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

Globe Life is the larger business by last-quarter revenue ($1.6B vs $962.4M, roughly 1.6× MUELLER INDUSTRIES INC). Globe Life runs the higher net margin — 17.3% vs 16.0%, a 1.4% gap on every dollar of revenue. On growth, Globe Life posted the faster year-over-year revenue change (5.3% vs 4.2%). Over the past eight quarters, MUELLER INDUSTRIES INC's revenue compounded faster (6.4% CAGR vs 4.1%).

Globe Life Inc. (GL) is an American financial services holding company listed on the New York Stock Exchange which operates through its wholly owned subsidiaries providing life insurance, annuity, and supplemental health insurance products. The company is based in McKinney, Texas.

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.

GL vs MLI — Head-to-Head

Bigger by revenue
GL
GL
1.6× larger
GL
$1.6B
$962.4M
MLI
Growing faster (revenue YoY)
GL
GL
+1.1% gap
GL
5.3%
4.2%
MLI
Higher net margin
GL
GL
1.4% more per $
GL
17.3%
16.0%
MLI
Faster 2-yr revenue CAGR
MLI
MLI
Annualised
MLI
6.4%
4.1%
GL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
GL
GL
MLI
MLI
Revenue
$1.6B
$962.4M
Net Profit
$270.5M
$153.7M
Gross Margin
Operating Margin
17.9%
Net Margin
17.3%
16.0%
Revenue YoY
5.3%
4.2%
Net Profit YoY
11.7%
EPS (diluted)
$3.39
$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
GL
GL
MLI
MLI
Q1 26
$1.6B
Q4 25
$1.5B
$962.4M
Q3 25
$1.5B
$1.1B
Q2 25
$1.5B
$1.1B
Q1 25
$1.5B
$1.0B
Q4 24
$1.5B
$923.5M
Q3 24
$1.5B
$997.8M
Q2 24
$1.4B
$997.7M
Net Profit
GL
GL
MLI
MLI
Q1 26
$270.5M
Q4 25
$266.1M
$153.7M
Q3 25
$387.8M
$208.1M
Q2 25
$252.7M
$245.9M
Q1 25
$254.6M
$157.4M
Q4 24
$255.2M
$137.7M
Q3 24
$303.0M
$168.7M
Q2 24
$258.4M
$160.2M
Gross Margin
GL
GL
MLI
MLI
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
26.1%
27.6%
Q2 24
23.3%
27.3%
Operating Margin
GL
GL
MLI
MLI
Q1 26
Q4 25
21.7%
17.9%
Q3 25
31.5%
25.6%
Q2 25
21.2%
26.7%
Q1 25
21.4%
20.6%
Q4 24
21.3%
18.4%
Q3 24
26.3%
20.7%
Q2 24
23.5%
21.0%
Net Margin
GL
GL
MLI
MLI
Q1 26
17.3%
Q4 25
17.5%
16.0%
Q3 25
25.6%
19.3%
Q2 25
17.1%
21.6%
Q1 25
17.2%
15.7%
Q4 24
17.4%
14.9%
Q3 24
20.8%
16.9%
Q2 24
17.9%
16.1%
EPS (diluted)
GL
GL
MLI
MLI
Q1 26
$3.39
Q4 25
$3.28
$1.37
Q3 25
$4.73
$1.88
Q2 25
$3.05
$2.22
Q1 25
$3.01
$1.39
Q4 24
$3.00
$1.21
Q3 24
$3.44
$1.48
Q2 24
$2.83
$1.41

Balance Sheet & Financial Strength

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

Metric
GL
GL
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$183.8M
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$6.1B
$3.2B
Total Assets
$3.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GL
GL
MLI
MLI
Q1 26
$183.8M
Q4 25
$314.7M
$1.4B
Q3 25
$62.8M
$1.3B
Q2 25
$116.7M
$1.1B
Q1 25
$134.1M
$873.6M
Q4 24
$85.0M
$1.1B
Q3 24
$100.5M
$969.6M
Q2 24
$100.6M
$825.7M
Stockholders' Equity
GL
GL
MLI
MLI
Q1 26
$6.1B
Q4 25
$6.0B
$3.2B
Q3 25
$5.7B
$3.1B
Q2 25
$5.4B
$2.9B
Q1 25
$5.4B
$2.7B
Q4 24
$5.3B
$2.8B
Q3 24
$4.6B
$2.7B
Q2 24
$5.2B
$2.5B
Total Assets
GL
GL
MLI
MLI
Q1 26
Q4 25
$30.8B
$3.7B
Q3 25
$30.5B
$3.7B
Q2 25
$29.8B
$3.5B
Q1 25
$29.7B
$3.2B
Q4 24
$29.1B
$3.3B
Q3 24
$29.6B
$3.2B
Q2 24
$28.3B
$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
GL
GL
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
GL
GL
MLI
MLI
Q1 26
Q4 25
$350.6M
$141.2M
Q3 25
$306.0M
$310.1M
Q2 25
$307.9M
$190.6M
Q1 25
$431.9M
$113.6M
Q4 24
$336.9M
$140.1M
Q3 24
$340.6M
$231.4M
Q2 24
$374.1M
$100.8M
Free Cash Flow
GL
GL
MLI
MLI
Q1 26
Q4 25
$330.1M
$121.4M
Q3 25
$208.7M
$291.8M
Q2 25
$295.0M
$176.5M
Q1 25
$420.1M
$97.0M
Q4 24
$321.9M
$111.2M
Q3 24
$311.3M
$205.7M
Q2 24
$356.5M
$91.6M
FCF Margin
GL
GL
MLI
MLI
Q1 26
Q4 25
21.7%
12.6%
Q3 25
13.8%
27.1%
Q2 25
19.9%
15.5%
Q1 25
28.4%
9.7%
Q4 24
22.0%
12.0%
Q3 24
21.4%
20.6%
Q2 24
24.8%
9.2%
Capex Intensity
GL
GL
MLI
MLI
Q1 26
Q4 25
1.3%
2.1%
Q3 25
6.4%
1.7%
Q2 25
0.9%
1.2%
Q1 25
0.8%
1.7%
Q4 24
1.0%
3.1%
Q3 24
2.0%
2.6%
Q2 24
1.2%
0.9%
Cash Conversion
GL
GL
MLI
MLI
Q1 26
Q4 25
1.32×
0.92×
Q3 25
0.79×
1.49×
Q2 25
1.22×
0.78×
Q1 25
1.70×
0.72×
Q4 24
1.32×
1.02×
Q3 24
1.12×
1.37×
Q2 24
1.45×
0.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GL
GL

Life premium$853.2M55%
Health premium$416.9M27%
Other$289.5M19%

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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