vs
AvalonBay Communities（AVB）与Dayforce（DAY）财务数据对比。点击上方公司名可切换其他公司
AvalonBay Communities的季度营收约是Dayforce的1.6倍（$767.9M vs $481.6M），AvalonBay Communities净利率更高（9040.6% vs -40.9%，领先9081.4%），Dayforce同比增速更快（9.5% vs 3.7%），过去两年Dayforce的营收复合增速更高（9.8% vs 3.8%）
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。
Dayforce前身为知名人力资源服务商Ceridian，是一家总部位于美国的人力资源软件及服务企业，面向各行业不同规模的客户提供覆盖薪酬核算、人员管理、考勤等多场景的HR SaaS产品及配套专业服务，助力企业提升人力资源运营效率。
AVB vs DAY — 直观对比
营收规模更大
AVB
是对方的1.6倍
$481.6M
营收增速更快
DAY
高出5.8%
3.7%
净利率更高
AVB
高出9081.4%
-40.9%
两年增速更快
DAY
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $481.6M |
| 净利润 | $166.0M | $-196.8M |
| 毛利率 | — | — |
| 营业利润率 | 64.2% | 6.3% |
| 净利率 | 9040.6% | -40.9% |
| 营收同比 | 3.7% | 9.5% |
| 净利润同比 | -41.2% | -9940.0% |
| 每股收益（稀释后） | $1.18 | $-1.23 |
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AVBDAY
| Q4 25 | $767.9M | — | ||
| Q3 25 | $766.8M | $481.6M | ||
| Q2 25 | $760.2M | $464.7M | ||
| Q1 25 | $745.9M | $481.8M | ||
| Q4 24 | $740.5M | $465.2M | ||
| Q3 24 | $734.3M | $440.0M | ||
| Q2 24 | $726.0M | $423.3M | ||
| Q1 24 | $712.9M | $431.5M |
净利润AVBDAY
| Q4 25 | $166.0M | — | ||
| Q3 25 | $381.3M | $-196.8M | ||
| Q2 25 | $268.7M | $21.3M | ||
| Q1 25 | $236.6M | $14.9M | ||
| Q4 24 | $282.1M | $10.8M | ||
| Q3 24 | $372.5M | $2.0M | ||
| Q2 24 | $253.9M | $-1.8M | ||
| Q1 24 | $173.4M | $7.1M |
毛利率AVBDAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 47.0% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 44.1% | ||
| Q1 24 | — | 47.6% |
营业利润率AVBDAY
| Q4 25 | 64.2% | — | ||
| Q3 25 | 65.7% | 6.3% | ||
| Q2 25 | 67.6% | 9.1% | ||
| Q1 25 | 68.5% | 6.4% | ||
| Q4 24 | 63.1% | 6.1% | ||
| Q3 24 | 65.4% | 4.7% | ||
| Q2 24 | 66.6% | 3.3% | ||
| Q1 24 | 67.2% | 9.4% |
净利率AVBDAY
| Q4 25 | 9040.6% | — | ||
| Q3 25 | 49.7% | -40.9% | ||
| Q2 25 | 35.3% | 4.6% | ||
| Q1 25 | 31.7% | 3.1% | ||
| Q4 24 | 38.1% | 2.3% | ||
| Q3 24 | 50.7% | 0.5% | ||
| Q2 24 | 35.0% | -0.4% | ||
| Q1 24 | 24.3% | 1.6% |
每股收益（稀释后）AVBDAY
| Q4 25 | $1.18 | — | ||
| Q3 25 | $2.68 | $-1.23 | ||
| Q2 25 | $1.88 | $0.13 | ||
| Q1 25 | $1.66 | $0.09 | ||
| Q4 24 | $1.99 | $0.07 | ||
| Q3 24 | $2.61 | $0.01 | ||
| Q2 24 | $1.78 | $-0.01 | ||
| Q1 24 | $1.22 | $0.04 |
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 | $627.6M |
| 总债务越低越好 | $9.3B | $631.1M |
| 股东权益账面价值 | $11.6B | $2.7B |
| 总资产 | $22.2B | $8.7B |
