Mueller Industries (MLI) Financials

$136.26 +5.41 (+4.13%)

Closing price 05/5/2026 03:59 PM Eastern

Extended Trading

$135.98 -0.28 (-0.21%)

As of 05/5/2026 07:53 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	2025
Period end date	12/26/2015	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Net Income / (Loss) Attributable to Common Shareholders	88	100	86	104	101	139	469	658	603	605	765
Consolidated Net Income / (Loss)	88	100	87	107	106	144	475	663	610	618	774
Net Income / (Loss) Continuing Operations	88	100	87	107	106	144	475	663	610	618	774
Total Pre-Tax Income	132	146	127	150	166	209	641	876	845	820	1,012
Total Operating Income	137	154	151	173	191	246	656	877	756	770	959
Total Gross Profit	290	332	325	357	395	432	830	1,118	987	1,044	1,212
Total Revenue	2,100	2,056	2,266	2,508	2,431	2,398	3,769	3,982	3,420	3,769	4,179
Operating Revenue	2,100	2,056	2,266	2,508	2,431	2,398	3,769	3,982	3,420	3,769	4,179
Total Cost of Revenue	1,810	1,723	1,941	2,150	2,036	1,966	2,939	2,865	2,434	2,724	2,966
Operating Cost of Revenue	1,810	1,723	1,941	2,150	2,036	1,966	2,939	2,865	2,434	2,724	2,966
Total Operating Expenses	153	178	175	185	205	186	175	247	231	280	254
Selling, General & Admin Expense	130	136	141	149	162	159	184	203	208	227	249
Depreciation Expense	35	35	34	40	43	45	45	44	40	53	69
Other Operating Expenses / (Income)	-12	0.00	0.00	-	0.00	0.00	-58	0.00	-4.14	0.00	0.00
Impairment Charge	0.00	6.78	1.47	0.00	0.00	3.77	2.83	0.00	6.26	0.00	3.74
Other Special Charges / (Income)	-	0.00	-1.49	-3.93	-0.49	-22	0.00	0.00	-19	0.00	-67
Total Other Income / (Expense), net	-5.48	-8.37	-24	-23	-25	-37	-9.03	-1.12	82	49	54
Interest Expense	7.67	7.39	20	25	26	19	7.71	0.81	1.22	0.41	4.94
Interest & Investment Income	-	-	-	-1.32	-	-	0.35	9.38	80	54	60
Other Income / (Expense), net	2.19	-0.98	-4.33	3.97	0.36	-17	-1.68	-9.68	2.79	-5.16	-0.86
Income Tax Expense	43	48	38	31	35	55	166	223	221	205	247
Other Gains / (Losses), net	0.00	1.86	-2.08	-13	-25	-10	-0.16	10	-15	2.16	8.58
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	8.40
Basic Earnings per Share	$1.56	$1.76	$1.50	$1.84	$1.81	$2.50	$4.18	$5.90	$5.41	$5.43	$6.99
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	109.48M
Diluted Earnings per Share	$1.54	$1.74	$1.49	$1.82	$1.79	$2.47	$4.12	$5.82	$5.30	$5.31	$6.86
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	111.49M
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	110.96M
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	$1.00

