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Side-by-side financial comparison of Artisan Partners Asset Management Inc. (APAM) and Mid-America Apartment Communities (MAA). Click either name above to swap in a different company.
Mid-America Apartment Communities is the larger business by last-quarter revenue ($553.7M vs $335.5M, roughly 1.7× Artisan Partners Asset Management Inc.). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 12.9%). Over the past eight quarters, Artisan Partners Asset Management Inc.'s revenue compounded faster (12.7% CAGR vs 0.7%).
Artisan Partners is an American asset management company headquartered in Milwaukee, Wisconsin. Outside the United States, the company has offices in Dublin, Hong Kong, London, Singapore and Sydney.
Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.
APAM vs MAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $335.5M | $553.7M |
| Net Profit | $118.1M | — |
| Gross Margin | — | — |
| Operating Margin | 39.2% | — |
| Net Margin | 35.2% | — |
| Revenue YoY | 12.9% | 438.7% |
| Net Profit YoY | 34.9% | — |
| EPS (diluted) | $1.36 | $4.34 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $553.7M | ||
| Q4 25 | $335.5M | $555.6M | ||
| Q3 25 | $301.3M | $554.4M | ||
| Q2 25 | $282.7M | $549.9M | ||
| Q1 25 | $277.1M | $549.3M | ||
| Q4 24 | $297.1M | $549.8M | ||
| Q3 24 | $279.6M | $551.1M | ||
| Q2 24 | $270.8M | $546.4M |
| Q1 26 | — | — | ||
| Q4 25 | $118.1M | $57.6M | ||
| Q3 25 | $66.8M | $99.5M | ||
| Q2 25 | $67.6M | $108.1M | ||
| Q1 25 | $61.1M | $181.7M | ||
| Q4 24 | $87.5M | $166.6M | ||
| Q3 24 | $73.0M | $115.2M | ||
| Q2 24 | $57.6M | $102.0M |
| Q1 26 | — | — | ||
| Q4 25 | 39.2% | 10.4% | ||
| Q3 25 | 33.8% | 18.7% | ||
| Q2 25 | 28.2% | 20.2% | ||
| Q1 25 | 31.2% | 34.0% | ||
| Q4 24 | 36.7% | 31.3% | ||
| Q3 24 | 33.3% | 21.5% | ||
| Q2 24 | 32.0% | 19.3% |
| Q1 26 | — | — | ||
| Q4 25 | 35.2% | 10.4% | ||
| Q3 25 | 22.2% | 18.0% | ||
| Q2 25 | 23.9% | 19.7% | ||
| Q1 25 | 22.1% | 33.1% | ||
| Q4 24 | 29.5% | 30.3% | ||
| Q3 24 | 26.1% | 20.9% | ||
| Q2 24 | 21.3% | 18.7% |
| Q1 26 | — | $4.34 | ||
| Q4 25 | $1.36 | $0.48 | ||
| Q3 25 | $0.93 | $0.84 | ||
| Q2 25 | $0.94 | $0.92 | ||
| Q1 25 | $0.82 | $1.54 | ||
| Q4 24 | $0.99 | $1.43 | ||
| Q3 24 | $1.03 | $0.98 | ||
| Q2 24 | $0.80 | $0.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $190.0M | — |
| Stockholders' EquityBook value | $438.8M | — |
| Total Assets | $1.6B | — |
| Debt / EquityLower = less leverage | 0.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $60.3M | ||
| Q3 25 | — | $32.2M | ||
| Q2 25 | — | $54.5M | ||
| Q1 25 | — | $55.8M | ||
| Q4 24 | — | $43.0M | ||
| Q3 24 | — | $50.2M | ||
| Q2 24 | — | $62.8M |
| Q1 26 | — | — | ||
| Q4 25 | $190.0M | — | ||
| Q3 25 | $190.0M | — | ||
| Q2 25 | $200.0M | — | ||
| Q1 25 | $200.0M | — | ||
| Q4 24 | $200.0M | — | ||
| Q3 24 | $200.0M | — | ||
| Q2 24 | $200.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $438.8M | $5.7B | ||
| Q3 25 | $402.1M | $5.8B | ||
| Q2 25 | $381.8M | $5.9B | ||
| Q1 25 | $356.5M | $5.9B | ||
| Q4 24 | $388.9M | $5.9B | ||
| Q3 24 | $372.1M | $5.9B | ||
| Q2 24 | $341.2M | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $12.0B | ||
| Q3 25 | $1.6B | $11.9B | ||
| Q2 25 | $1.4B | $11.8B | ||
| Q1 25 | $1.4B | $11.8B | ||
| Q4 24 | $1.6B | $11.8B | ||
| Q3 24 | $1.6B | $11.8B | ||
| Q2 24 | $1.5B | $11.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.56× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.54× | — | ||
| Q2 24 | 0.59× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $172.0M | — |
| Free Cash FlowOCF − Capex | $171.6M | — |
| FCF MarginFCF / Revenue | 51.2% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | 1.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $420.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $172.0M | $261.7M | ||
| Q3 25 | $40.4M | $266.4M | ||
| Q2 25 | $50.9M | $353.4M | ||
| Q1 25 | $157.9M | $196.6M | ||
| Q4 24 | $372.8M | $239.1M | ||
| Q3 24 | $112.8M | $309.5M | ||
| Q2 24 | $75.9M | $349.4M |
| Q1 26 | — | — | ||
| Q4 25 | $171.6M | $158.6M | ||
| Q3 25 | $40.4M | $170.8M | ||
| Q2 25 | $50.9M | $264.5M | ||
| Q1 25 | $157.7M | $124.0M | ||
| Q4 24 | $371.3M | $152.6M | ||
| Q3 24 | $112.4M | $215.5M | ||
| Q2 24 | $75.2M | $259.7M |
| Q1 26 | — | — | ||
| Q4 25 | 51.2% | 28.5% | ||
| Q3 25 | 13.4% | 30.8% | ||
| Q2 25 | 18.0% | 48.1% | ||
| Q1 25 | 56.9% | 22.6% | ||
| Q4 24 | 125.0% | 27.8% | ||
| Q3 24 | 40.2% | 39.1% | ||
| Q2 24 | 27.8% | 47.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 18.6% | ||
| Q3 25 | 0.0% | 17.2% | ||
| Q2 25 | 0.0% | 16.2% | ||
| Q1 25 | 0.1% | 13.2% | ||
| Q4 24 | 0.5% | 15.7% | ||
| Q3 24 | 0.1% | 17.1% | ||
| Q2 24 | 0.2% | 16.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.46× | 4.55× | ||
| Q3 25 | 0.60× | 2.68× | ||
| Q2 25 | 0.75× | 3.27× | ||
| Q1 25 | 2.58× | 1.08× | ||
| Q4 24 | 4.26× | 1.43× | ||
| Q3 24 | 1.54× | 2.69× | ||
| Q2 24 | 1.32× | 3.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APAM
Segment breakdown not available.
MAA
| Same Store Communities | $517.0M | 93% |
| Non-Same Store Communities | $22.1M | 4% |
| Lease-up/Development Communities | $7.7M | 1% |
| Commercial Property/Land | $7.0M | 1% |
