vs
Side-by-side financial comparison of AvalonBay Communities (AVB) and SELECT MEDICAL HOLDINGS CORP (SEM). Click either name above to swap in a different company.
SELECT MEDICAL HOLDINGS CORP is the larger business by last-quarter revenue ($1.4B vs $767.9M, roughly 1.9× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 4.5%, a 9036.1% gap on every dollar of revenue. On growth, SELECT MEDICAL HOLDINGS CORP posted the faster year-over-year revenue change (5.0% vs 3.7%). Over the past eight quarters, SELECT MEDICAL HOLDINGS CORP's revenue compounded faster (5.3% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
AVB vs SEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $1.4B |
| Net Profit | $166.0M | $63.8M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | 6.9% |
| Net Margin | 9040.6% | 4.5% |
| Revenue YoY | 3.7% | 5.0% |
| Net Profit YoY | -41.2% | -14.7% |
| EPS (diluted) | $1.18 | $0.35 |
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.
| Q1 26 | — | $1.4B | ||
| Q4 25 | $767.9M | $1.4B | ||
| Q3 25 | $766.8M | $1.4B | ||
| Q2 25 | $760.2M | $1.3B | ||
| Q1 25 | $745.9M | $1.4B | ||
| Q4 24 | $740.5M | $1.3B | ||
| Q3 24 | $734.3M | $1.3B | ||
| Q2 24 | $726.0M | $1.3B |
| Q1 26 | — | $63.8M | ||
| Q4 25 | $166.0M | $20.2M | ||
| Q3 25 | $381.3M | $28.8M | ||
| Q2 25 | $268.7M | $40.6M | ||
| Q1 25 | $236.6M | $56.7M | ||
| Q4 24 | $282.1M | $-16.1M | ||
| Q3 24 | $372.5M | $55.6M | ||
| Q2 24 | $253.9M | $77.6M |
| Q1 26 | — | 6.9% | ||
| Q4 25 | 64.2% | 4.6% | ||
| Q3 25 | 65.7% | 5.4% | ||
| Q2 25 | 67.6% | 6.5% | ||
| Q1 25 | 68.5% | 8.3% | ||
| Q4 24 | 63.1% | 1.6% | ||
| Q3 24 | 65.4% | 4.3% | ||
| Q2 24 | 66.6% | 5.8% |
| Q1 26 | — | 4.5% | ||
| Q4 25 | 9040.6% | 1.4% | ||
| Q3 25 | 49.7% | 2.1% | ||
| Q2 25 | 35.3% | 3.0% | ||
| Q1 25 | 31.7% | 4.2% | ||
| Q4 24 | 38.1% | -1.2% | ||
| Q3 24 | 50.7% | 4.4% | ||
| Q2 24 | 35.0% | 6.1% |
| Q1 26 | — | $0.35 | ||
| Q4 25 | $1.18 | $0.17 | ||
| Q3 25 | $2.68 | $0.23 | ||
| Q2 25 | $1.88 | $0.32 | ||
| Q1 25 | $1.66 | $0.44 | ||
| Q4 24 | $1.99 | $-0.12 | ||
| Q3 24 | $2.61 | $0.43 | ||
| Q2 24 | $1.78 | $0.60 |
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 | $25.7M |
| Total DebtLower is stronger | $9.3B | $1.8B |
| Stockholders' EquityBook value | $11.6B | $2.1B |
| Total Assets | $22.2B | $6.0B |
| Debt / EquityLower = less leverage | 0.80× | 0.88× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $25.7M | ||
| Q4 25 | $187.2M | $26.5M | ||
| Q3 25 | $123.3M | $60.1M | ||
