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Side-by-side financial comparison of APOGEE ENTERPRISES, INC. (APOG) 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 ($555.6M vs $348.6M, roughly 1.6× APOGEE ENTERPRISES, INC.). Mid-America Apartment Communities runs the higher net margin — 10.4% vs 4.7%, a 5.6% gap on every dollar of revenue. On growth, APOGEE ENTERPRISES, INC. posted the faster year-over-year revenue change (2.1% vs 1.0%). Mid-America Apartment Communities produced more free cash flow last quarter ($158.6M vs $22.9M). Over the past eight quarters, Mid-America Apartment Communities's revenue compounded faster (1.1% CAGR vs -1.9%).
Apogee Electronics is an American manufacturer of audio interfaces, analog-to-digital and digital-to-analog converters, USB & iOS microphones, and audio production software.
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.
APOG vs MAA — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $348.6M | $555.6M |
| Net Profit | $16.5M | $57.6M |
| Gross Margin | 23.8% | — |
| Operating Margin | 7.1% | 10.4% |
| Net Margin | 4.7% | 10.4% |
| Revenue YoY | 2.1% | 1.0% |
| Net Profit YoY | -21.2% | -65.5% |
| EPS (diluted) | $0.77 | $0.48 |
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.
| Q4 25 | $348.6M | $555.6M | ||
| Q3 25 | $358.2M | $554.4M | ||
| Q2 25 | $346.6M | $549.9M | ||
| Q1 25 | $345.7M | $549.3M | ||
| Q4 24 | $341.3M | $549.8M | ||
| Q3 24 | $342.4M | $551.1M | ||
| Q2 24 | $331.5M | $546.4M | ||
| Q1 24 | $361.8M | $543.6M |
| Q4 25 | $16.5M | $57.6M | ||
| Q3 25 | $23.6M | $99.5M | ||
| Q2 25 | $-2.7M | $108.1M | ||
| Q1 25 | $2.5M | $181.7M | ||
| Q4 24 | $21.0M | $166.6M | ||
| Q3 24 | $30.6M | $115.2M | ||
| Q2 24 | $31.0M | $102.0M | ||
| Q1 24 | $15.7M | $143.7M |
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | — | ||
| Q1 24 | 24.4% | — |
| Q4 25 | 7.1% | 10.4% | ||
| Q3 25 | 7.5% | 18.7% | ||
| Q2 25 | 2.0% | 20.2% | ||
| Q1 25 | 1.8% | 34.0% | ||
| Q4 24 | 8.4% | 31.3% | ||
| Q3 24 | 12.3% | 21.5% | ||
| Q2 24 | 12.5% | 19.3% | ||
| Q1 24 | 6.0% | 27.4% |
| Q4 25 | 4.7% | 10.4% | ||
| Q3 25 | 6.6% | 18.0% | ||
| Q2 25 | -0.8% | 19.7% | ||
| Q1 25 | 0.7% | 33.1% | ||
| Q4 24 | 6.1% | 30.3% | ||
| Q3 24 | 8.9% | 20.9% | ||
| Q2 24 | 9.4% | 18.7% | ||
| Q1 24 | 4.3% | 26.4% |
| Q4 25 | $0.77 | $0.48 | ||
| Q3 25 | $1.10 | $0.84 | ||
| Q2 25 | $-0.13 | $0.92 | ||
| Q1 25 | $0.12 | $1.54 | ||
| Q4 24 | $0.96 | $1.43 | ||
| Q3 24 | $1.40 | $0.98 | ||
| Q2 24 | $1.41 | $0.86 | ||
| Q1 24 | $0.71 | $1.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.3M | $60.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $512.3M | $5.7B |
| Total Assets | $1.1B | $12.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.3M | $60.3M | ||
