MUELLER INDUSTRIES INC MLI

Basic materials SIC 3350 - Rolling Drawing & Extruding of Nonferrous Metals NAICS Manufacturing › Primary Metal Manufacturing derived NYSE

Last close 54.11 2026-10-23
Market cap $11.97B 2026-06-27 share count
52-week range 51.20 - 71.12

Valuation FY2025 figures against the last close

P/S2.9x
P/E7.9x
P/FCF17.4x
EV/EBITDA10.3x
Dividend yield0.9%
Diluted EPS6.86

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Canada
  • United Kingdom
  • Asia and the Middle East
  • Mexico
Revenue by geography, 5 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 3.3B (78.6%) 79% United States Canada, FY2025: 347.7M (8.3%) 8% Canada United Kingdom, FY2025: 283.3M (6.8%) 7% Asia and the Middle East, FY2025: 186.6M (4.5%) 4% Mexico, FY2025: 75.5M (1.8%) FY2024 United States, FY2024: 2.8B (75.0%) 75% Canada, FY2024: 344.6M (9.1%) 9% United Kingdom, FY2024: 280.7M (7.4%) 7% Asia and the Middle East, FY2024: 231.1M (6.1%) 6% Mexico, FY2024: 85.8M (2.3%) FY2023 United States, FY2023: 2.6B (75.2%) 75% Canada, FY2023: 339.7M (9.9%) 10% United Kingdom, FY2023: 270.1M (7.9%) 8% Asia and the Middle East, FY2023: 153.8M (4.5%) 4% Mexico, FY2023: 84.6M (2.5%)
Region FY2025FY2024FY2023
United States $3.29B $2.83B $2.57B
Canada $347.7M $344.6M $339.7M
United Kingdom $283.3M $280.7M $270.1M
Asia and the Middle East $186.6M $231.1M $153.8M
Mexico $75.5M $85.8M $84.6M

As the company reported it, from the “Segment Information - Schedule of Geographic Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Piping Systems
  • Industrial Metals
  • Climate
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 Piping Systems, FY2025: 2.7B (64.0%) 64% Piping Systems Industrial Metals, FY2025: 1B (24.1%) 24% Industrial Metals Climate, FY2025: 496.8M (11.9%) 12% Climate FY2024 Piping Systems, FY2024: 2.5B (65.7%) 66% Industrial Metals, FY2024: 803.3M (21.3%) 21% Climate, FY2024: 487.8M (12.9%) 13% FY2023 Piping Systems, FY2023: 2.4B (68.9%) 69% Industrial Metals, FY2023: 564.1M (16.5%) 16% Climate, FY2023: 500.7M (14.6%) 15%
Segment FY2025FY2024FY2023
Piping Systems $2.68B $2.48B $2.36B
Industrial Metals $1.01B $803.3M $564.1M
Climate $496.8M $487.8M $500.7M

