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Side-by-side financial comparison of AvalonBay Communities (AVB) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $385.6M, roughly 2.0× Skyward Specialty Insurance Group, Inc.). AvalonBay Communities runs the higher net margin — 9040.6% vs 11.2%, a 9029.4% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $402.6M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
AVB vs SKWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $385.6M |
| Net Profit | $166.0M | $43.2M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | 14.2% |
| Net Margin | 9040.6% | 11.2% |
| Revenue YoY | 3.7% | 26.7% |
| Net Profit YoY | -41.2% | 200.1% |
| EPS (diluted) | $1.18 | $1.03 |
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 | $385.6M | ||
| Q3 25 | $766.8M | $382.5M | ||
| Q2 25 | $760.2M | $319.9M | ||
| Q1 25 | $745.9M | $328.5M | ||
| Q4 24 | $740.5M | $304.4M | ||
| Q3 24 | $734.3M | $300.9M | ||
| Q2 24 | $726.0M | $279.9M | ||
| Q1 24 | $712.9M | $265.0M |
| Q4 25 | $166.0M | $43.2M | ||
| Q3 25 | $381.3M | $45.9M | ||
| Q2 25 | $268.7M | $38.8M | ||
| Q1 25 | $236.6M | $42.1M | ||
| Q4 24 | $282.1M | $14.4M | ||
| Q3 24 | $372.5M | $36.7M | ||
| Q2 24 | $253.9M | $31.0M | ||
| Q1 24 | $173.4M | $36.8M |
| Q4 25 | 64.2% | 14.2% | ||
| Q3 25 | 65.7% | 15.8% | ||
| Q2 25 | 67.6% | 15.6% | ||
| Q1 25 | 68.5% | 15.7% | ||
| Q4 24 | 63.1% | 6.1% | ||
| Q3 24 | 65.4% | 15.6% | ||
| Q2 24 | 66.6% | 14.4% | ||
| Q1 24 | 67.2% | 17.7% |
| Q4 25 | 9040.6% | 11.2% | ||
| Q3 25 | 49.7% | 12.0% | ||
| Q2 25 | 35.3% | 12.1% | ||
| Q1 25 | 31.7% | 12.8% | ||
| Q4 24 | 38.1% | 4.7% | ||
| Q3 24 | 50.7% | 12.2% | ||
| Q2 24 | 35.0% | 11.1% | ||
| Q1 24 | 24.3% | 13.9% |
| Q4 25 | $1.18 | $1.03 | ||
| Q3 25 | $2.68 | $1.10 | ||
| Q2 25 | $1.88 | $0.93 | ||
| Q1 25 | $1.66 | $1.01 | ||
| Q4 24 | $1.99 | $0.33 | ||
| Q3 24 | $2.61 | $0.89 | ||
| Q2 24 | $1.78 | $0.75 | ||
| Q1 24 | $1.22 | $0.90 |
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 | $168.5M |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $1.0B |
| Total Assets | $22.2B | $4.8B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $168.5M | ||
| Q3 25 | $123.3M | $160.1M | ||
| Q2 25 | $102.8M | $136.6M | ||
| Q1 25 | $53.3M | $112.9M | ||
| Q4 24 | $108.6M | $121.6M | ||
| Q3 24 | $552.4M | $105.6M | ||
| Q2 24 | $545.8M | $73.0M | ||
| Q1 24 | $287.9M | $85.1M |
| 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 | $1.0B | ||
| Q3 25 | $11.9B | $961.4M | ||
| Q2 25 | $11.9B | $899.9M | ||
| Q1 25 | $11.9B | $850.7M | ||
| Q4 24 | $11.9B | $794.0M | ||
| Q3 24 | $11.9B | $797.5M | ||
| Q2 24 | $11.7B | $723.6M | ||
| Q1 24 | $11.7B | $692.3M |
| Q4 25 | $22.2B | $4.8B | ||
| Q3 25 | $21.9B | $4.6B | ||
| Q2 25 | $21.8B | $4.3B | ||
| Q1 25 | $21.2B | $4.0B | ||
| Q4 24 | $21.0B | $3.7B | ||
| Q3 24 | $21.3B | $3.6B | ||
| Q2 24 | $21.0B | $3.4B | ||
| Q1 24 | $20.6B | $3.2B |
| 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 | $408.1M |
| Free Cash FlowOCF − Capex | $1.4B | $402.6M |
| FCF MarginFCF / Revenue | 183.5% | 104.4% |
| Capex IntensityCapex / Revenue | 34.1% | 1.4% |
| Cash ConversionOCF / Net Profit | 10.07× | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $408.1M | ||
| Q3 25 | $477.0M | $171.4M | ||
| Q2 25 | $377.8M | $88.2M | ||
| Q1 25 | $415.9M | $96.8M | ||
| Q4 24 | $1.6B | $305.1M | ||
| Q3 24 | $486.2M | $168.0M | ||
| Q2 24 | $380.0M | $21.0M | ||
| Q1 24 | $412.9M | $94.3M |
| Q4 25 | $1.4B | $402.6M | ||
| Q3 25 | $402.2M | $168.9M | ||
| Q2 25 | $317.1M | $87.1M | ||
| Q1 25 | $367.5M | $96.6M | ||
| Q4 24 | $1.4B | $300.9M | ||
| Q3 24 | $434.2M | $167.6M | ||
| Q2 24 | $333.0M | $18.4M | ||
| Q1 24 | $375.4M | $94.0M |
| Q4 25 | 183.5% | 104.4% | ||
| Q3 25 | 52.5% | 44.2% | ||
| Q2 25 | 41.7% | 27.2% | ||
| Q1 25 | 49.3% | 29.4% | ||
| Q4 24 | 191.0% | 98.8% | ||
| Q3 24 | 59.1% | 55.7% | ||
| Q2 24 | 45.9% | 6.6% | ||
| Q1 24 | 52.7% | 35.5% |
| Q4 25 | 34.1% | 1.4% | ||
| Q3 25 | 9.8% | 0.6% | ||
| Q2 25 | 8.0% | 0.3% | ||
| Q1 25 | 6.5% | 0.1% | ||
| Q4 24 | 26.1% | 1.4% | ||
| Q3 24 | 7.1% | 0.1% | ||
| Q2 24 | 6.5% | 0.9% | ||
| Q1 24 | 5.3% | 0.1% |
| Q4 25 | 10.07× | 9.44× | ||
| Q3 25 | 1.25× | 3.73× | ||
| Q2 25 | 1.41× | 2.27× | ||
| Q1 25 | 1.76× | 2.30× | ||
| Q4 24 | 5.70× | 21.18× | ||
| Q3 24 | 1.31× | 4.58× | ||
| Q2 24 | 1.50× | 0.68× | ||
| Q1 24 | 2.38× | 2.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