| Q3 25 | $39.5M | $32.2M | ||
| Q2 25 | $32.8M | $54.5M | ||
| Q1 25 | $41.4M | $55.8M | ||
| Q4 24 | $43.9M | $43.0M | ||
| Q3 24 | $51.0M | $50.2M | ||
| Q2 24 | $30.4M | $62.8M | ||
| Q1 24 | $37.2M | $54.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $62.0M | — |
| Q4 25 | $512.3M | $5.7B | ||
| Q3 25 | $500.2M | $5.8B | ||
| Q2 25 | $481.8M | $5.9B | ||
| Q1 25 | $487.9M | $5.9B | ||
| Q4 24 | $522.1M | $5.9B | ||
| Q3 24 | $506.4M | $5.9B | ||
| Q2 24 | $480.0M | $6.0B | ||
| Q1 24 | $471.0M | $6.1B |
| Q4 25 | $1.1B | $12.0B | ||
| Q3 25 | $1.2B | $11.9B | ||
| Q2 25 | $1.2B | $11.8B | ||
| Q1 25 | $1.2B | $11.8B | ||
| Q4 24 | $1.2B | $11.8B | ||
| Q3 24 | $917.1M | $11.8B | ||
| Q2 24 | $889.0M | $11.6B | ||
| Q1 24 | $884.1M | $11.5B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.13× | — |
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 | $29.3M | $261.7M |
| Free Cash FlowOCF − Capex | $22.9M | $158.6M |
| FCF MarginFCF / Revenue | 6.6% | 28.5% |
| Capex IntensityCapex / Revenue | 1.9% | 18.6% |
| Cash ConversionOCF / Net Profit | 1.77× | 4.55× |
| TTM Free Cash FlowTrailing 4 quarters | $67.4M | $717.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $261.7M | ||
| Q3 25 | $57.1M | $266.4M | ||
| Q2 25 | $-19.8M | $353.4M | ||
| Q1 25 | $30.0M | $196.6M | ||
| Q4 24 | $31.0M | $239.1M | ||
| Q3 24 | $58.7M | $309.5M | ||
| Q2 24 | $5.5M | $349.4M | ||
| Q1 24 | $74.9M | $200.3M |
| Q4 25 | $22.9M | $158.6M | ||
| Q3 25 | $52.4M | $170.8M | ||
| Q2 25 | $-26.9M | $264.5M | ||
| Q1 25 | $19.1M | $124.0M | ||
| Q4 24 | $22.0M | $152.6M | ||
| Q3 24 | $50.2M | $215.5M | ||
| Q2 24 | $-1.8M | $259.7M | ||
| Q1 24 | $58.7M | $148.2M |
| Q4 25 | 6.6% | 28.5% | ||
| Q3 25 | 14.6% | 30.8% | ||
| Q2 25 | -7.8% | 48.1% | ||
| Q1 25 | 5.5% | 22.6% | ||
| Q4 24 | 6.4% | 27.8% | ||
| Q3 24 | 14.7% | 39.1% | ||
| Q2 24 | -0.5% | 47.5% | ||
| Q1 24 | 16.2% | 27.3% |
| Q4 25 | 1.9% | 18.6% | ||
| Q3 25 | 1.3% | 17.2% | ||
| Q2 25 | 2.1% | 16.2% | ||
| Q1 25 | 3.2% | 13.2% | ||
| Q4 24 | 2.6% | 15.7% | ||
| Q3 24 | 2.5% | 17.1% | ||
| Q2 24 | 2.2% | 16.4% | ||
| Q1 24 | 4.5% | 9.6% |
| Q4 25 | 1.77× | 4.55× | ||
| Q3 25 | 2.41× | 2.68× | ||
| Q2 25 | — | 3.27× | ||
| Q1 25 | 12.08× | 1.08× | ||
| Q4 24 | 1.48× | 1.43× | ||
| Q3 24 | 1.92× | 2.69× | ||
| Q2 24 | 0.18× | 3.43× | ||
| Q1 24 | 4.76× | 1.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APOG
| Transferred At Point In Time | $163.0M | 47% |
| Architectural Services Segment | $105.2M | 30% |
| Performance Surfaces | $53.0M | 15% |
| UW Interco LLC | $27.9M | 8% |
MAA
| Same Store | $515.5M | 93% |
| Non Same Store And Other | $36.8M | 7% |
