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Side-by-side financial comparison of EXELIXIS, INC. (EXEL) and Mid-America Apartment Communities (MAA). Click either name above to swap in a different company.
EXELIXIS, INC. is the larger business by last-quarter revenue ($598.7M vs $553.7M, roughly 1.1× Mid-America Apartment Communities). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 5.6%). Over the past eight quarters, EXELIXIS, INC.'s revenue compounded faster (18.7% CAGR vs 0.7%).
Exelixis, Inc. is a genomics-based drug discovery company located in Alameda, California, and the producer of Cometriq, a treatment approved by the U.S. Food and Drug Administration (FDA) for medullary thyroid cancer with clinical activity in several other types of metastatic cancer.
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.
EXEL vs MAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $598.7M | $553.7M |
| Net Profit | $244.5M | — |
| Gross Margin | 95.6% | — |
| Operating Margin | 39.3% | — |
| Net Margin | 40.8% | — |
| Revenue YoY | 5.6% | 438.7% |
| Net Profit YoY | 74.8% | — |
| EPS (diluted) | $0.89 | $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 | $598.7M | $553.7M | ||
| Q4 25 | $597.8M | $555.6M | ||
| Q3 25 | $568.3M | $554.4M | ||
| Q2 25 | $555.4M | $549.9M | ||
| Q1 25 | $566.8M | $549.3M | ||
| Q4 24 | — | $549.8M | ||
| Q3 24 | $539.5M | $551.1M | ||
| Q2 24 | $637.2M | $546.4M |
| Q1 26 | $244.5M | — | ||
| Q4 25 | $193.6M | $57.6M | ||
| Q3 25 | $184.8M | $99.5M | ||
| Q2 25 | $159.6M | $108.1M | ||
| Q1 25 | $139.9M | $181.7M | ||
| Q4 24 | — | $166.6M | ||
| Q3 24 | $118.0M | $115.2M | ||
| Q2 24 | $226.1M | $102.0M |
| Q1 26 | 95.6% | — | ||
| Q4 25 | 96.9% | — | ||
| Q3 25 | 96.6% | — | ||
| Q2 25 | 96.5% | — | ||
| Q1 25 | 96.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 96.8% | — | ||
| Q2 24 | 97.2% | — |
| Q1 26 | 39.3% | — | ||
| Q4 25 | 39.6% | 10.4% | ||
| Q3 25 | 37.6% | 18.7% | ||
| Q2 25 | 33.6% | 20.2% | ||
| Q1 25 | 28.8% | 34.0% | ||
| Q4 24 | — | 31.3% | ||
| Q3 24 | 25.2% | 21.5% | ||
| Q2 24 | 43.3% | 19.3% |
| Q1 26 | 40.8% | — | ||
| Q4 25 | 32.4% | 10.4% | ||
| Q3 25 | 32.5% | 18.0% | ||
| Q2 25 | 28.7% | 19.7% | ||
| Q1 25 | 24.7% | 33.1% | ||
| Q4 24 | — | 30.3% | ||
| Q3 24 | 21.9% | 20.9% | ||
| Q2 24 | 35.5% | 18.7% |
| Q1 26 | $0.89 | $4.34 | ||
| Q4 25 | $0.69 | $0.48 | ||
| Q3 25 | $0.65 | $0.84 | ||
| Q2 25 | $0.55 | $0.92 | ||
| Q1 25 | $0.47 | $1.54 | ||
| Q4 24 | — | $1.43 | ||
| Q3 24 | $0.40 | $0.98 | ||
| Q2 24 | $0.77 | $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 | $1.1B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.2B | — |
| Total Assets | $2.8B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.1B | — | ||
| Q4 25 | $988.5M | $60.3M | ||
| Q3 25 | $791.1M | $32.2M | ||
| Q2 25 | $1.0B | $54.5M | ||
| Q1 25 | $1.1B | $55.8M | ||
| Q4 24 | — | $43.0M | ||
| Q3 24 | $1.2B | $50.2M | ||
| Q2 24 | $1.0B | $62.8M |
| Q1 26 | $2.2B | — | ||
| Q4 25 | $2.2B | $5.7B | ||
| Q3 25 | $2.0B | $5.8B | ||
| Q2 25 | $2.1B | $5.9B | ||
| Q1 25 | $2.2B | $5.9B | ||
| Q4 24 | — | $5.9B | ||
| Q3 24 | $2.3B | $5.9B | ||
| Q2 24 | $2.1B | $6.0B |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $12.0B | ||
| Q3 25 | $2.7B | $11.9B | ||
| Q2 25 | $2.8B | $11.8B | ||
| Q1 25 | $2.9B | $11.8B | ||
| Q4 24 | — | $11.8B | ||
| Q3 24 | $3.0B | $11.8B | ||
| Q2 24 | $2.8B | $11.6B |
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 | $333.5M | — |
| Free Cash FlowOCF − Capex | $332.4M | — |
| FCF MarginFCF / Revenue | 55.5% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 1.36× | — |
| TTM Free Cash FlowTrailing 4 quarters | $875.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $333.5M | — | ||
| Q4 25 | $290.3M | $261.7M | ||
| Q3 25 | $49.0M | $266.4M | ||
| Q2 25 | $211.4M | $353.4M | ||
| Q1 25 | $240.3M | $196.6M | ||
| Q4 24 | — | $239.1M | ||
| Q3 24 | $271.3M | $309.5M | ||
| Q2 24 | $119.5M | $349.4M |
| Q1 26 | $332.4M | — | ||
| Q4 25 | $288.8M | $158.6M | ||
| Q3 25 | $46.2M | $170.8M | ||
| Q2 25 | $208.5M | $264.5M | ||
| Q1 25 | $236.3M | $124.0M | ||
| Q4 24 | — | $152.6M | ||
| Q3 24 | $263.1M | $215.5M | ||
| Q2 24 | $113.0M | $259.7M |
| Q1 26 | 55.5% | — | ||
| Q4 25 | 48.3% | 28.5% | ||
| Q3 25 | 8.1% | 30.8% | ||
| Q2 25 | 37.5% | 48.1% | ||
| Q1 25 | 41.7% | 22.6% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | 48.8% | 39.1% | ||
| Q2 24 | 17.7% | 47.5% |
| Q1 26 | 0.2% | — | ||
| Q4 25 | 0.2% | 18.6% | ||
| Q3 25 | 0.5% | 17.2% | ||
| Q2 25 | 0.5% | 16.2% | ||
| Q1 25 | 0.7% | 13.2% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | 1.5% | 17.1% | ||
| Q2 24 | 1.0% | 16.4% |
| Q1 26 | 1.36× | — | ||
| Q4 25 | 1.50× | 4.55× | ||
| Q3 25 | 0.27× | 2.68× | ||
| Q2 25 | 1.32× | 3.27× | ||
| Q1 25 | 1.72× | 1.08× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | 2.30× | 2.69× | ||
| Q2 24 | 0.53× | 3.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EXEL
| Cabometyx | $544.7M | 91% |
| Collaboration | $52.1M | 9% |
| Collaborative Arrangementwith Takeda | $5.9M | 1% |
| Cometriq | $1.8M | 0% |
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% |
