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Side-by-side financial comparison of Mid-America Apartment Communities (MAA) and Privia Health Group, Inc. (PRVA). Click either name above to swap in a different company.

Privia Health Group, Inc. is the larger business by last-quarter revenue ($603.8M vs $553.7M, roughly 1.1× Mid-America Apartment Communities). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 25.8%). Over the past eight quarters, Privia Health Group, Inc.'s revenue compounded faster (19.6% 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.

Privia Health Group, Inc. is a U.S.-headquartered healthcare technology and services firm supporting independent practices, health systems, and payers delivering value-based care. It offers population health tools, patient engagement platforms, care coordination support, and workflow solutions to boost patient outcomes and cut operational costs for U.S. healthcare stakeholders.

MAA vs PRVA — Head-to-Head

Bigger by revenue
PRVA
PRVA
1.1× larger
PRVA
$603.8M
$553.7M
MAA
Growing faster (revenue YoY)
MAA
MAA
+412.9% gap
MAA
438.7%
25.8%
PRVA
Faster 2-yr revenue CAGR
PRVA
PRVA
Annualised
PRVA
19.6%
0.7%
MAA

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
MAA
MAA
PRVA
PRVA
Revenue
$553.7M
$603.8M
Net Profit
$3.7M
Gross Margin
20.8%
Operating Margin
1.2%
Net Margin
0.6%
Revenue YoY
438.7%
25.8%
Net Profit YoY
-27.4%
EPS (diluted)
$4.34
$0.02

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
PRVA
PRVA
Q1 26
$553.7M
$603.8M
Q4 25
$555.6M
$541.2M
Q3 25
$554.4M
$580.4M
Q2 25
$549.9M
$521.2M
Q1 25
$549.3M
$480.1M
Q4 24
$549.8M
$460.9M
Q3 24
$551.1M
$437.9M
Q2 24
$546.4M
$422.3M
Net Profit
MAA
MAA
PRVA
PRVA
Q1 26
$3.7M
Q4 25
$57.6M
$9.2M
Q3 25
$99.5M
$6.9M
Q2 25
$108.1M
$2.7M
Q1 25
$181.7M
$4.2M
Q4 24
$166.6M
$4.4M
Q3 24
$115.2M
$3.5M
Q2 24
$102.0M
$3.5M
Gross Margin
MAA
MAA
PRVA
PRVA
Q1 26
20.8%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
MAA
MAA
PRVA
PRVA
Q1 26
1.2%
Q4 25
10.4%
2.1%
Q3 25
18.7%
2.5%
Q2 25
20.2%
0.6%
Q1 25
34.0%
1.1%
Q4 24
31.3%
1.1%
Q3 24
21.5%
1.3%
Q2 24
19.3%
1.2%
Net Margin
MAA
MAA
PRVA
PRVA
Q1 26
0.6%
Q4 25
10.4%
1.7%
Q3 25
18.0%
1.2%
Q2 25
19.7%
0.5%
Q1 25
33.1%
0.9%
Q4 24
30.3%
1.0%
Q3 24
20.9%
0.8%
Q2 24
18.7%
0.8%
EPS (diluted)
MAA
MAA
PRVA
PRVA
Q1 26
$4.34
$0.02
Q4 25
$0.48
$0.08
Q3 25
$0.84
$0.05
Q2 25
$0.92
$0.02
Q1 25
$1.54
$0.03
Q4 24
$1.43
$0.03
Q3 24
$0.98
$0.03
Q2 24
$0.86
$0.03

Balance Sheet & Financial Strength

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

Metric
MAA
MAA
PRVA
PRVA
Cash + ST InvestmentsLiquidity on hand
$419.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$805.9M
Total Assets
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAA
MAA
PRVA
PRVA
Q1 26
$419.5M
Q4 25
$60.3M
$479.7M
Q3 25
$32.2M
$441.4M
Q2 25
$54.5M
$390.1M
Q1 25
$55.8M
$469.3M
Q4 24
$43.0M
$491.1M
Q3 24
$50.2M
$422.0M
Q2 24
$62.8M
$387.4M
Stockholders' Equity
MAA
MAA
PRVA
PRVA
Q1 26
$805.9M
Q4 25
$5.7B
$737.2M
Q3 25
$5.8B
$709.1M
Q2 25
$5.9B
$682.9M
Q1 25
$5.9B
$659.4M
Q4 24
$5.9B
$635.2M
Q3 24
$5.9B
$614.9M
Q2 24
$6.0B
$595.4M
Total Assets
MAA
MAA
PRVA
PRVA
Q1 26
$1.4B
Q4 25
$12.0B
$1.4B
Q3 25
$11.9B
$1.4B
Q2 25
$11.8B
$1.3B
Q1 25
$11.8B
$1.2B
Q4 24
$11.8B
$1.1B
Q3 24
$11.8B
$1.1B
Q2 24
$11.6B
$1.1B

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
PRVA
PRVA
Operating Cash FlowLast quarter
$-49.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-13.33×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAA
MAA
PRVA
PRVA
Q1 26
$-49.5M
Q4 25
$261.7M
$127.5M
Q3 25
$266.4M
$52.0M
Q2 25
$353.4M
$8.0M
Q1 25
$196.6M
$-24.1M
Q4 24
$239.1M
$74.8M
Q3 24
$309.5M
$33.2M
Q2 24
$349.4M
$34.5M
Free Cash Flow
MAA
MAA
PRVA
PRVA
Q1 26
Q4 25
$158.6M
Q3 25
$170.8M
Q2 25
$264.5M
Q1 25
$124.0M
Q4 24
$152.6M
Q3 24
$215.5M
Q2 24
$259.7M
FCF Margin
MAA
MAA
PRVA
PRVA
Q1 26
Q4 25
28.5%
Q3 25
30.8%
Q2 25
48.1%
Q1 25
22.6%
Q4 24
27.8%
Q3 24
39.1%
Q2 24
47.5%
Capex Intensity
MAA
MAA
PRVA
PRVA
Q1 26
Q4 25
18.6%
Q3 25
17.2%
Q2 25
16.2%
Q1 25
13.2%
Q4 24
15.7%
Q3 24
17.1%
Q2 24
16.4%
Cash Conversion
MAA
MAA
PRVA
PRVA
Q1 26
-13.33×
Q4 25
4.55×
13.93×
Q3 25
2.68×
7.58×
Q2 25
3.27×
2.97×
Q1 25
1.08×
-5.70×
Q4 24
1.43×
17.00×
Q3 24
2.69×
9.38×
Q2 24
3.43×
9.94×

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%

PRVA
PRVA

FFS-patient care$391.1M65%
Capitated revenue$86.1M14%
Other$75.0M12%
FFS-administrative services$31.4M5%
Care management fees (PMPM)$17.9M3%
Other revenue$2.3M0%

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