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Side-by-side financial comparison of Avery Dennison (AVY) and MUELLER INDUSTRIES INC (MLI). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $962.4M, roughly 2.4× MUELLER INDUSTRIES INC). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs 7.3%, a 8.6% gap on every dollar of revenue. On growth, MUELLER INDUSTRIES INC posted the faster year-over-year revenue change (4.2% vs 3.9%). Avery Dennison produced more free cash flow last quarter ($309.7M vs $121.4M). Over the past eight quarters, MUELLER INDUSTRIES INC's revenue compounded faster (6.4% CAGR vs 2.7%).
Avery Dennison Corporation is an American multinational manufacturer and distributor of pressure-sensitive adhesive materials, apparel branding labels and tags, RFID inlays, and specialty medical products. The company is a member of the Fortune 500 and is headquartered in Mentor, Ohio.
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.
AVY vs MLI — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $962.4M |
| Net Profit | $166.4M | $153.7M |
| Gross Margin | 28.7% | — |
| Operating Margin | 9.1% | 17.9% |
| Net Margin | 7.3% | 16.0% |
| Revenue YoY | 3.9% | 4.2% |
| Net Profit YoY | -4.4% | 11.7% |
| EPS (diluted) | $2.16 | $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.
| Q4 25 | $2.3B | $962.4M | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.1B | $1.0B | ||
| Q4 24 | $2.2B | $923.5M | ||
| Q3 24 | $2.2B | $997.8M | ||
| Q2 24 | $2.2B | $997.7M | ||
| Q1 24 | $2.2B | $849.7M |
| Q4 25 | $166.4M | $153.7M | ||
| Q3 25 | $166.3M | $208.1M | ||
| Q2 25 | $189.0M | $245.9M | ||
| Q1 25 | $166.3M | $157.4M | ||
| Q4 24 | $174.0M | $137.7M | ||
| Q3 24 | $181.7M | $168.7M | ||
| Q2 24 | $176.8M | $160.2M | ||
| Q1 24 | $172.4M | $138.4M |
| Q4 25 | 28.7% | — | ||
| Q3 25 | 28.7% | — | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | 27.9% | — | ||
| Q3 24 | 28.7% | 27.6% | ||
| Q2 24 | 29.6% | 27.3% | ||
| Q1 24 | 29.4% | 28.4% |
| Q4 25 | 9.1% | 17.9% | ||
| Q3 25 | 10.6% | 25.6% | ||
| Q2 25 | 11.5% | 26.7% | ||
| Q1 25 | 10.6% | 20.6% | ||
| Q4 24 | 11.0% | 18.4% | ||
| Q3 24 | 11.0% | 20.7% | ||
| Q2 24 | 10.7% | 21.0% | ||
| Q1 24 | 10.9% | 21.6% |
| Q4 25 | 7.3% | 16.0% | ||
| Q3 25 | 7.5% | 19.3% | ||
| Q2 25 | 8.5% | 21.6% | ||
| Q1 25 | 7.7% | 15.7% | ||
| Q4 24 | 8.0% | 14.9% | ||
| Q3 24 | 8.3% | 16.9% | ||
| Q2 24 | 7.9% | 16.1% | ||
| Q1 24 | 8.0% | 16.3% |
| Q4 25 | $2.16 | $1.37 | ||
| Q3 25 | $2.13 | $1.88 | ||
| Q2 25 | $2.41 | $2.22 | ||
| Q1 25 | $2.09 | $1.39 | ||
| Q4 24 | $2.17 | $1.21 | ||
| Q3 24 | $2.25 | $1.48 | ||
| Q2 24 | $2.18 | $1.41 | ||
| Q1 24 | $2.13 | $1.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $202.8M | $1.4B |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $2.2B | $3.2B |
| Total Assets | $8.8B | $3.7B |
