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Side-by-side financial comparison of loanDepot, Inc. (LDI) and Mid-America Apartment Communities (MAA). Click either name above to swap in a different company.
Mid-America Apartment Communities is the larger business by last-quarter revenue ($553.7M vs $310.3M, roughly 1.8× loanDepot, Inc.). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 20.5%). Over the past eight quarters, loanDepot, Inc.'s revenue compounded faster (18.0% CAGR vs 0.7%).
LoanDepot, sometimes stylized as loanDepot, is an Irvine, California-based nonbank holding company which sells mortgage and non-mortgage lending products.
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.
LDI vs MAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $310.3M | $553.7M |
| Net Profit | $-22.5M | — |
| Gross Margin | — | — |
| Operating Margin | -10.3% | — |
| Net Margin | -7.2% | — |
| Revenue YoY | 20.5% | 438.7% |
| Net Profit YoY | 32.4% | — |
| EPS (diluted) | — | $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 | $310.3M | $555.6M | ||
| Q3 25 | $323.3M | $554.4M | ||
| Q2 25 | $282.5M | $549.9M | ||
| Q1 25 | $273.6M | $549.3M | ||
| Q4 24 | $257.5M | $549.8M | ||
| Q3 24 | $314.6M | $551.1M | ||
| Q2 24 | $265.4M | $546.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-22.5M | $57.6M | ||
| Q3 25 | $-4.9M | $99.5M | ||
| Q2 25 | $-13.4M | $108.1M | ||
| Q1 25 | $-21.9M | $181.7M | ||
| Q4 24 | $-33.2M | $166.6M | ||
| Q3 24 | $1.4M | $115.2M | ||
| Q2 24 | $-32.2M | $102.0M |
| Q1 26 | — | — | ||
| Q4 25 | -10.3% | 10.4% | ||
| Q3 25 | -3.2% | 18.7% | ||
| Q2 25 | -11.4% | 20.2% | ||
| Q1 25 | -16.8% | 34.0% | ||
| Q4 24 | -32.7% | 31.3% | ||
| Q3 24 | 1.1% | 21.5% | ||
| Q2 24 | -29.1% | 19.3% |
| Q1 26 | — | — | ||
| Q4 25 | -7.2% | 10.4% | ||
| Q3 25 | -1.5% | 18.0% | ||
| Q2 25 | -4.7% | 19.7% | ||
| Q1 25 | -8.0% | 33.1% | ||
| Q4 24 | -12.9% | 30.3% | ||
| Q3 24 | 0.4% | 20.9% | ||
| Q2 24 | -12.1% | 18.7% |
| Q1 26 | — | $4.34 | ||
| Q4 25 | — | $0.48 | ||
| Q3 25 | — | $0.84 | ||
| Q2 25 | — | $0.92 | ||
| Q1 25 | — | $1.54 | ||
| Q4 24 | — | $1.43 | ||
| Q3 24 | $0.01 | $0.98 | ||
| Q2 24 | $-0.18 | $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 | $337.2M | — |
| Total DebtLower is stronger | $2.1B | — |
| Stockholders' EquityBook value | $386.0M | — |
| Total Assets | $6.9B | — |
| Debt / EquityLower = less leverage | 5.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $337.2M | $60.3M | ||
| Q3 25 | $459.2M | $32.2M | ||
| Q2 25 | $408.6M | $54.5M | ||
| Q1 25 | $371.5M | $55.8M | ||
| Q4 24 | $421.6M | $43.0M | ||
| Q3 24 | $483.0M | $50.2M | ||
| Q2 24 | $533.2M | $62.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — |
| Q1 26 | — | — | ||
| Q4 25 | $386.0M | $5.7B | ||
| Q3 25 | $433.3M | $5.8B | ||
| Q2 25 | $439.1M | $5.9B | ||
| Q1 25 | $469.3M | $5.9B | ||
| Q4 24 | $506.6M | $5.9B | ||
| Q3 24 | $592.0M | $5.9B | ||
| Q2 24 | $578.9M | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | $6.9B | $12.0B | ||
| Q3 25 | $6.2B | $11.9B | ||
| Q2 25 | $6.2B | $11.8B | ||
| Q1 25 | $6.4B | $11.8B | ||
| Q4 24 | $6.3B | $11.8B | ||
| Q3 24 | $6.4B | $11.8B | ||
| Q2 24 | $5.9B | $11.6B |
| Q1 26 | — | — | ||
| Q4 25 | 5.44× | — | ||
| Q3 25 | 4.83× | — | ||
| Q2 25 | 4.70× | — | ||
| Q1 25 | 4.30× | — | ||
| Q4 24 | 4.00× | — | ||
| Q3 24 | 3.31× | — | ||
| Q2 24 | 3.41× | — |
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 | $-638.7M | — |
| Free Cash FlowOCF − Capex | $-648.0M | — |
| FCF MarginFCF / Revenue | -208.9% | — |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-734.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-638.7M | $261.7M | ||
| Q3 25 | $43.4M | $266.4M | ||
| Q2 25 | $67.6M | $353.4M | ||
| Q1 25 | $-179.9M | $196.6M | ||
| Q4 24 | $47.7M | $239.1M | ||
| Q3 24 | $-349.2M | $309.5M | ||
| Q2 24 | $-278.3M | $349.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-648.0M | $158.6M | ||
| Q3 25 | $38.7M | $170.8M | ||
| Q2 25 | $61.4M | $264.5M | ||
| Q1 25 | $-186.7M | $124.0M | ||
| Q4 24 | $40.8M | $152.6M | ||
| Q3 24 | $-356.4M | $215.5M | ||
| Q2 24 | $-285.7M | $259.7M |
| Q1 26 | — | — | ||
| Q4 25 | -208.9% | 28.5% | ||
| Q3 25 | 12.0% | 30.8% | ||
| Q2 25 | 21.7% | 48.1% | ||
| Q1 25 | -68.2% | 22.6% | ||
| Q4 24 | 15.8% | 27.8% | ||
| Q3 24 | -113.3% | 39.1% | ||
| Q2 24 | -107.7% | 47.5% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 18.6% | ||
| Q3 25 | 1.5% | 17.2% | ||
| Q2 25 | 2.2% | 16.2% | ||
| Q1 25 | 2.5% | 13.2% | ||
| Q4 24 | 2.7% | 15.7% | ||
| Q3 24 | 2.3% | 17.1% | ||
| Q2 24 | 2.8% | 16.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.55× | ||
| Q3 25 | — | 2.68× | ||
| Q2 25 | — | 3.27× | ||
| Q1 25 | — | 1.08× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | -255.05× | 2.69× | ||
| Q2 24 | — | 3.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LDI
Segment breakdown not available.
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% |
