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Side-by-side financial comparison of MUELLER INDUSTRIES INC (MLI) and nVent Electric plc (NVT). Click either name above to swap in a different company.

nVent Electric plc is the larger business by last-quarter revenue ($1.1B vs $962.4M, roughly 1.1× MUELLER INDUSTRIES INC). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs 11.1%, a 4.8% gap on every dollar of revenue. On growth, nVent Electric plc posted the faster year-over-year revenue change (127.3% vs 4.2%). nVent Electric plc produced more free cash flow last quarter ($165.7M vs $121.4M). Over the past eight quarters, nVent Electric plc's revenue compounded faster (10.4% CAGR vs 6.4%).

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.

NVent Electric plc is an American-British multinational company providing electrical connection and enclosure products. The company designs, manufactures, markets, and services products used to connect, protect, and manage electrical systems in commercial, industrial, residential, infrastructure, and data center applications.

MLI vs NVT — Head-to-Head

Bigger by revenue
NVT
NVT
1.1× larger
NVT
$1.1B
$962.4M
MLI
Growing faster (revenue YoY)
NVT
NVT
+123.1% gap
NVT
127.3%
4.2%
MLI
Higher net margin
MLI
MLI
4.8% more per $
MLI
16.0%
11.1%
NVT
More free cash flow
NVT
NVT
$44.3M more FCF
NVT
$165.7M
$121.4M
MLI
Faster 2-yr revenue CAGR
NVT
NVT
Annualised
NVT
10.4%
6.4%
MLI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MLI
MLI
NVT
NVT
Revenue
$962.4M
$1.1B
Net Profit
$153.7M
$118.8M
Gross Margin
36.5%
Operating Margin
17.9%
15.4%
Net Margin
16.0%
11.1%
Revenue YoY
4.2%
127.3%
Net Profit YoY
11.7%
1010.3%
EPS (diluted)
$1.37
$0.74

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
MLI
MLI
NVT
NVT
Q4 25
$962.4M
$1.1B
Q3 25
$1.1B
$1.1B
Q2 25
$1.1B
$963.1M
Q1 25
$1.0B
$809.3M
Q4 24
$923.5M
$469.2M
Q3 24
$997.8M
$782.0M
Q2 24
$997.7M
$880.3M
Q1 24
$849.7M
$874.6M
Net Profit
MLI
MLI
NVT
NVT
Q4 25
$153.7M
$118.8M
Q3 25
$208.1M
$121.2M
Q2 25
$245.9M
$109.5M
Q1 25
$157.4M
$360.7M
Q4 24
$137.7M
$10.7M
Q3 24
$168.7M
$105.0M
Q2 24
$160.2M
$111.0M
Q1 24
$138.4M
$105.1M
Gross Margin
MLI
MLI
NVT
NVT
Q4 25
36.5%
Q3 25
37.4%
Q2 25
38.6%
Q1 25
38.8%
Q4 24
37.1%
Q3 24
27.6%
39.8%
Q2 24
27.3%
41.8%
Q1 24
28.4%
40.6%
Operating Margin
MLI
MLI
NVT
NVT
Q4 25
17.9%
15.4%
Q3 25
25.6%
15.8%
Q2 25
26.7%
16.3%
Q1 25
20.6%
16.1%
Q4 24
18.4%
14.3%
Q3 24
20.7%
17.0%
Q2 24
21.0%
19.1%
Q1 24
21.6%
18.2%
Net Margin
MLI
MLI
NVT
NVT
Q4 25
16.0%
11.1%
Q3 25
19.3%
11.5%
Q2 25
21.6%
11.4%
Q1 25
15.7%
44.6%
Q4 24
14.9%
2.3%
Q3 24
16.9%
13.4%
Q2 24
16.1%
12.6%
Q1 24
16.3%
12.0%
EPS (diluted)
MLI
MLI
NVT
NVT
Q4 25
$1.37
$0.74
Q3 25
$1.88
$0.74
Q2 25
$2.22
$0.67
Q1 25
$1.39
$2.16
Q4 24
$1.21
$0.07
Q3 24
$1.48
$0.62
Q2 24
$1.41
$0.66
Q1 24
$1.21
$0.62

