Mueller Industries (MLI) Financials

$73.61 +0.78 (+1.07%)

As of 03:59 PM Eastern

Annual Income Statements for Mueller Industries

This table shows Mueller Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	88	100	86	104	101	139	469	658	603	605
Consolidated Net Income / (Loss)	88	100	87	107	106	144	475	663	610	618
Net Income / (Loss) Continuing Operations	88	100	87	107	106	144	475	663	610	618
Total Pre-Tax Income	132	146	127	150	166	209	641	876	845	820
Total Operating Income	137	154	151	173	191	246	656	877	756	770
Total Gross Profit	290	332	325	357	395	432	830	1,118	987	1,044
Total Revenue	2,100	2,056	2,266	2,508	2,431	2,398	3,769	3,982	3,420	3,769
Operating Revenue	2,100	2,056	2,266	2,508	2,431	2,398	3,769	3,982	3,420	3,769
Total Cost of Revenue	1,810	1,723	1,941	2,150	2,036	1,966	2,939	2,865	2,434	2,724
Operating Cost of Revenue	1,810	1,723	1,941	2,150	2,036	1,966	2,939	2,865	2,434	2,724
Total Operating Expenses	153	178	175	185	205	186	175	247	231	280
Selling, General & Admin Expense	130	136	141	149	162	159	184	203	208	227
Depreciation Expense	35	35	34	40	43	45	45	44	40	53
Other Operating Expenses / (Income)	-12	0.00	0.00	-	0.00	0.00	-58	0.00	-4.14	0.00
Impairment Charge	0.00	6.78	1.47	0.00	0.00	3.77	2.83	0.00	6.26	0.00
Other Special Charges / (Income)	-	0.00	-1.49	-3.93	-0.49	-22	0.00	0.00	-19	0.00
Total Other Income / (Expense), net	-5.48	-8.37	-24	-23	-25	-37	-9.03	-1.12	82	49
Interest Expense	7.67	7.39	20	25	26	19	7.71	0.81	1.22	0.41
Interest & Investment Income	-	-	-	-1.32	-	-	0.35	9.38	80	54
Other Income / (Expense), net	2.19	-0.98	-4.33	3.97	0.36	-17	-1.68	-9.68	2.79	-5.16
Income Tax Expense	43	48	38	31	35	55	166	223	221	205
Other Gains / (Losses), net	0.00	1.86	-2.08	-13	-25	-10	-0.16	10	-15	2.16
Net Income / (Loss) Attributable to Noncontrolling Interest	0.54	0.03	1.41	2.36	5.26	4.16	6.60	4.50	6.75	13
Basic Earnings per Share	$1.56	$1.76	$1.50	$1.84	$1.81	$2.50	$4.18	$5.90	$5.41	$5.43
Weighted Average Basic Shares Outstanding	56.32M	56.57M	56.93M	56.78M	55.80M	55.82M	112.02M	111.56M	111.42M	111.39M
Diluted Earnings per Share	$1.54	$1.74	$1.49	$1.82	$1.79	$2.47	$4.12	$5.82	$5.30	$5.31
Weighted Average Diluted Shares Outstanding	56.97M	57.17M	57.48M	57.27M	56.34M	56.39M	113.60M	113.11M	113.66M	113.97M
Weighted Average Basic & Diluted Shares Outstanding	56.30M	56.70M	57.10M	56.80M	57.00M	57.12M	57.30M	57.02M	113.63M	113.27M
Cash Dividends to Common per Share	$0.30	$0.38	$8.40	$0.40	$0.40	$0.40	$0.26	$0.50	$0.60	$0.80

This table shows Mueller Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Income / (Loss) Attributable to Common Shareholders	155	139	173	178	133	119	138	160	169	138	157
Consolidated Net Income / (Loss)	156	140	175	180	136	119	142	163	172	141	159
Net Income / (Loss) Continuing Operations	156	140	175	180	136	119	142	163	172	141	159
Total Pre-Tax Income	206	186	237	241	189	178	202	223	218	178	211
Total Operating Income	205	190	229	211	181	135	183	210	207	170	206
Total Gross Profit	266	257	292	258	241	196	241	273	275	255	272
Total Revenue	945	878	971	897	820	732	850	998	998	924	1,000
Operating Revenue	945	878	971	897	820	732	850	998	998	924	1,000
Total Cost of Revenue	679	621	679	639	579	536	609	725	722	668	728
Operating Cost of Revenue	679	621	679	639	579	536	609	725	722	668	728
Total Operating Expenses	61	73	63	47	60	61	58	63	69	91	66
Selling, General & Admin Expense	50	56	53	56	48	51	48	53	60	66	63
Depreciation Expense	11	11	11	10	9.63	9.25	9.17	10	12	22	17
Other Special Charges / (Income)	0.00	5.51	-	-19	0.00	-	-	0.00	-2.67	-	-14
Total Other Income / (Expense), net	0.67	-4.47	8.33	30	7.95	35	18	13	11	6.69	4.96
Interest Expense	0.36	0.14	0.14	0.14	0.23	0.71	0.12	0.11	0.11	0.08	0.03
Interest & Investment Income	1.36	7.76	8.15	29	8.23	35	18	14	11	11	4.89
Other Income / (Expense), net	-0.33	-12	0.33	1.84	-0.05	0.67	0.63	-1.36	-0.12	-4.32	0.09
Income Tax Expense	51	50	61	62	51	46	52	58	49	46	51
Other Gains / (Losses), net	1.01	4.09	-0.98	0.72	-2.41	-12	-8.01	-1.10	3.20	8.06	-0.46
Net Income / (Loss) Attributable to Noncontrolling Interest	1.27	1.33	1.85	1.84	3.00	0.06	3.35	3.28	3.08	2.95	1.86
Basic Earnings per Share	$1.39	$1.25	$1.56	$1.60	$1.19	$1.07	$1.24	$1.44	$1.51	$1.24	$1.42
Weighted Average Basic Shares Outstanding	111.18M	111.56M	111.39M	111.32M	111.42M	111.42M	111.42M	111.22M	111.36M	111.39M	110.74M
Diluted Earnings per Share	$1.37	$1.25	$1.54	$1.56	$1.17	$1.07	$1.21	$1.41	$1.48	$1.24	$1.39
Weighted Average Diluted Shares Outstanding	112.85M	113.11M	112.80M	114M	113.87M	113.66M	114.15M	113.98M	113.78M	113.97M	113.07M
Weighted Average Basic & Diluted Shares Outstanding	56.86M	57.02M	57.00M	56.78M	113.53M	113.63M	113.60M	113.32M	113.74M	113.27M	110.65M
Cash Dividends to Common per Share	$0.13	$0.19	$0.15	$0.15	$0.15	$0.23	$0.20	$0.20	$0.20	$0.20	$0.25