| 负债/权益比越低杠杆越低 | 0.80× | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资AVBDAY
| Q4 25 | $187.2M | — | ||
| Q3 25 | $123.3M | $627.6M | ||
| Q2 25 | $102.8M | $625.2M | ||
| Q1 25 | $53.3M | $557.3M | ||
| Q4 24 | $108.6M | $579.7M | ||
| Q3 24 | $552.4M | $494.1M | ||
| Q2 24 | $545.8M | $465.4M | ||
| Q1 24 | $287.9M | $392.5M |
总债务AVBDAY
| Q4 25 | $9.3B | — | ||
| Q3 25 | $8.7B | $631.1M | ||
| Q2 25 | $8.7B | $631.8M | ||
| Q1 25 | $8.3B | $632.4M | ||
| Q4 24 | $8.1B | $1.2B | ||
| Q3 24 | $8.4B | $1.2B | ||
| Q2 24 | $8.4B | $1.2B | ||
| Q1 24 | $8.0B | $1.2B |
股东权益AVBDAY
| Q4 25 | $11.6B | — | ||
| Q3 25 | $11.9B | $2.7B | ||
| Q2 25 | $11.9B | $2.7B | ||
| Q1 25 | $11.9B | $2.6B | ||
| Q4 24 | $11.9B | $2.5B | ||
| Q3 24 | $11.9B | $2.6B | ||
| Q2 24 | $11.7B | $2.5B | ||
| Q1 24 | $11.7B | $2.4B |
总资产AVBDAY
| Q4 25 | $22.2B | — | ||
| Q3 25 | $21.9B | $8.7B | ||
| Q2 25 | $21.8B | $8.5B | ||
| Q1 25 | $21.2B | $9.5B | ||
| Q4 24 | $21.0B | $9.1B | ||
| Q3 24 | $21.3B | $8.1B | ||
| Q2 24 | $21.0B | $9.0B | ||
| Q1 24 | $20.6B | $10.8B |
负债/权益比AVBDAY
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.73× | 0.23× | ||
| Q2 25 | 0.72× | 0.23× | ||
| Q1 25 | 0.70× | 0.24× | ||
| Q4 24 | 0.68× | 0.47× | ||
| Q3 24 | 0.70× | 0.47× | ||
| Q2 24 | 0.71× | 0.49× | ||
| Q1 24 | 0.68× | 0.50× |
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 | $31.2M |
| 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AVBDAY
| Q4 25 | $1.7B | — | ||
| Q3 25 | $477.0M | $31.2M | ||
| Q2 25 | $377.8M | $112.7M | ||
| Q1 25 | $415.9M | $49.6M | ||
| Q4 24 | $1.6B | $81.0M | ||
| Q3 24 | $486.2M | $91.8M | ||
| Q2 24 | $380.0M | $99.2M | ||
| Q1 24 | $412.9M | $9.1M |
自由现金流AVBDAY
| 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AVBDAY
| 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AVBDAY
| 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AVBDAY
| Q4 25 | 10.07× | — | ||
| Q3 25 | 1.25× | — | ||
| Q2 25 | 1.41× | 5.29× | ||
| Q1 25 | 1.76× | 3.33× | ||
| Q4 24 | 5.70× | 7.50× | ||
| Q3 24 | 1.31× | 45.90× | ||
| Q2 24 | 1.50× | — | ||
| Q1 24 | 2.38× | 1.28× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AVB
暂无分部数据
DAY
| Dayforce Recurring | $333.0M | 69% |
| Cloud And Bureau Professional Services And Other | $78.5M | 16% |
| Float | $42.2M | 9% |
| Powerpay Recurring | $19.7M | 4% |
| Other Recurring | $8.2M | 2% |
