vs

Side-by-side financial comparison of Mid-America Apartment Communities (MAA) and Dave & Buster's Entertainment, Inc. (PLAY). 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 $448.2M, roughly 1.2× Dave & Buster's Entertainment, Inc.). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs -1.1%). Over the past eight quarters, Mid-America Apartment Communities's revenue compounded faster (0.7% CAGR vs -13.5%).

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.

Dave & Buster's Entertainment, Inc. is an American restaurant and entertainment business headquartered in Dallas. Each Dave & Buster's location has a full-service restaurant, full bar, and a video arcade, the latter of which is known as the "Million Dollar Midway". As of February 2024, the company has 158 locations in the United States, as well as two in Puerto Rico and two in Canada.

MAA vs PLAY — Head-to-Head

Bigger by revenue
MAA
MAA
1.2× larger
MAA
$553.7M
$448.2M
PLAY
Growing faster (revenue YoY)
MAA
MAA
+439.8% gap
MAA
438.7%
-1.1%
PLAY
Faster 2-yr revenue CAGR
MAA
MAA
Annualised
MAA
0.7%
-13.5%
PLAY

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
MAA
MAA
PLAY
PLAY
Revenue
$553.7M
$448.2M
Net Profit
$-42.1M
Gross Margin
85.8%
Operating Margin
-3.6%
Net Margin
-9.4%
Revenue YoY
438.7%
-1.1%
Net Profit YoY
-28.7%
EPS (diluted)
$4.34
$-1.22

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
PLAY
PLAY
Q1 26
$553.7M
Q4 25
$555.6M
$448.2M
Q3 25
$554.4M
$557.4M
Q2 25
$549.9M
$567.7M
Q1 25
$549.3M
$534.5M
Q4 24
$549.8M
$453.0M
Q3 24
$551.1M
$557.1M
Q2 24
$546.4M
$588.1M
Net Profit
MAA
MAA
PLAY
PLAY
Q1 26
Q4 25
$57.6M
$-42.1M
Q3 25
$99.5M
$11.4M
Q2 25
$108.1M
$21.7M
Q1 25
$181.7M
$9.3M
Q4 24
$166.6M
$-32.7M
Q3 24
$115.2M
$40.3M
Q2 24
$102.0M
$41.4M
Gross Margin
MAA
MAA
PLAY
PLAY
Q1 26
Q4 25
85.8%
Q3 25
86.3%
Q2 25
85.5%
Q1 25
85.5%
Q4 24
85.0%
Q3 24
85.3%
Q2 24
85.2%
Operating Margin
MAA
MAA
PLAY
PLAY
Q1 26
Q4 25
10.4%
-3.6%
Q3 25
18.7%
9.5%
Q2 25
20.2%
11.1%
Q1 25
34.0%
8.3%
Q4 24
31.3%
1.4%
Q3 24
21.5%
15.2%
Q2 24
19.3%
14.5%
Net Margin
MAA
MAA
PLAY
PLAY
Q1 26
Q4 25
10.4%
-9.4%
Q3 25
18.0%
2.0%
Q2 25
19.7%
3.8%
Q1 25
33.1%
1.7%
Q4 24
30.3%
-7.2%
Q3 24
20.9%
7.2%
Q2 24
18.7%
7.0%
EPS (diluted)
MAA
MAA
PLAY
PLAY
Q1 26
$4.34
Q4 25
$0.48
$-1.22
Q3 25
$0.84
$0.32
Q2 25
$0.92
$0.62
Q1 25
$1.54
$0.32
Q4 24
$1.43
$-0.84
Q3 24
$0.98
$0.99
Q2 24
$0.86
$0.99

