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Side-by-side financial comparison of eXp World Holdings, Inc. (EXPI) and MUELLER INDUSTRIES INC (MLI). Click either name above to swap in a different company.

eXp World Holdings, Inc. is the larger business by last-quarter revenue ($1.2B vs $962.4M, roughly 1.2× MUELLER INDUSTRIES INC). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs -1.1%, a 17.1% gap on every dollar of revenue. On growth, eXp World Holdings, Inc. posted the faster year-over-year revenue change (8.5% vs 4.2%). MUELLER INDUSTRIES INC produced more free cash flow last quarter ($121.4M vs $11.9M). Over the past eight quarters, eXp World Holdings, Inc.'s revenue compounded faster (12.4% CAGR vs 6.4%).

eXp World Holdings, Inc. is a global cloud-based real estate services provider. It operates the eXp Realty brokerage network, leverages immersive virtual 3D campus environments to support agent collaboration and operations, serves residential and commercial real estate markets across over 20 countries, and offers complementary services including mortgage, title insurance and professional development resources for real estate practitioners.

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.

EXPI vs MLI — Head-to-Head

Bigger by revenue
EXPI
EXPI
1.2× larger
EXPI
$1.2B
$962.4M
MLI
Growing faster (revenue YoY)
EXPI
EXPI
+4.3% gap
EXPI
8.5%
4.2%
MLI
Higher net margin
MLI
MLI
17.1% more per $
MLI
16.0%
-1.1%
EXPI
More free cash flow
MLI
MLI
$109.5M more FCF
MLI
$121.4M
$11.9M
EXPI
Faster 2-yr revenue CAGR
EXPI
EXPI
Annualised
EXPI
12.4%
6.4%
MLI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EXPI
EXPI
MLI
MLI
Revenue
$1.2B
$962.4M
Net Profit
$-12.9M
$153.7M
Gross Margin
Operating Margin
-1.1%
17.9%
Net Margin
-1.1%
16.0%
Revenue YoY
8.5%
4.2%
Net Profit YoY
-35.7%
11.7%
EPS (diluted)
$-0.08
$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
EXPI
EXPI
MLI
MLI
Q4 25
$1.2B
$962.4M
Q3 25
$1.3B
$1.1B
Q2 25
$1.3B
$1.1B
Q1 25
$954.9M
$1.0B
Q4 24
$1.1B
$923.5M
Q3 24
$1.2B
$997.8M
Q2 24
$1.3B
$997.7M
Q1 24
$943.1M
$849.7M
Net Profit
EXPI
EXPI
MLI
MLI
Q4 25
$-12.9M
$153.7M
Q3 25
$3.5M
$208.1M
Q2 25
$-2.3M
$245.9M
Q1 25
$-11.0M
$157.4M
Q4 24
$-9.5M
$137.7M
Q3 24
$-8.5M
$168.7M
Q2 24
$12.4M
$160.2M
Q1 24
$-15.6M
$138.4M
Gross Margin
EXPI
EXPI
MLI
MLI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
99.9%
27.6%
Q2 24
99.9%
27.3%
Q1 24
28.4%
Operating Margin
EXPI
EXPI
MLI
MLI
Q4 25
-1.1%
17.9%
Q3 25
0.3%
25.6%
Q2 25
-0.2%
26.7%
Q1 25
-1.1%
20.6%
Q4 24
-1.0%
18.4%
Q3 24
-0.7%
20.7%
Q2 24
1.4%
21.0%
Q1 24
-1.9%
21.6%
Net Margin
EXPI
EXPI
MLI
MLI
Q4 25
-1.1%
16.0%
Q3 25
0.3%
19.3%
Q2 25
-0.2%
21.6%
Q1 25
-1.2%
15.7%
Q4 24
-0.9%
14.9%
Q3 24
-0.7%
16.9%
Q2 24
1.0%
16.1%
Q1 24
-1.7%
16.3%
EPS (diluted)
EXPI
EXPI
MLI
MLI
Q4 25
$-0.08
$1.37
Q3 25
$0.02
$1.88
Q2 25
$-0.01
$2.22
Q1 25
$-0.07
$1.39
Q4 24
$-0.06
$1.21
Q3 24
$-0.06
$1.48
Q2 24
$0.08
$1.41
Q1 24
$-0.10
$1.21

