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Side-by-side financial comparison of IES Holdings, Inc. (IESC) and Mid-America Apartment Communities (MAA). Click either name above to swap in a different company.
IES Holdings, Inc. is the larger business by last-quarter revenue ($871.0M vs $553.7M, roughly 1.6× Mid-America Apartment Communities). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 16.2%). Over the past eight quarters, IES Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs 0.7%).
IES Holdings, Inc., formerly known as Integrated Electrical Services, Inc., designs and installs integrated electrical and technology systems and provides infrastructure products and services to a variety of end markets, including data centers, residential housing, and commercial and industrial facilities.
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.
IESC vs MAA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $871.0M | $553.7M |
| Net Profit | $91.8M | — |
| Gross Margin | 25.3% | — |
| Operating Margin | 11.2% | — |
| Net Margin | 10.5% | — |
| Revenue YoY | 16.2% | 438.7% |
| Net Profit YoY | 59.1% | — |
| EPS (diluted) | $4.51 | $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 | $871.0M | $555.6M | ||
| Q3 25 | $897.8M | $554.4M | ||
| Q2 25 | $890.2M | $549.9M | ||
| Q1 25 | $834.0M | $549.3M | ||
| Q4 24 | $749.5M | $549.8M | ||
| Q3 24 | $775.8M | $551.1M | ||
| Q2 24 | $768.4M | $546.4M |
| Q1 26 | — | — | ||
| Q4 25 | $91.8M | $57.6M | ||
| Q3 25 | $102.3M | $99.5M | ||
| Q2 25 | $79.3M | $108.1M | ||
| Q1 25 | $72.6M | $181.7M | ||
| Q4 24 | $57.7M | $166.6M | ||
| Q3 24 | $65.5M | $115.2M | ||
| Q2 24 | $66.6M | $102.0M |
| Q1 26 | — | — | ||
| Q4 25 | 25.3% | — | ||
| Q3 25 | 26.0% | — | ||
| Q2 25 | 26.9% | — | ||
| Q1 25 | 25.0% | — | ||
| Q4 24 | 23.8% | — | ||
| Q3 24 | 24.0% | — | ||
| Q2 24 | 25.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 11.2% | 10.4% | ||
| Q3 25 | 11.6% | 18.7% | ||
| Q2 25 | 12.6% | 20.2% | ||
| Q1 25 | 11.1% | 34.0% | ||
| Q4 24 | 10.0% | 31.3% | ||
| Q3 24 | 9.7% | 21.5% | ||
| Q2 24 | 11.7% | 19.3% |
| Q1 26 | — | — | ||
| Q4 25 | 10.5% | 10.4% | ||
| Q3 25 | 11.4% | 18.0% | ||
| Q2 25 | 8.9% | 19.7% | ||
| Q1 25 | 8.7% | 33.1% | ||
| Q4 24 | 7.7% | 30.3% | ||
| Q3 24 | 8.4% | 20.9% | ||
| Q2 24 | 8.7% | 18.7% |
| Q1 26 | — | $4.34 | ||
| Q4 25 | $4.51 | $0.48 | ||
| Q3 25 | $4.99 | $0.84 | ||
| Q2 25 | $3.81 | $0.92 | ||
| Q1 25 | $3.50 | $1.54 | ||
| Q4 24 | $2.72 | $1.43 | ||
| Q3 24 | $3.06 | $0.98 | ||
| Q2 24 | $2.67 | $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 | $258.7M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $961.1M | — |
| Total Assets | $1.7B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $258.7M | $60.3M | ||
| Q3 25 | $231.8M | $32.2M | ||
| Q2 25 | $168.3M | $54.5M | ||
| Q1 25 | $88.3M | $55.8M | ||
| Q4 24 | $112.0M | $43.0M | ||
| Q3 24 | $135.8M | $50.2M | ||
| Q2 24 | $44.9M | $62.8M |
| Q1 26 | — | — | ||
| Q4 25 | $961.1M | $5.7B | ||
| Q3 25 | $884.0M | $5.8B | ||
| Q2 25 | $781.4M | $5.9B | ||
| Q1 25 | $705.8M | $5.9B | ||
| Q4 24 | $652.4M | $5.9B | ||
| Q3 24 | $611.1M | $5.9B | ||
| Q2 24 | $567.5M | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $12.0B | ||
| Q3 25 | $1.6B | $11.9B | ||
| Q2 25 | $1.5B | $11.8B | ||
| Q1 25 | $1.4B | $11.8B | ||
| Q4 24 | $1.3B | $11.8B | ||
| Q3 24 | $1.2B | $11.8B | ||
| Q2 24 | $1.2B | $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 | $27.7M | — |
| Free Cash FlowOCF − Capex | $-18.9M | — |
| FCF MarginFCF / Revenue | -2.2% | — |
| Capex IntensityCapex / Revenue | 5.3% | — |
| Cash ConversionOCF / Net Profit | 0.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $175.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $27.7M | $261.7M | ||
| Q3 25 | $132.0M | $266.4M | ||
| Q2 25 | $92.0M | $353.4M | ||
| Q1 25 | $24.8M | $196.6M | ||
| Q4 24 | $37.3M | $239.1M | ||
| Q3 24 | $92.8M | $309.5M | ||
| Q2 24 | $82.9M | $349.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-18.9M | $158.6M | ||
| Q3 25 | $112.0M | $170.8M | ||
| Q2 25 | $74.8M | $264.5M | ||
| Q1 25 | $7.9M | $124.0M | ||
| Q4 24 | $24.1M | $152.6M | ||
| Q3 24 | $78.5M | $215.5M | ||
| Q2 24 | $65.4M | $259.7M |
| Q1 26 | — | — | ||
| Q4 25 | -2.2% | 28.5% | ||
| Q3 25 | 12.5% | 30.8% | ||
| Q2 25 | 8.4% | 48.1% | ||
| Q1 25 | 0.9% | 22.6% | ||
| Q4 24 | 3.2% | 27.8% | ||
| Q3 24 | 10.1% | 39.1% | ||
| Q2 24 | 8.5% | 47.5% |
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | 18.6% | ||
| Q3 25 | 2.2% | 17.2% | ||
| Q2 25 | 1.9% | 16.2% | ||
| Q1 25 | 2.0% | 13.2% | ||
| Q4 24 | 1.8% | 15.7% | ||
| Q3 24 | 1.8% | 17.1% | ||
| Q2 24 | 2.3% | 16.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.30× | 4.55× | ||
| Q3 25 | 1.29× | 2.68× | ||
| Q2 25 | 1.16× | 3.27× | ||
| Q1 25 | 0.34× | 1.08× | ||
| Q4 24 | 0.65× | 1.43× | ||
| Q3 24 | 1.42× | 2.69× | ||
| Q2 24 | 1.24× | 3.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IESC
| Communications | $351.9M | 40% |
| Single Family Electrical Contracts | $137.0M | 16% |
| Custom Engineered Solutions | $116.0M | 13% |
| Commercialand Industrial | $94.8M | 11% |
| Single Family Contracts Plumbing HVAC | $82.9M | 10% |
| Multi Familyand Other | $64.2M | 7% |
| Industrial Services | $24.2M | 3% |
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% |
