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

iQIYI, Inc. is the larger business by last-quarter revenue ($971.6M vs $962.4M, roughly 1.0× MUELLER INDUSTRIES 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.

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.

IQ vs MLI — Head-to-Head

Bigger by revenue
IQ
IQ
1.0× larger
IQ
$971.6M
$962.4M
MLI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IQ
IQ
MLI
MLI
Revenue
$971.6M
$962.4M
Net Profit
$153.7M
Gross Margin
Operating Margin
0.8%
17.9%
Net Margin
16.0%
Revenue YoY
4.2%
Net Profit YoY
11.7%
EPS (diluted)
$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
IQ
IQ
MLI
MLI
Q1 26
$971.6M
Q4 25
$962.4M
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$906.0M
$1.0B
Q4 24
$923.5M
Q3 24
$997.8M
Q2 24
$997.7M
Net Profit
IQ
IQ
MLI
MLI
Q1 26
Q4 25
$153.7M
Q3 25
$208.1M
Q2 25
$245.9M
Q1 25
$157.4M
Q4 24
$137.7M
Q3 24
$168.7M
Q2 24
$160.2M
Gross Margin
IQ
IQ
MLI
MLI
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
27.6%
Q2 24
27.3%
Operating Margin
IQ
IQ
MLI
MLI
Q1 26
0.8%
Q4 25
17.9%
Q3 25
25.6%
Q2 25
26.7%
Q1 25
4.3%
20.6%
Q4 24
18.4%
Q3 24
20.7%
Q2 24
21.0%
Net Margin
IQ
IQ
MLI
MLI
Q1 26
Q4 25
16.0%
Q3 25
19.3%
Q2 25
21.6%
Q1 25
15.7%
Q4 24
14.9%
Q3 24
16.9%
Q2 24
16.1%
EPS (diluted)
IQ
IQ
MLI
MLI
Q1 26
Q4 25
$1.37
Q3 25
$1.88
Q2 25
$2.22
Q1 25
$1.39
Q4 24
$1.21
Q3 24
$1.48
Q2 24
$1.41

Balance Sheet & Financial Strength

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

Metric
IQ
IQ
MLI
MLI
Cash + ST InvestmentsLiquidity on hand
$4.4M
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$13.3M
$3.2B
Total Assets
$46.7M
$3.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IQ
IQ
MLI
MLI
Q1 26
$4.4M
Q4 25
$1.4B
Q3 25
$1.3B
Q2 25
$1.1B
Q1 25
$3.5M
$873.6M
Q4 24
$1.1B
Q3 24
$969.6M
Q2 24
$825.7M
Stockholders' Equity
IQ
IQ
MLI
MLI
Q1 26
$13.3M
Q4 25
$3.2B
Q3 25
$3.1B
Q2 25
$2.9B
Q1 25
$13.4M
$2.7B
Q4 24
$2.8B
Q3 24
$2.7B
Q2 24
$2.5B
Total Assets
IQ
IQ
MLI
MLI
Q1 26
$46.7M
Q4 25
$3.7B
Q3 25
$3.7B
Q2 25
$3.5B
Q1 25
$45.8M
$3.2B
Q4 24
$3.3B
Q3 24
$3.2B
Q2 24
$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
IQ
IQ
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
IQ
IQ
MLI
MLI
Q1 26
Q4 25
$141.2M
Q3 25
$310.1M
Q2 25
$190.6M
Q1 25
$113.6M
Q4 24
$140.1M
Q3 24
$231.4M
Q2 24
$100.8M
Free Cash Flow
IQ
IQ
MLI
MLI
Q1 26
Q4 25
$121.4M
Q3 25
$291.8M
Q2 25
$176.5M
Q1 25
$97.0M
Q4 24
$111.2M
Q3 24
$205.7M
Q2 24
$91.6M
FCF Margin
IQ
IQ
MLI
MLI
Q1 26
Q4 25
12.6%
Q3 25
27.1%
Q2 25
15.5%
Q1 25
9.7%
Q4 24
12.0%
Q3 24
20.6%
Q2 24
9.2%
Capex Intensity
IQ
IQ
MLI
MLI
Q1 26
Q4 25
2.1%
Q3 25
1.7%
Q2 25
1.2%
Q1 25
1.7%
Q4 24
3.1%
Q3 24
2.6%
Q2 24
0.9%
Cash Conversion
IQ
IQ
MLI
MLI
Q1 26
Q4 25
0.92×
Q3 25
1.49×
Q2 25
0.78×
Q1 25
0.72×
Q4 24
1.02×
Q3 24
1.37×
Q2 24
0.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IQ
IQ

Segment breakdown not available.

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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