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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
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% | — |
| 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% |
| 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% |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 | — |
| 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 |
| 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 |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
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% |