Balance Sheet & Financial Strength

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

Metric
MAA
MAA
PLAY
PLAY
Cash + ST InvestmentsLiquidity on hand
$13.6M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$130.8M
Total Assets
$4.1B
Debt / EquityLower = less leverage
12.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAA
MAA
PLAY
PLAY
Q1 26
Q4 25
$60.3M
$13.6M
Q3 25
$32.2M
$12.0M
Q2 25
$54.5M
$11.9M
Q1 25
$55.8M
$6.9M
Q4 24
$43.0M
$8.6M
Q3 24
$50.2M
$13.1M
Q2 24
$62.8M
$32.1M
Total Debt
MAA
MAA
PLAY
PLAY
Q1 26
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.3B
Q2 24
$1.3B
Stockholders' Equity
MAA
MAA
PLAY
PLAY
Q1 26
Q4 25
$5.7B
$130.8M
Q3 25
$5.8B
$166.2M
Q2 25
$5.9B
$146.8M
Q1 25
$5.9B
$145.8M
Q4 24
$5.9B
$226.6M
Q3 24
$5.9B
$284.4M
Q2 24
$6.0B
$292.5M
Total Assets
MAA
MAA
PLAY
PLAY
Q1 26
Q4 25
$12.0B
$4.1B
Q3 25
$11.9B
$4.1B
Q2 25
$11.8B
$4.1B
Q1 25
$11.8B
$4.0B
Q4 24
$11.8B
$3.9B
Q3 24
$11.8B
$3.8B
Q2 24
$11.6B
$3.8B
Debt / Equity
MAA
MAA
PLAY
PLAY
Q1 26
Q4 25
12.17×
Q3 25
9.57×
Q2 25
10.98×
Q1 25
10.45×
Q4 24
6.58×
Q3 24
4.72×
Q2 24
4.58×

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
PLAY
PLAY
Operating Cash FlowLast quarter
$58.0M
Free Cash FlowOCF − Capex
$-20.6M
FCF MarginFCF / Revenue
-4.6%
Capex IntensityCapex / Revenue
17.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-195.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAA
MAA
PLAY
PLAY
Q1 26
Q4 25
$261.7M
$58.0M
Q3 25
$266.4M
$34.0M
Q2 25
$353.4M
$95.8M
Q1 25
$196.6M
$108.9M
Q4 24
$239.1M
$-7.2M
Q3 24
$309.5M
$101.8M
Q2 24
$349.4M
$108.8M
Free Cash Flow
MAA
MAA
PLAY
PLAY
Q1 26
Q4 25
$158.6M
$-20.6M
Q3 25
$170.8M
$-55.2M
Q2 25
$264.5M
$-58.8M
Q1 25
$124.0M
$-61.0M
Q4 24
$152.6M
$-138.4M
Q3 24
$215.5M
$-14.3M
Q2 24
$259.7M
$-4.2M
FCF Margin
MAA
MAA
PLAY
PLAY
Q1 26
Q4 25
28.5%
-4.6%
Q3 25
30.8%
-9.9%
Q2 25
48.1%
-10.4%
Q1 25
22.6%
-11.4%
Q4 24
27.8%
-30.6%
Q3 24
39.1%
-2.6%
Q2 24
47.5%
-0.7%
Capex Intensity
MAA
MAA
PLAY
PLAY
Q1 26
Q4 25
18.6%
17.5%
Q3 25
17.2%
16.0%
Q2 25
16.2%
27.2%
Q1 25
13.2%
31.8%
Q4 24
15.7%
29.0%
Q3 24
17.1%
20.8%
Q2 24
16.4%
19.2%
Cash Conversion
MAA
MAA
PLAY
PLAY
Q1 26
Q4 25
4.55×
Q3 25
2.68×
2.98×
Q2 25
3.27×
4.41×
Q1 25
1.08×
11.71×
Q4 24
1.43×
Q3 24
2.69×
2.53×
Q2 24
3.43×
2.63×

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%

PLAY
PLAY

Game Play Credit Usage$273.1M61%
Food And Nonalcoholic Beverages$115.1M26%
Alcoholic Beverage$53.7M12%
Other Entertainment$6.3M1%
Gift Card Revenue$3.5M1%

Related Comparisons