This table details how cash moves in and out of Mueller Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-77	82	-234	-49	21	29	-37	375	709	-135
Net Cash From Operating Activities	160	158	44	168	201	245	312	724	673	646
Net Cash From Continuing Operating Activities	160	158	44	168	201	245	312	724	673	646
Net Income / (Loss) Continuing Operations	88	100	87	107	106	144	475	663	610	618
Consolidated Net Income / (Loss)	88	100	87	107	106	144	475	663	610	618
Depreciation Expense	31	31	31	35	37	39	39	38	35	39
Amortization Expense	4.48	4.88	3.45	4.76	5.67	6.45	6.54	5.93	5.88	14
Non-Cash Adjustments To Reconcile Net Income	-9.67	11	9.38	19	36	36	-39	3.29	-19	41
Changes in Operating Assets and Liabilities, net	46	12	-87	2.43	15	21	-170	14	41	-66
Net Cash From Investing Activities	-191	-48	-36	-187	-40	-126	29	-242	135	-607
Net Cash From Continuing Investing Activities	-191	-48	-36	-187	-40	-126	29	-242	135	-607
Purchase of Property, Plant & Equipment	-29	-37	-46	-38	-31	-44	-32	-38	-54	-80
Acquisitions	-106	-21	-18	-168	3.47	-73	-30	0.00	0.00	-603
Purchase of Investments	-66	0.00	-3.32	-1.61	-16	0.00	-1.61	-218	-110	-37
Sale of Property, Plant & Equipment	5.54	10	32	19	3.24	0.18	2.30	7.85	0.28	12
Sale and/or Maturity of Investments	-	-	-	-	0.00	0.00	8.54	0.00	273	98
Other Investing Activities, net	4.33	0.00	0.00	1.97	0.00	-9.27	0.00	5.65	26	2.30
Net Cash From Financing Activities	-41	-23	-245	-28	-140	-92	-377	-103	-105	-160
Net Cash From Continuing Financing Activities	-41	-23	-245	-28	-140	-92	-377	-103	-105	-160
Repayment of Debt	-1.00	0.23	-115	-175	-211	-247	-927	-0.14	-0.27	0.18
Repurchase of Common Equity	-	0.00	0.00	-34	-1.76	-5.57	-4.86	-38	-19	-49
Payment of Dividends	-17	-25	-200	-23	-23	-22	-39	-63	-76	-89
Other Financing Activities, net	0.21	-1.31	-1.60	-0.73	-4.40	-7.23	-1.17	-1.43	-8.76	-23
Effect of Exchange Rate Changes	-4.83	-5.69	2.95	-1.95	0.51	2.15	-1.05	-4.37	5.59	-14

This table details how cash moves in and out of Mueller Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Change in Cash & Equivalents	282	-34	146	162	208	193	191	-523	124	73	-197
Net Cash From Operating Activities	312	207	112	139	248	174	174	101	231	140	114
Net Cash From Continuing Operating Activities	312	207	112	139	248	174	172	102	231	140	114
Net Income / (Loss) Continuing Operations	156	140	175	180	136	119	142	163	172	141	159
Consolidated Net Income / (Loss)	156	140	175	180	136	119	142	163	172	141	159
Depreciation Expense	11	4.90	11	11	9.80	3.90	9.25	10	12	8.06	17
Non-Cash Adjustments To Reconcile Net Income	7.58	2.19	6.49	-24	11	-13	28	12	0.85	1.24	0.06
Changes in Operating Assets and Liabilities, net	138	54	-81	-26	91	58	-6.67	-83	47	-24	-63
Net Cash From Investing Activities	-2.19	-226	51	57	-14	41	70	-583	-59	-36	-23
Net Cash From Continuing Investing Activities	-2.19	-226	51	57	-14	41	70	-583	-59	-36	-23
Purchase of Property, Plant & Equipment	-6.31	-8.08	-7.56	-22	-10	-15	-16	-9.20	-26	-29	-17
Purchase of Investments	-	-218	-	-	-4.00	-	-	-	-4.29	-16	-27
Sale of Property, Plant & Equipment	0.28	0.01	0.12	0.02	0.07	0.07	2.88	1.10	5.05	2.98	20
Sale and/or Maturity of Investments	-	-	50	168	-	55	96	-	2.00	-	0.00
Other Investing Activities, net	3.84	0.20	8.64	17	0.30	-	-13	8.70	-	6.10	0.60
Net Cash From Financing Activities	-20	-21	-19	-36	-23	-26	-53	-37	-49	-22	-288
Net Cash From Continuing Financing Activities	-20	-21	-19	-36	-23	-26	-53	-37	-49	-22	-288
Repayment of Debt	0.01	-0.40	0.24	-0.51	-0.18	0.18	-0.13	0.03	0.08	0.20	-0.06
Repurchase of Common Equity	-4.59	-	0.00	-19	-	-	-28	-15	-5.69	-	-244
Payment of Dividends	-14	-21	-17	-17	-17	-26	-22	-22	-22	-22	-40
Other Financing Activities, net	-1.52	0.19	-2.61	0.02	-6.53	0.36	-2.49	0.49	-21	0.08	-4.49
Effect of Exchange Rate Changes	-8.08	5.95	2.57	2.25	-2.51	3.28	-0.67	-4.11	0.08	-9.11	0.39

This table presents Mueller Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,339	1,447	1,320	1,370	1,371	1,529	1,729	2,242	2,759	3,291
Total Current Assets	800	894	739	703	694	825	1,019	1,535	2,040	2,012
Cash & Equivalents	275	351	120	73	98	119	88	461	1,171	1,037
Short-Term Investments	-	-	-	-	-	-	0.00	218	98	22
Accounts Receivable	252	256	245	273	270	358	472	380	352	450
Inventories, net	239	242	328	330	292	315	430	449	380	462
Other Current Assets	35	45	46	27	34	34	29	27	39	41
Plant, Property, & Equipment, net	280	295	304	371	363	377	386	380	385	515
Total Noncurrent Assets	258	258	277	296	314	327	324	328	334	764
Long-Term Investments	66	77	76	58	48	38	61	72	83	88
Goodwill	120	124	130	150	153	168	171	158	152	311
Intangible Assets	41	36	42	62	60	77	62	55	46	306
Other Noncurrent Operating Assets	31	21	28	26	52	44	30	43	53	58
Total Liabilities & Shareholders' Equity	1,339	1,447	1,320	1,370	1,371	1,529	1,729	2,242	2,759	3,291
Total Liabilities	479	511	784	806	709	728	472	428	401	486
Total Current Liabilities	209	219	242	233	234	340	382	348	317	398
Short-Term Debt	12	14	16	7.10	7.53	41	0.81	0.81	0.80	1.09
Accounts Payable	88	103	103	104	86	148	181	128	120	174
Current Employee Benefit Liabilities	36	35	34	39	42	46	50	62	56	60
Other Current Liabilities	74	67	90	83	99	104	151	158	140	163
Total Noncurrent Liabilities	270	292	542	573	475	388	90	80	83	89
Long-Term Debt	204	214	449	490	379	287	1.06	1.22	0.19	0.00
Asset Retirement Reserve & Litigation Obligation	21	21	24	20	20	21	18	16	15	15
Noncurrent Deferred & Payable Income Tax Liabilities	7.16	20	19	17	21	17	14	16	19	26
Noncurrent Employee Benefit Liabilities	35	31	29	29	22	27	18	13	12	11
Other Noncurrent Operating Liabilities	2.44	6.28	21	18	33	36	39	33	37	36
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	860	936	536	563	662	801	1,257	1,814	2,359	2,804
Total Preferred & Common Equity	827	899	522	548	643	777	1,222	1,791	2,337	2,773
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	827	899	522	548	643	777	1,222	1,791	2,337	2,773
Common Stock	272	274	275	278	279	281	287	298	314	332
Retained Earnings	1,064	1,142	744	825	903	1,020	1,458	2,060	2,594	3,108
Treasury Stock	-453	-450	-446	-474	-470	-469	-470	-503	-523	-587
Accumulated Other Comprehensive Income / (Loss)	-55	-67	-51	-80	-69	-55	-53	-64	-47	-80
Noncontrolling Interest	32	38	14	15	19	24	35	23	21	31