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
Net Income / (Loss) Attributable to Common Shareholders	133	119	138	160	169	138	157	246	208	154	239
Consolidated Net Income / (Loss)	136	119	142	163	172	141	159	248	210	156	241
Net Income / (Loss) Continuing Operations	136	119	142	163	172	141	159	248	210	156	241
Total Pre-Tax Income	189	178	202	223	218	178	211	324	280	196	321
Total Operating Income	181	135	183	210	207	170	206	304	276	172	312
Total Gross Profit	241	196	241	273	275	255	272	353	340	248	358
Total Revenue	820	732	850	998	998	924	1,000	1,138	1,078	962	1,193
Operating Revenue	820	732	850	998	998	924	1,000	1,138	1,078	962	1,193
Total Cost of Revenue	579	536	609	725	722	668	728	785	738	715	835
Operating Cost of Revenue	579	536	609	725	722	668	728	785	738	715	835
Total Operating Expenses	60	61	58	63	69	91	66	49	64	76	46
Selling, General & Admin Expense	48	51	48	53	60	66	63	68	62	56	67
Depreciation Expense	9.63	9.25	9.17	10	12	22	17	18	17	17	17
Other Operating Expenses / (Income)	-4.14	-	-	-	-	-	0.00	-	-	-	-41
Impairment Charge	5.93	-	-	-	0.00	-	0.00	-	2.02	-	2.65
Other Special Charges / (Income)	0.00	-	0.00	0.00	-2.67	-	-14	-37	-17	0.78	1.53
Total Other Income / (Expense), net	7.95	35	18	13	11	6.69	4.96	20	4.34	24	8.60
Interest Expense	0.23	0.71	0.12	0.11	0.11	0.08	0.03	0.02	4.84	0.06	0.00
Interest & Investment Income	8.23	35	18	14	11	11	4.89	21	8.55	25	9.83
Other Income / (Expense), net	-0.05	0.67	0.63	-1.36	-0.12	-4.32	0.09	-1.14	0.63	-0.43	-1.23
Income Tax Expense	51	46	52	58	49	46	51	79	74	43	80
Other Gains / (Losses), net	-2.41	-12	-8.01	-1.10	3.20	8.06	-0.46	2.90	3.70	2.44	0.12
Net Income / (Loss) Attributable to Noncontrolling Interest	3.00	0.06	3.35	3.28	3.08	2.95	1.86	2.56	2.13	1.86	2.37
Basic Earnings per Share	$1.19	$1.07	$1.24	$1.44	$1.51	$1.24	$1.42	$2.26	$1.91	$1.40	$2.19
Weighted Average Basic Shares Outstanding	111.42M	111.42M	111.42M	111.22M	111.36M	111.39M	110.74M	108.75M	109.11M	109.48M	109.09M
Diluted Earnings per Share	$1.17	$1.07	$1.21	$1.41	$1.48	$1.24	$1.39	$2.22	$1.88	$1.40	$2.16
Weighted Average Diluted Shares Outstanding	113.87M	113.66M	114.15M	113.98M	113.78M	113.97M	113.07M	110.94M	110.93M	111.49M	110.91M
Weighted Average Basic & Diluted Shares Outstanding	113.53M	113.63M	113.60M	113.32M	113.74M	113.27M	110.65M	110.70M	111.01M	110.96M	110.57M
Cash Dividends to Common per Share	$0.15	$0.23	$0.20	$0.20	$0.20	$0.20	$0.25	$0.25	$0.25	$0.25	$0.35

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	2025
Period end date	12/26/2015	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Net Change in Cash & Equivalents	-77	82	-234	-49	21	29	-37	375	709	-135	346
Net Cash From Operating Activities	160	158	44	168	201	245	312	724	673	646	755
Net Cash From Continuing Operating Activities	160	158	44	168	201	245	312	724	673	646	755
Net Income / (Loss) Continuing Operations	88	100	87	107	106	144	475	663	610	618	774
Consolidated Net Income / (Loss)	88	100	87	107	106	144	475	663	610	618	774
Depreciation Expense	31	31	31	35	37	39	39	38	35	39	48
Amortization Expense	4.48	4.88	3.45	4.76	5.67	6.45	6.54	5.93	5.88	14	21
Non-Cash Adjustments To Reconcile Net Income	-9.67	11	9.38	19	36	36	-39	3.29	-19	41	-41
Changes in Operating Assets and Liabilities, net	46	12	-87	2.43	15	21	-170	14	41	-66	-45
Net Cash From Investing Activities	-191	-48	-36	-187	-40	-126	29	-242	135	-607	-25
Net Cash From Continuing Investing Activities	-191	-48	-36	-187	-40	-126	29	-242	135	-607	-25
Purchase of Property, Plant & Equipment	-29	-37	-46	-38	-31	-44	-32	-38	-54	-80	-69
Acquisitions	-106	-21	-18	-168	3.47	-73	-30	0.00	0.00	-603	0.00
Purchase of Investments	-66	0.00	-3.32	-1.61	-16	0.00	-1.61	-218	-110	-37	-89
Sale of Property, Plant & Equipment	5.54	10	32	19	3.24	0.18	2.30	7.85	0.28	12	39
Sale and/or Maturity of Investments	-	-	-	-	0.00	0.00	8.54	0.00	273	98	88
Other Investing Activities, net	4.33	0.00	0.00	1.97	0.00	-9.27	0.00	5.65	26	2.30	6.38
Net Cash From Financing Activities	-41	-23	-245	-28	-140	-92	-377	-103	-105	-160	-395
Net Cash From Continuing Financing Activities	-41	-23	-245	-28	-140	-92	-377	-103	-105	-160	-395
Repayment of Debt	-1.00	0.23	-115	-175	-211	-247	-927	-0.14	-0.27	0.18	-0.19
Repurchase of Common Equity	-	0.00	0.00	-34	-1.76	-5.57	-4.86	-38	-19	-49	-244
Payment of Dividends	-17	-25	-200	-23	-23	-22	-39	-63	-76	-89	-121
Other Financing Activities, net	0.21	-1.31	-1.60	-0.73	-4.40	-7.23	-1.17	-1.43	-8.76	-23	-30
Effect of Exchange Rate Changes	-4.83	-5.69	2.95	-1.95	0.51	2.15	-1.05	-4.37	5.59	-14	10

