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Side-by-side financial comparison of Mid-America Apartment Communities (MAA) and MediaAlpha, Inc. (MAX). 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 $291.2M, roughly 1.9× MediaAlpha, Inc.). MediaAlpha, Inc. runs the higher net margin — 10.8% vs 10.4%, a 0.4% gap on every dollar of revenue. On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (1.0% vs -3.2%). Mid-America Apartment Communities produced more free cash flow last quarter ($158.6M vs $-7.5M). Over the past eight quarters, MediaAlpha, Inc.'s revenue compounded faster (51.6% CAGR vs 1.1%).

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.

Alpha Group Co., Ltd. is a Chinese multinational conglomerate with animation, toy, mass media asset and entertainment company headquartered created by Cai Dongqing in 1993. In 2016, it changed its name from Alpha Animation. The company has a Chinese webcomics site, U17, and also an American film company, Alpha Pictures, and has announced the creation of an animation division also based in the United States.

MAA vs MAX — Head-to-Head

Bigger by revenue
MAA
MAA
1.9× larger
MAA
$555.6M
$291.2M
MAX
Growing faster (revenue YoY)
MAA
MAA
+4.2% gap
MAA
1.0%
-3.2%
MAX
Higher net margin
MAX
MAX
0.4% more per $
MAX
10.8%
10.4%
MAA
More free cash flow
MAA
MAA
$166.1M more FCF
MAA
$158.6M
$-7.5M
MAX
Faster 2-yr revenue CAGR
MAX
MAX
Annualised
MAX
51.6%
1.1%
MAA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MAA
MAA
MAX
MAX
Revenue
$555.6M
$291.2M
Net Profit
$57.6M
$31.4M
Gross Margin
15.4%
Operating Margin
10.4%
7.7%
Net Margin
10.4%
10.8%
Revenue YoY
1.0%
-3.2%
Net Profit YoY
-65.5%
576.9%
EPS (diluted)
$0.48
$0.50

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
MAX
MAX
Q4 25
$555.6M
$291.2M
Q3 25
$554.4M
$306.5M
Q2 25
$549.9M
$251.6M
Q1 25
$549.3M
$264.3M
Q4 24
$549.8M
$300.6M
Q3 24
$551.1M
$259.1M
Q2 24
$546.4M
$178.3M
Q1 24
$543.6M
$126.6M
Net Profit
MAA
MAA
MAX
MAX
Q4 25
$57.6M
$31.4M
Q3 25
$99.5M
$14.9M
Q2 25
$108.1M
$-18.7M
Q1 25
$181.7M
$-1.9M
Q4 24
$166.6M
$4.6M
Q3 24
$115.2M
$9.5M
Q2 24
$102.0M
$3.6M
Q1 24
$143.7M
$-1.1M
Gross Margin
MAA
MAA
MAX
MAX
Q4 25
15.4%
Q3 25
14.2%
Q2 25
15.0%
Q1 25
15.8%
Q4 24
16.3%
Q3 24
15.1%
Q2 24
17.8%
Q1 24
18.7%
Operating Margin
MAA
MAA
MAX
MAX
Q4 25
10.4%
7.7%
Q3 25
18.7%
6.4%
Q2 25
20.2%
-8.0%
Q1 25
34.0%
0.0%
Q4 24
31.3%
6.1%
Q3 24
21.5%
6.0%
Q2 24
19.3%
3.6%
Q1 24
27.4%
1.9%
Net Margin
MAA
MAA
MAX
MAX
Q4 25
10.4%
10.8%
Q3 25
18.0%
4.9%
Q2 25
19.7%
-7.4%
Q1 25
33.1%
-0.7%
Q4 24
30.3%
1.5%
Q3 24
20.9%
3.7%
Q2 24
18.7%
2.0%
Q1 24
26.4%
-0.9%
EPS (diluted)
MAA
MAA
MAX
MAX
Q4 25
$0.48
$0.50
Q3 25
$0.84
$0.26
Q2 25
$0.92
$-0.33
Q1 25
$1.54
$-0.04
Q4 24
$1.43
$0.09
Q3 24
$0.98
$0.17
Q2 24
$0.86
$0.07
Q1 24
$1.22
$-0.02

