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

MUELLER INDUSTRIES INC is the larger business by last-quarter revenue ($962.4M vs $503.1M, roughly 1.9× Unity Software Inc.). MUELLER INDUSTRIES INC runs the higher net margin — 16.0% vs -17.9%, a 33.9% gap on every dollar of revenue. On growth, Unity Software Inc. posted the faster year-over-year revenue change (10.1% vs 4.2%). MUELLER INDUSTRIES INC produced more free cash flow last quarter ($121.4M vs $118.7M). Over the past eight quarters, MUELLER INDUSTRIES INC's revenue compounded faster (6.4% CAGR vs 4.5%).

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.

Unity Software Inc. is an American video game software development company based in San Francisco. It was founded in Denmark in 2004 as Over the Edge Entertainment and changed its name in 2007. Unity Technologies is best known for the development of Unity, a licensed game engine used to create video games and other applications.

MLI vs U — Head-to-Head

Bigger by revenue
MLI
MLI
1.9× larger
MLI
$962.4M
$503.1M
U
Growing faster (revenue YoY)
U
U
+5.9% gap
U
10.1%
4.2%
MLI
Higher net margin
MLI
MLI
33.9% more per $
MLI
16.0%
-17.9%
U
More free cash flow
MLI
MLI
$2.7M more FCF
MLI
$121.4M
$118.7M
U
Faster 2-yr revenue CAGR
MLI
MLI
Annualised
MLI
6.4%
4.5%
U

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MLI
MLI
U
U
Revenue
$962.4M
$503.1M
Net Profit
$153.7M
$-90.0M
Gross Margin
74.3%
Operating Margin
17.9%
-21.2%
Net Margin
16.0%
-17.9%
Revenue YoY
4.2%
10.1%
Net Profit YoY
11.7%
26.7%
EPS (diluted)
$1.37
$-0.21

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
U
U
Q4 25
$962.4M
$503.1M
Q3 25
$1.1B
$470.6M
Q2 25
$1.1B
$440.9M
Q1 25
$1.0B
$435.0M
Q4 24
$923.5M
$457.1M
Q3 24
$997.8M
$446.5M
Q2 24
$997.7M
$449.3M
Q1 24
$849.7M
$460.4M
Net Profit
MLI
MLI
U
U
Q4 25
$153.7M
$-90.0M
Q3 25
$208.1M
$-126.4M
Q2 25
$245.9M
$-108.8M
Q1 25
$157.4M
$-77.6M
Q4 24
$137.7M
$-122.7M
Q3 24
$168.7M
$-124.7M
Q2 24
$160.2M
$-125.6M
Q1 24
$138.4M
$-291.1M
Gross Margin
MLI
MLI
U
U
Q4 25
74.3%
Q3 25
74.4%
Q2 25
74.1%
Q1 25
73.8%
Q4 24
74.7%
Q3 24
27.6%
74.9%
Q2 24
27.3%
75.8%
Q1 24
28.4%
68.6%
Operating Margin
MLI
MLI
U
U
Q4 25
17.9%
-21.2%
Q3 25
25.6%
-26.7%
Q2 25
26.7%
-26.9%
Q1 25
20.6%
-29.4%
Q4 24
18.4%
-27.1%
Q3 24
20.7%
-28.5%
Q2 24
21.0%
-28.8%
Q1 24
21.6%
-81.4%
Net Margin
MLI
MLI
U
U
Q4 25
16.0%
-17.9%
Q3 25
19.3%
-26.9%
Q2 25
21.6%
-24.7%
Q1 25
15.7%
-17.8%
Q4 24
14.9%
-26.8%
Q3 24
16.9%
-27.9%
Q2 24
16.1%
-28.0%
Q1 24
16.3%
-63.2%
EPS (diluted)
MLI
MLI
U
U
Q4 25
$1.37
$-0.21
Q3 25
$1.88
$-0.30
Q2 25
$2.22
$-0.26
Q1 25
$1.39
$-0.19
Q4 24
$1.21
$-0.30
Q3 24
$1.48
$-0.31
Q2 24
$1.41
$-0.32
Q1 24
$1.21
$-0.75