| Debt / EquityLower = less leverage | 1.43× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $202.8M | $1.4B | ||
| Q3 25 | $536.3M | $1.3B | ||
| Q2 25 | $215.9M | $1.1B | ||
| Q1 25 | $195.9M | $873.6M | ||
| Q4 24 | $329.1M | $1.1B | ||
| Q3 24 | $212.7M | $969.6M | ||
| Q2 24 | $208.8M | $825.7M | ||
| Q1 24 | $185.7M | $1.4B |
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.1B | — |
| Q4 25 | $2.2B | $3.2B | ||
| Q3 25 | $2.2B | $3.1B | ||
| Q2 25 | $2.2B | $2.9B | ||
| Q1 25 | $2.2B | $2.7B | ||
| Q4 24 | $2.3B | $2.8B | ||
| Q3 24 | $2.4B | $2.7B | ||
| Q2 24 | $2.3B | $2.5B | ||
| Q1 24 | $2.2B | $2.4B |
| Q4 25 | $8.8B | $3.7B | ||
| Q3 25 | $8.9B | $3.7B | ||
| Q2 25 | $8.6B | $3.5B | ||
| Q1 25 | $8.4B | $3.2B | ||
| Q4 24 | $8.4B | $3.3B | ||
| Q3 24 | $8.5B | $3.2B | ||
| Q2 24 | $8.3B | $3.1B | ||
| Q1 24 | $8.3B | $2.9B |
| Q4 25 | 1.43× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | 0.89× | — | ||
| Q1 24 | 0.94× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $376.8M | $141.2M |
| Free Cash FlowOCF − Capex | $309.7M | $121.4M |
| FCF MarginFCF / Revenue | 13.6% | 12.6% |
| Capex IntensityCapex / Revenue | 3.0% | 2.1% |
| Cash ConversionOCF / Net Profit | 2.26× | 0.92× |
| TTM Free Cash FlowTrailing 4 quarters | $712.4M | $686.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $376.8M | $141.2M | ||
| Q3 25 | $312.1M | $310.1M | ||
| Q2 25 | $208.8M | $190.6M | ||
| Q1 25 | $-16.3M | $113.6M | ||
| Q4 24 | $351.2M | $140.1M | ||
| Q3 24 | $270.1M | $231.4M | ||
| Q2 24 | $197.7M | $100.8M | ||
| Q1 24 | $119.8M | $173.6M |
| Q4 25 | $309.7M | $121.4M | ||
| Q3 25 | $276.2M | $291.8M | ||
| Q2 25 | $178.8M | $176.5M | ||
| Q1 25 | $-52.3M | $97.0M | ||
| Q4 24 | $281.7M | $111.2M | ||
| Q3 24 | $227.1M | $205.7M | ||
| Q2 24 | $150.2M | $91.6M | ||
| Q1 24 | $71.0M | $157.2M |
| Q4 25 | 13.6% | 12.6% | ||
| Q3 25 | 12.5% | 27.1% | ||
| Q2 25 | 8.1% | 15.5% | ||
| Q1 25 | -2.4% | 9.7% | ||
| Q4 24 | 12.9% | 12.0% | ||
| Q3 24 | 10.4% | 20.6% | ||
| Q2 24 | 6.7% | 9.2% | ||
| Q1 24 | 3.3% | 18.5% |
| Q4 25 | 3.0% | 2.1% | ||
| Q3 25 | 1.6% | 1.7% | ||
| Q2 25 | 1.4% | 1.2% | ||
| Q1 25 | 1.7% | 1.7% | ||
| Q4 24 | 3.2% | 3.1% | ||
| Q3 24 | 2.0% | 2.6% | ||
| Q2 24 | 2.1% | 0.9% | ||
| Q1 24 | 2.3% | 1.9% |
| Q4 25 | 2.26× | 0.92× | ||
| Q3 25 | 1.88× | 1.49× | ||
| Q2 25 | 1.10× | 0.78× | ||
| Q1 25 | -0.10× | 0.72× | ||
| Q4 24 | 2.02× | 1.02× | ||
| Q3 24 | 1.49× | 1.37× | ||
| Q2 24 | 1.12× | 0.63× | ||
| Q1 24 | 0.69× | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVY
| Other | $1.1B | 47% |
| Materials Group Segment | $475.0M | 21% |
| Apparel And Other | $460.8M | 20% |
| Identification Solutions And Vestcom | $263.4M | 12% |
MLI
| Tube And Fittings | $484.6M | 50% |
| Industrial Metals | $252.2M | 26% |
| Valves And Plumbing Specialties | $122.5M | 13% |
| Flex Duct And Other HVAC Components | $80.8M | 8% |
| Other Products | $14.9M | 2% |
