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Side-by-side financial comparison of Mid-America Apartment Communities (MAA) and PHIBRO ANIMAL HEALTH CORP (PAHC). 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 $373.9M, roughly 1.5× PHIBRO ANIMAL HEALTH CORP). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 20.9%). Over the past eight quarters, PHIBRO ANIMAL HEALTH CORP's revenue compounded faster (19.2% 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.

Phibro Animal Health Corporation is an American animal health and mineral nutrition company. Its products include antibacterials, anticoccidials, anthelmintics, as well as animal nutrition and vaccines for livestock. The company operates through three segments Mineral Nutrition, Performance Materials, and Animal Health, from which most of its revenue is derived. The company operates in the United States, Latin America, Canada, Europe, Middle East, Africa, and Asia-Pacific. It is incorporated ...

MAA vs PAHC — Head-to-Head

Bigger by revenue
MAA
MAA
1.5× larger
MAA
$553.7M
$373.9M
PAHC
Growing faster (revenue YoY)
MAA
MAA
+417.8% gap
MAA
438.7%
20.9%
PAHC
Faster 2-yr revenue CAGR
PAHC
PAHC
Annualised
PAHC
19.2%
0.7%
MAA

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
MAA
MAA
PAHC
PAHC
Revenue
$553.7M
$373.9M
Net Profit
$27.5M
Gross Margin
35.5%
Operating Margin
13.5%
Net Margin
7.3%
Revenue YoY
438.7%
20.9%
Net Profit YoY
762.1%
EPS (diluted)
$4.34
$0.67

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
PAHC
PAHC
Q1 26
$553.7M
Q4 25
$555.6M
$373.9M
Q3 25
$554.4M
$363.9M
Q2 25
$549.9M
$378.7M
Q1 25
$549.3M
$347.8M
Q4 24
$549.8M
$309.3M
Q3 24
$551.1M
$260.4M
Q2 24
$546.4M
$273.2M
Net Profit
MAA
MAA
PAHC
PAHC
Q1 26
Q4 25
$57.6M
$27.5M
Q3 25
$99.5M
$26.5M
Q2 25
$108.1M
$17.2M
Q1 25
$181.7M
$20.9M
Q4 24
$166.6M
$3.2M
Q3 24
$115.2M
$7.0M
Q2 24
$102.0M
$752.0K
Gross Margin
MAA
MAA
PAHC
PAHC
Q1 26
Q4 25
35.5%
Q3 25
32.9%
Q2 25
29.0%
Q1 25
30.1%
Q4 24
32.9%
Q3 24
32.1%
Q2 24
31.9%
Operating Margin
MAA
MAA
PAHC
PAHC
Q1 26
Q4 25
10.4%
13.5%
Q3 25
18.7%
14.1%
Q2 25
20.2%
8.9%
Q1 25
34.0%
9.6%
Q4 24
31.3%
8.3%
Q3 24
21.5%
6.8%
Q2 24
19.3%
6.7%
Net Margin
MAA
MAA
PAHC
PAHC
Q1 26
Q4 25
10.4%
7.3%
Q3 25
18.0%
7.3%
Q2 25
19.7%
4.5%
Q1 25
33.1%
6.0%
Q4 24
30.3%
1.0%
Q3 24
20.9%
2.7%
Q2 24
18.7%
0.3%
EPS (diluted)
MAA
MAA
PAHC
PAHC
Q1 26
$4.34
Q4 25
$0.48
$0.67
Q3 25
$0.84
$0.65
Q2 25
$0.92
$0.43
Q1 25
$1.54
$0.51
Q4 24
$1.43
$0.08
Q3 24
$0.98
$0.17
Q2 24
$0.86
$0.02

