vs

Side-by-side financial comparison of LCI INDUSTRIES (LCII) and Mid-America Apartment Communities (MAA). Click either name above to swap in a different company.

LCI INDUSTRIES is the larger business by last-quarter revenue ($932.7M vs $553.7M, roughly 1.7× Mid-America Apartment Communities). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 16.1%). Over the past eight quarters, Mid-America Apartment Communities's revenue compounded faster (0.7% CAGR vs -1.8%).

Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.

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.

LCII vs MAA — Head-to-Head

Bigger by revenue
LCII
LCII
1.7× larger
LCII
$932.7M
$553.7M
MAA
Growing faster (revenue YoY)
MAA
MAA
+422.6% gap
MAA
438.7%
16.1%
LCII
Faster 2-yr revenue CAGR
MAA
MAA
Annualised
MAA
0.7%
-1.8%
LCII

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LCII
LCII
MAA
MAA
Revenue
$932.7M
$553.7M
Net Profit
$18.7M
Gross Margin
22.1%
Operating Margin
3.8%
Net Margin
2.0%
Revenue YoY
16.1%
438.7%
Net Profit YoY
95.7%
EPS (diluted)
$0.79
$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.

Revenue
LCII
LCII
MAA
MAA
Q1 26
$553.7M
Q4 25
$932.7M
$555.6M
Q3 25
$1.0B
$554.4M
Q2 25
$1.1B
$549.9M
Q1 25
$1.0B
$549.3M
Q4 24
$803.1M
$549.8M
Q3 24
$915.5M
$551.1M
Q2 24
$1.1B
$546.4M
Net Profit
LCII
LCII
MAA
MAA
Q1 26
Q4 25
$18.7M
$57.6M
Q3 25
$62.5M
$99.5M
Q2 25
$57.6M
$108.1M
Q1 25
$49.4M
$181.7M
Q4 24
$9.5M
$166.6M
Q3 24
$35.6M
$115.2M
Q2 24
$61.2M
$102.0M
Gross Margin
LCII
LCII
MAA
MAA
Q1 26
Q4 25
22.1%
Q3 25
24.4%
Q2 25
24.4%
Q1 25
24.1%
Q4 24
21.1%
Q3 24
24.0%
Q2 24
25.3%
Operating Margin
LCII
LCII
MAA
MAA
Q1 26
Q4 25
3.8%
10.4%
Q3 25
7.3%
18.7%
Q2 25
7.9%
20.2%
Q1 25
7.8%
34.0%
Q4 24
2.0%
31.3%
Q3 24
5.9%
21.5%
Q2 24
8.6%
19.3%
Net Margin
LCII
LCII
MAA
MAA
Q1 26
Q4 25
2.0%
10.4%
Q3 25
6.0%
18.0%
Q2 25
5.2%
19.7%
Q1 25
4.7%
33.1%
Q4 24
1.2%
30.3%
Q3 24
3.9%
20.9%
Q2 24
5.8%
18.7%
EPS (diluted)
LCII
LCII
MAA
MAA
Q1 26
$4.34
Q4 25
$0.79
$0.48
Q3 25
$2.55
$0.84
Q2 25
$2.29
$0.92
Q1 25
$1.94
$1.54
Q4 24
$0.37
$1.43
Q3 24
$1.39
$0.98
Q2 24
$2.40
$0.86

