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

Skyworks Solutions is the larger business by last-quarter revenue ($1.0B vs $962.4M, roughly 1.1× MUELLER INDUSTRIES INC). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs 7.6%, a 8.3% gap on every dollar of revenue. On growth, Skyworks Solutions posted the faster year-over-year revenue change (8.6% vs 4.2%). Skyworks Solutions produced more free cash flow last quarter ($339.0M vs $121.4M). Over the past eight quarters, MUELLER INDUSTRIES INC's revenue compounded faster (6.4% CAGR vs -0.5%).

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.

Skyworks Solutions, Inc. is an American semiconductor company headquartered in Irvine, California, United States. The company's shares are listed on the Nasdaq Global Select Market under the ticker symbol SWKS and is a constituent of the S&P 500.

MLI vs SWKS — Head-to-Head

Bigger by revenue
SWKS
SWKS
1.1× larger
SWKS
$1.0B
$962.4M
MLI
Growing faster (revenue YoY)
SWKS
SWKS
+4.4% gap
SWKS
8.6%
4.2%
MLI
Higher net margin
MLI
MLI
8.3% more per $
MLI
16.0%
7.6%
SWKS
More free cash flow
SWKS
SWKS
$217.6M more FCF
SWKS
$339.0M
$121.4M
MLI
Faster 2-yr revenue CAGR
MLI
MLI
Annualised
MLI
6.4%
-0.5%
SWKS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MLI
MLI
SWKS
SWKS
Revenue
$962.4M
$1.0B
Net Profit
$153.7M
$79.2M
Gross Margin
41.3%
Operating Margin
17.9%
10.0%
Net Margin
16.0%
7.6%
Revenue YoY
4.2%
8.6%
Net Profit YoY
11.7%
15.3%
EPS (diluted)
$1.37
$0.53

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
SWKS
SWKS
Q1 26
$1.0B
Q4 25
$962.4M
$1.1B
Q3 25
$1.1B
Q2 25
$1.1B
$965.0M
Q1 25
$1.0B
$953.2M
Q4 24
$923.5M
$1.1B
Q3 24
$997.8M
$1.0B
Q2 24
$997.7M
$905.5M
Net Profit
MLI
MLI
SWKS
SWKS
Q1 26
$79.2M
Q4 25
$153.7M
$141.4M
Q3 25
$208.1M
Q2 25
$245.9M
$105.0M
Q1 25
$157.4M
$68.7M
Q4 24
$137.7M
$162.0M
Q3 24
$168.7M
$60.5M
Q2 24
$160.2M
$120.9M
Gross Margin
MLI
MLI
SWKS
SWKS
Q1 26
41.3%
Q4 25
40.7%
Q3 25
Q2 25
41.6%
Q1 25
41.1%
Q4 24
41.4%
Q3 24
27.6%
41.9%
Q2 24
27.3%
40.2%
Operating Margin
MLI
MLI
SWKS
SWKS
Q1 26
10.0%
Q4 25
17.9%
10.1%
Q3 25
25.6%
Q2 25
26.7%
11.5%
Q1 25
20.6%
10.2%
Q4 24
18.4%
16.9%
Q3 24
20.7%
5.8%
Q2 24
21.0%
14.4%
Net Margin
MLI
MLI
SWKS
SWKS
Q1 26
7.6%
Q4 25
16.0%
12.9%
Q3 25
19.3%
Q2 25
21.6%
10.9%
Q1 25
15.7%
7.2%
Q4 24
14.9%
15.2%
Q3 24
16.9%
5.9%
Q2 24
16.1%
13.4%
EPS (diluted)
MLI
MLI
SWKS
SWKS
Q1 26
$0.53
Q4 25
$1.37
$0.95
Q3 25
$1.88
Q2 25
$2.22
$0.70
Q1 25
$1.39
$0.43
Q4 24
$1.21
$1.00
Q3 24
$1.48
$0.36
Q2 24
$1.41
$0.75

