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Side-by-side financial comparison of MILLER INDUSTRIES INC (MLR) and REPLIGEN CORP (RGEN). Click either name above to swap in a different company.

REPLIGEN CORP is the larger business by last-quarter revenue ($197.9M vs $171.9M, roughly 1.2× MILLER INDUSTRIES INC). On growth, REPLIGEN CORP posted the faster year-over-year revenue change (13.6% vs -22.5%). MILLER INDUSTRIES INC produced more free cash flow last quarter ($43.8M vs $17.6M). Over the past eight quarters, REPLIGEN CORP's revenue compounded faster (14.4% CAGR vs -29.9%).

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...

Repligen Corporation is a global life sciences company devoted to the development and commercialization of innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs.2025 The company is based in Waltham, Massachusetts,2014 and was incorporated in Delaware in 1981. A public company, Repligen is listed on the NASDAQ exchange under the symbol RGEN. As of 2025, Repligen employs over 1,900 employees globally and serves primarily biop...

MLR vs RGEN — Head-to-Head

Bigger by revenue
RGEN
RGEN
1.2× larger
RGEN
$197.9M
$171.9M
MLR
Growing faster (revenue YoY)
RGEN
RGEN
+36.2% gap
RGEN
13.6%
-22.5%
MLR
More free cash flow
MLR
MLR
$26.2M more FCF
MLR
$43.8M
$17.6M
RGEN
Faster 2-yr revenue CAGR
RGEN
RGEN
Annualised
RGEN
14.4%
-29.9%
MLR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MLR
MLR
RGEN
RGEN
Revenue
$171.9M
$197.9M
Net Profit
$13.3M
Gross Margin
15.4%
52.5%
Operating Margin
2.9%
9.0%
Net Margin
6.7%
Revenue YoY
-22.5%
13.6%
Net Profit YoY
143.9%
EPS (diluted)
$0.29
$0.24

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
RGEN
RGEN
Q4 25
$171.9M
$197.9M
Q3 25
$178.7M
$188.8M
Q2 25
$214.0M
$182.4M
Q1 25
$225.7M
$169.2M
Q4 24
$221.9M
$174.1M
Q3 24
$314.3M
$154.9M
Q2 24
$371.5M
$154.1M
Q1 24
$349.9M
$151.3M
Net Profit
MLR
MLR
RGEN
RGEN
Q4 25
$13.3M
Q3 25
$3.1M
$14.9M
Q2 25
$8.5M
$14.9M
Q1 25
$8.1M
$5.8M
Q4 24
$-30.3M
Q3 24
$15.4M
$-654.0K
Q2 24
$20.5M
$3.3M
Q1 24
$17.0M
$2.1M
Gross Margin
MLR
MLR
RGEN
RGEN
Q4 25
15.4%
52.5%
Q3 25
14.2%
53.2%
Q2 25
16.2%
50.0%
Q1 25
15.0%
53.6%
Q4 24
15.1%
26.1%
Q3 24
13.4%
50.0%
Q2 24
13.8%
49.8%
Q1 24
12.6%
49.5%
Operating Margin
MLR
MLR
RGEN
RGEN
Q4 25
2.9%
9.0%
Q3 25
2.4%
8.9%
Q2 25
5.3%
7.6%
Q1 25
4.8%
3.9%
Q4 24
5.7%
-17.7%
Q3 24
6.3%
-5.1%
Q2 24
7.1%
1.0%
Q1 24
6.1%
1.3%
Net Margin
MLR
MLR
RGEN
RGEN
Q4 25
6.7%
Q3 25
1.7%
7.9%
Q2 25
4.0%
8.2%
Q1 25
3.6%
3.4%
Q4 24
-17.4%
Q3 24
4.9%
-0.4%
Q2 24
5.5%
2.2%
Q1 24
4.9%
1.4%
EPS (diluted)
MLR
MLR
RGEN
RGEN
Q4 25
$0.29
$0.24
Q3 25
$0.27
$0.26
Q2 25
$0.73
$0.26
Q1 25
$0.69
$0.10
Q4 24
$0.89
$-0.55
Q3 24
$1.33
$-0.01
Q2 24
$1.78
$0.06
Q1 24
$1.47
$0.04

