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Side-by-side financial comparison of MOGU Inc. (MOGU) and NL INDUSTRIES INC (NL). Click either name above to swap in a different company.

NL INDUSTRIES INC is the larger business by last-quarter revenue ($37.7M vs $19.5M, roughly 1.9× MOGU Inc.). MOGU Inc. runs the higher net margin — -44.3% vs -82.2%, a 37.9% gap on every dollar of revenue. On growth, NL INDUSTRIES INC posted the faster year-over-year revenue change (-1.9% vs -12.4%). NL INDUSTRIES INC produced more free cash flow last quarter ($-4.7M vs $-10.7M).

Mogu Mogu is a brand of fruit-flavoured drink with pieces of nata de coco, produced by Thailand-based Sappe Public Company Limited and exported to many international markets, especially South Korea, the Philippines, Indonesia and France.

NL Industries, formerly known as the National Lead Company, is a lead smelting company currently based in Houston, Texas. National Lead was one of the 12 original stocks included in the Dow Jones Industrial Average at the time of its creation on May 26, 1896.

MOGU vs NL — Head-to-Head

Bigger by revenue
NL
NL
1.9× larger
NL
$37.7M
$19.5M
MOGU
Growing faster (revenue YoY)
NL
NL
+10.5% gap
NL
-1.9%
-12.4%
MOGU
Higher net margin
MOGU
MOGU
37.9% more per $
MOGU
-44.3%
-82.2%
NL
More free cash flow
NL
NL
$6.0M more FCF
NL
$-4.7M
$-10.7M
MOGU

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MOGU
MOGU
NL
NL
Revenue
$19.5M
$37.7M
Net Profit
$-8.6M
$-31.0M
Gross Margin
0.0%
32.1%
Operating Margin
-71.6%
7.6%
Net Margin
-44.3%
-82.2%
Revenue YoY
-12.4%
-1.9%
Net Profit YoY
-5.0%
-287.2%
EPS (diluted)
$0.00
$-0.63

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
MOGU
MOGU
NL
NL
Q4 25
$37.7M
Q3 25
$40.0M
Q2 25
$40.4M
Q1 25
$19.5M
$40.3M
Q4 24
$38.4M
Q3 24
$33.7M
Q2 24
$35.9M
Q1 24
$22.2M
$38.0M
Net Profit
MOGU
MOGU
NL
NL
Q4 25
$-31.0M
Q3 25
$-7.9M
Q2 25
$355.0K
Q1 25
$-8.6M
$667.0K
Q4 24
$16.5M
Q3 24
$36.0M
Q2 24
$7.8M
Q1 24
$-8.2M
$6.8M
Gross Margin
MOGU
MOGU
NL
NL
Q4 25
32.1%
Q3 25
27.6%
Q2 25
31.9%
Q1 25
0.0%
30.2%
Q4 24
28.8%
Q3 24
28.1%
Q2 24
31.1%
Q1 24
0.0%
25.5%
Operating Margin
MOGU
MOGU
NL
NL
Q4 25
7.6%
Q3 25
4.6%
Q2 25
6.9%
Q1 25
-71.6%
7.8%
Q4 24
87.7%
Q3 24
6.0%
Q2 24
2.2%
Q1 24
-49.4%
3.6%
Net Margin
MOGU
MOGU
NL
NL
Q4 25
-82.2%
Q3 25
-19.7%
Q2 25
0.9%
Q1 25
-44.3%
1.7%
Q4 24
43.1%
Q3 24
107.0%
Q2 24
21.8%
Q1 24
-37.0%
18.0%
EPS (diluted)
MOGU
MOGU
NL
NL
Q4 25
$-0.63
Q3 25
$-0.16
Q2 25
$0.01
Q1 25
$0.00
$0.01
Q4 24
$0.34
Q3 24
$0.74
Q2 24
$0.16
Q1 24
$0.00
$0.14

Balance Sheet & Financial Strength

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

Metric
MOGU
MOGU
NL
NL
Cash + ST InvestmentsLiquidity on hand
$52.3M
$110.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$70.1M
$358.8M
Total Assets
$118.3M
$464.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MOGU
MOGU
NL
NL
Q4 25
$110.6M
Q3 25
$101.9M
Q2 25
$111.5M
Q1 25
$52.3M
$110.0M
Q4 24
$163.2M
Q3 24
$146.0M
Q2 24
$179.4M
Q1 24
$58.2M
$167.9M
Stockholders' Equity
MOGU
MOGU
NL
NL
Q4 25
$358.8M
Q3 25
$375.4M
Q2 25
$397.6M
Q1 25
$70.1M
$397.6M
Q4 24
$396.9M
Q3 24
$386.0M
Q2 24
$373.1M
Q1 24
$81.5M
$368.1M
Total Assets
MOGU
MOGU
NL
NL
Q4 25
$464.2M
Q3 25
$500.2M
Q2 25
$523.7M
Q1 25
$118.3M
$520.0M
Q4 24
$578.3M
Q3 24
$585.6M
Q2 24
$580.0M
Q1 24
$130.0M
$568.8M

Cash Flow & Capital Efficiency

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

Metric
MOGU
MOGU
NL
NL
Operating Cash FlowLast quarter
$-9.4M
$-4.2M
Free Cash FlowOCF − Capex
$-10.7M
$-4.7M
FCF MarginFCF / Revenue
-55.2%
-12.6%
Capex IntensityCapex / Revenue
7.1%
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-40.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MOGU
MOGU
NL
NL
Q4 25
$-4.2M
Q3 25
$7.9M
Q2 25
$7.3M
Q1 25
$-9.4M
$-47.5M
Q4 24
$9.0M
Q3 24
$-5.7M
Q2 24
$15.5M
Q1 24
$-5.6M
$6.7M
Free Cash Flow
MOGU
MOGU
NL
NL
Q4 25
$-4.7M
Q3 25
$7.0M
Q2 25
$5.9M
Q1 25
$-10.7M
$-48.3M
Q4 24
$8.7M
Q3 24
$-6.1M
Q2 24
$15.1M
Q1 24
$-18.6M
$6.4M
FCF Margin
MOGU
MOGU
NL
NL
Q4 25
-12.6%
Q3 25
17.4%
Q2 25
14.7%
Q1 25
-55.2%
-119.9%
Q4 24
22.8%
Q3 24
-18.3%
Q2 24
42.1%
Q1 24
-84.0%
17.0%
Capex Intensity
MOGU
MOGU
NL
NL
Q4 25
1.6%
Q3 25
2.5%
Q2 25
3.3%
Q1 25
7.1%
2.0%
Q4 24
0.6%
Q3 24
1.4%
Q2 24
1.2%
Q1 24
58.7%
0.8%
Cash Conversion
MOGU
MOGU
NL
NL
Q4 25
Q3 25
Q2 25
20.53×
Q1 25
-71.18×
Q4 24
0.54×
Q3 24
-0.16×
Q2 24
1.98×
Q1 24
0.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MOGU
MOGU

Segment breakdown not available.

NL
NL

Security Products$29.5M78%
Marine Components$8.2M22%

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