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Side-by-side financial comparison of Dynatrace, Inc. (DT) 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 $515.5M, roughly 1.9× Dynatrace, Inc.). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs 7.8%, a 8.2% gap on every dollar of revenue. On growth, Dynatrace, Inc. posted the faster year-over-year revenue change (18.2% vs 4.2%). MUELLER INDUSTRIES INC produced more free cash flow last quarter ($121.4M vs $27.2M). Over the past eight quarters, Dynatrace, Inc.'s revenue compounded faster (16.3% CAGR vs 6.4%).

Dynatrace, Inc. is an American multinational technology company that provides an AI-powered observability platform. Their software is used to monitor, analyze, and optimize application performance, software development, cyber security practices, IT infrastructure, and user experience.

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.

DT vs MLI — Head-to-Head

Bigger by revenue
MLI
MLI
1.9× larger
MLI
$962.4M
$515.5M
DT
Growing faster (revenue YoY)
DT
DT
+14.0% gap
DT
18.2%
4.2%
MLI
Higher net margin
MLI
MLI
8.2% more per $
MLI
16.0%
7.8%
DT
More free cash flow
MLI
MLI
$94.2M more FCF
MLI
$121.4M
$27.2M
DT
Faster 2-yr revenue CAGR
DT
DT
Annualised
DT
16.3%
6.4%
MLI

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
DT
DT
MLI
MLI
Revenue
$515.5M
$962.4M
Net Profit
$40.1M
$153.7M
Gross Margin
81.4%
Operating Margin
14.1%
17.9%
Net Margin
7.8%
16.0%
Revenue YoY
18.2%
4.2%
Net Profit YoY
-88.9%
11.7%
EPS (diluted)
$0.13
$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
DT
DT
MLI
MLI
Q4 25
$515.5M
$962.4M
Q3 25
$493.8M
$1.1B
Q2 25
$477.3M
$1.1B
Q1 25
$445.2M
$1.0B
Q4 24
$436.2M
$923.5M
Q3 24
$418.1M
$997.8M
Q2 24
$399.2M
$997.7M
Q1 24
$380.8M
$849.7M
Net Profit
DT
DT
MLI
MLI
Q4 25
$40.1M
$153.7M
Q3 25
$57.2M
$208.1M
Q2 25
$48.0M
$245.9M
Q1 25
$39.3M
$157.4M
Q4 24
$361.8M
$137.7M
Q3 24
$44.0M
$168.7M
Q2 24
$38.6M
$160.2M
Q1 24
$37.9M
$138.4M
Gross Margin
DT
DT
MLI
MLI
Q4 25
81.4%
Q3 25
81.8%
Q2 25
82.1%
Q1 25
80.9%
Q4 24
81.1%
Q3 24
81.4%
27.6%
Q2 24
81.3%
27.3%
Q1 24
81.1%
28.4%
Operating Margin
DT
DT
MLI
MLI
Q4 25
14.1%
17.9%
Q3 25
14.8%
25.6%
Q2 25
13.1%
26.7%
Q1 25
9.6%
20.6%
Q4 24
10.9%
18.4%
Q3 24
11.2%
20.7%
Q2 24
10.5%
21.0%
Q1 24
6.1%
21.6%
Net Margin
DT
DT
MLI
MLI
Q4 25
7.8%
16.0%
Q3 25
11.6%
19.3%
Q2 25
10.0%
21.6%
Q1 25
8.8%
15.7%
Q4 24
82.9%
14.9%
Q3 24
10.5%
16.9%
Q2 24
9.7%
16.1%
Q1 24
10.0%
16.3%
EPS (diluted)
DT
DT
MLI
MLI
Q4 25
$0.13
$1.37
Q3 25
$0.19
$1.88
Q2 25
$0.16
$2.22
Q1 25
$0.12
$1.39
Q4 24
$1.19
$1.21
Q3 24
$0.15
$1.48
Q2 24
$0.13
$1.41
Q1 24
$0.13
$1.21

