Mueller Industries Inc. (MLI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.15	$1.17	+1.7%	—	$1.4B	—
Q1 26	$0.74	$0.94	+27.0%	—	$1.2B	—
Q4 25	$0.84	$0.66	-21.4%	—	$962.4M	—
Q3 25	$1	$0.91	-9.0%	—	$1.1B	—
Q2 25	$0.81	$0.98	+21.0%	—	$1.1B	—
Q1 25	$0.66	$0.7	+6.1%	—	$1B	—
Q4 24	$0.56	$0.59	+5.4%	—	$923.5M	—
Q3 24	$0.66	$0.74	+12.1%	—	$997.8M	—
Q2 24	$0.65	$0.71	+9.2%	—	$997.7M	—
Q1 24	$0.53	$0.61	+15.1%	—	$849.7M	—
Q4 23	$0.33	$0.62	+87.9%	—	$732.4M	—
Q3 23	$0.26	$0.6	+130.8%	—	$819.8M	—
Q2 23	$0.6	$0.65	+8.3%	—	$897M	—
Q1 23	$0.47	$0.77	+63.8%	—	$971.2M	—
Q4 22	$0.55	$0.66	+20.0%	—	$877.6M	—
Q3 22	$0.59	$0.69	+16.9%	—	$944.8M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.5	—	—	$4.2B	—
FY24	—	$5.43	—	—	$3.8B	—
FY23	—	$5.41	—	—	$3.4B	—
FY22	—	$5.9	—	—	$4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.1B	$2.3B	$2.5B	$2.4B	$2.4B	$3.8B	$4B	$3.4B	$3.8B	$4.2B
YoY change	-2.11%	+10.2%	+10.7%	-3.08%	-1.34%	+57.2%	+5.65%	-14.1%	+10.2%	+10.9%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.1B	2.3B	2.5B	2.4B	2.4B	3.8B	4B	3.4B	3.8B	4.2B
Cost of revenue	1.7B	1.9B	2.2B	2B	2B	2.9B	2.9B	2.4B	2.7B	3B
Gross profit	332.1M	325.5M	357.5M	395M	431.9M	830.4M	1.1B	986.8M	1B	1.2B
Gross margin	16.2%	14.4%	14.3%	16.3%	18%	22%	28.1%	28.9%	27.7%	29%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	135.8M	140.7M	148.9M	162.4M	159.5M	184.1M	203.1M	208.2M	226.7M	248.7M
Operating expenses	137.1M	148M	150.2M	163.7M	163.9M	189.1M	204.4M	209M	228.9M	250.8M
Operating income	159.9M	143.5M	167.7M	188.6M	223.1M	595.9M	869.5M	737.9M	762.4M	893.1M
Operating margin	7.78%	6.33%	6.69%	7.76%	9.3%	15.8%	21.8%	21.6%	20.2%	21.4%
Non-operating income, net	-7.7M	2.3M	7.3M	2.4M	4.2M	52.6M	906K	70.4M	5M	78.3M
Pretax income	146M	127M	150.4M	166.1M	209.2M	641.1M	876M	845.2M	820.5M	1B
Income tax	48.1M	37.9M	31M	35.3M	55.3M	165.9M	223.3M	220.8M	205.1M	247.4M
Net income	99.8M	87M	106.8M	106.2M	143.6M	475.1M	662.8M	609.6M	617.5M	773.6M
Net margin	4.85%	3.84%	4.26%	4.37%	5.99%	12.6%	16.6%	17.8%	16.4%	18.5%
EBITDA	195.3M	180.4M	211.2M	233M	272.8M	639.3M	924.4M	819.7M	866M	1B
EPS	0.88	0.75	0.92	0.91	1.25	4.18	5.9	5.41	5.43	3.5
Diluted EPS	0.87	0.74	0.91	0.9	1.24	4.13	5.82	5.3	5.31	3.43

