vs

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

PHINIA INC. is the larger business by last-quarter revenue ($889.0M vs $555.6M, roughly 1.6× Mid-America Apartment Communities). On growth, PHINIA INC. posted the faster year-over-year revenue change (6.7% vs 1.0%). Mid-America Apartment Communities produced more free cash flow last quarter ($158.6M vs $67.0M). Over the past eight quarters, PHINIA INC.'s revenue compounded faster (1.5% 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.

PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.

MAA vs PHIN — Head-to-Head

Bigger by revenue
PHIN
PHIN
1.6× larger
PHIN
$889.0M
$555.6M
MAA
Growing faster (revenue YoY)
PHIN
PHIN
+5.7% gap
PHIN
6.7%
1.0%
MAA
More free cash flow
MAA
MAA
$91.6M more FCF
MAA
$158.6M
$67.0M
PHIN
Faster 2-yr revenue CAGR
PHIN
PHIN
Annualised
PHIN
1.5%
1.1%
MAA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MAA
MAA
PHIN
PHIN
Revenue
$555.6M
$889.0M
Net Profit
$57.6M
Gross Margin
21.7%
Operating Margin
10.4%
7.8%
Net Margin
10.4%
Revenue YoY
1.0%
6.7%
Net Profit YoY
-65.5%
EPS (diluted)
$0.48
$1.14

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
PHIN
PHIN
Q4 25
$555.6M
$889.0M
Q3 25
$554.4M
$908.0M
Q2 25
$549.9M
$890.0M
Q1 25
$549.3M
$796.0M
Q4 24
$549.8M
$833.0M
Q3 24
$551.1M
$839.0M
Q2 24
$546.4M
$868.0M
Q1 24
$543.6M
$863.0M
Net Profit
MAA
MAA
PHIN
PHIN
Q4 25
$57.6M
Q3 25
$99.5M
$13.0M
Q2 25
$108.1M
$46.0M
Q1 25
$181.7M
$26.0M
Q4 24
$166.6M
Q3 24
$115.2M
$31.0M
Q2 24
$102.0M
$14.0M
Q1 24
$143.7M
$29.0M
Gross Margin
MAA
MAA
PHIN
PHIN
Q4 25
21.7%
Q3 25
22.0%
Q2 25
22.1%
Q1 25
21.6%
Q4 24
22.7%
Q3 24
22.3%
Q2 24
21.7%
Q1 24
22.2%
Operating Margin
MAA
MAA
PHIN
PHIN
Q4 25
10.4%
7.8%
Q3 25
18.7%
3.7%
Q2 25
20.2%
10.0%
Q1 25
34.0%
7.8%
Q4 24
31.3%
6.1%
Q3 24
21.5%
7.9%
Q2 24
19.3%
8.2%
Q1 24
27.4%
8.2%
Net Margin
MAA
MAA
PHIN
PHIN
Q4 25
10.4%
Q3 25
18.0%
1.4%
Q2 25
19.7%
5.2%
Q1 25
33.1%
3.3%
Q4 24
30.3%
Q3 24
20.9%
3.7%
Q2 24
18.7%
1.6%
Q1 24
26.4%
3.4%
EPS (diluted)
MAA
MAA
PHIN
PHIN
Q4 25
$0.48
$1.14
Q3 25
$0.84
$0.33
Q2 25
$0.92
$1.14
Q1 25
$1.54
$0.63
Q4 24
$1.43
$0.13
Q3 24
$0.98
$0.70
Q2 24
$0.86
$0.31
Q1 24
$1.22
$0.62

