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Side-by-side financial comparison of Mid-America Apartment Communities (MAA) and Gentherm Inc (THRM). 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 $382.8M, roughly 1.4× Gentherm Inc). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 8.5%). Over the past eight quarters, Gentherm Inc's revenue compounded faster (3.7% 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.

Gentherm Incorporated, formerly Amerigon, is an American thermal management technologies company. Gentherm created the first thermoelectrically heated and cooled seat system for the automotive industry. Called the "Climate Control Seat" system, it was first adopted by the Ford Motor Company and introduced as an option on the model year 2000 Lincoln Navigator in 1999. Today it is available on more than 50 vehicles sold by Ford, General Motors, Toyota (Lexus), Kia, Hyundai, Nissan (Infiniti), R...

MAA vs THRM — Head-to-Head

Bigger by revenue
MAA
MAA
1.4× larger
MAA
$553.7M
$382.8M
THRM
Growing faster (revenue YoY)
MAA
MAA
+430.2% gap
MAA
438.7%
8.5%
THRM
Faster 2-yr revenue CAGR
THRM
THRM
Annualised
THRM
3.7%
0.7%
MAA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MAA
MAA
THRM
THRM
Revenue
$553.7M
$382.8M
Net Profit
$3.0M
Gross Margin
23.7%
Operating Margin
4.6%
Net Margin
0.8%
Revenue YoY
438.7%
8.5%
Net Profit YoY
-80.5%
EPS (diluted)
$4.34
$0.08

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
THRM
THRM
Q1 26
$553.7M
Q4 25
$555.6M
$382.8M
Q3 25
$554.4M
$386.9M
Q2 25
$549.9M
$375.1M
Q1 25
$549.3M
$353.9M
Q4 24
$549.8M
$352.9M
Q3 24
$551.1M
$371.5M
Q2 24
$546.4M
$375.7M
Net Profit
MAA
MAA
THRM
THRM
Q1 26
Q4 25
$57.6M
$3.0M
Q3 25
$99.5M
$14.9M
Q2 25
$108.1M
$477.0K
Q1 25
$181.7M
$-128.0K
Q4 24
$166.6M
$15.3M
Q3 24
$115.2M
$16.0M
Q2 24
$102.0M
$18.9M
Gross Margin
MAA
MAA
THRM
THRM
Q1 26
Q4 25
23.7%
Q3 25
24.6%
Q2 25
23.9%
Q1 25
24.4%
Q4 24
24.4%
Q3 24
25.5%
Q2 24
25.7%
Operating Margin
MAA
MAA
THRM
THRM
Q1 26
Q4 25
10.4%
4.6%
Q3 25
18.7%
6.2%
Q2 25
20.2%
6.4%
Q1 25
34.0%
4.8%
Q4 24
31.3%
6.7%
Q3 24
21.5%
8.7%
Q2 24
19.3%
8.8%
Net Margin
MAA
MAA
THRM
THRM
Q1 26
Q4 25
10.4%
0.8%
Q3 25
18.0%
3.9%
Q2 25
19.7%
0.1%
Q1 25
33.1%
-0.0%
Q4 24
30.3%
4.3%
Q3 24
20.9%
4.3%
Q2 24
18.7%
5.0%
EPS (diluted)
MAA
MAA
THRM
THRM
Q1 26
$4.34
Q4 25
$0.48
$0.08
Q3 25
$0.84
$0.49
Q2 25
$0.92
$0.02
Q1 25
$1.54
$0.00
Q4 24
$1.43
$0.48
Q3 24
$0.98
$0.51
Q2 24
$0.86
$0.60