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	819.8M	732.4M	849.7M	997.7M	997.8M	923.5M	1B	1.1B	1.1B	962.4M	1.2B	1.4B
Cost of revenue	579.1M	536.4M	608.7M	725M	722.5M	668.2M	728.2M	785.2M	738.1M	714.6M	834.6M	1B
Gross profit	240.7M	196M	241M	272.8M	275.4M	255.4M	272M	353M	339.7M	247.8M	358.4M	395.3M
Gross margin	29.4%	26.8%	28.4%	27.3%	27.6%	27.7%	27.2%	31%	31.5%	25.8%	30%	27.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	48.3M	51.2M	48.4M	52.7M	59.6M	64.7M	63.1M	67.5M	61.7M	56.4M	66.8M	67.8M
Operating expenses	48.3M	51.2M	48.4M	52.7M	59.6M	64.7M	63.1M	67.5M	61.7M	56.4M	66.8M	67.8M
Operating income	182.8M	134.7M	183.4M	210M	204M	166.2M	191.8M	267.6M	261.4M	172.3M	275M	310.2M
Operating margin	22.3%	18.4%	21.6%	21%	20.4%	18%	19.2%	23.5%	24.3%	17.9%	23.1%	21.7%
Non-operating income, net	-4.2M	30.2M	995K	-1.4M	2.7M	1.4M	9.5M	48.7M	8.2M	11.8M	34M	5.2M
Pretax income	189M	177.9M	201.6M	222.9M	217.8M	178.2M	211.2M	324.4M	280.5M	196.2M	320.8M	326.2M
Income tax	50.8M	46.4M	51.8M	58.4M	49.2M	45.7M	51.5M	78.9M	73.9M	43.1M	79.6M	82.9M
Net income	135.7M	119.3M	141.7M	163.4M	171.8M	140.6M	159.3M	248.5M	210.2M	155.6M	241.4M	250.3M
Net margin	16.6%	16.3%	16.7%	16.4%	17.2%	15.2%	15.9%	21.8%	19.5%	16.2%	20.2%	17.5%
EBITDA	203.2M	157.2M	210.6M	233.1M	226.8M	197M	218.9M	292.5M	289.5M	203.1M	302.3M	337.3M
EPS	1.19	1.07	1.24	1.44	1.51	1.23	1.42	1.13	0.95	0.7	1.09	1.15
Diluted EPS	1.17	1.05	1.21	1.41	1.48	1.21	1.39	1.11	0.94	0.69	1.08	1.13

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.3B	2B	1.3B	1.8B	2B	3.3B	3.3B	5.3B	8.8B	—	13.5B
Enterprise value	2.1B	2.4B	1.8B	2.1B	2.2B	3.3B	2.6B	4B	7.8B	—	12B
Shares outstanding	113.1M	113.8M	113.6M	111.6M	111.6M	112M	111.6M	111.4M	111.4M	218.9M	218.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	22.7	23.2	12.4	16.7	13.6	7	4.97	8.62	14.3	—	15.9
P/S	1.1	0.89	0.53	0.73	0.82	0.88	0.83	1.54	2.35	—	2.89
P/B	2.41	3.76	2.35	2.68	2.45	2.65	1.81	2.23	3.15	—	3.8
EV/EBITDA	10.9	13.1	8.29	8.96	8.05	5.1	2.85	4.9	9.02	—	11
EV/Sales	1.04	1.04	0.7	0.86	0.92	0.87	0.66	1.18	2.07	—	2.58
Earnings yield	4.41%	4.31%	8.05%	6%	7.33%	14.3%	20.1%	11.6%	6.99%	—	6.3%
FCF yield	5.32%	-0.11%	9.76%	9.56%	10.3%	8.42%	20.9%	11.8%	6.4%	—	3.89%
PEG	—	—	—	—	—	—	—	—	—	—	8.97

