Mueller Industries, Inc.

Rolling Drawing & Extruding Of Nonferrous Metals

MLIMixed9 of 11 basics passed

$60.71

+0.36%

Market cap $13.4B

$60.71

+0.36%

Market cap $13.4B

Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate.

It is a $13.4B industrial company. Revenue grew 14.8% over the last year, it keeps 18¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 15.8× earnings — in the most expensive third of its own history.

Website: muellerindustries.com
Location: Collierville, TN
Employees: 4 832
Sector: Industrials
Founded: 1917

Share price · 3 years

$18.62 → $60.71+226.1%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $4.66B
Profit: keeps 18¢ of every $1 sold; $851M
Free cash flow: cash left after running the business; $666M
Net cash: more cash than debt; $1.36B
P/E: years of profit in the price; 15.8
EPS: earnings per share, TTM; $7.63
Dividend: pays out 15% of profit · 20% of FCF; 0.97%
Shares: down 2% since 2016 — buybacks; 111.5M
Volatility: beta vs the market — under 1 swings less; 1.01

Revenue, last 10 years

52-week range

Low $48.48$60.71High $70.42

Today's price is 56% of the way from the year's low to its high.

P/E vs its history5y

15.8×median 11.9×

Higher than 78% of past days — in the most expensive third of its own history.

Valuation vs own history

P/E

15.8×

22%

P/S

2.9×

19%

EV/EBITDA

11.6×

11%

P/B

3.8×

98%

FCF yield

5.0%

11%

Share of the last ~5 years that was pricier than today (pricier than usual). Based on the daily valuation record.

Insider activity · 90 days

-$29.5Mnet selling

Purchases$0

Sales$29.5M

Insiders trading, last 14d0 buy · 0 sell

Standing in Industrials

Size$13.4Btop 66%
Revenue growth+2%top 63%
Net margin18%top 12%
Return on equity26%top 33%
P/E15.8×top 17%
Dividend yield0.97%top 58%

Ranked against 130 Industrials companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong profitability, health and quality.

Valuation57

P/E vs own history78th pct · 5/25
FCF yield5.0% · 12/25
P/S2.9x · 20/25
EV/EBITDA10.6x · 20/25

Growth63

Revenue CAGR2.6% · 6/25
Net income CAGR13.0% · 20/25
EPS CAGR ~5Y40.9% · 25/25
Fwd implied growth14.4% · 12/25

Profitability90

ROIC41.4% · 25/25
ROE25.9% · 25/25
Net margin18.2% · 20/25
Operating margin22.9% · 20/25

Health75

Altman Zn/a · 0/25
Current ratio4.78 · 25/25
Interest coverage87.6x · 25/25
Net cash / debtNet cash · 25/25

Quality77

Piotroski F7/9 · 22/25
Beneish M-2.33 · 20/25
FCF conversion78% · 15/25
Margin stabilityσ 7.0% · 20/25

Moat61

ROIC >12% years10/10 yrs · 25/25
Median gross margin20.0% · 6/25
FCF-positive years9/10 yrs · 18/25
Worst-year net marginworst 3.8% · 12/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2025Financial
Best year on record
$765M net income
FY2021Financial
Became debt-free
cash now exceeds total debt
FY2018Financial
Positive free cash flow every year since
8-year streak
FY2016Financial
Profitable every year on record
10 consecutive profitable years in our data
FY2016Financial
Revenue already above $1B
$2.06B in first reported year
1917Founded
It was founded in 1917 and is included on the Fortune 1000 list in 2022

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$58 728 today — price return only

$4.2B revenue in FY2025

Revenue up 14.8% year over year

Profitable 10 years in a row

Positive free cash flow 8 years in a row

4 832 employees

ROIC of 41.4%

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 14.8% year over year
Net cash position after subtracting debt from cash
Interest covered 87.6× by operating earnings
High returns on invested capital (ROIC 41.4%)
Piotroski F-Score 7/9 — fundamentally strong checklist

Watch-outs

Nothing stands out as a concern in the available data.

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

9 of 11 checks passed

Revenue growing — the company sells more than a year ago+14.8% YoY
Profitable — makes more than it spends$851M TTM
Profit growing — earnings are higher than last year-16.1% YoY
Generates cash — cash left after running and investing$666M TTM
Debt under control — could handle its obligationsmore cash than debt
Established company — not a micro-cap — lower blow-up risk$13.4B market cap
Not printing shares — share count not ballooning — you keep your slice-1.1% shares over ~5y
Proven track record — years of profitability behind it10/10 profitable years
Financially stable — balance sheet not near distresshealth score 50/100
Pays a dividend — returns cash to shareholdersyield 0.97%
Valuation not extreme — price not wildly above earningsP/E 15.8

Peer comparisonMueller Industries, Inc. vs 6 largest industrials peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
MLI this company	$13.4B	15.8	+14.8%	18.2%	Mixed
LRCX Lam Research Corp	$399.2B	54.9	+26.0%	31.3%	Strong
CAT Caterpillar Inc.	$368.0B	33.9	+18.4%	14.5%	Solid
RTX RTX Corporation	$251.3B	32.4	+11.8%	8.3%	Strained
DE Deere & Company	$167.7B	34.4	+8.3%	10.2%	Solid
ETN Eaton Corporation, plc	$167.2B	43.6	+15.5%	12.8%	Mixed
UNP Union Pacific Corp.	$166.8B	22.6	+4.2%	28.8%	Strained

Head-to-head: MLI vs LRCX · MLI vs CAT · MLI vs RTX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 2Buy 3Hold 1

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $4.66B · net income $851M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$4.66B

YoY 14.8%

Net income (TTM)

$851M

Margin 18.2%

Gross margin

28.8%

Operating margin

22.9%

P/E ratio

15.8

Dividend yield

0.97%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	2.4	3.8	4.0	3.4	3.8	4.2
Gross profit	0.4	0.8	1.1	1.0	1.0	1.2
Operating income (EBIT)	0.2	0.7	0.9	0.8	0.8	1.0
Net income	0.1	0.5	0.7	0.6	0.6	0.8
EPS (diluted)	1.24	4.12	5.82	5.30	5.31	6.86

Cash flowFree cash flow $666M · operating cash flow $743M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$666M

Margin 14.3%

Operating cash flow (TTM)

$743M

FCF margin

14.3%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.2	0.3	0.7	0.7	0.6	0.8
Capital expenditure	-0.0	-0.0	-0.0	-0.1	-0.1	-0.1
Free cash flow	0.2	0.3	0.7	0.6	0.6	0.7
FCF margin	8.4%	7.4%	17.2%	18.1%	15.0%	16.4%

Balance sheetAssets $3.73B · net cash $1.36B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $3.73B of assets is financed

87%

Liabilities $497M — borrowed moneyEquity $3.21B — owners' stake

Cash vs debt

Total debt $27.5M − cash $1.39B = net cash $1.36B

Cash on hand covers all debt.

Debt repayment

Not needed

Cash already covers all debt

Interest coverage

87.6x

EBIT ÷ interest expense

ROE

25.9%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.1	0.1	0.7	1.3	1.1	1.4
Total assets	1.5	1.7	2.2	2.8	3.3	3.7
Total liabilities	0.7	0.5	0.4	0.4	0.5	0.5
Total debt	0.3	0.0	0.0	0.0	0.0	0.0
Equity	0.8	1.2	1.8	2.3	2.8	3.2
Net debt	0.2	-0.1	-0.7	-1.3	-1.1	-1.4

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of MLI on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $60.71 · market cap $13.4B.