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Side-by-side financial comparison of ESAB Corp (ESAB) and Mid-America Apartment Communities (MAA). Click either name above to swap in a different company.
ESAB Corp is the larger business by last-quarter revenue ($727.8M vs $553.7M, roughly 1.3× Mid-America Apartment Communities). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 8.5%). Over the past eight quarters, ESAB Corp's revenue compounded faster (2.8% CAGR vs 0.7%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
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.
ESAB vs MAA — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $553.7M |
| Net Profit | $54.8M | — |
| Gross Margin | 37.0% | — |
| Operating Margin | 14.6% | — |
| Net Margin | 7.5% | — |
| Revenue YoY | 8.5% | 438.7% |
| Net Profit YoY | 2.1% | — |
| EPS (diluted) | $0.90 | $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 | $727.8M | $555.6M | ||
| Q3 25 | $715.6M | $554.4M | ||
| Q2 25 | $678.1M | $549.9M | ||
| Q1 25 | — | $549.3M | ||
| Q4 24 | $670.8M | $549.8M | ||
| Q3 24 | $673.3M | $551.1M | ||
| Q2 24 | $707.1M | $546.4M |
| Q1 26 | — | — | ||
| Q4 25 | $54.8M | $57.6M | ||
| Q3 25 | $66.9M | $99.5M | ||
| Q2 25 | $67.4M | $108.1M | ||
| Q1 25 | — | $181.7M | ||
| Q4 24 | $53.7M | $166.6M | ||
| Q3 24 | $68.2M | $115.2M | ||
| Q2 24 | $82.9M | $102.0M |
| Q1 26 | — | — | ||
| Q4 25 | 37.0% | — | ||
| Q3 25 | 37.2% | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 38.5% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 38.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 14.6% | 10.4% | ||
| Q3 25 | 15.2% | 18.7% | ||
| Q2 25 | 16.2% | 20.2% | ||
| Q1 25 | — | 34.0% | ||
| Q4 24 | 16.6% | 31.3% | ||
| Q3 24 | 15.7% | 21.5% | ||
| Q2 24 | 16.9% | 19.3% |
| Q1 26 | — | — | ||
| Q4 25 | 7.5% | 10.4% | ||
| Q3 25 | 9.3% | 18.0% | ||
| Q2 25 | 9.9% | 19.7% | ||
| Q1 25 | — | 33.1% | ||
| Q4 24 | 8.0% | 30.3% | ||
| Q3 24 | 10.1% | 20.9% | ||
| Q2 24 | 11.7% | 18.7% |
| Q1 26 | — | $4.34 | ||
| Q4 25 | $0.90 | $0.48 | ||
| Q3 25 | $1.09 | $0.84 | ||
| Q2 25 | $1.10 | $0.92 | ||
| Q1 25 | — | $1.54 | ||
| Q4 24 | $0.87 | $1.43 | ||
| Q3 24 | $1.11 | $0.98 | ||
| Q2 24 | $1.35 | $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 | $218.2M | — |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $2.1B | — |
| Total Assets | $4.9B | — |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $218.2M | $60.3M | ||
| Q3 25 | $258.2M | $32.2M | ||
| Q2 25 | $291.3M | $54.5M | ||
| Q1 25 | — | $55.8M | ||
| Q4 24 | $249.4M | $43.0M | ||
| Q3 24 | $253.7M | $50.2M | ||
| Q2 24 | $228.5M | $62.8M |
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $5.7B | ||
| Q3 25 | $2.1B | $5.8B | ||
| Q2 25 | $1.9B | $5.9B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | $1.8B | $5.9B | ||
| Q3 24 | $1.8B | $5.9B | ||
| Q2 24 | $1.7B | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | $4.9B | $12.0B | ||
| Q3 25 | $4.4B | $11.9B | ||
| Q2 25 | $4.2B | $11.8B | ||
| Q1 25 | — | $11.8B | ||
| Q4 24 | $4.0B | $11.8B | ||
| Q3 24 | $4.1B | $11.8B | ||
| Q2 24 | $4.0B | $11.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.60× | — | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | 0.63× | — |
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 | $81.5M | — |
| Free Cash FlowOCF − Capex | $70.3M | — |
| FCF MarginFCF / Revenue | 9.7% | — |
| Capex IntensityCapex / Revenue | 1.5% | — |
| Cash ConversionOCF / Net Profit | 1.49× | — |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $81.5M | $261.7M | ||
| Q3 25 | $46.6M | $266.4M | ||
| Q2 25 | $35.4M | $353.4M | ||
| Q1 25 | — | $196.6M | ||
| Q4 24 | $126.9M | $239.1M | ||
| Q3 24 | $101.0M | $309.5M | ||
| Q2 24 | $83.0M | $349.4M |
| Q1 26 | — | — | ||
| Q4 25 | $70.3M | $158.6M | ||
| Q3 25 | $37.4M | $170.8M | ||
| Q2 25 | $28.1M | $264.5M | ||
| Q1 25 | — | $124.0M | ||
| Q4 24 | $102.2M | $152.6M | ||
| Q3 24 | $90.4M | $215.5M | ||
| Q2 24 | $74.0M | $259.7M |
| Q1 26 | — | — | ||
| Q4 25 | 9.7% | 28.5% | ||
| Q3 25 | 5.2% | 30.8% | ||
| Q2 25 | 4.1% | 48.1% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | 15.2% | 27.8% | ||
| Q3 24 | 13.4% | 39.1% | ||
| Q2 24 | 10.5% | 47.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 18.6% | ||
| Q3 25 | 1.3% | 17.2% | ||
| Q2 25 | 1.1% | 16.2% | ||
| Q1 25 | — | 13.2% | ||
| Q4 24 | 3.7% | 15.7% | ||
| Q3 24 | 1.6% | 17.1% | ||
| Q2 24 | 1.3% | 16.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.49× | 4.55× | ||
| Q3 25 | 0.70× | 2.68× | ||
| Q2 25 | 0.53× | 3.27× | ||
| Q1 25 | — | 1.08× | ||
| Q4 24 | 2.36× | 1.43× | ||
| Q3 24 | 1.48× | 2.69× | ||
| Q2 24 | 1.00× | 3.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
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% |