As the company reported it, from the “Segment Information - Schedule of Disaggregation of Revenue from Contracts with Customers (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.18B$3.77B$3.42B$3.98B$3.77B$2.40B$2.43B$2.51B$2.27B$2.06B
Cost of revenue —————$1.97B$2.04B$2.15B$1.94B$1.72B
Gross profit —————$431.9M$395.0M$357.5M$325.5M$332.1M
SG&A $248.7M$226.7M$208.2M$203.1M$184.1M$159.5M$162.4M$148.9M$140.7M$135.8M
Operating income $958.5M$770.4M$756.1M$877.1M$655.8M$245.8M$191.4M$173.0M$150.8M$154.4M
Interest expense $108.0K$410.0K$1.2M$810.0K$7.7M$19.2M$25.7M$25.2M$19.5M$7.4M
Pre-tax income $1.01B$820.5M$845.2M$876.0M$641.1M$209.2M$166.1M$150.4M$127.0M$146.0M
Income tax $247.4M$205.1M$220.8M$223.3M$165.9M$55.3M$35.3M$31.0M$37.9M$48.1M
Net income $765.2M$604.9M$602.9M$658.3M$468.5M$139.5M$101.0M$104.5M$85.6M$99.7M
EPS, basic 6.995.435.415.904.182.501.811.841.501.76
EPS, diluted 6.865.315.305.824.122.471.791.821.491.74
Shares, diluted (wtd. avg.) 111.5M114.0M113.7M113.1M113.6M56.4M56.3M57.3M57.5M57.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.37B$1.04B$1.17B$465.3M$90.4M$127.4M$98.0M$77.1M$126.6M$360.5M
Short-term investments $22.7M$21.9M$98.1M$217.9M$0—————
Receivables $475.6M$450.1M$351.6M$380.4M$471.9M$357.5M$269.9M$273.4M$244.8M$256.3M
Inventory $510.5M$462.3M$380.2M$448.9M$430.2M$315.0M$292.1M$329.8M$327.9M$242.0M
Total current assets $2.45B$2.01B$2.04B$1.53B$1.02B$825.4M$693.8M$702.6M$739.1M$894.3M
Property, plant and equipment $536.5M$515.1M$385.2M$379.9M$385.6M$376.6M$363.1M$370.6M$304.3M$295.2M
Goodwill $298.2M$311.2M$151.8M$157.6M$171.3M$167.8M$153.3M$150.3M$130.3M$124.0M
Other intangibles $287.1M$306.4M$46.2M$54.8M$61.7M$77.2M$60.1M$62.0M$42.0M$36.2M
Total assets $3.73B$3.29B$2.76B$2.24B$1.73B$1.53B$1.37B$1.37B$1.32B$1.45B
Accounts payable $180.6M$173.7M$120.5M$128.0M$180.8M$147.7M$85.6M$103.8M$102.5M$103.2M
Short-term debt $0$1.1M$796.0K$811.0K$811.0K$41.3M$7.5M$7.1M$16.5M$13.7M
Total current liabilities $413.1M$398.0M$317.1M$348.3M$382.4M$339.6M$234.3M$232.8M$242.3M$219.0M
Long-term debt —$0$185.0K$1.2M$1.1M$286.6M$378.7M$489.6M$448.6M$213.7M
Total liabilities $497.1M$486.5M$400.6M$428.4M$472.0M$727.5M$708.8M$806.3M$784.1M$511.0M
Retained earnings $3.76B$3.11B$2.59B$2.06B$1.46B$1.02B$903.1M$824.7M$743.5M$1.14B
Total equity $3.21B$2.77B$2.34B$1.79B$1.22B$776.7M$643.5M$548.4M$522.1M$898.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $755.4M$645.9M$672.8M$723.9M$311.7M$245.1M$200.5M$167.9M$44.0M$157.8M
Depreciation and amortisation $68.6M$53.1M$40.0M$43.7M$45.4M$44.8M$42.7M$39.6M$33.9M$35.1M
Stock-based compensation $26.8M$26.8M$23.1M$17.8M$9.8M$8.6M$8.7M$8.0M$7.5M$6.4M
Capital expenditure $68.8M$80.2M$54.0M$37.6M$31.8M$43.9M$31.2M$38.5M$46.1M$37.5M
Investing cash flow -$24.9M-$606.9M$135.1M-$242.0M$29.1M-$125.6M-$40.5M-$187.1M-$36.3M-$47.7M
Financing cash flow -$394.6M-$160.5M-$104.5M-$102.7M-$376.7M-$92.3M-$139.7M-$28.3M-$244.6M-$22.6M
Dividends paid $109.0M$89.1M$66.9M$55.8M$29.1M$22.3M$22.3M$22.7M$2.9M$21.2M
Buybacks $243.6M$48.7M$19.3M$38.1M$4.9M$5.6M$1.8M$33.6M$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000089439-26-000008.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 2.1B Gross profit, FY2016: 332.1M Net income, FY2016: 99.7M Revenue, FY2017: 2.3B Gross profit, FY2017: 325.5M Net income, FY2017: 85.6M Revenue, FY2018: 2.5B Gross profit, FY2018: 357.5M Net income, FY2018: 104.5M Revenue, FY2019: 2.4B Gross profit, FY2019: 395M Net income, FY2019: 101M Revenue, FY2020: 2.4B Gross profit, FY2020: 431.9M Net income, FY2020: 139.5M Revenue, FY2021: 3.8B Net income, FY2021: 468.5M Revenue, FY2022: 4B Net income, FY2022: 658.3M Revenue, FY2023: 3.4B Net income, FY2023: 602.9M Revenue, FY2024: 3.8B Net income, FY2024: 604.9M Revenue, FY2025: 4.2B Net income, FY2025: 765.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.06B $2.27B $2.51B $2.43B $2.40B $3.77B $3.98B $3.42B $3.77B $4.18B
Gross profit $332.1M $325.5M $357.5M $395.0M $431.9M — — — — —
Net income $99.7M $85.6M $104.5M $101.0M $139.5M $468.5M $658.3M $602.9M $604.9M $765.2M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3350

TickerCompanyMarket capP/ERevenue growth
HWM Howmet Aerospace Inc. $74.14B 50.1x 11.1%
KALU KAISER ALUMINUM CORP $1.75B 15.8x 11.5%
NX Quanex Building Products CORP $916.5M — 43.8%
TG TREDEGAR CORP $255.4M 7.6x —