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Side-by-side financial comparison of Mid-America Apartment Communities (MAA) and MUELLER INDUSTRIES INC (MLI). Click either name above to swap in a different company.

MUELLER INDUSTRIES INC is the larger business by last-quarter revenue ($962.4M 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 4.2%). Over the past eight quarters, MUELLER INDUSTRIES INC's revenue compounded faster (6.4% CAGR vs 0.7%).

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.

Mueller Industries is an American manufacturing company that specializes in piping, industrial metals and climate machinery. It was founded in 1917 and is included on the Fortune 1000 list in 2022. The head office of the company is located in Memphis, Tennessee. Mueller Industries, Inc. is a multi-billion dollar revenue company that is publicly traded.

MAA vs MLI — Head-to-Head

Bigger by revenue
MLI
MLI
1.7× larger
MLI
$962.4M
$553.7M
MAA
Growing faster (revenue YoY)
MAA
MAA
+434.5% gap
MAA
438.7%
4.2%
MLI
Faster 2-yr revenue CAGR
MLI
MLI
Annualised
MLI
6.4%
0.7%
MAA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MAA
MAA
MLI
MLI
Revenue
$553.7M
$962.4M
Net Profit
$153.7M
Gross Margin
Operating Margin
17.9%
Net Margin
16.0%
Revenue YoY
438.7%
4.2%
Net Profit YoY
11.7%
EPS (diluted)
$4.34
$1.37

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
MLI
MLI
Q1 26
$553.7M
Q4 25
$555.6M
$962.4M
Q3 25
$554.4M
$1.1B
Q2 25
$549.9M
$1.1B
Q1 25
$549.3M
$1.0B
Q4 24
$549.8M
$923.5M
Q3 24
$551.1M
$997.8M
Q2 24
$546.4M
$997.7M
Net Profit
MAA
MAA
MLI
MLI
Q1 26
Q4 25
$57.6M
$153.7M
Q3 25
$99.5M
$208.1M
Q2 25
$108.1M
$245.9M
Q1 25
$181.7M
$157.4M
Q4 24
$166.6M
$137.7M
Q3 24
$115.2M
$168.7M
Q2 24
$102.0M
$160.2M
Gross Margin
MAA
MAA
MLI
MLI
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
27.6%
Q2 24
27.3%
Operating Margin
MAA
MAA
MLI
MLI
Q1 26
Q4 25
10.4%
17.9%
Q3 25
18.7%
25.6%
Q2 25
20.2%
26.7%
Q1 25
34.0%
20.6%
Q4 24
31.3%
18.4%
Q3 24
21.5%
20.7%
Q2 24
19.3%
21.0%
Net Margin
MAA
MAA
MLI
MLI
Q1 26
Q4 25
10.4%
16.0%
Q3 25
18.0%
19.3%
Q2 25
19.7%
21.6%
Q1 25
33.1%
15.7%
Q4 24
30.3%
14.9%
Q3 24
20.9%
16.9%
Q2 24
18.7%
16.1%
EPS (diluted)
MAA
MAA
MLI
MLI
Q1 26
$4.34
Q4 25
$0.48
$1.37
Q3 25
$0.84
$1.88
Q2 25
$0.92
$2.22
Q1 25
$1.54
$1.39
Q4 24
$1.43
$1.21
Q3 24
$0.98
$1.48
Q2 24
$0.86
$1.41

Balance Sheet & Financial Strength

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

Metric
MAA
MAA
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2B
Total Assets
$3.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAA
MAA
MLI
MLI
Q1 26
Q4 25
$60.3M
$1.4B
Q3 25
$32.2M
$1.3B
Q2 25
$54.5M
$1.1B
Q1 25
$55.8M
$873.6M
Q4 24
$43.0M
$1.1B
Q3 24
$50.2M
$969.6M
Q2 24
$62.8M
$825.7M
Stockholders' Equity
MAA
MAA
MLI
MLI
Q1 26
Q4 25
$5.7B
$3.2B
Q3 25
$5.8B
$3.1B
Q2 25
$5.9B
$2.9B
Q1 25
$5.9B
$2.7B
Q4 24
$5.9B
$2.8B
Q3 24
$5.9B
$2.7B
Q2 24
$6.0B
$2.5B
Total Assets
MAA
MAA
MLI
MLI
Q1 26
Q4 25
$12.0B
$3.7B
Q3 25
$11.9B
$3.7B
Q2 25
$11.8B
$3.5B
Q1 25
$11.8B
$3.2B
Q4 24
$11.8B
$3.3B
Q3 24
$11.8B
$3.2B
Q2 24
$11.6B
$3.1B

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
MLI
MLI
Operating Cash FlowLast quarter
$141.2M
Free Cash FlowOCF − Capex
$121.4M
FCF MarginFCF / Revenue
12.6%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
0.92×
TTM Free Cash FlowTrailing 4 quarters
$686.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAA
MAA
MLI
MLI
Q1 26
Q4 25
$261.7M
$141.2M
Q3 25
$266.4M
$310.1M
Q2 25
$353.4M
$190.6M
Q1 25
$196.6M
$113.6M
Q4 24
$239.1M
$140.1M
Q3 24
$309.5M
$231.4M
Q2 24
$349.4M
$100.8M
Free Cash Flow
MAA
MAA
MLI
MLI
Q1 26
Q4 25
$158.6M
$121.4M
Q3 25
$170.8M
$291.8M
Q2 25
$264.5M
$176.5M
Q1 25
$124.0M
$97.0M
Q4 24
$152.6M
$111.2M
Q3 24
$215.5M
$205.7M
Q2 24
$259.7M
$91.6M
FCF Margin
MAA
MAA
MLI
MLI
Q1 26
Q4 25
28.5%
12.6%
Q3 25
30.8%
27.1%
Q2 25
48.1%
15.5%
Q1 25
22.6%
9.7%
Q4 24
27.8%
12.0%
Q3 24
39.1%
20.6%
Q2 24
47.5%
9.2%
Capex Intensity
MAA
MAA
MLI
MLI
Q1 26
Q4 25
18.6%
2.1%
Q3 25
17.2%
1.7%
Q2 25
16.2%
1.2%
Q1 25
13.2%
1.7%
Q4 24
15.7%
3.1%
Q3 24
17.1%
2.6%
Q2 24
16.4%
0.9%
Cash Conversion
MAA
MAA
MLI
MLI
Q1 26
Q4 25
4.55×
0.92×
Q3 25
2.68×
1.49×
Q2 25
3.27×
0.78×
Q1 25
1.08×
0.72×
Q4 24
1.43×
1.02×
Q3 24
2.69×
1.37×
Q2 24
3.43×
0.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAA
MAA

Same Store Communities$517.0M93%
Non-Same Store Communities$22.1M4%
Lease-up/Development Communities$7.7M1%
Commercial Property/Land$7.0M1%

MLI
MLI

Tube And Fittings$484.6M50%
Industrial Metals$252.2M26%
Valves And Plumbing Specialties$122.5M13%
Flex Duct And Other HVAC Components$80.8M8%
Other Products$14.9M2%

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