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AvalonBay Communities（AVB）与Tyler Technologies（TYL）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Tyler Technologies的1.3倍（$767.9M vs $613.5M），AvalonBay Communities净利率更高（9040.6% vs 13.2%，领先9027.3%），Tyler Technologies同比增速更快（8.6% vs 3.7%），AvalonBay Communities自由现金流更多（$1.4B vs $2.0M），过去两年Tyler Technologies的营收复合增速更高（6.5% 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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
AVB vs TYL — 直观对比
营收规模更大
AVB
是对方的1.3倍
$613.5M
营收增速更快
TYL
高出4.9%
3.7%
净利率更高
AVB
高出9027.3%
13.2%
自由现金流更多
AVB
多$1.4B
$2.0M
两年增速更快
TYL
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $613.5M |
| 净利润 | $166.0M | $81.2M |
| 毛利率 | — | 48.3% |
| 营业利润率 | 64.2% | 16.3% |
| 净利率 | 9040.6% | 13.2% |
| 营收同比 | 3.7% | 8.6% |
| 净利润同比 | -41.2% | — |
| 每股收益（稀释后） | $1.18 | $1.88 |
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AVBTYL
| Q1 26 | — | $613.5M | ||
| Q4 25 | $767.9M | $575.2M | ||
| Q3 25 | $766.8M | $595.9M | ||
| Q2 25 | $760.2M | $596.1M | ||
| Q1 25 | $745.9M | $565.2M | ||
| Q4 24 | $740.5M | $541.1M | ||
| Q3 24 | $734.3M | $543.3M | ||
| Q2 24 | $726.0M | $541.0M |
净利润AVBTYL
| Q1 26 | — | $81.2M | ||
| Q4 25 | $166.0M | $65.5M | ||
| Q3 25 | $381.3M | $84.4M | ||
| Q2 25 | $268.7M | $84.6M | ||
| Q1 25 | $236.6M | $81.1M | ||
| Q4 24 | $282.1M | $65.2M | ||
| Q3 24 | $372.5M | $75.9M | ||
| Q2 24 | $253.9M | $67.7M |
毛利率AVBTYL
| Q1 26 | — | 48.3% | ||
| Q4 25 | — | 45.5% | ||
| Q3 25 | — | 47.2% | ||
| Q2 25 | — | 45.8% | ||
| Q1 25 | — | 47.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 44.0% |
营业利润率AVBTYL
| Q1 26 | — | 16.3% | ||
| Q4 25 | 64.2% | 13.0% | ||
| Q3 25 | 65.7% | 16.4% | ||
| Q2 25 | 67.6% | 16.0% | ||
| Q1 25 | 68.5% | 15.8% | ||
| Q4 24 | 63.1% | 13.2% | ||
| Q3 24 | 65.4% | 15.2% | ||
| Q2 24 | 66.6% | 14.4% |
净利率AVBTYL
| Q1 26 | — | 13.2% | ||
| Q4 25 | 9040.6% | 11.4% | ||
| Q3 25 | 49.7% | 14.2% | ||
| Q2 25 | 35.3% | 14.2% | ||
| Q1 25 | 31.7% | 14.3% | ||
| Q4 24 | 38.1% | 12.1% | ||
| Q3 24 | 50.7% | 14.0% | ||
| Q2 24 | 35.0% | 12.5% |
每股收益（稀释后）AVBTYL
| Q1 26 | — | $1.88 | ||
| Q4 25 | $1.18 | $1.50 | ||
| Q3 25 | $2.68 | $1.93 | ||
| Q2 25 | $1.88 | $1.93 | ||
| Q1 25 | $1.66 | $1.84 | ||
| Q4 24 | $1.99 | $1.48 | ||
| Q3 24 | $2.61 | $1.74 | ||
| Q2 24 | $1.78 | $1.57 |
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 | $346.4M |
| 总债务越低越好 | $9.3B | — |
| 股东权益账面价值 | $11.6B | $3.6B |
| 总资产 | $22.2B | $4.8B |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资AVBTYL
| Q1 26 | — | $346.4M | ||
| Q4 25 | $187.2M | $1.1B | ||
| Q3 25 | $123.3M | $950.8M | ||
| Q2 25 | $102.8M | $892.3M | ||
| Q1 25 | $53.3M | $807.4M | ||