This table presents Mueller Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Total Assets	2,110	2,480	2,576	2,664	2,894	3,066	3,206	3,231
Total Current Assets	1,421	1,767	1,852	1,937	2,185	1,805	1,916	1,960
Cash & Equivalents	483	611	771	980	1,358	826	965	830
Short-Term Investments	-	171	127	125	0.00	0.00	4.45	43
Accounts Receivable	441	503	459	409	424	523	501	553
Inventories, net	455	453	466	392	357	406	400	482
Other Current Assets	42	28	28	31	45	50	45	51
Plant, Property, & Equipment, net	374	377	387	377	391	471	506	515
Total Noncurrent Assets	315	335	338	350	319	790	784	756
Long-Term Investments	70	72	73	97	72	77	80	81
Goodwill	157	158	159	151	151	609	600	311
Intangible Assets	56	54	53	47	45	43	46	301
Other Noncurrent Operating Assets	32	51	53	56	52	60	58	63
Total Liabilities & Shareholders' Equity	2,110	2,480	2,576	2,664	2,894	3,066	3,206	3,231
Total Liabilities	455	492	433	413	446	493	497	544
Total Current Liabilities	375	407	345	323	361	387	394	456
Short-Term Debt	1.12	1.11	0.67	0.56	0.71	0.79	0.93	0.13
Accounts Payable	167	179	155	142	160	199	184	224
Current Employee Benefit Liabilities	54	37	45	49	30	42	48	36
Other Current Liabilities	153	190	144	131	170	146	161	197
Total Noncurrent Liabilities	80	85	89	90	85	106	104	88
Long-Term Debt	1.18	1.25	1.27	1.30	0.13	0.07	0.02	0.00
Asset Retirement Reserve & Litigation Obligation	16	16	16	15	15	15	15	15
Noncurrent Deferred & Payable Income Tax Liabilities	11	18	19	19	23	20	25	28
Noncurrent Employee Benefit Liabilities	17	11	12	13	11	12	12	8.43
Other Noncurrent Operating Liabilities	35	39	41	42	35	59	52	36
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,655	1,987	2,143	2,251	2,448	2,573	2,709	2,687
Total Preferred & Common Equity	1,625	1,962	2,116	2,221	2,424	2,546	2,678	2,666
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,625	1,962	2,116	2,221	2,424	2,546	2,678	2,666
Common Stock	295	304	311	314	320	327	325	339
Retained Earnings	1,935	2,216	2,377	2,492	2,710	2,847	2,993	3,238
Treasury Stock	-506	-506	-525	-530	-554	-569	-586	-835
Accumulated Other Comprehensive Income / (Loss)	-99	-52	-46	-55	-52	-60	-53	-75
Noncontrolling Interest	29	25	27	30	24	27	30	21

