Company / Operating Margin
AvalonBay Communities Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
66.5%
FY2025
5-year range
63.5% / 66.5%
FY2021-FY2025
Trend
+1.4%
vs FY2024
Sector context
#8 of 70
Real Estate
What the data says
AvalonBay Communities's operating margin of 66.5% is higher than 89% of companies in the Real Estate sector (FY2025). Operating Margin remained relatively stable over the past 10 years, with values between 63.5% and 66.8%.
Based on SEC 10-K filings.
66.5% in FY2025 with a 5-year CAGR of +2.5%. Top quartile in the Real Estate sector.
Improved from 64.7% to 66.5% over the past 2 years.
Real Estate sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +0.9pp
- 5-Year Change
- +2.5pp
- 10-Year Change
- -
Sector benchmark
+142.5% above sector average
Key checks
Key Insights
- In FY2025, operating margin increased 1.4% year-over-year.
- Currently 39.1pp above the Real Estate sector average.
- Peak operating margin was recorded in FY2019.
- Lowest operating margin in the period was in FY2021.
Company context
Key Data Points
- Altman Z-Score 0.89 (distress zone, below 1.8 threshold)
- Strong profit margin: 38.8%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 66.5% | +1.4% |
| FY2024 | 65.5% | +1.3% |
| FY2023 | 64.7% | -1.4% |
| FY2022 | 65.6% | +3.3% |
| FY2021 | 63.5% | -0.8% |
| FY2020 | 64.0% | -4.2% |
| FY2019 | 66.8% | +2.7% |
| FY2018 | 65.0% | +0.3% |
| FY2017 | 64.8% | +0.9% |
| FY2016 | 64.3% | -1.9% |
As of FY2025 · SEC 10-K · Updated Mar 2, 2026