Balance Sheet & Financial Strength

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

Metric
MLI
MLI
NVT
NVT
Cash + ST InvestmentsLiquidity on hand
$1.4B
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$3.2B
$3.7B
Total Assets
$3.7B
$6.9B
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLI
MLI
NVT
NVT
Q4 25
$1.4B
Q3 25
$1.3B
Q2 25
$1.1B
Q1 25
$873.6M
Q4 24
$1.1B
Q3 24
$969.6M
Q2 24
$825.7M
Q1 24
$1.4B
Total Debt
MLI
MLI
NVT
NVT
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$2.2B
Q3 24
$2.3B
Q2 24
$1.8B
Q1 24
$1.8B
Stockholders' Equity
MLI
MLI
NVT
NVT
Q4 25
$3.2B
$3.7B
Q3 25
$3.1B
$3.6B
Q2 25
$2.9B
$3.5B
Q1 25
$2.7B
$3.6B
Q4 24
$2.8B
$3.2B
Q3 24
$2.7B
$3.3B
Q2 24
$2.5B
$3.3B
Q1 24
$2.4B
$3.2B
Total Assets
MLI
MLI
NVT
NVT
Q4 25
$3.7B
$6.9B
Q3 25
$3.7B
$6.8B
Q2 25
$3.5B
$6.7B
Q1 25
$3.2B
$6.7B
Q4 24
$3.3B
$6.7B
Q3 24
$3.2B
$6.9B
Q2 24
$3.1B
$6.2B
Q1 24
$2.9B
$6.2B
Debt / Equity
MLI
MLI
NVT
NVT
Q4 25
0.42×
Q3 25
0.44×
Q2 25
0.50×
Q1 25
0.49×
Q4 24
0.67×
Q3 24
0.69×
Q2 24
0.54×
Q1 24
0.55×

Cash Flow & Capital Efficiency

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

Metric
MLI
MLI
NVT
NVT
Operating Cash FlowLast quarter
$141.2M
$202.4M
Free Cash FlowOCF − Capex
$121.4M
$165.7M
FCF MarginFCF / Revenue
12.6%
15.5%
Capex IntensityCapex / Revenue
2.1%
3.4%
Cash ConversionOCF / Net Profit
0.92×
1.70×
TTM Free Cash FlowTrailing 4 quarters
$686.6M
$371.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLI
MLI
NVT
NVT
Q4 25
$141.2M
$202.4M
Q3 25
$310.1M
$219.5M
Q2 25
$190.6M
$-16.9M
Q1 25
$113.6M
$60.2M
Q4 24
$140.1M
$224.6M
Q3 24
$231.4M
$197.7M
Q2 24
$100.8M
$130.8M
Q1 24
$173.6M
$90.0M
Free Cash Flow
MLI
MLI
NVT
NVT
Q4 25
$121.4M
$165.7M
Q3 25
$291.8M
$200.9M
Q2 25
$176.5M
$-33.8M
Q1 25
$97.0M
$39.1M
Q4 24
$111.2M
$198.1M
Q3 24
$205.7M
$184.8M
Q2 24
$91.6M
$112.3M
Q1 24
$157.2M
$73.9M
FCF Margin
MLI
MLI
NVT
NVT
Q4 25
12.6%
15.5%
Q3 25
27.1%
19.1%
Q2 25
15.5%
-3.5%
Q1 25
9.7%
4.8%
Q4 24
12.0%
42.2%
Q3 24
20.6%
23.6%
Q2 24
9.2%
12.8%
Q1 24
18.5%
8.4%
Capex Intensity
MLI
MLI
NVT
NVT
Q4 25
2.1%
3.4%
Q3 25
1.7%
1.8%
Q2 25
1.2%
1.8%
Q1 25
1.7%
2.6%
Q4 24
3.1%
5.6%
Q3 24
2.6%
1.6%
Q2 24
0.9%
2.1%
Q1 24
1.9%
1.8%
Cash Conversion
MLI
MLI
NVT
NVT
Q4 25
0.92×
1.70×
Q3 25
1.49×
1.81×
Q2 25
0.78×
-0.15×
Q1 25
0.72×
0.17×
Q4 24
1.02×
20.99×
Q3 24
1.37×
1.88×
Q2 24
0.63×
1.18×
Q1 24
1.25×
0.86×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

NVT
NVT

Industrial Sector$554.0M52%
Electricaland Fastening Solutions Segment$278.0M26%
Energy Sector$235.0M22%

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