vs
Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) 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 $308.1M, roughly 1.8× Grand Canyon Education, Inc.). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 5.3%). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% CAGR vs 0.7%).
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
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.
LOPE vs MAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $308.1M | $553.7M |
| Net Profit | $86.7M | — |
| Gross Margin | — | — |
| Operating Margin | 35.1% | — |
| Net Margin | 28.1% | — |
| Revenue YoY | 5.3% | 438.7% |
| Net Profit YoY | 5.9% | — |
| EPS (diluted) | $3.13 | $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 | $308.1M | $555.6M | ||
| Q3 25 | $261.1M | $554.4M | ||
| Q2 25 | $247.5M | $549.9M | ||
| Q1 25 | $289.3M | $549.3M | ||
| Q4 24 | $292.6M | $549.8M | ||
| Q3 24 | $238.3M | $551.1M | ||
| Q2 24 | $227.5M | $546.4M |
| Q1 26 | — | — | ||
| Q4 25 | $86.7M | $57.6M | ||
| Q3 25 | $16.3M | $99.5M | ||
| Q2 25 | $41.5M | $108.1M | ||
| Q1 25 | $71.6M | $181.7M | ||
| Q4 24 | $81.9M | $166.6M | ||
| Q3 24 | $41.5M | $115.2M | ||
| Q2 24 | $34.9M | $102.0M |
| Q1 26 | — | — | ||
| Q4 25 | 35.1% | 10.4% | ||
| Q3 25 | 6.9% | 18.7% | ||
| Q2 25 | 20.9% | 20.2% | ||
| Q1 25 | 30.4% | 34.0% | ||
| Q4 24 | 34.2% | 31.3% | ||
| Q3 24 | 20.2% | 21.5% | ||
| Q2 24 | 18.8% | 19.3% |
| Q1 26 | — | — | ||
| Q4 25 | 28.1% | 10.4% | ||
| Q3 25 | 6.2% | 18.0% | ||
| Q2 25 | 16.8% | 19.7% | ||
| Q1 25 | 24.8% | 33.1% | ||
| Q4 24 | 28.0% | 30.3% | ||
| Q3 24 | 17.4% | 20.9% | ||
| Q2 24 | 15.3% | 18.7% |
| Q1 26 | — | $4.34 | ||
| Q4 25 | $3.13 | $0.48 | ||
| Q3 25 | $0.58 | $0.84 | ||
| Q2 25 | $1.48 | $0.92 | ||
| Q1 25 | $2.52 | $1.54 | ||
| Q4 24 | $2.83 | $1.43 | ||
| Q3 24 | $1.42 | $0.98 | ||
| Q2 24 | $1.19 | $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 | $111.8M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $746.9M | — |
| Total Assets | $992.3M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $111.8M | $60.3M | ||
| Q3 25 | $97.3M | $32.2M | ||
| Q2 25 | $192.3M | $54.5M | ||
| Q1 25 | $144.5M | $55.8M | ||
| Q4 24 | $324.6M | $43.0M | ||
| Q3 24 | $263.6M | $50.2M | ||
| Q2 24 | $241.3M | $62.8M |
| Q1 26 | — | — | ||
| Q4 25 | $746.9M | $5.7B | ||
| Q3 25 | $758.0M | $5.8B | ||
| Q2 25 | $778.0M | $5.9B | ||
| Q1 25 | $780.7M | $5.9B | ||
| Q4 24 | $783.9M | $5.9B | ||
| Q3 24 | $764.1M | $5.9B | ||
| Q2 24 | $759.2M | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | $992.3M | $12.0B | ||
| Q3 25 | $1.0B | $11.9B | ||
| Q2 25 | $1.0B | $11.8B | ||
| Q1 25 | $1.0B | $11.8B | ||
| Q4 24 | $1.0B | $11.8B | ||
| Q3 24 | $992.9M | $11.8B | ||
| Q2 24 | $992.7M | $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 | $130.5M | — |
| Free Cash FlowOCF − Capex | $122.9M | — |
| FCF MarginFCF / Revenue | 39.9% | — |
| Capex IntensityCapex / Revenue | 2.5% | — |
| Cash ConversionOCF / Net Profit | 1.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $238.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $130.5M | $261.7M | ||
| Q3 25 | $-48.6M | $266.4M | ||
| Q2 25 | $124.0M | $353.4M | ||
| Q1 25 | $67.6M | $196.6M | ||
| Q4 24 | $135.8M | $239.1M | ||
| Q3 24 | $-29.4M | $309.5M | ||
| Q2 24 | $98.6M | $349.4M |
| Q1 26 | — | — | ||
| Q4 25 | $122.9M | $158.6M | ||
| Q3 25 | $-58.3M | $170.8M | ||
| Q2 25 | $115.4M | $264.5M | ||
| Q1 25 | $58.7M | $124.0M | ||
| Q4 24 | $126.1M | $152.6M | ||
| Q3 24 | $-39.0M | $215.5M | ||
| Q2 24 | $89.6M | $259.7M |
| Q1 26 | — | — | ||
| Q4 25 | 39.9% | 28.5% | ||
| Q3 25 | -22.3% | 30.8% | ||
| Q2 25 | 46.6% | 48.1% | ||
| Q1 25 | 20.3% | 22.6% | ||
| Q4 24 | 43.1% | 27.8% | ||
| Q3 24 | -16.3% | 39.1% | ||
| Q2 24 | 39.4% | 47.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | 18.6% | ||
| Q3 25 | 3.7% | 17.2% | ||
| Q2 25 | 3.5% | 16.2% | ||
| Q1 25 | 3.1% | 13.2% | ||
| Q4 24 | 3.3% | 15.7% | ||
| Q3 24 | 4.0% | 17.1% | ||
| Q2 24 | 3.9% | 16.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.50× | 4.55× | ||
| Q3 25 | -2.99× | 2.68× | ||
| Q2 25 | 2.98× | 3.27× | ||
| Q1 25 | 0.94× | 1.08× | ||
| Q4 24 | 1.66× | 1.43× | ||
| Q3 24 | -0.71× | 2.69× | ||
| Q2 24 | 2.83× | 3.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOPE
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% |
