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Side-by-side financial comparison of BGC Group, Inc. (BGC) 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 $638.6M, roughly 1.5× BGC Group, Inc.). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs 2.3%, a 13.7% gap on every dollar of revenue. On growth, BGC Group, Inc. posted the faster year-over-year revenue change (34.4% vs 4.2%). BGC Group, Inc. produced more free cash flow last quarter ($175.1M vs $121.4M). Over the past eight quarters, BGC Group, Inc.'s revenue compounded faster (18.7% CAGR vs 6.4%).

BGC Group, Inc. is an American global financial services company based in New York City and London. Originally formed as part of the larger Cantor Fitzgerald organization, BGC Partners became its own entity in 2004.

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.

BGC vs MLI — Head-to-Head

Bigger by revenue
MLI
MLI
1.5× larger
MLI
$962.4M
$638.6M
BGC
Growing faster (revenue YoY)
BGC
BGC
+30.2% gap
BGC
34.4%
4.2%
MLI
Higher net margin
MLI
MLI
13.7% more per $
MLI
16.0%
2.3%
BGC
More free cash flow
BGC
BGC
$53.7M more FCF
BGC
$175.1M
$121.4M
MLI
Faster 2-yr revenue CAGR
BGC
BGC
Annualised
BGC
18.7%
6.4%
MLI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BGC
BGC
MLI
MLI
Revenue
$638.6M
$962.4M
Net Profit
$14.4M
$153.7M
Gross Margin
Operating Margin
3.9%
17.9%
Net Margin
2.3%
16.0%
Revenue YoY
34.4%
4.2%
Net Profit YoY
-43.0%
11.7%
EPS (diluted)
$0.03
$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
BGC
BGC
MLI
MLI
Q4 25
$638.6M
$962.4M
Q3 25
$620.8M
$1.1B
Q2 25
$648.0M
$1.1B
Q1 25
$534.6M
$1.0B
Q4 24
$475.2M
$923.5M
Q3 24
$448.9M
$997.8M
Q2 24
$435.0M
$997.7M
Q1 24
$453.6M
$849.7M
Net Profit
BGC
BGC
MLI
MLI
Q4 25
$14.4M
$153.7M
Q3 25
$27.9M
$208.1M
Q2 25
$57.5M
$245.9M
Q1 25
$55.2M
$157.4M
Q4 24
$25.2M
$137.7M
Q3 24
$14.7M
$168.7M
Q2 24
$37.8M
$160.2M
Q1 24
$49.2M
$138.4M
Gross Margin
BGC
BGC
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
BGC
BGC
MLI
MLI
Q4 25
3.9%
17.9%
Q3 25
5.4%
25.6%
Q2 25
11.6%
26.7%
Q1 25
15.0%
20.6%
Q4 24
5.7%
18.4%
Q3 24
4.4%
20.7%
Q2 24
12.7%
21.0%
Q1 24
15.7%
21.6%
Net Margin
BGC
BGC
MLI
MLI
Q4 25
2.3%
16.0%
Q3 25
4.5%
19.3%
Q2 25
8.9%
21.6%
Q1 25
10.3%
15.7%
Q4 24
5.3%
14.9%
Q3 24
3.3%
16.9%
Q2 24
8.7%
16.1%
Q1 24
10.8%
16.3%
EPS (diluted)
BGC
BGC
MLI
MLI
Q4 25
$0.03
$1.37
Q3 25
$0.06
$1.88
Q2 25
$0.11
$2.22
Q1 25
$0.11
$1.39
Q4 24
$0.04
$1.21
Q3 24
$0.03
$1.48
Q2 24
$0.08
$1.41
Q1 24
$0.10
$1.21

