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Side-by-side financial comparison of MILLER INDUSTRIES INC (MLR) and Offerpad Solutions Inc. (OPAD). Click either name above to swap in a different company.

MILLER INDUSTRIES INC is the larger business by last-quarter revenue ($171.9M vs $114.1M, roughly 1.5× Offerpad Solutions Inc.). On growth, MILLER INDUSTRIES INC posted the faster year-over-year revenue change (-22.5% vs -34.5%). Offerpad Solutions Inc. produced more free cash flow last quarter ($65.7M vs $43.8M). Over the past eight quarters, MILLER INDUSTRIES INC's revenue compounded faster (-29.9% CAGR vs -36.8%).

Miller Industries is an American tow truck and towing equipment manufacturing company based in the Chattanooga suburb of Ooltewah, Tennessee. Its primary subsidiary, Miller Industries Towing Equipment Inc., manufactures a variety of light- to heavy-duty wreckers, car carriers, and rotators under several brand names, including Century, Vulcan, Chevron, and Holmes. Miller Industries also operates international brands with Boniface (U.K.) and Jige (France). It is listed on the New York Stock Exc...

Offerpad Solutions Inc is a prominent U.S. proptech firm focused on simplifying residential real estate transactions. Operating under the iBuyer model, it purchases homes directly from sellers, conducts required renovations, and resells properties to buyers. It also provides supporting services including mortgage assistance, title services, and flexible moving options for clients across dozens of U.S. states.

MLR vs OPAD — Head-to-Head

Bigger by revenue
MLR
MLR
1.5× larger
MLR
$171.9M
$114.1M
OPAD
Growing faster (revenue YoY)
MLR
MLR
+12.0% gap
MLR
-22.5%
-34.5%
OPAD
More free cash flow
OPAD
OPAD
$22.0M more FCF
OPAD
$65.7M
$43.8M
MLR
Faster 2-yr revenue CAGR
MLR
MLR
Annualised
MLR
-29.9%
-36.8%
OPAD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MLR
MLR
OPAD
OPAD
Revenue
$171.9M
$114.1M
Net Profit
Gross Margin
15.4%
7.0%
Operating Margin
2.9%
Net Margin
Revenue YoY
-22.5%
-34.5%
Net Profit YoY
49.1%
EPS (diluted)
$0.29

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
MLR
MLR
OPAD
OPAD
Q4 25
$171.9M
$114.1M
Q3 25
$178.7M
$132.7M
Q2 25
$214.0M
$160.3M
Q1 25
$225.7M
$160.7M
Q4 24
$221.9M
$174.3M
Q3 24
$314.3M
$208.1M
Q2 24
$371.5M
$251.1M
Q1 24
$349.9M
$285.4M
Net Profit
MLR
MLR
OPAD
OPAD
Q4 25
Q3 25
$3.1M
$-11.6M
Q2 25
$8.5M
$-10.9M
Q1 25
$8.1M
$-15.1M
Q4 24
$-17.3M
Q3 24
$15.4M
$-13.5M
Q2 24
$20.5M
$-13.8M
Q1 24
$17.0M
$-17.5M
Gross Margin
MLR
MLR
OPAD
OPAD
Q4 25
15.4%
7.0%
Q3 25
14.2%
7.0%
Q2 25
16.2%
8.9%
Q1 25
15.0%
6.5%
Q4 24
15.1%
6.1%
Q3 24
13.4%
8.2%
Q2 24
13.8%
8.7%
Q1 24
12.6%
7.9%
Operating Margin
MLR
MLR
OPAD
OPAD
Q4 25
2.9%
Q3 25
2.4%
-5.1%
Q2 25
5.3%
-4.9%
Q1 25
4.8%
-7.2%
Q4 24
5.7%
-7.8%
Q3 24
6.3%
-4.3%
Q2 24
7.1%
-3.9%
Q1 24
6.1%
-4.8%
Net Margin
MLR
MLR
OPAD
OPAD
Q4 25
Q3 25
1.7%
-8.7%
Q2 25
4.0%
-6.8%
Q1 25
3.6%
-9.4%
Q4 24
-9.9%
Q3 24
4.9%
-6.5%
Q2 24
5.5%
-5.5%
Q1 24
4.9%
-6.1%
EPS (diluted)
MLR
MLR
OPAD
OPAD
Q4 25
$0.29
Q3 25
$0.27
$-0.37
Q2 25
$0.73
$-0.39
Q1 25
$0.69
$-0.55
Q4 24
$0.89
$-0.64
Q3 24
$1.33
$-0.49
Q2 24
$1.78
$-0.50
Q1 24
$1.47
$-0.64

