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

SPX Technologies, Inc. is the larger business by last-quarter revenue ($566.8M vs $553.7M, roughly 1.0× Mid-America Apartment Communities). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 22.0%). Over the past eight quarters, SPX Technologies, Inc.'s revenue compounded faster (6.3% 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.

SPX Technologies, Inc. is an American manufacturing company, headquartered in Charlotte, North Carolina. The company operates within four markets: heating, ventilation, and air conditioning (HVAC), detection and measurement, power transmission and generation, and engineered solutions. Examples of SPX’s products include cooling towers and boilers, underground pipe and cable locators, power transformers, and heat exchangers. Brands include Waukesha, Dielectric, Genfare, Fahrenheat, Radiodetecti...

MAA vs SPXC — Head-to-Head

Bigger by revenue
SPXC
SPXC
1.0× larger
SPXC
$566.8M
$553.7M
MAA
Growing faster (revenue YoY)
MAA
MAA
+416.7% gap
MAA
438.7%
22.0%
SPXC
Faster 2-yr revenue CAGR
SPXC
SPXC
Annualised
SPXC
6.3%
0.7%
MAA

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
MAA
MAA
SPXC
SPXC
Revenue
$553.7M
$566.8M
Net Profit
$59.9M
Gross Margin
Operating Margin
15.5%
Net Margin
10.6%
Revenue YoY
438.7%
22.0%
Net Profit YoY
17.0%
EPS (diluted)
$4.34

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
SPXC
SPXC
Q1 26
$553.7M
$566.8M
Q4 25
$555.6M
$637.3M
Q3 25
$554.4M
$592.8M
Q2 25
$549.9M
$552.4M
Q1 25
$549.3M
$482.6M
Q4 24
$549.8M
$533.7M
Q3 24
$551.1M
$483.7M
Q2 24
$546.4M
$501.3M
Net Profit
MAA
MAA
SPXC
SPXC
Q1 26
$59.9M
Q4 25
$57.6M
$77.9M
Q3 25
$99.5M
$62.7M
Q2 25
$108.1M
$52.2M
Q1 25
$181.7M
$51.2M
Q4 24
$166.6M
$57.1M
Q3 24
$115.2M
$50.2M
Q2 24
$102.0M
$44.2M
Gross Margin
MAA
MAA
SPXC
SPXC
Q1 26
Q4 25
39.8%
Q3 25
40.4%
Q2 25
41.4%
Q1 25
40.6%
Q4 24
40.9%
Q3 24
40.9%
Q2 24
40.1%
Operating Margin
MAA
MAA
SPXC
SPXC
Q1 26
15.5%
Q4 25
10.4%
15.7%
Q3 25
18.7%
16.4%
Q2 25
20.2%
15.7%
Q1 25
34.0%
13.8%
Q4 24
31.3%
16.9%
Q3 24
21.5%
16.3%
Q2 24
19.3%
14.9%
Net Margin
MAA
MAA
SPXC
SPXC
Q1 26
10.6%
Q4 25
10.4%
12.2%
Q3 25
18.0%
10.6%
Q2 25
19.7%
9.4%
Q1 25
33.1%
10.6%
Q4 24
30.3%
10.7%
Q3 24
20.9%
10.4%
Q2 24
18.7%
8.8%
EPS (diluted)
MAA
MAA
SPXC
SPXC
Q1 26
$4.34
Q4 25
$0.48
$1.56
Q3 25
$0.84
$1.28
Q2 25
$0.92
$1.10
Q1 25
$1.54
$1.09
Q4 24
$1.43
$1.21
Q3 24
$0.98
$1.06
Q2 24
$0.86
$0.94

