Mays (J.W.) (MAYS) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed Jun 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MAYS SEC filings page.
Mays (J.W.) Inc (MAYS) reported $21.4M in revenue over the twelve months to Apr 30, 2026, down 3.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 shows a capital-intensive business converting more operations into cash, but not yet into operating profit.
Revenue in FY2025 declined0.5% from FY2023, yet operating cash flow rose13.4% over that span, pointing to better cash extraction without meaningful top-line expansion. Capital spending consumed94.9% of FY2025 operating cash flow, leaving only$128K of free cash flow; improved cash generation is therefore being absorbed by reinvestment rather than accumulating as surplus.
FY2025 EBITDA was
The balance sheet is being deleveraged rather than expanded through borrowing: FY2025 total liabilities were
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 5 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Mays (J.W.) Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Mays (J.W.) Inc scores 17/100 on it among other REITs.
FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Mays (J.W.) Inc scores 38/100 on it among other REITs.
Mays (J.W.) Inc's net debt of $2.5M, being $3.2M of long-term debt less $749K of cash, came to 1.51 times its EBITDA in fiscal year 2025. REITs are ranked here on that debt against their EBITDA, where a lower multiple is the safer one, and Mays (J.W.) Inc scores 92/100 among other REITs.
Mays (J.W.) Inc reported an operating loss of $154K in fiscal year 2025 against interest expense of $152K, so there is no cover to state. The interest coverage axis ranks REITs on operating income against interest owed, and Mays (J.W.) Inc scores 3/100 among other REITs.
AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Mays (J.W.) Inc scores 17/100 on it among other REITs.
Not available for Mays (J.W.) Inc, so it is left out of the overall score, which averages the 5 of 6 dimensions that can be computed.
Mays (J.W.) Inc passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
Mays (J.W.) Inc reported a net loss of $136K while generating $2.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Mays (J.W.) Inc reported an operating loss of $154K against $152K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Mays (J.W.) Inc generated $5.3M in revenue in Q3 2026. This represents a decrease of 5.6% from the same quarter a year earlier. Against the prior quarter it is up 2.0%.
Mays (J.W.) Inc's EBITDA was $150K in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 73.7% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Mays (J.W.) Inc reported a net loss of $217K in Q3 2026. This represents a decrease of 349.9% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Mays (J.W.) Inc earned -$0.11 per diluted share (EPS) in Q3 2026. This represents a decrease of 375.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Mays (J.W.) Inc recorded an outflow of $1.3M in free cash flow in Q3 2026, representing a cash shortfall after capex. This represents a decrease of 250.8% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Mays (J.W.) Inc held $2.1M in cash against $6.2M in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Mays (J.W.) Inc's operating margin was -6.0% in Q3 2026, reflecting core business profitability. This is down 8.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.6 percentage points.
Mays (J.W.) Inc's net profit margin was -4.1% in Q3 2026, showing the share of revenue converted to profit. This is down 5.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.7 percentage points.
Mays (J.W.) Inc's quarterly ROE was -0.4% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.
Not reported for Q3 2026.
Capital Allocation
Mays (J.W.) Inc invested $2.8M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 159.4% from the same quarter a year earlier. Against the prior quarter it is up 179.7%.
Not reported for Q3 2026.
Not reported for Q3 2026.