This table displays calculated financial ratios and metrics derived from Mueller Industries' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-11.18%	-2.11%	10.24%	10.67%	-3.08%	-1.34%	57.18%	5.65%	-14.11%	10.19%
EBITDA Growth	-7.10%	8.38%	-4.44%	19.97%	8.29%	16.54%	155.79%	30.25%	-12.27%	2.37%
EBIT Growth	-9.30%	10.01%	-4.53%	20.80%	8.38%	19.12%	186.37%	32.61%	-12.52%	0.84%
NOPAT Growth	-13.68%	12.40%	2.23%	29.83%	9.75%	19.93%	168.87%	34.42%	-14.53%	3.45%
Net Income Growth	-13.78%	12.84%	-12.77%	22.77%	-0.55%	35.22%	230.75%	39.50%	-8.02%	1.29%
EPS Growth	-13.97%	12.99%	-14.37%	22.15%	-1.65%	37.99%	230.75%	39.50%	-8.93%	0.19%
Operating Cash Flow Growth	76.16%	-1.15%	-72.12%	281.62%	19.45%	22.20%	27.19%	132.26%	-7.07%	-3.99%
Free Cash Flow Firm Growth	-48.54%	146.30%	-64.32%	-66.09%	1,326.94%	-37.62%	213.71%	100.57%	-11.80%	-111.90%
Invested Capital Growth	7.33%	0.06%	9.39%	15.53%	-2.93%	7.74%	14.19%	-4.06%	-5.40%	64.65%
Revenue Q/Q Growth	-3.02%	0.01%	2.32%	1.44%	-0.62%	5.83%	8.04%	-1.94%	-4.07%	5.34%
EBITDA Q/Q Growth	-1.62%	6.50%	-4.10%	16.92%	2.95%	2.54%	23.66%	1.36%	-4.49%	6.28%
EBIT Q/Q Growth	-5.72%	5.89%	-8.13%	17.37%	0.85%	-0.01%	24.28%	0.76%	-5.29%	4.09%
NOPAT Q/Q Growth	-7.83%	9.10%	-6.43%	14.18%	3.19%	5.88%	20.15%	1.91%	-6.62%	4.91%
Net Income Q/Q Growth	-4.27%	2.74%	-11.04%	25.58%	2.16%	5.34%	23.19%	2.08%	-3.32%	3.57%
EPS Q/Q Growth	-4.94%	1.75%	-11.83%	25.52%	1.13%	6.47%	23.19%	2.08%	-5.19%	0.76%
Operating Cash Flow Q/Q Growth	-12.24%	17.11%	-68.74%	48.62%	13.11%	-7.69%	35.71%	11.87%	-4.64%	-5.02%
Free Cash Flow Firm Q/Q Growth	-61.36%	19.20%	-75.50%	118.82%	6.80%	-21.92%	27.10%	13.26%	-5.15%	-27.59%
Invested Capital Q/Q Growth	-6.01%	-6.96%	6.78%	-1.13%	-1.88%	2.53%	2.89%	-3.47%	-4.22%	-0.09%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	13.82%	16.16%	14.36%	14.25%	16.25%	18.01%	22.03%	28.06%	28.85%	27.71%
EBITDA Margin	8.31%	9.20%	7.98%	8.65%	9.66%	11.41%	18.57%	22.89%	23.38%	21.72%
Operating Margin	6.54%	7.51%	6.66%	6.90%	7.87%	10.25%	17.40%	22.03%	22.10%	20.44%
EBIT Margin	6.64%	7.46%	6.46%	7.06%	7.89%	9.53%	17.36%	21.78%	22.19%	20.30%
Profit (Net Income) Margin	4.21%	4.85%	3.84%	4.26%	4.37%	5.99%	12.60%	16.64%	17.82%	16.39%
Tax Burden Percent	67.08%	68.31%	68.53%	71.02%	63.96%	68.67%	74.11%	75.66%	72.13%	75.27%
Interest Burden Percent	94.50%	95.19%	86.69%	85.01%	86.61%	91.57%	98.01%	100.99%	111.38%	107.22%
Effective Tax Rate	32.92%	32.96%	29.84%	20.58%	21.23%	26.45%	25.87%	25.49%	26.12%	25.00%
Return on Invested Capital (ROIC)	12.97%	14.08%	13.74%	15.85%	16.47%	19.30%	46.71%	60.11%	53.92%	43.35%
ROIC Less NNEP Spread (ROIC-NNEP)	16.09%	16.38%	-42.12%	6.21%	1.77%	1.20%	-46.84%	58.04%	49.06%	40.17%
Return on Net Nonoperating Assets (RNNOA)	-2.29%	-2.97%	-1.93%	3.59%	0.87%	0.34%	-0.54%	-16.94%	-24.70%	-19.43%
Return on Equity (ROE)	10.68%	11.11%	11.82%	19.43%	17.34%	19.64%	46.17%	43.17%	29.22%	23.92%
Cash Return on Invested Capital (CROIC)	5.90%	14.02%	4.78%	1.44%	19.44%	11.85%	33.46%	64.25%	59.47%	-5.50%
Operating Return on Assets (OROA)	10.46%	11.01%	10.58%	13.16%	14.00%	15.76%	40.16%	43.69%	30.34%	25.30%
Return on Assets (ROA)	6.63%	7.16%	6.29%	7.94%	7.75%	9.91%	29.17%	33.38%	24.38%	20.41%
Return on Common Equity (ROCE)	10.26%	10.67%	11.40%	18.92%	16.86%	19.06%	44.85%	42.35%	28.91%	23.68%
Return on Equity Simple (ROE_SIMPLE)	10.69%	11.10%	16.67%	19.48%	16.51%	18.49%	38.88%	37.01%	26.08%	22.27%
Net Operating Profit after Tax (NOPAT)	92	104	106	137	151	181	486	654	559	578
NOPAT Margin	4.38%	5.04%	4.67%	5.48%	6.20%	7.54%	12.90%	16.41%	16.33%	15.33%
Net Nonoperating Expense Percent (NNEP)	-3.12%	-2.30%	55.87%	9.63%	14.70%	18.10%	93.55%	2.07%	4.86%	3.18%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	35.99%	23.67%	20.60%
Cost of Revenue to Revenue	86.18%	83.84%	85.64%	85.75%	83.75%	81.99%	77.97%	71.94%	71.15%	72.29%
SG&A Expenses to Revenue	6.21%	6.61%	6.21%	5.94%	6.68%	6.65%	4.88%	5.10%	6.09%	6.02%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.29%	8.65%	7.71%	7.36%	8.42%	7.76%	4.63%	6.20%	6.75%	7.43%
Earnings before Interest and Taxes (EBIT)	139	153	146	177	192	228	654	867	759	765
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	174	189	181	217	235	274	700	912	800	819
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.72	2.29	3.57	2.27	2.63	2.44	2.64	1.82	2.26	3.28
Price to Tangible Book Value (P/TBV)	2.13	2.79	5.33	3.71	3.93	3.56	3.26	2.07	2.47	4.22
Price to Revenue (P/Rev)	0.68	1.00	0.82	0.50	0.70	0.79	0.86	0.82	1.54	2.41
Price to Earnings (P/E)	16.19	20.67	21.77	11.93	16.76	13.58	6.88	4.95	8.76	15.03
Dividend Yield	1.21%	1.04%	1.24%	1.85%	1.35%	1.21%	0.92%	1.74%	1.29%	1.00%
Earnings Yield	6.18%	4.84%	4.59%	8.38%	5.97%	7.37%	14.52%	20.20%	11.41%	6.65%
Enterprise Value to Invested Capital (EV/IC)	1.81	2.58	2.67	1.75	2.16	2.15	2.81	2.38	3.93	4.81
Enterprise Value to Revenue (EV/Rev)	0.63	0.92	0.95	0.65	0.80	0.87	0.83	0.64	1.16	2.12
Enterprise Value to EBITDA (EV/EBITDA)	7.62	10.03	11.87	7.51	8.31	7.64	4.45	2.78	4.94	9.75
Enterprise Value to EBIT (EV/EBIT)	9.54	12.37	14.65	9.20	10.17	9.14	4.76	2.92	5.21	10.43
Enterprise Value to NOPAT (EV/NOPAT)	14.44	18.33	20.28	11.84	12.94	11.55	6.40	3.88	7.08	13.81
Enterprise Value to Operating Cash Flow (EV/OCF)	8.33	12.03	48.77	9.69	9.73	8.52	9.99	3.50	5.88	12.35
Enterprise Value to Free Cash Flow (EV/FCFF)	31.77	18.41	58.32	130.45	10.96	18.82	8.94	3.63	6.42	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.25	0.24	0.87	0.88	0.58	0.41	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.24	0.23	0.84	0.87	0.57	0.36	0.00	0.00	0.00	0.00
Financial Leverage	-0.14	-0.18	0.05	0.58	0.49	0.28	0.01	-0.29	-0.50	-0.48
Leverage Ratio	1.61	1.55	1.88	2.45	2.24	1.98	1.58	1.29	1.20	1.17
Compound Leverage Factor	1.52	1.48	1.63	2.08	1.94	1.81	1.55	1.31	1.34	1.26
