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APOGEE ENTERPRISES, INC.（APOG）与Mid-America Apartment Communities（MAA）财务数据对比。点击上方公司名可切换其他公司
Mid-America Apartment Communities的季度营收约是APOGEE ENTERPRISES, INC.的1.6倍（$555.6M vs $348.6M），Mid-America Apartment Communities净利率更高（10.4% vs 4.7%，领先5.6%），APOGEE ENTERPRISES, INC.同比增速更快（2.1% vs 1.0%），Mid-America Apartment Communities自由现金流更多（$158.6M vs $22.9M），过去两年Mid-America Apartment Communities的营收复合增速更高（1.1% vs -1.9%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
Mid-America Apartment Communities（股票代码：MAA）是一家公开上市的房地产投资信托基金，总部位于美国田纳西州孟菲斯市，核心业务为投资美国东南部及西南部地区的公寓物业，深耕美国高增长区域住宅不动产赛道，为股东创造稳定的长期投资回报。
APOG vs MAA — 直观对比
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $348.6M | $555.6M |
| 净利润 | $16.5M | $57.6M |
| 毛利率 | 23.8% | — |
| 营业利润率 | 7.1% | 10.4% |
| 净利率 | 4.7% | 10.4% |
| 营收同比 | 2.1% | 1.0% |
| 净利润同比 | -21.2% | -65.5% |
| 每股收益（稀释后） | $0.77 | $0.48 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
| Q4 25 | $348.6M | $555.6M | ||
| Q3 25 | $358.2M | $554.4M | ||
| Q2 25 | $346.6M | $549.9M | ||
| Q1 25 | $345.7M | $549.3M | ||
| Q4 24 | $341.3M | $549.8M | ||
| Q3 24 | $342.4M | $551.1M | ||
| Q2 24 | $331.5M | $546.4M | ||
| Q1 24 | $361.8M | $543.6M |
| Q4 25 | $16.5M | $57.6M | ||
| Q3 25 | $23.6M | $99.5M | ||
| Q2 25 | $-2.7M | $108.1M | ||
| Q1 25 | $2.5M | $181.7M | ||
| Q4 24 | $21.0M | $166.6M | ||
| Q3 24 | $30.6M | $115.2M | ||
| Q2 24 | $31.0M | $102.0M | ||
| Q1 24 | $15.7M | $143.7M |
| Q4 25 | 23.8% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 21.7% | — | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 29.8% | — | ||
| Q1 24 | 24.4% | — |
| Q4 25 | 7.1% | 10.4% | ||
| Q3 25 | 7.5% | 18.7% | ||
| Q2 25 | 2.0% | 20.2% | ||
| Q1 25 | 1.8% | 34.0% | ||
| Q4 24 | 8.4% | 31.3% | ||
| Q3 24 | 12.3% | 21.5% | ||
| Q2 24 | 12.5% | 19.3% | ||
| Q1 24 | 6.0% | 27.4% |
| Q4 25 | 4.7% | 10.4% | ||
| Q3 25 | 6.6% | 18.0% | ||
| Q2 25 | -0.8% | 19.7% | ||
| Q1 25 | 0.7% | 33.1% | ||
| Q4 24 | 6.1% | 30.3% | ||
| Q3 24 | 8.9% | 20.9% | ||
| Q2 24 | 9.4% | 18.7% | ||
| Q1 24 | 4.3% | 26.4% |
| Q4 25 | $0.77 | $0.48 | ||
| Q3 25 | $1.10 | $0.84 | ||
| Q2 25 | $-0.13 | $0.92 | ||
| Q1 25 | $0.12 | $1.54 | ||
| Q4 24 | $0.96 | $1.43 | ||
| Q3 24 | $1.40 | $0.98 | ||
| Q2 24 | $1.41 | $0.86 | ||
| Q1 24 | $0.71 | $1.22 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $41.3M | $60.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $512.3M | $5.7B |
| 总资产 | $1.1B | $12.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $41.3M | $60.3M | ||
| Q3 25 | $39.5M | $32.2M | ||
