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Side-by-side financial comparison of DELUXE CORP (DLX) 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 $535.2M, roughly 1.8× DELUXE CORP). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs 2.2%, a 13.7% gap on every dollar of revenue. On growth, MUELLER INDUSTRIES INC posted the faster year-over-year revenue change (4.2% vs 2.8%). Over the past eight quarters, MUELLER INDUSTRIES INC's revenue compounded faster (6.4% CAGR vs 0.0%).

Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...

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.

DLX vs MLI — Head-to-Head

Bigger by revenue
MLI
MLI
1.8× larger
MLI
$962.4M
$535.2M
DLX
Growing faster (revenue YoY)
MLI
MLI
+1.4% gap
MLI
4.2%
2.8%
DLX
Higher net margin
MLI
MLI
13.7% more per $
MLI
16.0%
2.2%
DLX
Faster 2-yr revenue CAGR
MLI
MLI
Annualised
MLI
6.4%
0.0%
DLX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DLX
DLX
MLI
MLI
Revenue
$535.2M
$962.4M
Net Profit
$12.0M
$153.7M
Gross Margin
52.2%
Operating Margin
8.9%
17.9%
Net Margin
2.2%
16.0%
Revenue YoY
2.8%
4.2%
Net Profit YoY
-5.0%
11.7%
EPS (diluted)
$0.25
$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
DLX
DLX
MLI
MLI
Q4 25
$535.2M
$962.4M
Q3 25
$540.2M
$1.1B
Q2 25
$521.3M
$1.1B
Q1 25
$536.5M
$1.0B
Q4 24
$520.6M
$923.5M
Q3 24
$528.4M
$997.8M
Q2 24
$537.8M
$997.7M
Q1 24
$535.0M
$849.7M
Net Profit
DLX
DLX
MLI
MLI
Q4 25
$12.0M
$153.7M
Q3 25
$33.7M
$208.1M
Q2 25
$22.4M
$245.9M
Q1 25
$14.0M
$157.4M
Q4 24
$12.6M
$137.7M
Q3 24
$8.9M
$168.7M
Q2 24
$20.5M
$160.2M
Q1 24
$10.8M
$138.4M
Gross Margin
DLX
DLX
MLI
MLI
Q4 25
52.2%
Q3 25
53.9%
Q2 25
53.6%
Q1 25
52.4%
Q4 24
52.3%
Q3 24
53.3%
27.6%
Q2 24
53.7%
27.3%
Q1 24
53.0%
28.4%
Operating Margin
DLX
DLX
MLI
MLI
Q4 25
8.9%
17.9%
Q3 25
14.0%
25.6%
Q2 25
11.7%
26.7%
Q1 25
9.0%
20.6%
Q4 24
9.0%
18.4%
Q3 24
7.9%
20.7%
Q2 24
11.0%
21.0%
Q1 24
8.3%
21.6%
Net Margin
DLX
DLX
MLI
MLI
Q4 25
2.2%
16.0%
Q3 25
6.2%
19.3%
Q2 25
4.3%
21.6%
Q1 25
2.6%
15.7%
Q4 24
2.4%
14.9%
Q3 24
1.7%
16.9%
Q2 24
3.8%
16.1%
Q1 24
2.0%
16.3%
EPS (diluted)
DLX
DLX
MLI
MLI
Q4 25
$0.25
$1.37
Q3 25
$0.74
$1.88
Q2 25
$0.50
$2.22
Q1 25
$0.31
$1.39
Q4 24
$0.28
$1.21
Q3 24
$0.20
$1.48
Q2 24
$0.46
$1.41
Q1 24
$0.24
$1.21

Balance Sheet & Financial Strength

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

Metric
DLX
DLX
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$36.9M
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$680.7M
$3.2B
Total Assets
$2.9B
$3.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLX
DLX
MLI
MLI
Q4 25
$36.9M
$1.4B
Q3 25
$25.8M
$1.3B
Q2 25
$26.0M
$1.1B
Q1 25
$30.3M
$873.6M
Q4 24
$34.4M
$1.1B
Q3 24
$41.3M
$969.6M
Q2 24
$23.1M
$825.7M
Q1 24
$23.5M
$1.4B
Stockholders' Equity
DLX
DLX
MLI
MLI
Q4 25
$680.7M
$3.2B
Q3 25
$664.1M
$3.1B
Q2 25
$638.7M
$2.9B
Q1 25
$622.5M
$2.7B
Q4 24
$620.9M
$2.8B
Q3 24
$612.7M
$2.7B
Q2 24
$620.5M
$2.5B
Q1 24
$608.4M
$2.4B
Total Assets
DLX
DLX
MLI
MLI
Q4 25
$2.9B
$3.7B
Q3 25
$2.6B
$3.7B
Q2 25
$2.5B
$3.5B
Q1 25
$2.6B
$3.2B
Q4 24
$2.8B
$3.3B
Q3 24
$2.6B
$3.2B
Q2 24
$2.7B
$3.1B
Q1 24
$2.7B
$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
DLX
DLX
MLI
MLI
Operating Cash FlowLast quarter
$102.1M
$141.2M
Free Cash FlowOCF − Capex
$121.4M
FCF MarginFCF / Revenue
12.6%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
8.53×
0.92×
TTM Free Cash FlowTrailing 4 quarters
$686.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLX
DLX
MLI
MLI
Q4 25
$102.1M
$141.2M
Q3 25
$67.1M
$310.1M
Q2 25
$51.1M
$190.6M
Q1 25
$50.3M
$113.6M
Q4 24
$60.2M
$140.1M
Q3 24
$67.9M
$231.4M
Q2 24
$39.6M
$100.8M
Q1 24
$26.6M
$173.6M
Free Cash Flow
DLX
DLX
MLI
MLI
Q4 25
$121.4M
Q3 25
$291.8M
Q2 25
$27.8M
$176.5M
Q1 25
$24.3M
$97.0M
Q4 24
$111.2M
Q3 24
$46.7M
$205.7M
Q2 24
$11.4M
$91.6M
Q1 24
$6.1M
$157.2M
FCF Margin
DLX
DLX
MLI
MLI
Q4 25
12.6%
Q3 25
27.1%
Q2 25
5.3%
15.5%
Q1 25
4.5%
9.7%
Q4 24
12.0%
Q3 24
8.8%
20.6%
Q2 24
2.1%
9.2%
Q1 24
1.1%
18.5%
Capex Intensity
DLX
DLX
MLI
MLI
Q4 25
2.1%
Q3 25
1.7%
Q2 25
4.5%
1.2%
Q1 25
4.8%
1.7%
Q4 24
3.1%
Q3 24
4.0%
2.6%
Q2 24
5.2%
0.9%
Q1 24
3.8%
1.9%
Cash Conversion
DLX
DLX
MLI
MLI
Q4 25
8.53×
0.92×
Q3 25
1.99×
1.49×
Q2 25
2.28×
0.78×
Q1 25
3.59×
0.72×
Q4 24
4.77×
1.02×
Q3 24
7.60×
1.37×
Q2 24
1.94×
0.63×
Q1 24
2.46×
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DLX
DLX

Services$247.9M46%
B2B Payments$76.3M14%
Datadrivenmarketingsolutions$68.5M13%
Promotional Solutions Revenue$60.9M11%
Treasurymanagementsolutions$59.8M11%
Other$17.3M3%
Other Web Based Solutions$4.6M1%

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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