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Side-by-side financial comparison of EAGLE MATERIALS INC (EXP) and Mid-America Apartment Communities (MAA). Click either name above to swap in a different company.
EAGLE MATERIALS INC is the larger business by last-quarter revenue ($556.0M vs $553.7M, roughly 1.0× Mid-America Apartment Communities). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs -0.4%). Over the past eight quarters, EAGLE MATERIALS INC's revenue compounded faster (8.0% CAGR vs 0.7%).
Eagle Materials Inc. is an American producer of building materials based in Dallas, Texas. The company produces cement, concrete, construction aggregate, gypsum, wallboard, paperboard, and sand for hydraulic fracturing.
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.
EXP vs MAA — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $556.0M | $553.7M |
| Net Profit | $102.9M | — |
| Gross Margin | 28.9% | — |
| Operating Margin | — | — |
| Net Margin | 18.5% | — |
| Revenue YoY | -0.4% | 438.7% |
| Net Profit YoY | -13.9% | — |
| EPS (diluted) | $3.22 | $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 | $556.0M | $555.6M | ||
| Q3 25 | $638.9M | $554.4M | ||
| Q2 25 | $634.7M | $549.9M | ||
| Q1 25 | $470.2M | $549.3M | ||
| Q4 24 | $558.0M | $549.8M | ||
| Q3 24 | $623.6M | $551.1M | ||
| Q2 24 | $608.7M | $546.4M |
| Q1 26 | — | — | ||
| Q4 25 | $102.9M | $57.6M | ||
| Q3 25 | $137.4M | $99.5M | ||
| Q2 25 | $123.4M | $108.1M | ||
| Q1 25 | $66.5M | $181.7M | ||
| Q4 24 | $119.6M | $166.6M | ||
| Q3 24 | $143.5M | $115.2M | ||
| Q2 24 | $133.8M | $102.0M |
| Q1 26 | — | — | ||
| Q4 25 | 28.9% | — | ||
| Q3 25 | 31.3% | — | ||
| Q2 25 | 29.2% | — | ||
| Q1 25 | 22.2% | — | ||
| Q4 24 | 31.9% | — | ||
| Q3 24 | 32.7% | — | ||
| Q2 24 | 30.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | — | 34.0% | ||
| Q4 24 | 32.8% | 31.3% | ||
| Q3 24 | 34.2% | 21.5% | ||
| Q2 24 | 32.0% | 19.3% |
| Q1 26 | — | — | ||
| Q4 25 | 18.5% | 10.4% | ||
| Q3 25 | 21.5% | 18.0% | ||
| Q2 25 | 19.4% | 19.7% | ||
| Q1 25 | 14.1% | 33.1% | ||
| Q4 24 | 21.4% | 30.3% | ||
| Q3 24 | 23.0% | 20.9% | ||
| Q2 24 | 22.0% | 18.7% |
| Q1 26 | — | $4.34 | ||
| Q4 25 | $3.22 | $0.48 | ||
| Q3 25 | $4.23 | $0.84 | ||
| Q2 25 | $3.76 | $0.92 | ||
| Q1 25 | $2.01 | $1.54 | ||
| Q4 24 | $3.56 | $1.43 | ||
| Q3 24 | $4.26 | $0.98 | ||
| Q2 24 | $3.94 | $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 | $419.0M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | — |
| Total Assets | $3.8B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $419.0M | $60.3M | ||
| Q3 25 | $35.0M | $32.2M | ||
| Q2 25 | $59.7M | $54.5M | ||
| Q1 25 | $20.4M | $55.8M | ||
| Q4 24 | $31.2M | $43.0M | ||
| Q3 24 | $93.9M | $50.2M | ||
| Q2 24 | $46.5M | $62.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $5.7B | ||
| Q3 25 | $1.5B | $5.8B | ||
| Q2 25 | $1.5B | $5.9B | ||
| Q1 25 | $1.5B | $5.9B | ||
| Q4 24 | $1.5B | $5.9B | ||
| Q3 24 | $1.4B | $5.9B | ||
| Q2 24 | $1.4B | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | $3.8B | $12.0B | ||
| Q3 25 | $3.4B | $11.9B | ||
| Q2 25 | $3.4B | $11.8B | ||
| Q1 25 | $3.3B | $11.8B | ||
| Q4 24 | $3.0B | $11.8B | ||
| Q3 24 | $3.1B | $11.8B | ||
| Q2 24 | $3.0B | $11.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $170.8M | — |
| Free Cash FlowOCF − Capex | $60.8M | — |
| FCF MarginFCF / Revenue | 10.9% | — |
| Capex IntensityCapex / Revenue | 19.8% | — |
| Cash ConversionOCF / Net Profit | 1.66× | — |
| TTM Free Cash FlowTrailing 4 quarters | $231.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $170.8M | $261.7M | ||
| Q3 25 | $204.6M | $266.4M | ||
| Q2 25 | $136.6M | $353.4M | ||
| Q1 25 | $62.8M | $196.6M | ||
| Q4 24 | $119.9M | $239.1M | ||
| Q3 24 | $233.3M | $309.5M | ||
| Q2 24 | $132.6M | $349.4M |
| Q1 26 | — | — | ||
| Q4 25 | $60.8M | $158.6M | ||
| Q3 25 | $96.1M | $170.8M | ||
| Q2 25 | $60.5M | $264.5M | ||
| Q1 25 | $14.5M | $124.0M | ||
| Q4 24 | $72.5M | $152.6M | ||
| Q3 24 | $166.8M | $215.5M | ||
| Q2 24 | $99.5M | $259.7M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 28.5% | ||
| Q3 25 | 15.0% | 30.8% | ||
| Q2 25 | 9.5% | 48.1% | ||
| Q1 25 | 3.1% | 22.6% | ||
| Q4 24 | 13.0% | 27.8% | ||
| Q3 24 | 26.7% | 39.1% | ||
| Q2 24 | 16.3% | 47.5% |
| Q1 26 | — | — | ||
| Q4 25 | 19.8% | 18.6% | ||
| Q3 25 | 17.0% | 17.2% | ||
| Q2 25 | 12.0% | 16.2% | ||
| Q1 25 | 10.3% | 13.2% | ||
| Q4 24 | 8.5% | 15.7% | ||
| Q3 24 | 10.7% | 17.1% | ||
| Q2 24 | 5.4% | 16.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.66× | 4.55× | ||
| Q3 25 | 1.49× | 2.68× | ||
| Q2 25 | 1.11× | 3.27× | ||
| Q1 25 | 0.94× | 1.08× | ||
| Q4 24 | 1.00× | 1.43× | ||
| Q3 24 | 1.63× | 2.69× | ||
| Q2 24 | 0.99× | 3.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EXP
| External Customers | $283.5M | 51% |
| Gypsum Wallboard | $175.9M | 32% |
| Recycled Paperboard | $47.8M | 9% |
| Corporate Joint Venture | $29.4M | 5% |
| Other | $11.8M | 2% |
| Western Pennsylvania Acquisition | $7.6M | 1% |
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% |