Balance Sheet & Financial Strength

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

Metric
MLR
MLR
OPAD
OPAD
Cash + ST InvestmentsLiquidity on hand
$26.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$420.6M
$38.2M
Total Assets
$589.7M
$154.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLR
MLR
OPAD
OPAD
Q4 25
$26.5M
Q3 25
$31.0M
Q2 25
$22.6M
Q1 25
$30.8M
Q4 24
$43.0M
Q3 24
$48.5M
Q2 24
$56.9M
Q1 24
$68.5M
Stockholders' Equity
MLR
MLR
OPAD
OPAD
Q4 25
$420.6M
$38.2M
Q3 25
$420.7M
$39.9M
Q2 25
$418.6M
$24.5M
Q1 25
$406.5M
$34.2M
Q4 24
$401.0M
$47.7M
Q3 24
$395.2M
$64.7M
Q2 24
$379.9M
$77.6M
Q1 24
$362.4M
$88.1M
Total Assets
MLR
MLR
OPAD
OPAD
Q4 25
$589.7M
$154.8M
Q3 25
$604.3M
$223.5M
Q2 25
$622.9M
$268.0M
Q1 25
$639.7M
$274.5M
Q4 24
$667.0M
$313.1M
Q3 24
$755.3M
$338.5M
Q2 24
$748.2M
$406.6M
Q1 24
$696.5M
$369.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MLR
MLR
OPAD
OPAD
Operating Cash FlowLast quarter
$48.9M
$66.8M
Free Cash FlowOCF − Capex
$43.8M
$65.7M
FCF MarginFCF / Revenue
25.5%
57.6%
Capex IntensityCapex / Revenue
3.0%
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$85.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLR
MLR
OPAD
OPAD
Q4 25
$48.9M
$66.8M
Q3 25
$19.9M
$40.0M
Q2 25
$27.2M
$-13.5M
Q1 25
$2.7M
$-10.2M
Q4 24
$-11.7M
$20.8M
Q3 24
$30.3M
$39.6M
Q2 24
$-10.7M
$-54.4M
Q1 24
$9.0M
$2.4M
Free Cash Flow
MLR
MLR
OPAD
OPAD
Q4 25
$43.8M
$65.7M
Q3 25
$18.1M
Q2 25
$25.6M
$-13.6M
Q1 25
$-2.4M
$-11.2M
Q4 24
$-13.0M
$15.4M
Q3 24
$24.0M
$38.7M
Q2 24
$-13.8M
$-54.4M
Q1 24
$4.3M
$2.0M
FCF Margin
MLR
MLR
OPAD
OPAD
Q4 25
25.5%
57.6%
Q3 25
10.1%
Q2 25
11.9%
-8.5%
Q1 25
-1.1%
-7.0%
Q4 24
-5.9%
8.9%
Q3 24
7.6%
18.6%
Q2 24
-3.7%
-21.7%
Q1 24
1.2%
0.7%
Capex Intensity
MLR
MLR
OPAD
OPAD
Q4 25
3.0%
0.9%
Q3 25
1.0%
0.0%
Q2 25
0.8%
0.1%
Q1 25
2.3%
0.6%
Q4 24
0.6%
3.1%
Q3 24
2.0%
0.4%
Q2 24
0.8%
0.0%
Q1 24
1.3%
0.1%
Cash Conversion
MLR
MLR
OPAD
OPAD
Q4 25
Q3 25
6.46×
Q2 25
3.22×
Q1 25
0.34×
Q4 24
Q3 24
1.96×
Q2 24
-0.52×
Q1 24
0.53×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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