NYSE : MLI
Mueller Industries, Inc. — Financial statements
Industrials · Metal Fabrication · United States
Last price 54.56 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 11.89B
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Financial statements
Mueller Industries, Inc. (MLI) reported revenue of 5.00B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 5.00B | 4.18B | 3.77B | 3.42B | 3.98B | 3.77B |
| Cost of Revenue | 3.64B | 2.97B | 2.72B | 2.43B | 2.86B | 2.94B |
| Gross Profit | 1.36B | 1.21B | 1.04B | 986.83M | 1.12B | 830.36M |
| Selling, General & Admin | 252.97M | 249.28M | 226.91M | 207.35M | 199.92M | 182.15M |
| Operating Expenses | 325.06M | 317.85M | 280.05M | 247.31M | 243.65M | 227.54M |
| Operating Income | 1.04B | 894.62M | 764.39M | 739.53M | 873.94M | 602.82M |
| Interest Expense | -330.00K | -108.00K | -410.00K | -1.22M | -810.00K | -7.71M |
| Interest & Investment Income | 46.97M | 41.07M | 53.47M | 38.21M | 6.46M | 353.00K |
| Earnings From Equity Investments | 11.16M | 8.58M | 2.16M | -14.82M | 10.11M | -157.00K |
| Currency Exchange Gain (Loss) | -2.40M | |||||
| Other Non Operating Income (Expenses) | -2.28M | -224.00K | -2.55M | 1.98M | 249.00K | -3.58M |
| EBT Excluding Unusual Items | 1.09B | 943.93M | 814.66M | 763.67M | 889.95M | 591.73M |
| Merger & Restructuring Charges | -1.70M | |||||
| Impairment of Goodwill | -2.09M | |||||
| Gain (Loss) on Sale of Investments | 22.99M | 18.55M | 914.00K | 41.87M | 2.92M | |
| Gain (Loss) on Sale of Assets | 38.91M | 25.88M | 5.78M | 4.14M | 6.37M | 57.76M |
| Asset Writedown | -4.37M | -3.73M | -6.26M | -742.00K | ||
| Other Unusual Items | -4.83M | 1.26M | 7.53M | -13.10M | -5.67M | |
| Pretax Income | 1.15B | 1.02B | 822.62M | 830.41M | 886.14M | 640.98M |
| Income Tax Expense | 282.15M | 247.35M | 205.08M | 220.76M | 223.32M | 165.86M |
| Earnings From Continuing Operations | 871.57M | 773.59M | 617.54M | 609.65M | 662.82M | 475.12M |
| Minority Interest in Earnings | -7.98M | -8.40M | -12.66M | -6.75M | -4.50M | -6.60M |
| Net Income | 863.59M | 765.19M | 604.88M | 602.90M | 658.32M | 468.52M |
| Net Income to Common | 863.59M | 765.19M | 604.88M | 602.90M | 658.32M | 468.52M |
| Shares Outstanding (Basic) | 217.80M | 218.95M | 222.77M | 222.84M | 223.12M | 224.04M |
| Shares Outstanding (Diluted) | 221.29M | 222.98M | 227.93M | 227.32M | 226.22M | 227.19M |
| EPS (Basic) | 3.97 | 3.49 | 2.72 | 2.71 | 2.95 | 2.09 |
| EPS (Diluted) | 3.90 | 3.43 | 2.65 | 2.65 | 2.91 | 2.06 |
| Free Cash Flow | 689.59M | 686.64M | 565.71M | 618.74M | 686.30M | 279.87M |
| Free Cash Flow Per Share | 3.12 | 3.08 | 2.48 | 2.72 | 3.03 | 1.23 |
| Dividend Per Share | 0.65 | 0.50 | 0.40 | 0.30 | 0.25 | 0.13 |
| Gross Margin | 27.25% | 29.02% | 27.71% | 28.85% | 28.06% | 22.03% |
| Operating Margin | 20.75% | 21.41% | 20.28% | 21.62% | 21.95% | 15.99% |
| Profit Margin | 17.27% | 18.31% | 16.05% | 17.63% | 16.53% | 12.43% |
| Free Cash Flow Margin | 13.79% | 16.43% | 15.01% | 18.09% | 17.23% | 7.42% |
| EBITDA | 1.11B | 963.18M | 817.52M | 779.48M | 917.67M | 648.21M |
| EBITDA Margin | 22.19% | 23.05% | 21.69% | 22.79% | 23.04% | 17.20% |
| D&A For EBITDA | 72.09M | 68.56M | 53.13M | 39.95M | 43.73M | 45.39M |
