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Side-by-side financial comparison of AvalonBay Communities (AVB) and Royalty Pharma plc (RPRX). Click either name above to swap in a different company.

AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $622.0M, roughly 1.2× Royalty Pharma plc). AvalonBay Communities runs the higher net margin — 9040.6% vs 34.4%, a 9006.1% gap on every dollar of revenue. On growth, Royalty Pharma plc posted the faster year-over-year revenue change (4.8% vs 3.7%). Over the past eight quarters, Royalty Pharma plc's revenue compounded faster (4.6% CAGR vs 3.8%).

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

Acceleron Pharma, Inc. is an American clinical stage biopharmaceutical company based in Cambridge, Massachusetts with a broad focus on developing medicines that regulate the transforming growth factor beta (TGF-β) superfamily of proteins, which play fundamental roles in the growth and repair of cells and tissues such as red blood cells, muscle, bone, and blood vessels.

AVB vs RPRX — Head-to-Head

Bigger by revenue
AVB
AVB
1.2× larger
AVB
$767.9M
$622.0M
RPRX
Growing faster (revenue YoY)
RPRX
RPRX
+1.1% gap
RPRX
4.8%
3.7%
AVB
Higher net margin
AVB
AVB
9006.1% more per $
AVB
9040.6%
34.4%
RPRX
Faster 2-yr revenue CAGR
RPRX
RPRX
Annualised
RPRX
4.6%
3.8%
AVB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVB
AVB
RPRX
RPRX
Revenue
$767.9M
$622.0M
Net Profit
$166.0M
$214.2M
Gross Margin
Operating Margin
64.2%
62.4%
Net Margin
9040.6%
34.4%
Revenue YoY
3.7%
4.8%
Net Profit YoY
-41.2%
2.9%
EPS (diluted)
$1.18
$0.49

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
RPRX
RPRX
Q4 25
$767.9M
$622.0M
Q3 25
$766.8M
$609.3M
Q2 25
$760.2M
$578.7M
Q1 25
$745.9M
$568.2M
Q4 24
$740.5M
$593.6M
Q3 24
$734.3M
$564.7M
Q2 24
$726.0M
$537.3M
Q1 24
$712.9M
$568.0M
Net Profit
AVB
AVB
RPRX
RPRX
Q4 25
$166.0M
$214.2M
Q3 25
$381.3M
$288.2M
Q2 25
$268.7M
$30.2M
Q1 25
$236.6M
$238.3M
Q4 24
$282.1M
$208.2M
Q3 24
$372.5M
$544.0M
Q2 24
$253.9M
$102.0M
Q1 24
$173.4M
$4.8M
Operating Margin
AVB
AVB
RPRX
RPRX
Q4 25
64.2%
62.4%
Q3 25
65.7%
70.1%
Q2 25
67.6%
36.3%
Q1 25
68.5%
94.0%
Q4 24
63.1%
60.9%
Q3 24
65.4%
Q2 24
66.6%
50.2%
Q1 24
67.2%
-13.0%
Net Margin
AVB
AVB
RPRX
RPRX
Q4 25
9040.6%
34.4%
Q3 25
49.7%
47.3%
Q2 25
35.3%
5.2%
Q1 25
31.7%
41.9%
Q4 24
38.1%
35.1%
Q3 24
50.7%
96.3%
Q2 24
35.0%
19.0%
Q1 24
24.3%
0.8%
EPS (diluted)
AVB
AVB
RPRX
RPRX
Q4 25
$1.18
$0.49
Q3 25
$2.68
$0.67
Q2 25
$1.88
$0.07
Q1 25
$1.66
$0.55
Q4 24
$1.99
$0.46
Q3 24
$2.61
$1.21
Q2 24
$1.78
$0.23
Q1 24
$1.22
$0.01

Balance Sheet & Financial Strength

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

Metric
AVB
AVB
RPRX
RPRX
Cash + ST InvestmentsLiquidity on hand
$187.2M
$618.7M
Total DebtLower is stronger
$9.3B
$9.0B
Stockholders' EquityBook value
$11.6B
$9.7B
Total Assets
$22.2B
$19.6B
Debt / EquityLower = less leverage
0.80×
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
RPRX
RPRX
Q4 25
$187.2M
$618.7M
Q3 25
$123.3M
$938.9M
Q2 25
$102.8M
$631.9M
Q1 25
$53.3M
$1.1B
Q4 24
$108.6M
$929.0M
Q3 24
$552.4M
$950.1M
Q2 24
$545.8M
$1.8B
Q1 24
$287.9M
$843.0M
Total Debt
AVB
AVB
RPRX
RPRX
Q4 25
$9.3B
$9.0B
Q3 25
$8.7B
$8.9B
Q2 25
$8.7B
$8.0B
Q1 25
$8.3B
$7.6B
Q4 24
$8.1B
$7.6B
Q3 24
$8.4B
$7.6B
Q2 24
$8.4B
$7.6B
Q1 24
$8.0B
$6.1B
Stockholders' Equity
AVB
AVB
RPRX
RPRX
Q4 25
$11.6B
$9.7B
Q3 25
$11.9B
$9.6B
Q2 25
$11.9B
$9.5B
Q1 25
$11.9B
$9.8B
Q4 24
$11.9B
$10.3B
Q3 24
$11.9B
$10.3B
Q2 24
$11.7B
$9.8B
Q1 24
$11.7B
$9.9B
Total Assets
AVB
AVB
RPRX
RPRX
Q4 25
$22.2B
$19.6B
Q3 25
$21.9B
$19.3B
Q2 25
$21.8B
$18.3B
Q1 25
$21.2B
$17.6B
Q4 24
$21.0B
$18.2B
Q3 24
$21.3B
$18.0B
Q2 24
$21.0B
$17.7B
Q1 24
$20.6B
$16.1B
Debt / Equity
AVB
AVB
RPRX
RPRX
Q4 25
0.80×
0.92×
Q3 25
0.73×
0.93×
Q2 25
0.72×
0.84×
Q1 25
0.70×
0.78×
Q4 24
0.68×
0.74×
Q3 24
0.70×
0.74×
Q2 24
0.71×
0.78×
Q1 24
0.68×
0.62×

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
RPRX
RPRX
Operating Cash FlowLast quarter
$1.7B
$827.1M
Free Cash FlowOCF − Capex
$1.4B
FCF MarginFCF / Revenue
183.5%
Capex IntensityCapex / Revenue
34.1%
Cash ConversionOCF / Net Profit
10.07×
3.86×
TTM Free Cash FlowTrailing 4 quarters
$2.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
RPRX
RPRX
Q4 25
$1.7B
$827.1M
Q3 25
$477.0M
$702.6M
Q2 25
$377.8M
$364.0M
Q1 25
$415.9M
$596.1M
Q4 24
$1.6B
$742.5M
Q3 24
$486.2M
$703.6M
Q2 24
$380.0M
$658.2M
Q1 24
$412.9M
$664.6M
Free Cash Flow
AVB
AVB
RPRX
RPRX
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
RPRX
RPRX
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
RPRX
RPRX
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
RPRX
RPRX
Q4 25
10.07×
3.86×
Q3 25
1.25×
2.44×
Q2 25
1.41×
12.06×
Q1 25
1.76×
2.50×
Q4 24
5.70×
3.57×
Q3 24
1.31×
1.29×
Q2 24
1.50×
6.45×
Q1 24
2.38×
139.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVB
AVB

Segment breakdown not available.

RPRX
RPRX

Financial Royalty Assets$592.4M95%
Royalty Income Other$29.6M5%

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