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Side-by-side financial comparison of AvalonBay Communities (AVB) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
Trade Desk (The) is the larger business by last-quarter revenue ($846.8M vs $767.9M, roughly 1.1× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 22.1%, a 9018.5% gap on every dollar of revenue. On growth, Trade Desk (The) posted the faster year-over-year revenue change (14.3% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $285.3M). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.
AVB vs TTD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $846.8M |
| Net Profit | $166.0M | $186.9M |
| Gross Margin | — | 80.7% |
| Operating Margin | 64.2% | 30.3% |
| Net Margin | 9040.6% | 22.1% |
| Revenue YoY | 3.7% | 14.3% |
| Net Profit YoY | -41.2% | 2.6% |
| EPS (diluted) | $1.18 | $0.39 |
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 | $846.8M | ||
| Q3 25 | $766.8M | $739.4M | ||
| Q2 25 | $760.2M | $694.0M | ||
| Q1 25 | $745.9M | $616.0M | ||
| Q4 24 | $740.5M | $741.0M | ||
| Q3 24 | $734.3M | $628.0M | ||
| Q2 24 | $726.0M | $584.5M | ||
| Q1 24 | $712.9M | $491.3M |
| Q4 25 | $166.0M | $186.9M | ||
| Q3 25 | $381.3M | $115.5M | ||
| Q2 25 | $268.7M | $90.1M | ||
| Q1 25 | $236.6M | $50.7M | ||
| Q4 24 | $282.1M | $182.2M | ||
| Q3 24 | $372.5M | $94.2M | ||
| Q2 24 | $253.9M | $85.0M | ||
| Q1 24 | $173.4M | $31.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 78.1% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | — | 80.5% | ||
| Q2 24 | — | 81.1% | ||
| Q1 24 | — | 78.9% |
| Q4 25 | 64.2% | 30.3% | ||
| Q3 25 | 65.7% | 21.8% | ||
| Q2 25 | 67.6% | 16.8% | ||
| Q1 25 | 68.5% | 8.8% | ||
| Q4 24 | 63.1% | 26.4% | ||
| Q3 24 | 65.4% | 17.3% | ||
| Q2 24 | 66.6% | 16.2% | ||
| Q1 24 | 67.2% | 5.8% |
| Q4 25 | 9040.6% | 22.1% | ||
| Q3 25 | 49.7% | 15.6% | ||
| Q2 25 | 35.3% | 13.0% | ||
| Q1 25 | 31.7% | 8.2% | ||
| Q4 24 | 38.1% | 24.6% | ||
| Q3 24 | 50.7% | 15.0% | ||
| Q2 24 | 35.0% | 14.5% | ||
| Q1 24 | 24.3% | 6.4% |
| Q4 25 | $1.18 | $0.39 | ||
| Q3 25 | $2.68 | $0.23 | ||
| Q2 25 | $1.88 | $0.18 | ||
| Q1 25 | $1.66 | $0.10 | ||
| Q4 24 | $1.99 | $0.36 | ||
| Q3 24 | $2.61 | $0.19 | ||
| Q2 24 | $1.78 | $0.17 | ||
| Q1 24 | $1.22 | $0.06 |
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 | $1.3B |
| Total DebtLower is stronger | $9.3B | — |
| Stockholders' EquityBook value | $11.6B | $2.5B |
| Total Assets | $22.2B | $6.2B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $1.3B | ||
| Q3 25 | $123.3M | $1.4B | ||
| Q2 25 | $102.8M | $1.7B | ||
| Q1 25 | $53.3M | $1.7B | ||
| Q4 24 | $108.6M | $1.9B | ||
| Q3 24 | $552.4M | $1.7B | ||
| Q2 24 | $545.8M | $1.5B | ||
| Q1 24 | $287.9M | $1.4B |
| 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 | $2.5B | ||
| Q3 25 | $11.9B | $2.6B | ||
| Q2 25 | $11.9B | $2.7B | ||
| Q1 25 | $11.9B | $2.7B | ||
| Q4 24 | $11.9B | $2.9B | ||
| Q3 24 | $11.9B | $2.6B | ||
| Q2 24 | $11.7B | $2.4B | ||
| Q1 24 | $11.7B | $2.2B |
| Q4 25 | $22.2B | $6.2B | ||
| Q3 25 | $21.9B | $5.9B | ||
| Q2 25 | $21.8B | $6.0B | ||
| Q1 25 | $21.2B | $5.7B | ||
| Q4 24 | $21.0B | $6.1B | ||
| Q3 24 | $21.3B | $5.5B | ||
| Q2 24 | $21.0B | $5.2B | ||
| Q1 24 | $20.6B | $4.7B |
| 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 | $311.6M |
| Free Cash FlowOCF − Capex | $1.4B | $285.3M |
| FCF MarginFCF / Revenue | 183.5% | 33.7% |
| Capex IntensityCapex / Revenue | 34.1% | 3.1% |
| Cash ConversionOCF / Net Profit | 10.07× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $311.6M | ||
| Q3 25 | $477.0M | $224.7M | ||
| Q2 25 | $377.8M | $165.0M | ||
| Q1 25 | $415.9M | $291.4M | ||
| Q4 24 | $1.6B | $199.4M | ||
| Q3 24 | $486.2M | $273.3M | ||
| Q2 24 | $380.0M | $81.3M | ||
| Q1 24 | $412.9M | $185.5M |
| Q4 25 | $1.4B | $285.3M | ||
| Q3 25 | $402.2M | $158.3M | ||
| Q2 25 | $317.1M | $119.8M | ||
| Q1 25 | $367.5M | $232.3M | ||
| Q4 24 | $1.4B | $179.2M | ||
| Q3 24 | $434.2M | $224.6M | ||
| Q2 24 | $333.0M | $59.1M | ||
| Q1 24 | $375.4M | $178.2M |
| Q4 25 | 183.5% | 33.7% | ||
| Q3 25 | 52.5% | 21.4% | ||
| Q2 25 | 41.7% | 17.3% | ||
| Q1 25 | 49.3% | 37.7% | ||
| Q4 24 | 191.0% | 24.2% | ||
| Q3 24 | 59.1% | 35.8% | ||
| Q2 24 | 45.9% | 10.1% | ||
| Q1 24 | 52.7% | 36.3% |
| Q4 25 | 34.1% | 3.1% | ||
| Q3 25 | 9.8% | 9.0% | ||
| Q2 25 | 8.0% | 6.5% | ||
| Q1 25 | 6.5% | 9.6% | ||
| Q4 24 | 26.1% | 2.7% | ||
| Q3 24 | 7.1% | 7.8% | ||
| Q2 24 | 6.5% | 3.8% | ||
| Q1 24 | 5.3% | 1.5% |
| Q4 25 | 10.07× | 1.67× | ||
| Q3 25 | 1.25× | 1.94× | ||
| Q2 25 | 1.41× | 1.83× | ||
| Q1 25 | 1.76× | 5.75× | ||
| Q4 24 | 5.70× | 1.09× | ||
| Q3 24 | 1.31× | 2.90× | ||
| Q2 24 | 1.50× | 0.96× | ||
| Q1 24 | 2.38× | 5.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