Debt to Total Capital	20.08%	19.54%	46.46%	46.86%	36.84%	29.04%	0.15%	0.11%	0.04%	0.04%
Short-Term Debt to Total Capital	1.09%	1.17%	1.65%	0.67%	0.72%	3.66%	0.06%	0.04%	0.03%	0.04%
Long-Term Debt to Total Capital	18.99%	18.36%	44.81%	46.19%	36.12%	25.39%	0.08%	0.07%	0.01%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.01%	3.24%	1.39%	1.41%	1.78%	2.15%	2.77%	1.27%	0.90%	1.11%
Common Equity to Total Capital	76.91%	77.22%	52.15%	51.73%	61.38%	68.80%	97.08%	98.62%	99.06%	98.85%
Debt to EBITDA	1.24	1.20	2.57	2.29	1.65	1.20	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-0.71	-1.06	1.49	1.69	1.02	0.62	-0.21	-0.82	-1.69	-1.40
Long-Term Debt to EBITDA	1.17	1.13	2.48	2.26	1.61	1.05	0.00	0.00	0.00	0.00
Debt to NOPAT	2.35	2.20	4.40	3.62	2.56	1.81	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-1.35	-1.94	2.54	2.66	1.59	0.94	-0.30	-1.15	-2.42	-1.98
Long-Term Debt to NOPAT	2.22	2.06	4.24	3.56	2.51	1.58	0.00	0.00	0.00	0.00
Altman Z-Score	5.34	5.85	4.75	4.44	4.99	4.94	9.15	9.54	12.13	15.04
Noncontrolling Interest Sharing Ratio	3.97%	3.91%	3.51%	2.62%	2.74%	2.94%	2.87%	1.89%	1.06%	1.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.82	4.08	3.05	3.02	2.96	2.43	2.66	4.41	6.43	5.06
Quick Ratio	2.51	2.77	1.51	1.49	1.57	1.40	1.46	3.04	5.11	3.79
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	42	103	37	12	178	111	348	699	616	-73
Operating Cash Flow to CapEx	685.13%	580.22%	302.02%	848.88%	718.23%	560.76%	1,055.50%	2,430.24%	1,251.75%	947.11%
Free Cash Flow to Firm to Interest Expense	5.46	13.96	1.89	0.50	6.93	5.77	45.18	862.44	504.59	-178.81
Operating Cash Flow to Interest Expense	20.82	21.36	2.26	6.66	7.81	12.73	40.43	893.76	551.00	1,575.39
Operating Cash Flow Less CapEx to Interest Expense	17.78	17.68	1.51	5.88	6.72	10.46	36.60	856.98	506.98	1,409.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.57	1.48	1.64	1.86	1.77	1.65	2.31	2.01	1.37	1.25
Accounts Receivable Turnover	7.98	8.10	9.04	9.68	8.95	7.64	9.09	9.35	9.35	9.40
Inventory Turnover	7.30	7.16	6.81	6.54	6.55	6.48	7.89	6.52	5.87	6.47
Fixed Asset Turnover	7.98	7.14	7.56	7.43	6.63	6.48	9.89	10.40	8.94	8.37
Accounts Payable Turnover	19.17	18.03	18.87	20.85	21.50	16.85	17.89	18.56	19.59	18.52
Days Sales Outstanding (DSO)	45.77	45.09	40.36	37.71	40.80	47.75	40.16	39.05	39.05	38.82
Days Inventory Outstanding (DIO)	50.02	50.97	53.60	55.82	55.76	56.35	46.28	56.01	62.18	56.44
Days Payable Outstanding (DPO)	19.04	20.25	19.34	17.50	16.98	21.66	20.40	19.67	18.64	19.71
Cash Conversion Cycle (CCC)	76.74	75.81	74.61	76.02	79.57	82.44	66.03	75.39	82.60	75.55
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	735	735	804	929	902	972	1,110	1,065	1,007	1,658
Invested Capital Turnover	2.96	2.80	2.94	2.89	2.65	2.56	3.62	3.66	3.30	2.83
Increase / (Decrease) in Invested Capital	50	0.41	69	125	-27	70	138	-45	-58	651
Enterprise Value (EV)	1,330	1,898	2,146	1,627	1,951	2,089	3,113	2,534	3,954	7,979
Market Capitalization	1,422	2,061	1,863	1,246	1,692	1,894	3,226	3,260	5,284	9,094
Book Value per Share	$14.47	$15.66	$9.03	$9.51	$11.30	$13.61	$21.30	$31.49	$20.59	$24.38
Tangible Book Value per Share	$11.66	$12.87	$6.05	$5.83	$7.55	$9.32	$17.24	$27.76	$18.84	$18.95
Total Capital	1,076	1,164	1,001	1,060	1,048	1,129	1,259	1,816	2,360	2,806
Total Debt	216	227	465	497	386	328	1.88	2.03	0.98	1.09
Total Long-Term Debt	204	214	449	490	379	287	1.06	1.22	0.19	0.00
Net Debt	-125	-201	268	366	240	171	-147	-749	-1,351	-1,146
Capital Expenditures (CapEx)	23	27	15	20	28	44	30	30	54	68
Debt-free, Cash-free Net Working Capital (DFCFNWC)	328	338	393	404	369	408	549	508	455	556
Debt-free Net Working Capital (DFNWC)	603	689	513	477	467	527	637	1,187	1,724	1,615
Net Working Capital (NWC)	591	675	497	470	459	486	637	1,186	1,723	1,614
Net Nonoperating Expense (NNE)	3.68	3.75	19	31	45	37	11	-9.28	-51	-40
Net Nonoperating Obligations (NNO)	-125	-201	268	366	240	171	-147	-749	-1,351	-1,146
Total Depreciation and Amortization (D&A)	35	36	34	40	43	45	46	44	41	53
Debt-free, Cash-free Net Working Capital to Revenue	15.61%	16.43%	17.35%	16.12%	15.18%	17.01%	14.58%	12.76%	13.29%	14.76%
Debt-free Net Working Capital to Revenue	28.70%	33.52%	22.65%	19.02%	19.21%	21.98%	16.91%	29.81%	50.39%	42.86%
Net Working Capital to Revenue	28.14%	32.85%	21.93%	18.73%	18.90%	20.25%	16.89%	29.79%	50.37%	42.83%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.78	$0.88	$0.75	$0.92	$0.91	$1.25	$4.18	$5.90	$5.41	$5.43
Adjusted Weighted Average Basic Shares Outstanding	112.63M	113.14M	113.85M	113.56M	111.60M	111.64M	112.02M	111.56M	111.42M	111.39M
Adjusted Diluted Earnings per Share	$0.77	$0.87	$0.75	$0.91	$0.90	$1.24	$4.13	$5.82	$5.30	$5.31
Adjusted Weighted Average Diluted Shares Outstanding	113.94M	114.34M	114.97M	114.54M	112.69M	112.78M	113.60M	113.11M	113.66M	113.97M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	114.32M	115.21M	115.13M	113.25M	113.99M	114.23M	114.60M	114.05M	113.63M	113.27M
Normalized Net Operating Profit after Tax (NOPAT)	92	108	106	134	150	167	488	654	549	578
Normalized NOPAT Margin	4.38%	5.26%	4.67%	5.35%	6.19%	6.98%	12.95%	16.41%	16.05%	15.33%
Pre Tax Income Margin	6.28%	7.10%	5.60%	6.00%	6.83%	8.72%	17.01%	22.00%	24.71%	21.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	18.19	20.77	7.51	7.02	7.47	11.87	84.86	1,070.95	621.50	1,866.40
NOPAT to Interest Expense	12.01	14.01	5.43	5.45	5.87	9.40	63.07	806.84	457.48	1,409.34
EBIT Less CapEx to Interest Expense	15.15	17.09	6.76	6.24	6.38	9.60	81.03	1,034.17	577.48	1,700.07
NOPAT Less CapEx to Interest Expense	8.97	10.33	4.68	4.67	4.78	7.12	59.24	770.07	413.46	1,243.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	19.12%	25.05%	229.69%	21.81%	21.81%	15.55%	8.18%	9.51%	12.50%	14.43%
Augmented Payout Ratio	19.12%	25.05%	229.69%	53.23%	23.47%	19.43%	9.20%	15.25%	15.66%	22.31%

