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

Lucid Group, Inc. is the larger business by last-quarter revenue ($522.7M vs $522.6M, roughly 1.0× MDU RESOURCES GROUP INC). MDU RESOURCES GROUP INC runs the higher net margin — 14.6% vs -155.7%, a 170.3% gap on every dollar of revenue. On growth, Lucid Group, Inc. posted the faster year-over-year revenue change (122.9% vs -1.6%). MDU RESOURCES GROUP INC produced more free cash flow last quarter ($-336.0M vs $-1.2B). Over the past eight quarters, Lucid Group, Inc.'s revenue compounded faster (74.0% CAGR vs -5.7%).

Lucid Group, Inc., is an American automotive and technology company that manufactures electric vehicles and supplies advanced electric vehicle powertrain systems. The company is headquartered in Newark, California. In September 2021, the company began producing the Lucid Air sedan at its factory in Casa Grande, Arizona. Production of its second model, the Lucid Gravity SUV, started in December 2024. Lucid also supplies and develops powertrain technology to other automakers, including Aston Ma...

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.

LCID vs MDU — Head-to-Head

Bigger by revenue
LCID
LCID
1.0× larger
LCID
$522.7M
$522.6M
MDU
Growing faster (revenue YoY)
LCID
LCID
+124.5% gap
LCID
122.9%
-1.6%
MDU
Higher net margin
MDU
MDU
170.3% more per $
MDU
14.6%
-155.7%
LCID
More free cash flow
MDU
MDU
$905.8M more FCF
MDU
$-336.0M
$-1.2B
LCID
Faster 2-yr revenue CAGR
LCID
LCID
Annualised
LCID
74.0%
-5.7%
MDU

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LCID
LCID
MDU
MDU
Revenue
$522.7M
$522.6M
Net Profit
$-814.0M
$76.3M
Gross Margin
-80.7%
Operating Margin
-203.7%
20.5%
Net Margin
-155.7%
14.6%
Revenue YoY
122.9%
-1.6%
Net Profit YoY
-104.9%
38.4%
EPS (diluted)
$-8.26
$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
LCID
LCID
MDU
MDU
Q4 25
$522.7M
$522.6M
Q3 25
$336.6M
$313.6M
Q2 25
$259.4M
$348.7M
Q1 25
$235.0M
$678.0M
Q4 24
$234.5M
$531.0M
Q3 24
$200.0M
$290.7M
Q2 24
$200.6M
$343.1M
Q1 24
$172.7M
$588.2M
Net Profit
LCID
LCID
MDU
MDU
Q4 25
$-814.0M
$76.3M
Q3 25
$-978.4M
$18.3M
Q2 25
$-539.4M
$13.8M
Q1 25
$-366.2M
$82.0M
Q4 24
$-397.2M
$55.2M
Q3 24
$-992.5M
$64.6M
Q2 24
$-643.4M
$60.4M
Q1 24
$-680.9M
$100.9M
Gross Margin
LCID
LCID
MDU
MDU
Q4 25
-80.7%
Q3 25
-99.1%
Q2 25
-105.0%
Q1 25
-97.2%
Q4 24
-89.0%
Q3 24
-106.2%
Q2 24
-134.5%
Q1 24
-134.3%
Operating Margin
LCID
LCID
MDU
MDU
Q4 25
-203.7%
20.5%
Q3 25
-279.9%
12.7%
Q2 25
-309.5%
8.7%
Q1 25
-294.4%
16.6%
Q4 24
-312.6%
17.8%
Q3 24
-385.2%
12.0%
Q2 24
-392.6%
11.5%
Q1 24
-422.6%
16.4%
Net Margin
LCID
LCID
MDU
MDU
Q4 25
-155.7%
14.6%
Q3 25
-290.7%
5.8%
Q2 25
-207.9%
4.0%
Q1 25
-155.8%
12.1%
Q4 24
-169.4%
10.4%
Q3 24
-496.1%
22.2%
Q2 24
-320.8%
17.6%
Q1 24
-394.2%
17.2%
EPS (diluted)
LCID
LCID
MDU
MDU
Q4 25
$-8.26
$0.37
Q3 25
$-3.31
$0.09
Q2 25
$-0.28
$0.07
Q1 25
$-0.24
$0.40
Q4 24
$-0.20
$0.26
Q3 24
$-0.41
$0.32
Q2 24
$-0.34
$0.30
Q1 24
$-0.30
$0.49