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LCII
LCII
MAA
MAA
Cash + ST InvestmentsLiquidity on hand
$222.6M
Total DebtLower is stronger
$945.2M
Stockholders' EquityBook value
$1.4B
Total Assets
$3.2B
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LCII
LCII
MAA
MAA
Q1 26
Q4 25
$222.6M
$60.3M
Q3 25
$199.7M
$32.2M
Q2 25
$191.9M
$54.5M
Q1 25
$231.2M
$55.8M
Q4 24
$165.8M
$43.0M
Q3 24
$161.2M
$50.2M
Q2 24
$130.4M
$62.8M
Total Debt
LCII
LCII
MAA
MAA
Q1 26
Q4 25
$945.2M
Q3 25
$947.8M
Q2 25
$948.0M
Q1 25
$938.3M
Q4 24
$757.3M
Q3 24
$822.5M
Q2 24
$829.7M
Stockholders' Equity
LCII
LCII
MAA
MAA
Q1 26
Q4 25
$1.4B
$5.7B
Q3 25
$1.4B
$5.8B
Q2 25
$1.4B
$5.9B
Q1 25
$1.4B
$5.9B
Q4 24
$1.4B
$5.9B
Q3 24
$1.4B
$5.9B
Q2 24
$1.4B
$6.0B
Total Assets
LCII
LCII
MAA
MAA
Q1 26
Q4 25
$3.2B
$12.0B
Q3 25
$3.2B
$11.9B
Q2 25
$3.2B
$11.8B
Q1 25
$3.1B
$11.8B
Q4 24
$2.9B
$11.8B
Q3 24
$3.0B
$11.8B
Q2 24
$3.0B
$11.6B
Debt / Equity
LCII
LCII
MAA
MAA
Q1 26
Q4 25
0.69×
Q3 25
0.70×
Q2 25
0.68×
Q1 25
0.69×
Q4 24
0.55×
Q3 24
0.58×
Q2 24
0.60×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LCII
LCII
MAA
MAA
Operating Cash FlowLast quarter
$78.9M
Free Cash FlowOCF − Capex
$64.3M
FCF MarginFCF / Revenue
6.9%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
4.22×
TTM Free Cash FlowTrailing 4 quarters
$278.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LCII
LCII
MAA
MAA
Q1 26
Q4 25
$78.9M
$261.7M
Q3 25
$97.2M
$266.4M
Q2 25
$112.2M
$353.4M
Q1 25
$42.7M
$196.6M
Q4 24
$106.6M
$239.1M
Q3 24
$78.4M
$309.5M
Q2 24
$192.9M
$349.4M
Free Cash Flow
LCII
LCII
MAA
MAA
Q1 26
Q4 25
$64.3M
$158.6M
Q3 25
$80.9M
$170.8M
Q2 25
$99.5M
$264.5M
Q1 25
$33.7M
$124.0M
Q4 24
$95.7M
$152.6M
Q3 24
$68.3M
$215.5M
Q2 24
$180.2M
$259.7M
FCF Margin
LCII
LCII
MAA
MAA
Q1 26
Q4 25
6.9%
28.5%
Q3 25
7.8%
30.8%
Q2 25
9.0%
48.1%
Q1 25
3.2%
22.6%
Q4 24
11.9%
27.8%
Q3 24
7.5%
39.1%
Q2 24
17.1%
47.5%
Capex Intensity
LCII
LCII
MAA
MAA
Q1 26
Q4 25
1.6%
18.6%
Q3 25
1.6%
17.2%
Q2 25
1.2%
16.2%
Q1 25
0.9%
13.2%
Q4 24
1.4%
15.7%
Q3 24
1.1%
17.1%
Q2 24
1.2%
16.4%
Cash Conversion
LCII
LCII
MAA
MAA
Q1 26
Q4 25
4.22×
4.55×
Q3 25
1.55×
2.68×
Q2 25
1.95×
3.27×
Q1 25
0.86×
1.08×
Q4 24
11.17×
1.43×
Q3 24
2.20×
2.69×
Q2 24
3.15×
3.43×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LCII
LCII

Travel Trailer And Fifth Wheels$378.4M41%
Chassis Chassis Partsand Slideout Mechanisms$206.1M22%
Furnitureand Mattresses$120.4M13%
Appliances$69.9M7%
Other Products$69.1M7%
Axlesand Suspension Solutions$62.3M7%
Motorhomes$34.2M4%

MAA
MAA

Same Store Communities$517.0M93%
Non-Same Store Communities$22.1M4%
Lease-up/Development Communities$7.7M1%
Commercial Property/Land$7.0M1%

Related Comparisons