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Side-by-side financial comparison of Apple Hospitality REIT, Inc. (APLE) and MediaAlpha, Inc. (MAX). Click either name above to swap in a different company.

Apple Hospitality REIT, Inc. is the larger business by last-quarter revenue ($326.4M vs $310.0M, roughly 1.1× MediaAlpha, Inc.). Apple Hospitality REIT, Inc. runs the higher net margin — 9.1% vs 4.5%, a 4.5% gap on every dollar of revenue. On growth, MediaAlpha, Inc. posted the faster year-over-year revenue change (17.3% vs -2.0%). Over the past eight quarters, MediaAlpha, Inc.'s revenue compounded faster (31.9% CAGR vs -0.5%).

Ryman Hospitality Properties, Inc. is a hotel, resort, entertainment, and media company named for one of its assets: the Ryman Auditorium, a National Historic Landmark in Nashville, Tennessee. The company's legal lineage can be traced back to its time as a subsidiary of Edward Gaylord's Oklahoma Publishing Company; however, the backbone of the modern entity was formed with the company's acquisition of WSM, Inc. in 1983. This purchase resulted in the ownership of the Grand Ole Opry and associa...

Alpha Group Co., Ltd. is a Chinese multinational conglomerate with animation, toy, mass media asset and entertainment company headquartered created by Cai Dongqing in 1993. In 2016, it changed its name from Alpha Animation. The company has a Chinese webcomics site, U17, and also an American film company, Alpha Pictures, and has announced the creation of an animation division also based in the United States.

APLE vs MAX — Head-to-Head

Bigger by revenue
APLE
APLE
1.1× larger
APLE
$326.4M
$310.0M
MAX
Growing faster (revenue YoY)
MAX
MAX
+19.3% gap
MAX
17.3%
-2.0%
APLE
Higher net margin
APLE
APLE
4.5% more per $
APLE
9.1%
4.5%
MAX
Faster 2-yr revenue CAGR
MAX
MAX
Annualised
MAX
31.9%
-0.5%
APLE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
APLE
APLE
MAX
MAX
Revenue
$326.4M
$310.0M
Net Profit
$29.6M
$14.0M
Gross Margin
37.2%
15.1%
Operating Margin
15.2%
7.2%
Net Margin
9.1%
4.5%
Revenue YoY
-2.0%
17.3%
Net Profit YoY
-0.7%
701.8%
EPS (diluted)
$0.13

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.

