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Side-by-side financial comparison of iQIYI, Inc. (IQ) and MDU RESOURCES GROUP INC (MDU). Click either name above to swap in a different company.

iQIYI, Inc. is the larger business by last-quarter revenue ($971.6M vs $522.6M, roughly 1.9× MDU RESOURCES GROUP INC).

iQIYI, formerly Qiyi, is a Chinese subscription video on-demand over-the-top streaming service owned by Baidu. Headquartered in Beijing, iQIYI primarily produces and distributes films and television series.

MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. It is headquartered in Bismarck, North Dakota, and operates in 48 states.

IQ vs MDU — Head-to-Head

Bigger by revenue
IQ
IQ
1.9× larger
IQ
$971.6M
$522.6M
MDU

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IQ
IQ
MDU
MDU
Revenue
$971.6M
$522.6M
Net Profit
$76.3M
Gross Margin
Operating Margin
0.8%
20.5%
Net Margin
14.6%
Revenue YoY
-1.6%
Net Profit YoY
38.4%
EPS (diluted)
$0.37

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
IQ
IQ
MDU
MDU
Q1 26
$971.6M
Q4 25
$522.6M
Q3 25
$313.6M
Q2 25
$348.7M
Q1 25
$906.0M
$678.0M
Q4 24
$531.0M
Q3 24
$290.7M
Q2 24
$343.1M
Net Profit
IQ
IQ
MDU
MDU
Q1 26
Q4 25
$76.3M
Q3 25
$18.3M
Q2 25
$13.8M
Q1 25
$82.0M
Q4 24
$55.2M
Q3 24
$64.6M
Q2 24
$60.4M
Operating Margin
IQ
IQ
MDU
MDU
Q1 26
0.8%
Q4 25
20.5%
Q3 25
12.7%
Q2 25
8.7%
Q1 25
4.3%
16.6%
Q4 24
17.8%
Q3 24
12.0%
Q2 24
11.5%
Net Margin
IQ
IQ
MDU
MDU
Q1 26
Q4 25
14.6%
Q3 25
5.8%
Q2 25
4.0%
Q1 25
12.1%
Q4 24
10.4%
Q3 24
22.2%
Q2 24
17.6%
EPS (diluted)
IQ
IQ
MDU
MDU
Q1 26
Q4 25
$0.37
Q3 25
$0.09
Q2 25
$0.07
Q1 25
$0.40
Q4 24
$0.26
Q3 24
$0.32
Q2 24
$0.30

Balance Sheet & Financial Strength

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

Metric
IQ
IQ
MDU
MDU
Cash + ST InvestmentsLiquidity on hand
$4.4M
$28.2M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$13.3M
$2.8B
Total Assets
$46.7M
$7.6B
Debt / EquityLower = less leverage
0.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQ
IQ
MDU
MDU
Q1 26
$4.4M
Q4 25
$28.2M
Q3 25
$75.9M
Q2 25
$58.8M
Q1 25
$3.5M
$59.5M
Q4 24
$66.9M
Q3 24
$88.3M
Q2 24
$78.8M
Total Debt
IQ
IQ
MDU
MDU
Q1 26
Q4 25
$2.7B
Q3 25
$2.4B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.3B
Stockholders' Equity
IQ
IQ
MDU
MDU
Q1 26
$13.3M
Q4 25
$2.8B
Q3 25
$2.7B
Q2 25
$2.7B
Q1 25
$13.4M
$2.7B
Q4 24
$2.7B
Q3 24
$3.1B
Q2 24
$3.0B
Total Assets
IQ
IQ
MDU
MDU
Q1 26
$46.7M
Q4 25
$7.6B
Q3 25
$7.2B
Q2 25
$6.9B
Q1 25
$45.8M
$7.0B
Q4 24
$7.0B
Q3 24
$8.2B
Q2 24
$8.0B
Debt / Equity
IQ
IQ
MDU
MDU
Q1 26
Q4 25
0.97×
Q3 25
0.86×
Q2 25
0.80×
Q1 25
0.80×
Q4 24
0.85×
Q3 24
0.76×
Q2 24
0.75×

Cash Flow & Capital Efficiency

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

Metric
IQ
IQ
MDU
MDU
Operating Cash FlowLast quarter
$80.6M
Free Cash FlowOCF − Capex
$-336.0M
FCF MarginFCF / Revenue
-64.3%
Capex IntensityCapex / Revenue
79.7%
Cash ConversionOCF / Net Profit
1.06×
TTM Free Cash FlowTrailing 4 quarters
$-297.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IQ
IQ
MDU
MDU
Q1 26
Q4 25
$80.6M
Q3 25
$57.9M
Q2 25
$117.4M
Q1 25
$217.5M
Q4 24
$60.5M
Q3 24
$140.2M
Q2 24
$136.5M
Free Cash Flow
IQ
IQ
MDU
MDU
Q1 26
Q4 25
$-336.0M
Q3 25
$-121.9M
Q2 25
$36.5M
Q1 25
$124.4M
Q4 24
$-95.8M
Q3 24
$673.0K
Q2 24
$26.5M
FCF Margin
IQ
IQ
MDU
MDU
Q1 26
Q4 25
-64.3%
Q3 25
-38.9%
Q2 25
10.5%
Q1 25
18.4%
Q4 24
-18.0%
Q3 24
0.2%
Q2 24
7.7%
Capex Intensity
IQ
IQ
MDU
MDU
Q1 26
Q4 25
79.7%
Q3 25
57.3%
Q2 25
23.2%
Q1 25
13.7%
Q4 24
29.4%
Q3 24
48.0%
Q2 24
32.0%
Cash Conversion
IQ
IQ
MDU
MDU
Q1 26
Q4 25
1.06×
Q3 25
3.16×
Q2 25
8.52×
Q1 25
2.65×
Q4 24
1.10×
Q3 24
2.17×
Q2 24
2.26×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IQ
IQ

Segment breakdown not available.

MDU
MDU

Natural Gas Distribution$382.8M73%
Commercial Utility Sales$42.7M8%
Residential Utility Sales$33.7M6%
Pipelineand Midstream$31.1M6%
Natural Gas Transportation$17.2M3%
Industrial Utility Sales$10.1M2%
Natural Gas Storage$6.4M1%
Other Utility Sales$1.9M0%

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