| EBIT | 1.04B | 894.62M | 764.39M | 739.53M | 873.94M | 602.82M |
| EBIT Margin | 20.75% | 21.41% | 20.28% | 21.62% | 21.95% | 15.99% |
| Effective Tax Rate | 24.46% | 24.23% | 24.93% | 26.58% | 25.20% | 25.88% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.45B | 1.37B | 1.04B | 1.17B | 461.02M | 87.92M |
| Short-Term Investments | 33.10M | 22.73M | 21.87M | 98.15M | 217.86M | |
| Cash & Short-Term Investments | 1.48B | 1.39B | 1.06B | 1.27B | 678.88M | 87.92M |
| Receivables | 723.99M | 475.57M | 450.11M | 351.56M | 380.35M | 471.86M |
| Inventory | 621.39M | 510.46M | 462.28M | 380.25M | 448.92M | 430.24M |
| Restricted Cash | 2.05M | 18.05M | 1.56M | 3.23M | 4.18M | 4.35M |
| Other Current Assets | 51.16M | 51.93M | 39.17M | 35.95M | 22.32M | 24.63M |
| Total Current Assets | 2.88B | 2.45B | 2.01B | 2.04B | 1.53B | 1.02B |
| Property, Plant & Equipment | 623.85M | 563.68M | 547.83M | 420.33M | 402.84M | 409.07M |
| Long-Term Investments | 109.31M | 108.63M | 88.04M | 83.44M | 72.36M | 61.13M |
| Goodwill | 308.32M | 298.19M | 311.17M | 151.82M | 157.59M | 171.33M |
| Other Intangible Assets | 342.67M | 287.08M | 306.36M | 46.21M | 54.78M | 61.71M |
| Other Long-Term Assets | 33.93M | 29.71M | 25.29M | 17.48M | 20.17M | 6.68M |
| Total Assets | 4.30B | 3.73B | 3.29B | 2.76B | 2.24B | 1.73B |
| Accounts Payable | 297.92M | 180.58M | 173.74M | 120.48M | 128.00M | 180.79M |
| Accrued Expenses | 53.49M | 150.43M | 144.84M | 138.34M | 148.41M | 141.53M |
| Current Portion of Long-Term Debt | 1.09M | 796.00K | 811.00K | 811.00K | ||
| Current Portion of Leases | 8.18M | 8.52M | 8.12M | 7.89M | 4.94M | 6.01M |
| Current Income Taxes Payable | 11.40M | 19.60M | 22.80M | 24.60M | 35.70M | |
| Other Current Liabilities | 295.99M | 62.21M | 50.60M | 26.82M | 41.53M | 17.59M |
| Total Current Liabilities | 655.59M | 413.13M | 397.99M | 317.14M | 348.30M | 382.44M |
| Long-Term Debt | 5.24M | 185.00K | 1.22M | 1.06M | ||
| Long-Term Leases | 13.10M | 18.97M | 24.55M | 26.68M | 16.88M | 17.10M |
| Pension & Post-Retirement Benefits | 8.75M | 8.39M | 11.20M | 12.06M | 13.05M | 17.53M |
| Long-Term Deferred Tax Liabilities | 46.34M | 31.64M | 25.74M | 19.13M | 16.26M | 14.35M |
| Other Long-Term Liabilities | 26.25M | 24.99M | 27.02M | 25.38M | 32.73M | 39.49M |
| Total Liabilities | 755.28M | 497.12M | 486.50M | 400.58M | 428.44M | 471.97M |
| Common Stock | 3.21M | 1.60M | 1.60M | 1.60M | 802.00K | 802.00K |
| Additional Paid-In Capital | 362.74M | 345.03M | 330.53M | 312.17M | 297.27M | 286.21M |
| Retained Earnings | 4.36B | 3.76B | 3.11B | 2.59B | 2.06B | 1.46B |
| Treasury Stock | -1.15B | -847.41M | -586.53M | -523.41M | -502.78M | -470.03M |
| Comprehensive Income & Other | -60.53M | -50.84M | -80.28M | -47.22M | -64.17M | -53.35M |
| Total Common Equity | 3.51B | 3.21B | 2.77B | 2.34B | 1.79B | 1.22B |
| Minority Interest | 30.87M | 25.94M | 31.24M | 21.27M | 23.05M | 34.84M |
| Shareholders' Equity | 3.54B | 3.24B | 2.80B | 2.36B | 1.81B | 1.26B |
| Total Liabilities & Equity | 4.30B | 3.73B | 3.29B | 2.76B | 2.24B | 1.73B |
| Total Debt | 26.52M | 27.49M | 33.76M | 35.56M | 23.85M | 24.99M |
