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Side-by-side financial comparison of BOX INC (BOX) 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 $301.1M, roughly 1.7× BOX INC). MDU RESOURCES GROUP INC runs the higher net margin — 14.6% vs 4.0%, a 10.6% gap on every dollar of revenue. On growth, BOX INC posted the faster year-over-year revenue change (9.1% vs -1.6%). BOX INC produced more free cash flow last quarter ($71.3M vs $-336.0M). Over the past eight quarters, BOX INC's revenue compounded faster (7.0% CAGR vs -5.7%).

Box, Inc. is an American public company based in Redwood City, California. It develops and markets cloud-based content management, collaboration, and file sharing tools for businesses. Box was founded in 2005 by Aaron Levie and Dylan Smith. Initially, it focused on consumers, but around 2009 and 2010 Box pivoted to focus on business users. The company raised about $500 million over numerous funding rounds before going public in 2015. Its software allows users to store and manage files in an o...

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.

BOX vs MDU — Head-to-Head

Bigger by revenue
MDU
MDU
1.7× larger
MDU
$522.6M
$301.1M
BOX
Growing faster (revenue YoY)
BOX
BOX
+10.7% gap
BOX
9.1%
-1.6%
MDU
Higher net margin
MDU
MDU
10.6% more per $
MDU
14.6%
4.0%
BOX
More free cash flow
BOX
BOX
$407.3M more FCF
BOX
$71.3M
$-336.0M
MDU
Faster 2-yr revenue CAGR
BOX
BOX
Annualised
BOX
7.0%
-5.7%
MDU

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
BOX
BOX
MDU
MDU
Revenue
$301.1M
$522.6M
Net Profit
$12.1M
$76.3M
Gross Margin
79.6%
Operating Margin
8.3%
20.5%
Net Margin
4.0%
14.6%
Revenue YoY
9.1%
-1.6%
Net Profit YoY
-6.4%
38.4%
EPS (diluted)
$0.05
$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
BOX
BOX
MDU
MDU
Q4 25
$301.1M
$522.6M
Q3 25
$294.0M
$313.6M
Q2 25
$276.3M
$348.7M
Q1 25
$279.5M
$678.0M
Q4 24
$275.9M
$531.0M
Q3 24
$270.0M
$290.7M
Q2 24
$264.7M
$343.1M
Q1 24
$262.9M
$588.2M
Net Profit
BOX
BOX
MDU
MDU
Q4 25
$12.1M
$76.3M
Q3 25
$13.4M
$18.3M
Q2 25
$8.2M
$13.8M
Q1 25
$194.0M
$82.0M
Q4 24
$12.9M
$55.2M
Q3 24
$20.5M
$64.6M
Q2 24
$17.2M
$60.4M
Q1 24
$99.2M
$100.9M
Gross Margin
BOX
BOX
MDU
MDU
Q4 25
79.6%
Q3 25
79.1%
Q2 25
78.0%
Q1 25
79.0%
Q4 24
79.9%
Q3 24
79.4%
Q2 24
78.0%
Q1 24
76.1%
Operating Margin
BOX
BOX
MDU
MDU
Q4 25
8.3%
20.5%
Q3 25
7.0%
12.7%
Q2 25
2.3%
8.7%
Q1 25
6.4%
16.6%
Q4 24
8.5%
17.8%
Q3 24
7.5%
12.0%
Q2 24
6.8%
11.5%
Q1 24
8.1%
16.4%
Net Margin
BOX
BOX
MDU
MDU
Q4 25
4.0%
14.6%
Q3 25
4.6%
5.8%
Q2 25
3.0%
4.0%
Q1 25
69.4%
12.1%
Q4 24
4.7%
10.4%
Q3 24
7.6%
22.2%
Q2 24
6.5%
17.6%
Q1 24
37.7%
17.2%
EPS (diluted)
BOX
BOX
MDU
MDU
Q4 25
$0.05
$0.37
Q3 25
$0.05
$0.09
Q2 25
$0.02
$0.07
Q1 25
$1.13
$0.40
Q4 24
$0.05
$0.26
Q3 24
$0.10
$0.32
Q2 24
$0.08
$0.30
Q1 24
$0.57
$0.49

