# Mueller Industries, Inc. (MLI) — Stock CV

Mueller Industries, Inc. 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.

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

## Identity

- **Ticker**: MLI
- **Sector**: Industrials
- **Industry**: Rolling Drawing & Extruding Of Nonferrous Metals
- **Headquarters**: COLLIERVILLE, TN
- **Employees**: 4 832
- **Website**: https://www.muellerindustries.com
- **Market cap**: $13.4B
- **Last price**: $60.71
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $4.66B
- **Net income**: $851M
- **Free cash flow**: $666M
- **Net cash**: $1.36B
- **P/E**: 15.8
- **Revenue growth (YoY)**: 14.8%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 57 |
| Growth | 63 |
| Profitability | 90 |
| Health | 75 |
| Quality | 77 |
| Moat | 61 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +14.8% YoY
- [x] Profitable — $851M TTM
- [ ] Profit growing — -16.1% YoY
- [x] Generates cash — $666M TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $13.4B market cap
- [x] Not printing shares — -1.1% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 50/100
- [x] Pays a dividend — yield 0.97%
- [x] Valuation not extreme — P/E 15.8

## Experience (career milestones)

- **FY2025** — Best year on record: $765M net income
- **FY2021** — Became debt-free: cash now exceeds total debt
- **FY2018** — Positive free cash flow every year since: 8-year streak
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $2.06B in first reported year
- **1917** — It was founded in 1917 and is included on the Fortune 1000 list in 2022

## 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

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $3.77B | $469M | $280M |
| FY2022 | $3.98B | $658M | $686M |
| FY2023 | $3.42B | $603M | $619M |
| FY2024 | $3.77B | $605M | $566M |
| FY2025 | $4.18B | $765M | $687M |

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Source: https://stockcv.com/MLI — derived from company filings; may be delayed or incomplete. Information, not investment advice.