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

MUELLER INDUSTRIES INC is the larger business by last-quarter revenue ($962.4M vs $748.2M, roughly 1.3× AMN HEALTHCARE SERVICES INC). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs -1.0%, a 17.0% gap on every dollar of revenue. On growth, MUELLER INDUSTRIES INC posted the faster year-over-year revenue change (4.2% vs 1.8%). MUELLER INDUSTRIES INC produced more free cash flow last quarter ($121.4M vs $67.6M). Over the past eight quarters, MUELLER INDUSTRIES INC's revenue compounded faster (6.4% CAGR vs -4.5%).

AMN Healthcare Services Inc. is a leading US healthcare sector workforce solutions and staffing provider. It offers temporary and permanent placement for nurses, physicians, allied health and other clinical/non-clinical staff, plus workforce management tools and consulting for hospitals, clinics and other medical facilities.

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.

AMN vs MLI — Head-to-Head

Bigger by revenue
MLI
MLI
1.3× larger
MLI
$962.4M
$748.2M
AMN
Growing faster (revenue YoY)
MLI
MLI
+2.4% gap
MLI
4.2%
1.8%
AMN
Higher net margin
MLI
MLI
17.0% more per $
MLI
16.0%
-1.0%
AMN
More free cash flow
MLI
MLI
$53.8M more FCF
MLI
$121.4M
$67.6M
AMN
Faster 2-yr revenue CAGR
MLI
MLI
Annualised
MLI
6.4%
-4.5%
AMN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMN
AMN
MLI
MLI
Revenue
$748.2M
$962.4M
Net Profit
$-7.7M
$153.7M
Gross Margin
26.1%
Operating Margin
1.1%
17.9%
Net Margin
-1.0%
16.0%
Revenue YoY
1.8%
4.2%
Net Profit YoY
95.9%
11.7%
EPS (diluted)
$-0.19
$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
AMN
AMN
MLI
MLI
Q4 25
$748.2M
$962.4M
Q3 25
$634.5M
$1.1B
Q2 25
$658.2M
$1.1B
Q1 25
$689.5M
$1.0B
Q4 24
$734.7M
$923.5M
Q3 24
$687.5M
$997.8M
Q2 24
$740.7M
$997.7M
Q1 24
$820.9M
$849.7M
Net Profit
AMN
AMN
MLI
MLI
Q4 25
$-7.7M
$153.7M
Q3 25
$29.3M
$208.1M
Q2 25
$-116.2M
$245.9M
Q1 25
$-1.1M
$157.4M
Q4 24
$-187.5M
$137.7M
Q3 24
$7.0M
$168.7M
Q2 24
$16.2M
$160.2M
Q1 24
$17.3M
$138.4M
Gross Margin
AMN
AMN
MLI
MLI
Q4 25
26.1%
Q3 25
29.1%
Q2 25
29.8%
Q1 25
28.7%
Q4 24
29.8%
Q3 24
31.0%
27.6%
Q2 24
31.0%
27.3%
Q1 24
31.4%
28.4%
Operating Margin
AMN
AMN
MLI
MLI
Q4 25
1.1%
17.9%
Q3 25
7.5%
25.6%
Q2 25
-18.8%
26.7%
Q1 25
1.8%
20.6%
Q4 24
-27.6%
18.4%
Q3 24
3.2%
20.7%
Q2 24
5.1%
21.0%
Q1 24
4.9%
21.6%
Net Margin
AMN
AMN
MLI
MLI
Q4 25
-1.0%
16.0%
Q3 25
4.6%
19.3%
Q2 25
-17.7%
21.6%
Q1 25
-0.2%
15.7%
Q4 24
-25.5%
14.9%
Q3 24
1.0%
16.9%
Q2 24
2.2%
16.1%
Q1 24
2.1%
16.3%
EPS (diluted)
AMN
AMN
MLI
MLI
Q4 25
$-0.19
$1.37
Q3 25
$0.76
$1.88
Q2 25
$-3.02
$2.22
Q1 25
$-0.03
$1.39
Q4 24
$-4.90
$1.21
Q3 24
$0.18
$1.48
Q2 24
$0.42
$1.41
Q1 24
$0.45
$1.21