Balance Sheet & Financial Strength

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

Metric
MAA
MAA
PHIN
PHIN
Cash + ST InvestmentsLiquidity on hand
$60.3M
$359.0M
Total DebtLower is stronger
$970.0M
Stockholders' EquityBook value
$5.7B
$1.6B
Total Assets
$12.0B
$3.8B
Debt / EquityLower = less leverage
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAA
MAA
PHIN
PHIN
Q4 25
$60.3M
$359.0M
Q3 25
$32.2M
$349.0M
Q2 25
$54.5M
$347.0M
Q1 25
$55.8M
$373.0M
Q4 24
$43.0M
$484.0M
Q3 24
$50.2M
$477.0M
Q2 24
$62.8M
$339.0M
Q1 24
$54.6M
$325.0M
Total Debt
MAA
MAA
PHIN
PHIN
Q4 25
$970.0M
Q3 25
$990.0M
Q2 25
$990.0M
Q1 25
$989.0M
Q4 24
$988.0M
Q3 24
$987.0M
Q2 24
$821.0M
Q1 24
$706.0M
Stockholders' Equity
MAA
MAA
PHIN
PHIN
Q4 25
$5.7B
$1.6B
Q3 25
$5.8B
$1.6B
Q2 25
$5.9B
$1.6B
Q1 25
$5.9B
$1.5B
Q4 24
$5.9B
$1.6B
Q3 24
$5.9B
$1.7B
Q2 24
$6.0B
$1.7B
Q1 24
$6.1B
$1.9B
Total Assets
MAA
MAA
PHIN
PHIN
Q4 25
$12.0B
$3.8B
Q3 25
$11.9B
$4.0B
Q2 25
$11.8B
$3.9B
Q1 25
$11.8B
$3.7B
Q4 24
$11.8B
$3.8B
Q3 24
$11.8B
$4.0B
Q2 24
$11.6B
$3.9B
Q1 24
$11.5B
$4.0B
Debt / Equity
MAA
MAA
PHIN
PHIN
Q4 25
0.61×
Q3 25
0.62×
Q2 25
0.61×
Q1 25
0.64×
Q4 24
0.63×
Q3 24
0.58×
Q2 24
0.47×
Q1 24
0.38×

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
PHIN
PHIN
Operating Cash FlowLast quarter
$261.7M
$96.0M
Free Cash FlowOCF − Capex
$158.6M
$67.0M
FCF MarginFCF / Revenue
28.5%
7.5%
Capex IntensityCapex / Revenue
18.6%
3.3%
Cash ConversionOCF / Net Profit
4.55×
TTM Free Cash FlowTrailing 4 quarters
$717.9M
$188.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAA
MAA
PHIN
PHIN
Q4 25
$261.7M
$96.0M
Q3 25
$266.4M
$119.0M
Q2 25
$353.4M
$57.0M
Q1 25
$196.6M
$40.0M
Q4 24
$239.1M
$73.0M
Q3 24
$309.5M
$95.0M
Q2 24
$349.4M
$109.0M
Q1 24
$200.3M
$31.0M
Free Cash Flow
MAA
MAA
PHIN
PHIN
Q4 25
$158.6M
$67.0M
Q3 25
$170.8M
$93.0M
Q2 25
$264.5M
$23.0M
Q1 25
$124.0M
$5.0M
Q4 24
$152.6M
$53.0M
Q3 24
$215.5M
$70.0M
Q2 24
$259.7M
$92.0M
Q1 24
$148.2M
$-12.0M
FCF Margin
MAA
MAA
PHIN
PHIN
Q4 25
28.5%
7.5%
Q3 25
30.8%
10.2%
Q2 25
48.1%
2.6%
Q1 25
22.6%
0.6%
Q4 24
27.8%
6.4%
Q3 24
39.1%
8.3%
Q2 24
47.5%
10.6%
Q1 24
27.3%
-1.4%
Capex Intensity
MAA
MAA
PHIN
PHIN
Q4 25
18.6%
3.3%
Q3 25
17.2%
2.9%
Q2 25
16.2%
3.8%
Q1 25
13.2%
4.4%
Q4 24
15.7%
2.4%
Q3 24
17.1%
3.0%
Q2 24
16.4%
2.0%
Q1 24
9.6%
5.0%
Cash Conversion
MAA
MAA
PHIN
PHIN
Q4 25
4.55×
Q3 25
2.68×
9.15×
Q2 25
3.27×
1.24×
Q1 25
1.08×
1.54×
Q4 24
1.43×
Q3 24
2.69×
3.06×
Q2 24
3.43×
7.79×
Q1 24
1.39×
1.07×

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%

PHIN
PHIN

Customer$618.0M70%
Fuel Systems$194.0M22%
Other$77.0M9%

Related Comparisons