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Side-by-side financial comparison of Mid-America Apartment Communities (MAA) and Unity Software Inc. (U). 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 $503.1M, roughly 1.1× Unity Software Inc.). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 10.1%). Over the past eight quarters, Unity Software Inc.'s revenue compounded faster (4.5% 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.

Unity Software Inc. is an American video game software development company based in San Francisco. It was founded in Denmark in 2004 as Over the Edge Entertainment and changed its name in 2007. Unity Technologies is best known for the development of Unity, a licensed game engine used to create video games and other applications.

MAA vs U — Head-to-Head

Bigger by revenue
MAA
MAA
1.1× larger
MAA
$553.7M
$503.1M
U
Growing faster (revenue YoY)
MAA
MAA
+428.6% gap
MAA
438.7%
10.1%
U
Faster 2-yr revenue CAGR
U
U
Annualised
U
4.5%
0.7%
MAA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MAA
MAA
U
U
Revenue
$553.7M
$503.1M
Net Profit
$-90.0M
Gross Margin
74.3%
Operating Margin
-21.2%
Net Margin
-17.9%
Revenue YoY
438.7%
10.1%
Net Profit YoY
26.7%
EPS (diluted)
$4.34
$-0.21

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
U
U
Q1 26
$553.7M
Q4 25
$555.6M
$503.1M
Q3 25
$554.4M
$470.6M
Q2 25
$549.9M
$440.9M
Q1 25
$549.3M
$435.0M
Q4 24
$549.8M
$457.1M
Q3 24
$551.1M
$446.5M
Q2 24
$546.4M
$449.3M
Net Profit
MAA
MAA
U
U
Q1 26
Q4 25
$57.6M
$-90.0M
Q3 25
$99.5M
$-126.4M
Q2 25
$108.1M
$-108.8M
Q1 25
$181.7M
$-77.6M
Q4 24
$166.6M
$-122.7M
Q3 24
$115.2M
$-124.7M
Q2 24
$102.0M
$-125.6M
Gross Margin
MAA
MAA
U
U
Q1 26
Q4 25
74.3%
Q3 25
74.4%
Q2 25
74.1%
Q1 25
73.8%
Q4 24
74.7%
Q3 24
74.9%
Q2 24
75.8%
Operating Margin
MAA
MAA
U
U
Q1 26
Q4 25
10.4%
-21.2%
Q3 25
18.7%
-26.7%
Q2 25
20.2%
-26.9%
Q1 25
34.0%
-29.4%
Q4 24
31.3%
-27.1%
Q3 24
21.5%
-28.5%
Q2 24
19.3%
-28.8%
Net Margin
MAA
MAA
U
U
Q1 26
Q4 25
10.4%
-17.9%
Q3 25
18.0%
-26.9%
Q2 25
19.7%
-24.7%
Q1 25
33.1%
-17.8%
Q4 24
30.3%
-26.8%
Q3 24
20.9%
-27.9%
Q2 24
18.7%
-28.0%
EPS (diluted)
MAA
MAA
U
U
Q1 26
$4.34
Q4 25
$0.48
$-0.21
Q3 25
$0.84
$-0.30
Q2 25
$0.92
$-0.26
Q1 25
$1.54
$-0.19
Q4 24
$1.43
$-0.30
Q3 24
$0.98
$-0.31
Q2 24
$0.86
$-0.32

Balance Sheet & Financial Strength

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

Metric
MAA
MAA
U
U
Cash + ST InvestmentsLiquidity on hand
$2.1B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2B
Total Assets
$6.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAA
MAA
U
U
Q1 26
Q4 25
$60.3M
$2.1B
Q3 25
$32.2M
$1.9B
Q2 25
$54.5M
$1.7B
Q1 25
$55.8M
$1.5B
Q4 24
$43.0M
$1.5B
Q3 24
$50.2M
$1.4B
Q2 24
$62.8M
$1.3B
Stockholders' Equity
MAA
MAA
U
U
Q1 26
Q4 25
$5.7B
$3.2B
Q3 25
$5.8B
$3.2B
Q2 25
$5.9B
$3.2B
Q1 25
$5.9B
$3.2B
Q4 24
$5.9B
$3.2B
Q3 24
$5.9B
$3.2B
Q2 24
$6.0B
$3.2B
Total Assets
MAA
MAA
U
U
Q1 26
Q4 25
$12.0B
$6.8B
Q3 25
$11.9B
$6.8B
Q2 25
$11.8B
$6.7B
Q1 25
$11.8B
$6.6B
Q4 24
$11.8B
$6.7B
Q3 24
$11.8B
$6.7B
Q2 24
$11.6B
$6.7B

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
U
U
Operating Cash FlowLast quarter
$121.4M
Free Cash FlowOCF − Capex
$118.7M
FCF MarginFCF / Revenue
23.6%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$403.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAA
MAA
U
U
Q1 26
Q4 25
$261.7M
$121.4M
Q3 25
$266.4M
$155.4M
Q2 25
$353.4M
$133.1M
Q1 25
$196.6M
$13.0M
Q4 24
$239.1M
$112.2M
Q3 24
$309.5M
$122.4M
Q2 24
$349.4M
$88.4M
Free Cash Flow
MAA
MAA
U
U
Q1 26
Q4 25
$158.6M
$118.7M
Q3 25
$170.8M
$151.3M
Q2 25
$264.5M
$126.7M
Q1 25
$124.0M
$7.3M
Q4 24
$152.6M
$105.8M
Q3 24
$215.5M
$115.2M
Q2 24
$259.7M
$79.6M
FCF Margin
MAA
MAA
U
U
Q1 26
Q4 25
28.5%
23.6%
Q3 25
30.8%
32.1%
Q2 25
48.1%
28.7%
Q1 25
22.6%
1.7%
Q4 24
27.8%
23.1%
Q3 24
39.1%
25.8%
Q2 24
47.5%
17.7%
Capex Intensity
MAA
MAA
U
U
Q1 26
Q4 25
18.6%
0.5%
Q3 25
17.2%
0.9%
Q2 25
16.2%
1.5%
Q1 25
13.2%
1.3%
Q4 24
15.7%
1.4%
Q3 24
17.1%
1.6%
Q2 24
16.4%
2.0%
Cash Conversion
MAA
MAA
U
U
Q1 26
Q4 25
4.55×
Q3 25
2.68×
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%

U
U

Grow Solutions$338.2M67%
Create Solutions$164.9M33%

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