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AvalonBay Communities（AVB）与BREAD FINANCIAL HOLDINGS, INC.（BFH）财务数据对比。点击上方公司名可切换其他公司
BREAD FINANCIAL HOLDINGS, INC.的季度营收约是AvalonBay Communities的1.3倍（$975.0M vs $767.9M），BREAD FINANCIAL HOLDINGS, INC.同比增速更快（5.4% vs 3.7%），过去两年AvalonBay Communities的营收复合增速更高（3.8% vs -0.8%）
AvalonBay Communities是一家公开上市的房地产投资信托（REIT），核心业务聚焦公寓类不动产的投资与运营，旗下持有并管理大量区位优质的公寓项目，为租户提供高品质居住服务，在北美住宅地产投资领域拥有较高知名度。
Bread Financial Holdings, Inc.是美国上市金融科技企业，核心业务包括联名信用卡发行、联盟忠诚度计划运营及精准营销服务，依托海量交易数据的捕捉与分析为合作品牌及消费者提供定制化商业解决方案，助力合作方提升用户粘性与经营效益。
AVB vs BFH — 直观对比
营收规模更大
BFH
是对方的1.3倍
$767.9M
营收增速更快
BFH
高出1.7%
3.7%
两年增速更快
AVB
近两年复合增速
-0.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $975.0M |
| 净利润 | $166.0M | — |
| 毛利率 | — | — |
| 营业利润率 | 64.2% | 4.9% |
| 净利率 | 9040.6% | — |
| 营收同比 | 3.7% | 5.4% |
| 净利润同比 | -41.2% | — |
| 每股收益（稀释后） | $1.18 | $1.21 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AVBBFH
| Q4 25 | $767.9M | $975.0M | ||
| Q3 25 | $766.8M | $971.0M | ||
| Q2 25 | $760.2M | $929.0M | ||
| Q1 25 | $745.9M | $970.0M | ||
| Q4 24 | $740.5M | $925.0M | ||
| Q3 24 | $734.3M | $983.0M | ||
| Q2 24 | $726.0M | $939.0M | ||
| Q1 24 | $712.9M | $991.0M |
净利润AVBBFH
| Q4 25 | $166.0M | — | ||
| Q3 25 | $381.3M | $188.0M | ||
| Q2 25 | $268.7M | $139.0M | ||
| Q1 25 | $236.6M | $138.0M | ||
| Q4 24 | $282.1M | — | ||
| Q3 24 | $372.5M | $2.0M | ||
| Q2 24 | $253.9M | $133.0M | ||
| Q1 24 | $173.4M | $134.0M |
营业利润率AVBBFH
| Q4 25 | 64.2% | 4.9% | ||
| Q3 25 | 65.7% | 20.2% | ||
| Q2 25 | 67.6% | 18.7% | ||
| Q1 25 | 68.5% | 20.3% | ||
| Q4 24 | 63.1% | -2.9% | ||
| Q3 24 | 65.4% | 4.1% | ||
| Q2 24 | 66.6% | 19.2% | ||
| Q1 24 | 67.2% | 19.0% |
净利率AVBBFH
| Q4 25 | 9040.6% | — | ||
| Q3 25 | 49.7% | 19.4% | ||
| Q2 25 | 35.3% | 15.0% | ||
| Q1 25 | 31.7% | 14.2% | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 50.7% | 0.2% | ||
| Q2 24 | 35.0% | 14.2% | ||
| Q1 24 | 24.3% | 13.5% |
每股收益（稀释后）AVBBFH
| Q4 25 | $1.18 | $1.21 | ||
| Q3 25 | $2.68 | $3.96 | ||
| Q2 25 | $1.88 | $2.94 | ||
| Q1 25 | $1.66 | $2.78 | ||
| Q4 24 | $1.99 | $0.08 | ||
| Q3 24 | $2.61 | $0.05 | ||
| Q2 24 | $1.78 | $2.66 | ||
| Q1 24 | $1.22 | $2.70 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $187.2M | $3.6B |
| 总债务越低越好 | $9.3B | $4.3B |
| 股东权益账面价值 | $11.6B | $3.3B |
| 总资产 | $22.2B | $22.7B |
| 负债/权益比越低杠杆越低 | 0.80× | 1.29× |
8季度趋势，按日历期对齐
现金及短期投资AVBBFH
| Q4 25 | $187.2M | $3.6B | ||
| Q3 25 | $123.3M | $3.8B | ||
| Q2 25 | $102.8M | $3.8B | ||
| Q1 25 | $53.3M | $4.2B | ||