Balance Sheet & Financial Strength

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

Metric
BOX
BOX
MDU
MDU
Cash + ST InvestmentsLiquidity on hand
$729.6M
$28.2M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$-286.6M
$2.8B
Total Assets
$1.6B
$7.6B
Debt / EquityLower = less leverage
0.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOX
BOX
MDU
MDU
Q4 25
$729.6M
$28.2M
Q3 25
$757.9M
$75.9M
Q2 25
$790.4M
$58.8M
Q1 25
$722.8M
$59.5M
Q4 24
$697.9M
$66.9M
Q3 24
$482.2M
$88.3M
Q2 24
$566.1M
$78.8M
Q1 24
$480.7M
$72.7M
Total Debt
BOX
BOX
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
BOX
BOX
MDU
MDU
Q4 25
$-286.6M
$2.8B
Q3 25
$-269.4M
$2.7B
Q2 25
$-280.1M
$2.7B
Q1 25
$-297.0M
$2.7B
Q4 24
$-479.9M
$2.7B
Q3 24
$-439.4M
$3.1B
Q2 24
$-397.9M
$3.0B
Q1 24
$-431.1M
$3.0B
Total Assets
BOX
BOX
MDU
MDU
Q4 25
$1.6B
$7.6B
Q3 25
$1.6B
$7.2B
Q2 25
$1.6B
$6.9B
Q1 25
$1.7B
$7.0B
Q4 24
$1.4B
$7.0B
Q3 24
$1.1B
$8.2B
Q2 24
$1.2B
$8.0B
Q1 24
$1.2B
$7.8B
Debt / Equity
BOX
BOX
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
BOX
BOX
MDU
MDU
Operating Cash FlowLast quarter
$73.0M
$80.6M
Free Cash FlowOCF − Capex
$71.3M
$-336.0M
FCF MarginFCF / Revenue
23.7%
-64.3%
Capex IntensityCapex / Revenue
0.6%
79.7%
Cash ConversionOCF / Net Profit
6.05×
1.06×
TTM Free Cash FlowTrailing 4 quarters
$343.5M
$-297.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOX
BOX
MDU
MDU
Q4 25
$73.0M
$80.6M
Q3 25
$46.0M
$57.9M
Q2 25
$127.1M
$117.4M
Q1 25
$102.2M
$217.5M
Q4 24
$62.6M
$60.5M
Q3 24
$36.3M
$140.2M
Q2 24
$131.2M
$136.5M
Q1 24
$89.3M
$165.1M
Free Cash Flow
BOX
BOX
MDU
MDU
Q4 25
$71.3M
$-336.0M
Q3 25
$43.9M
$-121.9M
Q2 25
$126.7M
$36.5M
Q1 25
$101.5M
$124.4M
Q4 24
$62.3M
$-95.8M
Q3 24
$35.9M
$673.0K
Q2 24
$129.9M
$26.5M
Q1 24
$89.1M
$48.1M
FCF Margin
BOX
BOX
MDU
MDU
Q4 25
23.7%
-64.3%
Q3 25
14.9%
-38.9%
Q2 25
45.9%
10.5%
Q1 25
36.3%
18.4%
Q4 24
22.6%
-18.0%
Q3 24
13.3%
0.2%
Q2 24
49.1%
7.7%
Q1 24
33.9%
8.2%
Capex Intensity
BOX
BOX
MDU
MDU
Q4 25
0.6%
79.7%
Q3 25
0.7%
57.3%
Q2 25
0.1%
23.2%
Q1 25
0.2%
13.7%
Q4 24
0.1%
29.4%
Q3 24
0.1%
48.0%
Q2 24
0.5%
32.0%
Q1 24
0.1%
19.9%
Cash Conversion
BOX
BOX
MDU
MDU
Q4 25
6.05×
1.06×
Q3 25
3.42×
3.16×
Q2 25
15.51×
8.52×
Q1 25
0.53×
2.65×
Q4 24
4.85×
1.10×
Q3 24
1.77×
2.17×
Q2 24
7.62×
2.26×
Q1 24
0.90×
1.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BOX
BOX

Segment breakdown not available.

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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