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Side-by-side financial comparison of AvalonBay Communities (AVB) and VIAVI SOLUTIONS INC. (VIAV). Click either name above to swap in a different company.

AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $406.8M, roughly 1.9× VIAVI SOLUTIONS INC.). AvalonBay Communities runs the higher net margin — 9040.6% vs 1.6%, a 9039.0% gap on every dollar of revenue. On growth, VIAVI SOLUTIONS INC. posted the faster year-over-year revenue change (42.8% vs 3.7%). Over the past eight quarters, VIAVI SOLUTIONS INC.'s revenue compounded faster (27.1% CAGR vs 3.8%).

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

Viavi Solutions Inc., formerly part of JDS Uniphase Corporation (JDSU), is an American network test, measurement and assurance technology company based in Chandler, Arizona. The company manufactures testing and monitoring equipment for networks. It also develops optical technology used for a range of applications including material quality control, currency anti-counterfeiting and 3D motion sensing, including Microsoft's Kinect video game controller.

AVB vs VIAV — Head-to-Head

Bigger by revenue
AVB
AVB
1.9× larger
AVB
$767.9M
$406.8M
VIAV
Growing faster (revenue YoY)
VIAV
VIAV
+39.2% gap
VIAV
42.8%
3.7%
AVB
Higher net margin
AVB
AVB
9039.0% more per $
AVB
9040.6%
1.6%
VIAV
Faster 2-yr revenue CAGR
VIAV
VIAV
Annualised
VIAV
27.1%
3.8%
AVB

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
AVB
AVB
VIAV
VIAV
Revenue
$767.9M
$406.8M
Net Profit
$166.0M
$6.4M
Gross Margin
57.5%
Operating Margin
64.2%
6.1%
Net Margin
9040.6%
1.6%
Revenue YoY
3.7%
42.8%
Net Profit YoY
-41.2%
-76.1%
EPS (diluted)
$1.18
$0.03

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.

Revenue
AVB
AVB
VIAV
VIAV
Q1 26
$406.8M
Q4 25
$767.9M
$369.3M
Q3 25
$766.8M
$299.1M
Q2 25
$760.2M
$290.5M
Q1 25
$745.9M
$284.8M
Q4 24
$740.5M
$270.8M
Q3 24
$734.3M
$238.2M
Q2 24
$726.0M
$252.0M
Net Profit
AVB
AVB
VIAV
VIAV
Q1 26
$6.4M
Q4 25
$166.0M
$-48.1M
Q3 25
$381.3M
$-21.4M
Q2 25
$268.7M
$8.0M
Q1 25
$236.6M
$19.5M
Q4 24
$282.1M
$9.1M
Q3 24
$372.5M
$-1.8M
Q2 24
$253.9M
$-21.7M
Gross Margin
AVB
AVB
VIAV
VIAV
Q1 26
57.5%
Q4 25
57.0%
Q3 25
56.5%
Q2 25
56.3%
Q1 25
56.4%
Q4 24
59.4%
Q3 24
57.1%
Q2 24
57.8%
Operating Margin
AVB
AVB
VIAV
VIAV
Q1 26
6.1%
Q4 25
64.2%
3.1%
Q3 25
65.7%
2.5%
Q2 25
67.6%
5.3%
Q1 25
68.5%
3.0%
Q4 24
63.1%
8.2%
Q3 24
65.4%
4.8%
Q2 24
66.6%
-2.3%
Net Margin
AVB
AVB
VIAV
VIAV
Q1 26
1.6%
Q4 25
9040.6%
-13.0%
Q3 25
49.7%
-7.2%
Q2 25
35.3%
2.8%
Q1 25
31.7%
6.8%
Q4 24
38.1%
3.4%
Q3 24
50.7%
-0.8%
Q2 24
35.0%
-8.6%
EPS (diluted)
AVB
AVB
VIAV
VIAV
Q1 26
$0.03
Q4 25
$1.18
$-0.21
Q3 25
$2.68
$-0.10
Q2 25
$1.88
$0.03
Q1 25
$1.66
$0.09
Q4 24
$1.99
$0.04
Q3 24
$2.61
$-0.01
Q2 24
$1.78
$-0.10