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 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
Net Change in Cash & Equivalents	208	193	191	-523	124	73	-197	165	256	122	1.65
Net Cash From Operating Activities	248	174	174	101	231	140	114	191	310	141	80
Net Cash From Continuing Operating Activities	248	174	174	102	231	140	114	191	310	141	80
Net Income / (Loss) Continuing Operations	136	119	142	163	172	141	159	248	210	156	241
Consolidated Net Income / (Loss)	136	119	142	163	172	141	159	248	210	156	241
Depreciation Expense	9.80	3.90	9.25	10	12	8.06	17	18	17	-3.84	17
Non-Cash Adjustments To Reconcile Net Income	11	-13	29	12	0.85	1.24	0.06	-33	-3.99	-4.67	-25
Changes in Operating Assets and Liabilities, net	91	58	-6.67	-83	47	-24	-63	-43	87	-27	-153
Net Cash From Investing Activities	-14	41	70	-583	-59	-36	-23	-10	0.70	7.88	39
Net Cash From Continuing Investing Activities	-14	41	70	-583	-59	-36	-23	-10	0.70	7.88	39
Purchase of Property, Plant & Equipment	-10	-15	-16	-9.20	-26	-29	-17	-14	-18	-20	-17
Purchase of Investments	-4.00	-	0.00	-	-4.29	-16	-27	-	-0.23	-62	-0.83
Sale of Property, Plant & Equipment	0.07	0.07	2.88	1.10	5.05	2.98	20	1.40	17	0.03	0.01
Divestitures	-	-	-	-	-	-	0.00	-	-	-	57
Other Investing Activities, net	0.30	-	-13	8.70	-	6.10	0.60	2.66	1.88	1.25	0.00
Net Cash From Financing Activities	-23	-26	-53	-37	-49	-22	-288	-27	-53	-27	-115
Net Cash From Continuing Financing Activities	-23	-26	-53	-37	-49	-22	-288	-27	-53	-27	-115
Repayment of Debt	-0.18	0.18	-0.13	0.03	0.08	0.20	-0.06	-0.06	-0.07	-	3.10
Repurchase of Common Equity	-	-	-28	-15	-5.69	-	-244	-	-	-	-75
Payment of Dividends	-17	-26	-22	-22	-22	-22	-40	-27	-27	-27	-43
Other Financing Activities, net	-6.53	0.36	-2.49	0.49	-21	0.08	-4.49	0.31	-25	-	-0.54
Effect of Exchange Rate Changes	-2.51	3.28	-0.67	-4.11	0.08	-9.11	0.39	11	-1.88	0.51	-1.81