| Q4 24 | $108.6M | $768.0M | ||
| Q3 24 | $552.4M | $544.3M | ||
| Q2 24 | $545.8M | $258.0M |
总债务AVBTYL
| Q1 26 | — | — | ||
| Q4 25 | $9.3B | $599.7M | ||
| Q3 25 | $8.7B | $599.2M | ||
| Q2 25 | $8.7B | $598.8M | ||
| Q1 25 | $8.3B | $598.4M | ||
| Q4 24 | $8.1B | $597.9M | ||
| Q3 24 | $8.4B | $597.5M | ||
| Q2 24 | $8.4B | $597.1M |
股东权益AVBTYL
| Q1 26 | — | $3.6B | ||
| Q4 25 | $11.6B | $3.7B | ||
| Q3 25 | $11.9B | $3.6B | ||
| Q2 25 | $11.9B | $3.6B | ||
| Q1 25 | $11.9B | $3.5B | ||
| Q4 24 | $11.9B | $3.4B | ||
| Q3 24 | $11.9B | $3.3B | ||
| Q2 24 | $11.7B | $3.1B |
总资产AVBTYL
| Q1 26 | — | $4.8B | ||
| Q4 25 | $22.2B | $5.6B | ||
| Q3 25 | $21.9B | $5.5B | ||
| Q2 25 | $21.8B | $5.4B | ||
| Q1 25 | $21.2B | $5.2B | ||
| Q4 24 | $21.0B | $5.2B | ||
| Q3 24 | $21.3B | $5.0B | ||
| Q2 24 | $21.0B | $4.8B |
负债/权益比AVBTYL
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 0.16× | ||
| Q3 25 | 0.73× | 0.17× | ||
| Q2 25 | 0.72× | 0.16× | ||
| Q1 25 | 0.70× | 0.17× | ||
| Q4 24 | 0.68× | 0.18× | ||
| Q3 24 | 0.70× | 0.18× | ||
| Q2 24 | 0.71× | 0.19× |
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 | $107.3M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $2.0M |
| 自由现金流率自由现金流/营收 | 183.5% | 0.3% |
| 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× | 1.32× |
| 过去12个月自由现金流最近4个季度 | $2.5B | $585.7M |
8季度趋势，按日历期对齐
经营现金流AVBTYL
| Q1 26 | — | $107.3M | ||
| Q4 25 | $1.7B | $243.9M | ||
| Q3 25 | $477.0M | $255.2M | ||
| Q2 25 | $377.8M | $98.3M | ||
| Q1 25 | $415.9M | $56.2M | ||
| Q4 24 | $1.6B | $224.8M | ||
| Q3 24 | $486.2M | $263.7M | ||
| Q2 24 | $380.0M | $64.3M |
自由现金流AVBTYL
| Q1 26 | — | $2.0M | ||
| Q4 25 | $1.4B | $239.6M | ||
| Q3 25 | $402.2M | $251.3M | ||
| Q2 25 | $317.1M | $92.8M | ||
| Q1 25 | $367.5M | $53.8M | ||
| Q4 24 | $1.4B | $221.0M | ||
| Q3 24 | $434.2M | $260.8M | ||
| Q2 24 | $333.0M | $57.7M |
自由现金流率AVBTYL
| Q1 26 | — | 0.3% | ||
| Q4 25 | 183.5% | 41.7% | ||
| Q3 25 | 52.5% | 42.2% | ||
| Q2 25 | 41.7% | 15.6% | ||
| Q1 25 | 49.3% | 9.5% | ||
| Q4 24 | 191.0% | 40.8% | ||
| Q3 24 | 59.1% | 48.0% | ||
| Q2 24 | 45.9% | 10.7% |
资本支出强度AVBTYL
| Q1 26 | — | — | ||
| Q4 25 | 34.1% | 0.8% | ||
| Q3 25 | 9.8% | 0.7% | ||
| Q2 25 | 8.0% | 0.9% | ||
| Q1 25 | 6.5% | 0.4% | ||
| Q4 24 | 26.1% | 0.7% | ||
| Q3 24 | 7.1% | 0.5% | ||
| Q2 24 | 6.5% | 1.2% |
现金转化率AVBTYL
| Q1 26 | — | 1.32× | ||
| Q4 25 | 10.07× | 3.72× | ||
| Q3 25 | 1.25× | 3.02× | ||
| Q2 25 | 1.41× | 1.16× | ||
| Q1 25 | 1.76× | 0.69× | ||
| Q4 24 | 5.70× | 3.45× | ||
| Q3 24 | 1.31× | 3.47× | ||
| Q2 24 | 1.50× | 0.95× |
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
TYL
| Subscriptions | $429.7M | 70% |
| Maintenance | $108.9M | 18% |
| Other | $74.9M | 12% |