| Q4 24 | $108.6M | $4.0B | ||
| Q3 24 | $552.4M | $3.5B | ||
| Q2 24 | $545.8M | $4.1B | ||
| Q1 24 | $287.9M | $3.8B |
总债务AVBBFH
| Q4 25 | $9.3B | $4.3B | ||
| Q3 25 | $8.7B | $3.8B | ||
| Q2 25 | $8.7B | $4.2B | ||
| Q1 25 | $8.3B | $5.1B | ||
| Q4 24 | $8.1B | $5.6B | ||
| Q3 24 | $8.4B | $4.6B | ||
| Q2 24 | $8.4B | — | ||
| Q1 24 | $8.0B | — |
股东权益AVBBFH
| Q4 25 | $11.6B | $3.3B | ||
| Q3 25 | $11.9B | $3.3B | ||
| Q2 25 | $11.9B | $3.2B | ||
| Q1 25 | $11.9B | $3.1B | ||
| Q4 24 | $11.9B | $3.1B | ||
| Q3 24 | $11.9B | $3.1B | ||
| Q2 24 | $11.7B | $3.2B | ||
| Q1 24 | $11.7B | $3.0B |
总资产AVBBFH
| Q4 25 | $22.2B | $22.7B | ||
| Q3 25 | $21.9B | $21.7B | ||
| Q2 25 | $21.8B | $21.8B | ||
| Q1 25 | $21.2B | $22.4B | ||
| Q4 24 | $21.0B | $22.9B | ||
| Q3 24 | $21.3B | $21.7B | ||
| Q2 24 | $21.0B | $22.1B | ||
| Q1 24 | $20.6B | $22.3B |
负债/权益比AVBBFH
| Q4 25 | 0.80× | 1.29× | ||
| Q3 25 | 0.73× | 1.14× | ||
| Q2 25 | 0.72× | 1.34× | ||
| Q1 25 | 0.70× | 1.67× | ||
| Q4 24 | 0.68× | 1.82× | ||
| Q3 24 | 0.70× | 1.47× | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.68× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $1.7B | $568.0M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | — |
| 自由现金流率自由现金流/营收 | 183.5% | — |
| 资本支出强度资本支出/营收 | 34.1% | — |
| 现金转化率经营现金流/净利润 | 10.07× | — |
| 过去12个月自由现金流最近4个季度 | $2.5B | — |
8季度趋势，按日历期对齐
经营现金流AVBBFH
| Q4 25 | $1.7B | $568.0M | ||
| Q3 25 | $477.0M | $605.0M | ||
| Q2 25 | $377.8M | $526.0M | ||
| Q1 25 | $415.9M | $393.0M | ||
| Q4 24 | $1.6B | $479.0M | ||
| Q3 24 | $486.2M | $456.0M | ||
| Q2 24 | $380.0M | $477.0M | ||
| Q1 24 | $412.9M | $447.0M |
自由现金流AVBBFH
| Q4 25 | $1.4B | — | ||
| Q3 25 | $402.2M | — | ||
| Q2 25 | $317.1M | — | ||
| Q1 25 | $367.5M | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $434.2M | — | ||
| Q2 24 | $333.0M | — | ||
| Q1 24 | $375.4M | — |
自由现金流率AVBBFH
| Q4 25 | 183.5% | — | ||
| Q3 25 | 52.5% | — | ||
| Q2 25 | 41.7% | — | ||
| Q1 25 | 49.3% | — | ||
| Q4 24 | 191.0% | — | ||
| Q3 24 | 59.1% | — | ||
| Q2 24 | 45.9% | — | ||
| Q1 24 | 52.7% | — |
资本支出强度AVBBFH
| Q4 25 | 34.1% | — | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 7.1% | — | ||
| Q2 24 | 6.5% | — | ||
| Q1 24 | 5.3% | — |
现金转化率AVBBFH
| Q4 25 | 10.07× | — | ||
| Q3 25 | 1.25× | 3.22× | ||
| Q2 25 | 1.41× | 3.78× | ||
| Q1 25 | 1.76× | 2.85× | ||
| Q4 24 | 5.70× | — | ||
| Q3 24 | 1.31× | 228.00× | ||
| Q2 24 | 1.50× | 3.59× | ||
| Q1 24 | 2.38× | 3.34× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
