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

Transocean Ltd. is the larger business by last-quarter revenue ($1.0B vs $553.7M, roughly 1.9× Mid-America Apartment Communities). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 9.6%). Over the past eight quarters, Transocean Ltd.'s revenue compounded faster (16.9% 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.

Transocean Ltd. is an American drilling company. It is the world's largest offshore drilling contractor based on revenue and is based in Steinhausen, Switzerland. The company has offices in 20 countries, including Canada, the United States, Norway, United Kingdom, India, Brazil, Singapore, Indonesia, and Malaysia.

MAA vs RIG — Head-to-Head

Bigger by revenue
RIG
RIG
1.9× larger
RIG
$1.0B
$553.7M
MAA
Growing faster (revenue YoY)
MAA
MAA
+429.1% gap
MAA
438.7%
9.6%
RIG
Faster 2-yr revenue CAGR
RIG
RIG
Annualised
RIG
16.9%
0.7%
MAA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MAA
MAA
RIG
RIG
Revenue
$553.7M
$1.0B
Net Profit
$25.0M
Gross Margin
42.0%
Operating Margin
23.0%
Net Margin
2.4%
Revenue YoY
438.7%
9.6%
Net Profit YoY
257.1%
EPS (diluted)
$4.34
$0.13

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
RIG
RIG
Q1 26
$553.7M
Q4 25
$555.6M
$1.0B
Q3 25
$554.4M
$1.0B
Q2 25
$549.9M
$988.0M
Q1 25
$549.3M
$906.0M
Q4 24
$549.8M
$952.0M
Q3 24
$551.1M
$948.0M
Q2 24
$546.4M
$861.0M
Net Profit
MAA
MAA
RIG
RIG
Q1 26
Q4 25
$57.6M
$25.0M
Q3 25
$99.5M
$-1.9B
Q2 25
$108.1M
$-938.0M
Q1 25
$181.7M
$-79.0M
Q4 24
$166.6M
$7.0M
Q3 24
$115.2M
$-494.0M
Q2 24
$102.0M
$-123.0M
Gross Margin
MAA
MAA
RIG
RIG
Q1 26
Q4 25
42.0%
Q3 25
43.2%
Q2 25
39.4%
Q1 25
31.8%
Q4 24
39.2%
Q3 24
40.6%
Q2 24
38.0%
Operating Margin
MAA
MAA
RIG
RIG
Q1 26
Q4 25
10.4%
23.0%
Q3 25
18.7%
-163.1%
Q2 25
20.2%
-97.6%
Q1 25
34.0%
7.1%
Q4 24
31.3%
13.7%
Q3 24
21.5%
-51.2%
Q2 24
19.3%
-6.9%
Net Margin
MAA
MAA
RIG
RIG
Q1 26
Q4 25
10.4%
2.4%
Q3 25
18.0%
-187.1%
Q2 25
19.7%
-94.9%
Q1 25
33.1%
-8.7%
Q4 24
30.3%
0.7%
Q3 24
20.9%
-52.1%
Q2 24
18.7%
-14.3%
EPS (diluted)
MAA
MAA
RIG
RIG
Q1 26
$4.34
Q4 25
$0.48
$0.13
Q3 25
$0.84
$-2.00
Q2 25
$0.92
$-1.06
Q1 25
$1.54
$-0.11
Q4 24
$1.43
$-0.14
Q3 24
$0.98
$-0.58
Q2 24
$0.86
$-0.15

Balance Sheet & Financial Strength

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

Metric
MAA
MAA
RIG
RIG
Cash + ST InvestmentsLiquidity on hand
$620.0M
Total DebtLower is stronger
$5.2B
Stockholders' EquityBook value
$8.1B
Total Assets
$15.6B
Debt / EquityLower = less leverage
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAA
MAA
RIG
RIG
Q1 26
Q4 25
$60.3M
$620.0M
Q3 25
$32.2M
$833.0M
Q2 25
$54.5M
$377.0M
Q1 25
$55.8M
$263.0M
Q4 24
$43.0M
$560.0M
Q3 24
$50.2M
$435.0M
Q2 24
$62.8M
$475.0M
Total Debt
MAA
MAA
RIG
RIG
Q1 26
Q4 25
$5.2B
Q3 25
$4.8B
Q2 25
$5.9B
Q1 25
$5.9B
Q4 24
$6.2B
Q3 24
$6.5B
Q2 24
$6.8B
Stockholders' Equity
MAA
MAA
RIG
RIG
Q1 26
Q4 25
$5.7B
$8.1B
Q3 25
$5.8B
$8.1B
Q2 25
$5.9B
$9.4B
Q1 25
$5.9B
$10.2B
Q4 24
$5.9B
$10.3B
Q3 24
$5.9B
$10.2B
Q2 24
$6.0B
$10.7B
Total Assets
MAA
MAA
RIG
RIG
Q1 26
Q4 25
$12.0B
$15.6B
Q3 25
$11.9B
$16.2B
Q2 25
$11.8B
$17.8B
Q1 25
$11.8B
$19.0B
Q4 24
$11.8B
$19.4B
Q3 24
$11.8B
$19.5B
Q2 24
$11.6B
$20.3B
Debt / Equity
MAA
MAA
RIG
RIG
Q1 26
Q4 25
0.64×
Q3 25
0.60×
Q2 25
0.63×
Q1 25
0.58×
Q4 24
0.60×
Q3 24
0.64×
Q2 24
0.63×

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
RIG
RIG
Operating Cash FlowLast quarter
$349.0M
Free Cash FlowOCF − Capex
$321.0M
FCF MarginFCF / Revenue
30.8%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
13.96×
TTM Free Cash FlowTrailing 4 quarters
$626.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAA
MAA
RIG
RIG
Q1 26
Q4 25
$261.7M
$349.0M
Q3 25
$266.4M
$246.0M
Q2 25
$353.4M
$128.0M
Q1 25
$196.6M
$26.0M
Q4 24
$239.1M
$206.0M
Q3 24
$309.5M
$194.0M
Q2 24
$349.4M
$133.0M
Free Cash Flow
MAA
MAA
RIG
RIG
Q1 26
Q4 25
$158.6M
$321.0M
Q3 25
$170.8M
$235.0M
Q2 25
$264.5M
$104.0M
Q1 25
$124.0M
$-34.0M
Q4 24
$152.6M
$177.0M
Q3 24
$215.5M
$136.0M
Q2 24
$259.7M
$49.0M
FCF Margin
MAA
MAA
RIG
RIG
Q1 26
Q4 25
28.5%
30.8%
Q3 25
30.8%
22.9%
Q2 25
48.1%
10.5%
Q1 25
22.6%
-3.8%
Q4 24
27.8%
18.6%
Q3 24
39.1%
14.3%
Q2 24
47.5%
5.7%
Capex Intensity
MAA
MAA
RIG
RIG
Q1 26
Q4 25
18.6%
2.7%
Q3 25
17.2%
1.1%
Q2 25
16.2%
2.4%
Q1 25
13.2%
6.6%
Q4 24
15.7%
3.0%
Q3 24
17.1%
6.1%
Q2 24
16.4%
9.8%
Cash Conversion
MAA
MAA
RIG
RIG
Q1 26
Q4 25
4.55×
13.96×
Q3 25
2.68×
Q2 25
3.27×
Q1 25
1.08×
Q4 24
1.43×
29.43×
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%

RIG
RIG

Ultra Deepwater Floaters$433.0M42%
BR$236.0M23%
Other Geographical$211.0M20%
Harsh Environment Floaters$163.0M16%

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