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Side-by-side financial comparison of Alliance Laundry Holdings Inc. (ALH) and MDU RESOURCES GROUP INC (MDU). Click either name above to swap in a different company.

MDU RESOURCES GROUP INC is the larger business by last-quarter revenue ($522.6M vs $437.6M, roughly 1.2× Alliance Laundry Holdings Inc.). MDU RESOURCES GROUP INC runs the higher net margin — 14.6% vs 7.5%, a 7.1% gap on every dollar of revenue. On growth, Alliance Laundry Holdings Inc. posted the faster year-over-year revenue change (13.9% vs -1.6%). Alliance Laundry Holdings Inc. produced more free cash flow last quarter ($87.0M vs $-336.0M).

Alliance Laundry Systems LLC is an American provider of commercial laundry systems. The company designs, manufactures, and markets a line of commercial and industrial laundry equipment under various brands in over 100 countries. Among the company's products are washers, drying tumblers and ironers for the coin laundry, multi-housing laundries, institutional laundries and laundries for consumer residences. Alliance Laundry Systems manufactures products under the brands Speed Queen, Primus, Hue...

MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. It is headquartered in Bismarck, North Dakota, and operates in 48 states.

ALH vs MDU — Head-to-Head

Bigger by revenue
MDU
MDU
1.2× larger
MDU
$522.6M
$437.6M
ALH
Growing faster (revenue YoY)
ALH
ALH
+15.4% gap
ALH
13.9%
-1.6%
MDU
Higher net margin
MDU
MDU
7.1% more per $
MDU
14.6%
7.5%
ALH
More free cash flow
ALH
ALH
$423.0M more FCF
ALH
$87.0M
$-336.0M
MDU

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ALH
ALH
MDU
MDU
Revenue
$437.6M
$522.6M
Net Profit
$32.9M
$76.3M
Gross Margin
37.0%
Operating Margin
19.5%
20.5%
Net Margin
7.5%
14.6%
Revenue YoY
13.9%
-1.6%
Net Profit YoY
620.3%
38.4%
EPS (diluted)
$0.19
$0.37

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
ALH
ALH
MDU
MDU
Q4 25
$522.6M
Q3 25
$437.6M
$313.6M
Q2 25
$348.7M
Q1 25
$678.0M
Q4 24
$531.0M
Q3 24
$384.3M
$290.7M
Q2 24
$343.1M
Q1 24
$588.2M
Net Profit
ALH
ALH
MDU
MDU
Q4 25
$76.3M
Q3 25
$32.9M
$18.3M
Q2 25
$13.8M
Q1 25
$82.0M
Q4 24
$55.2M
Q3 24
$-6.3M
$64.6M
Q2 24
$60.4M
Q1 24
$100.9M
Gross Margin
ALH
ALH
MDU
MDU
Q4 25
Q3 25
37.0%
Q2 25
Q1 25
Q4 24
Q3 24
37.2%
Q2 24
Q1 24
Operating Margin
ALH
ALH
MDU
MDU
Q4 25
20.5%
Q3 25
19.5%
12.7%
Q2 25
8.7%
Q1 25
16.6%
Q4 24
17.8%
Q3 24
18.7%
12.0%
Q2 24
11.5%
Q1 24
16.4%
Net Margin
ALH
ALH
MDU
MDU
Q4 25
14.6%
Q3 25
7.5%
5.8%
Q2 25
4.0%
Q1 25
12.1%
Q4 24
10.4%
Q3 24
-1.6%
22.2%
Q2 24
17.6%
Q1 24
17.2%
EPS (diluted)
ALH
ALH
MDU
MDU
Q4 25
$0.37
Q3 25
$0.19
$0.09
Q2 25
$0.07
Q1 25
$0.40
Q4 24
$0.26
Q3 24
$-0.04
$0.32
Q2 24
$0.30
Q1 24
$0.49