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	16.2%	14.4%	14.3%	16.3%	18%	22%	28.1%	28.9%	27.7%	29%	27.7%
Operating margin	7.78%	6.33%	6.69%	7.76%	9.3%	15.8%	21.8%	21.6%	20.2%	21.4%	21.8%
Net margin	4.85%	3.84%	4.26%	4.37%	5.99%	12.6%	16.6%	17.8%	16.4%	18.5%	18.2%
ROE	10.7%	16.2%	19%	16%	17.9%	37.8%	36.5%	25.8%	22%	23.9%	26.3%
ROA	6.89%	6.59%	7.8%	7.75%	9.4%	27.5%	29.6%	22.1%	18.8%	20.7%	16.5%
ROIC	13.2%	11.4%	13.5%	15.2%	15.8%	37%	55.9%	48.4%	32.1%	36%	35.1%
Return on tangible assets	8.85%	8.92%	11.3%	11.3%	13.8%	37.6%	36.5%	25.8%	30%	30.2%	29.8%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	4.08	3.05	3.02	2.96	2.43	2.66	4.41	6.43	5.06	5.92	4.78
Quick ratio	2.98	1.7	1.6	1.71	1.5	1.54	3.12	5.23	3.89	4.68	3.76
Debt / equity	0.24	0.87	0.88	0.63	0.44	0.02	0.01	0.02	0.01	0.01	0.01
Debt / assets	0.16	0.35	0.36	0.3	0.23	0.01	0.01	0.01	0.01	0.01	0.01
Net debt / EBITDA	-0.63	1.91	2.01	1.36	0.87	-0.1	-0.71	-1.5	-1.18	-1.36	-1.23
Interest coverage	20.8	7.51	6.97	7.47	11.9	84.2	1.1K	693.2	2K	9.4K	5.6K
Effective tax rate	33%	29.8%	20.6%	21.2%	26.4%	25.9%	25.5%	26.1%	25%	24.4%	24.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	18.2	19.9	22.1	21.8	21.5	33.6	35.7	30.7	33.8	19.1	21.4
EPS (basic)	0.88	0.75	0.92	0.91	1.25	4.18	5.9	5.41	5.43	3.5	3.5
EPS (diluted)	0.87	0.74	0.91	0.9	1.24	4.13	5.82	5.3	5.31	3.43	3.84
Book value per share	8.28	4.71	4.96	5.93	7.18	11.2	16.3	21.2	25.2	14.8	16
FCF per share	1.06	-0.02	1.14	1.52	1.8	2.5	6.15	5.55	5.08	3.14	3.01
Cash per share	3.11	1.06	0.64	0.88	1.07	0.78	6.09	11.4	9.51	6.35	6.4
Capex per share	—	—	—	—	—	—	—	—	—	0.31	0.35

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	1.65%	1.65%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	9.11%	10.3%
Payout ratio	21.3%	226.3%	21.3%	21%	15.6%	6.13%	8.42%	11%	14.4%	14.1%	15.6%
Dividend yield	0.94%	9.76%	1.71%	1.26%	1.14%	0.88%	1.7%	1.27%	1.01%	—	1.15%

Yield

1.15%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.175

ex-dividend Sep 4, 2026

Payout ratio

16%

of earnings

Dividend growth

5 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 4, 2026	$0.175
Jun 5, 2026	$0.35
Mar 13, 2026	$0.35

