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Side-by-side financial comparison of Mid-America Apartment Communities (MAA) and VALMONT INDUSTRIES INC (VMI). Click either name above to swap in a different company.

VALMONT INDUSTRIES INC 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 0.1%). Over the past eight quarters, VALMONT INDUSTRIES INC's revenue compounded faster (3.0% 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.

Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.

MAA vs VMI — Head-to-Head

Bigger by revenue
VMI
VMI
1.9× larger
VMI
$1.0B
$553.7M
MAA
Growing faster (revenue YoY)
MAA
MAA
+438.6% gap
MAA
438.7%
0.1%
VMI
Faster 2-yr revenue CAGR
VMI
VMI
Annualised
VMI
3.0%
0.7%
MAA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MAA
MAA
VMI
VMI
Revenue
$553.7M
$1.0B
Net Profit
$168.0M
Gross Margin
29.8%
Operating Margin
11.2%
Net Margin
16.2%
Revenue YoY
438.7%
0.1%
Net Profit YoY
116.3%
EPS (diluted)
$4.34
$9.02

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
VMI
VMI
Q1 26
$553.7M
Q4 25
$555.6M
$1.0B
Q3 25
$554.4M
$1.0B
Q2 25
$549.9M
$1.1B
Q1 25
$549.3M
$969.3M
Q4 24
$549.8M
$1.0B
Q3 24
$551.1M
$1.0B
Q2 24
$546.4M
$1.0B
Net Profit
MAA
MAA
VMI
VMI
Q1 26
Q4 25
$57.6M
$168.0M
Q3 25
$99.5M
$99.0M
Q2 25
$108.1M
$-4.0M
Q1 25
$181.7M
$87.3M
Q4 24
$166.6M
$77.7M
Q3 24
$115.2M
$83.1M
Q2 24
$102.0M
$99.7M
Gross Margin
MAA
MAA
VMI
VMI
Q1 26
Q4 25
29.8%
Q3 25
30.4%
Q2 25
30.6%
Q1 25
30.0%
Q4 24
30.2%
Q3 24
29.6%
Q2 24
30.8%
Operating Margin
MAA
MAA
VMI
VMI
Q1 26
Q4 25
10.4%
11.2%
Q3 25
18.7%
13.5%
Q2 25
20.2%
2.8%
Q1 25
34.0%
13.2%
Q4 24
31.3%
11.6%
Q3 24
21.5%
12.3%
Q2 24
19.3%
14.2%
Net Margin
MAA
MAA
VMI
VMI
Q1 26
Q4 25
10.4%
16.2%
Q3 25
18.0%
9.5%
Q2 25
19.7%
-0.4%
Q1 25
33.1%
9.0%
Q4 24
30.3%
7.5%
Q3 24
20.9%
8.1%
Q2 24
18.7%
9.6%
EPS (diluted)
MAA
MAA
VMI
VMI
Q1 26
$4.34
Q4 25
$0.48
$9.02
Q3 25
$0.84
$4.98
Q2 25
$0.92
$-1.53
Q1 25
$1.54
$4.32
Q4 24
$1.43
$3.85
Q3 24
$0.98
$4.11
Q2 24
$0.86
$4.91

Balance Sheet & Financial Strength

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

Metric
MAA
MAA
VMI
VMI
Cash + ST InvestmentsLiquidity on hand
$187.1M
Total DebtLower is stronger
$795.7M
Stockholders' EquityBook value
$1.6B
Total Assets
$3.4B
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAA
MAA
VMI
VMI
Q1 26
Q4 25
$60.3M
$187.1M
Q3 25
$32.2M
$226.1M
Q2 25
$54.5M
$208.5M
Q1 25
$55.8M
$184.4M
Q4 24
$43.0M
$164.3M
Q3 24
$50.2M
$200.5M
Q2 24
$62.8M
$163.1M
Total Debt
MAA
MAA
VMI
VMI
Q1 26
Q4 25
$795.7M
Q3 25
Q2 25
Q1 25
Q4 24
$730.6M
Q3 24
Q2 24
Stockholders' Equity
MAA
MAA
VMI
VMI
Q1 26
Q4 25
$5.7B
$1.6B
Q3 25
$5.8B
$1.6B
Q2 25
$5.9B
$1.5B
Q1 25
$5.9B
$1.6B
Q4 24
$5.9B
$1.5B
Q3 24
$5.9B
$1.5B
Q2 24
$6.0B
$1.5B
Total Assets
MAA
MAA
VMI
VMI
Q1 26
Q4 25
$12.0B
$3.4B
Q3 25
$11.9B
$3.4B
Q2 25
$11.8B
$3.3B
Q1 25
$11.8B
$3.4B
Q4 24
$11.8B
$3.3B
Q3 24
$11.8B
$3.5B
Q2 24
$11.6B
$3.5B
Debt / Equity
MAA
MAA
VMI
VMI
Q1 26
Q4 25
0.49×
Q3 25
Q2 25
Q1 25
Q4 24
0.47×
Q3 24
Q2 24

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
VMI
VMI
Operating Cash FlowLast quarter
$111.2M
Free Cash FlowOCF − Capex
$70.4M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
3.9%
Cash ConversionOCF / Net Profit
0.66×
TTM Free Cash FlowTrailing 4 quarters
$311.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAA
MAA
VMI
VMI
Q1 26
Q4 25
$261.7M
$111.2M
Q3 25
$266.4M
$112.5M
Q2 25
$353.4M
$167.6M
Q1 25
$196.6M
$65.1M
Q4 24
$239.1M
$193.4M
Q3 24
$309.5M
$225.1M
Q2 24
$349.4M
$130.8M
Free Cash Flow
MAA
MAA
VMI
VMI
Q1 26
Q4 25
$158.6M
$70.4M
Q3 25
$170.8M
$70.6M
Q2 25
$264.5M
$135.6M
Q1 25
$124.0M
$34.8M
Q4 24
$152.6M
$167.8M
Q3 24
$215.5M
$204.6M
Q2 24
$259.7M
$112.5M
FCF Margin
MAA
MAA
VMI
VMI
Q1 26
Q4 25
28.5%
6.8%
Q3 25
30.8%
6.7%
Q2 25
48.1%
12.9%
Q1 25
22.6%
3.6%
Q4 24
27.8%
16.2%
Q3 24
39.1%
20.1%
Q2 24
47.5%
10.8%
Capex Intensity
MAA
MAA
VMI
VMI
Q1 26
Q4 25
18.6%
3.9%
Q3 25
17.2%
4.0%
Q2 25
16.2%
3.0%
Q1 25
13.2%
3.1%
Q4 24
15.7%
2.5%
Q3 24
17.1%
2.0%
Q2 24
16.4%
1.8%
Cash Conversion
MAA
MAA
VMI
VMI
Q1 26
Q4 25
4.55×
0.66×
Q3 25
2.68×
1.14×
Q2 25
3.27×
Q1 25
1.08×
0.75×
Q4 24
1.43×
2.49×
Q3 24
2.69×
2.71×
Q2 24
3.43×
1.31×

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%

VMI
VMI

Utility Product Line$424.5M41%
Lighting And Transportation$204.6M20%
Irrigation Equipment And Parts Excluding Technology$199.0M19%
Services$113.6M11%
Telecommunications$73.8M7%
Technology Products And Services$23.7M2%

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