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

Mid-America Apartment Communities is the larger business by last-quarter revenue ($555.6M vs $371.5M, roughly 1.5× MASIMO CORP). Mid-America Apartment Communities runs the higher net margin — 10.4% vs -27.0%, a 37.4% gap on every dollar of revenue. On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (1.0% vs -26.4%). Mid-America Apartment Communities produced more free cash flow last quarter ($158.6M vs $50.9M). Over the past eight quarters, Mid-America Apartment Communities's revenue compounded faster (1.1% CAGR vs -17.7%).

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.

Masimo Corporation is an American health technology and consumer electronics company headquartered in Irvine, California. The company develops patient monitoring devices, non-invasive sensors, and related software platforms used in hospital and home settings. Masimo has also operated in the consumer audio and wearable device markets.

MAA vs MASI — Head-to-Head

Bigger by revenue
MAA
MAA
1.5× larger
MAA
$555.6M
$371.5M
MASI
Growing faster (revenue YoY)
MAA
MAA
+27.4% gap
MAA
1.0%
-26.4%
MASI
Higher net margin
MAA
MAA
37.4% more per $
MAA
10.4%
-27.0%
MASI
More free cash flow
MAA
MAA
$107.7M more FCF
MAA
$158.6M
$50.9M
MASI
Faster 2-yr revenue CAGR
MAA
MAA
Annualised
MAA
1.1%
-17.7%
MASI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MAA
MAA
MASI
MASI
Revenue
$555.6M
$371.5M
Net Profit
$57.6M
$-100.4M
Gross Margin
62.1%
Operating Margin
10.4%
22.5%
Net Margin
10.4%
-27.0%
Revenue YoY
1.0%
-26.4%
Net Profit YoY
-65.5%
-1124.5%
EPS (diluted)
$0.48
$-1.84

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
MAA
MAA
MASI
MASI
Q4 25
$555.6M
Q3 25
$554.4M
$371.5M
Q2 25
$549.9M
$370.9M
Q1 25
$549.3M
$372.0M
Q4 24
$549.8M
$600.7M
Q3 24
$551.1M
$504.6M
Q2 24
$546.4M
$496.3M
Q1 24
$543.6M
$492.8M
Net Profit
MAA
MAA
MASI
MASI
Q4 25
$57.6M
Q3 25
$99.5M
$-100.4M
Q2 25
$108.1M
$51.3M
Q1 25
$181.7M
$-170.7M
Q4 24
$166.6M
$-349.6M
Q3 24
$115.2M
$9.8M
Q2 24
$102.0M
$16.0M
Q1 24
$143.7M
$18.9M
Gross Margin
MAA
MAA
MASI
MASI
Q4 25
Q3 25
62.1%
Q2 25
62.9%
Q1 25
62.9%
Q4 24
40.7%
Q3 24
52.2%
Q2 24
51.3%
Q1 24
49.0%
Operating Margin
MAA
MAA
MASI
MASI
Q4 25
10.4%
Q3 25
18.7%
22.5%
Q2 25
20.2%
17.4%
Q1 25
34.0%
21.0%
Q4 24
31.3%
-59.8%
Q3 24
21.5%
6.0%
Q2 24
19.3%
5.7%
Q1 24
27.4%
6.9%
Net Margin
MAA
MAA
MASI
MASI
Q4 25
10.4%
Q3 25
18.0%
-27.0%
Q2 25
19.7%
13.8%
Q1 25
33.1%
-45.9%
Q4 24
30.3%
-58.2%
Q3 24
20.9%
1.9%
Q2 24
18.7%
3.2%
Q1 24
26.4%
3.8%
EPS (diluted)
MAA
MAA
MASI
MASI
Q4 25
$0.48
Q3 25
$0.84
$-1.84
Q2 25
$0.92
$0.94
Q1 25
$1.54
$-3.12
Q4 24
$1.43
$-6.54
Q3 24
$0.98
$0.18
Q2 24
$0.86
$0.29
Q1 24
$1.22
$0.35