This table displays calculated financial ratios and metrics derived from Mueller Industries' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.81%	-8.24%	-3.84%	-22.00%	-13.23%	-16.55%	-12.51%	11.23%	21.72%	26.10%	17.71%
EBITDA Growth	-10.75%	3.56%	7.10%	-21.01%	-11.59%	-23.70%	-19.52%	-1.93%	14.47%	24.46%	15.61%
EBIT Growth	-11.25%	3.83%	7.55%	-21.56%	-11.66%	-23.79%	-19.78%	-1.83%	14.15%	22.10%	12.12%
NOPAT Growth	-10.38%	9.60%	7.09%	-22.24%	-14.25%	-28.33%	-19.80%	-0.88%	20.94%	26.72%	14.49%
Net Income Growth	-9.55%	10.68%	9.95%	-13.48%	-12.90%	-14.93%	-19.07%	-8.97%	26.58%	17.86%	12.40%
EPS Growth	-9.55%	10.68%	9.95%	-13.48%	-12.90%	-14.40%	-21.43%	-9.62%	26.50%	15.89%	14.88%
Operating Cash Flow Growth	81.40%	58.99%	77.57%	-1.74%	-20.72%	-15.82%	55.55%	-27.63%	-6.56%	-19.60%	-34.60%
Free Cash Flow Firm Growth	212.57%	1,824.90%	435.65%	135.53%	41.51%	-14.64%	4.61%	-232.54%	-343.96%	-433.12%	-321.41%
Invested Capital Growth	2.27%	-4.06%	-5.86%	-8.00%	-4.66%	-5.40%	-10.17%	42.41%	57.84%	64.65%	69.95%
Revenue Q/Q Growth	-17.84%	-7.12%	10.67%	-7.64%	-8.61%	-10.66%	16.01%	17.43%	0.01%	-7.45%	8.30%
EBITDA Q/Q Growth	-23.58%	-15.08%	31.08%	-7.13%	-14.47%	-26.71%	35.96%	13.16%	-0.17%	-20.32%	28.43%
EBIT Q/Q Growth	-24.41%	-12.94%	28.65%	-7.36%	-14.86%	-24.90%	33.11%	13.36%	-0.99%	-19.67%	24.35%
NOPAT Q/Q Growth	-23.27%	-9.64%	21.86%	-7.96%	-15.39%	-24.47%	36.35%	13.76%	3.23%	-20.87%	23.19%
Net Income Q/Q Growth	-24.92%	-10.00%	24.86%	2.55%	-24.42%	-12.09%	18.79%	15.34%	5.10%	-18.15%	13.29%
EPS Q/Q Growth	-24.92%	-10.00%	24.86%	2.55%	-24.42%	-8.55%	13.08%	16.53%	4.96%	-16.22%	12.10%
Operating Cash Flow Q/Q Growth	120.49%	-33.72%	-46.09%	24.72%	77.90%	-29.63%	-0.37%	-41.97%	129.69%	-39.45%	-18.96%
Free Cash Flow Firm Q/Q Growth	18.34%	42.06%	30.44%	7.41%	-28.90%	-14.31%	59.85%	-236.09%	-30.87%	-17.02%	-6.24%
Invested Capital Q/Q Growth	-13.50%	-3.47%	6.60%	3.35%	-10.36%	-4.22%	1.23%	63.85%	-0.64%	-0.09%	4.49%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.17%	29.26%	30.11%	28.73%	29.37%	26.76%	28.36%	27.34%	27.60%	27.65%	27.19%
EBITDA Margin	22.84%	20.88%	24.73%	24.87%	23.27%	19.09%	22.75%	21.92%	21.88%	18.84%	22.34%
Operating Margin	21.71%	21.70%	23.59%	23.49%	22.08%	18.47%	21.59%	21.05%	20.71%	18.44%	20.62%
EBIT Margin	21.68%	20.32%	23.62%	23.70%	22.07%	18.56%	21.66%	20.91%	20.70%	17.97%	20.63%
Profit (Net Income) Margin	16.49%	15.98%	18.03%	20.02%	16.55%	16.29%	16.68%	16.38%	17.22%	15.22%	15.93%
Tax Burden Percent	75.70%	75.42%	73.74%	74.52%	71.82%	67.07%	70.31%	73.32%	78.88%	78.90%	75.41%
Interest Burden Percent	100.49%	104.27%	103.49%	113.37%	104.42%	130.88%	109.51%	106.84%	105.42%	107.39%	102.36%
Effective Tax Rate	24.79%	26.78%	25.84%	25.78%	26.91%	26.11%	25.72%	26.19%	22.59%	25.63%	24.37%
Return on Invested Capital (ROIC)	60.80%	58.19%	58.95%	52.56%	53.42%	45.05%	49.10%	37.14%	42.32%	38.77%	44.42%
ROIC Less NNEP Spread (ROIC-NNEP)	60.30%	58.01%	57.96%	48.82%	53.03%	43.20%	48.63%	36.24%	41.27%	37.65%	44.14%
Return on Net Nonoperating Assets (RNNOA)	-12.99%	-16.93%	-17.98%	-16.42%	-23.78%	-21.75%	-25.01%	-14.39%	-18.71%	-18.21%	-20.48%
Return on Equity (ROE)	47.81%	41.26%	40.97%	36.14%	29.64%	23.30%	24.10%	22.76%	23.61%	20.56%	23.93%
Cash Return on Invested Capital (CROIC)	56.55%	64.25%	62.84%	58.99%	60.30%	59.47%	59.44%	1.83%	-4.24%	-5.50%	-8.40%
Operating Return on Assets (OROA)	45.88%	40.76%	42.10%	37.83%	32.98%	25.38%	26.60%	25.20%	25.24%	22.39%	26.40%
Return on Assets (ROA)	34.90%	32.05%	32.13%	31.96%	24.73%	22.28%	20.48%	19.74%	20.99%	18.97%	20.38%
Return on Common Equity (ROCE)	46.98%	40.48%	40.23%	35.54%	29.19%	23.05%	23.83%	22.50%	23.32%	20.35%	23.73%
Return on Equity Simple (ROE_SIMPLE)	39.95%	0.00%	34.59%	30.75%	28.39%	0.00%	23.77%	22.00%	22.26%	0.00%	23.82%
Net Operating Profit after Tax (NOPAT)	154	139	170	156	132	100	136	155	160	127	156
NOPAT Margin	16.33%	15.89%	17.49%	17.43%	16.14%	13.64%	16.04%	15.54%	16.04%	13.71%	15.60%
Net Nonoperating Expense Percent (NNEP)	0.51%	0.18%	0.99%	3.74%	0.39%	1.84%	0.48%	0.90%	1.05%	1.12%	0.28%
Return On Investment Capital (ROIC_SIMPLE)	-	7.68%	-	-	-	4.23%	-	-	-	4.51%	5.81%
Cost of Revenue to Revenue	71.83%	70.74%	69.89%	71.27%	70.63%	73.24%	71.64%	72.66%	72.40%	72.35%	72.81%
SG&A Expenses to Revenue	5.31%	6.44%	5.42%	6.25%	5.89%	6.99%	5.69%	5.29%	5.97%	7.15%	6.31%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.46%	8.29%	6.52%	5.24%	7.29%	8.30%	6.77%	6.29%	6.88%	9.84%	6.57%
Earnings before Interest and Taxes (EBIT)	205	178	229	213	181	136	184	209	207	166	206
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	216	183	240	223	191	140	193	219	218	174	223
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.97	1.82	2.10	2.32	1.89	2.26	2.52	2.54	3.05	3.28	3.25
Price to Tangible Book Value (P/TBV)	2.26	2.07	2.35	2.57	2.08	2.47	2.74	3.42	4.02	4.22	4.22
Price to Revenue (P/Rev)	0.79	0.82	1.04	1.33	1.18	1.54	1.85	1.90	2.28	2.41	2.21
Price to Earnings (P/E)	4.96	4.95	6.11	7.60	6.76	8.76	10.75	11.75	13.93	15.03	13.90
Dividend Yield	1.56%	1.74%	1.46%	1.28%	1.55%	1.29%	1.21%	1.23%	1.04%	1.00%	1.11%
Earnings Yield	20.16%	20.20%	16.38%	13.15%	14.80%	11.41%	9.30%	8.51%	7.18%	6.65%	7.19%
Enterprise Value to Invested Capital (EV/IC)	2.43	2.38	2.89	3.37	2.89	3.93	4.61	3.35	4.31	4.81	4.47
Enterprise Value to Revenue (EV/Rev)	0.66	0.64	0.83	1.07	0.85	1.16	1.43	1.65	2.00	2.12	1.98
Enterprise Value to EBITDA (EV/EBITDA)	2.98	2.78	3.56	4.59	3.63	4.94	6.29	7.53	9.29	9.75	9.28
Enterprise Value to EBIT (EV/EBIT)	3.11	2.92	3.72	4.80	3.79	5.21	6.59	7.88	9.73	10.43	9.83
Enterprise Value to NOPAT (EV/NOPAT)	4.18	3.88	4.94	6.38	5.08	7.08	8.96	10.68	12.99	13.81	12.95
Enterprise Value to Operating Cash Flow (EV/OCF)	4.14	3.50	4.25	5.14	4.31	5.88	6.40	8.03	10.52	12.35	13.21
Enterprise Value to Free Cash Flow (EV/FCFF)	4.34	3.63	4.47	5.48	4.68	6.42	7.34	214.55	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.22	-0.29	-0.31	-0.34	-0.45	-0.50	-0.51	-0.40	-0.45	-0.48	-0.46
Leverage Ratio	1.38	1.29	1.30	1.25	1.22	1.20	1.21	1.20	1.18	1.17	1.19
Compound Leverage Factor	1.39	1.35	1.35	1.42	1.28	1.57	1.33	1.28	1.25	1.26	1.22
Debt to Total Capital	0.14%	0.11%	0.12%	0.09%	0.08%	0.04%	0.03%	0.03%	0.03%	0.04%	0.00%
