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Mueller Industries Inc. (MLI)

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Mueller Industries Inc. (MLI) reported revenue of $1.4 billion for Q2 FY2026, the quarter ended 27 June 2026, up 25.5% on the same quarter a year earlier. Net income was $250 million, up 1.5% on the year, and diluted earnings per share $1.13. The figures are the company's own, from the 10-Q it filed with the SEC on 22 July 2026.

Revenue$1.4 billionup 25.5%
Net income$250 millionup 1.5%
Diluted EPS$1.13
QuarterQ2 FY2026ended 27 June 2026

Mueller Industries (MLI) in brief

Mueller Industries (MLI) reported revenue of $4.2 billion for fiscal 2025, the year ended 27 December 2025, up 10.9% on the year before.
Read moreNet income was $765 million and diluted earnings per share $3.43. Revenue was $3.8 billion in fiscal 2024, $3.4 billion in fiscal 2023, $4.0 billion in fiscal 2022 and $3.8 billion in fiscal 2021. Net income in the same years was $605 million, $603 million, $658 million and $469 million. Over the twelve months to 27 June 2026, Mueller Industries reported revenue of $4.7 billion and net income of $851 million. Revenue grew 11.7% a year, compounded, over the five years to fiscal 2025. Mueller Industries declared $0.50 a share in dividends over the last four quarters and had 221 million shares outstanding at the latest filed count. At 27 June 2026 it carried $5 million of debt and $1.4 billion of cash. At the close of 8 October 2026 the market cap of Mueller Industries was $13.4 billion, 15.8 times its earnings over the last twelve months.

Ratios

From the filings

ROE24.0%
ROCE30.1%
Operating margin23.0%
Net margin18.2%
FCF margin14.3%
Interest cover5,351.57
Debt to equity0.00
Cash conversion0.87
Share count, 1 year-0.1%
Sales CAGR, 3 years1.6%
Profit CAGR, 3 years5.1%
EPS, TTM$3.84

At the close of 8 October 2026

Price$60.49
Market cap$13.4 billion
Stock P/E15.75
Price to book3.77
EV / EBITDA10.54
Dividend yield0.8%
Market cap / sales2.87
52-week high$70.42
52-week low$48.48
Price, 1 year20.6%
Price CAGR, 3 years48.3%
Price CAGR, 5 years41.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Mueller Industries Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
MLIgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on MLI