Balance Sheet & Financial Strength

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

Metric
MAA
MAA
MAX
MAX
Cash + ST InvestmentsLiquidity on hand
$60.3M
$46.9M
Total DebtLower is stronger
$153.4M
Stockholders' EquityBook value
$5.7B
$4.2M
Total Assets
$12.0B
$383.8M
Debt / EquityLower = less leverage
36.88×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAA
MAA
MAX
MAX
Q4 25
$60.3M
$46.9M
Q3 25
$32.2M
$38.8M
Q2 25
$54.5M
$85.4M
Q1 25
$55.8M
$63.6M
Q4 24
$43.0M
$43.3M
Q3 24
$50.2M
$32.3M
Q2 24
$62.8M
$28.7M
Q1 24
$54.6M
$14.5M
Total Debt
MAA
MAA
MAX
MAX
Q4 25
$153.4M
Q3 25
$155.7M
Q2 25
$158.0M
Q1 25
$160.2M
Q4 24
$162.4M
Q3 24
$164.7M
Q2 24
$166.9M
Q1 24
$172.1M
Stockholders' Equity
MAA
MAA
MAX
MAX
Q4 25
$5.7B
$4.2M
Q3 25
$5.8B
$-29.8M
Q2 25
$5.9B
$-3.8M
Q1 25
$5.9B
$7.9M
Q4 24
$5.9B
$2.4M
Q3 24
$5.9B
$-8.4M
Q2 24
$6.0B
$-24.4M
Q1 24
$6.1B
$-19.1M
Total Assets
MAA
MAA
MAX
MAX
Q4 25
$12.0B
$383.8M
Q3 25
$11.9B
$266.2M
Q2 25
$11.8B
$249.4M
Q1 25
$11.8B
$240.0M
Q4 24
$11.8B
$262.4M
Q3 24
$11.8B
$236.1M
Q2 24
$11.6B
$198.2M
Q1 24
$11.5B
$153.0M
Debt / Equity
MAA
MAA
MAX
MAX
Q4 25
36.88×
Q3 25
Q2 25
Q1 25
20.23×
Q4 24
68.31×
Q3 24
Q2 24
Q1 24

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
MAX
MAX
Operating Cash FlowLast quarter
$261.7M
$-7.4M
Free Cash FlowOCF − Capex
$158.6M
$-7.5M
FCF MarginFCF / Revenue
28.5%
-2.6%
Capex IntensityCapex / Revenue
18.6%
0.0%
Cash ConversionOCF / Net Profit
4.55×
-0.24×
TTM Free Cash FlowTrailing 4 quarters
$717.9M
$65.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAA
MAA
MAX
MAX
Q4 25
$261.7M
$-7.4M
Q3 25
$266.4M
$23.6M
Q2 25
$353.4M
$25.7M
Q1 25
$196.6M
$23.7M
Q4 24
$239.1M
$14.5M
Q3 24
$309.5M
$8.1M
Q2 24
$349.4M
$21.6M
Q1 24
$200.3M
$1.7M
Free Cash Flow
MAA
MAA
MAX
MAX
Q4 25
$158.6M
$-7.5M
Q3 25
$170.8M
$23.6M
Q2 25
$264.5M
$25.5M
Q1 25
$124.0M
$23.6M
Q4 24
$152.6M
$14.5M
Q3 24
$215.5M
$8.0M
Q2 24
$259.7M
$21.5M
Q1 24
$148.2M
$1.6M
FCF Margin
MAA
MAA
MAX
MAX
Q4 25
28.5%
-2.6%
Q3 25
30.8%
7.7%
Q2 25
48.1%
10.2%
Q1 25
22.6%
8.9%
Q4 24
27.8%
4.8%
Q3 24
39.1%
3.1%
Q2 24
47.5%
12.0%
Q1 24
27.3%
1.3%
Capex Intensity
MAA
MAA
MAX
MAX
Q4 25
18.6%
0.0%
Q3 25
17.2%
0.0%
Q2 25
16.2%
0.1%
Q1 25
13.2%
0.0%
Q4 24
15.7%
0.0%
Q3 24
17.1%
0.0%
Q2 24
16.4%
0.1%
Q1 24
9.6%
0.0%
Cash Conversion
MAA
MAA
MAX
MAX
Q4 25
4.55×
-0.24×
Q3 25
2.68×
1.58×
Q2 25
3.27×
Q1 25
1.08×
Q4 24
1.43×
3.13×
Q3 24
2.69×
0.85×
Q2 24
3.43×
5.97×
Q1 24
1.39×

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%

MAX
MAX

Property And Casualty Insurance$264.8M91%
Health Insurance$20.8M7%
Sales Channel Through Intermediary$7.2M2%

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