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Side-by-side financial comparison of California Resources Corp (CRC) 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 $679.0M, roughly 1.4× California Resources Corp). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs 1.8%, a 14.2% gap on every dollar of revenue. On growth, MUELLER INDUSTRIES INC posted the faster year-over-year revenue change (4.2% vs -17.8%). MUELLER INDUSTRIES INC produced more free cash flow last quarter ($121.4M vs $115.0M). Over the past eight quarters, California Resources Corp's revenue compounded faster (25.8% CAGR vs 6.4%).

California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.

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.

CRC vs MLI — Head-to-Head

Bigger by revenue
MLI
MLI
1.4× larger
MLI
$962.4M
$679.0M
CRC
Growing faster (revenue YoY)
MLI
MLI
+22.0% gap
MLI
4.2%
-17.8%
CRC
Higher net margin
MLI
MLI
14.2% more per $
MLI
16.0%
1.8%
CRC
More free cash flow
MLI
MLI
$6.4M more FCF
MLI
$121.4M
$115.0M
CRC
Faster 2-yr revenue CAGR
CRC
CRC
Annualised
CRC
25.8%
6.4%
MLI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CRC
CRC
MLI
MLI
Revenue
$679.0M
$962.4M
Net Profit
$12.0M
$153.7M
Gross Margin
Operating Margin
6.9%
17.9%
Net Margin
1.8%
16.0%
Revenue YoY
-17.8%
4.2%
Net Profit YoY
-63.6%
11.7%
EPS (diluted)
$0.21
$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
CRC
CRC
MLI
MLI
Q4 25
$679.0M
$962.4M
Q3 25
$715.0M
$1.1B
Q2 25
$702.0M
$1.1B
Q1 25
$814.0M
$1.0B
Q4 24
$826.0M
$923.5M
Q3 24
$870.0M
$997.8M
Q2 24
$412.0M
$997.7M
Q1 24
$429.0M
$849.7M
Net Profit
CRC
CRC
MLI
MLI
Q4 25
$12.0M
$153.7M
Q3 25
$64.0M
$208.1M
Q2 25
$172.0M
$245.9M
Q1 25
$115.0M
$157.4M
Q4 24
$33.0M
$137.7M
Q3 24
$345.0M
$168.7M
Q2 24
$8.0M
$160.2M
Q1 24
$-10.0M
$138.4M
Gross Margin
CRC
CRC
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
CRC
CRC
MLI
MLI
Q4 25
6.9%
17.9%
Q3 25
13.7%
25.6%
Q2 25
38.0%
26.7%
Q1 25
22.9%
20.6%
Q4 24
8.2%
18.4%
Q3 24
59.5%
20.7%
Q2 24
9.2%
21.0%
Q1 24
-0.9%
21.6%
Net Margin
CRC
CRC
MLI
MLI
Q4 25
1.8%
16.0%
Q3 25
9.0%
19.3%
Q2 25
24.5%
21.6%
Q1 25
14.1%
15.7%
Q4 24
4.0%
14.9%
Q3 24
39.7%
16.9%
Q2 24
1.9%
16.1%
Q1 24
-2.3%
16.3%
EPS (diluted)
CRC
CRC
MLI
MLI
Q4 25
$0.21
$1.37
Q3 25
$0.76
$1.88
Q2 25
$1.92
$2.22
Q1 25
$1.26
$1.39
Q4 24
$0.87
$1.21
Q3 24
$3.78
$1.48
Q2 24
$0.11
$1.41
Q1 24
$-0.14
$1.21

