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Side-by-side financial comparison of MUELLER INDUSTRIES INC (MLI) and OGE ENERGY CORP. (OGE). Click either name above to swap in a different company.

MUELLER INDUSTRIES INC is the larger business by last-quarter revenue ($962.4M vs $701.7M, roughly 1.4× OGE ENERGY CORP.). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs 9.9%, a 6.1% gap on every dollar of revenue. On growth, MUELLER INDUSTRIES INC posted the faster year-over-year revenue change (4.2% vs -5.8%). MUELLER INDUSTRIES INC produced more free cash flow last quarter ($121.4M vs $83.1M). Over the past eight quarters, OGE ENERGY CORP.'s revenue compounded faster (9.7% 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.

Oklahoma Gas & Electric Company is a regulated electric utility company that serves over 843,000 customers in Oklahoma and Arkansas, including 1.5 million people in the Oklahoma City Metropolitan Area. It is the leading subsidiary of OGE Energy Corp., with headquarters in downtown Oklahoma City. OGE Energy is also the former parent of Enogex Inc., a natural gas pipeline business which merged with CenterPoint Energy's midstream business to form Enable Midstream in 2013, in 2021 OGE and CenterP...

MLI vs OGE — Head-to-Head

Bigger by revenue
MLI
MLI
1.4× larger
MLI
$962.4M
$701.7M
OGE
Growing faster (revenue YoY)
MLI
MLI
+10.0% gap
MLI
4.2%
-5.8%
OGE
Higher net margin
MLI
MLI
6.1% more per $
MLI
16.0%
9.9%
OGE
More free cash flow
MLI
MLI
$38.3M more FCF
MLI
$121.4M
$83.1M
OGE
Faster 2-yr revenue CAGR
OGE
OGE
Annualised
OGE
9.7%
6.4%
MLI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MLI
MLI
OGE
OGE
Revenue
$962.4M
$701.7M
Net Profit
$153.7M
$69.2M
Gross Margin
59.2%
Operating Margin
17.9%
19.7%
Net Margin
16.0%
9.9%
Revenue YoY
4.2%
-5.8%
Net Profit YoY
11.7%
-32.1%
EPS (diluted)
$1.37
$0.34

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
OGE
OGE
Q4 25
$962.4M
$701.7M
Q3 25
$1.1B
$1.0B
Q2 25
$1.1B
$719.7M
Q1 25
$1.0B
$741.1M
Q4 24
$923.5M
$744.7M
Q3 24
$997.8M
$945.2M
Q2 24
$997.7M
$644.1M
Q1 24
$849.7M
$582.6M
Net Profit
MLI
MLI
OGE
OGE
Q4 25
$153.7M
$69.2M
Q3 25
$208.1M
$231.3M
Q2 25
$245.9M
$107.5M
Q1 25
$157.4M
$62.7M
Q4 24
$137.7M
$101.9M
Q3 24
$168.7M
$218.7M
Q2 24
$160.2M
$102.3M
Q1 24
$138.4M
$18.6M
Gross Margin
MLI
MLI
OGE
OGE
Q4 25
59.2%
Q3 25
62.2%
Q2 25
63.7%
Q1 25
56.3%
Q4 24
59.7%
Q3 24
27.6%
63.0%
Q2 24
27.3%
69.9%
Q1 24
28.4%
60.1%
Operating Margin
MLI
MLI
OGE
OGE
Q4 25
17.9%
19.7%
Q3 25
25.6%
33.2%
Q2 25
26.7%
25.9%
Q1 25
20.6%
18.0%
Q4 24
18.4%
24.5%
Q3 24
20.7%
33.1%
Q2 24
21.0%
27.3%
Q1 24
21.6%
12.7%
Net Margin
MLI
MLI
OGE
OGE
Q4 25
16.0%
9.9%
Q3 25
19.3%
22.5%
Q2 25
21.6%
14.9%
Q1 25
15.7%
8.5%
Q4 24
14.9%
13.7%
Q3 24
16.9%
23.1%
Q2 24
16.1%
15.9%
Q1 24
16.3%
3.2%
EPS (diluted)
MLI
MLI
OGE
OGE
Q4 25
$1.37
$0.34
Q3 25
$1.88
$1.14
Q2 25
$2.22
$0.53
Q1 25
$1.39
$0.31
Q4 24
$1.21
$0.50
Q3 24
$1.48
$1.09
Q2 24
$1.41
$0.51
Q1 24
$1.21
$0.09