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$819.8M	$732.4M	$849.7M	$997.7M	$997.8M	$923.5M	$1B	$1.1B	$1.1B	$962.4M	$1.2B	$1.4B
YoY change	-13.2%	-16.5%	-12.5%	+11.2%	+21.7%	+26.1%	+17.7%	+14.1%	+8.02%	+4.21%	+19.3%	+25.5%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	351.3M	120.3M	72.6M	97.9M	119.1M	87.9M	678.9M	1.3B	1.1B	1.4B
Receivables	256.3M	244.8M	273.4M	269.9M	357.5M	471.9M	380.4M	351.6M	450.1M	475.6M
Inventory	242M	327.9M	329.8M	292.1M	315M	430.2M	448.9M	380.2M	462.3M	510.5M
Total current assets	894.3M	739.1M	702.6M	693.8M	825.4M	1B	1.5B	2B	2B	2.4B
Property, plant & equipment	150.3M	159.8M	169.5M	186.3M	187.6M	171M	168.4M	188.2M	289.5M	257.1M
Goodwill & intangibles	320.3M	344.6M	424.6M	426.7M	489.9M	466.1M	424.7M	396.1M	1.2B	1.2B
Total assets	1.4B	1.3B	1.4B	1.4B	1.5B	1.7B	2.2B	2.8B	3.3B	3.7B
Accounts payable	103.2M	102.5M	103.8M	85.6M	147.7M	180.8M	128M	120.5M	173.7M	180.6M
Short-term debt	13.7M	16.5M	7.1M	12.8M	47.5M	6.8M	5.8M	8.7M	9.2M	8.5M
Total current liabilities	219M	242.3M	232.8M	234.3M	339.6M	382.4M	348.3M	317.1M	398M	413.1M
Long-term debt	213.7M	448.6M	489.6M	401.1M	308.2M	18.2M	18.1M	26.9M	24.5M	19M
Total liabilities	511M	784.1M	806.3M	708.8M	727.5M	472M	428.4M	400.6M	486.5M	497.1M
Shareholders' equity	936.4M	536M	563.3M	662.1M	801.1M	1.3B	1.8B	2.4B	2.8B	3.2B
Total debt	227.4M	465.1M	496.7M	413.9M	355.7M	25M	23.9M	35.6M	33.8M	27.5M
Net debt	-124M	344.8M	424.1M	315.9M	236.7M	-62.9M	-437.2M	-1.1B	-1B	-1.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	1.1B	1.3B	1.4B	825.7M	969.6M	1.1B	873.6M	1.1B	1.3B	1.4B	1.4B	1.4B
Receivables	409.2M	351.6M	424.4M	522.6M	500.6M	450.1M	553.1M	592.6M	556.6M	475.6M	670.5M	761.9M
Inventory	391.7M	380.2M	356.9M	406.2M	400.3M	462.3M	482.2M	511.7M	510M	510.5M	545.5M	607.7M
Total current assets	1.9B	2B	2.2B	1.8B	1.9B	2B	2B	2.2B	2.4B	2.4B	2.7B	2.8B
Property, plant & equipment	410.6M	188.2M	424.3M	506M	538.4M	289.5M	547.9M	563.5M	559.3M	257.1M	553.2M	576.4M
Goodwill & intangibles	395.4M	396.1M	391.9M	1.3B	1.3B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.4B
Total assets	2.7B	2.8B	2.9B	3.1B	3.2B	3.3B	3.2B	3.5B	3.7B	3.7B	3.9B	4.3B
Accounts payable	141.9M	120.5M	160.1M	198.5M	183.5M	173.7M	223.6M	212.5M	187.6M	180.6M	243.5M	295.8M
Short-term debt	8M	8.7M	8.8M	8.8M	8.6M	9.2M	8.5M	8.5M	8.4M	8.5M	7.9M	7.6M
Total current liabilities	322.5M	317.1M	361.3M	387.2M	394M	398M	456.4M	456M	503.2M	413.1M	499.3M	595.8M
Long-term debt	27.1M	26.9M	25.6M	26.4M	24.5M	24.5M	24.4M	22.5M	20.6M	19M	14.9M	17.1M
Total liabilities	412.5M	400.6M	445.9M	493.3M	497.5M	486.5M	544.2M	546.8M	600.7M	497.1M	581.5M	683.3M