Revenue
APLE
APLE
MAX
MAX
Q1 26
$310.0M
Q4 25
$326.4M
$291.2M
Q3 25
$373.9M
$306.5M
Q2 25
$384.4M
$251.6M
Q1 25
$327.7M
$264.3M
Q4 24
$333.0M
$300.6M
Q3 24
$378.8M
$259.1M
Q2 24
$390.1M
$178.3M
Net Profit
APLE
APLE
MAX
MAX
Q1 26
$14.0M
Q4 25
$29.6M
$31.4M
Q3 25
$50.9M
$14.9M
Q2 25
$63.6M
$-18.7M
Q1 25
$31.2M
$-1.9M
Q4 24
$29.8M
$4.6M
Q3 24
$56.3M
$9.5M
Q2 24
$73.9M
$3.6M
Gross Margin
APLE
APLE
MAX
MAX
Q1 26
15.1%
Q4 25
37.2%
15.4%
Q3 25
40.6%
14.2%
Q2 25
42.6%
15.0%
Q1 25
39.0%
15.8%
Q4 24
38.6%
16.3%
Q3 24
41.9%
15.1%
Q2 24
44.6%
17.8%
Operating Margin
APLE
APLE
MAX
MAX
Q1 26
7.2%
Q4 25
15.2%
7.7%
Q3 25
19.4%
6.4%
Q2 25
22.1%
-8.0%
Q1 25
15.5%
0.0%
Q4 24
15.0%
6.1%
Q3 24
20.5%
6.0%
Q2 24
24.0%
3.6%
Net Margin
APLE
APLE
MAX
MAX
Q1 26
4.5%
Q4 25
9.1%
10.8%
Q3 25
13.6%
4.9%
Q2 25
16.6%
-7.4%
Q1 25
9.5%
-0.7%
Q4 24
9.0%
1.5%
Q3 24
14.9%
3.7%
Q2 24
19.0%
2.0%
EPS (diluted)
APLE
APLE
MAX
MAX
Q1 26
Q4 25
$0.13
$0.50
Q3 25
$0.21
$0.26
Q2 25
$0.27
$-0.33
Q1 25
$0.13
$-0.04
Q4 24
$0.13
$0.09
Q3 24
$0.23
$0.17
Q2 24
$0.31
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APLE
APLE
MAX
MAX
Cash + ST InvestmentsLiquidity on hand
$8.5M
$26.1M
Total DebtLower is stronger
$1.5B
$163.5M
Stockholders' EquityBook value
$3.1B
Total Assets
$4.9B
$367.7M
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLE
APLE
MAX
MAX
Q1 26
$26.1M
Q4 25
$8.5M
$46.9M
Q3 25
$50.3M
$38.8M
Q2 25
$7.9M
$85.4M
Q1 25
$14.9M
$63.6M
Q4 24
$10.3M
$43.3M
Q3 24
$6.1M
$32.3M
Q2 24
$7.2M
$28.7M
Total Debt
APLE
APLE
MAX
MAX
Q1 26
$163.5M
Q4 25
$1.5B
$153.4M
Q3 25
$1.5B
$155.7M
Q2 25
$1.5B
$158.0M
Q1 25
$1.5B
$160.2M
Q4 24
$1.5B
$162.4M
Q3 24
$1.5B
$164.7M
Q2 24
$1.5B
$166.9M
Stockholders' Equity
APLE
APLE
MAX
MAX
Q1 26
Q4 25
$3.1B
$4.2M
Q3 25
$3.2B
$-29.8M
Q2 25
$3.2B
$-3.8M
Q1 25
$3.2B
$7.9M
Q4 24
$3.3B
$2.4M
Q3 24
$3.3B
$-8.4M
Q2 24
$3.3B
$-24.4M
Total Assets
APLE
APLE
MAX
MAX
Q1 26
$367.7M
Q4 25
$4.9B
$383.8M
Q3 25
$4.9B
$266.2M
Q2 25
$4.9B
$249.4M
Q1 25
$4.9B
$240.0M
Q4 24
$5.0B
$262.4M
Q3 24
$5.0B
$236.1M
Q2 24
$5.1B
$198.2M
Debt / Equity
APLE
APLE
MAX
MAX
Q1 26
Q4 25
0.49×
36.88×
Q3 25
0.47×
Q2 25
0.48×
Q1 25
0.48×
20.23×
Q4 24
0.45×
68.31×
Q3 24
0.46×
Q2 24
0.46×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APLE
APLE
MAX
MAX
Operating Cash FlowLast quarter
$370.2M
Free Cash FlowOCF − Capex
$282.0M
FCF MarginFCF / Revenue
86.4%
Capex IntensityCapex / Revenue
27.0%
Cash ConversionOCF / Net Profit
12.50×
TTM Free Cash FlowTrailing 4 quarters
$516.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APLE
APLE
MAX
MAX
Q1 26
Q4 25
$370.2M
$-7.4M
Q3 25
$126.4M
$23.6M
Q2 25
$108.8M
$25.7M
Q1 25
$49.1M
$23.7M
Q4 24
$405.4M
$14.5M
Q3 24
$128.2M
$8.1M
Q2 24
$127.3M
$21.6M
Free Cash Flow
APLE
APLE
MAX
MAX
Q1 26
Q4 25
$282.0M
$-7.5M
Q3 25
$109.0M
$23.6M
Q2 25
$96.2M
$25.5M
Q1 25
$29.5M
$23.6M
Q4 24
$327.1M
$14.5M
Q3 24
$113.1M
$8.0M
Q2 24
$115.0M
$21.5M
FCF Margin
APLE
APLE
MAX
MAX
Q1 26
Q4 25
86.4%
-2.6%
Q3 25
29.2%
7.7%
Q2 25
25.0%
10.2%
Q1 25
9.0%
8.9%
Q4 24
98.2%
4.8%
Q3 24
29.9%
3.1%
Q2 24
29.5%
12.0%
Capex Intensity
APLE
APLE
MAX
MAX
Q1 26
Q4 25
27.0%
0.0%
Q3 25
4.7%
0.0%
Q2 25
3.3%
0.1%
Q1 25
6.0%
0.0%
Q4 24
23.5%
0.0%
Q3 24
4.0%
0.0%
Q2 24
3.2%
0.1%
Cash Conversion
APLE
APLE
MAX
MAX
Q1 26
Q4 25
12.50×
-0.24×
Q3 25
2.49×
1.58×
Q2 25
1.71×
Q1 25
1.57×
Q4 24
13.59×
3.13×
Q3 24
2.28×
0.85×
Q2 24
1.72×
5.97×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APLE
APLE

Occupancy$293.0M90%
Hotel Other$17.2M5%
Food And Beverage$16.3M5%

MAX
MAX

Segment breakdown not available.

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