Balance Sheet & Financial Strength

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

Metric
MLI
MLI
SWKS
SWKS
Cash + ST InvestmentsLiquidity on hand
$1.4B
$1.6B
Total DebtLower is stronger
$496.6M
Stockholders' EquityBook value
$3.2B
$5.8B
Total Assets
$3.7B
$7.9B
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLI
MLI
SWKS
SWKS
Q1 26
$1.6B
Q4 25
$1.4B
$1.4B
Q3 25
$1.3B
Q2 25
$1.1B
$1.3B
Q1 25
$873.6M
$1.5B
Q4 24
$1.1B
$1.7B
Q3 24
$969.6M
$1.6B
Q2 24
$825.7M
$1.3B
Total Debt
MLI
MLI
SWKS
SWKS
Q1 26
$496.6M
Q4 25
$496.4M
Q3 25
Q2 25
$496.2M
Q1 25
$995.1M
Q4 24
$994.7M
Q3 24
$994.3M
Q2 24
$994.0M
Stockholders' Equity
MLI
MLI
SWKS
SWKS
Q1 26
$5.8B
Q4 25
$3.2B
$5.8B
Q3 25
$3.1B
Q2 25
$2.9B
$5.7B
Q1 25
$2.7B
$5.9B
Q4 24
$2.8B
$6.4B
Q3 24
$2.7B
$6.3B
Q2 24
$2.5B
$6.3B
Total Assets
MLI
MLI
SWKS
SWKS
Q1 26
$7.9B
Q4 25
$3.7B
$7.9B
Q3 25
$3.7B
Q2 25
$3.5B
$7.7B
Q1 25
$3.2B
$7.9B
Q4 24
$3.3B
$8.3B
Q3 24
$3.2B
$8.3B
Q2 24
$3.1B
$8.2B
Debt / Equity
MLI
MLI
SWKS
SWKS
Q1 26
0.09×
Q4 25
0.09×
Q3 25
Q2 25
0.09×
Q1 25
0.17×
Q4 24
0.16×
Q3 24
0.16×
Q2 24
0.16×

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
SWKS
SWKS
Operating Cash FlowLast quarter
$141.2M
$395.5M
Free Cash FlowOCF − Capex
$121.4M
$339.0M
FCF MarginFCF / Revenue
12.6%
32.7%
Capex IntensityCapex / Revenue
2.1%
5.5%
Cash ConversionOCF / Net Profit
0.92×
4.99×
TTM Free Cash FlowTrailing 4 quarters
$686.6M
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLI
MLI
SWKS
SWKS
Q1 26
$395.5M
Q4 25
$141.2M
$200.0M
Q3 25
$310.1M
Q2 25
$190.6M
$314.2M
Q1 25
$113.6M
$409.4M
Q4 24
$140.1M
$377.2M
Q3 24
$231.4M
$476.1M
Q2 24
$100.8M
$273.4M
Free Cash Flow
MLI
MLI
SWKS
SWKS
Q1 26
$339.0M
Q4 25
$121.4M
$144.0M
Q3 25
$291.8M
Q2 25
$176.5M
$252.7M
Q1 25
$97.0M
$370.9M
Q4 24
$111.2M
$338.2M
Q3 24
$205.7M
$393.3M
Q2 24
$91.6M
$249.0M
FCF Margin
MLI
MLI
SWKS
SWKS
Q1 26
32.7%
Q4 25
12.6%
13.1%
Q3 25
27.1%
Q2 25
15.5%
26.2%
Q1 25
9.7%
38.9%
Q4 24
12.0%
31.7%
Q3 24
20.6%
38.4%
Q2 24
9.2%
27.5%
Capex Intensity
MLI
MLI
SWKS
SWKS
Q1 26
5.5%
Q4 25
2.1%
5.1%
Q3 25
1.7%
Q2 25
1.2%
6.4%
Q1 25
1.7%
4.0%
Q4 24
3.1%
3.6%
Q3 24
2.6%
8.1%
Q2 24
0.9%
2.7%
Cash Conversion
MLI
MLI
SWKS
SWKS
Q1 26
4.99×
Q4 25
0.92×
1.41×
Q3 25
1.49×
Q2 25
0.78×
2.99×
Q1 25
0.72×
5.96×
Q4 24
1.02×
2.33×
Q3 24
1.37×
7.87×
Q2 24
0.63×
2.26×

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%

SWKS
SWKS

Sales Channel Through Intermediary$915.6M88%
Sales Channel Directly To Consumer$119.8M12%

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