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Side-by-side financial comparison of CLOVER HEALTH INVESTMENTS, CORP. (CLOV) 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 $487.7M, roughly 2.0× CLOVER HEALTH INVESTMENTS, CORP.). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs -10.1%, a 26.1% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% vs 4.2%). MUELLER INDUSTRIES INC produced more free cash flow last quarter ($121.4M vs $-69.0M). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (18.6% CAGR vs 6.4%).

Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.

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.

CLOV vs MLI — Head-to-Head

Bigger by revenue
MLI
MLI
2.0× larger
MLI
$962.4M
$487.7M
CLOV
Growing faster (revenue YoY)
CLOV
CLOV
+40.5% gap
CLOV
44.7%
4.2%
MLI
Higher net margin
MLI
MLI
26.1% more per $
MLI
16.0%
-10.1%
CLOV
More free cash flow
MLI
MLI
$190.4M more FCF
MLI
$121.4M
$-69.0M
CLOV
Faster 2-yr revenue CAGR
CLOV
CLOV
Annualised
CLOV
18.6%
6.4%
MLI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLOV
CLOV
MLI
MLI
Revenue
$487.7M
$962.4M
Net Profit
$-49.3M
$153.7M
Gross Margin
Operating Margin
-10.1%
17.9%
Net Margin
-10.1%
16.0%
Revenue YoY
44.7%
4.2%
Net Profit YoY
-123.2%
11.7%
EPS (diluted)
$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
CLOV
CLOV
MLI
MLI
Q4 25
$487.7M
$962.4M
Q3 25
$496.6M
$1.1B
Q2 25
$477.6M
$1.1B
Q1 25
$462.3M
$1.0B
Q4 24
$337.0M
$923.5M
Q3 24
$331.0M
$997.8M
Q2 24
$356.3M
$997.7M
Q1 24
$346.9M
$849.7M
Net Profit
CLOV
CLOV
MLI
MLI
Q4 25
$-49.3M
$153.7M
Q3 25
$-24.4M
$208.1M
Q2 25
$-10.6M
$245.9M
Q1 25
$-1.3M
$157.4M
Q4 24
$-22.1M
$137.7M
Q3 24
$-9.2M
$168.7M
Q2 24
$7.4M
$160.2M
Q1 24
$-19.2M
$138.4M
Gross Margin
CLOV
CLOV
MLI
MLI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
24.5%
27.6%
Q2 24
30.3%
27.3%
Q1 24
23.6%
28.4%
Operating Margin
CLOV
CLOV
MLI
MLI
Q4 25
-10.1%
17.9%
Q3 25
-4.9%
25.6%
Q2 25
-2.2%
26.7%
Q1 25
-0.3%
20.6%
Q4 24
-6.4%
18.4%
Q3 24
-2.7%
20.7%
Q2 24
2.0%
21.0%
Q1 24
-6.5%
21.6%
Net Margin
CLOV
CLOV
MLI
MLI
Q4 25
-10.1%
16.0%
Q3 25
-4.9%
19.3%
Q2 25
-2.2%
21.6%
Q1 25
-0.3%
15.7%
Q4 24
-6.6%
14.9%
Q3 24
-2.8%
16.9%
Q2 24
2.1%
16.1%
Q1 24
-5.5%
16.3%
EPS (diluted)
CLOV
CLOV
MLI
MLI
Q4 25
$1.37
Q3 25
$1.88
Q2 25
$2.22
Q1 25
$1.39
Q4 24
$1.21
Q3 24
$1.48
Q2 24
$1.41
Q1 24
$1.21

Balance Sheet & Financial Strength

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

Metric
CLOV
CLOV
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$78.3M
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$308.7M
$3.2B
Total Assets
$541.0M
$3.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLOV
CLOV
MLI
MLI
Q4 25
$78.3M
$1.4B
Q3 25
$1.3B
Q2 25
$1.1B
Q1 25
$873.6M
Q4 24
$194.5M
$1.1B
Q3 24
$288.0M
$969.6M
Q2 24
$254.8M
$825.7M
Q1 24
$208.3M
$1.4B
Stockholders' Equity
CLOV
CLOV
MLI
MLI
Q4 25
$308.7M
$3.2B
Q3 25
$340.9M
$3.1B
Q2 25
$344.2M
$2.9B
Q1 25
$336.1M
$2.7B
Q4 24
$341.1M
$2.8B
Q3 24
$342.2M
$2.7B
Q2 24
$324.9M
$2.5B
Q1 24
$292.5M
$2.4B
Total Assets
CLOV
CLOV
MLI
MLI
Q4 25
$541.0M
$3.7B
Q3 25
$559.7M
$3.7B
Q2 25
$575.0M
$3.5B
Q1 25
$583.7M
$3.2B
Q4 24
$580.7M
$3.3B
Q3 24
$653.0M
$3.2B
Q2 24
$674.2M
$3.1B
Q1 24
$671.8M
$2.9B

Cash Flow & Capital Efficiency

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

Metric
CLOV
CLOV
MLI
MLI
Operating Cash FlowLast quarter
$-66.9M
$141.2M
Free Cash FlowOCF − Capex
$-69.0M
$121.4M
FCF MarginFCF / Revenue
-14.1%
12.6%
Capex IntensityCapex / Revenue
0.4%
2.1%
Cash ConversionOCF / Net Profit
0.92×
TTM Free Cash FlowTrailing 4 quarters
$-69.2M
$686.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLOV
CLOV
MLI
MLI
Q4 25
$-66.9M
$141.2M
Q3 25
$12.1M
$310.1M
Q2 25
$5.4M
$190.6M
Q1 25
$-16.3M
$113.6M
Q4 24
$34.8M
$140.1M
Q3 24
$50.0M
$231.4M
Q2 24
$44.8M
$100.8M
Q1 24
$25.9M
$173.6M
Free Cash Flow
CLOV
CLOV
MLI
MLI
Q4 25
$-69.0M
$121.4M
Q3 25
$11.4M
$291.8M
Q2 25
$4.8M
$176.5M
Q1 25
$-16.5M
$97.0M
Q4 24
$33.3M
$111.2M
Q3 24
$49.6M
$205.7M
Q2 24
$44.4M
$91.6M
Q1 24
$25.5M
$157.2M
FCF Margin
CLOV
CLOV
MLI
MLI
Q4 25
-14.1%
12.6%
Q3 25
2.3%
27.1%
Q2 25
1.0%
15.5%
Q1 25
-3.6%
9.7%
Q4 24
9.9%
12.0%
Q3 24
15.0%
20.6%
Q2 24
12.5%
9.2%
Q1 24
7.3%
18.5%
Capex Intensity
CLOV
CLOV
MLI
MLI
Q4 25
0.4%
2.1%
Q3 25
0.1%
1.7%
Q2 25
0.1%
1.2%
Q1 25
0.0%
1.7%
Q4 24
0.5%
3.1%
Q3 24
0.1%
2.6%
Q2 24
0.1%
0.9%
Q1 24
0.1%
1.9%
Cash Conversion
CLOV
CLOV
MLI
MLI
Q4 25
0.92×
Q3 25
1.49×
Q2 25
0.78×
Q1 25
0.72×
Q4 24
1.02×
Q3 24
1.37×
Q2 24
6.04×
0.63×
Q1 24
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLOV
CLOV

Segment breakdown not available.

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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