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Side-by-side financial comparison of Mid-America Apartment Communities (MAA) and National Energy Services Reunited Corp. (NESR). 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 $295.3M, roughly 1.9× National Energy Services Reunited Corp.). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs -12.2%).

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.

National Energy Services Reunited Corp. is a leading integrated oilfield services provider offering a full suite of solutions covering well construction, completion, production, and intervention services for upstream oil and gas operators. Its core markets cover the Middle East, North Africa, and East Asia, serving both national oil companies and international energy clients.

MAA vs NESR — Head-to-Head

Bigger by revenue
MAA
MAA
1.9× larger
MAA
$553.7M
$295.3M
NESR
Growing faster (revenue YoY)
MAA
MAA
+450.9% gap
MAA
438.7%
-12.2%
NESR

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
MAA
MAA
NESR
NESR
Revenue
$553.7M
$295.3M
Net Profit
$17.7M
Gross Margin
12.0%
Operating Margin
6.6%
Net Margin
6.0%
Revenue YoY
438.7%
-12.2%
Net Profit YoY
-14.0%
EPS (diluted)
$4.34
$0.18

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
NESR
NESR
Q1 26
$553.7M
Q4 25
$555.6M
Q3 25
$554.4M
$295.3M
Q2 25
$549.9M
$327.4M
Q1 25
$549.3M
$303.1M
Q4 24
$549.8M
Q3 24
$551.1M
$336.2M
Q2 24
$546.4M
$325.0M
Net Profit
MAA
MAA
NESR
NESR
Q1 26
Q4 25
$57.6M
Q3 25
$99.5M
$17.7M
Q2 25
$108.1M
$15.2M
Q1 25
$181.7M
$10.4M
Q4 24
$166.6M
Q3 24
$115.2M
$20.6M
Q2 24
$102.0M
$18.9M
Gross Margin
MAA
MAA
NESR
NESR
Q1 26
Q4 25
Q3 25
12.0%
Q2 25
13.4%
Q1 25
12.4%
Q4 24
Q3 24
15.9%
Q2 24
16.4%
Operating Margin
MAA
MAA
NESR
NESR
Q1 26
Q4 25
10.4%
Q3 25
18.7%
6.6%
Q2 25
20.2%
8.3%
Q1 25
34.0%
6.9%
Q4 24
31.3%
Q3 24
21.5%
10.5%
Q2 24
19.3%
10.5%
Net Margin
MAA
MAA
NESR
NESR
Q1 26
Q4 25
10.4%
Q3 25
18.0%
6.0%
Q2 25
19.7%
4.6%
Q1 25
33.1%
3.4%
Q4 24
30.3%
Q3 24
20.9%
6.1%
Q2 24
18.7%
5.8%
EPS (diluted)
MAA
MAA
NESR
NESR
Q1 26
$4.34
Q4 25
$0.48
Q3 25
$0.84
$0.18
Q2 25
$0.92
$0.16
Q1 25
$1.54
$0.11
Q4 24
$1.43
Q3 24
$0.98
$0.22
Q2 24
$0.86
$0.20

Balance Sheet & Financial Strength

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

Metric
MAA
MAA
NESR
NESR
Cash + ST InvestmentsLiquidity on hand
$69.7M
Total DebtLower is stronger
$274.1M
Stockholders' EquityBook value
$956.7M
Total Assets
$1.8B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAA
MAA
NESR
NESR
Q1 26
Q4 25
$60.3M
Q3 25
$32.2M
$69.7M
Q2 25
$54.5M
$131.8M
Q1 25
$55.8M
$78.7M
Q4 24
$43.0M
Q3 24
$50.2M
$118.2M
Q2 24
$62.8M
$75.0M
Total Debt
MAA
MAA
NESR
NESR
Q1 26
Q4 25
Q3 25
$274.1M
Q2 25
$291.7M
Q1 25
$309.2M
Q4 24
Q3 24
$358.7M
Q2 24
$376.7M
Stockholders' Equity
MAA
MAA
NESR
NESR
Q1 26
Q4 25
$5.7B
Q3 25
$5.8B
$956.7M
Q2 25
$5.9B
$936.9M
Q1 25
$5.9B
$920.5M
Q4 24
$5.9B
Q3 24
$5.9B
$873.5M
Q2 24
$6.0B
$851.4M
Total Assets
MAA
MAA
NESR
NESR
Q1 26
Q4 25
$12.0B
Q3 25
$11.9B
$1.8B
Q2 25
$11.8B
$1.8B
Q1 25
$11.8B
$1.8B
Q4 24
$11.8B
Q3 24
$11.8B
$1.8B
Q2 24
$11.6B
$1.8B
Debt / Equity
MAA
MAA
NESR
NESR
Q1 26
Q4 25
Q3 25
0.29×
Q2 25
0.31×
Q1 25
0.34×
Q4 24
Q3 24
0.41×
Q2 24
0.44×

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
NESR
NESR
Operating Cash FlowLast quarter
$6.7M
Free Cash FlowOCF − Capex
$-34.1M
FCF MarginFCF / Revenue
-11.5%
Capex IntensityCapex / Revenue
13.8%
Cash ConversionOCF / Net Profit
0.38×
TTM Free Cash FlowTrailing 4 quarters
$68.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAA
MAA
NESR
NESR
Q1 26
Q4 25
$261.7M
Q3 25
$266.4M
$6.7M
Q2 25
$353.4M
$98.5M
Q1 25
$196.6M
$20.5M
Q4 24
$239.1M
Q3 24
$309.5M
$70.8M
Q2 24
$349.4M
Free Cash Flow
MAA
MAA
NESR
NESR
Q1 26
Q4 25
$158.6M
Q3 25
$170.8M
$-34.1M
Q2 25
$264.5M
$68.7M
Q1 25
$124.0M
$-9.6M
Q4 24
$152.6M
Q3 24
$215.5M
$43.4M
Q2 24
$259.7M
FCF Margin
MAA
MAA
NESR
NESR
Q1 26
Q4 25
28.5%
Q3 25
30.8%
-11.5%
Q2 25
48.1%
21.0%
Q1 25
22.6%
-3.2%
Q4 24
27.8%
Q3 24
39.1%
12.9%
Q2 24
47.5%
Capex Intensity
MAA
MAA
NESR
NESR
Q1 26
Q4 25
18.6%
Q3 25
17.2%
13.8%
Q2 25
16.2%
9.1%
Q1 25
13.2%
9.9%
Q4 24
15.7%
Q3 24
17.1%
8.1%
Q2 24
16.4%
Cash Conversion
MAA
MAA
NESR
NESR
Q1 26
Q4 25
4.55×
Q3 25
2.68×
0.38×
Q2 25
3.27×
6.48×
Q1 25
1.08×
1.97×
Q4 24
1.43×
Q3 24
2.69×
3.43×
Q2 24
3.43×

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%

NESR
NESR

Production Services$174.4M59%
Drilling And Evaluation Services$120.9M41%

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