Balance Sheet & Financial Strength

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

Metric
LCID
LCID
MDU
MDU
Cash + ST InvestmentsLiquidity on hand
$1.6B
$28.2M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$717.3M
$2.8B
Total Assets
$8.4B
$7.6B
Debt / EquityLower = less leverage
0.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LCID
LCID
MDU
MDU
Q4 25
$1.6B
$28.2M
Q3 25
$2.3B
$75.9M
Q2 25
$2.8B
$58.8M
Q1 25
$3.6B
$59.5M
Q4 24
$4.0B
$66.9M
Q3 24
$3.5B
$88.3M
Q2 24
$3.2B
$78.8M
Q1 24
$4.0B
$72.7M
Total Debt
LCID
LCID
MDU
MDU
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
Q1 24
$2.3B
Stockholders' Equity
LCID
LCID
MDU
MDU
Q4 25
$717.3M
$2.8B
Q3 25
$1.8B
$2.7B
Q2 25
$2.4B
$2.7B
Q1 25
$3.2B
$2.7B
Q4 24
$3.9B
$2.7B
Q3 24
$2.7B
$3.1B
Q2 24
$3.5B
$3.0B
Q1 24
$4.2B
$3.0B
Total Assets
LCID
LCID
MDU
MDU
Q4 25
$8.4B
$7.6B
Q3 25
$8.8B
$7.2B
Q2 25
$8.9B
$6.9B
Q1 25
$9.2B
$7.0B
Q4 24
$9.6B
$7.0B
Q3 24
$8.5B
$8.2B
Q2 24
$8.2B
$8.0B
Q1 24
$8.9B
$7.8B
Debt / Equity
LCID
LCID
MDU
MDU
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×
Q1 24
0.76×

Cash Flow & Capital Efficiency

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

Metric
LCID
LCID
MDU
MDU
Operating Cash FlowLast quarter
$-916.4M
$80.6M
Free Cash FlowOCF − Capex
$-1.2B
$-336.0M
FCF MarginFCF / Revenue
-237.6%
-64.3%
Capex IntensityCapex / Revenue
62.3%
79.7%
Cash ConversionOCF / Net Profit
1.06×
TTM Free Cash FlowTrailing 4 quarters
$-3.8B
$-297.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LCID
LCID
MDU
MDU
Q4 25
$-916.4M
$80.6M
Q3 25
$-756.6M
$57.9M
Q2 25
$-830.2M
$117.4M
Q1 25
$-428.6M
$217.5M
Q4 24
$-533.1M
$60.5M
Q3 24
$-462.8M
$140.2M
Q2 24
$-507.0M
$136.5M
Q1 24
$-516.7M
$165.1M
Free Cash Flow
LCID
LCID
MDU
MDU
Q4 25
$-1.2B
$-336.0M
Q3 25
$-955.5M
$-121.9M
Q2 25
$-1.0B
$36.5M
Q1 25
$-589.9M
$124.4M
Q4 24
$-824.8M
$-95.8M
Q3 24
$-622.5M
$673.0K
Q2 24
$-741.3M
$26.5M
Q1 24
$-714.9M
$48.1M
FCF Margin
LCID
LCID
MDU
MDU
Q4 25
-237.6%
-64.3%
Q3 25
-283.9%
-38.9%
Q2 25
-390.4%
10.5%
Q1 25
-251.0%
18.4%
Q4 24
-351.8%
-18.0%
Q3 24
-311.2%
0.2%
Q2 24
-369.6%
7.7%
Q1 24
-413.9%
8.2%
Capex Intensity
LCID
LCID
MDU
MDU
Q4 25
62.3%
79.7%
Q3 25
59.1%
57.3%
Q2 25
70.4%
23.2%
Q1 25
68.6%
13.7%
Q4 24
124.4%
29.4%
Q3 24
79.8%
48.0%
Q2 24
116.8%
32.0%
Q1 24
114.7%
19.9%
Cash Conversion
LCID
LCID
MDU
MDU
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×
Q1 24
1.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LCID
LCID

LCNRV$287.2M55%
Other$80.4M15%
Related Party$74.4M14%
Regulatory Credits$34.2M7%
Warranty Provision$26.2M5%
Sale And Leaseback Transactions$15.2M3%
Other International$5.0M1%

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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