Balance Sheet & Financial Strength

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

Metric
DT
DT
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$1.2B
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
$3.2B
Total Assets
$4.1B
$3.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DT
DT
MLI
MLI
Q4 25
$1.2B
$1.4B
Q3 25
$1.3B
$1.3B
Q2 25
$1.3B
$1.1B
Q1 25
$1.1B
$873.6M
Q4 24
$1.0B
$1.1B
Q3 24
$1.0B
$969.6M
Q2 24
$1.0B
$825.7M
Q1 24
$836.9M
$1.4B
Stockholders' Equity
DT
DT
MLI
MLI
Q4 25
$2.7B
$3.2B
Q3 25
$2.8B
$3.1B
Q2 25
$2.7B
$2.9B
Q1 25
$2.6B
$2.7B
Q4 24
$2.6B
$2.8B
Q3 24
$2.1B
$2.7B
Q2 24
$2.1B
$2.5B
Q1 24
$2.0B
$2.4B
Total Assets
DT
DT
MLI
MLI
Q4 25
$4.1B
$3.7B
Q3 25
$4.1B
$3.7B
Q2 25
$4.1B
$3.5B
Q1 25
$4.1B
$3.2B
Q4 24
$3.7B
$3.3B
Q3 24
$3.3B
$3.2B
Q2 24
$3.3B
$3.1B
Q1 24
$3.4B
$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
DT
DT
MLI
MLI
Operating Cash FlowLast quarter
$33.8M
$141.2M
Free Cash FlowOCF − Capex
$27.2M
$121.4M
FCF MarginFCF / Revenue
5.3%
12.6%
Capex IntensityCapex / Revenue
1.3%
2.1%
Cash ConversionOCF / Net Profit
0.84×
0.92×
TTM Free Cash FlowTrailing 4 quarters
$465.5M
$686.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DT
DT
MLI
MLI
Q4 25
$33.8M
$141.2M
Q3 25
$32.0M
$310.1M
Q2 25
$269.7M
$190.6M
Q1 25
$162.8M
$113.6M
Q4 24
$42.2M
$140.1M
Q3 24
$23.6M
$231.4M
Q2 24
$230.7M
$100.8M
Q1 24
$131.7M
$173.6M
Free Cash Flow
DT
DT
MLI
MLI
Q4 25
$27.2M
$121.4M
Q3 25
$27.8M
$291.8M
Q2 25
$262.2M
$176.5M
Q1 25
$148.2M
$97.0M
Q4 24
$37.6M
$111.2M
Q3 24
$20.1M
$205.7M
Q2 24
$227.4M
$91.6M
Q1 24
$121.9M
$157.2M
FCF Margin
DT
DT
MLI
MLI
Q4 25
5.3%
12.6%
Q3 25
5.6%
27.1%
Q2 25
54.9%
15.5%
Q1 25
33.3%
9.7%
Q4 24
8.6%
12.0%
Q3 24
4.8%
20.6%
Q2 24
57.0%
9.2%
Q1 24
32.0%
18.5%
Capex Intensity
DT
DT
MLI
MLI
Q4 25
1.3%
2.1%
Q3 25
0.8%
1.7%
Q2 25
1.6%
1.2%
Q1 25
3.3%
1.7%
Q4 24
1.1%
3.1%
Q3 24
0.8%
2.6%
Q2 24
0.8%
0.9%
Q1 24
2.6%
1.9%
Cash Conversion
DT
DT
MLI
MLI
Q4 25
0.84×
0.92×
Q3 25
0.56×
1.49×
Q2 25
5.62×
0.78×
Q1 25
4.14×
0.72×
Q4 24
0.12×
1.02×
Q3 24
0.54×
1.37×
Q2 24
5.97×
0.63×
Q1 24
3.47×
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DT
DT

Subscription And Circulation$493.4M96%
Services$22.1M4%

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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