--- title: "Mid-America Apartment: Metrics Guide" description: "Mid-America Apartment Communities revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios explained." canonical: https://www.getswoopr.com/stocks/companies/mid-america-apartment-communities/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Mid-America Apartment Communities: Financial & Operating Metrics Guide ## Direct Answer Mid-America Apartment Communities reported revenue of $2.2 billion for the fiscal year ended December 31, 2025, net income of $447 million, according to its SEC filings. Revenue grew 0.8% from the prior year. ## What Are Mid-America Apartment Communities's Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $2.2 billion | $2.2 billion | $2.1 billion | $2.0 billion | | Operating income | Not reported | Not reported | Not reported | Not reported | | Operating margin | n/a | n/a | n/a | n/a | | Net income | $447 million | $528 million | $553 million | $637 million | | Net margin | 20.2% | 24.1% | 25.7% | 31.6% | | Operating cash flow | $1.1 billion | $1.1 billion | $1.1 billion | $1.1 billion | | Capital expenditures | $360 million | $322 million | $341 million | $296 million | | Free cash flow | $718 million | $776 million | $796 million | $762 million | Free cash flow (operating cash flow minus capital expenditures) was $718 million against net income of $447 million; cash generation covered reported earnings. ![Bar chart of Mid-America Apartment Communities revenue, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $2.2 billion and net income $447 million.](https://www.getswoopr.com/images/charts/mid-america-apartment-communities-metrics-revenue-profit.webp) *Mid-America Apartment Communities revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Mid-America Apartment Communities net margin for fiscal 2022 to 2025. In fiscal 2025, net margin was 20.2%.](https://www.getswoopr.com/images/charts/mid-america-apartment-communities-metrics-margins.webp) *Mid-America Apartment Communities operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Mid-America Apartment Communities operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $1.1 billion, capital expenditures was $360 million, free cash flow was $718 million.](https://www.getswoopr.com/images/charts/mid-america-apartment-communities-metrics-cash-flow.webp) *Mid-America Apartment Communities operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Mid-America Apartment Communities's Balance Sheet Show? | Cash and cash equivalents | $60 million | | --- | --- | | Long-term debt | Not reported | | Total assets | $12.0 billion | | Total liabilities | $6.1 billion | | Shareholders' equity | $5.7 billion | | Current ratio | n/a | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Mid-America Apartment Communities reported in its own SEC filings, read from the SEC's XBRL data (accession 0001193125-26-041208 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Mid-America Apartment Communities's revenue in fiscal 2025? Mid-America Apartment Communities reported revenue of $2.2 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is Mid-America Apartment Communities's operating margin? Mid-America Apartment Communities did not report operating income under the standard tag for fiscal 2025, so Swoopr does not compute an operating margin; the income statement in its 10-K shows how it presents profit. ### How much free cash flow did Mid-America Apartment Communities generate? Operating cash flow of $1.1 billion less capital expenditures of $360 million gives free cash flow of $718 million for fiscal 2025. ## References - [SEC EDGAR: MID AMERICA APARTMENT COMMUNITIES INC. Form 10-K filed February 6, 2026](https://www.sec.gov/Archives/edgar/data/912595/000119312526041208/maa-20251231.htm) - [SEC EDGAR: MID AMERICA APARTMENT COMMUNITIES INC. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=912595&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Mid-America Apartment Communities company dossier](https://www.getswoopr.com/stocks/companies/mid-america-apartment-communities/) - [Mid-America Apartment Communities financial metrics](https://www.getswoopr.com/stocks/companies/mid-america-apartment-communities/metrics/) - [Mid-America Apartment Communities financial risk indicators](https://www.getswoopr.com/stocks/companies/mid-america-apartment-communities/risks/) - [Mid-America Apartment Communities peer comparison](https://www.getswoopr.com/stocks/companies/mid-america-apartment-communities/competitors/) - [Mid-America Apartment Communities business model and revenue mix](https://www.getswoopr.com/stocks/companies/mid-america-apartment-communities/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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