Balance Sheet & Financial Strength

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

Metric
ALH
ALH
MDU
MDU
Cash + ST InvestmentsLiquidity on hand
$136.2M
$28.2M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$-136.4M
$2.8B
Total Assets
$2.9B
$7.6B
Debt / EquityLower = less leverage
0.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALH
ALH
MDU
MDU
Q4 25
$28.2M
Q3 25
$136.2M
$75.9M
Q2 25
$58.8M
Q1 25
$59.5M
Q4 24
$66.9M
Q3 24
$128.4M
$88.3M
Q2 24
$78.8M
Q1 24
$72.7M
Total Debt
ALH
ALH
MDU
MDU
Q4 25
$2.7B
Q3 25
$2.4B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.3B
Q1 24
$2.3B
Stockholders' Equity
ALH
ALH
MDU
MDU
Q4 25
$2.8B
Q3 25
$-136.4M
$2.7B
Q2 25
$2.7B
Q1 25
$2.7B
Q4 24
$2.7B
Q3 24
$-284.6M
$3.1B
Q2 24
$3.0B
Q1 24
$3.0B
Total Assets
ALH
ALH
MDU
MDU
Q4 25
$7.6B
Q3 25
$2.9B
$7.2B
Q2 25
$6.9B
Q1 25
$7.0B
Q4 24
$7.0B
Q3 24
$8.2B
Q2 24
$8.0B
Q1 24
$7.8B
Debt / Equity
ALH
ALH
MDU
MDU
Q4 25
0.97×
Q3 25
0.86×
Q2 25
0.80×
Q1 25
0.80×
Q4 24
0.85×
Q3 24
0.76×
Q2 24
0.75×
Q1 24
0.76×

Cash Flow & Capital Efficiency

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

Metric
ALH
ALH
MDU
MDU
Operating Cash FlowLast quarter
$116.8M
$80.6M
Free Cash FlowOCF − Capex
$87.0M
$-336.0M
FCF MarginFCF / Revenue
19.9%
-64.3%
Capex IntensityCapex / Revenue
6.8%
79.7%
Cash ConversionOCF / Net Profit
3.55×
1.06×
TTM Free Cash FlowTrailing 4 quarters
$-297.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALH
ALH
MDU
MDU
Q4 25
$80.6M
Q3 25
$116.8M
$57.9M
Q2 25
$117.4M
Q1 25
$217.5M
Q4 24
$60.5M
Q3 24
$140.2M
Q2 24
$136.5M
Q1 24
$165.1M
Free Cash Flow
ALH
ALH
MDU
MDU
Q4 25
$-336.0M
Q3 25
$87.0M
$-121.9M
Q2 25
$36.5M
Q1 25
$124.4M
Q4 24
$-95.8M
Q3 24
$673.0K
Q2 24
$26.5M
Q1 24
$48.1M
FCF Margin
ALH
ALH
MDU
MDU
Q4 25
-64.3%
Q3 25
19.9%
-38.9%
Q2 25
10.5%
Q1 25
18.4%
Q4 24
-18.0%
Q3 24
0.2%
Q2 24
7.7%
Q1 24
8.2%
Capex Intensity
ALH
ALH
MDU
MDU
Q4 25
79.7%
Q3 25
6.8%
57.3%
Q2 25
23.2%
Q1 25
13.7%
Q4 24
29.4%
Q3 24
48.0%
Q2 24
32.0%
Q1 24
19.9%
Cash Conversion
ALH
ALH
MDU
MDU
Q4 25
1.06×
Q3 25
3.55×
3.16×
Q2 25
8.52×
Q1 25
2.65×
Q4 24
1.10×
Q3 24
2.17×
Q2 24
2.26×
Q1 24
1.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALH
ALH

Equipment Product Or Service$275.7M63%
Other$106.8M24%
Service Parts$33.1M8%
Equipment Financing$12.6M3%

MDU
MDU

Natural Gas Distribution$382.8M73%
Commercial Utility Sales$42.7M8%
Residential Utility Sales$33.7M6%
Pipelineand Midstream$31.1M6%
Natural Gas Transportation$17.2M3%
Industrial Utility Sales$10.1M2%
Natural Gas Storage$6.4M1%
Other Utility Sales$1.9M0%

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