MAYS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.3M-5.6% | $5.2M-7.7% | $5.3M-5.2% | $5.7M+3.0% | $5.6M+5.0% | $5.6M+4.2% | $5.5M+4.0% | $5.5M+1.6% |
| SG&A Expenses | $1.2M-6.0% | $1.3M+5.9% | $1.2M-8.0% | $1.4M+4.1% | $1.2M-2.0% | $1.3M-15.8% | $1.3M+3.0% | $1.3M+1.5% |
| Operating Income | -$322K-384.3% | -$712Kn/m | -$488K-1035.7% | -$137Kn/m | $113Kn/m | -$182Kn/m | $52Kn/m | -$84Kn/m |
| EBITDA | $150K-73.7% | -$242K-191.9% | -$16K-103.2% | $316K-11.0% | $570K+109.3% | $263K+160.0% | $496K+31.8% | $355K+15.5% |
| Interest Expense | $63K+83.7% | $31K-20.8% | $32K-30.2% | $32K-35.3% | $34K-36.4% | $40K-29.6% | $46K-26.0% | $50K-35.7% |
| Income Tax | -$92K-500.0% | -$207Kn/m | -$145K-2516.7% | -$42K-268.0% | $23Kn/m | -$46K-1250.0% | $6Kn/m | $25Kn/m |
| Net Income | -$217K-349.9% | -$509Kn/m | -$334K-1353.1% | -$92Kn/m | $87Kn/m | -$158Kn/m | $27Kn/m | -$31Kn/m |
| EPS (Basic) | -$0.11-375.0% | -$0.25n/m | -$0.17-1800.0% | -$0.05 | $0.04n/m | -$0.08n/m | $0.01n/m | -$0.01n/m |
| EPS (Diluted) | -$0.11-375.0% | -$0.25n/m | -$0.17-1800.0% | -$0.05 | $0.04n/m | -$0.08n/m | $0.01n/m | -$0.01n/m |
| Diluted Shares (Avg) | 2M0.0% | 2M0.0% | 2M0.0% | N/A | 2M0.0% | 2M0.0% | 2M0.0% | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
MAYS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $90.2M+2.7% | $88.4M0.0% | $88.7M+0.2% | $88.0M-1.6% | $87.9M-2.8% | $88.3M-2.5% | $88.5M-2.7% | $89.5M-2.6% |
| Cash & Equivalents | $2.1M-7.4% | $434K-70.9% | $2.2M-5.5% | $749K-39.8% | $2.3M+94.6% | $1.5M+115.6% | $2.3M-1.0% | $1.2M+2.3% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $38.5M+10.0% | $36.5M+2.5% | $36.3M+2.0% | $35.3M-3.7% | $35.0M-6.7% | $35.6M-5.3% | $35.6M-6.1% | $36.6M-5.1% |
| Long-Term Debt | $6.2M+89.3% | $3.2M-4.8% | $3.2M-9.9% | $3.2M-16.5% | $3.3M | $3.3M | $3.5M | $3.9M-24.7% |
| Total Equity | $51.7M-2.2% | $51.9M-1.6% | $52.4M-0.9% | $52.8M-0.3% | $52.9M-0.1% | $52.8M-0.5% | $52.9M-0.4% | $52.9M-0.8% |
| Retained Earnings | $47.5M-2.4% | $47.7M-1.7% | $48.2M-1.0% | $48.5M-0.3% | $48.6M-0.2% | $48.5M-0.5% | $48.7M-0.4% | $48.7M-0.8% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.
MAYS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.4M-25.3% | -$730Kn/m | $1.9M+6.6% | -$827Kn/m | $1.9M-1.8% | -$383Kn/m | $1.8M+2.6% | -$1.4Mn/m |
| Depreciation & Amortization | $472K+3.2% | $471K+5.7% | $472K+6.3% | $453K+3.4% | $457K+6.5% | $445K+3.7% | $444K+3.7% | $439K+3.2% |
| Capital Expenditures | $2.8M+159.4% | $984K+385.1% | $411K-10.6% | $669K+58.8% | $1.1M-9.7% | $203K-64.8% | $460K+47.1% | $421K+611.7% |
| Free Cash Flow | -$1.3M-250.8% | -$1.7Mn/m | $1.5M+12.5% | -$1.5Mn/m | $868K+9.9% | -$586Kn/m | $1.3M-7.1% | -$1.8Mn/m |
| Investing Cash Flow | -$2.8Mn/m | -$984Kn/m | -$411Kn/m | -$669K-136.7% | -$1.1Mn/m | -$203Kn/m | -$460Kn/m | $1.8M+699.5% |
| Financing Cash Flow | $3.0Mn/m | -$41Kn/m | -$41Kn/m | -$40Kn/m | -$40Kn/m | -$239Kn/m | -$336Kn/m | -$332Kn/m |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
MAYS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -6.0%-8.1pp | -13.7%-10.4pp | -9.3%-10.2pp | -2.4%-0.9pp | 2.0%+4.9pp | -3.2%+2.8pp | 0.9%+1.9pp | -1.5%+0.7pp |
| Net Margin | -4.1%-5.6pp | -9.8%-7.0pp | -6.4%-6.8pp | -1.6%-1.1pp | 1.5%+3.1pp | -2.8%-1.0pp | 0.5%+4.1pp | -0.6%+2.2pp |
| Return on Equity | -0.4%-0.6pp | -1.0%-0.7pp | -0.6%-0.7pp | -0.2%-0.1pp | 0.2%+0.3pp | -0.3%-0.1pp | 0.1%+0.4pp | -0.1%+0.2pp |
| Return on Assets | -0.2%-0.3pp | -0.6%-0.4pp | -0.4%-0.4pp | -0.1%-0.1pp | 0.1%+0.2pp | -0.2%-0.1pp | 0.0%+0.2pp | 0.0%+0.1pp |
| Debt-to-Equity | 0.12+0.1x | 0.060.0x | 0.060.0x | 0.060.0x | 0.06 | 0.06 | 0.07 | 0.070.0x |
