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Side-by-side financial comparison of AvalonBay Communities (AVB) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.
AvalonBay Communities is the larger business by last-quarter revenue ($767.9M vs $677.3M, roughly 1.1× WATTS WATER TECHNOLOGIES INC). AvalonBay Communities runs the higher net margin — 9040.6% vs 14.7%, a 9025.9% gap on every dollar of revenue. On growth, WATTS WATER TECHNOLOGIES INC posted the faster year-over-year revenue change (21.4% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $6.6M). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (6.5% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
AVB vs WTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $677.3M |
| Net Profit | $166.0M | $99.6M |
| Gross Margin | — | 48.1% |
| Operating Margin | 64.2% | 19.6% |
| Net Margin | 9040.6% | 14.7% |
| Revenue YoY | 3.7% | 21.4% |
| Net Profit YoY | -41.2% | 34.6% |
| EPS (diluted) | $1.18 | $2.97 |
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 | — | $677.3M | ||
| Q4 25 | $767.9M | $625.1M | ||
| Q3 25 | $766.8M | $611.7M | ||
| Q2 25 | $760.2M | $643.7M | ||
| Q1 25 | $745.9M | $558.0M | ||
| Q4 24 | $740.5M | $540.4M | ||
| Q3 24 | $734.3M | $543.6M | ||
| Q2 24 | $726.0M | $597.3M |
| Q1 26 | — | $99.6M | ||
| Q4 25 | $166.0M | $83.7M | ||
| Q3 25 | $381.3M | $82.2M | ||
| Q2 25 | $268.7M | $100.9M | ||
| Q1 25 | $236.6M | $74.0M | ||
| Q4 24 | $282.1M | $67.5M | ||
| Q3 24 | $372.5M | $69.1M | ||
| Q2 24 | $253.9M | $82.0M |
| Q1 26 | — | 48.1% | ||
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 48.8% | ||
| Q2 25 | — | 50.6% | ||
| Q1 25 | — | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 47.3% | ||
| Q2 24 | — | 47.7% |
| Q1 26 | — | 19.6% | ||
| Q4 25 | 64.2% | 18.2% | ||
| Q3 25 | 65.7% | 18.2% | ||
| Q2 25 | 67.6% | 21.0% | ||
| Q1 25 | 68.5% | 15.7% | ||
| Q4 24 | 63.1% | 16.5% | ||
| Q3 24 | 65.4% | 17.1% | ||
| Q2 24 | 66.6% | 18.7% |
| Q1 26 | — | 14.7% | ||
| Q4 25 | 9040.6% | 13.4% | ||
| Q3 25 | 49.7% | 13.4% | ||
| Q2 25 | 35.3% | 15.7% | ||
| Q1 25 | 31.7% | 13.3% | ||
| Q4 24 | 38.1% | 12.5% | ||
| Q3 24 | 50.7% | 12.7% | ||
| Q2 24 | 35.0% | 13.7% |
| Q1 26 | — | $2.97 | ||
| Q4 25 | $1.18 | $2.50 | ||
| Q3 25 | $2.68 | $2.45 | ||
| Q2 25 | $1.88 | $3.01 | ||
| Q1 25 | $1.66 | $2.21 | ||
| Q4 24 | $1.99 | $2.02 | ||
| Q3 24 | $2.61 | $2.06 | ||
| Q2 24 | $1.78 | $2.44 |
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 | $374.7M |
| Total DebtLower is stronger | $9.3B | $197.8M |
| Stockholders' EquityBook value | $11.6B | $2.1B |
| Total Assets | $22.2B | $2.9B |
| Debt / EquityLower = less leverage | 0.80× | 0.09× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $374.7M | ||
| Q4 25 | $187.2M | $405.5M | ||
| Q3 25 | $123.3M | $457.7M | ||
| Q2 25 | $102.8M | $369.3M | ||
| Q1 25 | $53.3M | $336.8M | ||
| Q4 24 | $108.6M | $386.9M | ||
| Q3 24 | $552.4M | $303.9M | ||
| Q2 24 | $545.8M | $279.4M |
| Q1 26 | — | $197.8M | ||
| 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 | — | $2.1B | ||
| Q4 25 | $11.6B | $2.0B | ||
| Q3 25 | $11.9B | $2.0B | ||
| Q2 25 | $11.9B | $1.9B | ||
| Q1 25 | $11.9B | $1.8B | ||
| Q4 24 | $11.9B | $1.7B | ||
| Q3 24 | $11.9B | $1.7B | ||
| Q2 24 | $11.7B | $1.6B |
| Q1 26 | — | $2.9B | ||
| Q4 25 | $22.2B | $2.9B | ||
| Q3 25 | $21.9B | $2.7B | ||
| Q2 25 | $21.8B | $2.6B | ||
| Q1 25 | $21.2B | $2.5B | ||
| Q4 24 | $21.0B | $2.4B | ||
| Q3 24 | $21.3B | $2.4B | ||
| Q2 24 | $21.0B | $2.4B |
| Q1 26 | — | 0.09× | ||
| 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 | $17.9M |
| Free Cash FlowOCF − Capex | $1.4B | $6.6M |
| FCF MarginFCF / Revenue | 183.5% | 1.0% |
| Capex IntensityCapex / Revenue | 34.1% | — |
| Cash ConversionOCF / Net Profit | 10.07× | 0.18× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $317.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $17.9M | ||
| Q4 25 | $1.7B | $154.7M | ||
| Q3 25 | $477.0M | $122.4M | ||
| Q2 25 | $377.8M | $69.7M | ||
| Q1 25 | $415.9M | $55.2M | ||
| Q4 24 | $1.6B | $139.5M | ||
| Q3 24 | $486.2M | $90.7M | ||
| Q2 24 | $380.0M | $85.3M |
| Q1 26 | — | $6.6M | ||
| Q4 25 | $1.4B | $140.3M | ||
| Q3 25 | $402.2M | $110.9M | ||
| Q2 25 | $317.1M | $59.5M | ||
| Q1 25 | $367.5M | $45.6M | ||
| Q4 24 | $1.4B | $127.5M | ||
| Q3 24 | $434.2M | $84.3M | ||
| Q2 24 | $333.0M | $78.5M |
| Q1 26 | — | 1.0% | ||
| Q4 25 | 183.5% | 22.4% | ||
| Q3 25 | 52.5% | 18.1% | ||
| Q2 25 | 41.7% | 9.2% | ||
| Q1 25 | 49.3% | 8.2% | ||
| Q4 24 | 191.0% | 23.6% | ||
| Q3 24 | 59.1% | 15.5% | ||
| Q2 24 | 45.9% | 13.1% |
| Q1 26 | — | — | ||
| Q4 25 | 34.1% | 2.3% | ||
| Q3 25 | 9.8% | 1.9% | ||
| Q2 25 | 8.0% | 1.6% | ||
| Q1 25 | 6.5% | 1.7% | ||
| Q4 24 | 26.1% | 2.2% | ||
| Q3 24 | 7.1% | 1.2% | ||
| Q2 24 | 6.5% | 1.1% |
| Q1 26 | — | 0.18× | ||
| Q4 25 | 10.07× | 1.85× | ||
| Q3 25 | 1.25× | 1.49× | ||
| Q2 25 | 1.41× | 0.69× | ||
| Q1 25 | 1.76× | 0.75× | ||
| Q4 24 | 5.70× | 2.07× | ||
| Q3 24 | 1.31× | 1.31× | ||
| Q2 24 | 1.50× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
WTS
| segment net | $517.8M | 76% |
| Other | $159.5M | 24% |