Balance Sheet & Financial Strength

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

Metric
AMN
AMN
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$34.0M
$1.4B
Total DebtLower is stronger
$767.1M
Stockholders' EquityBook value
$642.1M
$3.2B
Total Assets
$2.1B
$3.7B
Debt / EquityLower = less leverage
1.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMN
AMN
MLI
MLI
Q4 25
$34.0M
$1.4B
Q3 25
$52.6M
$1.3B
Q2 25
$41.5M
$1.1B
Q1 25
$55.8M
$873.6M
Q4 24
$10.6M
$1.1B
Q3 24
$30.6M
$969.6M
Q2 24
$48.0M
$825.7M
Q1 24
$50.6M
$1.4B
Total Debt
AMN
AMN
MLI
MLI
Q4 25
$767.1M
Q3 25
Q2 25
Q1 25
Q4 24
$1.1B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AMN
AMN
MLI
MLI
Q4 25
$642.1M
$3.2B
Q3 25
$644.4M
$3.1B
Q2 25
$607.6M
$2.9B
Q1 25
$715.1M
$2.7B
Q4 24
$706.6M
$2.8B
Q3 24
$890.7M
$2.7B
Q2 24
$876.9M
$2.5B
Q1 24
$854.2M
$2.4B
Total Assets
AMN
AMN
MLI
MLI
Q4 25
$2.1B
$3.7B
Q3 25
$2.1B
$3.7B
Q2 25
$2.2B
$3.5B
Q1 25
$2.4B
$3.2B
Q4 24
$2.4B
$3.3B
Q3 24
$2.7B
$3.2B
Q2 24
$2.8B
$3.1B
Q1 24
$2.9B
$2.9B
Debt / Equity
AMN
AMN
MLI
MLI
Q4 25
1.19×
Q3 25
Q2 25
Q1 25
Q4 24
1.49×
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
AMN
AMN
MLI
MLI
Operating Cash FlowLast quarter
$75.6M
$141.2M
Free Cash FlowOCF − Capex
$67.6M
$121.4M
FCF MarginFCF / Revenue
9.0%
12.6%
Capex IntensityCapex / Revenue
1.1%
2.1%
Cash ConversionOCF / Net Profit
0.92×
TTM Free Cash FlowTrailing 4 quarters
$233.8M
$686.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMN
AMN
MLI
MLI
Q4 25
$75.6M
$141.2M
Q3 25
$22.7M
$310.1M
Q2 25
$78.5M
$190.6M
Q1 25
$92.7M
$113.6M
Q4 24
$72.8M
$140.1M
Q3 24
$66.7M
$231.4M
Q2 24
$99.5M
$100.8M
Q1 24
$81.4M
$173.6M
Free Cash Flow
AMN
AMN
MLI
MLI
Q4 25
$67.6M
$121.4M
Q3 25
$14.8M
$291.8M
Q2 25
$68.7M
$176.5M
Q1 25
$82.7M
$97.0M
Q4 24
$56.6M
$111.2M
Q3 24
$47.4M
$205.7M
Q2 24
$72.2M
$91.6M
Q1 24
$63.2M
$157.2M
FCF Margin
AMN
AMN
MLI
MLI
Q4 25
9.0%
12.6%
Q3 25
2.3%
27.1%
Q2 25
10.4%
15.5%
Q1 25
12.0%
9.7%
Q4 24
7.7%
12.0%
Q3 24
6.9%
20.6%
Q2 24
9.8%
9.2%
Q1 24
7.7%
18.5%
Capex Intensity
AMN
AMN
MLI
MLI
Q4 25
1.1%
2.1%
Q3 25
1.2%
1.7%
Q2 25
1.5%
1.2%
Q1 25
1.4%
1.7%
Q4 24
2.2%
3.1%
Q3 24
2.8%
2.6%
Q2 24
3.7%
0.9%
Q1 24
2.2%
1.9%
Cash Conversion
AMN
AMN
MLI
MLI
Q4 25
0.92×
Q3 25
0.77×
1.49×
Q2 25
0.78×
Q1 25
0.72×
Q4 24
1.02×
Q3 24
9.54×
1.37×
Q2 24
6.13×
0.63×
Q1 24
4.70×
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMN
AMN

Travel Nurse Staffing$208.3M28%
Allied Staffing$146.9M20%
Labor Disruption Services$124.3M17%
Technology And Workforce Solutions$88.0M12%
Language Services$69.9M9%
Other$29.6M4%
International Nurse Staffing$29.6M4%
Interim Leadership Staffing$24.1M3%
Vendor Management Systems$16.3M2%
Local Staffing$8.6M1%
International Nurse Permanent Placement$2.6M0%

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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