| Q2 25 | $102.8M | $52.3M | ||
| Q1 25 | $53.3M | $53.2M | ||
| Q4 24 | $108.6M | $59.7M | ||
| Q3 24 | $552.4M | $191.5M | ||
| Q2 24 | $545.8M | $111.2M |
| Q1 26 | — | $1.8B | ||
| Q4 25 | $9.3B | $1.8B | ||
| Q3 25 | $8.7B | $1.7B | ||
| Q2 25 | $8.7B | $1.8B | ||
| Q1 25 | $8.3B | $1.8B | ||
| Q4 24 | $8.1B | $1.7B | ||
| Q3 24 | $8.4B | $3.1B | ||
| Q2 24 | $8.4B | $3.6B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $11.6B | $1.7B | ||
| Q3 25 | $11.9B | $1.7B | ||
| Q2 25 | $11.9B | $1.7B | ||
| Q1 25 | $11.9B | $1.7B | ||
| Q4 24 | $11.9B | $1.7B | ||
| Q3 24 | $11.9B | $1.9B | ||
| Q2 24 | $11.7B | $1.4B |
| Q1 26 | — | $6.0B | ||
| Q4 25 | $22.2B | $5.9B | ||
| Q3 25 | $21.9B | $5.7B | ||
| Q2 25 | $21.8B | $5.7B | ||
| Q1 25 | $21.2B | $5.7B | ||
| Q4 24 | $21.0B | $5.6B | ||
| Q3 24 | $21.3B | $8.0B | ||
| Q2 24 | $21.0B | $7.9B |
| Q1 26 | — | 0.88× | ||
| Q4 25 | 0.80× | 1.06× | ||
| Q3 25 | 0.73× | 1.03× | ||
| Q2 25 | 0.72× | 1.10× | ||
| Q1 25 | 0.70× | 1.03× | ||
| Q4 24 | 0.68× | 1.01× | ||
| Q3 24 | 0.70× | 1.62× | ||
| Q2 24 | 0.71× | 2.54× |
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 | — |
| Free Cash FlowOCF − Capex | $1.4B | — |
| FCF MarginFCF / Revenue | 183.5% | — |
| Capex IntensityCapex / Revenue | 34.1% | — |
| Cash ConversionOCF / Net Profit | 10.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $64.3M | ||
| Q3 25 | $477.0M | $175.3M | ||
| Q2 25 | $377.8M | $110.3M | ||
| Q1 25 | $415.9M | $-3.5M | ||
| Q4 24 | $1.6B | $125.4M | ||
| Q3 24 | $486.2M | $181.0M | ||
| Q2 24 | $380.0M | $278.2M |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $5.2M | ||
| Q3 25 | $402.2M | $122.2M | ||
| Q2 25 | $317.1M | $45.6M | ||
| Q1 25 | $367.5M | $-55.8M | ||
| Q4 24 | $1.4B | $62.0M | ||
| Q3 24 | $434.2M | $130.3M | ||
| Q2 24 | $333.0M | $222.6M |
| Q1 26 | — | — | ||
| Q4 25 | 183.5% | 0.4% | ||
| Q3 25 | 52.5% | 9.0% | ||
| Q2 25 | 41.7% | 3.4% | ||
| Q1 25 | 49.3% | -4.1% | ||
| Q4 24 | 191.0% | 4.7% | ||
| Q3 24 | 59.1% | 10.2% | ||
| Q2 24 | 45.9% | 17.4% |
| Q1 26 | — | — | ||
| Q4 25 | 34.1% | 4.2% | ||
| Q3 25 | 9.8% | 3.9% | ||
| Q2 25 | 8.0% | 4.8% | ||
| Q1 25 | 6.5% | 3.9% | ||
| Q4 24 | 26.1% | 4.8% | ||
| Q3 24 | 7.1% | 4.0% | ||
| Q2 24 | 6.5% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 10.07× | 3.19× | ||
| Q3 25 | 1.25× | 6.09× | ||
| Q2 25 | 1.41× | 2.72× | ||
| Q1 25 | 1.76× | -0.06× | ||
| Q4 24 | 5.70× | — | ||
| Q3 24 | 1.31× | 3.25× | ||
| Q2 24 | 1.50× | 3.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