Balance Sheet & Financial Strength

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

Metric
MLI
MLI
OGE
OGE
Cash + ST InvestmentsLiquidity on hand
$1.4B
$200.0K
Total DebtLower is stronger
$5.4B
Stockholders' EquityBook value
$3.2B
$5.0B
Total Assets
$3.7B
$14.4B
Debt / EquityLower = less leverage
1.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLI
MLI
OGE
OGE
Q4 25
$1.4B
$200.0K
Q3 25
$1.3B
$300.0K
Q2 25
$1.1B
$500.0K
Q1 25
$873.6M
$26.9M
Q4 24
$1.1B
$600.0K
Q3 24
$969.6M
$9.9M
Q2 24
$825.7M
$100.0K
Q1 24
$1.4B
$4.3M
Total Debt
MLI
MLI
OGE
OGE
Q4 25
$5.4B
Q3 25
Q2 25
Q1 25
Q4 24
$5.1B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MLI
MLI
OGE
OGE
Q4 25
$3.2B
$5.0B
Q3 25
$3.1B
$4.8B
Q2 25
$2.9B
$4.6B
Q1 25
$2.7B
$4.6B
Q4 24
$2.8B
$4.6B
Q3 24
$2.7B
$4.6B
Q2 24
$2.5B
$4.5B
Q1 24
$2.4B
$4.4B
Total Assets
MLI
MLI
OGE
OGE
Q4 25
$3.7B
$14.4B
Q3 25
$3.7B
$14.3B
Q2 25
$3.5B
$14.1B
Q1 25
$3.2B
$14.0B
Q4 24
$3.3B
$13.7B
Q3 24
$3.2B
$13.5B
Q2 24
$3.1B
$13.2B
Q1 24
$2.9B
$12.9B
Debt / Equity
MLI
MLI
OGE
OGE
Q4 25
1.08×
Q3 25
Q2 25
Q1 25
Q4 24
1.09×
Q3 24
Q2 24
Q1 24

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
OGE
OGE
Operating Cash FlowLast quarter
$141.2M
$384.8M
Free Cash FlowOCF − Capex
$121.4M
$83.1M
FCF MarginFCF / Revenue
12.6%
11.8%
Capex IntensityCapex / Revenue
2.1%
43.0%
Cash ConversionOCF / Net Profit
0.92×
5.56×
TTM Free Cash FlowTrailing 4 quarters
$686.6M
$82.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLI
MLI
OGE
OGE
Q4 25
$141.2M
$384.8M
Q3 25
$310.1M
$397.8M
Q2 25
$190.6M
$338.6M
Q1 25
$113.6M
$15.9M
Q4 24
$140.1M
$129.6M
Q3 24
$231.4M
$347.1M
Q2 24
$100.8M
$253.1M
Q1 24
$173.6M
$83.0M
Free Cash Flow
MLI
MLI
OGE
OGE
Q4 25
$121.4M
$83.1M
Q3 25
$291.8M
$168.3M
Q2 25
$176.5M
$64.9M
Q1 25
$97.0M
$-233.6M
Q4 24
$111.2M
$-167.0M
Q3 24
$205.7M
$103.0M
Q2 24
$91.6M
$-70.2M
Q1 24
$157.2M
$-143.9M
FCF Margin
MLI
MLI
OGE
OGE
Q4 25
12.6%
11.8%
Q3 25
27.1%
16.4%
Q2 25
15.5%
9.0%
Q1 25
9.7%
-31.5%
Q4 24
12.0%
-22.4%
Q3 24
20.6%
10.9%
Q2 24
9.2%
-10.9%
Q1 24
18.5%
-24.7%
Capex Intensity
MLI
MLI
OGE
OGE
Q4 25
2.1%
43.0%
Q3 25
1.7%
22.3%
Q2 25
1.2%
38.0%
Q1 25
1.7%
33.7%
Q4 24
3.1%
39.8%
Q3 24
2.6%
25.8%
Q2 24
0.9%
50.2%
Q1 24
1.9%
38.9%
Cash Conversion
MLI
MLI
OGE
OGE
Q4 25
0.92×
5.56×
Q3 25
1.49×
1.72×
Q2 25
0.78×
3.15×
Q1 25
0.72×
0.25×
Q4 24
1.02×
1.27×
Q3 24
1.37×
1.59×
Q2 24
0.63×
2.47×
Q1 24
1.25×
4.46×

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%

OGE
OGE

Residential$238.0M34%
Commercial$216.6M31%
Public Authority$60.7M9%
Industrial$59.6M8%
Oilfield$56.6M8%
Transmission$38.7M6%
Integrated Market$20.4M3%
Other Contractswith Customers$11.1M2%

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