| Net Cash (Debt) | 1.45B | 1.36B | 1.03B | 1.23B | 655.03M | 62.94M |
| Net Cash Per Share | 6.57 | 6.11 | 4.50 | 5.43 | 2.90 | 0.28 |
| Filing Date Shares Outstanding | 217.97M | 221.93M | 226.54M | 227.27M | 228.10M | 229.21M |
| Total Common Shares Outstanding | 21.80M | 222.36M | 227.50M | 228.32M | 228.01M | 229.18M |
| Working Capital | 2.22B | 2.03B | 1.61B | 1.72B | 1.19B | 636.56M |
| Book Value Per Share | 161.08 | 14.44 | 12.19 | 10.24 | 7.85 | 5.33 |
| Tangible Book Value | 2.86B | 2.62B | 2.16B | 2.14B | 1.58B | 989.07M |
| Tangible Book Value Per Share | 131.21 | 11.80 | 9.48 | 9.37 | 6.92 | 4.32 |
| Land | 41.43M | 36.85M | 33.13M | 32.71M | 34.05M | |
| Buildings | 306.59M | 258.36M | 232.17M | 234.48M | 238.03M | |
| Machinery | 759.13M | 759.20M | 654.08M | 654.00M | 657.67M | |
| Construction In Progress | 67.92M | 79.22M | 82.55M | 54.75M | 34.31M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 863.59M | 765.19M | 604.88M | 602.90M | 658.32M | 468.52M |
| Depreciation & Amortization | 72.09M | 68.56M | 53.13M | 39.95M | 43.73M | 45.39M |
| Other Amortization | 243.00K | 870.00K | 357.00K | 265.00K | ||
| Loss (Gain) From Sale of Assets | -38.91M | -25.88M | -5.78M | -4.14M | -6.37M | -58.53M |
| Asset Writedown & Restructuring Costs | 4.37M | 3.73M | 6.26M | 2.83M | ||
| Loss (Gain) From Sale of Investments | -22.99M | -18.55M | -914.00K | -41.87M | ||
| Loss (Gain) on Equity Investments | -11.16M | -8.58M | -2.16M | 14.82M | -10.11M | 157.00K |
| Stock-Based Compensation | 29.74M | 26.76M | 26.79M | 23.13M | 17.80M | 9.82M |
| Provision & Write-off of Bad Debts | 878.00K | 143.00K | 1.15M | -84.00K | 323.00K | 1.22M |
| Other Operating Activities | 19.30M | -8.53M | 34.20M | -5.60M | 2.27M | 19.69M |
| Change in Accounts Receivable | -171.86M | -19.09M | -56.56M | 30.91M | 82.71M | -124.71M |
| Change in Inventory | -95.67M | -40.43M | -32.77M | 67.90M | -24.19M | -119.51M |
| Change in Other Net Operating Assets | 120.81M | 12.10M | 23.70M | -62.29M | -40.90M | 66.56M |
| Operating Cash Flow | 770.18M | 755.44M | 645.91M | 672.77M | 723.94M | 311.70M |
| Capital Expenditures | -80.59M | -68.81M | -80.20M | -54.02M | -37.64M | -31.83M |
| Sale of Property, Plant & Equipment | 92.00K | 38.51M | 12.01M | 279.00K | 7.85M | 2.30M |
| Cash Acquisitions | -135.75M | -602.69M | -30.21M | |||
| Divestitures | 57.60M | 600.00K | 81.88M | |||
| Investment in Securities | 20.59M | -995.00K | 61.66M | 163.09M | -217.86M | -1.61M |
| Other Investing Activities | 5.00M | 5.78M | 2.30M | 25.74M | 5.65M | 8.54M |
| Investing Cash Flow | -133.06M | -24.91M | -606.93M | 135.08M | -242.00M | 29.07M |
| Long-Term Debt Issued | 397.00K | 67.00K | 595.00M | |||
| Long-Term Debt Repaid | -185.00K | -222.00K | -271.00K | -204.00K | -925.72M | |
| Net Debt Issued (Repaid) | -185.00K | 175.00K | -271.00K | -137.00K | -330.72M | |
| Issuance of Common Stock | 85.00K | |||||
| Repurchase of Common Stock | -278.30M | -243.62M | -48.68M | -19.30M | -38.05M | -4.86M |
| Common Dividends Paid | -141.20M | -109.05M | -89.11M | -66.87M | -55.79M | -29.14M |
| Other Financing Activities | -26.83M | -41.77M | -22.86M | -18.07M | -8.68M | -12.08M |
