Filing Flows › Mid America Apartment Communities (MAA) › Q4 2025 › vs Q4 2024
Mid America Apartment Communities (MAA) Q4 2025 vs Q4 2024 (year over year)
Mid America Apartment Communities's revenue rose $5.7M (+1%) from $550M in Q4 2024 to $556M in Q4 2025. Operating margin 10.5% against 31.3% (-20.8 pts).
Mid America Apartment Communities, Q4 2025: revenue $556M (+1% year over year), operating margin 10.5%, net earnings $57.6M, operating cash flow $262M. The chart draws each line against Q4 2024, the increases inside each band.
Margins
| Q4 2025 | Q4 2024 | Change | |
|---|---|---|---|
| Operating margin | 10.5% | 31.3% | -20.8 pts |
| Net margin | 10.4% | 30.3% | -19.9 pts |
| Free cash flow margin | 28.5% | 27.8% | +0.8 pts |
Every line
| Line | Q4 2025 | Q4 2024 | Change | % |
|---|---|---|---|---|
| Revenue | $556M | $550M | $5.7M | +1% |
| Operating profit | $58.4M | $172M | −$114M | -66% |
| Costs & expenses | $497M | $378M | $120M | +32% |
| Pre-tax earnings | $58.4M | $172M | −$114M | -66% |
| General & admin | $13.8M | $14.1M | −$222K | -2% |
| Other operating costs | $483M | $363M | $120M | +33% |
| Loss borne by minority interests | $330K | −$4.4M | $4.8M | — |
| Net earnings | $57.6M | $167M | −$109M | -65% |
| Income tax | $1.2M | $1.8M | −$564K | -32% |
| Depreciation & amortization | $160M | $151M | $8.9M | +6% |
| Share-based compensation | $4.7M | $3.4M | $1.3M | +38% |
| Working capital & other | $39.5M | −$82.0M | $121M | — |
| Operating cash flow | $262M | $239M | $22.5M | +9% |
| Free cash flow (OCF − capex) | $159M | $153M | $6.0M | +4% |
| Capital expenditures | $103M | $86.5M | $16.6M | +19% |
Questions
How much did Mid America Apartment Communities's revenue grow year over year in Q4 2025?
Mid America Apartment Communities's revenue rose $5.7M (+1%) from $550M in Q4 2024 to $556M in Q4 2025. Operating margin 10.5% against 31.3% (-20.8 pts).