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Side-by-side financial comparison of Mid-America Apartment Communities (MAA) and Wendy's Co (WEN). 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 $523.5M, roughly 1.1× Wendy's Co). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs -3.2%). Over the past eight quarters, Mid-America Apartment Communities's revenue compounded faster (0.7% CAGR vs -4.2%).

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.

The Wendy's Company is an American fast food corporation and the holding company for Wendy's and First Kitchen. Originally founded as the Deisel-Wemmer Company, it is headquartered in Dublin, Ohio. The company's principal subsidiary, Wendy's International, is the franchisor of Wendy's restaurants.

MAA vs WEN — Head-to-Head

Bigger by revenue
MAA
MAA
1.1× larger
MAA
$553.7M
$523.5M
WEN
Growing faster (revenue YoY)
MAA
MAA
+441.9% gap
MAA
438.7%
-3.2%
WEN
Faster 2-yr revenue CAGR
MAA
MAA
Annualised
MAA
0.7%
-4.2%
WEN

Income Statement — Q1 FY2026 vs Q1 FY2027

Metric
MAA
MAA
WEN
WEN
Revenue
$553.7M
$523.5M
Net Profit
$39.2M
Gross Margin
64.1%
Operating Margin
15.9%
Net Margin
7.5%
Revenue YoY
438.7%
-3.2%
Net Profit YoY
72.7%
EPS (diluted)
$4.34
$0.19

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
WEN
WEN
Q1 26
$553.7M
$523.5M
Q4 25
$555.6M
$543.0M
Q3 25
$554.4M
$549.5M
Q2 25
$549.9M
$560.9M
Q1 25
$549.3M
$523.5M
Q4 24
$549.8M
$574.3M
Q3 24
$551.1M
$566.7M
Q2 24
$546.4M
$570.7M
Net Profit
MAA
MAA
WEN
WEN
Q1 26
$39.2M
Q4 25
$57.6M
$26.5M
Q3 25
$99.5M
$44.3M
Q2 25
$108.1M
$55.1M
Q1 25
$181.7M
$39.2M
Q4 24
$166.6M
$47.5M
Q3 24
$115.2M
$50.2M
Q2 24
$102.0M
$54.6M
Gross Margin
MAA
MAA
WEN
WEN
Q1 26
64.1%
Q4 25
62.7%
Q3 25
62.8%
Q2 25
65.0%
Q1 25
64.1%
Q4 24
65.9%
Q3 24
65.5%
Q2 24
65.0%
Operating Margin
MAA
MAA
WEN
WEN
Q1 26
15.9%
Q4 25
10.4%
11.8%
Q3 25
18.7%
16.8%
Q2 25
20.2%
18.6%
Q1 25
34.0%
15.9%
Q4 24
31.3%
16.7%
Q3 24
21.5%
16.7%
Q2 24
19.3%
17.4%
Net Margin
MAA
MAA
WEN
WEN
Q1 26
7.5%
Q4 25
10.4%
4.9%
Q3 25
18.0%
8.1%
Q2 25
19.7%
9.8%
Q1 25
33.1%
7.5%
Q4 24
30.3%
8.3%
Q3 24
20.9%
8.9%
Q2 24
18.7%
9.6%
EPS (diluted)
MAA
MAA
WEN
WEN
Q1 26
$4.34
$0.19
Q4 25
$0.48
$0.14
Q3 25
$0.84
$0.23
Q2 25
$0.92
$0.29
Q1 25
$1.54
$0.19
Q4 24
$1.43
$0.23
Q3 24
$0.98
$0.25
Q2 24
$0.86
$0.27