Balance Sheet & Financial Strength

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

Metric
MAA
MAA
SPXC
SPXC
Cash + ST InvestmentsLiquidity on hand
$156.5M
Total DebtLower is stronger
$667.3M
Stockholders' EquityBook value
$2.3B
Total Assets
$3.9B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAA
MAA
SPXC
SPXC
Q1 26
$156.5M
Q4 25
$60.3M
$364.0M
Q3 25
$32.2M
$229.4M
Q2 25
$54.5M
$132.8M
Q1 25
$55.8M
$177.8M
Q4 24
$43.0M
$156.9M
Q3 24
$50.2M
$124.8M
Q2 24
$62.8M
$128.1M
Total Debt
MAA
MAA
SPXC
SPXC
Q1 26
$667.3M
Q4 25
$496.7M
Q3 25
$499.8M
Q2 25
$950.3M
Q1 25
$872.0M
Q4 24
$577.0M
Q3 24
$665.2M
Q2 24
$509.9M
Stockholders' Equity
MAA
MAA
SPXC
SPXC
Q1 26
$2.3B
Q4 25
$5.7B
$2.2B
Q3 25
$5.8B
$2.1B
Q2 25
$5.9B
$1.5B
Q1 25
$5.9B
$1.4B
Q4 24
$5.9B
$1.4B
Q3 24
$5.9B
$1.4B
Q2 24
$6.0B
$1.3B
Total Assets
MAA
MAA
SPXC
SPXC
Q1 26
$3.9B
Q4 25
$12.0B
$3.6B
Q3 25
$11.9B
$3.4B
Q2 25
$11.8B
$3.3B
Q1 25
$11.8B
$3.1B
Q4 24
$11.8B
$2.7B
Q3 24
$11.8B
$2.8B
Q2 24
$11.6B
$2.8B
Debt / Equity
MAA
MAA
SPXC
SPXC
Q1 26
0.29×
Q4 25
0.22×
Q3 25
0.23×
Q2 25
0.62×
Q1 25
0.60×
Q4 24
0.42×
Q3 24
0.49×
Q2 24
0.40×

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
SPXC
SPXC
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$11.3M
FCF MarginFCF / Revenue
2.0%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$268.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAA
MAA
SPXC
SPXC
Q1 26
Q4 25
$261.7M
$195.2M
Q3 25
$266.4M
$106.5M
Q2 25
$353.4M
$42.5M
Q1 25
$196.6M
$-10.9M
Q4 24
$239.1M
$166.5M
Q3 24
$309.5M
$51.4M
Q2 24
$349.4M
$57.5M
Free Cash Flow
MAA
MAA
SPXC
SPXC
Q1 26
$11.3M
Q4 25
$158.6M
$126.7M
Q3 25
$170.8M
$96.1M
Q2 25
$264.5M
$34.8M
Q1 25
$124.0M
$-16.4M
Q4 24
$152.6M
$156.7M
Q3 24
$215.5M
$43.5M
Q2 24
$259.7M
$47.1M
FCF Margin
MAA
MAA
SPXC
SPXC
Q1 26
2.0%
Q4 25
28.5%
19.9%
Q3 25
30.8%
16.2%
Q2 25
48.1%
6.3%
Q1 25
22.6%
-3.4%
Q4 24
27.8%
29.4%
Q3 24
39.1%
9.0%
Q2 24
47.5%
9.4%
Capex Intensity
MAA
MAA
SPXC
SPXC
Q1 26
3.3%
Q4 25
18.6%
10.7%
Q3 25
17.2%
1.8%
Q2 25
16.2%
1.4%
Q1 25
13.2%
1.1%
Q4 24
15.7%
1.8%
Q3 24
17.1%
1.6%
Q2 24
16.4%
2.1%
Cash Conversion
MAA
MAA
SPXC
SPXC
Q1 26
Q4 25
4.55×
2.51×
Q3 25
2.68×
1.70×
Q2 25
3.27×
0.81×
Q1 25
1.08×
-0.21×
Q4 24
1.43×
2.92×
Q3 24
2.69×
1.02×
Q2 24
3.43×
1.30×

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%

SPXC
SPXC

Segment breakdown not available.

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