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Side-by-side financial comparison of AvalonBay Communities (AVB) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
ZIONS BANCORPORATION, NATIONAL ASSOCIATION is the larger business by last-quarter revenue ($891.0M vs $767.9M, roughly 1.2× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs 29.5%, a 9011.1% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $952.0M). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.
AVB vs ZION — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $891.0M |
| Net Profit | $166.0M | $263.0M |
| Gross Margin | — | — |
| Operating Margin | 64.2% | — |
| Net Margin | 9040.6% | 29.5% |
| Revenue YoY | 3.7% | 8.7% |
| Net Profit YoY | -41.2% | 21.8% |
| EPS (diluted) | $1.18 | $1.77 |
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 | $891.0M | ||
| Q3 25 | $766.8M | $861.0M | ||
| Q2 25 | $760.2M | $838.0M | ||
| Q1 25 | $745.9M | $795.0M | ||
| Q4 24 | $740.5M | $820.0M | ||
| Q3 24 | $734.3M | $792.0M | ||
| Q2 24 | $726.0M | $777.0M | ||
| Q1 24 | $712.9M | $742.0M |
| Q4 25 | $166.0M | $263.0M | ||
| Q3 25 | $381.3M | $222.0M | ||
| Q2 25 | $268.7M | $244.0M | ||
| Q1 25 | $236.6M | $170.0M | ||
| Q4 24 | $282.1M | $216.0M | ||
| Q3 24 | $372.5M | $214.0M | ||
| Q2 24 | $253.9M | $201.0M | ||
| Q1 24 | $173.4M | $153.0M |
| Q4 25 | 64.2% | — | ||
| Q3 25 | 65.7% | — | ||
| Q2 25 | 67.6% | — | ||
| Q1 25 | 68.5% | — | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | 65.4% | — | ||
| Q2 24 | 66.6% | — | ||
| Q1 24 | 67.2% | — |
| Q4 25 | 9040.6% | 29.5% | ||
| Q3 25 | 49.7% | 25.8% | ||
| Q2 25 | 35.3% | 29.1% | ||
| Q1 25 | 31.7% | 21.4% | ||
| Q4 24 | 38.1% | 26.3% | ||
| Q3 24 | 50.7% | 27.0% | ||
| Q2 24 | 35.0% | 25.9% | ||
| Q1 24 | 24.3% | 20.6% |
| Q4 25 | $1.18 | $1.77 | ||
| Q3 25 | $2.68 | $1.48 | ||
| Q2 25 | $1.88 | $1.63 | ||
| Q1 25 | $1.66 | $1.13 | ||
| Q4 24 | $1.99 | $1.34 | ||
| Q3 24 | $2.61 | $1.37 | ||
| Q2 24 | $1.78 | $1.28 | ||
| Q1 24 | $1.22 | $0.96 |
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 | — |
| Total DebtLower is stronger | $9.3B | $1.5B |
| Stockholders' EquityBook value | $11.6B | $7.2B |
| Total Assets | $22.2B | $89.0B |
| Debt / EquityLower = less leverage | 0.80× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | — | ||
| Q3 25 | $123.3M | — | ||
| Q2 25 | $102.8M | — | ||
| Q1 25 | $53.3M | — | ||
| Q4 24 | $108.6M | — | ||
| Q3 24 | $552.4M | — | ||
| Q2 24 | $545.8M | — | ||
| Q1 24 | $287.9M | — |
| Q4 25 | $9.3B | $1.5B | ||
| Q3 25 | $8.7B | $1.5B | ||
| Q2 25 | $8.7B | $970.0M | ||
| Q1 25 | $8.3B | $964.0M | ||
| Q4 24 | $8.1B | $950.0M | ||
| Q3 24 | $8.4B | $548.0M | ||
| Q2 24 | $8.4B | $546.0M | ||
| Q1 24 | $8.0B | $544.0M |
| Q4 25 | $11.6B | $7.2B | ||
| Q3 25 | $11.9B | $6.9B | ||
| Q2 25 | $11.9B | $6.6B | ||
| Q1 25 | $11.9B | $6.3B | ||
| Q4 24 | $11.9B | $6.1B | ||
| Q3 24 | $11.9B | $6.4B | ||
| Q2 24 | $11.7B | $6.0B | ||
| Q1 24 | $11.7B | $5.8B |
| Q4 25 | $22.2B | $89.0B | ||
| Q3 25 | $21.9B | $88.5B | ||
| Q2 25 | $21.8B | $88.9B | ||
| Q1 25 | $21.2B | $88.0B | ||
| Q4 24 | $21.0B | $88.8B | ||
| Q3 24 | $21.3B | $87.0B | ||
| Q2 24 | $21.0B | $87.6B | ||
| Q1 24 | $20.6B | $87.1B |
| Q4 25 | 0.80× | 0.21× | ||
| Q3 25 | 0.73× | 0.21× | ||
| Q2 25 | 0.72× | 0.15× | ||
| Q1 25 | 0.70× | 0.15× | ||
| Q4 24 | 0.68× | 0.16× | ||
| Q3 24 | 0.70× | 0.09× | ||
| Q2 24 | 0.71× | 0.09× | ||
| Q1 24 | 0.68× | 0.09× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $1.4B | $952.0M |
| FCF MarginFCF / Revenue | 183.5% | 106.8% |
| Capex IntensityCapex / Revenue | 34.1% | 13.6% |
| Cash ConversionOCF / Net Profit | 10.07× | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $1.1B | ||
| Q3 25 | $477.0M | $438.0M | ||
| Q2 25 | $377.8M | $-62.0M | ||
| Q1 25 | $415.9M | $179.0M | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $486.2M | $119.0M | ||
| Q2 24 | $380.0M | $251.0M | ||
| Q1 24 | $412.9M | $261.0M |
| Q4 25 | $1.4B | $952.0M | ||
| Q3 25 | $402.2M | $413.0M | ||
| Q2 25 | $317.1M | $-93.0M | ||
| Q1 25 | $367.5M | $152.0M | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $434.2M | $97.0M | ||
| Q2 24 | $333.0M | $234.0M | ||
| Q1 24 | $375.4M | $231.0M |
| Q4 25 | 183.5% | 106.8% | ||
| Q3 25 | 52.5% | 48.0% | ||
| Q2 25 | 41.7% | -11.1% | ||
| Q1 25 | 49.3% | 19.1% | ||
| Q4 24 | 191.0% | 128.2% | ||
| Q3 24 | 59.1% | 12.2% | ||
| Q2 24 | 45.9% | 30.1% | ||
| Q1 24 | 52.7% | 31.1% |
| Q4 25 | 34.1% | 13.6% | ||
| Q3 25 | 9.8% | 2.9% | ||
| Q2 25 | 8.0% | 3.7% | ||
| Q1 25 | 6.5% | 3.4% | ||
| Q4 24 | 26.1% | 11.8% | ||
| Q3 24 | 7.1% | 2.8% | ||
| Q2 24 | 6.5% | 2.2% | ||
| Q1 24 | 5.3% | 4.0% |
| Q4 25 | 10.07× | 4.08× | ||
| Q3 25 | 1.25× | 1.97× | ||
| Q2 25 | 1.41× | -0.25× | ||
| Q1 25 | 1.76× | 1.05× | ||
| Q4 24 | 5.70× | 5.31× | ||
| Q3 24 | 1.31× | 0.56× | ||
| Q2 24 | 1.50× | 1.25× | ||
| Q1 24 | 2.38× | 1.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