Balance Sheet & Financial Strength

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

Metric
MLI
MLI
U
U
Cash + ST InvestmentsLiquidity on hand
$1.4B
$2.1B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.2B
$3.2B
Total Assets
$3.7B
$6.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLI
MLI
U
U
Q4 25
$1.4B
$2.1B
Q3 25
$1.3B
$1.9B
Q2 25
$1.1B
$1.7B
Q1 25
$873.6M
$1.5B
Q4 24
$1.1B
$1.5B
Q3 24
$969.6M
$1.4B
Q2 24
$825.7M
$1.3B
Q1 24
$1.4B
$1.2B
Stockholders' Equity
MLI
MLI
U
U
Q4 25
$3.2B
$3.2B
Q3 25
$3.1B
$3.2B
Q2 25
$2.9B
$3.2B
Q1 25
$2.7B
$3.2B
Q4 24
$2.8B
$3.2B
Q3 24
$2.7B
$3.2B
Q2 24
$2.5B
$3.2B
Q1 24
$2.4B
$3.2B
Total Assets
MLI
MLI
U
U
Q4 25
$3.7B
$6.8B
Q3 25
$3.7B
$6.8B
Q2 25
$3.5B
$6.7B
Q1 25
$3.2B
$6.6B
Q4 24
$3.3B
$6.7B
Q3 24
$3.2B
$6.7B
Q2 24
$3.1B
$6.7B
Q1 24
$2.9B
$6.8B

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
U
U
Operating Cash FlowLast quarter
$141.2M
$121.4M
Free Cash FlowOCF − Capex
$121.4M
$118.7M
FCF MarginFCF / Revenue
12.6%
23.6%
Capex IntensityCapex / Revenue
2.1%
0.5%
Cash ConversionOCF / Net Profit
0.92×
TTM Free Cash FlowTrailing 4 quarters
$686.6M
$403.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLI
MLI
U
U
Q4 25
$141.2M
$121.4M
Q3 25
$310.1M
$155.4M
Q2 25
$190.6M
$133.1M
Q1 25
$113.6M
$13.0M
Q4 24
$140.1M
$112.2M
Q3 24
$231.4M
$122.4M
Q2 24
$100.8M
$88.4M
Q1 24
$173.6M
$-7.4M
Free Cash Flow
MLI
MLI
U
U
Q4 25
$121.4M
$118.7M
Q3 25
$291.8M
$151.3M
Q2 25
$176.5M
$126.7M
Q1 25
$97.0M
$7.3M
Q4 24
$111.2M
$105.8M
Q3 24
$205.7M
$115.2M
Q2 24
$91.6M
$79.6M
Q1 24
$157.2M
$-14.6M
FCF Margin
MLI
MLI
U
U
Q4 25
12.6%
23.6%
Q3 25
27.1%
32.1%
Q2 25
15.5%
28.7%
Q1 25
9.7%
1.7%
Q4 24
12.0%
23.1%
Q3 24
20.6%
25.8%
Q2 24
9.2%
17.7%
Q1 24
18.5%
-3.2%
Capex Intensity
MLI
MLI
U
U
Q4 25
2.1%
0.5%
Q3 25
1.7%
0.9%
Q2 25
1.2%
1.5%
Q1 25
1.7%
1.3%
Q4 24
3.1%
1.4%
Q3 24
2.6%
1.6%
Q2 24
0.9%
2.0%
Q1 24
1.9%
1.6%
Cash Conversion
MLI
MLI
U
U
Q4 25
0.92×
Q3 25
1.49×
Q2 25
0.78×
Q1 25
0.72×
Q4 24
1.02×
Q3 24
1.37×
Q2 24
0.63×
Q1 24
1.25×

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%

U
U

Grow Solutions$338.2M67%
Create Solutions$164.9M33%

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