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

WEBTOON Entertainment Inc. is the larger business by last-quarter revenue ($330.7M vs $171.9M, roughly 1.9× MILLER INDUSTRIES INC). MILLER INDUSTRIES INC produced more free cash flow last quarter ($43.8M vs $7.0M).

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...

Webtoon is a South Korean-American webtoon platform launched in 2004 by Naver Corporation, providing hosting for webtoons and compact digital comics. The platform, controlled by Naver and the Naver-SoftBank Group joint venture LY Corporation through a Delaware-domiciled, Los Angeles, California-headquartered holding company Webtoon Entertainment Inc., is free and can be found both on the web at Webtoons.com and on mobile devices available for both Android and iOS.

MLR vs WBTN — Head-to-Head

Bigger by revenue
WBTN
WBTN
1.9× larger
WBTN
$330.7M
$171.9M
MLR
More free cash flow
MLR
MLR
$36.8M more FCF
MLR
$43.8M
$7.0M
WBTN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MLR
MLR
WBTN
WBTN
Revenue
$171.9M
$330.7M
Net Profit
$-307.6M
Gross Margin
15.4%
24.3%
Operating Margin
2.9%
-4.0%
Net Margin
-93.0%
Revenue YoY
-22.5%
Net Profit YoY
EPS (diluted)
$0.29
$-2.37

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
WBTN
WBTN
Q4 25
$171.9M
$330.7M
Q3 25
$178.7M
$378.0M
Q2 25
$214.0M
$348.3M
Q1 25
$225.7M
$325.7M
Q4 24
$221.9M
Q3 24
$314.3M
$347.9M
Q2 24
$371.5M
$321.0M
Q1 24
$349.9M
Net Profit
MLR
MLR
WBTN
WBTN
Q4 25
$-307.6M
Q3 25
$3.1M
$-11.6M
Q2 25
$8.5M
$-4.3M
Q1 25
$8.1M
$-22.4M
Q4 24
Q3 24
$15.4M
$19.8M
Q2 24
$20.5M
$-76.9M
Q1 24
$17.0M
Gross Margin
MLR
MLR
WBTN
WBTN
Q4 25
15.4%
24.3%
Q3 25
14.2%
21.9%
Q2 25
16.2%
25.1%
Q1 25
15.0%
22.0%
Q4 24
15.1%
Q3 24
13.4%
26.3%
Q2 24
13.8%
25.9%
Q1 24
12.6%
Operating Margin
MLR
MLR
WBTN
WBTN
Q4 25
2.9%
-4.0%
Q3 25
2.4%
-3.9%
Q2 25
5.3%
-2.5%
Q1 25
4.8%
-8.2%
Q4 24
5.7%
Q3 24
6.3%
-2.3%
Q2 24
7.1%
-24.6%
Q1 24
6.1%
Net Margin
MLR
MLR
WBTN
WBTN
Q4 25
-93.0%
Q3 25
1.7%
-3.1%
Q2 25
4.0%
-1.2%
Q1 25
3.6%
-6.9%
Q4 24
Q3 24
4.9%
5.7%
Q2 24
5.5%
-24.0%
Q1 24
4.9%
EPS (diluted)
MLR
MLR
WBTN
WBTN
Q4 25
$0.29
$-2.37
Q3 25
$0.27
$-0.09
Q2 25
$0.73
$-0.03
Q1 25
$0.69
$-0.17
Q4 24
$0.89
Q3 24
$1.33
$0.15
Q2 24
$1.78
$-0.70
Q1 24
$1.47

Balance Sheet & Financial Strength

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

Metric
MLR
MLR
WBTN
WBTN
Cash + ST InvestmentsLiquidity on hand
$581.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$420.6M
$1.2B
Total Assets
$589.7M
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLR
MLR
WBTN
WBTN
Q4 25
$581.8M
Q3 25
$584.6M
Q2 25
$581.5M
Q1 25
$550.1M
Q4 24
Q3 24
$585.5M
Q2 24
$572.3M
Q1 24
Stockholders' Equity
MLR
MLR
WBTN
WBTN
Q4 25
$420.6M
$1.2B
Q3 25
$420.7M
$1.5B
Q2 25
$418.6M
$1.5B
Q1 25
$406.5M
$1.5B
Q4 24
$401.0M
Q3 24
$395.2M
$1.6B
Q2 24
$379.9M
$1.5B
Q1 24
$362.4M
Total Assets
MLR
MLR
WBTN
WBTN
Q4 25
$589.7M
$1.6B
Q3 25
$604.3M
$2.0B
Q2 25
$622.9M
$2.0B
Q1 25
$639.7M
$1.9B
Q4 24
$667.0M
Q3 24
$755.3M
$2.1B
Q2 24
$748.2M
$2.0B
Q1 24
$696.5M

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
WBTN
WBTN
Operating Cash FlowLast quarter
$48.9M
$7.6M
Free Cash FlowOCF − Capex
$43.8M
$7.0M
FCF MarginFCF / Revenue
25.5%
2.1%
Capex IntensityCapex / Revenue
3.0%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$85.0M
$3.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLR
MLR
WBTN
WBTN
Q4 25
$48.9M
$7.6M
Q3 25
$19.9M
$16.5M
Q2 25
$27.2M
$5.7M
Q1 25
$2.7M
$-18.7M
Q4 24
$-11.7M
Q3 24
$30.3M
$4.1M
Q2 24
$-10.7M
Q1 24
$9.0M
Free Cash Flow
MLR
MLR
WBTN
WBTN
Q4 25
$43.8M
$7.0M
Q3 25
$18.1M
$11.8M
Q2 25
$25.6M
$3.9M
Q1 25
$-2.4M
$-19.2M
Q4 24
$-13.0M
Q3 24
$24.0M
$3.5M
Q2 24
$-13.8M
Q1 24
$4.3M
FCF Margin
MLR
MLR
WBTN
WBTN
Q4 25
25.5%
2.1%
Q3 25
10.1%
3.1%
Q2 25
11.9%
1.1%
Q1 25
-1.1%
-5.9%
Q4 24
-5.9%
Q3 24
7.6%
1.0%
Q2 24
-3.7%
Q1 24
1.2%
Capex Intensity
MLR
MLR
WBTN
WBTN
Q4 25
3.0%
0.2%
Q3 25
1.0%
1.2%
Q2 25
0.8%
0.5%
Q1 25
2.3%
0.2%
Q4 24
0.6%
Q3 24
2.0%
0.2%
Q2 24
0.8%
Q1 24
1.3%
Cash Conversion
MLR
MLR
WBTN
WBTN
Q4 25
Q3 25
6.46×
Q2 25
3.22×
Q1 25
0.34×
Q4 24
Q3 24
1.96×
0.21×
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.

WBTN
WBTN

Other$158.3M48%
KR$125.7M38%
IP Adaptations$25.4M8%
Related Party$21.3M6%

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