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Side-by-side financial comparison of Ameren (AEE) and MUELLER INDUSTRIES INC (MLI). Click either name above to swap in a different company.

Ameren is the larger business by last-quarter revenue ($1.8B vs $962.4M, roughly 1.9× MUELLER INDUSTRIES INC). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs 14.2%, a 1.8% gap on every dollar of revenue. On growth, MUELLER INDUSTRIES INC posted the faster year-over-year revenue change (4.2% vs -8.2%). MUELLER INDUSTRIES INC produced more free cash flow last quarter ($121.4M vs $-54.0M). Over the past eight quarters, MUELLER INDUSTRIES INC's revenue compounded faster (6.4% CAGR vs -0.9%).

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses. It primarily generates electricity through coal, nucle...

Mueller Industries is an American manufacturing company that specializes in piping, industrial metals and climate machinery. It was founded in 1917 and is included on the Fortune 1000 list in 2022. The head office of the company is located in Memphis, Tennessee. Mueller Industries, Inc. is a multi-billion dollar revenue company that is publicly traded.

AEE vs MLI — Head-to-Head

Bigger by revenue
AEE
AEE
1.9× larger
AEE
$1.8B
$962.4M
MLI
Growing faster (revenue YoY)
MLI
MLI
+12.4% gap
MLI
4.2%
-8.2%
AEE
Higher net margin
MLI
MLI
1.8% more per $
MLI
16.0%
14.2%
AEE
More free cash flow
MLI
MLI
$175.4M more FCF
MLI
$121.4M
$-54.0M
AEE
Faster 2-yr revenue CAGR
MLI
MLI
Annualised
MLI
6.4%
-0.9%
AEE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AEE
AEE
MLI
MLI
Revenue
$1.8B
$962.4M
Net Profit
$253.0M
$153.7M
Gross Margin
Operating Margin
20.2%
17.9%
Net Margin
14.2%
16.0%
Revenue YoY
-8.2%
4.2%
Net Profit YoY
21.6%
11.7%
EPS (diluted)
$0.92
$1.37