Balance Sheet & Financial Strength

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

Metric
AVB
AVB
VIAV
VIAV
Cash + ST InvestmentsLiquidity on hand
$187.2M
$500.8M
Total DebtLower is stronger
$9.3B
$1.1B
Stockholders' EquityBook value
$11.6B
$846.5M
Total Assets
$22.2B
$2.5B
Debt / EquityLower = less leverage
0.80×
1.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVB
AVB
VIAV
VIAV
Q1 26
$500.8M
Q4 25
$187.2M
$767.4M
Q3 25
$123.3M
$545.6M
Q2 25
$102.8M
$425.3M
Q1 25
$53.3M
$396.8M
Q4 24
$108.6M
$509.4M
Q3 24
$552.4M
$493.1M
Q2 24
$545.8M
$491.2M
Total Debt
AVB
AVB
VIAV
VIAV
Q1 26
$1.1B
Q4 25
$9.3B
$1.2B
Q3 25
$8.7B
$640.5M
Q2 25
$8.7B
$396.3M
Q1 25
$8.3B
$396.1M
Q4 24
$8.1B
$639.3M
Q3 24
$8.4B
$637.6M
Q2 24
$8.4B
$636.0M
Stockholders' Equity
AVB
AVB
VIAV
VIAV
Q1 26
$846.5M
Q4 25
$11.6B
$834.3M
Q3 25
$11.9B
$723.9M
Q2 25
$11.9B
$780.2M
Q1 25
$11.9B
$728.8M
Q4 24
$11.9B
$682.8M
Q3 24
$11.9B
$702.1M
Q2 24
$11.7B
$681.6M
Total Assets
AVB
AVB
VIAV
VIAV
Q1 26
$2.5B
Q4 25
$22.2B
$2.8B
Q3 25
$21.9B
$2.1B
Q2 25
$21.8B
$2.0B
Q1 25
$21.2B
$1.9B
Q4 24
$21.0B
$1.7B
Q3 24
$21.3B
$1.7B
Q2 24
$21.0B
$1.7B
Debt / Equity
AVB
AVB
VIAV
VIAV
Q1 26
1.28×
Q4 25
0.80×
1.46×
Q3 25
0.73×
0.88×
Q2 25
0.72×
0.51×
Q1 25
0.70×
0.54×
Q4 24
0.68×
0.94×
Q3 24
0.70×
0.91×
Q2 24
0.71×
0.93×

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
VIAV
VIAV
Operating Cash FlowLast quarter
$1.7B
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.

Operating Cash Flow
AVB
AVB
VIAV
VIAV
Q1 26
Q4 25
$1.7B
$42.5M
Q3 25
$477.0M
$31.0M
Q2 25
$377.8M
$23.8M
Q1 25
$415.9M
$7.8M
Q4 24
$1.6B
$44.7M
Q3 24
$486.2M
$13.5M
Q2 24
$380.0M
$26.2M
Free Cash Flow
AVB
AVB
VIAV
VIAV
Q1 26
Q4 25
$1.4B
$36.9M
Q3 25
$402.2M
$22.5M
Q2 25
$317.1M
$18.3M
Q1 25
$367.5M
$1.0M
Q4 24
$1.4B
$36.5M
Q3 24
$434.2M
$6.2M
Q2 24
$333.0M
$22.4M
FCF Margin
AVB
AVB
VIAV
VIAV
Q1 26
Q4 25
183.5%
10.0%
Q3 25
52.5%
7.5%
Q2 25
41.7%
6.3%
Q1 25
49.3%
0.4%
Q4 24
191.0%
13.5%
Q3 24
59.1%
2.6%
Q2 24
45.9%
8.9%
Capex Intensity
AVB
AVB
VIAV
VIAV
Q1 26
Q4 25
34.1%
1.5%
Q3 25
9.8%
2.8%
Q2 25
8.0%
1.9%
Q1 25
6.5%
2.4%
Q4 24
26.1%
3.0%
Q3 24
7.1%
3.1%
Q2 24
6.5%
1.5%
Cash Conversion
AVB
AVB
VIAV
VIAV
Q1 26
Q4 25
10.07×
Q3 25
1.25×
Q2 25
1.41×
2.98×
Q1 25
1.76×
0.40×
Q4 24
5.70×
4.91×
Q3 24
1.31×
Q2 24
1.50×

Financial Flow Comparison

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

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