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Side-by-side financial comparison of AvalonBay Communities (AVB) and Teradyne (TER). Click either name above to swap in a different company.
Teradyne is the larger business by last-quarter revenue ($1.3B vs $767.9M, roughly 1.7× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 31.1%, a 9009.5% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (86.9% vs 3.7%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.
AVB vs TER — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $1.3B |
| Net Profit | $166.0M | $398.9M |
| Gross Margin | — | 60.9% |
| Operating Margin | 64.2% | 36.9% |
| Net Margin | 9040.6% | 31.1% |
| Revenue YoY | 3.7% | 86.9% |
| Net Profit YoY | -41.2% | 55.1% |
| EPS (diluted) | $1.18 | $2.53 |
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 | — | $1.3B | ||
| Q4 25 | $767.9M | $1.1B | ||
| Q3 25 | $766.8M | $769.2M | ||
| Q2 25 | $760.2M | $651.8M | ||
| Q1 25 | $745.9M | $685.7M | ||
| Q4 24 | $740.5M | $752.9M | ||
| Q3 24 | $734.3M | $737.3M | ||
| Q2 24 | $726.0M | $729.9M |
| Q1 26 | — | $398.9M | ||
| Q4 25 | $166.0M | $257.2M | ||
| Q3 25 | $381.3M | $119.6M | ||
| Q2 25 | $268.7M | $78.4M | ||
| Q1 25 | $236.6M | $98.9M | ||
| Q4 24 | $282.1M | $146.3M | ||
| Q3 24 | $372.5M | $145.6M | ||
| Q2 24 | $253.9M | $186.3M |
| Q1 26 | — | 60.9% | ||
| Q4 25 | — | 57.2% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 57.2% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 59.4% | ||
| Q3 24 | — | 59.2% | ||
| Q2 24 | — | 58.3% |
| Q1 26 | — | 36.9% | ||
| Q4 25 | 64.2% | 27.1% | ||
| Q3 25 | 65.7% | 18.9% | ||
| Q2 25 | 67.6% | 13.9% | ||
| Q1 25 | 68.5% | 17.6% | ||
| Q4 24 | 63.1% | 20.4% | ||
| Q3 24 | 65.4% | 20.6% | ||
| Q2 24 | 66.6% | 28.8% |
| Q1 26 | — | 31.1% | ||
| Q4 25 | 9040.6% | 23.7% | ||
| Q3 25 | 49.7% | 15.5% | ||
| Q2 25 | 35.3% | 12.0% | ||
| Q1 25 | 31.7% | 14.4% | ||
| Q4 24 | 38.1% | 19.4% | ||
| Q3 24 | 50.7% | 19.8% | ||
| Q2 24 | 35.0% | 25.5% |
| Q1 26 | — | $2.53 | ||
| Q4 25 | $1.18 | $1.62 | ||
| Q3 25 | $2.68 | $0.75 | ||
| Q2 25 | $1.88 | $0.49 | ||
| Q1 25 | $1.66 | $0.61 | ||
| Q4 24 | $1.99 | $0.89 | ||
| Q3 24 | $2.61 | $0.89 | ||
| Q2 24 | $1.78 | $1.14 |
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 | $241.9M |
| Total DebtLower is stronger | $9.3B | $0 |
| Stockholders' EquityBook value | $11.6B | — |
| Total Assets | $22.2B | $4.4B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $241.9M | ||
| Q4 25 | $187.2M | $293.8M | ||
| Q3 25 | $123.3M | $272.7M | ||
| Q2 25 | $102.8M | $339.3M | ||
| Q1 25 | $53.3M | $475.6M | ||
| Q4 24 | $108.6M | $553.4M | ||
| Q3 24 | $552.4M | $510.0M | ||
| Q2 24 | $545.8M | $421.9M |
| Q1 26 | — | $0 | ||
| 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 26 | — | — | ||
| Q4 25 | $11.6B | $2.8B | ||
| Q3 25 | $11.9B | $2.7B | ||
| Q2 25 | $11.9B | $2.8B | ||
| Q1 25 | $11.9B | $2.8B | ||
| Q4 24 | $11.9B | $2.8B | ||
| Q3 24 | $11.9B | $2.9B | ||
| Q2 24 | $11.7B | $2.7B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $22.2B | $4.2B | ||
| Q3 25 | $21.9B | $4.0B | ||
| Q2 25 | $21.8B | $3.8B | ||
| Q1 25 | $21.2B | $3.7B | ||
| Q4 24 | $21.0B | $3.7B | ||
| Q3 24 | $21.3B | $3.8B | ||
| Q2 24 | $21.0B | $3.6B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $265.1M |
| Free Cash FlowOCF − Capex | $1.4B | — |
| FCF MarginFCF / Revenue | 183.5% | — |
| Capex IntensityCapex / Revenue | 34.1% | — |
| Cash ConversionOCF / Net Profit | 10.07× | 0.66× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $265.1M | ||
| Q4 25 | $1.7B | $281.6M | ||
| Q3 25 | $477.0M | $49.0M | ||
| Q2 25 | $377.8M | $182.1M | ||
| Q1 25 | $415.9M | $161.6M | ||
| Q4 24 | $1.6B | $282.6M | ||
| Q3 24 | $486.2M | $166.3M | ||
| Q2 24 | $380.0M | $216.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $218.8M | ||
| Q3 25 | $402.2M | $2.4M | ||
| Q2 25 | $317.1M | $131.7M | ||
| Q1 25 | $367.5M | $97.6M | ||
| Q4 24 | $1.4B | $225.2M | ||
| Q3 24 | $434.2M | $114.4M | ||
| Q2 24 | $333.0M | $171.2M |
| Q1 26 | — | — | ||
| Q4 25 | 183.5% | 20.2% | ||
| Q3 25 | 52.5% | 0.3% | ||
| Q2 25 | 41.7% | 20.2% | ||
| Q1 25 | 49.3% | 14.2% | ||
| Q4 24 | 191.0% | 29.9% | ||
| Q3 24 | 59.1% | 15.5% | ||
| Q2 24 | 45.9% | 23.5% |
| Q1 26 | — | — | ||
| Q4 25 | 34.1% | 5.8% | ||
| Q3 25 | 9.8% | 6.1% | ||
| Q2 25 | 8.0% | 7.7% | ||
| Q1 25 | 6.5% | 9.3% | ||
| Q4 24 | 26.1% | 7.6% | ||
| Q3 24 | 7.1% | 7.0% | ||
| Q2 24 | 6.5% | 6.1% |
| Q1 26 | — | 0.66× | ||
| Q4 25 | 10.07× | 1.09× | ||
| Q3 25 | 1.25× | 0.41× | ||
| Q2 25 | 1.41× | 2.32× | ||
| Q1 25 | 1.76× | 1.63× | ||
| Q4 24 | 5.70× | 1.93× | ||
| Q3 24 | 1.31× | 1.14× | ||
| Q2 24 | 1.50× | 1.16× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