Balance Sheet & Financial Strength

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

Metric
MAA
MAA
PAHC
PAHC
Cash + ST InvestmentsLiquidity on hand
$74.5M
Total DebtLower is stronger
$624.2M
Stockholders' EquityBook value
$332.4M
Total Assets
$1.4B
Debt / EquityLower = less leverage
1.88×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAA
MAA
PAHC
PAHC
Q1 26
Q4 25
$60.3M
$74.5M
Q3 25
$32.2M
$85.3M
Q2 25
$54.5M
$77.0M
Q1 25
$55.8M
$70.4M
Q4 24
$43.0M
$67.1M
Q3 24
$50.2M
$89.8M
Q2 24
$62.8M
$114.6M
Total Debt
MAA
MAA
PAHC
PAHC
Q1 26
Q4 25
$624.2M
Q3 25
$628.0M
Q2 25
$631.7M
Q1 25
$635.4M
Q4 24
$639.1M
Q3 24
$295.2M
Q2 24
$312.1M
Stockholders' Equity
MAA
MAA
PAHC
PAHC
Q1 26
Q4 25
$5.7B
$332.4M
Q3 25
$5.8B
$311.7M
Q2 25
$5.9B
$285.7M
Q1 25
$5.9B
$266.0M
Q4 24
$5.9B
$246.8M
Q3 24
$5.9B
$258.5M
Q2 24
$6.0B
$256.6M
Total Assets
MAA
MAA
PAHC
PAHC
Q1 26
Q4 25
$12.0B
$1.4B
Q3 25
$11.9B
$1.4B
Q2 25
$11.8B
$1.4B
Q1 25
$11.8B
$1.3B
Q4 24
$11.8B
$1.3B
Q3 24
$11.8B
$966.3M
Q2 24
$11.6B
$982.2M
Debt / Equity
MAA
MAA
PAHC
PAHC
Q1 26
Q4 25
1.88×
Q3 25
2.01×
Q2 25
2.21×
Q1 25
2.39×
Q4 24
2.59×
Q3 24
1.14×
Q2 24
1.22×

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
PAHC
PAHC
Operating Cash FlowLast quarter
$19.4M
Free Cash FlowOCF − Capex
$8.3M
FCF MarginFCF / Revenue
2.2%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
0.70×
TTM Free Cash FlowTrailing 4 quarters
$47.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAA
MAA
PAHC
PAHC
Q1 26
Q4 25
$261.7M
$19.4M
Q3 25
$266.4M
$9.3M
Q2 25
$353.4M
$21.3M
Q1 25
$196.6M
$43.2M
Q4 24
$239.1M
$3.1M
Q3 24
$309.5M
$12.6M
Q2 24
$349.4M
$28.4M
Free Cash Flow
MAA
MAA
PAHC
PAHC
Q1 26
Q4 25
$158.6M
$8.3M
Q3 25
$170.8M
$-4.5M
Q2 25
$264.5M
$8.1M
Q1 25
$124.0M
$35.4M
Q4 24
$152.6M
$-4.7M
Q3 24
$215.5M
$3.0M
Q2 24
$259.7M
$15.4M
FCF Margin
MAA
MAA
PAHC
PAHC
Q1 26
Q4 25
28.5%
2.2%
Q3 25
30.8%
-1.2%
Q2 25
48.1%
2.1%
Q1 25
22.6%
10.2%
Q4 24
27.8%
-1.5%
Q3 24
39.1%
1.2%
Q2 24
47.5%
5.6%
Capex Intensity
MAA
MAA
PAHC
PAHC
Q1 26
Q4 25
18.6%
3.0%
Q3 25
17.2%
3.8%
Q2 25
16.2%
3.5%
Q1 25
13.2%
2.2%
Q4 24
15.7%
2.5%
Q3 24
17.1%
3.7%
Q2 24
16.4%
4.8%
Cash Conversion
MAA
MAA
PAHC
PAHC
Q1 26
Q4 25
4.55×
0.70×
Q3 25
2.68×
0.35×
Q2 25
3.27×
1.24×
Q1 25
1.08×
2.07×
Q4 24
1.43×
0.97×
Q3 24
2.69×
1.81×
Q2 24
3.43×
37.80×

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%

PAHC
PAHC

Medicated Feed Additives And Others$202.1M54%
Mineral Nutrition$68.9M18%
Nutritional Specialties$50.2M13%
Vaccines$37.6M10%
Performance Products$15.0M4%

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