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

MUELLER INDUSTRIES INC is the larger business by last-quarter revenue ($962.4M vs $531.4M, roughly 1.8× PJT Partners Inc.). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs 10.0%, a 5.9% gap on every dollar of revenue. On growth, PJT Partners Inc. posted the faster year-over-year revenue change (12.9% vs 4.2%). PJT Partners Inc. produced more free cash flow last quarter ($138.6M vs $121.4M). Over the past eight quarters, PJT Partners Inc.'s revenue compounded faster (27.5% 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.

PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.

MLI vs PJT — Head-to-Head

Bigger by revenue
MLI
MLI
1.8× larger
MLI
$962.4M
$531.4M
PJT
Growing faster (revenue YoY)
PJT
PJT
+8.7% gap
PJT
12.9%
4.2%
MLI
Higher net margin
MLI
MLI
5.9% more per $
MLI
16.0%
10.0%
PJT
More free cash flow
PJT
PJT
$17.2M more FCF
PJT
$138.6M
$121.4M
MLI
Faster 2-yr revenue CAGR
PJT
PJT
Annualised
PJT
27.5%
6.4%
MLI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MLI
MLI
PJT
PJT
Revenue
$962.4M
$531.4M
Net Profit
$153.7M
$53.4M
Gross Margin
Operating Margin
17.9%
23.1%
Net Margin
16.0%
10.0%
Revenue YoY
4.2%
12.9%
Net Profit YoY
11.7%
4.0%
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
MLI
MLI
PJT
PJT
Q4 25
$962.4M
$531.4M
Q3 25
$1.1B
$442.3M
Q2 25
$1.1B
$401.1M
Q1 25
$1.0B
$321.9M
Q4 24
$923.5M
$470.5M
Q3 24
$997.8M
$320.3M
Q2 24
$997.7M
$358.1M
Q1 24
$849.7M
$327.1M
Net Profit
MLI
MLI
PJT
PJT
Q4 25
$153.7M
$53.4M
Q3 25
$208.1M
$39.8M
Q2 25
$245.9M
$32.9M
Q1 25
$157.4M
$54.0M
Q4 24
$137.7M
$51.3M
Q3 24
$168.7M
$22.1M
Q2 24
$160.2M
$28.3M
Q1 24
$138.4M
$32.6M
Gross Margin
MLI
MLI
PJT
PJT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
27.6%
Q2 24
27.3%
Q1 24
28.4%
Operating Margin
MLI
MLI
PJT
PJT
Q4 25
17.9%
23.1%
Q3 25
25.6%
20.6%
Q2 25
26.7%
19.1%
Q1 25
20.6%
16.3%
Q4 24
18.4%
21.9%
Q3 24
20.7%
15.4%
Q2 24
21.0%
18.0%
Q1 24
21.6%
16.5%
Net Margin
MLI
MLI
PJT
PJT
Q4 25
16.0%
10.0%
Q3 25
19.3%
9.0%
Q2 25
21.6%
8.2%
Q1 25
15.7%
16.8%
Q4 24
14.9%
10.9%
Q3 24
16.9%
6.9%
Q2 24
16.1%
7.9%
Q1 24
16.3%
10.0%
EPS (diluted)
MLI
MLI
PJT
PJT
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
Q1 24
$1.21

Balance Sheet & Financial Strength

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

Metric
MLI
MLI
PJT
PJT
Cash + ST InvestmentsLiquidity on hand
$1.4B
$538.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2B
$308.2M
Total Assets
$3.7B
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLI
MLI
PJT
PJT
Q4 25
$1.4B
$538.9M
Q3 25
$1.3B
$400.5M
Q2 25
$1.1B
$214.6M
Q1 25
$873.6M
$194.3M
Q4 24
$1.1B
$483.9M
Q3 24
$969.6M
$148.8M
Q2 24
$825.7M
$164.2M
Q1 24
$1.4B
$215.5M
Stockholders' Equity
MLI
MLI
PJT
PJT
Q4 25
$3.2B
$308.2M
Q3 25
$3.1B
$228.6M
Q2 25
$2.9B
$167.4M
Q1 25
$2.7B
$148.8M
Q4 24
$2.8B
$187.0M
Q3 24
$2.7B
$159.1M
Q2 24
$2.5B
$133.8M
Q1 24
$2.4B
$174.6M
Total Assets
MLI
MLI
PJT
PJT
Q4 25
$3.7B
$1.8B
Q3 25
$3.7B
$1.7B
Q2 25
$3.5B
$1.5B
Q1 25
$3.2B
$1.4B
Q4 24
$3.3B
$1.6B
Q3 24
$3.2B
$1.6B
Q2 24
$3.1B
$1.4B
Q1 24
$2.9B
$1.3B

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
PJT
PJT
Operating Cash FlowLast quarter
$141.2M
$155.7M
Free Cash FlowOCF − Capex
$121.4M
$138.6M
FCF MarginFCF / Revenue
12.6%
26.1%
Capex IntensityCapex / Revenue
2.1%
3.2%
Cash ConversionOCF / Net Profit
0.92×
2.92×
TTM Free Cash FlowTrailing 4 quarters
$686.6M
$480.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLI
MLI
PJT
PJT
Q4 25
$141.2M
$155.7M
Q3 25
$310.1M
$256.1M
Q2 25
$190.6M
$190.4M
Q1 25
$113.6M
$-75.9M
Q4 24
$140.1M
$195.7M
Q3 24
$231.4M
$180.5M
Q2 24
$100.8M
$193.6M
Q1 24
$173.6M
$-38.8M
Free Cash Flow
MLI
MLI
PJT
PJT
Q4 25
$121.4M
$138.6M
Q3 25
$291.8M
$240.9M
Q2 25
$176.5M
$178.9M
Q1 25
$97.0M
$-77.9M
Q4 24
$111.2M
$195.3M
Q3 24
$205.7M
$178.5M
Q2 24
$91.6M
$193.0M
Q1 24
$157.2M
$-39.2M
FCF Margin
MLI
MLI
PJT
PJT
Q4 25
12.6%
26.1%
Q3 25
27.1%
54.5%
Q2 25
15.5%
44.6%
Q1 25
9.7%
-24.2%
Q4 24
12.0%
41.5%
Q3 24
20.6%
55.7%
Q2 24
9.2%
53.9%
Q1 24
18.5%
-12.0%
Capex Intensity
MLI
MLI
PJT
PJT
Q4 25
2.1%
3.2%
Q3 25
1.7%
3.4%
Q2 25
1.2%
2.9%
Q1 25
1.7%
0.6%
Q4 24
3.1%
0.1%
Q3 24
2.6%
0.6%
Q2 24
0.9%
0.1%
Q1 24
1.9%
0.1%
Cash Conversion
MLI
MLI
PJT
PJT
Q4 25
0.92×
2.92×
Q3 25
1.49×
6.43×
Q2 25
0.78×
5.79×
Q1 25
0.72×
-1.41×
Q4 24
1.02×
3.81×
Q3 24
1.37×
8.15×
Q2 24
0.63×
6.84×
Q1 24
1.25×
-1.19×

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%

PJT
PJT

Segment breakdown not available.

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