Shareholders' equity	2.3B	2.4B	2.4B	2.6B	2.7B	2.8B	2.7B	2.9B	3.1B	3.2B	3.4B	3.6B
Total debt	35.1M	35.6M	34.4M	35.2M	33.1M	33.8M	32.9M	30.9M	28.9M	27.5M	22.8M	24.7M
Net debt	-944.7M	-1.1B	-1.3B	-790.5M	-932M	-1B	-797.2M	-970.8M	-1.2B	-1.3B	-1.4B	-1.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	99.8M	87M	106.8M	106.2M	143.6M	475.1M	662.8M	609.6M	617.5M	773.6M
Depreciation & amortization	35.1M	33.9M	39.6M	42.7M	44.8M	45.4M	43.7M	40M	53.1M	68.6M
Stock-based compensation	6.4M	7.5M	8M	8.7M	8.6M	9.8M	17.8M	23.1M	26.8M	26.8M
Change in working capital	4.7M	-83.5M	2.3M	15.8M	24.8M	-177.7M	17.6M	36.5M	-65.6M	-47.4M
Operating cash flow	153.5M	42.6M	155.8M	177M	218.1M	366M	740.1M	705.3M	650.1M	755.4M
Capital expenditure	—	—	—	—	—	—	—	—	—	-68.8M
Investing cash flow	-10.2M	9.9M	-148.6M	-9.3M	-81.7M	60.9M	-206.7M	188M	-526.7M	-24.9M
Dividends paid	-21.2M	-196.9M	-22.7M	-22.3M	-22.3M	-29.1M	-55.8M	-66.9M	-89.1M	-109M
Share repurchases	0	0	-33.6M	-1.8M	-5.6M	-4.9M	-38.1M	-19.3M	-48.7M	-243.6M
Financing cash flow	-21.3M	-243M	-27.5M	-138.5M	-92M	-376.8M	-101.2M	-95.8M	-137.6M	-365.1M
Net change in cash	122M	-190.6M	-20.4M	29.2M	44.3M	50.1M	432.2M	797.6M	-14.2M	365.4M
Free cash flow	120.3M	-2.1M	129.4M	169.4M	201.2M	279.9M	686.3M	618.7M	565.7M	686.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	135.7M	119.3M	141.7M	163.4M	171.8M	140.6M	159.3M	248.5M	210.2M	155.6M	241.4M	250.3M
Depreciation & amortization	9.8M	8.9M	9.3M	10.1M	11.8M	22M	17.1M	17.9M	16.6M	16.9M	16.7M	17.3M
Stock-based compensation	4.8M	5.9M	6.2M	7.2M	6.5M	6.8M	6.2M	7.8M	6.4M	6.4M	7.3M	8.5M
Change in working capital	89.3M	56.8M	-7.6M	-80.4M	43.6M	-21.3M	-64.6M	-45.9M	81M	-17.9M	-155M	-54.5M
Operating cash flow	241M	192.7M	165.5M	97.9M	237M	149.6M	119.6M	231M	310.1M	141.2M	79.7M	212.3M
Capital expenditure	—	—	—	—	—	—	—	—	-18.3M	-19.8M	-17.2M	-21.6M
Investing cash flow	-3.9M	55.5M	86.8M	1.8M	-29.4M	-6.8M	-6.8M	-17.1M	21.8M	7.9M	38.9M	-164.8M
Dividends paid	-16.7M	-16.7M	-22.3M	-22.2M	-22.3M	-22.3M	-27.3M	-27.1M	-27.3M	-27.3M	-38M	-38.1M
Share repurchases	0	0	-27.9M	-15.1M	-5.7M	0	-243.6M	0	0	0	-75M	-1.5M
Financing cash flow	-16.9M	-16.6M	-50.3M	-37.3M	-27.9M	-22.1M	-283.2M	-27.2M	-27.4M	-27.3M	-114.7M	-39.7M
Net change in cash	220.2M	231.6M	202.1M	62.5M	179.8M	120.7M	-170.4M	186.7M	304.5M	121.8M	4M	7.7M
Free cash flow	237.4M	159.7M	157.2M	91.6M	205.7M	111.2M	97M	176.5M	291.8M	121.4M	62.5M	190.7M

Date	Ratio
Jul 1, 2026	2:1
Oct 23, 2023	2:1
Mar 31, 2014	2:1
May 28, 1998	2:1
Oct 2, 1995	2:1

Mueller Industries Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history