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

PELOTON INTERACTIVE, INC. is the larger business by last-quarter revenue ($656.5M vs $553.7M, roughly 1.2× Mid-America Apartment Communities). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs -2.6%).

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.

Peloton Interactive, Inc. is an American exercise equipment and media company based in New York City. The company's products include stationary bicycles, treadmills, and indoor rowers equipped with Internet-connected touch screens that stream live and on-demand fitness classes through a subscription service. The equipment includes built-in sensors that track metrics such as power output, providing users with real-time feedback on their performance and leaderboard rankings to compete with othe...

MAA vs PTON — Head-to-Head

Bigger by revenue
PTON
PTON
1.2× larger
PTON
$656.5M
$553.7M
MAA
Growing faster (revenue YoY)
MAA
MAA
+441.3% gap
MAA
438.7%
-2.6%
PTON

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
MAA
MAA
PTON
PTON
Revenue
$553.7M
$656.5M
Net Profit
$-38.8M
Gross Margin
50.5%
Operating Margin
-2.2%
Net Margin
-5.9%
Revenue YoY
438.7%
-2.6%
Net Profit YoY
57.8%
EPS (diluted)
$4.34
$-0.09

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
PTON
PTON
Q1 26
$553.7M
Q4 25
$555.6M
$656.5M
Q3 25
$554.4M
$550.8M
Q2 25
$549.9M
Q1 25
$549.3M
Q4 24
$549.8M
Q3 24
$551.1M
Q2 24
$546.4M
Net Profit
MAA
MAA
PTON
PTON
Q1 26
Q4 25
$57.6M
$-38.8M
Q3 25
$99.5M
$13.9M
Q2 25
$108.1M
Q1 25
$181.7M
Q4 24
$166.6M
Q3 24
$115.2M
Q2 24
$102.0M
Gross Margin
MAA
MAA
PTON
PTON
Q1 26
Q4 25
50.5%
Q3 25
51.5%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
MAA
MAA
PTON
PTON
Q1 26
Q4 25
10.4%
-2.2%
Q3 25
18.7%
7.5%
Q2 25
20.2%
Q1 25
34.0%
Q4 24
31.3%
Q3 24
21.5%
Q2 24
19.3%
Net Margin
MAA
MAA
PTON
PTON
Q1 26
Q4 25
10.4%
-5.9%
Q3 25
18.0%
2.5%
Q2 25
19.7%
Q1 25
33.1%
Q4 24
30.3%
Q3 24
20.9%
Q2 24
18.7%
EPS (diluted)
MAA
MAA
PTON
PTON
Q1 26
$4.34
Q4 25
$0.48
$-0.09
Q3 25
$0.84
$0.03
Q2 25
$0.92
Q1 25
$1.54
Q4 24
$1.43
Q3 24
$0.98
Q2 24
$0.86

Balance Sheet & Financial Strength

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

Metric
MAA
MAA
PTON
PTON
Cash + ST InvestmentsLiquidity on hand
$1.2B
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$-326.7M
Total Assets
$2.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAA
MAA
PTON
PTON
Q1 26
Q4 25
$60.3M
$1.2B
Q3 25
$32.2M
$1.1B
Q2 25
$54.5M
Q1 25
$55.8M
Q4 24
$43.0M
Q3 24
$50.2M
Q2 24
$62.8M
Total Debt
MAA
MAA
PTON
PTON
Q1 26
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
MAA
MAA
PTON
PTON
Q1 26
Q4 25
$5.7B
$-326.7M
Q3 25
$5.8B
$-347.0M
Q2 25
$5.9B
Q1 25
$5.9B
Q4 24
$5.9B
Q3 24
$5.9B
Q2 24
$6.0B
Total Assets
MAA
MAA
PTON
PTON
Q1 26
Q4 25
$12.0B
$2.2B
Q3 25
$11.9B
$2.2B
Q2 25
$11.8B
Q1 25
$11.8B
Q4 24
$11.8B
Q3 24
$11.8B
Q2 24
$11.6B

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
PTON
PTON
Operating Cash FlowLast quarter
$71.9M
Free Cash FlowOCF − Capex
$71.0M
FCF MarginFCF / Revenue
10.8%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAA
MAA
PTON
PTON
Q1 26
Q4 25
$261.7M
$71.9M
Q3 25
$266.4M
$71.9M
Q2 25
$353.4M
Q1 25
$196.6M
Q4 24
$239.1M
Q3 24
$309.5M
Q2 24
$349.4M
Free Cash Flow
MAA
MAA
PTON
PTON
Q1 26
Q4 25
$158.6M
$71.0M
Q3 25
$170.8M
$67.4M
Q2 25
$264.5M
Q1 25
$124.0M
Q4 24
$152.6M
Q3 24
$215.5M
Q2 24
$259.7M
FCF Margin
MAA
MAA
PTON
PTON
Q1 26
Q4 25
28.5%
10.8%
Q3 25
30.8%
12.2%
Q2 25
48.1%
Q1 25
22.6%
Q4 24
27.8%
Q3 24
39.1%
Q2 24
47.5%
Capex Intensity
MAA
MAA
PTON
PTON
Q1 26
Q4 25
18.6%
0.1%
Q3 25
17.2%
0.8%
Q2 25
16.2%
Q1 25
13.2%
Q4 24
15.7%
Q3 24
17.1%
Q2 24
16.4%
Cash Conversion
MAA
MAA
PTON
PTON
Q1 26
Q4 25
4.55×
Q3 25
2.68×
5.17×
Q2 25
3.27×
Q1 25
1.08×
Q4 24
1.43×
Q3 24
2.69×
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%

PTON
PTON

Subscription And Circulation$412.6M63%
Connected Fitness Products Segment$243.9M37%
Product Warranty$4.0M1%

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