Balance Sheet & Financial Strength

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

Metric
MAA
MAA
WEN
WEN
Cash + ST InvestmentsLiquidity on hand
$300.8M
Total DebtLower is stronger
$2.8B
Stockholders' EquityBook value
$117.4M
Total Assets
$5.0B
Debt / EquityLower = less leverage
23.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAA
MAA
WEN
WEN
Q1 26
$300.8M
Q4 25
$60.3M
$300.8M
Q3 25
$32.2M
$291.4M
Q2 25
$54.5M
$281.2M
Q1 25
$55.8M
$335.3M
Q4 24
$43.0M
$450.5M
Q3 24
$50.2M
$482.2M
Q2 24
$62.8M
$465.5M
Total Debt
MAA
MAA
WEN
WEN
Q1 26
$2.8B
Q4 25
$2.8B
Q3 25
$2.7B
Q2 25
$2.7B
Q1 25
$2.7B
Q4 24
$2.7B
Q3 24
Q2 24
Stockholders' Equity
MAA
MAA
WEN
WEN
Q1 26
$117.4M
Q4 25
$5.7B
$117.4M
Q3 25
$5.8B
$109.2M
Q2 25
$5.9B
$112.9M
Q1 25
$5.9B
$130.2M
Q4 24
$5.9B
$259.4M
Q3 24
$5.9B
$259.9M
Q2 24
$6.0B
$273.8M
Total Assets
MAA
MAA
WEN
WEN
Q1 26
$5.0B
Q4 25
$12.0B
$5.0B
Q3 25
$11.9B
$5.0B
Q2 25
$11.8B
$4.9B
Q1 25
$11.8B
$4.9B
Q4 24
$11.8B
$5.0B
Q3 24
$11.8B
$5.1B
Q2 24
$11.6B
$5.1B
Debt / Equity
MAA
MAA
WEN
WEN
Q1 26
23.51×
Q4 25
23.51×
Q3 25
24.95×
Q2 25
24.18×
Q1 25
21.00×
Q4 24
10.57×
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
WEN
WEN
Operating Cash FlowLast quarter
$85.4M
Free Cash FlowOCF − Capex
$68.0M
FCF MarginFCF / Revenue
13.0%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.18×
TTM Free Cash FlowTrailing 4 quarters
$242.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAA
MAA
WEN
WEN
Q1 26
$85.4M
Q4 25
$261.7M
$69.3M
Q3 25
$266.4M
$129.3M
Q2 25
$353.4M
$60.6M
Q1 25
$196.6M
$85.4M
Q4 24
$239.1M
$68.6M
Q3 24
$309.5M
$141.2M
Q2 24
$349.4M
$45.5M
Free Cash Flow
MAA
MAA
WEN
WEN
Q1 26
$68.0M
Q4 25
$158.6M
$31.4M
Q3 25
$170.8M
$104.3M
Q2 25
$264.5M
$39.2M
Q1 25
$124.0M
$67.7M
Q4 24
$152.6M
$26.6M
Q3 24
$215.5M
$123.3M
Q2 24
$259.7M
$28.4M
FCF Margin
MAA
MAA
WEN
WEN
Q1 26
13.0%
Q4 25
28.5%
5.8%
Q3 25
30.8%
19.0%
Q2 25
48.1%
7.0%
Q1 25
22.6%
12.9%
Q4 24
27.8%
4.6%
Q3 24
39.1%
21.8%
Q2 24
47.5%
5.0%
Capex Intensity
MAA
MAA
WEN
WEN
Q1 26
Q4 25
18.6%
7.0%
Q3 25
17.2%
4.5%
Q2 25
16.2%
3.8%
Q1 25
13.2%
3.4%
Q4 24
15.7%
7.3%
Q3 24
17.1%
3.2%
Q2 24
16.4%
3.0%
Cash Conversion
MAA
MAA
WEN
WEN
Q1 26
2.18×
Q4 25
4.55×
2.62×
Q3 25
2.68×
2.92×
Q2 25
3.27×
1.10×
Q1 25
1.08×
2.18×
Q4 24
1.43×
1.44×
Q3 24
2.69×
2.81×
Q2 24
3.43×
0.83×

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%

WEN
WEN

Segment breakdown not available.

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