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Side-by-side financial comparison of Mueller Water Products, Inc. (MWA) and Tempus AI, Inc. (TEM). Click either name above to swap in a different company.

Tempus AI, Inc. is the larger business by last-quarter revenue ($367.2M vs $318.2M, roughly 1.2× Mueller Water Products, Inc.). Mueller Water Products, Inc. runs the higher net margin — 13.6% vs -14.8%, a 28.3% gap on every dollar of revenue. On growth, Tempus AI, Inc. posted the faster year-over-year revenue change (83.0% vs 4.6%). Mueller Water Products, Inc. produced more free cash flow last quarter ($44.0M vs $-41.5M). Over the past eight quarters, Tempus AI, Inc.'s revenue compounded faster (58.7% CAGR vs -5.1%).

Mueller Water Products, Inc. (MWP) is a publicly traded company headquartered in Atlanta, Georgia. It is one of the largest manufacturers and distributors of fire hydrants, gate valves, and other water infrastructure products in North America. MWP is made up of two business units—Mueller Co. and Mueller Technologies—that oversee more than a dozen brands and affiliates, including Echologics and Mueller Systems.

Tempus AI, Inc. is an American health technology company founded in 2015 by Eric Lefkofsky in Chicago, Illinois. It was established by Lefkofsky soon after his wife was diagnosed with breast cancer. Tempus uses data and artificial intelligence (AI) to create precision medicine services, including diagnostics, for oncology, cardiology, radiology, and depression. The company went public on the Nasdaq on June 14, 2024, under the ticker symbol "TEM."

MWA vs TEM — Head-to-Head

Bigger by revenue
TEM
TEM
1.2× larger
TEM
$367.2M
$318.2M
MWA
Growing faster (revenue YoY)
TEM
TEM
+78.4% gap
TEM
83.0%
4.6%
MWA
Higher net margin
MWA
MWA
28.3% more per $
MWA
13.6%
-14.8%
TEM
More free cash flow
MWA
MWA
$85.5M more FCF
MWA
$44.0M
$-41.5M
TEM
Faster 2-yr revenue CAGR
TEM
TEM
Annualised
TEM
58.7%
-5.1%
MWA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MWA
MWA
TEM
TEM
Revenue
$318.2M
$367.2M
Net Profit
$43.2M
$-54.2M
Gross Margin
37.6%
Operating Margin
17.8%
-16.7%
Net Margin
13.6%
-14.8%
Revenue YoY
4.6%
83.0%
Net Profit YoY
22.4%
-316.2%
EPS (diluted)
$0.27
$-0.30

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
MWA
MWA
TEM
TEM
Q4 25
$318.2M
$367.2M
Q3 25
$380.8M
$334.2M
Q2 25
$380.3M
$314.6M
Q1 25
$364.3M
$255.7M
Q4 24
$304.3M
$200.7M
Q3 24
$348.2M
$180.9M
Q2 24
$356.7M
$166.0M
Q1 24
$353.4M
$145.8M
Net Profit
MWA
MWA
TEM
TEM
Q4 25
$43.2M
$-54.2M
Q3 25
$52.6M
$-80.0M
Q2 25
$52.5M
$-42.8M
Q1 25
$51.3M
$-68.0M
Q4 24
$35.3M
$-13.0M
Q3 24
$10.0M
$-75.8M
Q2 24
$47.3M
$-552.2M
Q1 24
$44.3M
$-64.7M
Gross Margin
MWA
MWA
TEM
TEM
Q4 25
37.6%
Q3 25
36.8%
Q2 25
38.3%
Q1 25
35.1%
Q4 24
33.8%
Q3 24
31.8%
Q2 24
36.8%
Q1 24
36.9%
Operating Margin
MWA
MWA
TEM
TEM
Q4 25
17.8%
-16.7%
Q3 25
18.3%
-18.3%
Q2 25
19.4%
-19.6%
Q1 25
19.2%
-26.9%
Q4 24
15.6%
-25.3%
Q3 24
8.2%
-29.6%
Q2 24
18.8%
-321.4%
Q1 24
18.0%
-36.5%
Net Margin
MWA
MWA
TEM
TEM
Q4 25
13.6%
-14.8%
Q3 25
13.8%
-23.9%
Q2 25
13.8%
-13.6%
Q1 25
14.1%
-26.6%
Q4 24
11.6%
-6.5%
Q3 24
2.9%
-41.9%
Q2 24
13.3%
-332.7%
Q1 24
12.5%
-44.4%
EPS (diluted)
MWA
MWA
TEM
TEM
Q4 25
$0.27
$-0.30
Q3 25
$0.34
$-0.46
Q2 25
$0.33
$-0.25
Q1 25
$0.33
$-0.40
Q4 24
$0.22
$2.56
Q3 24
$0.07
$-0.46
Q2 24
$0.30
$-6.86
Q1 24
$0.28
$-1.47