Balance Sheet & Financial Strength

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

Metric
MAA
MAA
THRM
THRM
Cash + ST InvestmentsLiquidity on hand
$160.8M
Total DebtLower is stronger
$189.0M
Stockholders' EquityBook value
$720.3M
Total Assets
$1.4B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAA
MAA
THRM
THRM
Q1 26
Q4 25
$60.3M
$160.8M
Q3 25
$32.2M
$154.3M
Q2 25
$54.5M
$128.3M
Q1 25
$55.8M
$163.1M
Q4 24
$43.0M
$134.1M
Q3 24
$50.2M
$150.6M
Q2 24
$62.8M
$123.5M
Total Debt
MAA
MAA
THRM
THRM
Q1 26
Q4 25
$189.0M
Q3 25
$189.0M
Q2 25
$209.0M
Q1 25
$262.0M
Q4 24
$220.1M
Q3 24
$222.1M
Q2 24
$222.1M
Stockholders' Equity
MAA
MAA
THRM
THRM
Q1 26
Q4 25
$5.7B
$720.3M
Q3 25
$5.8B
$717.9M
Q2 25
$5.9B
$699.7M
Q1 25
$5.9B
$646.5M
Q4 24
$5.9B
$616.9M
Q3 24
$5.9B
$660.7M
Q2 24
$6.0B
$640.3M
Total Assets
MAA
MAA
THRM
THRM
Q1 26
Q4 25
$12.0B
$1.4B
Q3 25
$11.9B
$1.4B
Q2 25
$11.8B
$1.4B
Q1 25
$11.8B
$1.3B
Q4 24
$11.8B
$1.2B
Q3 24
$11.8B
$1.3B
Q2 24
$11.6B
$1.2B
Debt / Equity
MAA
MAA
THRM
THRM
Q1 26
Q4 25
0.26×
Q3 25
0.26×
Q2 25
0.30×
Q1 25
0.41×
Q4 24
0.36×
Q3 24
0.34×
Q2 24
0.35×

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
THRM
THRM
Operating Cash FlowLast quarter
$29.0M
Free Cash FlowOCF − Capex
$6.7M
FCF MarginFCF / Revenue
1.7%
Capex IntensityCapex / Revenue
5.8%
Cash ConversionOCF / Net Profit
9.70×
TTM Free Cash FlowTrailing 4 quarters
$61.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAA
MAA
THRM
THRM
Q1 26
Q4 25
$261.7M
$29.0M
Q3 25
$266.4M
$56.1M
Q2 25
$353.4M
$45.0M
Q1 25
$196.6M
$-13.3M
Q4 24
$239.1M
$36.6M
Q3 24
$309.5M
$46.3M
Q2 24
$349.4M
$37.1M
Free Cash Flow
MAA
MAA
THRM
THRM
Q1 26
Q4 25
$158.6M
$6.7M
Q3 25
$170.8M
$46.5M
Q2 25
$264.5M
$36.2M
Q1 25
$124.0M
$-28.2M
Q4 24
$152.6M
$13.6M
Q3 24
$215.5M
$26.6M
Q2 24
$259.7M
$17.8M
FCF Margin
MAA
MAA
THRM
THRM
Q1 26
Q4 25
28.5%
1.7%
Q3 25
30.8%
12.0%
Q2 25
48.1%
9.6%
Q1 25
22.6%
-8.0%
Q4 24
27.8%
3.9%
Q3 24
39.1%
7.2%
Q2 24
47.5%
4.7%
Capex Intensity
MAA
MAA
THRM
THRM
Q1 26
Q4 25
18.6%
5.8%
Q3 25
17.2%
2.5%
Q2 25
16.2%
2.4%
Q1 25
13.2%
4.2%
Q4 24
15.7%
6.5%
Q3 24
17.1%
5.3%
Q2 24
16.4%
5.2%
Cash Conversion
MAA
MAA
THRM
THRM
Q1 26
Q4 25
4.55×
9.70×
Q3 25
2.68×
3.75×
Q2 25
3.27×
94.43×
Q1 25
1.08×
Q4 24
1.43×
2.39×
Q3 24
2.69×
2.90×
Q2 24
3.43×
1.97×

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%

THRM
THRM

Climate Control Seats$200.9M52%
Lumbar And Massage Comfort Solutions$58.5M15%
Climate Control Interiors$50.3M13%
Other Automotive$27.6M7%
Valve Systems$24.1M6%
Medical Segments$13.9M4%
Climate And Comfort Electronics$7.4M2%

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