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	2025
Period end date	12/26/2015	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Total Assets	1,339	1,447	1,320	1,370	1,371	1,529	1,729	2,242	2,759	3,291	3,733
Total Current Assets	800	894	739	703	694	825	1,019	1,535	2,040	2,012	2,446
Cash & Equivalents	275	351	120	73	98	119	88	461	1,171	1,037	1,367
Short-Term Investments	-	-	-	-	-	-	0.00	218	98	22	23
Accounts Receivable	252	256	245	273	270	358	472	380	352	450	476
Inventories, net	239	242	328	330	292	315	430	449	380	462	510
Other Current Assets	35	45	46	27	34	34	29	27	39	41	70
Plant, Property, & Equipment, net	280	295	304	371	363	377	386	380	385	515	536
Total Noncurrent Assets	258	258	277	296	314	327	324	328	334	764	751
Long-Term Investments	66	77	76	58	48	38	61	72	83	88	109
Goodwill	120	124	130	150	153	168	171	158	152	311	298
Intangible Assets	41	36	42	62	60	77	62	55	46	306	287
Other Noncurrent Operating Assets	31	21	28	26	52	44	30	43	53	58	57
Total Liabilities & Shareholders' Equity	1,339	1,447	1,320	1,370	1,371	1,529	1,729	2,242	2,759	3,291	3,733
Total Liabilities	479	511	784	806	709	728	472	428	401	486	497
Total Current Liabilities	209	219	242	233	234	340	382	348	317	398	413
Accounts Payable	88	103	103	104	86	148	181	128	120	174	181
Current Employee Benefit Liabilities	36	35	34	39	42	46	50	62	56	60	58
Other Current Liabilities	74	67	90	83	99	104	151	158	140	163	174
Total Noncurrent Liabilities	270	292	542	573	475	388	90	80	83	89	84
Asset Retirement Reserve & Litigation Obligation	21	21	24	20	20	21	18	16	15	15	16
Noncurrent Deferred & Payable Income Tax Liabilities	7.16	20	19	17	21	17	14	16	19	26	32
Noncurrent Employee Benefit Liabilities	35	31	29	29	22	27	18	13	12	11	8.39
Other Noncurrent Operating Liabilities	2.44	6.28	21	18	33	36	39	33	37	36	28
Commitments & Contingencies	0.00	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	3,236
Total Preferred & Common Equity	827	899	522	548	643	777	1,222	1,791	2,337	2,773	3,210
Preferred Stock	0.00	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	3,210
Common Stock	272	274	275	278	279	281	287	298	314	332	347
Retained Earnings	1,064	1,142	744	825	903	1,020	1,458	2,060	2,594	3,108	3,762
Treasury Stock	-453	-450	-446	-474	-470	-469	-470	-503	-523	-587	-847
Accumulated Other Comprehensive Income / (Loss)	-55	-67	-51	-80	-69	-55	-53	-64	-47	-80	-51
Noncontrolling Interest	32	38	14	15	19	24	35	23	21	31	26

