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Mueller Industries vs Quanex Building Products: MLI and NX compared
Mueller Industries is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $502M for Quanex Building Products (Q3 FY26). Mueller Industries is growing faster (+32% against +1% a year earlier). Mueller Industries is more profitable, with an operating margin of 19.8% against 9.3%.
Where the money goes: MLI and NX
Mueller Industries (MLI) · Q3 2026
Mueller Industries, Q3 2026: revenue $1.4B (+32% year over year), operating margin 19.8%, net earnings $221M, operating cash flow $337M. The chart follows the revenue to costs, profit and cash.
Quanex Building Products (NX) · Q3 FY26
Quanex Building Products, Q3 FY26: revenue $502M (+1% year over year), operating margin 9.3%, net earnings $26.5M, operating cash flow $58.6M. The chart follows the revenue to costs, profit and cash.
| Mueller Industries (MLI) | Quanex Building Products (NX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $1.4B | $502M |
| Revenue growth, Y/Y | +32% | +1% |
| Operating margin | 19.8% | 9.3% |
| Net earnings | $221M | $26.5M |
| Net margin | 15.6% | 5.3% |
| Operating cash flow | $337M | $58.6M |
| Free cash flow | $315M | $47.8M |
| Market value | $11.7B | $945M |
| P/E | 7.8× | 20.8× |
| Analysts’ mean target | $78.00 | $26.00 |
Where the revenue comes from
Mueller Industries
- Piping Systems: $876M (62%)
- Industrial Metals: $403M (28%)
- Climate: $140M (10%)
Questions
Which is bigger, Mueller Industries or Quanex Building Products?
Mueller Industries is the larger company: $1.4B of revenue in its latest quarter (Q3 2026) against $502M for Quanex Building Products (Q3 FY26).
Is Mueller Industries or Quanex Building Products growing faster?
Mueller Industries is growing faster (+32% against +1% a year earlier).
Which is more profitable, Mueller Industries or Quanex Building Products?
Mueller Industries is more profitable, with an operating margin of 19.8% against 9.3%.
More: Mueller Industries earnings · how Mueller Industries makes money · Quanex Building Products earnings · how Quanex Building Products makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 21, 2026; 10-Q filed Sep 4, 2026). Fiscal quarters can end on different dates. Not investment advice.