Balance Sheet & Financial Strength

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

Metric
MLR
MLR
RGEN
RGEN
Cash + ST InvestmentsLiquidity on hand
$767.6M
Total DebtLower is stronger
$542.2M
Stockholders' EquityBook value
$420.6M
$2.1B
Total Assets
$589.7M
$2.9B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLR
MLR
RGEN
RGEN
Q4 25
$767.6M
Q3 25
$748.7M
Q2 25
$708.9M
Q1 25
$697.2M
Q4 24
$757.4M
Q3 24
$784.0M
Q2 24
$809.1M
Q1 24
$780.6M
Total Debt
MLR
MLR
RGEN
RGEN
Q4 25
$542.2M
Q3 25
$537.9M
Q2 25
Q1 25
Q4 24
$525.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MLR
MLR
RGEN
RGEN
Q4 25
$420.6M
$2.1B
Q3 25
$420.7M
$2.1B
Q2 25
$418.6M
$2.1B
Q1 25
$406.5M
$2.0B
Q4 24
$401.0M
$2.0B
Q3 24
$395.2M
$2.0B
Q2 24
$379.9M
$2.0B
Q1 24
$362.4M
$2.0B
Total Assets
MLR
MLR
RGEN
RGEN
Q4 25
$589.7M
$2.9B
Q3 25
$604.3M
$2.9B
Q2 25
$622.9M
$2.9B
Q1 25
$639.7M
$2.9B
Q4 24
$667.0M
$2.8B
Q3 24
$755.3M
$2.8B
Q2 24
$748.2M
$2.9B
Q1 24
$696.5M
$2.8B
Debt / Equity
MLR
MLR
RGEN
RGEN
Q4 25
0.26×
Q3 25
0.26×
Q2 25
Q1 25
Q4 24
0.27×
Q3 24
Q2 24
Q1 24

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
RGEN
RGEN
Operating Cash FlowLast quarter
$48.9M
$25.7M
Free Cash FlowOCF − Capex
$43.8M
$17.6M
FCF MarginFCF / Revenue
25.5%
8.9%
Capex IntensityCapex / Revenue
3.0%
4.1%
Cash ConversionOCF / Net Profit
1.93×
TTM Free Cash FlowTrailing 4 quarters
$85.0M
$93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLR
MLR
RGEN
RGEN
Q4 25
$48.9M
$25.7M
Q3 25
$19.9M
$48.1M
Q2 25
$27.2M
$28.6M
Q1 25
$2.7M
$15.0M
Q4 24
$-11.7M
$39.2M
Q3 24
$30.3M
$49.3M
Q2 24
$-10.7M
$42.2M
Q1 24
$9.0M
$44.7M
Free Cash Flow
MLR
MLR
RGEN
RGEN
Q4 25
$43.8M
$17.6M
Q3 25
$18.1M
$43.4M
Q2 25
$25.6M
$21.5M
Q1 25
$-2.4M
$11.4M
Q4 24
$-13.0M
$33.6M
Q3 24
$24.0M
$42.3M
Q2 24
$-13.8M
$37.4M
Q1 24
$4.3M
$36.4M
FCF Margin
MLR
MLR
RGEN
RGEN
Q4 25
25.5%
8.9%
Q3 25
10.1%
23.0%
Q2 25
11.9%
11.8%
Q1 25
-1.1%
6.8%
Q4 24
-5.9%
19.3%
Q3 24
7.6%
27.3%
Q2 24
-3.7%
24.3%
Q1 24
1.2%
24.0%
Capex Intensity
MLR
MLR
RGEN
RGEN
Q4 25
3.0%
4.1%
Q3 25
1.0%
2.5%
Q2 25
0.8%
3.9%
Q1 25
2.3%
2.1%
Q4 24
0.6%
3.2%
Q3 24
2.0%
4.5%
Q2 24
0.8%
3.1%
Q1 24
1.3%
5.5%
Cash Conversion
MLR
MLR
RGEN
RGEN
Q4 25
1.93×
Q3 25
6.46×
3.23×
Q2 25
3.22×
1.92×
Q1 25
0.34×
2.57×
Q4 24
Q3 24
1.96×
Q2 24
-0.52×
12.70×
Q1 24
0.53×
21.35×

Financial Flow Comparison

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

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