Friday 6 November 2026 Export MAA’s income statement to Excel — free account

Mid-America Apartment Communities, Inc.

Mid-America Apartment Communities, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 0.83% from fiscal 2024.

Revenue: +1.04%
EPS: −11.9%
Free cash flow: +81.7%
Total debt: +12.4%

Quarter to September 2026, against a year earlier

120.04 1.65 −1.36%

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Market cap: $14.5B
P/E: 36.5×
Fwd P/E: 32.1×
Dividend yield: 5.05%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	35.52	34.83	49.59	43.09	57.59	49.77	28.31	28.84	34.50	36.65
Piotroski F-Score Full definition →	5	7	4	8	4	8	7	5	3	4
P/S ratio Full definition →	6.79	7.39	6.92	9.15	8.62	14.80	8.88	7.37	8.24	7.35
P/FCF ratio Full definition →	29.58	30.69	29.39	22.71	26.59	30.52	22.09	27.51	32.29	24.40
P/Operating CF Full definition →	79.76	109.30	81.62	93.90	80.34	121.45	71.37	59.74	75.48	62.09
P/B ratio Full definition →	1.15	1.72	1.71	2.39	2.38	4.28	2.90	2.52	2.95	2.79
Price to Tangible BV Full definition →	1.15	1.72	1.71	2.39	2.38	4.28	2.90	2.52	2.95	2.79
EV/Sales Full definition →	10.68	10.27	9.77	11.82	11.32	17.27	11.03	9.45	10.49	9.77
EV/EBITDA Full definition →	20.42	18.71	17.32	20.72	20.12	30.56	18.90	16.11	18.39	17.28
EV/Operating CF Full definition →	24.78	23.77	20.91	24.82	23.05	34.31	21.05	17.86	20.92	20.01
EV/FCF Full definition →	46.54	42.68	41.48	29.35	34.91	35.61	27.46	35.30	41.09	32.41
Quick Ratio Full definition →	0.27	0.22	0.12	0.15	0.07	0.22	0.10	0.09	0.08	0.10
Current Ratio Full definition →	0.27	0.22	0.12	0.15	0.07	0.22	0.10	0.09	0.08	0.10
Net Debt/EBITDA Full definition →	7.44	5.26	5.05	4.68	4.79	4.36	3.69	3.56	3.94	4.27
Debt/Assets Full definition →	38.78%	39.18%	39.99%	39.67%	40.76%	40.02%	39.27%	39.53%	42.17%	45.14%
Debt/Equity Full definition →	0.68	0.68	0.71	0.71	0.75	0.73	0.71	0.72	0.81	0.93
Asset Turnover Full definition →	0.12	0.13	0.14	0.15	0.15	0.16	0.18	0.19	0.19	0.19
Operating CF/Net income Full definition →	2.29	2.04	3.35	2.23	3.28	1.69	1.67	2.07	2.10	2.43
Capex/Depreciation Full definition →	(0.72)	(0.60)	(0.75)	(0.24)	(0.54)	(0.06)	(0.45)	(0.98)	(0.91)	(0.65)
Interest Coverage Full definition →	2.12	2.29	2.31	2.40	2.55	2.96	4.06	4.62	3.90	3.34
ROE Full definition →	4.32%	4.91%	3.39%	5.53%	4.06%	8.66%	10.27%	8.81%	8.45%	7.42%
ROA Full definition →	2.30%	2.81%	1.92%	3.10%	2.24%	4.72%	5.63%	4.83%	4.50%	3.73%
ROIC Full definition →	1.56%	2.02%	2.31%	2.53%	2.52%	2.76%	3.73%	4.00%	3.71%	3.47%
Return on Tangible Assets Full definition →	1.92%	2.97%	2.03%	3.31%	2.40%	5.10%	6.08%	5.18%	4.81%	4.05%
Average Days of Receivables Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	2.58%	2.63%	2.47%	2.67%	2.79%	2.97%	2.91%	2.73%	2.58%	2.48%
