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Side-by-side financial comparison of Mid-America Apartment Communities (MAA) and DENTSPLY SIRONA Inc. (XRAY). Click either name above to swap in a different company.

DENTSPLY SIRONA Inc. is the larger business by last-quarter revenue ($961.0M vs $555.6M, roughly 1.7× Mid-America Apartment Communities). Mid-America Apartment Communities runs the higher net margin — 10.4% vs -15.2%, a 25.6% gap on every dollar of revenue. On growth, DENTSPLY SIRONA Inc. posted the faster year-over-year revenue change (6.2% vs 1.0%). Mid-America Apartment Communities produced more free cash flow last quarter ($158.6M vs $60.0M). Over the past eight quarters, Mid-America Apartment Communities's revenue compounded faster (1.1% CAGR vs 0.4%).

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.

Dentsply Sirona Inc. is an American dental equipment manufacturer and dental consumables producer that markets its products in over 120 countries. It has factories in 21 countries. The present company is largely the result of a merger in 1993 in which Gendex Corporation acquired Dentsply International Inc. for $590 million.

MAA vs XRAY — Head-to-Head

Bigger by revenue
XRAY
XRAY
1.7× larger
XRAY
$961.0M
$555.6M
MAA
Growing faster (revenue YoY)
XRAY
XRAY
+5.1% gap
XRAY
6.2%
1.0%
MAA
Higher net margin
MAA
MAA
25.6% more per $
MAA
10.4%
-15.2%
XRAY
More free cash flow
MAA
MAA
$98.6M more FCF
MAA
$158.6M
$60.0M
XRAY
Faster 2-yr revenue CAGR
MAA
MAA
Annualised
MAA
1.1%
0.4%
XRAY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MAA
MAA
XRAY
XRAY
Revenue
$555.6M
$961.0M
Net Profit
$57.6M
$-146.0M
Gross Margin
46.1%
Operating Margin
10.4%
-14.5%
Net Margin
10.4%
-15.2%
Revenue YoY
1.0%
6.2%
Net Profit YoY
-65.5%
66.0%
EPS (diluted)
$0.48
$-0.74

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
XRAY
XRAY
Q4 25
$555.6M
$961.0M
Q3 25
$554.4M
$904.0M
Q2 25
$549.9M
$936.0M
Q1 25
$549.3M
$879.0M
Q4 24
$549.8M
$905.0M
Q3 24
$551.1M
$951.0M
Q2 24
$546.4M
$984.0M
Q1 24
$543.6M
$953.0M
Net Profit
MAA
MAA
XRAY
XRAY
Q4 25
$57.6M
$-146.0M
Q3 25
$99.5M
$-427.0M
Q2 25
$108.1M
$-45.0M
Q1 25
$181.7M
$20.0M
Q4 24
$166.6M
$-430.0M
Q3 24
$115.2M
$-494.0M
Q2 24
$102.0M
$-4.0M
Q1 24
$143.7M
$18.0M
Gross Margin
MAA
MAA
XRAY
XRAY
Q4 25
46.1%
Q3 25
48.8%
Q2 25
52.4%
Q1 25
53.0%
Q4 24
49.3%
Q3 24
52.1%
Q2 24
51.9%
Q1 24
53.1%
Operating Margin
MAA
MAA
XRAY
XRAY
Q4 25
10.4%
-14.5%
Q3 25
18.7%
-24.1%
Q2 25
20.2%
-13.7%
Q1 25
34.0%
7.2%
Q4 24
31.3%
-56.2%
Q3 24
21.5%
-48.6%
Q2 24
19.3%
5.1%
Q1 24
27.4%
4.4%
Net Margin
MAA
MAA
XRAY
XRAY
Q4 25
10.4%
-15.2%
Q3 25
18.0%
-47.2%
Q2 25
19.7%
-4.8%
Q1 25
33.1%
2.3%
Q4 24
30.3%
-47.5%
Q3 24
20.9%
-51.9%
Q2 24
18.7%
-0.4%
Q1 24
26.4%
1.9%
EPS (diluted)
MAA
MAA
XRAY
XRAY
Q4 25
$0.48
$-0.74
Q3 25
$0.84
$-2.14
Q2 25
$0.92
$-0.22
Q1 25
$1.54
$0.10
Q4 24
$1.43
$-2.09
Q3 24
$0.98
$-2.46
Q2 24
$0.86
$-0.02
Q1 24
$1.22
$0.09

