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Side-by-side financial comparison of MILLER INDUSTRIES INC (MLR) and Oncology Institute, Inc. (TOI). Click either name above to swap in a different company.

MILLER INDUSTRIES INC is the larger business by last-quarter revenue ($171.9M vs $142.0M, roughly 1.2× Oncology Institute, Inc.). On growth, Oncology Institute, Inc. posted the faster year-over-year revenue change (41.6% vs -22.5%). MILLER INDUSTRIES INC produced more free cash flow last quarter ($43.8M vs $2.2M). Over the past eight quarters, Oncology Institute, Inc.'s revenue compounded faster (22.5% 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...

Oncology Institute, Inc. is a specialized healthcare enterprise focused on delivering patient-centric, evidence-based oncology care services, including advanced treatment regimens, clinical trial access, and supportive care programs. It primarily operates across the United States, serving patients with diverse cancer diagnoses and partnering with care teams to improve treatment outcomes.

MLR vs TOI — Head-to-Head

Bigger by revenue
MLR
MLR
1.2× larger
MLR
$171.9M
$142.0M
TOI
Growing faster (revenue YoY)
TOI
TOI
+64.1% gap
TOI
41.6%
-22.5%
MLR
More free cash flow
MLR
MLR
$41.6M more FCF
MLR
$43.8M
$2.2M
TOI
Faster 2-yr revenue CAGR
TOI
TOI
Annualised
TOI
22.5%
-29.9%
MLR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MLR
MLR
TOI
TOI
Revenue
$171.9M
$142.0M
Net Profit
$-7.5M
Gross Margin
15.4%
Operating Margin
2.9%
-4.9%
Net Margin
-5.3%
Revenue YoY
-22.5%
41.6%
Net Profit YoY
43.0%
EPS (diluted)
$0.29
$-0.04

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
TOI
TOI
Q4 25
$171.9M
$142.0M
Q3 25
$178.7M
$136.6M
Q2 25
$214.0M
$119.8M
Q1 25
$225.7M
$104.4M
Q4 24
$221.9M
$100.3M
Q3 24
$314.3M
$99.9M
Q2 24
$371.5M
$98.6M
Q1 24
$349.9M
$94.7M
Net Profit
MLR
MLR
TOI
TOI
Q4 25
$-7.5M
Q3 25
$3.1M
$-16.5M
Q2 25
$8.5M
$-17.0M
Q1 25
$8.1M
$-19.6M
Q4 24
$-13.2M
Q3 24
$15.4M
$-16.1M
Q2 24
$20.5M
$-15.5M
Q1 24
$17.0M
$-19.9M
Gross Margin
MLR
MLR
TOI
TOI
Q4 25
15.4%
Q3 25
14.2%
Q2 25
16.2%
Q1 25
15.0%
Q4 24
15.1%
Q3 24
13.4%
Q2 24
13.8%
Q1 24
12.6%
Operating Margin
MLR
MLR
TOI
TOI
Q4 25
2.9%
-4.9%
Q3 25
2.4%
-5.9%
Q2 25
5.3%
-9.4%
Q1 25
4.8%
-9.5%
Q4 24
5.7%
-11.9%
Q3 24
6.3%
-13.9%
Q2 24
7.1%
-16.6%
Q1 24
6.1%
-19.0%
Net Margin
MLR
MLR
TOI
TOI
Q4 25
-5.3%
Q3 25
1.7%
-12.1%
Q2 25
4.0%
-14.2%
Q1 25
3.6%
-18.8%
Q4 24
-13.1%
Q3 24
4.9%
-16.1%
Q2 24
5.5%
-15.7%
Q1 24
4.9%
-21.0%
EPS (diluted)
MLR
MLR
TOI
TOI
Q4 25
$0.29
$-0.04
Q3 25
$0.27
$-0.14
Q2 25
$0.73
$-0.15
Q1 25
$0.69
$-0.21
Q4 24
$0.89
$-0.14
Q3 24
$1.33
$-0.18
Q2 24
$1.78
$-0.17
Q1 24
$1.47
$-0.22

Balance Sheet & Financial Strength

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

Metric
MLR
MLR
TOI
TOI
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$420.6M
$-15.7M
Total Assets
$589.7M
$164.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLR
MLR
TOI
TOI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$9.9M
Q1 24
$29.8M
Stockholders' Equity
MLR
MLR
TOI
TOI
Q4 25
$420.6M
$-15.7M
Q3 25
$420.7M
$-12.3M
Q2 25
$418.6M
$-9.0M
Q1 25
$406.5M
$5.1M
Q4 24
$401.0M
$3.6M
Q3 24
$395.2M
$15.5M
Q2 24
$379.9M
$29.2M
Q1 24
$362.4M
$41.3M
Total Assets
MLR
MLR
TOI
TOI
Q4 25
$589.7M
$164.7M
Q3 25
$604.3M
$163.6M
Q2 25
$622.9M
$159.8M
Q1 25
$639.7M
$164.0M
Q4 24
$667.0M
$172.7M
Q3 24
$755.3M
$179.2M
Q2 24
$748.2M
$179.6M
Q1 24
$696.5M
$204.5M

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
TOI
TOI
Operating Cash FlowLast quarter
$48.9M
$3.2M
Free Cash FlowOCF − Capex
$43.8M
$2.2M
FCF MarginFCF / Revenue
25.5%
1.5%
Capex IntensityCapex / Revenue
3.0%
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$85.0M
$-27.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLR
MLR
TOI
TOI
Q4 25
$48.9M
$3.2M
Q3 25
$19.9M
$-12.6M
Q2 25
$27.2M
$-10.2M
Q1 25
$2.7M
$-5.0M
Q4 24
$-11.7M
$4.2M
Q3 24
$30.3M
$819.0K
Q2 24
$-10.7M
$-15.7M
Q1 24
$9.0M
$-15.9M
Free Cash Flow
MLR
MLR
TOI
TOI
Q4 25
$43.8M
$2.2M
Q3 25
$18.1M
$-13.2M
Q2 25
$25.6M
$-11.4M
Q1 25
$-2.4M
$-5.3M
Q4 24
$-13.0M
$2.4M
Q3 24
$24.0M
$417.0K
Q2 24
$-13.8M
$-17.5M
Q1 24
$4.3M
$-16.5M
FCF Margin
MLR
MLR
TOI
TOI
Q4 25
25.5%
1.5%
Q3 25
10.1%
-9.7%
Q2 25
11.9%
-9.5%
Q1 25
-1.1%
-5.1%
Q4 24
-5.9%
2.4%
Q3 24
7.6%
0.4%
Q2 24
-3.7%
-17.7%
Q1 24
1.2%
-17.4%
Capex Intensity
MLR
MLR
TOI
TOI
Q4 25
3.0%
0.7%
Q3 25
1.0%
0.4%
Q2 25
0.8%
1.0%
Q1 25
2.3%
0.3%
Q4 24
0.6%
1.8%
Q3 24
2.0%
0.4%
Q2 24
0.8%
1.9%
Q1 24
1.3%
0.6%
Cash Conversion
MLR
MLR
TOI
TOI
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.

Revenue Breakdown by Segment

MLR
MLR

Segment breakdown not available.

TOI
TOI

Other$82.1M58%
Fee For Service$36.3M26%
Capitated Revenue$23.6M17%

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