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Side-by-side financial comparison of HELEN OF TROY LTD (HELE) 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 $512.8M, roughly 1.9× HELEN OF TROY LTD). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs -16.4%, a 32.4% gap on every dollar of revenue. On growth, MUELLER INDUSTRIES INC posted the faster year-over-year revenue change (4.2% vs -3.4%). MUELLER INDUSTRIES INC produced more free cash flow last quarter ($121.4M vs $5.8M). Over the past eight quarters, MUELLER INDUSTRIES INC's revenue compounded faster (6.4% CAGR vs 2.4%).

Helen of Troy Limited is an American publicly traded designer, developer and worldwide marketer of consumer brand-name housewares, health and home, and beauty products under owned and licensed brands. It is the parent corporation of OXO International Ltd., Kaz, Inc., Steel Technology, LLC, and Idelle Labs, Ltd, among others. The company is headquartered in Hamilton, Bermuda, with U.S. operations headquartered in El Paso, Texas. The company is named after the mythic figure Helen of Troy.

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.

HELE vs MLI — Head-to-Head

Bigger by revenue
MLI
MLI
1.9× larger
MLI
$962.4M
$512.8M
HELE
Growing faster (revenue YoY)
MLI
MLI
+7.6% gap
MLI
4.2%
-3.4%
HELE
Higher net margin
MLI
MLI
32.4% more per $
MLI
16.0%
-16.4%
HELE
More free cash flow
MLI
MLI
$115.6M more FCF
MLI
$121.4M
$5.8M
HELE
Faster 2-yr revenue CAGR
MLI
MLI
Annualised
MLI
6.4%
2.4%
HELE

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
HELE
HELE
MLI
MLI
Revenue
$512.8M
$962.4M
Net Profit
$-84.1M
$153.7M
Gross Margin
46.9%
Operating Margin
-1.6%
17.9%
Net Margin
-16.4%
16.0%
Revenue YoY
-3.4%
4.2%
Net Profit YoY
-269.4%
11.7%
EPS (diluted)
$-3.65
$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
HELE
HELE
MLI
MLI
Q4 25
$512.8M
$962.4M
Q3 25
$431.8M
$1.1B
Q2 25
$371.7M
$1.1B
Q1 25
$485.9M
$1.0B
Q4 24
$530.7M
$923.5M
Q3 24
$474.2M
$997.8M
Q2 24
$416.8M
$997.7M
Q1 24
$489.2M
$849.7M
Net Profit
HELE
HELE
MLI
MLI
Q4 25
$-84.1M
$153.7M
Q3 25
$-308.6M
$208.1M
Q2 25
$-450.7M
$245.9M
Q1 25
$50.9M
$157.4M
Q4 24
$49.6M
$137.7M
Q3 24
$17.0M
$168.7M
Q2 24
$6.2M
$160.2M
Q1 24
$42.7M
$138.4M
Gross Margin
HELE
HELE
MLI
MLI
Q4 25
46.9%
Q3 25
44.2%
Q2 25
47.1%
Q1 25
48.6%
Q4 24
48.9%
Q3 24
45.6%
27.6%
Q2 24
48.7%
27.3%
Q1 24
49.0%
28.4%
Operating Margin
HELE
HELE
MLI
MLI
Q4 25
-1.6%
17.9%
Q3 25
-73.1%
25.6%
Q2 25
-109.5%
26.7%
Q1 25
0.4%
20.6%
Q4 24
14.2%
18.4%
Q3 24
7.3%
20.7%
Q2 24
7.4%
21.0%
Q1 24
13.5%
21.6%
Net Margin
HELE
HELE
MLI
MLI
Q4 25
-16.4%
16.0%
Q3 25
-71.5%
19.3%
Q2 25
-121.3%
21.6%
Q1 25
10.5%
15.7%
Q4 24
9.3%
14.9%
Q3 24
3.6%
16.9%
Q2 24
1.5%
16.1%
Q1 24
8.7%
16.3%
EPS (diluted)
HELE
HELE
MLI
MLI
Q4 25
$-3.65
$1.37
Q3 25
$-13.44
$1.88
Q2 25
$-19.65
$2.22
Q1 25
$2.20
$1.39
Q4 24
$2.17
$1.21
Q3 24
$0.74
$1.48
Q2 24
$0.26
$1.41
Q1 24
$1.76
$1.21

