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Side-by-side financial comparison of AvalonBay Communities (AVB) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $566.0M, roughly 1.4× WillScot Holdings Corp). AvalonBay Communities runs the higher net margin — 9040.6% vs -33.1%, a 9073.7% gap on every dollar of revenue. On growth, AvalonBay Communities posted the faster year-over-year revenue change (3.7% vs -6.1%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $149.7M). Over the past eight quarters, AvalonBay Communities's revenue compounded faster (3.8% CAGR vs -1.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
AVB vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $566.0M |
| Net Profit | $166.0M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 64.2% | -32.5% |
| Net Margin | 9040.6% | -33.1% |
| Revenue YoY | 3.7% | -6.1% |
| Net Profit YoY | -41.2% | -310.0% |
| EPS (diluted) | $1.18 | $-1.02 |
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 | $566.0M | ||
| Q3 25 | $766.8M | $566.8M | ||
| Q2 25 | $760.2M | $589.1M | ||
| Q1 25 | $745.9M | $559.6M | ||
| Q4 24 | $740.5M | $602.5M | ||
| Q3 24 | $734.3M | $601.4M | ||
| Q2 24 | $726.0M | $604.6M | ||
| Q1 24 | $712.9M | $587.2M |
| Q4 25 | $166.0M | $-187.3M | ||
| Q3 25 | $381.3M | $43.3M | ||
| Q2 25 | $268.7M | $47.9M | ||
| Q1 25 | $236.6M | $43.1M | ||
| Q4 24 | $282.1M | $89.2M | ||
| Q3 24 | $372.5M | $-70.5M | ||
| Q2 24 | $253.9M | $-46.9M | ||
| Q1 24 | $173.4M | $56.2M |
| Q4 25 | — | 50.4% | ||
| Q3 25 | — | 49.7% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 54.1% | ||
| Q1 24 | — | 54.0% |
| Q4 25 | 64.2% | -32.5% | ||
| Q3 25 | 65.7% | 21.0% | ||
| Q2 25 | 67.6% | 21.5% | ||
| Q1 25 | 68.5% | 21.3% | ||
| Q4 24 | 63.1% | 28.9% | ||
| Q3 24 | 65.4% | -5.9% | ||
| Q2 24 | 66.6% | -0.9% | ||
| Q1 24 | 67.2% | 22.1% |
| Q4 25 | 9040.6% | -33.1% | ||
| Q3 25 | 49.7% | 7.6% | ||
| Q2 25 | 35.3% | 8.1% | ||
| Q1 25 | 31.7% | 7.7% | ||
| Q4 24 | 38.1% | 14.8% | ||
| Q3 24 | 50.7% | -11.7% | ||
| Q2 24 | 35.0% | -7.7% | ||
| Q1 24 | 24.3% | 9.6% |
| Q4 25 | $1.18 | $-1.02 | ||
| Q3 25 | $2.68 | $0.24 | ||
| Q2 25 | $1.88 | $0.26 | ||
| Q1 25 | $1.66 | $0.23 | ||
| Q4 24 | $1.99 | $0.48 | ||
| Q3 24 | $2.61 | $-0.37 | ||
| Q2 24 | $1.78 | $-0.25 | ||
| Q1 24 | $1.22 | $0.29 |
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 | $14.6M |
| Total DebtLower is stronger | $9.3B | $3.6B |
| Stockholders' EquityBook value | $11.6B | $856.3M |
| Total Assets | $22.2B | $5.8B |
| Debt / EquityLower = less leverage | 0.80× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $14.6M | ||
| Q3 25 | $123.3M | $14.8M | ||
