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Side-by-side financial comparison of Mid-America Apartment Communities (MAA) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
MODINE MANUFACTURING CO is the larger business by last-quarter revenue ($805.0M vs $553.7M, roughly 1.5× Mid-America Apartment Communities). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 30.5%). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% 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.
Modine Manufacturing is a thermal management company established in 1916 in the United States. The company started as Modine Manufacturing Company by Arthur B Modine who patented the Spirex radiator for tractors. The Modine company manufactured the Turbotube radiator for Ford Model T cars. The company built the world's first vehicular wind tunnel in Racine, Wisconsin in 1941. During WWII, Modine manufactured aftercoolers for the P-51 Mustang fighter plane. After WWII, Modine introduced the Ai...
MAA vs MOD — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $553.7M | $805.0M |
| Net Profit | — | $-47.4M |
| Gross Margin | — | 23.1% |
| Operating Margin | — | 11.1% |
| Net Margin | — | -5.9% |
| Revenue YoY | 438.7% | 30.5% |
| Net Profit YoY | — | -215.6% |
| EPS (diluted) | $4.34 | $-0.90 |
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 | $555.6M | $805.0M | ||
| Q3 25 | $554.4M | $738.9M | ||
| Q2 25 | $549.9M | $682.8M | ||
| Q1 25 | $549.3M | $647.2M | ||
| Q4 24 | $549.8M | $616.8M | ||
| Q3 24 | $551.1M | $658.0M | ||
| Q2 24 | $546.4M | $661.5M |
| Q1 26 | — | — | ||
| Q4 25 | $57.6M | $-47.4M | ||
| Q3 25 | $99.5M | $44.4M | ||
| Q2 25 | $108.1M | $51.2M | ||
| Q1 25 | $181.7M | $49.6M | ||
| Q4 24 | $166.6M | $41.0M | ||
| Q3 24 | $115.2M | $46.1M | ||
| Q2 24 | $102.0M | $47.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 24.6% |
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | 11.1% | ||
| Q3 25 | 18.7% | 9.9% | ||
| Q2 25 | 20.2% | 11.1% | ||
| Q1 25 | 34.0% | 11.5% | ||
| Q4 24 | 31.3% | 9.6% | ||
| Q3 24 | 21.5% | 11.4% | ||
| Q2 24 | 19.3% | 11.2% |
| Q1 26 | — | — | ||
| Q4 25 | 10.4% | -5.9% | ||
| Q3 25 | 18.0% | 6.0% | ||
| Q2 25 | 19.7% | 7.5% | ||
| Q1 25 | 33.1% | 7.7% | ||
| Q4 24 | 30.3% | 6.6% | ||
| Q3 24 | 20.9% | 7.0% | ||
| Q2 24 | 18.7% | 7.2% |
| Q1 26 | $4.34 | — | ||
| Q4 25 | $0.48 | $-0.90 | ||
| Q3 25 | $0.84 | $0.83 | ||
| Q2 25 | $0.92 | $0.95 | ||
| Q1 25 | $1.54 | $0.92 | ||
| Q4 24 | $1.43 | $0.76 | ||
| Q3 24 | $0.98 | $0.86 | ||
| Q2 24 | $0.86 | $0.88 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $98.7M |
| Total DebtLower is stronger | — | $570.7M |
| Stockholders' EquityBook value | — | $1.1B |
| Total Assets | — | $2.5B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $60.3M | $98.7M | ||
| Q3 25 | $32.2M | $83.8M | ||
| Q2 25 | $54.5M | $124.5M | ||
| Q1 25 | $55.8M | $71.6M | ||
| Q4 24 | $43.0M | $83.8M | ||
| Q3 24 | $50.2M | $78.6M | ||
| Q2 24 | $62.8M | $72.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $525.8M | ||
| Q2 25 | — | $482.1M | ||
| Q1 25 | — | $296.7M | ||
| Q4 24 | — | $330.0M | ||
| Q3 24 | — | $359.1M | ||
| Q2 24 | — | $405.7M |
| Q1 26 | — | — | ||
| Q4 25 | $5.7B | $1.1B | ||
| Q3 25 | $5.8B | $1.1B | ||
| Q2 25 | $5.9B | $1.0B | ||
| Q1 25 | $5.9B | $910.2M | ||
| Q4 24 | $5.9B | $855.1M | ||
| Q3 24 | $5.9B | $858.8M | ||
| Q2 24 | $6.0B | $788.4M |
| Q1 26 | — | — | ||
| Q4 25 | $12.0B | $2.5B | ||
| Q3 25 | $11.9B | $2.4B | ||
| Q2 25 | $11.8B | $2.2B | ||
| Q1 25 | $11.8B | $1.9B | ||
| Q4 24 | $11.8B | $1.8B | ||
| Q3 24 | $11.8B | $1.9B | ||
| Q2 24 | $11.6B | $1.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.51× |
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 | — | $24.7M |
| Free Cash FlowOCF − Capex | — | $-17.1M |
| FCF MarginFCF / Revenue | — | -2.1% |
| Capex IntensityCapex / Revenue | — | 5.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $261.7M | $24.7M | ||
| Q3 25 | $266.4M | $1.4M | ||
| Q2 25 | $353.4M | $27.7M | ||
| Q1 25 | $196.6M | $54.8M | ||
| Q4 24 | $239.1M | $60.7M | ||
| Q3 24 | $309.5M | $57.3M | ||
| Q2 24 | $349.4M | $40.5M |
| Q1 26 | — | — | ||
| Q4 25 | $158.6M | $-17.1M | ||
| Q3 25 | $170.8M | $-30.5M | ||
| Q2 25 | $264.5M | $200.0K | ||
| Q1 25 | $124.0M | $27.1M | ||
| Q4 24 | $152.6M | $44.7M | ||
| Q3 24 | $215.5M | $43.8M | ||
| Q2 24 | $259.7M | $13.7M |
| Q1 26 | — | — | ||
| Q4 25 | 28.5% | -2.1% | ||
| Q3 25 | 30.8% | -4.1% | ||
| Q2 25 | 48.1% | 0.0% | ||
| Q1 25 | 22.6% | 4.2% | ||
| Q4 24 | 27.8% | 7.2% | ||
| Q3 24 | 39.1% | 6.7% | ||
| Q2 24 | 47.5% | 2.1% |
| Q1 26 | — | — | ||
| Q4 25 | 18.6% | 5.2% | ||
| Q3 25 | 17.2% | 4.3% | ||
| Q2 25 | 16.2% | 4.0% | ||
| Q1 25 | 13.2% | 4.3% | ||
| Q4 24 | 15.7% | 2.6% | ||
| Q3 24 | 17.1% | 2.1% | ||
| Q2 24 | 16.4% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.55× | — | ||
| Q3 25 | 2.68× | 0.03× | ||
| Q2 25 | 3.27× | 0.54× | ||
| Q1 25 | 1.08× | 1.10× | ||
| Q4 24 | 1.43× | 1.48× | ||
| Q3 24 | 2.69× | 1.24× | ||
| Q2 24 | 3.43× | 0.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