Filings18 in twelve months: 11 current reports (8-K), about 5 other events; 4 results of operations; 1 officer or director change; 1 charter or bylaw amendment, or fiscal year change; 1 shareholder vote
Planned insider sales12 Form 144 notices in twelve months, $102.0 million; latest 27 August 2026
Options tapeput/call 0.22 by open interest at the 8 October 2026 close; the straddle prices a 4.4% move to 16 October 2026
13F holders8 of the followed funds hold it; largest FMR LLC; 2 Schedule 13D or 13G filings in twelve months
Insider trading17 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest5.4 million shares short, 3.82 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue8207328509989989241,0001,1381,0789621,1931,428
Cost of revenue5795366097257226687287857387158351,033
Gross profit241196241273275255272353340248358395
Gross margin29%27%28%27%28%28%27%31%32%26%30%28%
SG&A48.351.248.452.759.666.063.167.561.756.466.867.8
Operating income181135183210207170206304276172312310
Operating margin22%18%22%21%21%18%21%27%26%18%26%22%
Interest expense0.20.70.10.10.10.10.00.00.00.10.00.1
Pre-tax income189178202223218178211324280196321326
Tax rate27%26%26%26%23%26%24%24%26%22%25%25%
Net income133119138160169138157246208154239250
Net margin16%16%16%16%17%15%16%22%19%16%20%17%
Diluted EPS$0.58$0.53$0.60$0.70$0.74$0.60$0.69$1.11$0.94$0.69$1.08$1.13
Operating cash flow24817417410123114011419131014179.7212
Capital expenditure10.214.616.49.225.728.916.614.118.319.817.221.6
Free cash flow23716015791.620611197.017729212162.5191
Buybacks0.00.027.915.15.70.02440.00.00.075.01.5
Dividends paid16.716.722.322.222.322.327.327.127.327.338.038.1
Shares outstanding227m228m227m227m227m228m221m221m222m222m221m221m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue2,3642,1002,0562,2662,5082,4312,3983,7693,9823,4203,7694,1794,661
Cost of revenue2,0441,8101,7231,9412,1502,0361,9662,9392,8652,4342,7242,9663,320
Gross profit3212903323253573954328301,1189871,0441,2121,341
Gross margin13.6%13.8%16.2%14.4%14.3%16.3%18.0%22.0%28.1%28.9%27.7%29.0%28.8%
Selling, general and administrative132130136141149162159184203208227249253
Operating income1541371541511731912466568777567709591,070
Operating margin6.5%6.5%7.5%6.7%6.9%7.9%10.3%17.4%22.0%22.1%20.4%22.9%23.0%
Interest expense5.77.77.419.525.225.719.27.70.81.20.40.10.2
Pre-tax income1481321461271501662096418768458201,0121,124
Income tax45.543.448.137.931.035.355.3166223221205247279
Effective tax rate30.7%32.9%33.0%29.8%20.6%21.2%26.4%25.9%25.5%26.1%25.0%24.4%24.9%
Net income10287.999.785.6104101139469658603605765851
Net margin4.3%4.2%4.9%3.8%4.2%4.2%5.8%12.4%16.5%17.6%16.0%18.3%18.2%
Diluted EPS$0.45$0.39$0.43$0.37$0.46$0.45$0.62$2.06$2.91$2.65$2.65$3.43$3.84
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Piping Systems2,3562,4782,67664.0%
Industrial Metals5648031,00624.1%
Climate50148849711.9%
Piping SystemsIndustrial MetalsClimate
3,420FY20233,769FY20244,179FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Tube and fittings1,9272,0642,21752.4%
Brass rod, forgings, wire and cablen/a69688721.0%
Valves and plumbing specialties45645049211.6%
Flex duct and other HVAC components3803703668.7%
OEM components, tube & assemblies2011922105.0%
Other43.849.459.11.4%
Brass rod and forgings454n/an/a0.0%
Tube and fittingsBrass rod, forgings, wire and cableValves and plumbing specialtiesFlex duct and other HVAC componentsOEM components, tube & assembliesOtherBrass rod and forgings
3,461FY20233,821FY20244,230FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States2,5722,8273,28578.6%
Canada3403453488.3%
United Kingdom2702812836.8%
Asia and the Middle East1542311874.5%
Mexico84.685.875.51.8%
United StatesCanadaUnited KingdomAsia and the Middle EastMexico
3,420FY20233,769FY20244,179FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow90.616015844.0168201245312724673646755743
Capital expenditure39.228.837.546.138.531.243.931.837.654.080.268.876.9
Free cash flow51.4131120-2.1129169201280686619566687666
Free cash flow margin2.2%6.2%5.9%-0.1%5.2%7.0%8.4%7.4%17.2%18.1%15.0%16.4%14.3%
Cash from investingn/a-191-47.7-36.3-187-40.5-12629.1-242135-607-24.9-117
Cash from financingn/a-41.3-22.6-245-28.3-140-92.3-377-103-105-160-395-235
Depreciation and amortisation33.734.635.133.939.642.744.845.443.740.053.168.667.5
Share-based compensation6.36.26.47.58.08.78.69.817.823.126.826.828.7
Buybacks0.0n/a0.00.033.61.85.64.938.119.348.724476.4
Dividends paid16.816.921.22.922.722.322.329.155.866.989.1109131
Dividend per share$0.07$0.07$0.09$2.10$0.10$0.10$0.10$0.13$0.25$0.30$0.40$0.50n/a
Diluted shares, weighted227m228m229m230m229m225m226m227m226m227m228m223m221m
Shares outstanding at period end228m229m230m231m227m228m228m229m228m228m228m222m221m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015FY2016 †FY2017 †FY2018 †FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity7628278995225486437771,2221,7912,3372,7733,2103,548
Non-controlling interest33.332.437.813.914.918.724.334.823.121.331.225.926.3
Debt2412162284664983873282.92.71.01.10.05.2
Operating lease liabilitiesn/an/an/an/a0.022.421.617.116.926.724.519.011.9
Other liabilities291263283318309300378452409373461478666
Total liabilities and equity1,3281,3391,4471,3201,3701,3711,5291,7292,2422,7593,2913,7334,257
Owned
Fixed assets246280295304371363377386380385515536557
Goodwill103120124130150153168171158152311298413
Intangible assets18.540.636.242.062.060.177.261.754.846.2306287276
Investmentsn/an/an/an/an/an/an/a0.021898.121.922.727.2
Cash and equivalents35227535112072.697.911987.94611,1711,0371,3671,389
Receivables275252256245273270358472380352450476762
Inventory257239242328330292315430449380462510608
Other assets77.0132142151111134115120142175187236225
Total assets1,3281,3391,4471,3201,3701,3711,5291,7292,2422,7593,2913,7334,257
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded7.1%11.7%1.6%14.8%
Profit growth, compounded24.2%40.6%5.1%19.8%
Return on equity, average22.7%29.3%23.8%23.8%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Steel Works Etc

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Corning Inc. GLW$131.6 billion69.7915.1%15.3%19.4%0.620.7%
Howmet Aerospace Inc. HWM$89.1 billion48.0132.6%27.4%18.1%0.790.3%
Nucor Corp. NUE$55.8 billion19.6313.0%n/a17.2%0.290.9%
Steel Dynamics Inc. STLD$33.6 billion21.2317.1%10.0%19.8%0.450.9%
ATI Inc. ATI$25.6 billion55.1725.4%15.2%4.6%0.960.0%
Carpenter Technology Corp. CRS$19.2 billion36.8023.8%22.5%8.6%0.310.2%
POSCO Holdings Inc. PKX *$17.2 billion33.441.2%2.1%-6.1%0.513.8%
Mueller Industries Inc. MLI$13.4 billion15.7524.0%23.0%14.8%0.000.8%
Alcoa Corp. AA$11.3 billion8.9017.3%n/a6.5%0.300.2%
Commercial Metals Co. CMC$7.0 billion11.8813.1%7.6%15.2%0.711.1%
Belden Inc. BDC$4.2 billion17.5517.6%11.9%9.4%0.890.2%
1 company shares its SEC industry code (Rolling Drawing & Extruding Of Nonferrous Metals); the rest are the names nearest in size in its wider industry, Steel Works Etc, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q27 June 202622 July 2026EDGAR
10-Q28 March 202622 April 2026EDGAR
10-K27 December 202525 February 2026EDGAR
10-Q27 September 202522 October 2025EDGAR
10-Q28 June 202523 July 2025EDGAR
10-Q29 March 202523 April 2025EDGAR
10-K28 December 202426 February 2025EDGAR
10-Q28 September 202423 October 2024EDGAR
10-Q29 June 202424 July 2024EDGAR
10-Q30 March 202424 April 2024EDGAR

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