| Q2 25 | $102.8M | $12.8M | ||
| Q1 25 | $53.3M | $10.7M | ||
| Q4 24 | $108.6M | $9.0M | ||
| Q3 24 | $552.4M | $11.0M | ||
| Q2 24 | $545.8M | $5.9M | ||
| Q1 24 | $287.9M | $13.1M |
| Q4 25 | $9.3B | $3.6B | ||
| Q3 25 | $8.7B | $3.6B | ||
| Q2 25 | $8.7B | $3.7B | ||
| Q1 25 | $8.3B | $3.6B | ||
| Q4 24 | $8.1B | $3.7B | ||
| Q3 24 | $8.4B | $3.6B | ||
| Q2 24 | $8.4B | $3.5B | ||
| Q1 24 | $8.0B | $3.5B |
| Q4 25 | $11.6B | $856.3M | ||
| Q3 25 | $11.9B | $1.1B | ||
| Q2 25 | $11.9B | $1.0B | ||
| Q1 25 | $11.9B | $1.0B | ||
| Q4 24 | $11.9B | $1.0B | ||
| Q3 24 | $11.9B | $1.1B | ||
| Q2 24 | $11.7B | $1.2B | ||
| Q1 24 | $11.7B | $1.3B |
| Q4 25 | $22.2B | $5.8B | ||
| Q3 25 | $21.9B | $6.1B | ||
| Q2 25 | $21.8B | $6.1B | ||
| Q1 25 | $21.2B | $6.0B | ||
| Q4 24 | $21.0B | $6.0B | ||
| Q3 24 | $21.3B | $6.0B | ||
| Q2 24 | $21.0B | $6.0B | ||
| Q1 24 | $20.6B | $6.2B |
| Q4 25 | 0.80× | 4.15× | ||
| Q3 25 | 0.73× | 3.39× | ||
| Q2 25 | 0.72× | 3.55× | ||
| Q1 25 | 0.70× | 3.56× | ||
| Q4 24 | 0.68× | 3.62× | ||
| Q3 24 | 0.70× | 3.42× | ||
| Q2 24 | 0.71× | 2.88× | ||
| Q1 24 | 0.68× | 2.63× |
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 | $158.9M |
| Free Cash FlowOCF − Capex | $1.4B | $149.7M |
| FCF MarginFCF / Revenue | 183.5% | 26.5% |
| Capex IntensityCapex / Revenue | 34.1% | 1.6% |
| Cash ConversionOCF / Net Profit | 10.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $158.9M | ||
| Q3 25 | $477.0M | $191.2M | ||
| Q2 25 | $377.8M | $205.3M | ||
| Q1 25 | $415.9M | $206.6M | ||
| Q4 24 | $1.6B | $178.9M | ||
| Q3 24 | $486.2M | $-1.6M | ||
| Q2 24 | $380.0M | $175.6M | ||
| Q1 24 | $412.9M | $208.7M |
| Q4 25 | $1.4B | $149.7M | ||
| Q3 25 | $402.2M | $186.9M | ||
| Q2 25 | $317.1M | $199.0M | ||
| Q1 25 | $367.5M | $202.0M | ||
| Q4 24 | $1.4B | $176.6M | ||
| Q3 24 | $434.2M | $-4.9M | ||
| Q2 24 | $333.0M | $169.4M | ||
| Q1 24 | $375.4M | $202.1M |
| Q4 25 | 183.5% | 26.5% | ||
| Q3 25 | 52.5% | 33.0% | ||
| Q2 25 | 41.7% | 33.8% | ||
| Q1 25 | 49.3% | 36.1% | ||
| Q4 24 | 191.0% | 29.3% | ||
| Q3 24 | 59.1% | -0.8% | ||
| Q2 24 | 45.9% | 28.0% | ||
| Q1 24 | 52.7% | 34.4% |
| Q4 25 | 34.1% | 1.6% | ||
| Q3 25 | 9.8% | 0.7% | ||
| Q2 25 | 8.0% | 1.1% | ||
| Q1 25 | 6.5% | 0.8% | ||
| Q4 24 | 26.1% | 0.4% | ||
| Q3 24 | 7.1% | 0.6% | ||
| Q2 24 | 6.5% | 1.0% | ||
| Q1 24 | 5.3% | 1.1% |
| Q4 25 | 10.07× | — | ||
| Q3 25 | 1.25× | 4.41× | ||
| Q2 25 | 1.41× | 4.28× | ||
| Q1 25 | 1.76× | 4.80× | ||
| Q4 24 | 5.70× | 2.01× | ||
| Q3 24 | 1.31× | — | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 2.38× | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