| Liabilities-to-Equity | 0.75+0.1x | 0.700.0x | 0.690.0x | 0.670.0x | 0.660.0x | 0.670.0x | 0.670.0x | 0.690.0x |
| Asset Turnover | 0.060.0x | 0.060.0x | 0.060.0x | 0.060.0x | 0.060.0x | 0.060.0x | 0.060.0x | 0.060.0x |
| FCF Margin | -24.6%-40.1pp | -32.9%-22.5pp | 28.8%+4.5pp | -26.5%+7.0pp | 15.4%+0.7pp | -10.4%+16.3pp | 24.2%-2.9pp | -33.5%-13.1pp |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Mays (J.W.) Inc MAYS | FY2025 | $22.5M | -$136K | -0.6% | $88.7M | 33/100 |
| Seritage Growth Properties SRG | FY2025 | $18.2M | -$73.1M | N/A | $94.6M | 2/100 |
| Star Holdings Shares of Beneficial Interest STHO | FY2025 | $110.1M | -$64.2M | -58.3% | $91.5M | 5/100 |
| New England Realty Associates Limited Partnership NEN | FY2025 | $89.2M | $6.0M | 6.8% | $156.1M | 43/100 |
| Douglas Elliman Inc. DOUG | FY2025 | $1.0B | $15.2M | 1.5% | $142.7M | 42/100 |
| Altisource Portfolio Solutions S.A. ASPS | FY2025 | $171.0M | $1.6M | 0.9% | $65.4M | 26/100 |
Where Mays (J.W.) Inc Ranks
Frequently Asked Questions
Mays (J.W.) Inc (MAYS) reported $22.5M in total revenue for fiscal year 2025. This represents a 4.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Mays (J.W.) Inc (MAYS) revenue grew by 4.1% year-over-year, from $21.6M to $22.5M in fiscal year 2025.
No, Mays (J.W.) Inc (MAYS) reported a net loss of $1.2M over the trailing 12 months to April 30, 2026. In fiscal year 2025 it reported a net loss of $136K, with a net profit margin of -0.6%.
Mays (J.W.) Inc (MAYS) had EBITDA of $1.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, Mays (J.W.) Inc (MAYS) had $749K in cash and equivalents against $3.2M in long-term debt.
Mays (J.W.) Inc (MAYS) had an operating margin of -0.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Mays (J.W.) Inc (MAYS) had a net profit margin of -0.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Mays (J.W.) Inc (MAYS) has a return on equity of -0.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Mays (J.W.) Inc (MAYS) generated $128K in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
Mays (J.W.) Inc (MAYS) generated $2.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Mays (J.W.) Inc (MAYS) had $88.0M in total assets as of fiscal year 2025, including both current and long-term assets.
Mays (J.W.) Inc (MAYS) invested $2.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Mays (J.W.) Inc (MAYS) had a debt-to-equity ratio of 0.06 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Mays (J.W.) Inc (MAYS) had a liabilities-to-equity ratio of 0.67 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Mays (J.W.) Inc (MAYS) had a return on assets of -0.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Mays (J.W.) Inc (MAYS) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to April 30, 2026). The market capitalization is $88.7M as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Mays (J.W.) Inc (MAYS) trades at 4.1x sales, its market capitalization divided by $21.4M revenue, trailing 12 months to April 30, 2026. The market capitalization is $88.7M as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Mays (J.W.) Inc (MAYS) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Mays (J.W.) Inc (MAYS) reported a net loss of $136K while generating $2.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Mays (J.W.) Inc (MAYS) reported an operating loss of $154K against $152K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
Mays (J.W.) Inc (MAYS) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is the average of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Mays (J.W.) Inc it averages the 5 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.