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Side-by-side financial comparison of AvalonBay Communities (AVB) and SM Energy Co (SM). Click either name above to swap in a different company.
AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $704.9M, roughly 1.1× SM Energy Co). On growth, AvalonBay Communities posted the faster year-over-year revenue change (3.7% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
AVB vs SM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $704.9M |
| Net Profit | $166.0M | — |
| Gross Margin | — | — |
| Operating Margin | 64.2% | 25.9% |
| Net Margin | 9040.6% | — |
| Revenue YoY | 3.7% | -17.3% |
| Net Profit YoY | -41.2% | — |
| EPS (diluted) | $1.18 | $0.94 |
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 | $704.9M | ||
| Q3 25 | $766.8M | $811.6M | ||
| Q2 25 | $760.2M | $792.9M | ||
| Q1 25 | $745.9M | $844.5M | ||
| Q4 24 | $740.5M | $852.0M | ||
| Q3 24 | $734.3M | $643.6M | ||
| Q2 24 | $726.0M | $634.6M | ||
| Q1 24 | $712.9M | $559.9M |
| Q4 25 | $166.0M | — | ||
| Q3 25 | $381.3M | $155.1M | ||
| Q2 25 | $268.7M | $201.7M | ||
| Q1 25 | $236.6M | $182.3M | ||
| Q4 24 | $282.1M | — | ||
| Q3 24 | $372.5M | $240.5M | ||
| Q2 24 | $253.9M | $210.3M | ||
| Q1 24 | $173.4M | $131.2M |
| Q4 25 | 64.2% | 25.9% | ||
| Q3 25 | 65.7% | 30.4% | ||
| Q2 25 | 67.6% | 37.2% | ||
| Q1 25 | 68.5% | 32.7% | ||
| Q4 24 | 63.1% | 33.7% | ||
| Q3 24 | 65.4% | 51.4% | ||
| Q2 24 | 66.6% | 44.0% | ||
| Q1 24 | 67.2% | 31.9% |
| Q4 25 | 9040.6% | — | ||
| Q3 25 | 49.7% | 19.1% | ||
| Q2 25 | 35.3% | 25.4% | ||
| Q1 25 | 31.7% | 21.6% | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 50.7% | 37.4% | ||
| Q2 24 | 35.0% | 33.1% | ||
| Q1 24 | 24.3% | 23.4% |
| Q4 25 | $1.18 | $0.94 | ||
| Q3 25 | $2.68 | $1.35 | ||
| Q2 25 | $1.88 | $1.76 | ||
| Q1 25 | $1.66 | $1.59 | ||
| Q4 24 | $1.99 | $1.63 | ||
| Q3 24 | $2.61 | $2.09 | ||
| Q2 24 | $1.78 | $1.82 | ||
| Q1 24 | $1.22 | $1.13 |
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 | $368.0M |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $4.8B |
| Total Assets | $22.2B | $9.3B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $368.0M | ||
| Q3 25 | $123.3M | $162.3M | ||
| Q2 25 | $102.8M | $101.9M | ||
| Q1 25 | $53.3M | $54.0K | ||
| Q4 24 | $108.6M | — | ||
| Q3 24 | $552.4M | $1.7B | ||
| Q2 24 | $545.8M | $487.9M | ||
| Q1 24 | $287.9M | $506.3M |
| 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 | $4.8B | ||
| Q3 25 | $11.9B | $4.7B | ||
| Q2 25 | $11.9B | $4.6B | ||
| Q1 25 | $11.9B | $4.4B | ||
| Q4 24 | $11.9B | $4.2B | ||
| Q3 24 | $11.9B | $4.1B | ||
| Q2 24 | $11.7B | $3.8B | ||
| Q1 24 | $11.7B | $3.7B |
| Q4 25 | $22.2B | $9.3B | ||
| Q3 25 | $21.9B | $9.1B | ||
| Q2 25 | $21.8B | $9.0B | ||
| Q1 25 | $21.2B | $8.8B | ||
| Q4 24 | $21.0B | $8.6B | ||
| Q3 24 | $21.3B | $8.0B | ||
| Q2 24 | $21.0B | $6.7B | ||
| Q1 24 | $20.6B | $6.4B |
| 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 | $451.9M |
| 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.
| Q4 25 | $1.7B | $451.9M | ||
| Q3 25 | $477.0M | $505.0M | ||
| Q2 25 | $377.8M | $571.1M | ||
| Q1 25 | $415.9M | $483.0M | ||
| Q4 24 | $1.6B | $578.4M | ||
| Q3 24 | $486.2M | $452.3M | ||
| Q2 24 | $380.0M | $476.4M | ||
| Q1 24 | $412.9M | $276.0M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 10.07× | — | ||
| Q3 25 | 1.25× | 3.26× | ||
| Q2 25 | 1.41× | 2.83× | ||
| Q1 25 | 1.76× | 2.65× | ||
| Q4 24 | 5.70× | — | ||
| Q3 24 | 1.31× | 1.88× | ||
| Q2 24 | 1.50× | 2.27× | ||
| Q1 24 | 2.38× | 2.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
