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Side-by-side financial comparison of AvalonBay Communities (AVB) and Talen Energy Corp (TLN). Click either name above to swap in a different company.

AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $758.0M, roughly 1.0× Talen Energy Corp). AvalonBay Communities runs the higher net margin — 9040.6% vs -47.9%, a 9088.5% gap on every dollar of revenue. On growth, Talen Energy Corp posted the faster year-over-year revenue change (114.7% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $254.0M). Over the past eight quarters, Talen Energy Corp's revenue compounded faster (35.0% CAGR vs 3.8%).

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

PPL Corporation is an energy company headquartered in Allentown, Pennsylvania in the Lehigh Valley region of eastern Pennsylvania. The company is publicly traded on the New York Stock Exchange as NYSE: PPL and is part of the S&P 500. As of 2022, the company had $7.9 billion in revenue, 6,500 employees, over $37 billion in assets, and serves 3.6 million customers.

AVB vs TLN — Head-to-Head

Bigger by revenue
AVB
AVB
1.0× larger
AVB
$767.9M
$758.0M
TLN
Growing faster (revenue YoY)
TLN
TLN
+111.0% gap
TLN
114.7%
3.7%
AVB
Higher net margin
AVB
AVB
9088.5% more per $
AVB
9040.6%
-47.9%
TLN
More free cash flow
AVB
AVB
$1.2B more FCF
AVB
$1.4B
$254.0M
TLN
Faster 2-yr revenue CAGR
TLN
TLN
Annualised
TLN
35.0%
3.8%
AVB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AVB
AVB
TLN
TLN
Revenue
$767.9M
$758.0M
Net Profit
$166.0M
$-363.0M
Gross Margin
Operating Margin
64.2%
-41.3%
Net Margin
9040.6%
-47.9%
Revenue YoY
3.7%
114.7%
Net Profit YoY
-41.2%
-542.7%
EPS (diluted)
$1.18
$-7.60

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
TLN
TLN
Q4 25
$767.9M
$758.0M
Q3 25
$766.8M
$697.0M
Q2 25
$760.2M
$409.0M
Q1 25
$745.9M
$654.0M
Q4 24
$740.5M
$353.0M
Q3 24
$734.3M
$459.0M
Q2 24
$726.0M
$346.0M
Q1 24
$712.9M
$416.0M
Net Profit
AVB
AVB
TLN
TLN
Q4 25
$166.0M
$-363.0M
Q3 25
$381.3M
$207.0M
Q2 25
$268.7M
$72.0M
Q1 25
$236.6M
$-135.0M
Q4 24
$282.1M
$82.0M
Q3 24
$372.5M
$168.0M
Q2 24
$253.9M
$454.0M
Q1 24
$173.4M
$294.0M
Operating Margin
AVB
AVB
TLN
TLN
Q4 25
64.2%
-41.3%
Q3 25
65.7%
37.7%
Q2 25
67.6%
16.1%
Q1 25
68.5%
-16.2%
Q4 24
63.1%
4.5%
Q3 24
65.4%
34.4%
Q2 24
66.6%
7.8%
Q1 24
67.2%
6.0%
Net Margin
AVB
AVB
TLN
TLN
Q4 25
9040.6%
-47.9%
Q3 25
49.7%
29.7%
Q2 25
35.3%
17.6%
Q1 25
31.7%
-20.6%
Q4 24
38.1%
23.2%
Q3 24
50.7%
36.6%
Q2 24
35.0%
131.2%
Q1 24
24.3%
70.7%
EPS (diluted)
AVB
AVB
TLN
TLN
Q4 25
$1.18
$-7.60
Q3 25
$2.68
$4.25
Q2 25
$1.88
$1.50
Q1 25
$1.66
$-2.94
Q4 24
$1.99
$2.07
Q3 24
$2.61
$3.16
Q2 24
$1.78
$7.60
Q1 24
$1.22
$4.84

