tradmap

AVB Financials AvalonBay Communities

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 13.0% per year over the past 5 years.
  • Net income has grown slower than revenue (5.0% vs 13.0% per year).
  • Operating margin has contracted, at 28698.5% in the latest year.
  • Free cash flow has grown 8.4% per year over the past 5 years.

Financial health

  • Total debt ($10.1B) exceeds cash ($187M); net debt is $9.9B.
  • Total debt has grown slower than revenue (5.7% vs 13.0% per year).
  • Operating income covered interest expense 7.8× in the latest year, up from 6.9× 5 years ago.
  • Total debt is 5.0× EBITDA.
Revenue & net income
$0 $568M $1B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 23620% 47240% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $658M $1B 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $5B $10B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$2B $102M $2B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $7M $1.1B 0.0% 28698.5% — $10.1B $187M
2024 $7M $1.1B 0.0% 26974.7% — $8.1B $109M
2023 $8M $928M 0.0% 23190.7% — $8.0B $398M
2022 $6M $1.1B 0.0% 26865.9% — $8.3B $613M
2021 $3M $1.0B 0.0% 47239.8% — $8.1B $420M
2020 $4M $828M 0.0% 38555.1% — $7.6B $217M
2019 $5M $786M 0.0% 31288.1% $1.3B $7.4B $40M
2018 $4M $974M 0.0% 41577.0% $1.3B $7.1B $92M
2017 $4M $877M 0.0% 33734.7% $1.2B $7.4B $67M
2016 $6M $1.0B 0.0% 23468.2% $1.2B $7.1B $215M
2015 — $742M — — $1.1B $6.5B $401M
2014 — $697M — — $881M $6.4B $509M
2013 — $353M — — $722M $6.0B $281M
2012 — $424M — — $538M $3.9B $2.7B
2011 — $441M — — $421M $3.6B $617M

Valuation over time

How the market has priced AVB against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 17.6 35.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 2221.5 4442.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is AVB growing its revenue and profit?

Over the past 5 years, AvalonBay Communities's revenue has grown 13.0% per year, and net income grown 5.0% per year. These are computed facts, not advice.

How much debt does AVB have?

As of FY2025, AvalonBay Communities reported $10.1B of total debt against $187M of cash; operating income covered interest expense 7.8×.

What is AVB's profit margin?

In FY2025, gross margin was —, operating margin 28698.5%, and net margin 15004.2%.

What is AVB's P/E ratio?

As of Jun '26, AvalonBay Communities traded at a price-to-earnings ratio of about 24.5× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.