| Q2 25 | $32.8M | $54.5M | ||
| Q1 25 | $41.4M | $55.8M | ||
| Q4 24 | $43.9M | $43.0M | ||
| Q3 24 | $51.0M | $50.2M | ||
| Q2 24 | $30.4M | $62.8M | ||
| Q1 24 | $37.2M | $54.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $285.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $62.0M | — |
| Q4 25 | $512.3M | $5.7B | ||
| Q3 25 | $500.2M | $5.8B | ||
| Q2 25 | $481.8M | $5.9B | ||
| Q1 25 | $487.9M | $5.9B | ||
| Q4 24 | $522.1M | $5.9B | ||
| Q3 24 | $506.4M | $5.9B | ||
| Q2 24 | $480.0M | $6.0B | ||
| Q1 24 | $471.0M | $6.1B |
| Q4 25 | $1.1B | $12.0B | ||
| Q3 25 | $1.2B | $11.9B | ||
| Q2 25 | $1.2B | $11.8B | ||
| Q1 25 | $1.2B | $11.8B | ||
| Q4 24 | $1.2B | $11.8B | ||
| Q3 24 | $917.1M | $11.8B | ||
| Q2 24 | $889.0M | $11.6B | ||
| Q1 24 | $884.1M | $11.5B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.13× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $29.3M | $261.7M |
| 自由现金流经营现金流 - 资本支出 | $22.9M | $158.6M |
| 自由现金流率自由现金流/营收 | 6.6% | 28.5% |
| 资本支出强度资本支出/营收 | 1.9% | 18.6% |
| 现金转化率经营现金流/净利润 | 1.77× | 4.55× |
| 过去12个月自由现金流最近4个季度 | $67.4M | $717.9M |
8季度趋势，按日历期对齐
| Q4 25 | $29.3M | $261.7M | ||
| Q3 25 | $57.1M | $266.4M | ||
| Q2 25 | $-19.8M | $353.4M | ||
| Q1 25 | $30.0M | $196.6M | ||
| Q4 24 | $31.0M | $239.1M | ||
| Q3 24 | $58.7M | $309.5M | ||
| Q2 24 | $5.5M | $349.4M | ||
| Q1 24 | $74.9M | $200.3M |
| Q4 25 | $22.9M | $158.6M | ||
| Q3 25 | $52.4M | $170.8M | ||
| Q2 25 | $-26.9M | $264.5M | ||
| Q1 25 | $19.1M | $124.0M | ||
| Q4 24 | $22.0M | $152.6M | ||
| Q3 24 | $50.2M | $215.5M | ||
| Q2 24 | $-1.8M | $259.7M | ||
| Q1 24 | $58.7M | $148.2M |
| Q4 25 | 6.6% | 28.5% | ||
| Q3 25 | 14.6% | 30.8% | ||
| Q2 25 | -7.8% | 48.1% | ||
| Q1 25 | 5.5% | 22.6% | ||
| Q4 24 | 6.4% | 27.8% | ||
| Q3 24 | 14.7% | 39.1% | ||
| Q2 24 | -0.5% | 47.5% | ||
| Q1 24 | 16.2% | 27.3% |
| Q4 25 | 1.9% | 18.6% | ||
| Q3 25 | 1.3% | 17.2% | ||
| Q2 25 | 2.1% | 16.2% | ||
| Q1 25 | 3.2% | 13.2% | ||
| Q4 24 | 2.6% | 15.7% | ||
| Q3 24 | 2.5% | 17.1% | ||
| Q2 24 | 2.2% | 16.4% | ||
| Q1 24 | 4.5% | 9.6% |
| Q4 25 | 1.77× | 4.55× | ||
| Q3 25 | 2.41× | 2.68× | ||
| Q2 25 | — | 3.27× | ||
| Q1 25 | 12.08× | 1.08× | ||
| Q4 24 | 1.48× | 1.43× | ||
| Q3 24 | 1.92× | 2.69× | ||
| Q2 24 | 0.18× | 3.43× | ||
| Q1 24 | 4.76× | 1.39× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
APOG
| Transferred At Point In Time | $163.0M | 47% |
| Architectural Services Segment | $105.2M | 30% |
| Performance Surfaces | $53.0M | 15% |
| UW Interco LLC | $27.9M | 8% |
MAA
| Same Store | $515.5M | 93% |
| Non Same Store And Other | $36.8M | 7% |