Balance Sheet & Financial Strength

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

Metric
BGC
BGC
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$851.5M
$1.4B
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$972.5M
$3.2B
Total Assets
$4.4B
$3.7B
Debt / EquityLower = less leverage
1.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BGC
BGC
MLI
MLI
Q4 25
$851.5M
$1.4B
Q3 25
$774.9M
$1.3B
Q2 25
$827.8M
$1.1B
Q1 25
$966.4M
$873.6M
Q4 24
$711.6M
$1.1B
Q3 24
$563.5M
$969.6M
Q2 24
$571.7M
$825.7M
Q1 24
$566.8M
$1.4B
Total Debt
BGC
BGC
MLI
MLI
Q4 25
$1.5B
Q3 25
$1.8B
Q2 25
$1.8B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$945.0M
Stockholders' Equity
BGC
BGC
MLI
MLI
Q4 25
$972.5M
$3.2B
Q3 25
$965.3M
$3.1B
Q2 25
$930.5M
$2.9B
Q1 25
$963.8M
$2.7B
Q4 24
$898.5M
$2.8B
Q3 24
$860.1M
$2.7B
Q2 24
$858.1M
$2.5B
Q1 24
$912.1M
$2.4B
Total Assets
BGC
BGC
MLI
MLI
Q4 25
$4.4B
$3.7B
Q3 25
$5.8B
$3.7B
Q2 25
$4.9B
$3.5B
Q1 25
$4.9B
$3.2B
Q4 24
$3.6B
$3.3B
Q3 24
$4.4B
$3.2B
Q2 24
$4.3B
$3.1B
Q1 24
$4.4B
$2.9B
Debt / Equity
BGC
BGC
MLI
MLI
Q4 25
1.58×
Q3 25
1.90×
Q2 25
1.97×
Q1 25
1.19×
Q4 24
1.27×
Q3 24
1.68×
Q2 24
1.68×
Q1 24
1.04×

Cash Flow & Capital Efficiency

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

Metric
BGC
BGC
MLI
MLI
Operating Cash FlowLast quarter
$180.4M
$141.2M
Free Cash FlowOCF − Capex
$175.1M
$121.4M
FCF MarginFCF / Revenue
27.4%
12.6%
Capex IntensityCapex / Revenue
0.8%
2.1%
Cash ConversionOCF / Net Profit
12.55×
0.92×
TTM Free Cash FlowTrailing 4 quarters
$372.9M
$686.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BGC
BGC
MLI
MLI
Q4 25
$180.4M
$141.2M
Q3 25
$141.9M
$310.1M
Q2 25
$71.2M
$190.6M
Q1 25
$839.0K
$113.6M
Q4 24
$251.9M
$140.1M
Q3 24
$88.3M
$231.4M
Q2 24
$-53.0M
$100.8M
Q1 24
$28.1M
$173.6M
Free Cash Flow
BGC
BGC
MLI
MLI
Q4 25
$175.1M
$121.4M
Q3 25
$137.2M
$291.8M
Q2 25
$65.0M
$176.5M
Q1 25
$-4.4M
$97.0M
Q4 24
$245.6M
$111.2M
Q3 24
$78.8M
$205.7M
Q2 24
$-63.5M
$91.6M
Q1 24
$24.9M
$157.2M
FCF Margin
BGC
BGC
MLI
MLI
Q4 25
27.4%
12.6%
Q3 25
22.1%
27.1%
Q2 25
10.0%
15.5%
Q1 25
-0.8%
9.7%
Q4 24
51.7%
12.0%
Q3 24
17.5%
20.6%
Q2 24
-14.6%
9.2%
Q1 24
5.5%
18.5%
Capex Intensity
BGC
BGC
MLI
MLI
Q4 25
0.8%
2.1%
Q3 25
0.8%
1.7%
Q2 25
1.0%
1.2%
Q1 25
1.0%
1.7%
Q4 24
1.3%
3.1%
Q3 24
2.1%
2.6%
Q2 24
2.4%
0.9%
Q1 24
0.7%
1.9%
Cash Conversion
BGC
BGC
MLI
MLI
Q4 25
12.55×
0.92×
Q3 25
5.09×
1.49×
Q2 25
1.24×
0.78×
Q1 25
0.02×
0.72×
Q4 24
9.99×
1.02×
Q3 24
5.99×
1.37×
Q2 24
-1.40×
0.63×
Q1 24
0.57×
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BGC
BGC

Commissions$590.2M92%
Data Software And Post Trade$36.7M6%
Fees From Related Parties$4.6M1%

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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