| Financing Cash Flow | -446.33M | -394.62M | -160.48M | -104.51M | -102.66M | -376.72M |
| Foreign Exchange Rate Adjustments | -3.70M | 10.35M | -13.82M | 5.59M | -4.37M | -1.05M |
| Net Cash Flow | 187.09M | 346.26M | -135.33M | 708.93M | 374.92M | -37.00M |
| Free Cash Flow | 689.59M | 686.64M | 565.71M | 618.74M | 686.30M | 279.87M |
| Free Cash Flow Margin | 13.79% | 16.43% | 15.01% | 18.09% | 17.23% | 7.42% |
| Free Cash Flow Per Share | 3.12 | 3.08 | 2.48 | 2.72 | 3.03 | 1.23 |
| Levered Free Cash Flow | 536.33M | 498.54M | 375.63M | 522.07M | 612.19M | 254.31M |
| Unlevered Free Cash Flow | 536.53M | 498.61M | 375.64M | 521.96M | 612.34M | 258.86M |
| Cash Interest Paid | 13.90M | |||||
| Cash Income Tax Paid | 245.80M | 245.80M | 210.40M | 219.60M | 238.30M | 132.90M |
| Change in Working Capital | -146.72M | -47.42M | -65.63M | 36.53M | 17.63M | -177.66M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.89B | 13.11B | 9.09B | 5.35B | 3.36B | 3.36B |
| Enterprise Value | 10.44B | 11.85B | 8.19B | 4.31B | 2.93B | 3.42B |
| Last Close Price | 54.56 | 58.56 | 39.20 | 22.81 | 14.05 | 13.71 |
| PE Ratio | 14.00 | 17.14 | 15.04 | 8.88 | 5.10 | 7.16 |
| Forward PE | 12.12 | 15.71 | 14.92 | 14.69 | 10.19 | 8.24 |
| PS Ratio | 2.38 | 3.14 | 2.41 | 1.56 | 0.84 | 0.89 |
| PB Ratio | 0.34 | 4.05 | 3.24 | 2.27 | 1.85 | 2.67 |
| P/TBV Ratio | 4.16 | 5.00 | 4.22 | 2.50 | 2.12 | 3.39 |
| P/FCF Ratio | 17.25 | 19.10 | 16.08 | 8.65 | 4.89 | 11.99 |
| P/OCF Ratio | 15.44 | 17.36 | 14.08 | 7.96 | 4.63 | 10.77 |
| PEG Ratio | 0.93 | 1.28 | ||||
| EV/Sales Ratio | 2.09 | 2.84 | 2.17 | 1.26 | 0.73 | 0.91 |
| EV/EBITDA Ratio | 9.40 | 12.31 | 10.02 | 5.53 | 3.19 | 5.27 |
| EV/EBIT Ratio | 10.06 | 13.25 | 10.71 | 5.83 | 3.35 | 5.67 |
| EV/FCF Ratio | 15.14 | 17.26 | 14.47 | 6.97 | 4.26 | 12.21 |
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| Debt / EBITDA Ratio | 0.02 | 0.03 | 0.04 | 0.04 | 0.03 | 0.04 |
| Debt / FCF Ratio | 0.04 | 0.04 | 0.06 | 0.06 | 0.04 | 0.09 |
| Net Debt / Equity Ratio | -0.41 | -0.42 | -0.37 | -0.52 | -0.36 | -0.05 |
| Net Debt / EBITDA Ratio | -1.31 | -1.41 | -1.25 | -1.58 | -0.71 | -0.10 |
| Net Debt / FCF Ratio | -2.11 | -1.98 | -1.81 | -1.99 | -0.95 | -0.23 |
| Asset Turnover | 1.25 | 1.19 | 1.25 | 1.37 | 2.01 | 2.31 |
| Inventory Turnover | 6.43 | 6.10 | 6.47 | 5.87 | 6.52 | 7.89 |
| Quick Ratio | 3.36 | 4.51 | 3.79 | 5.11 | 3.04 | 1.46 |
| Current Ratio | 4.39 | 5.92 | 5.06 | 6.43 | 4.41 | 2.66 |
| Return on Equity (ROE) | 26.26% | 25.61% | 23.92% | 29.22% | 43.17% | 46.17% |
| Return on Assets (ROA) | 16.23% | 15.92% | 15.79% | 18.48% | 27.51% | 23.13% |
| Return on Invested Capital (ROIC) | 36.72% | 37.12% | 39.52% | 47.54% | 55.56% | 40.04% |
| Return on Capital Employed (ROCE) | 28.50% | 26.90% | 26.40% | 30.30% | 46.10% | 44.80% |
| Earnings Yield | 7.14% | 5.83% | 6.65% | 11.26% | 19.62% | 13.96% |
| FCF Yield | 5.80% | 5.24% | 6.22% | 11.56% | 20.46% | 8.34% |
| Dividend Yield | 1.28% | 0.85% | 1.00% | 1.28% | 1.70% | 0.89% |
| Payout Ratio | 16.68% | 14.25% | 14.73% | 11.09% | 8.47% | 6.22% |
| Buyback Yield / Dilution | 1.41% | 2.17% | -0.27% | -0.49% | 0.43% | -0.72% |
| Total Shareholder Return | 2.69% | 3.02% | 0.73% | 0.79% | 2.13% | 0.16% |