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Side-by-side financial comparison of MUELLER INDUSTRIES INC (MLI) and Organon & Co. (OGN). Click either name above to swap in a different company.

Organon & Co. is the larger business by last-quarter revenue ($1.5B vs $962.4M, roughly 1.6× MUELLER INDUSTRIES INC). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs -13.6%, a 29.6% gap on every dollar of revenue. On growth, MUELLER INDUSTRIES INC posted the faster year-over-year revenue change (4.2% vs -5.3%). MUELLER INDUSTRIES INC produced more free cash flow last quarter ($121.4M vs $96.0M). Over the past eight quarters, MUELLER INDUSTRIES INC's revenue compounded faster (6.4% CAGR vs -3.6%).

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.

Organon & Co. is an American pharmaceutical company headquartered in Jersey City, New Jersey. Organon specializes in the following core therapeutic fields: reproductive medicine, contraception, psychiatry, hormone replacement therapy (HRT), and anesthesia. Organon produces all its products outside of the United States but receives a third of its revenue from the United States.

MLI vs OGN — Head-to-Head

Bigger by revenue
OGN
OGN
1.6× larger
OGN
$1.5B
$962.4M
MLI
Growing faster (revenue YoY)
MLI
MLI
+9.5% gap
MLI
4.2%
-5.3%
OGN
Higher net margin
MLI
MLI
29.6% more per $
MLI
16.0%
-13.6%
OGN
More free cash flow
MLI
MLI
$25.4M more FCF
MLI
$121.4M
$96.0M
OGN
Faster 2-yr revenue CAGR
MLI
MLI
Annualised
MLI
6.4%
-3.6%
OGN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MLI
MLI
OGN
OGN
Revenue
$962.4M
$1.5B
Net Profit
$153.7M
$-205.0M
Gross Margin
49.2%
Operating Margin
17.9%
-9.8%
Net Margin
16.0%
-13.6%
Revenue YoY
4.2%
-5.3%
Net Profit YoY
11.7%
-288.1%
EPS (diluted)
$1.37
$-0.78

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
OGN
OGN
Q4 25
$962.4M
$1.5B
Q3 25
$1.1B
$1.6B
Q2 25
$1.1B
$1.6B
Q1 25
$1.0B
$1.5B
Q4 24
$923.5M
$1.6B
Q3 24
$997.8M
$1.6B
Q2 24
$997.7M
$1.6B
Q1 24
$849.7M
$1.6B
Net Profit
MLI
MLI
OGN
OGN
Q4 25
$153.7M
$-205.0M
Q3 25
$208.1M
$160.0M
Q2 25
$245.9M
$145.0M
Q1 25
$157.4M
$87.0M
Q4 24
$137.7M
$109.0M
Q3 24
$168.7M
$359.0M
Q2 24
$160.2M
$195.0M
Q1 24
$138.4M
$201.0M
Gross Margin
MLI
MLI
OGN
OGN
Q4 25
49.2%
Q3 25
53.5%
Q2 25
54.8%
Q1 25
55.6%
Q4 24
56.3%
Q3 24
27.6%
58.3%
Q2 24
27.3%
58.4%
Q1 24
28.4%
59.0%
Operating Margin
MLI
MLI
OGN
OGN
Q4 25
17.9%
-9.8%
Q3 25
25.6%
15.2%
Q2 25
26.7%
14.4%
Q1 25
20.6%
6.7%
Q4 24
18.4%
8.1%
Q3 24
20.7%
13.1%
Q2 24
21.0%
14.6%
Q1 24
21.6%
14.5%
Net Margin
MLI
MLI
OGN
OGN
Q4 25
16.0%
-13.6%
Q3 25
19.3%
10.0%
Q2 25
21.6%
9.1%
Q1 25
15.7%
5.8%
Q4 24
14.9%
6.8%
Q3 24
16.9%
22.7%
Q2 24
16.1%
12.1%
Q1 24
16.3%
12.4%
EPS (diluted)
MLI
MLI
OGN
OGN
Q4 25
$1.37
$-0.78
Q3 25
$1.88
$0.61
Q2 25
$2.22
$0.56
Q1 25
$1.39
$0.33
Q4 24
$1.21
$0.42
Q3 24
$1.48
$1.38
Q2 24
$1.41
$0.75
Q1 24
$1.21
$0.78