Balance Sheet & Financial Strength

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

Metric
HELE
HELE
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$27.1M
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$852.3M
$3.2B
Total Assets
$2.3B
$3.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HELE
HELE
MLI
MLI
Q4 25
$27.1M
$1.4B
Q3 25
$22.4M
$1.3B
Q2 25
$22.7M
$1.1B
Q1 25
$18.9M
$873.6M
Q4 24
$40.8M
$1.1B
Q3 24
$20.1M
$969.6M
Q2 24
$16.1M
$825.7M
Q1 24
$18.5M
$1.4B
Total Debt
HELE
HELE
MLI
MLI
Q4 25
Q3 25
Q2 25
Q1 25
$921.9M
Q4 24
Q3 24
Q2 24
Q1 24
$672.0M
Stockholders' Equity
HELE
HELE
MLI
MLI
Q4 25
$852.3M
$3.2B
Q3 25
$926.3M
$3.1B
Q2 25
$1.2B
$2.9B
Q1 25
$1.7B
$2.7B
Q4 24
$1.6B
$2.8B
Q3 24
$1.6B
$2.7B
Q2 24
$1.5B
$2.5B
Q1 24
$1.6B
$2.4B
Total Assets
HELE
HELE
MLI
MLI
Q4 25
$2.3B
$3.7B
Q3 25
$2.4B
$3.7B
Q2 25
$2.7B
$3.5B
Q1 25
$3.1B
$3.2B
Q4 24
$3.0B
$3.3B
Q3 24
$2.9B
$3.2B
Q2 24
$2.8B
$3.1B
Q1 24
$2.8B
$2.9B
Debt / Equity
HELE
HELE
MLI
MLI
Q4 25
Q3 25
Q2 25
Q1 25
0.55×
Q4 24
Q3 24
Q2 24
Q1 24
0.41×

Cash Flow & Capital Efficiency

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

Metric
HELE
HELE
MLI
MLI
Operating Cash FlowLast quarter
$11.9M
$141.2M
Free Cash FlowOCF − Capex
$5.8M
$121.4M
FCF MarginFCF / Revenue
1.1%
12.6%
Capex IntensityCapex / Revenue
1.2%
2.1%
Cash ConversionOCF / Net Profit
0.92×
TTM Free Cash FlowTrailing 4 quarters
$55.9M
$686.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HELE
HELE
MLI
MLI
Q4 25
$11.9M
$141.2M
Q3 25
$-10.5M
$310.1M
Q2 25
$58.3M
$190.6M
Q1 25
$35.0M
$113.6M
Q4 24
$8.3M
$140.1M
Q3 24
$44.6M
$231.4M
Q2 24
$25.3M
$100.8M
Q1 24
$73.6M
$173.6M
Free Cash Flow
HELE
HELE
MLI
MLI
Q4 25
$5.8M
$121.4M
Q3 25
$-21.9M
$291.8M
Q2 25
$45.0M
$176.5M
Q1 25
$27.1M
$97.0M
Q4 24
$191.0K
$111.2M
Q3 24
$39.7M
$205.7M
Q2 24
$16.2M
$91.6M
Q1 24
$66.6M
$157.2M
FCF Margin
HELE
HELE
MLI
MLI
Q4 25
1.1%
12.6%
Q3 25
-5.1%
27.1%
Q2 25
12.1%
15.5%
Q1 25
5.6%
9.7%
Q4 24
0.0%
12.0%
Q3 24
8.4%
20.6%
Q2 24
3.9%
9.2%
Q1 24
13.6%
18.5%
Capex Intensity
HELE
HELE
MLI
MLI
Q4 25
1.2%
2.1%
Q3 25
2.7%
1.7%
Q2 25
3.6%
1.2%
Q1 25
1.6%
1.7%
Q4 24
1.5%
3.1%
Q3 24
1.0%
2.6%
Q2 24
2.2%
0.9%
Q1 24
1.4%
1.9%
Cash Conversion
HELE
HELE
MLI
MLI
Q4 25
0.92×
Q3 25
1.49×
Q2 25
0.78×
Q1 25
0.69×
0.72×
Q4 24
0.17×
1.02×
Q3 24
2.62×
1.37×
Q2 24
4.08×
0.63×
Q1 24
1.72×
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HELE
HELE

Beauty Wellness$283.2M55%
Home Outdoor$229.6M45%

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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