Balance Sheet & Financial Strength

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

Metric
CRC
CRC
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$132.0M
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.7B
$3.2B
Total Assets
$7.4B
$3.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRC
CRC
MLI
MLI
Q4 25
$132.0M
$1.4B
Q3 25
$196.0M
$1.3B
Q2 25
$72.0M
$1.1B
Q1 25
$214.0M
$873.6M
Q4 24
$372.0M
$1.1B
Q3 24
$241.0M
$969.6M
Q2 24
$1.0B
$825.7M
Q1 24
$403.0M
$1.4B
Total Debt
CRC
CRC
MLI
MLI
Q4 25
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.2B
Q1 24
$541.0M
Stockholders' Equity
CRC
CRC
MLI
MLI
Q4 25
$3.7B
$3.2B
Q3 25
$3.4B
$3.1B
Q2 25
$3.4B
$2.9B
Q1 25
$3.5B
$2.7B
Q4 24
$3.5B
$2.8B
Q3 24
$3.5B
$2.7B
Q2 24
$2.1B
$2.5B
Q1 24
$2.1B
$2.4B
Total Assets
CRC
CRC
MLI
MLI
Q4 25
$7.4B
$3.7B
Q3 25
$6.8B
$3.7B
Q2 25
$6.7B
$3.5B
Q1 25
$6.8B
$3.2B
Q4 24
$7.1B
$3.3B
Q3 24
$7.1B
$3.2B
Q2 24
$4.5B
$3.1B
Q1 24
$3.9B
$2.9B
Debt / Equity
CRC
CRC
MLI
MLI
Q4 25
Q3 25
0.29×
Q2 25
0.30×
Q1 25
0.29×
Q4 24
0.32×
Q3 24
0.32×
Q2 24
0.57×
Q1 24
0.26×

Cash Flow & Capital Efficiency

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

Metric
CRC
CRC
MLI
MLI
Operating Cash FlowLast quarter
$235.0M
$141.2M
Free Cash FlowOCF − Capex
$115.0M
$121.4M
FCF MarginFCF / Revenue
16.9%
12.6%
Capex IntensityCapex / Revenue
17.7%
2.1%
Cash ConversionOCF / Net Profit
19.58×
0.92×
TTM Free Cash FlowTrailing 4 quarters
$543.0M
$686.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRC
CRC
MLI
MLI
Q4 25
$235.0M
$141.2M
Q3 25
$279.0M
$310.1M
Q2 25
$165.0M
$190.6M
Q1 25
$186.0M
$113.6M
Q4 24
$206.0M
$140.1M
Q3 24
$220.0M
$231.4M
Q2 24
$97.0M
$100.8M
Q1 24
$87.0M
$173.6M
Free Cash Flow
CRC
CRC
MLI
MLI
Q4 25
$115.0M
$121.4M
Q3 25
$188.0M
$291.8M
Q2 25
$109.0M
$176.5M
Q1 25
$131.0M
$97.0M
Q4 24
$118.0M
$111.2M
Q3 24
$141.0M
$205.7M
Q2 24
$63.0M
$91.6M
Q1 24
$33.0M
$157.2M
FCF Margin
CRC
CRC
MLI
MLI
Q4 25
16.9%
12.6%
Q3 25
26.3%
27.1%
Q2 25
15.5%
15.5%
Q1 25
16.1%
9.7%
Q4 24
14.3%
12.0%
Q3 24
16.2%
20.6%
Q2 24
15.3%
9.2%
Q1 24
7.7%
18.5%
Capex Intensity
CRC
CRC
MLI
MLI
Q4 25
17.7%
2.1%
Q3 25
12.7%
1.7%
Q2 25
8.0%
1.2%
Q1 25
6.8%
1.7%
Q4 24
10.7%
3.1%
Q3 24
9.1%
2.6%
Q2 24
8.3%
0.9%
Q1 24
12.6%
1.9%
Cash Conversion
CRC
CRC
MLI
MLI
Q4 25
19.58×
0.92×
Q3 25
4.36×
1.49×
Q2 25
0.96×
0.78×
Q1 25
1.62×
0.72×
Q4 24
6.24×
1.02×
Q3 24
0.64×
1.37×
Q2 24
12.13×
0.63×
Q1 24
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CRC
CRC

Oil And Natural Gas Segment$645.0M95%
Natural Gas Production$26.0M4%
Other$7.0M1%

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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