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Side-by-side financial comparison of MediaAlpha, Inc. (MAX) and Regency Centers (REG). Click either name above to swap in a different company.

Regency Centers is the larger business by last-quarter revenue ($404.2M vs $310.0M, roughly 1.3× MediaAlpha, Inc.). Regency Centers runs the higher net margin — 50.1% vs 4.5%, a 45.6% gap on every dollar of revenue. On growth, MediaAlpha, Inc. posted the faster year-over-year revenue change (17.3% vs 8.5%). Over the past eight quarters, MediaAlpha, Inc.'s revenue compounded faster (31.9% CAGR vs 5.4%).

Alpha Group Co., Ltd. is a Chinese multinational conglomerate with animation, toy, mass media asset and entertainment company headquartered created by Cai Dongqing in 1993. In 2016, it changed its name from Alpha Animation. The company has a Chinese webcomics site, U17, and also an American film company, Alpha Pictures, and has announced the creation of an animation division also based in the United States.

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida, and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56-million-square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.

MAX vs REG — Head-to-Head

Bigger by revenue
REG
REG
1.3× larger
REG
$404.2M
$310.0M
MAX
Growing faster (revenue YoY)
MAX
MAX
+8.8% gap
MAX
17.3%
8.5%
REG
Higher net margin
REG
REG
45.6% more per $
REG
50.1%
4.5%
MAX
Faster 2-yr revenue CAGR
MAX
MAX
Annualised
MAX
31.9%
5.4%
REG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MAX
MAX
REG
REG
Revenue
$310.0M
$404.2M
Net Profit
$14.0M
$202.5M
Gross Margin
15.1%
Operating Margin
7.2%
71.0%
Net Margin
4.5%
50.1%
Revenue YoY
17.3%
8.5%
Net Profit YoY
701.8%
134.1%
EPS (diluted)

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
MAX
MAX
REG
REG
Q1 26
$310.0M
Q4 25
$291.2M
$404.2M
Q3 25
$306.5M
$387.6M
Q2 25
$251.6M
$380.8M
Q1 25
$264.3M
$380.9M
Q4 24
$300.6M
$372.5M
Q3 24
$259.1M
$360.3M
Q2 24
$178.3M
$357.3M
Net Profit
MAX
MAX
REG
REG
Q1 26
$14.0M
Q4 25
$31.4M
$202.5M
Q3 25
$14.9M
$109.4M
Q2 25
$-18.7M
$106.0M
Q1 25
$-1.9M
$109.6M
Q4 24
$4.6M
$86.5M
Q3 24
$9.5M
$101.5M
Q2 24
$3.6M
$102.7M
Gross Margin
MAX
MAX
REG
REG
Q1 26
15.1%
Q4 25
15.4%
Q3 25
14.2%
Q2 25
15.0%
Q1 25
15.8%
Q4 24
16.3%
Q3 24
15.1%
Q2 24
17.8%
Operating Margin
MAX
MAX
REG
REG
Q1 26
7.2%
Q4 25
7.7%
71.0%
Q3 25
6.4%
72.7%
Q2 25
-8.0%
73.8%
Q1 25
0.0%
71.8%
Q4 24
6.1%
71.1%
Q3 24
6.0%
72.5%
Q2 24
3.6%
72.3%
Net Margin
MAX
MAX
REG
REG
Q1 26
4.5%
Q4 25
10.8%
50.1%
Q3 25
4.9%
28.2%
Q2 25
-7.4%
27.8%
Q1 25
-0.7%
28.8%
Q4 24
1.5%
23.2%
Q3 24
3.7%
28.2%
Q2 24
2.0%
28.7%
EPS (diluted)
MAX
MAX
REG
REG
Q1 26
Q4 25
$0.50
Q3 25
$0.26
Q2 25
$-0.33
Q1 25
$-0.04
Q4 24
$0.09
Q3 24
$0.17
Q2 24
$0.07

Balance Sheet & Financial Strength

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

Metric
MAX
MAX
REG
REG
Cash + ST InvestmentsLiquidity on hand
$26.1M
Total DebtLower is stronger
$163.5M
$4.7B
Stockholders' EquityBook value
$6.9B
Total Assets
$367.7M
$13.0B
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAX
MAX
REG
REG
Q1 26
$26.1M
Q4 25
$46.9M
Q3 25
$38.8M
Q2 25
$85.4M
Q1 25
$63.6M
Q4 24
$43.3M
Q3 24
$32.3M
Q2 24
$28.7M
Total Debt
MAX
MAX
REG
REG
Q1 26
$163.5M
Q4 25
$153.4M
$4.7B
Q3 25
$155.7M
$4.9B
Q2 25
$158.0M
$4.8B
Q1 25
$160.2M
$4.6B
Q4 24
$162.4M
$4.4B
Q3 24
$164.7M
$4.4B
Q2 24
$166.9M
$4.4B
Stockholders' Equity
MAX
MAX
REG
REG
Q1 26
Q4 25
$4.2M
$6.9B
Q3 25
$-29.8M
$6.8B
Q2 25
$-3.8M
$6.7B
Q1 25
$7.9M
$6.7B
Q4 24
$2.4M
$6.7B
Q3 24
$-8.4M
$6.8B
Q2 24
$-24.4M
$6.8B
Total Assets
MAX
MAX
REG
REG
Q1 26
$367.7M
Q4 25
$383.8M
$13.0B
Q3 25
$266.2M
$13.1B
Q2 25
$249.4M
$12.7B
Q1 25
$240.0M
$12.6B
Q4 24
$262.4M
$12.4B
Q3 24
$236.1M
$12.4B
Q2 24
$198.2M
$12.4B
Debt / Equity
MAX
MAX
REG
REG
Q1 26
Q4 25
36.88×
0.69×
Q3 25
0.72×
Q2 25
0.72×
Q1 25
20.23×
0.69×
Q4 24
68.31×
0.66×
Q3 24
0.65×
Q2 24
0.64×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MAX
MAX
REG
REG
Operating Cash FlowLast quarter
$203.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.01×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAX
MAX
REG
REG
Q1 26
Q4 25
$-7.4M
$203.9M
Q3 25
$23.6M
$218.7M
Q2 25
$25.7M
$244.0M
Q1 25
$23.7M
$161.0M
Q4 24
$14.5M
$191.4M
Q3 24
$8.1M
$227.6M
Q2 24
$21.6M
$203.5M
Free Cash Flow
MAX
MAX
REG
REG
Q1 26
Q4 25
$-7.5M
Q3 25
$23.6M
Q2 25
$25.5M
Q1 25
$23.6M
Q4 24
$14.5M
Q3 24
$8.0M
Q2 24
$21.5M
FCF Margin
MAX
MAX
REG
REG
Q1 26
Q4 25
-2.6%
Q3 25
7.7%
Q2 25
10.2%
Q1 25
8.9%
Q4 24
4.8%
Q3 24
3.1%
Q2 24
12.0%
Capex Intensity
MAX
MAX
REG
REG
Q1 26
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Cash Conversion
MAX
MAX
REG
REG
Q1 26
Q4 25
-0.24×
1.01×
Q3 25
1.58×
2.00×
Q2 25
2.30×
Q1 25
1.47×
Q4 24
3.13×
2.21×
Q3 24
0.85×
2.24×
Q2 24
5.97×
1.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAX
MAX

Segment breakdown not available.

REG
REG

Shopping Centers$418.0M103%
Propertymanagementservices$4.1M1%
Assetmanagementservices$1.7M0%

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