.7% | ||
| Q2 25 | 8.0% | 4.7% | ||
| Q1 25 | 6.5% | 7.2% | ||
| Q4 24 | 26.1% | 4.8% | ||
| Q3 24 | 7.1% | 3.3% | ||
| Q2 24 | 6.5% | 2.9% | ||
| Q1 24 | 5.3% | 7.7% |
| Q4 25 | 10.07× | 4.80× | ||
| Q3 25 | 1.25× | 1.98× | ||
| Q2 25 | 1.41× | 1.88× | ||
| Q1 25 | 1.76× | 13.20× | ||
| Q4 24 | 5.70× | — | ||
| Q3 24 | 1.31× | 3.27× | ||
| Q2 24 | 1.50× | 1.12× | ||
| Q1 24 | 2.38× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