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AEE
AEE
MLI
MLI
Q4 25
$1.8B
$962.4M
Q3 25
$2.7B
$1.1B
Q2 25
$2.2B
$1.1B
Q1 25
$2.1B
$1.0B
Q4 24
$1.9B
$923.5M
Q3 24
$2.2B
$997.8M
Q2 24
$1.7B
$997.7M
Q1 24
$1.8B
$849.7M
Net Profit
AEE
AEE
MLI
MLI
Q4 25
$253.0M
$153.7M
Q3 25
$641.0M
$208.1M
Q2 25
$277.0M
$245.9M
Q1 25
$290.0M
$157.4M
Q4 24
$208.0M
$137.7M
Q3 24
$457.0M
$168.7M
Q2 24
$260.0M
$160.2M
Q1 24
$262.0M
$138.4M
Gross Margin
AEE
AEE
MLI
MLI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
27.6%
Q2 24
27.3%
Q1 24
28.4%
Operating Margin
AEE
AEE
MLI
MLI
Q4 25
20.2%
17.9%
Q3 25
30.6%
25.6%
Q2 25
18.5%
26.7%
Q1 25
20.5%
20.6%
Q4 24
10.2%
18.4%
Q3 24
27.0%
20.7%
Q2 24
21.3%
21.0%
Q1 24
20.4%
21.6%
Net Margin
AEE
AEE
MLI
MLI
Q4 25
14.2%
16.0%
Q3 25
23.7%
19.3%
Q2 25
12.5%
21.6%
Q1 25
13.8%
15.7%
Q4 24
10.7%
14.9%
Q3 24
21.0%
16.9%
Q2 24
15.4%
16.1%
Q1 24
14.4%
16.3%
EPS (diluted)
AEE
AEE
MLI
MLI
Q4 25
$0.92
$1.37
Q3 25
$2.35
$1.88
Q2 25
$1.01
$2.22
Q1 25
$1.07
$1.39
Q4 24
$0.77
$1.21
Q3 24
$1.70
$1.48
Q2 24
$0.97
$1.41
Q1 24
$0.98
$1.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AEE
AEE
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$13.0M
$1.4B
Total DebtLower is stronger
$19.4B
Stockholders' EquityBook value
$13.4B
$3.2B
Total Assets
$48.5B
$3.7B
Debt / EquityLower = less leverage
1.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AEE
AEE
MLI
MLI
Q4 25
$13.0M
$1.4B
Q3 25
$9.0M
$1.3B
Q2 25
$11.0M
$1.1B
Q1 25
$23.0M
$873.6M
Q4 24
$7.0M
$1.1B
Q3 24
$17.0M
$969.6M
Q2 24
$19.0M
$825.7M
Q1 24
$85.0M
$1.4B
Total Debt
AEE
AEE
MLI
MLI
Q4 25
$19.4B
Q3 25
Q2 25
Q1 25
Q4 24
$17.8B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AEE
AEE
MLI
MLI
Q4 25
$13.4B
$3.2B
Q3 25
$12.8B
$3.1B
Q2 25
$12.3B
$2.9B
Q1 25
$12.2B
$2.7B
Q4 24
$12.1B
$2.8B
Q3 24
$11.8B
$2.7B
Q2 24
$11.5B
$2.5B
Q1 24
$11.4B
$2.4B
Total Assets
AEE
AEE
MLI
MLI
Q4 25
$48.5B
$3.7B
Q3 25
$47.4B
$3.7B
Q2 25
$46.6B
$3.5B
Q1 25
$45.7B
$3.2B
Q4 24
$44.6B
$3.3B
Q3 24
$43.3B
$3.2B
Q2 24
$42.3B
$3.1B
Q1 24
$41.3B
$2.9B
Debt / Equity
AEE
AEE
MLI
MLI
Q4 25
1.45×
Q3 25
Q2 25
Q1 25
Q4 24
1.47×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AEE
AEE
MLI
MLI
Operating Cash FlowLast quarter
$956.0M
$141.2M
Free Cash FlowOCF − Capex
$-54.0M
$121.4M
FCF MarginFCF / Revenue
-3.0%
12.6%
Capex IntensityCapex / Revenue
56.7%
2.1%
Cash ConversionOCF / Net Profit
3.78×
0.92×
TTM Free Cash FlowTrailing 4 quarters
$-775.0M
$686.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AEE
AEE
MLI
MLI
Q4 25
$956.0M
$141.2M
Q3 25
$1.1B
$310.1M
Q2 25
$862.0M
$190.6M
Q1 25
$431.0M
$113.6M
Q4 24
$817.0M
$140.1M
Q3 24
$897.0M
$231.4M
Q2 24
$557.0M
$100.8M
Q1 24
$492.0M
$173.6M
Free Cash Flow
AEE
AEE
MLI
MLI
Q4 25
$-54.0M
$121.4M
Q3 25
$116.0M
$291.8M
Q2 25
$-204.0M
$176.5M
Q1 25
$-633.0M
$97.0M
Q4 24
$-473.0M
$111.2M
Q3 24
$-240.0M
$205.7M
Q2 24
$-445.0M
$91.6M
Q1 24
$-398.0M
$157.2M
FCF Margin
AEE
AEE
MLI
MLI
Q4 25
-3.0%
12.6%
Q3 25
4.3%
27.1%
Q2 25
-9.2%
15.5%
Q1 25
-30.2%
9.7%
Q4 24
-24.4%
12.0%
Q3 24
-11.0%
20.6%
Q2 24
-26.3%
9.2%
Q1 24
-21.9%
18.5%
Capex Intensity
AEE
AEE
MLI
MLI
Q4 25
56.7%
2.1%
Q3 25
36.6%
1.7%
Q2 25
48.0%
1.2%
Q1 25
50.7%
1.7%
Q4 24
66.5%
3.1%
Q3 24
52.3%
2.6%
Q2 24
59.2%
0.9%
Q1 24
49.0%
1.9%
Cash Conversion
AEE
AEE
MLI
MLI
Q4 25
3.78×
0.92×
Q3 25
1.72×
1.49×
Q2 25
3.11×
0.78×
Q1 25
1.49×
0.72×
Q4 24
3.93×
1.02×
Q3 24
1.96×
1.37×
Q2 24
2.14×
0.63×
Q1 24
1.88×
1.25×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AEE
AEE

Segment breakdown not available.

MLI
MLI

Tube And Fittings$484.6M50%
Industrial Metals$252.2M26%
Valves And Plumbing Specialties$122.5M13%
Flex Duct And Other HVAC Components$80.8M8%
Other Products$14.9M2%

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