Balance Sheet & Financial Strength

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

Metric
MLI
MLI
OGN
OGN
Cash + ST InvestmentsLiquidity on hand
$1.4B
$574.0M
Total DebtLower is stronger
$8.6B
Stockholders' EquityBook value
$3.2B
$752.0M
Total Assets
$3.7B
$12.9B
Debt / EquityLower = less leverage
11.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLI
MLI
OGN
OGN
Q4 25
$1.4B
$574.0M
Q3 25
$1.3B
$672.0M
Q2 25
$1.1B
$599.0M
Q1 25
$873.6M
$547.0M
Q4 24
$1.1B
$675.0M
Q3 24
$969.6M
$763.0M
Q2 24
$825.7M
$704.0M
Q1 24
$1.4B
$575.0M
Total Debt
MLI
MLI
OGN
OGN
Q4 25
$8.6B
Q3 25
$8.8B
Q2 25
$8.9B
Q1 25
$9.0B
Q4 24
$8.9B
Q3 24
$8.7B
Q2 24
$8.7B
Q1 24
$8.7B
Stockholders' Equity
MLI
MLI
OGN
OGN
Q4 25
$3.2B
$752.0M
Q3 25
$3.1B
$906.0M
Q2 25
$2.9B
$733.0M
Q1 25
$2.7B
$542.0M
Q4 24
$2.8B
$472.0M
Q3 24
$2.7B
$493.0M
Q2 24
$2.5B
$144.0M
Q1 24
$2.4B
$48.0M
Total Assets
MLI
MLI
OGN
OGN
Q4 25
$3.7B
$12.9B
Q3 25
$3.7B
$13.6B
Q2 25
$3.5B
$13.5B
Q1 25
$3.2B
$13.2B
Q4 24
$3.3B
$13.1B
Q3 24
$3.2B
$12.8B
Q2 24
$3.1B
$12.2B
Q1 24
$2.9B
$11.9B
Debt / Equity
MLI
MLI
OGN
OGN
Q4 25
11.49×
Q3 25
9.74×
Q2 25
12.14×
Q1 25
16.52×
Q4 24
18.81×
Q3 24
17.75×
Q2 24
60.11×
Q1 24
181.54×

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
OGN
OGN
Operating Cash FlowLast quarter
$141.2M
$141.0M
Free Cash FlowOCF − Capex
$121.4M
$96.0M
FCF MarginFCF / Revenue
12.6%
6.4%
Capex IntensityCapex / Revenue
2.1%
3.0%
Cash ConversionOCF / Net Profit
0.92×
TTM Free Cash FlowTrailing 4 quarters
$686.6M
$538.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLI
MLI
OGN
OGN
Q4 25
$141.2M
$141.0M
Q3 25
$310.1M
$264.0M
Q2 25
$190.6M
$220.0M
Q1 25
$113.6M
$75.0M
Q4 24
$140.1M
$390.0M
Q3 24
$231.4M
$141.0M
Q2 24
$100.8M
$332.0M
Q1 24
$173.6M
$76.0M
Free Cash Flow
MLI
MLI
OGN
OGN
Q4 25
$121.4M
$96.0M
Q3 25
$291.8M
$218.0M
Q2 25
$176.5M
$181.0M
Q1 25
$97.0M
$43.0M
Q4 24
$111.2M
$335.0M
Q3 24
$205.7M
$99.0M
Q2 24
$91.6M
$300.0M
Q1 24
$157.2M
$30.0M
FCF Margin
MLI
MLI
OGN
OGN
Q4 25
12.6%
6.4%
Q3 25
27.1%
13.6%
Q2 25
15.5%
11.4%
Q1 25
9.7%
2.8%
Q4 24
12.0%
21.0%
Q3 24
20.6%
6.3%
Q2 24
9.2%
18.7%
Q1 24
18.5%
1.8%
Capex Intensity
MLI
MLI
OGN
OGN
Q4 25
2.1%
3.0%
Q3 25
1.7%
2.9%
Q2 25
1.2%
2.4%
Q1 25
1.7%
2.1%
Q4 24
3.1%
3.5%
Q3 24
2.6%
2.7%
Q2 24
0.9%
2.0%
Q1 24
1.9%
2.8%
Cash Conversion
MLI
MLI
OGN
OGN
Q4 25
0.92×
Q3 25
1.49×
1.65×
Q2 25
0.78×
1.52×
Q1 25
0.72×
0.86×
Q4 24
1.02×
3.58×
Q3 24
1.37×
0.39×
Q2 24
0.63×
1.70×
Q1 24
1.25×
0.38×

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%

OGN
OGN

Segment breakdown not available.

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