Intangible Assets out of Total Assets Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	1.02%	0.69%	0.79%	0.83%	0.85%	0.94%	0.93%	0.73%	0.72%	0.76%
Graham Net Nets Full definition →	(0.63)	(0.43)	(0.45)	(0.32)	(0.35)	(0.19)	(0.28)	(0.33)	(0.31)	(0.37)
Graham Number Full definition →	72.22	61.08	49.35	61.67	51.37	74.59	81.42	75.57	72.71	65.14
Earnings Yield Full definition →	2.82%	2.87%	2.02%	2.32%	1.74%	2.01%	3.53%	3.47%	2.90%	2.73%
Free Cash Flow Yield Full definition →	3.38%	3.26%	3.40%	4.40%	3.76%	3.28%	4.53%	3.64%	3.10%	4.10%
Revenue per Share Full definition →	14.34	13.48	13.83	14.41	14.69	15.50	17.51	18.44	18.76	18.89
Operating CF per Share Full definition →	6.18	5.83	6.46	6.86	7.22	7.80	9.18	9.76	9.41	9.22
Capex per Share Full definition →	(2.89)	(2.58)	(3.21)	(1.06)	(2.45)	(0.28)	(2.14)	(4.82)	(4.62)	(3.53)
Free Cash Flow per Share Full definition →	3.29	3.25	3.26	5.81	4.76	7.52	7.03	4.94	4.79	5.69
Cash per Share Full definition →	1.55	0.78	0.45	0.62	0.31	1.14	0.53	0.47	0.49	0.63
Shareholders Equity per Share Full definition →	84.61	57.97	56.07	55.24	53.32	53.64	53.66	53.90	52.45	49.76
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	84.61	57.97	56.07	55.24	53.32	53.64	53.66	53.90	52.45	49.76
Free Cash Flow Full definition →	258.25	368.09	370.07	660.92	544.10	862.38	811.37	575.46	559.06	665.84
Working Capital Full definition →	(330.80)	(316.69)	(362.18)	(401.72)	(492.66)	(453.80)	(554.77)	(590.06)	(626.99)	(656.39)
Capital Expenditures Full definition →	(226.75)	(292.71)	(364.22)	(120.50)	(279.85)	(32.59)	(247.11)	(561.73)	(539.23)	(412.33)
Net Current Asset Value Full definition →	(4,840.59)	(4,829.16)	(4,899.92)	(4,870.45)	(5,070.77)	(5,000.68)	(4,990.35)	(5,149.46)	(5,630.17)	(6,082.16)
EV/EBIT Full definition →	43.69	44.28	38.33	44.85	44.43	66.05	35.43	29.49	34.98	34.83
Capex to Sales Full definition →	0.20	0.19	0.23	0.07	0.17	0.02	0.12	0.26	0.25	0.19
Price to Operating Income Full definition →	27.77	31.84	27.15	34.71	33.84	56.62	28.51	22.98	27.48	26.23
Other line items
Depreciation/Fixed assets Full definition →	0.03	0.04	0.04	0.05	0.05	0.05	0.05	0.05	0.05	0.05
Cash ROIC Full definition →	2.29%	3.30%	3.38%	6.11%	5.09%	7.98%	7.61%	5.29%	5.01%	5.89%
Accounts Receivable Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover Full definition →	(49.97)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Payables Full definition →	(9.15)	—	—	—	—	—	—	—	—	—
Average Assets Full definition →	9,226.14	11,548.21	11,407.85	11,277.12	11,212.62	11,239.99	11,263.18	11,362.84	11,648.44	11,893.88
Average Common Equity Full definition →	4,899.96	6,607.99	6,473.03	6,330.82	6,188.92	6,121.15	6,171.82	6,234.84	6,202.69	5,972.33

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Columns are period end dates · fundamentals updated 2 Nov 2026

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