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Side-by-side financial comparison of Digital Realty (DLR) and MUELLER INDUSTRIES INC (MLI). Click either name above to swap in a different company.

Digital Realty is the larger business by last-quarter revenue ($1.6B vs $962.4M, roughly 1.7× MUELLER INDUSTRIES INC). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs 6.0%, a 9.9% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs 4.2%). Over the past eight quarters, Digital Realty's revenue compounded faster (9.8% CAGR vs 6.4%).

Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.

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.

DLR vs MLI — Head-to-Head

Bigger by revenue
DLR
DLR
1.7× larger
DLR
$1.6B
$962.4M
MLI
Growing faster (revenue YoY)
DLR
DLR
+11.9% gap
DLR
16.1%
4.2%
MLI
Higher net margin
MLI
MLI
9.9% more per $
MLI
16.0%
6.0%
DLR
Faster 2-yr revenue CAGR
DLR
DLR
Annualised
DLR
9.8%
6.4%
MLI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DLR
DLR
MLI
MLI
Revenue
$1.6B
$962.4M
Net Profit
$98.6M
$153.7M
Gross Margin
Operating Margin
6.9%
17.9%
Net Margin
6.0%
16.0%
Revenue YoY
16.1%
4.2%
Net Profit YoY
-10.3%
11.7%
EPS (diluted)
$0.22
$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
DLR
DLR
MLI
MLI
Q1 26
$1.6B
Q4 25
$1.6B
$962.4M
Q3 25
$1.6B
$1.1B
Q2 25
$1.5B
$1.1B
Q1 25
$1.4B
$1.0B
Q4 24
$1.4B
$923.5M
Q3 24
$1.4B
$997.8M
Q2 24
$1.4B
$997.7M
Net Profit
DLR
DLR
MLI
MLI
Q1 26
$98.6M
Q4 25
$98.6M
$153.7M
Q3 25
$67.8M
$208.1M
Q2 25
$1.0B
$245.9M
Q1 25
$110.0M
$157.4M
Q4 24
$189.6M
$137.7M
Q3 24
$51.2M
$168.7M
Q2 24
$80.2M
$160.2M
Gross Margin
DLR
DLR
MLI
MLI
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
27.6%
Q2 24
27.3%
Operating Margin
DLR
DLR
MLI
MLI
Q1 26
6.9%
Q4 25
6.9%
17.9%
Q3 25
8.8%
25.6%
Q2 25
14.2%
26.7%
Q1 25
13.9%
20.6%
Q4 24
10.1%
18.4%
Q3 24
11.8%
20.7%
Q2 24
0.7%
21.0%
Net Margin
DLR
DLR
MLI
MLI
Q1 26
6.0%
Q4 25
6.0%
16.0%
Q3 25
4.3%
19.3%
Q2 25
69.1%
21.6%
Q1 25
7.8%
15.7%
Q4 24
13.2%
14.9%
Q3 24
3.6%
16.9%
Q2 24
5.9%
16.1%
EPS (diluted)
DLR
DLR
MLI
MLI
Q1 26
$0.22
Q4 25
$0.22
$1.37
Q3 25
$0.15
$1.88
Q2 25
$2.94
$2.22
Q1 25
$0.27
$1.39
Q4 24
$0.50
$1.21
Q3 24
$0.09
$1.48
Q2 24
$0.20
$1.41

Balance Sheet & Financial Strength

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

Metric
DLR
DLR
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$3.5B
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$22.9B
$3.2B
Total Assets
$49.4B
$3.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLR
DLR
MLI
MLI
Q1 26
$3.5B
Q4 25
$3.5B
$1.4B
Q3 25
$3.3B
$1.3B
Q2 25
$3.6B
$1.1B
Q1 25
$2.3B
$873.6M
Q4 24
$3.9B
$1.1B
Q3 24
$2.2B
$969.6M
Q2 24
$2.3B
$825.7M
Stockholders' Equity
DLR
DLR
MLI
MLI
Q1 26
$22.9B
Q4 25
$22.9B
$3.2B
Q3 25
$23.0B
$3.1B
Q2 25
$22.9B
$2.9B
Q1 25
$21.3B
$2.7B
Q4 24
$21.3B
$2.8B
Q3 24
$21.2B
$2.7B
Q2 24
$20.5B
$2.5B
Total Assets
DLR
DLR
MLI
MLI
Q1 26
$49.4B
Q4 25
$49.4B
$3.7B
Q3 25
$48.7B
$3.7B
Q2 25
$48.7B
$3.5B
Q1 25
$45.1B
$3.2B
Q4 24
$45.3B
$3.3B
Q3 24
$45.3B
$3.2B
Q2 24
$43.6B
$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
DLR
DLR
MLI
MLI
Operating Cash FlowLast quarter
$141.2M
Free Cash FlowOCF − Capex
$121.4M
FCF MarginFCF / Revenue
12.6%
Capex IntensityCapex / Revenue
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
DLR
DLR
MLI
MLI
Q1 26
Q4 25
$719.0M
$141.2M
Q3 25
$652.9M
$310.1M
Q2 25
$641.2M
$190.6M
Q1 25
$399.1M
$113.6M
Q4 24
$769.5M
$140.1M
Q3 24
$566.5M
$231.4M
Q2 24
$573.2M
$100.8M
Free Cash Flow
DLR
DLR
MLI
MLI
Q1 26
Q4 25
$121.4M
Q3 25
$291.8M
Q2 25
$176.5M
Q1 25
$97.0M
Q4 24
$111.2M
Q3 24
$205.7M
Q2 24
$91.6M
FCF Margin
DLR
DLR
MLI
MLI
Q1 26
Q4 25
12.6%
Q3 25
27.1%
Q2 25
15.5%
Q1 25
9.7%
Q4 24
12.0%
Q3 24
20.6%
Q2 24
9.2%
Capex Intensity
DLR
DLR
MLI
MLI
Q1 26
Q4 25
2.1%
Q3 25
1.7%
Q2 25
1.2%
Q1 25
1.7%
Q4 24
3.1%
Q3 24
2.6%
Q2 24
0.9%
Cash Conversion
DLR
DLR
MLI
MLI
Q1 26
Q4 25
7.29×
0.92×
Q3 25
9.63×
1.49×
Q2 25
0.62×
0.78×
Q1 25
3.63×
0.72×
Q4 24
4.06×
1.02×
Q3 24
11.07×
1.37×
Q2 24
7.15×
0.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DLR
DLR

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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