Balance Sheet & Financial Strength

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

Metric
MWA
MWA
TEM
TEM
Cash + ST InvestmentsLiquidity on hand
$604.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$491.3M
Total Assets
$1.8B
$2.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MWA
MWA
TEM
TEM
Q4 25
$604.8M
Q3 25
$655.9M
Q2 25
$186.3M
Q1 25
$151.6M
Q4 24
$341.0M
Q3 24
$388.0M
Q2 24
$478.8M
Q1 24
$79.9M
Stockholders' Equity
MWA
MWA
TEM
TEM
Q4 25
$1.0B
$491.3M
Q3 25
$981.7M
$507.8M
Q2 25
$929.0M
$309.6M
Q1 25
$873.6M
$326.2M
Q4 24
$834.1M
$56.3M
Q3 24
$810.1M
$53.7M
Q2 24
$791.6M
$98.3M
Q1 24
$754.5M
$-1.5B
Total Assets
MWA
MWA
TEM
TEM
Q4 25
$1.8B
$2.3B
Q3 25
$1.8B
$2.3B
Q2 25
$1.7B
$1.6B
Q1 25
$1.7B
$1.5B
Q4 24
$1.6B
$926.1M
Q3 24
$1.6B
$971.7M
Q2 24
$1.6B
$864.6M
Q1 24
$1.5B

Cash Flow & Capital Efficiency

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

Metric
MWA
MWA
TEM
TEM
Operating Cash FlowLast quarter
$61.2M
$-36.8M
Free Cash FlowOCF − Capex
$44.0M
$-41.5M
FCF MarginFCF / Revenue
13.8%
-11.3%
Capex IntensityCapex / Revenue
5.4%
1.3%
Cash ConversionOCF / Net Profit
1.42×
TTM Free Cash FlowTrailing 4 quarters
$173.8M
$-239.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MWA
MWA
TEM
TEM
Q4 25
$61.2M
$-36.8M
Q3 25
$83.5M
$-119.8M
Q2 25
$67.4M
$44.2M
Q1 25
$14.3M
$-105.6M
Q4 24
$54.1M
Q3 24
$89.3M
$48.7M
Q2 24
$87.3M
$-97.1M
Q1 24
$-5.7M
$-101.4M
Free Cash Flow
MWA
MWA
TEM
TEM
Q4 25
$44.0M
$-41.5M
Q3 25
$69.0M
$-126.5M
Q2 25
$55.7M
$36.6M
Q1 25
$5.1M
$-107.7M
Q4 24
$42.2M
Q3 24
$69.9M
$48.6M
Q2 24
$75.1M
$-105.1M
Q1 24
$-15.8M
$-107.5M
FCF Margin
MWA
MWA
TEM
TEM
Q4 25
13.8%
-11.3%
Q3 25
18.1%
-37.9%
Q2 25
14.6%
11.6%
Q1 25
1.4%
-42.1%
Q4 24
13.9%
Q3 24
20.1%
26.9%
Q2 24
21.1%
-63.3%
Q1 24
-4.5%
-73.7%
Capex Intensity
MWA
MWA
TEM
TEM
Q4 25
5.4%
1.3%
Q3 25
3.8%
2.0%
Q2 25
3.1%
2.4%
Q1 25
2.5%
0.8%
Q4 24
3.9%
Q3 24
5.6%
0.0%
Q2 24
3.4%
4.8%
Q1 24
2.9%
4.2%
Cash Conversion
MWA
MWA
TEM
TEM
Q4 25
1.42×
Q3 25
1.59×
Q2 25
1.28×
Q1 25
0.28×
Q4 24
1.53×
Q3 24
8.93×
Q2 24
1.85×
Q1 24
-0.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MWA
MWA

Water Flow Solutions$173.0M54%
Water Management Solutions$145.2M46%

TEM
TEM

Segment breakdown not available.

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