Short-Term Debt to Total Capital	0.07%	0.04%	0.06%	0.03%	0.02%	0.03%	0.03%	0.03%	0.03%	0.04%	0.00%
Long-Term Debt to Total Capital	0.07%	0.07%	0.06%	0.06%	0.06%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.77%	1.27%	1.26%	1.25%	1.33%	0.90%	0.98%	1.04%	1.12%	1.11%	0.77%
Common Equity to Total Capital	98.09%	98.62%	98.62%	98.66%	98.59%	99.06%	98.99%	98.93%	98.85%	98.85%	99.23%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-0.61	-0.82	-0.93	-1.12	-1.43	-1.69	-1.91	-1.21	-1.36	-1.40	-1.14
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-0.86	-1.15	-1.28	-1.56	-2.01	-2.42	-2.72	-1.72	-1.90	-1.98	-1.60
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	8.34	8.52	8.82	10.48	9.72	11.38	11.63	11.06	13.06	14.44	12.95
Noncontrolling Interest Sharing Ratio	1.73%	1.89%	1.79%	1.68%	1.52%	1.06%	1.11%	1.13%	1.21%	1.02%	0.87%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.79	4.41	4.34	5.37	6.01	6.43	6.05	4.66	4.86	5.06	4.29
Quick Ratio	2.47	3.04	3.16	3.94	4.69	5.11	4.93	3.48	3.73	3.79	3.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	130	184	241	258	184	157	252	-343	-448	-525	-557
Operating Cash Flow to CapEx	5,182.98%	2,563.85%	1,500.65%	643.28%	2,433.77%	1,202.65%	1,283.45%	1,243.98%	1,121.45%	540.26%	0.00%
Free Cash Flow to Firm to Interest Expense	359.67	1,280.92	1,682.48	1,914.25	798.86	220.83	2,188.56	-3,201.04	-3,966.71	-6,993.52	-22,290.03
Operating Cash Flow to Interest Expense	865.31	1,437.72	780.55	1,031.20	1,076.78	244.43	1,509.78	941.59	2,047.89	1,868.28	4,542.36
Operating Cash Flow Less CapEx to Interest Expense	848.62	1,381.64	728.53	870.90	1,032.54	224.10	1,392.15	865.90	1,865.28	1,522.47	4,668.16
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.12	2.01	1.78	1.60	1.49	1.37	1.23	1.21	1.22	1.25	1.28
Accounts Receivable Turnover	8.68	9.35	7.22	6.89	8.38	9.35	7.11	6.92	7.86	9.40	8.02
Inventory Turnover	6.91	6.52	6.05	5.56	5.95	5.87	5.84	5.62	6.55	6.47	6.78
Fixed Asset Turnover	10.91	10.40	10.40	9.52	9.50	8.94	8.59	7.92	8.10	8.37	8.65
Accounts Payable Turnover	17.10	18.56	13.79	14.38	16.30	19.59	13.93	13.85	15.93	18.52	14.82
Days Sales Outstanding (DSO)	42.03	39.05	50.52	52.96	43.53	39.05	51.33	52.72	46.41	38.82	45.52
Days Inventory Outstanding (DIO)	52.84	56.01	60.29	65.66	61.34	62.18	62.52	64.97	55.75	56.44	53.84
Days Payable Outstanding (DPO)	21.35	19.67	26.47	25.38	22.39	18.64	26.21	26.35	22.91	19.71	24.63
Cash Conversion Cycle (CCC)	73.52	75.39	84.35	93.24	82.48	82.60	87.64	91.34	79.25	75.55	74.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,103	1,065	1,135	1,173	1,052	1,007	1,020	1,671	1,660	1,658	1,733
Invested Capital Turnover	3.72	3.66	3.37	3.01	3.31	3.30	3.06	2.39	2.64	2.83	2.85
Increase / (Decrease) in Invested Capital	24	-45	-71	-102	-51	-58	-115	498	608	651	713
Enterprise Value (EV)	2,678	2,534	3,284	3,957	3,038	3,954	4,702	5,593	7,152	7,979	7,742
Market Capitalization	3,200	3,260	4,111	4,901	4,208	5,284	6,106	6,468	8,171	9,094	8,675
Book Value per Share	$28.67	$31.49	$34.41	$37.13	$39.12	$20.59	$21.33	$22.41	$23.63	$24.38	$23.54
Tangible Book Value per Share	$24.92	$27.76	$30.69	$33.42	$35.64	$18.84	$19.61	$16.67	$17.94	$18.95	$18.13
Total Capital	1,657	1,816	1,990	2,145	2,253	2,360	2,449	2,574	2,710	2,806	2,687
Total Debt	2.31	2.03	2.36	1.94	1.86	0.98	0.84	0.86	0.95	1.09	0.13
Total Long-Term Debt	1.18	1.22	1.25	1.27	1.30	0.19	0.13	0.07	0.02	0.00	0.00
Net Debt	-552	-749	-852	-970	-1,200	-1,351	-1,429	-902	-1,049	-1,146	-954
Capital Expenditures (CapEx)	6.03	8.08	7.44	22	10	14	14	8.10	21	26	-3.15
Debt-free, Cash-free Net Working Capital (DFCFNWC)	564	508	579	609	510	455	466	593	553	556	630
Debt-free Net Working Capital (DFNWC)	1,047	1,187	1,361	1,508	1,615	1,724	1,824	1,418	1,523	1,615	1,504
Net Working Capital (NWC)	1,046	1,186	1,360	1,507	1,614	1,723	1,823	1,418	1,522	1,614	1,504
Net Nonoperating Expense (NNE)	-1.52	-0.82	-5.19	-23	-3.40	-19	-5.46	-8.44	-12	-14	-3.29
Net Nonoperating Obligations (NNO)	-552	-749	-852	-970	-1,200	-1,351	-1,429	-902	-1,049	-1,146	-954
Total Depreciation and Amortization (D&A)	11	4.90	11	11	9.80	3.90	9.25	10	12	8.06	17
Debt-free, Cash-free Net Working Capital to Revenue	13.88%	12.76%	14.68%	16.51%	14.31%	13.29%	14.13%	17.43%	15.46%	14.76%	16.08%
Debt-free Net Working Capital to Revenue	25.78%	29.81%	34.52%	40.86%	45.29%	50.39%	55.29%	41.72%	42.56%	42.86%	38.37%
Net Working Capital to Revenue	25.76%	29.79%	34.49%	40.84%	45.27%	50.37%	55.27%	41.70%	42.53%	42.83%	38.37%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.39	$0.63	$1.56	$1.60	$1.19	$1.07	$1.24	$1.44	$1.51	$1.24	$1.42
Adjusted Weighted Average Basic Shares Outstanding	111.18M	223.12M	111.39M	111.32M	111.42M	111.42M	111.42M	111.22M	111.36M	111.39M	110.74M
Adjusted Diluted Earnings per Share	$1.37	$0.63	$1.54	$1.56	$1.17	$1.07	$1.21	$1.41	$1.48	$1.24	$1.39
Adjusted Weighted Average Diluted Shares Outstanding	112.85M	226.22M	112.80M	114M	113.87M	113.66M	114.15M	113.98M	113.78M	113.97M	113.07M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.63	$0.00	$0.00	$0.00	$1.07	$0.00	$0.00	$0.00	$1.24	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	113.73M	114.05M	113.99M	113.56M	113.53M	113.63M	113.60M	113.32M	113.74M	113.27M	110.65M
Normalized Net Operating Profit after Tax (NOPAT)	154	143	170	142	137	100	136	155	158	127	145
Normalized NOPAT Margin	16.33%	16.35%	17.49%	15.82%	16.67%	13.64%	16.04%	15.54%	15.83%	13.71%	14.50%
Pre Tax Income Margin	21.79%	21.19%	24.45%	26.86%	23.05%	24.29%	23.72%	22.34%	21.82%	19.30%	21.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	567.42	1,238.44	1,604.42	1,574.38	786.80	190.62	1,600.48	1,950.00	1,828.12	2,212.56	8,254.16
NOPAT to Interest Expense	427.41	968.19	1,188.12	1,158.36	575.25	140.15	1,184.80	1,448.65	1,416.05	1,688.35	6,239.81
EBIT Less CapEx to Interest Expense	550.73	1,182.37	1,552.41	1,414.07	742.56	170.29	1,482.84	1,874.31	1,645.51	1,866.75	8,379.96
NOPAT Less CapEx to Interest Expense	410.72	912.11	1,136.11	998.06	531.01	119.83	1,067.17	1,372.96	1,233.44	1,342.54	6,365.61
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	7.57%	9.51%	11.75%	10.52%	11.31%	12.50%	14.18%	15.58%	15.57%	14.43%	16.75%
Augmented Payout Ratio	14.18%	15.25%	16.78%	14.19%	14.37%	15.66%	22.37%	23.25%	23.74%	22.31%	58.37%

