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Side-by-side financial comparison of BXP, Inc. (BXP) 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 $872.1M, roughly 1.1× BXP, Inc.). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs 15.3%, a 0.7% gap on every dollar of revenue. On growth, MUELLER INDUSTRIES INC posted the faster year-over-year revenue change (4.2% vs 0.8%). Over the past eight quarters, MUELLER INDUSTRIES INC's revenue compounded faster (6.4% CAGR vs 1.3%).

BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.

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.

BXP vs MLI — Head-to-Head

Bigger by revenue
MLI
MLI
1.1× larger
MLI
$962.4M
$872.1M
BXP
Growing faster (revenue YoY)
MLI
MLI
+3.4% gap
MLI
4.2%
0.8%
BXP
Higher net margin
MLI
MLI
0.7% more per $
MLI
16.0%
15.3%
BXP
Faster 2-yr revenue CAGR
MLI
MLI
Annualised
MLI
6.4%
1.3%
BXP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BXP
BXP
MLI
MLI
Revenue
$872.1M
$962.4M
Net Profit
$133.0M
$153.7M
Gross Margin
Operating Margin
17.9%
Net Margin
15.3%
16.0%
Revenue YoY
0.8%
4.2%
Net Profit YoY
53.0%
11.7%
EPS (diluted)
$1.69
$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
BXP
BXP
MLI
MLI
Q1 26
$872.1M
Q4 25
$877.1M
$962.4M
Q3 25
$871.5M
$1.1B
Q2 25
$868.5M
$1.1B
Q1 25
$865.2M
$1.0B
Q4 24
$858.6M
$923.5M
Q3 24
$859.2M
$997.8M
Q2 24
$850.5M
$997.7M
Net Profit
BXP
BXP
MLI
MLI
Q1 26
$133.0M
Q4 25
$248.4M
$153.7M
Q3 25
$-121.7M
$208.1M
Q2 25
$89.0M
$245.9M
Q1 25
$61.2M
$157.4M
Q4 24
$-228.9M
$137.7M
Q3 24
$83.6M
$168.7M
Q2 24
$79.6M
$160.2M
Gross Margin
BXP
BXP
MLI
MLI
Q1 26
Q4 25
58.8%
Q3 25
59.3%
Q2 25
59.2%
Q1 25
59.2%
Q4 24
59.7%
Q3 24
59.5%
27.6%
Q2 24
59.8%
27.3%
Operating Margin
BXP
BXP
MLI
MLI
Q1 26
Q4 25
17.9%
Q3 25
25.6%
Q2 25
26.7%
Q1 25
20.6%
Q4 24
18.4%
Q3 24
20.7%
Q2 24
21.0%
Net Margin
BXP
BXP
MLI
MLI
Q1 26
15.3%
Q4 25
28.3%
16.0%
Q3 25
-14.0%
19.3%
Q2 25
10.2%
21.6%
Q1 25
7.1%
15.7%
Q4 24
-26.7%
14.9%
Q3 24
9.7%
16.9%
Q2 24
9.4%
16.1%
EPS (diluted)
BXP
BXP
MLI
MLI
Q1 26
$1.69
Q4 25
$1.56
$1.37
Q3 25
$-0.77
$1.88
Q2 25
$0.56
$2.22
Q1 25
$0.39
$1.39
Q4 24
$-1.46
$1.21
Q3 24
$0.53
$1.48
Q2 24
$0.51
$1.41

Balance Sheet & Financial Strength

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

Metric
BXP
BXP
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$512.8M
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$7.7B
$3.2B
Total Assets
$25.1B
$3.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BXP
BXP
MLI
MLI
Q1 26
$512.8M
Q4 25
$1.5B
$1.4B
Q3 25
$861.1M
$1.3B
Q2 25
$447.0M
$1.1B
Q1 25
$398.1M
$873.6M
Q4 24
$1.3B
$1.1B
Q3 24
$1.4B
$969.6M
Q2 24
$685.4M
$825.7M
Stockholders' Equity
BXP
BXP
MLI
MLI
Q1 26
$7.7B
Q4 25
$5.1B
$3.2B
Q3 25
$5.0B
$3.1B
Q2 25
$5.3B
$2.9B
Q1 25
$5.3B
$2.7B
Q4 24
$5.4B
$2.8B
Q3 24
$5.8B
$2.7B
Q2 24
$5.8B
$2.5B
Total Assets
BXP
BXP
MLI
MLI
Q1 26
$25.1B
Q4 25
$26.2B
$3.7B
Q3 25
$26.0B
$3.7B
Q2 25
$25.6B
$3.5B
Q1 25
$25.4B
$3.2B
Q4 24
$26.1B
$3.3B
Q3 24
$26.4B
$3.2B
Q2 24
$25.5B
$3.1B

Cash Flow & Capital Efficiency

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

Metric
BXP
BXP
MLI
MLI
Operating Cash FlowLast quarter
$141.2M
Free Cash FlowOCF − Capex
$121.4M
FCF MarginFCF / Revenue
12.6%
Capex IntensityCapex / Revenue
1.5%
2.1%
Cash ConversionOCF / Net Profit
0.92×
TTM Free Cash FlowTrailing 4 quarters
$686.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BXP
BXP
MLI
MLI
Q1 26
Q4 25
$407.8M
$141.2M
Q3 25
$274.2M
$310.1M
Q2 25
$353.1M
$190.6M
Q1 25
$210.0M
$113.6M
Q4 24
$383.7M
$140.1M
Q3 24
$286.1M
$231.4M
Q2 24
$367.1M
$100.8M
Free Cash Flow
BXP
BXP
MLI
MLI
Q1 26
Q4 25
$362.7M
$121.4M
Q3 25
$231.6M
$291.8M
Q2 25
$281.5M
$176.5M
Q1 25
$152.6M
$97.0M
Q4 24
$312.5M
$111.2M
Q3 24
$234.5M
$205.7M
Q2 24
$332.4M
$91.6M
FCF Margin
BXP
BXP
MLI
MLI
Q1 26
Q4 25
41.4%
12.6%
Q3 25
26.6%
27.1%
Q2 25
32.4%
15.5%
Q1 25
17.6%
9.7%
Q4 24
36.4%
12.0%
Q3 24
27.3%
20.6%
Q2 24
39.1%
9.2%
Capex Intensity
BXP
BXP
MLI
MLI
Q1 26
1.5%
Q4 25
5.1%
2.1%
Q3 25
4.9%
1.7%
Q2 25
8.2%
1.2%
Q1 25
6.6%
1.7%
Q4 24
8.3%
3.1%
Q3 24
6.0%
2.6%
Q2 24
4.1%
0.9%
Cash Conversion
BXP
BXP
MLI
MLI
Q1 26
Q4 25
1.64×
0.92×
Q3 25
1.49×
Q2 25
3.97×
0.78×
Q1 25
3.43×
0.72×
Q4 24
1.02×
Q3 24
3.42×
1.37×
Q2 24
4.61×
0.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BXP
BXP

Lease$818.2M94%
Parking and other$30.8M4%
Development and management services$9.2M1%

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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