Balance Sheet & Financial Strength

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

Metric
MAA
MAA
MASI
MASI
Cash + ST InvestmentsLiquidity on hand
$60.3M
$312.3M
Total DebtLower is stronger
$559.1M
Stockholders' EquityBook value
$5.7B
$810.0M
Total Assets
$12.0B
$1.8B
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAA
MAA
MASI
MASI
Q4 25
$60.3M
Q3 25
$32.2M
$312.3M
Q2 25
$54.5M
$149.6M
Q1 25
$55.8M
$130.8M
Q4 24
$43.0M
$177.6M
Q3 24
$50.2M
$158.5M
Q2 24
$62.8M
$129.6M
Q1 24
$54.6M
$157.6M
Total Debt
MAA
MAA
MASI
MASI
Q4 25
Q3 25
$559.1M
Q2 25
$613.7M
Q1 25
$651.0M
Q4 24
$765.2M
Q3 24
$772.6M
Q2 24
$781.6M
Q1 24
$876.0M
Stockholders' Equity
MAA
MAA
MASI
MASI
Q4 25
$5.7B
Q3 25
$5.8B
$810.0M
Q2 25
$5.9B
$1.0B
Q1 25
$5.9B
$946.4M
Q4 24
$5.9B
$1.1B
Q3 24
$5.9B
$1.5B
Q2 24
$6.0B
$1.4B
Q1 24
$6.1B
$1.4B
Total Assets
MAA
MAA
MASI
MASI
Q4 25
$12.0B
Q3 25
$11.9B
$1.8B
Q2 25
$11.8B
$2.4B
Q1 25
$11.8B
$2.3B
Q4 24
$11.8B
$2.6B
Q3 24
$11.8B
$3.1B
Q2 24
$11.6B
$2.9B
Q1 24
$11.5B
$3.0B
Debt / Equity
MAA
MAA
MASI
MASI
Q4 25
Q3 25
0.69×
Q2 25
0.59×
Q1 25
0.69×
Q4 24
0.73×
Q3 24
0.53×
Q2 24
0.57×
Q1 24
0.64×

Cash Flow & Capital Efficiency

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

Metric
MAA
MAA
MASI
MASI
Operating Cash FlowLast quarter
$261.7M
$56.8M
Free Cash FlowOCF − Capex
$158.6M
$50.9M
FCF MarginFCF / Revenue
28.5%
13.7%
Capex IntensityCapex / Revenue
18.6%
1.6%
Cash ConversionOCF / Net Profit
4.55×
TTM Free Cash FlowTrailing 4 quarters
$717.9M
$191.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAA
MAA
MASI
MASI
Q4 25
$261.7M
Q3 25
$266.4M
$56.8M
Q2 25
$353.4M
$69.4M
Q1 25
$196.6M
$31.1M
Q4 24
$239.1M
$50.5M
Q3 24
$309.5M
$25.6M
Q2 24
$349.4M
$74.5M
Q1 24
$200.3M
$45.8M
Free Cash Flow
MAA
MAA
MASI
MASI
Q4 25
$158.6M
Q3 25
$170.8M
$50.9M
Q2 25
$264.5M
$65.6M
Q1 25
$124.0M
$28.5M
Q4 24
$152.6M
$46.0M
Q3 24
$215.5M
$16.9M
Q2 24
$259.7M
$66.9M
Q1 24
$148.2M
$37.6M
FCF Margin
MAA
MAA
MASI
MASI
Q4 25
28.5%
Q3 25
30.8%
13.7%
Q2 25
48.1%
17.7%
Q1 25
22.6%
7.7%
Q4 24
27.8%
7.7%
Q3 24
39.1%
3.3%
Q2 24
47.5%
13.5%
Q1 24
27.3%
7.6%
Capex Intensity
MAA
MAA
MASI
MASI
Q4 25
18.6%
Q3 25
17.2%
1.6%
Q2 25
16.2%
1.0%
Q1 25
13.2%
0.7%
Q4 24
15.7%
0.7%
Q3 24
17.1%
1.7%
Q2 24
16.4%
1.5%
Q1 24
9.6%
1.7%
Cash Conversion
MAA
MAA
MASI
MASI
Q4 25
4.55×
Q3 25
2.68×
Q2 25
3.27×
1.35×
Q1 25
1.08×
Q4 24
1.43×
Q3 24
2.69×
2.61×
Q2 24
3.43×
4.66×
Q1 24
1.39×
2.42×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAA
MAA

Same Store$515.5M93%
Non Same Store And Other$36.8M7%

MASI
MASI

Segment breakdown not available.

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