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	Q2 2025	Q3 2025	Q1 2026
Period end date	9/24/2022	4/1/2023	7/1/2023	9/30/2023	3/30/2024	6/29/2024	9/28/2024	3/29/2025	6/28/2025	9/27/2025	3/28/2026
Total Assets	2,110	2,480	2,576	2,664	2,894	3,066	3,206	3,231	3,487	3,696	3,942
Total Current Assets	1,421	1,767	1,852	1,937	2,185	1,805	1,916	1,960	2,214	2,428	2,672
Cash & Equivalents	483	611	771	980	1,358	826	965	830	1,002	1,261	1,382
Short-Term Investments	-	171	127	125	0.00	0.00	4.45	43	57	54	21
Accounts Receivable	441	503	459	409	424	523	501	553	593	557	671
Inventories, net	455	453	466	392	357	406	400	482	512	510	545
Other Current Assets	42	28	28	31	45	50	45	51	51	46	53
Plant, Property, & Equipment, net	374	377	387	377	391	471	506	515	533	531	530
Total Noncurrent Assets	315	335	338	350	319	790	784	756	740	737	740
Long-Term Investments	70	72	73	97	72	77	80	81	84	86	107
Goodwill	157	158	159	151	151	609	600	311	298	298	298
Intangible Assets	56	54	53	47	45	43	46	301	298	292	282
Other Noncurrent Operating Assets	32	51	53	56	52	60	58	63	60	61	54
Total Liabilities & Shareholders' Equity	2,110	2,480	2,576	2,664	2,894	3,066	3,206	3,231	3,487	3,696	3,942
Total Liabilities	455	492	433	413	446	493	497	544	547	601	582
Total Current Liabilities	375	407	345	323	361	387	394	456	456	503	499
Accounts Payable	167	179	155	142	160	199	184	224	212	188	244
Current Employee Benefit Liabilities	54	37	45	49	30	42	48	36	45	54	38
Other Current Liabilities	153	190	144	131	170	146	161	197	198	262	218
Total Noncurrent Liabilities	80	85	89	90	85	106	104	88	91	97	82
Asset Retirement Reserve & Litigation Obligation	16	16	16	15	15	15	15	15	15	15	16
Noncurrent Deferred & Payable Income Tax Liabilities	11	18	19	19	23	20	25	28	32	38	32
Noncurrent Employee Benefit Liabilities	17	11	12	13	11	12	12	8.43	8.74	8.79	8.37
Other Noncurrent Operating Liabilities	35	39	41	42	35	59	52	36	35	36	26
Commitments & Contingencies	0.00	0.00	0.00	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	2,941	3,096	3,361
Total Preferred & Common Equity	1,625	1,962	2,116	2,221	2,424	2,546	2,678	2,666	2,917	3,070	3,334
Preferred Stock	0.00	0.00	0.00	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	2,917	3,070	3,334
Common Stock	295	304	311	314	320	327	325	339	347	343	354
Retained Earnings	1,935	2,216	2,377	2,492	2,710	2,847	2,993	3,238	3,456	3,636	3,962
Treasury Stock	-506	-506	-525	-530	-554	-569	-586	-835	-835	-850	-923
Accumulated Other Comprehensive Income / (Loss)	-99	-52	-46	-55	-52	-60	-53	-75	-51	-58	-59
Noncontrolling Interest	29	25	27	30	24	27	30	21	24	26	26

