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Side-by-side financial comparison of Figure Technology Solutions, Inc. (FIGR) and MILLER INDUSTRIES INC (MLR). Click either name above to swap in a different company.

MILLER INDUSTRIES INC is the larger business by last-quarter revenue ($171.9M vs $156.4M, roughly 1.1× Figure Technology Solutions, Inc.).

Figure Technology Solutions, Inc. is a financial technology company in Reno, Nevada, United States. Established in 2018, it develops and operates blockchain-based platforms used in lending, capital markets, and asset management.

Miller Industries is an American tow truck and towing equipment manufacturing company based in the Chattanooga suburb of Ooltewah, Tennessee. Its primary subsidiary, Miller Industries Towing Equipment Inc., manufactures a variety of light- to heavy-duty wreckers, car carriers, and rotators under several brand names, including Century, Vulcan, Chevron, and Holmes. Miller Industries also operates international brands with Boniface (U.K.) and Jige (France). It is listed on the New York Stock Exc...

FIGR vs MLR — Head-to-Head

Bigger by revenue
MLR
MLR
1.1× larger
MLR
$171.9M
$156.4M
FIGR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FIGR
FIGR
MLR
MLR
Revenue
$156.4M
$171.9M
Net Profit
$89.6M
Gross Margin
15.4%
Operating Margin
33.7%
2.9%
Net Margin
57.3%
Revenue YoY
-22.5%
Net Profit YoY
EPS (diluted)
$0.34
$0.29

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
FIGR
FIGR
MLR
MLR
Q4 25
$171.9M
Q3 25
$156.4M
$178.7M
Q2 25
$214.0M
Q1 25
$225.7M
Q4 24
$221.9M
Q3 24
$314.3M
Q2 24
$371.5M
Q1 24
$349.9M
Net Profit
FIGR
FIGR
MLR
MLR
Q4 25
Q3 25
$89.6M
$3.1M
Q2 25
$8.5M
Q1 25
$8.1M
Q4 24
Q3 24
$15.4M
Q2 24
$20.5M
Q1 24
$17.0M
Gross Margin
FIGR
FIGR
MLR
MLR
Q4 25
15.4%
Q3 25
14.2%
Q2 25
16.2%
Q1 25
15.0%
Q4 24
15.1%
Q3 24
13.4%
Q2 24
13.8%
Q1 24
12.6%
Operating Margin
FIGR
FIGR
MLR
MLR
Q4 25
2.9%
Q3 25
33.7%
2.4%
Q2 25
5.3%
Q1 25
4.8%
Q4 24
5.7%
Q3 24
6.3%
Q2 24
7.1%
Q1 24
6.1%
Net Margin
FIGR
FIGR
MLR
MLR
Q4 25
Q3 25
57.3%
1.7%
Q2 25
4.0%
Q1 25
3.6%
Q4 24
Q3 24
4.9%
Q2 24
5.5%
Q1 24
4.9%
EPS (diluted)
FIGR
FIGR
MLR
MLR
Q4 25
$0.29
Q3 25
$0.34
$0.27
Q2 25
$0.73
Q1 25
$0.69
Q4 24
$0.89
Q3 24
$1.33
Q2 24
$1.78
Q1 24
$1.47

Balance Sheet & Financial Strength

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

Metric
FIGR
FIGR
MLR
MLR
Cash + ST InvestmentsLiquidity on hand
$1.1B
Total DebtLower is stronger
$466.8M
Stockholders' EquityBook value
$1.2B
$420.6M
Total Assets
$2.2B
$589.7M
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIGR
FIGR
MLR
MLR
Q4 25
Q3 25
$1.1B
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
FIGR
FIGR
MLR
MLR
Q4 25
Q3 25
$466.8M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FIGR
FIGR
MLR
MLR
Q4 25
$420.6M
Q3 25
$1.2B
$420.7M
Q2 25
$418.6M
Q1 25
$406.5M
Q4 24
$401.0M
Q3 24
$395.2M
Q2 24
$379.9M
Q1 24
$362.4M
Total Assets
FIGR
FIGR
MLR
MLR
Q4 25
$589.7M
Q3 25
$2.2B
$604.3M
Q2 25
$622.9M
Q1 25
$639.7M
Q4 24
$667.0M
Q3 24
$755.3M
Q2 24
$748.2M
Q1 24
$696.5M
Debt / Equity
FIGR
FIGR
MLR
MLR
Q4 25
Q3 25
0.40×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
FIGR
FIGR
MLR
MLR
Operating Cash FlowLast quarter
$49.3M
$48.9M
Free Cash FlowOCF − Capex
$43.8M
FCF MarginFCF / Revenue
25.5%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
0.55×
TTM Free Cash FlowTrailing 4 quarters
$85.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIGR
FIGR
MLR
MLR
Q4 25
$48.9M
Q3 25
$49.3M
$19.9M
Q2 25
$27.2M
Q1 25
$2.7M
Q4 24
$-11.7M
Q3 24
$30.3M
Q2 24
$-10.7M
Q1 24
$9.0M
Free Cash Flow
FIGR
FIGR
MLR
MLR
Q4 25
$43.8M
Q3 25
$18.1M
Q2 25
$25.6M
Q1 25
$-2.4M
Q4 24
$-13.0M
Q3 24
$24.0M
Q2 24
$-13.8M
Q1 24
$4.3M
FCF Margin
FIGR
FIGR
MLR
MLR
Q4 25
25.5%
Q3 25
10.1%
Q2 25
11.9%
Q1 25
-1.1%
Q4 24
-5.9%
Q3 24
7.6%
Q2 24
-3.7%
Q1 24
1.2%
Capex Intensity
FIGR
FIGR
MLR
MLR
Q4 25
3.0%
Q3 25
1.0%
Q2 25
0.8%
Q1 25
2.3%
Q4 24
0.6%
Q3 24
2.0%
Q2 24
0.8%
Q1 24
1.3%
Cash Conversion
FIGR
FIGR
MLR
MLR
Q4 25
Q3 25
0.55×
6.46×
Q2 25
3.22×
Q1 25
0.34×
Q4 24
Q3 24
1.96×
Q2 24
-0.52×
Q1 24
0.53×

Financial Flow Comparison

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

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