Balance Sheet & Financial Strength

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

Metric
EXPI
EXPI
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$124.2M
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$242.8M
$3.2B
Total Assets
$442.5M
$3.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPI
EXPI
MLI
MLI
Q4 25
$124.2M
$1.4B
Q3 25
$112.8M
$1.3B
Q2 25
$94.6M
$1.1B
Q1 25
$115.7M
$873.6M
Q4 24
$113.6M
$1.1B
Q3 24
$130.4M
$969.6M
Q2 24
$108.4M
$825.7M
Q1 24
$109.2M
$1.4B
Stockholders' Equity
EXPI
EXPI
MLI
MLI
Q4 25
$242.8M
$3.2B
Q3 25
$235.3M
$3.1B
Q2 25
$218.4M
$2.9B
Q1 25
$212.0M
$2.7B
Q4 24
$204.9M
$2.8B
Q3 24
$211.1M
$2.7B
Q2 24
$220.3M
$2.5B
Q1 24
$222.4M
$2.4B
Total Assets
EXPI
EXPI
MLI
MLI
Q4 25
$442.5M
$3.7B
Q3 25
$458.7M
$3.7B
Q2 25
$481.2M
$3.5B
Q1 25
$435.8M
$3.2B
Q4 24
$390.7M
$3.3B
Q3 24
$432.6M
$3.2B
Q2 24
$457.4M
$3.1B
Q1 24
$426.7M
$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
EXPI
EXPI
MLI
MLI
Operating Cash FlowLast quarter
$13.8M
$141.2M
Free Cash FlowOCF − Capex
$11.9M
$121.4M
FCF MarginFCF / Revenue
1.0%
12.6%
Capex IntensityCapex / Revenue
0.2%
2.1%
Cash ConversionOCF / Net Profit
0.92×
TTM Free Cash FlowTrailing 4 quarters
$109.0M
$686.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXPI
EXPI
MLI
MLI
Q4 25
$13.8M
$141.2M
Q3 25
$28.9M
$310.1M
Q2 25
$36.1M
$190.6M
Q1 25
$39.8M
$113.6M
Q4 24
$13.7M
$140.1M
Q3 24
$46.0M
$231.4M
Q2 24
$71.1M
$100.8M
Q1 24
$60.7M
$173.6M
Free Cash Flow
EXPI
EXPI
MLI
MLI
Q4 25
$11.9M
$121.4M
Q3 25
$26.6M
$291.8M
Q2 25
$33.3M
$176.5M
Q1 25
$37.3M
$97.0M
Q4 24
$11.6M
$111.2M
Q3 24
$44.4M
$205.7M
Q2 24
$69.7M
$91.6M
Q1 24
$59.3M
$157.2M
FCF Margin
EXPI
EXPI
MLI
MLI
Q4 25
1.0%
12.6%
Q3 25
2.0%
27.1%
Q2 25
2.5%
15.5%
Q1 25
3.9%
9.7%
Q4 24
1.1%
12.0%
Q3 24
3.6%
20.6%
Q2 24
5.4%
9.2%
Q1 24
6.3%
18.5%
Capex Intensity
EXPI
EXPI
MLI
MLI
Q4 25
0.2%
2.1%
Q3 25
0.2%
1.7%
Q2 25
0.2%
1.2%
Q1 25
0.3%
1.7%
Q4 24
0.2%
3.1%
Q3 24
0.1%
2.6%
Q2 24
0.1%
0.9%
Q1 24
0.1%
1.9%
Cash Conversion
EXPI
EXPI
MLI
MLI
Q4 25
0.92×
Q3 25
8.26×
1.49×
Q2 25
0.78×
Q1 25
0.72×
Q4 24
1.02×
Q3 24
1.37×
Q2 24
5.75×
0.63×
Q1 24
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EXPI
EXPI

North American Realty$1.1B96%
International Realty$42.2M4%

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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