Frequently Asked Questions About Mueller Industries' Financials

When does Mueller Industries's financial year end?

According to the most recent income statement we have on file, Mueller Industries' fiscal year ends in December. Their fiscal year 2024 ended on December 28, 2024.

How has Mueller Industries' net income changed over the last 9 years?

Mueller Industries' net income appears to be on an upward trend, with a most recent value of $617.54 million in 2024, rising from $88.41 million in 2015. The previous period was $609.65 million in 2023.

What is Mueller Industries's operating income?

Mueller Industries's total operating income in 2024 was $770.39 million, based on the following breakdown:

Total Gross Profit: $1.04 billion
Total Operating Expenses: $279.83 million

How has Mueller Industries revenue changed over the last 9 years?

Over the last 9 years, Mueller Industries' total revenue changed from $2.10 billion in 2015 to $3.77 billion in 2024, a change of 79.5%.

How much debt does Mueller Industries have?

Mueller Industries' total liabilities were at $486.50 million at the end of 2024, a 21.4% increase from 2023, and a 1.5% increase since 2015.

How much cash does Mueller Industries have?

In the past 9 years, Mueller Industries' cash and equivalents has ranged from $72.62 million in 2018 to $1.17 billion in 2023, and is currently $1.04 billion as of their latest financial filing in 2024.

How has Mueller Industries' book value per share changed over the last 9 years?

Over the last 9 years, Mueller Industries' book value per share changed from 14.47 in 2015 to 24.38 in 2024, a change of 68.5%.

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This page (NYSE:MLI) was last updated on 4/30/2025 by MarketBeat.com Staff

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Mueller Industries (MLI) Financials

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Mueller Industries (MLI) Financials

Annual Income Statements for Mueller Industries

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