Balance Sheet & Financial Strength

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

Metric
MAA
MAA
XRAY
XRAY
Cash + ST InvestmentsLiquidity on hand
$60.3M
$326.0M
Total DebtLower is stronger
$2.3B
Stockholders' EquityBook value
$5.7B
$1.3B
Total Assets
$12.0B
$5.4B
Debt / EquityLower = less leverage
1.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAA
MAA
XRAY
XRAY
Q4 25
$60.3M
$326.0M
Q3 25
$32.2M
$363.0M
Q2 25
$54.5M
$359.0M
Q1 25
$55.8M
$398.0M
Q4 24
$43.0M
$272.0M
Q3 24
$50.2M
$296.0M
Q2 24
$62.8M
$279.0M
Q1 24
$54.6M
$291.0M
Total Debt
MAA
MAA
XRAY
XRAY
Q4 25
$2.3B
Q3 25
Q2 25
Q1 25
Q4 24
$1.7B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MAA
MAA
XRAY
XRAY
Q4 25
$5.7B
$1.3B
Q3 25
$5.8B
$1.5B
Q2 25
$5.9B
$2.0B
Q1 25
$5.9B
$2.0B
Q4 24
$5.9B
$1.9B
Q3 24
$5.9B
$2.5B
Q2 24
$6.0B
$3.1B
Q1 24
$6.1B
$3.3B
Total Assets
MAA
MAA
XRAY
XRAY
Q4 25
$12.0B
$5.4B
Q3 25
$11.9B
$5.7B
Q2 25
$11.8B
$6.1B
Q1 25
$11.8B
$6.0B
Q4 24
$11.8B
$5.8B
Q3 24
$11.8B
$6.6B
Q2 24
$11.6B
$6.9B
Q1 24
$11.5B
$7.1B
Debt / Equity
MAA
MAA
XRAY
XRAY
Q4 25
1.70×
Q3 25
Q2 25
Q1 25
Q4 24
0.90×
Q3 24
Q2 24
Q1 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
XRAY
XRAY
Operating Cash FlowLast quarter
$261.7M
$101.0M
Free Cash FlowOCF − Capex
$158.6M
$60.0M
FCF MarginFCF / Revenue
28.5%
6.2%
Capex IntensityCapex / Revenue
18.6%
4.3%
Cash ConversionOCF / Net Profit
4.55×
TTM Free Cash FlowTrailing 4 quarters
$717.9M
$104.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAA
MAA
XRAY
XRAY
Q4 25
$261.7M
$101.0M
Q3 25
$266.4M
$79.0M
Q2 25
$353.4M
$48.0M
Q1 25
$196.6M
$7.0M
Q4 24
$239.1M
$87.0M
Q3 24
$309.5M
$141.0M
Q2 24
$349.4M
$208.0M
Q1 24
$200.3M
$25.0M
Free Cash Flow
MAA
MAA
XRAY
XRAY
Q4 25
$158.6M
$60.0M
Q3 25
$170.8M
$40.0M
Q2 25
$264.5M
$16.0M
Q1 25
$124.0M
$-12.0M
Q4 24
$152.6M
$36.0M
Q3 24
$215.5M
$98.0M
Q2 24
$259.7M
$156.0M
Q1 24
$148.2M
$-9.0M
FCF Margin
MAA
MAA
XRAY
XRAY
Q4 25
28.5%
6.2%
Q3 25
30.8%
4.4%
Q2 25
48.1%
1.7%
Q1 25
22.6%
-1.4%
Q4 24
27.8%
4.0%
Q3 24
39.1%
10.3%
Q2 24
47.5%
15.9%
Q1 24
27.3%
-0.9%
Capex Intensity
MAA
MAA
XRAY
XRAY
Q4 25
18.6%
4.3%
Q3 25
17.2%
4.3%
Q2 25
16.2%
3.4%
Q1 25
13.2%
2.2%
Q4 24
15.7%
5.6%
Q3 24
17.1%
4.5%
Q2 24
16.4%
5.3%
Q1 24
9.6%
3.6%
Cash Conversion
MAA
MAA
XRAY
XRAY
Q4 25
4.55×
Q3 25
2.68×
Q2 25
3.27×
Q1 25
1.08×
0.35×
Q4 24
1.43×
Q3 24
2.69×
Q2 24
3.43×
Q1 24
1.39×
1.39×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MAA
MAA

Same Store$515.5M93%
Non Same Store And Other$36.8M7%

XRAY
XRAY

Essential Dental Solutions$372.0M39%
Equipment And Instruments$160.0M17%
Implants And Prosthetics$150.0M16%
CADCAM$139.0M14%
Wellspect Healthcare$88.0M9%
Orthodontics$52.0M5%

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