Balance Sheet & Financial Strength

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

Metric
AVB
AVB
TLN
TLN
Cash + ST InvestmentsLiquidity on hand
$187.2M
$689.0M
Total DebtLower is stronger
$9.3B
$6.8B
Stockholders' EquityBook value
$11.6B
$1.1B
Total Assets
$22.2B
$10.9B
Debt / EquityLower = less leverage
0.80×
6.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
TLN
TLN
Q4 25
$187.2M
$689.0M
Q3 25
$123.3M
$497.0M
Q2 25
$102.8M
$122.0M
Q1 25
$53.3M
$295.0M
Q4 24
$108.6M
$328.0M
Q3 24
$552.4M
$648.0M
Q2 24
$545.8M
$632.0M
Q1 24
$287.9M
Total Debt
AVB
AVB
TLN
TLN
Q4 25
$9.3B
$6.8B
Q3 25
$8.7B
$3.0B
Q2 25
$8.7B
$3.0B
Q1 25
$8.3B
$3.0B
Q4 24
$8.1B
$3.0B
Q3 24
$8.4B
$2.6B
Q2 24
$8.4B
$2.6B
Q1 24
$8.0B
Stockholders' Equity
AVB
AVB
TLN
TLN
Q4 25
$11.6B
$1.1B
Q3 25
$11.9B
$1.5B
Q2 25
$11.9B
$1.2B
Q1 25
$11.9B
$1.2B
Q4 24
$11.9B
$1.4B
Q3 24
$11.9B
$2.4B
Q2 24
$11.7B
$2.5B
Q1 24
$11.7B
$2.8B
Total Assets
AVB
AVB
TLN
TLN
Q4 25
$22.2B
$10.9B
Q3 25
$21.9B
$6.1B
Q2 25
$21.8B
$5.8B
Q1 25
$21.2B
$5.9B
Q4 24
$21.0B
$6.1B
Q3 24
$21.3B
$6.8B
Q2 24
$21.0B
$7.1B
Q1 24
$20.6B
Debt / Equity
AVB
AVB
TLN
TLN
Q4 25
0.80×
6.23×
Q3 25
0.73×
2.03×
Q2 25
0.72×
2.40×
Q1 25
0.70×
2.54×
Q4 24
0.68×
2.17×
Q3 24
0.70×
1.10×
Q2 24
0.71×
1.05×
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
AVB
AVB
TLN
TLN
Operating Cash FlowLast quarter
$1.7B
$280.0M
Free Cash FlowOCF − Capex
$1.4B
$254.0M
FCF MarginFCF / Revenue
183.5%
33.5%
Capex IntensityCapex / Revenue
34.1%
3.4%
Cash ConversionOCF / Net Profit
10.07×
TTM Free Cash FlowTrailing 4 quarters
$2.5B
$606.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVB
AVB
TLN
TLN
Q4 25
$1.7B
$280.0M
Q3 25
$477.0M
$489.0M
Q2 25
$377.8M
$-184.0M
Q1 25
$415.9M
$119.0M
Q4 24
$1.6B
Q3 24
$486.2M
$96.0M
Q2 24
$380.0M
$-23.0M
Q1 24
$412.9M
$173.0M
Free Cash Flow
AVB
AVB
TLN
TLN
Q4 25
$1.4B
$254.0M
Q3 25
$402.2M
$468.0M
Q2 25
$317.1M
$-217.0M
Q1 25
$367.5M
$101.0M
Q4 24
$1.4B
Q3 24
$434.2M
$83.0M
Q2 24
$333.0M
$-43.0M
Q1 24
$375.4M
$148.0M
FCF Margin
AVB
AVB
TLN
TLN
Q4 25
183.5%
33.5%
Q3 25
52.5%
67.1%
Q2 25
41.7%
-53.1%
Q1 25
49.3%
15.4%
Q4 24
191.0%
Q3 24
59.1%
18.1%
Q2 24
45.9%
-12.4%
Q1 24
52.7%
35.6%
Capex Intensity
AVB
AVB
TLN
TLN
Q4 25
34.1%
3.4%
Q3 25
9.8%
3.0%
Q2 25
8.0%
8.1%
Q1 25
6.5%
2.8%
Q4 24
26.1%
Q3 24
7.1%
2.8%
Q2 24
6.5%
5.8%
Q1 24
5.3%
6.0%
Cash Conversion
AVB
AVB
TLN
TLN
Q4 25
10.07×
Q3 25
1.25×
2.36×
Q2 25
1.41×
-2.56×
Q1 25
1.76×
Q4 24
5.70×
Q3 24
1.31×
0.57×
Q2 24
1.50×
-0.05×
Q1 24
2.38×
0.59×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AVB
AVB

Segment breakdown not available.

TLN
TLN

Electricity Sales And Ancillary Services$555.0M73%
Operating Revenue Capacity$182.0M24%
Physical Electricity Sales Bilateral Contracts Other$21.0M3%

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