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	2025
Period end date	12/26/2015	12/31/2016	12/30/2017	12/29/2018	12/28/2019	12/26/2020	12/25/2021	12/31/2022	12/30/2023	12/28/2024	12/27/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-11.18%	-2.11%	10.24%	10.67%	-3.08%	-1.34%	57.18%	5.65%	-14.11%	10.19%	10.87%
EBITDA Growth	-7.10%	8.38%	-4.44%	19.97%	8.29%	16.54%	155.79%	30.25%	-12.27%	2.37%	25.37%
EBIT Growth	-9.30%	10.01%	-4.53%	20.80%	8.38%	19.12%	186.37%	32.61%	-12.52%	0.84%	25.15%
NOPAT Growth	-13.68%	12.40%	2.23%	29.83%	9.75%	19.93%	168.87%	34.42%	-14.53%	3.45%	25.36%
Net Income Growth	-13.78%	12.84%	-12.77%	22.77%	-0.55%	35.22%	230.75%	39.50%	-8.02%	1.29%	25.27%
EPS Growth	-13.97%	12.99%	-14.37%	22.15%	-1.65%	37.99%	230.75%	39.50%	-8.93%	0.19%	29.19%
Operating Cash Flow Growth	76.16%	-1.15%	-72.12%	281.62%	19.45%	22.20%	27.19%	132.26%	-7.07%	-3.99%	16.96%
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%	980.04%
Invested Capital Growth	7.33%	0.06%	9.39%	15.53%	-2.93%	7.74%	14.19%	-4.06%	-5.40%	64.65%	4.77%
Revenue Q/Q Growth	-3.02%	0.01%	2.32%	1.44%	-0.62%	5.83%	8.04%	-1.94%	-4.07%	5.34%	0.94%
EBITDA Q/Q Growth	-1.62%	6.50%	-4.10%	16.92%	2.95%	2.54%	23.66%	1.36%	-4.49%	6.28%	1.43%
EBIT Q/Q Growth	-5.72%	5.89%	-8.13%	17.37%	0.85%	-0.01%	24.28%	0.76%	-5.29%	4.09%	0.59%
NOPAT Q/Q Growth	-7.83%	9.10%	-6.43%	14.18%	3.19%	5.88%	20.15%	1.91%	-6.62%	4.91%	1.12%
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%	1.97%
EPS Q/Q Growth	-4.94%	1.75%	-11.83%	25.52%	1.13%	6.47%	23.19%	2.08%	-5.19%	0.76%	-0.15%
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%	0.14%
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%	-5.45%
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%	2.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	13.82%	16.16%	14.36%	14.25%	16.25%	18.01%	22.03%	28.06%	28.85%	27.71%	29.02%
EBITDA Margin	8.31%	9.20%	7.98%	8.65%	9.66%	11.41%	18.57%	22.89%	23.38%	21.72%	24.56%
Operating Margin	6.54%	7.51%	6.66%	6.90%	7.87%	10.25%	17.40%	22.03%	22.10%	20.44%	22.94%
EBIT Margin	6.64%	7.46%	6.46%	7.06%	7.89%	9.53%	17.36%	21.78%	22.19%	20.30%	22.92%
Profit (Net Income) Margin	4.21%	4.85%	3.84%	4.26%	4.37%	5.99%	12.60%	16.64%	17.82%	16.39%	18.51%
Tax Burden Percent	67.08%	68.31%	68.53%	71.02%	63.96%	68.67%	74.11%	75.66%	72.13%	75.27%	76.41%
Interest Burden Percent	94.50%	95.19%	86.69%	85.01%	86.61%	91.57%	98.01%	100.99%	111.38%	107.22%	105.71%
Effective Tax Rate	32.92%	32.96%	29.84%	20.58%	21.23%	26.45%	25.87%	25.49%	26.12%	25.00%	24.43%
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%	42.66%
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%	38.93%
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%	-17.05%
Return on Equity (ROE)	10.68%	11.11%	11.82%	19.43%	17.34%	19.64%	46.17%	43.17%	29.22%	23.92%	25.61%
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%	38.00%
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%	27.27%
Return on Assets (ROA)	6.63%	7.16%	6.29%	7.94%	7.75%	9.91%	29.17%	33.38%	24.38%	20.41%	22.03%
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%	25.37%
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%	0.00%
Net Operating Profit after Tax (NOPAT)	92	104	106	137	151	181	486	654	559	578	724
NOPAT Margin	4.38%	5.04%	4.67%	5.48%	6.20%	7.54%	12.90%	16.41%	16.33%	15.33%	17.33%
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%	3.72%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	35.99%	23.67%	20.60%	22.38%
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%	70.98%
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%	5.95%
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	7.29%	8.65%	7.71%	7.36%	8.42%	7.76%	4.63%	6.20%	6.75%	7.43%	6.08%
Earnings before Interest and Taxes (EBIT)	139	153	146	177	192	228	654	867	759	765	958
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	174	189	181	217	235	274	700	912	800	819	1,026
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	4.09
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	5.00
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	3.14
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	17.14
Dividend Yield	1.21%	1.04%	1.24%	1.85%	1.35%	1.21%	0.92%	1.74%	1.29%	1.00%	0.85%
Earnings Yield	6.18%	4.84%	4.59%	8.38%	5.97%	7.37%	14.52%	20.20%	11.41%	6.65%	5.83%
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	6.70
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	2.79
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	11.34
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	12.16
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	16.07
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	15.41
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	18.04
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	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	0.00
Financial Leverage	-0.14	-0.18	0.05	0.58	0.49	0.28	0.01	-0.29	-0.50	-0.48	-0.44
Leverage Ratio	1.61	1.55	1.88	2.45	2.24	1.98	1.58	1.29	1.20	1.17	1.16
Compound Leverage Factor	1.52	1.48	1.63	2.08	1.94	1.81	1.55	1.31	1.34	1.26	1.23
Debt to Total Capital	20.08%	19.54%	46.46%	46.86%	36.84%	29.04%	0.15%	0.11%	0.04%	0.04%	0.00%
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%	0.00%
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%	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	3.01%	3.24%	1.39%	1.41%	1.78%	2.15%	2.77%	1.27%	0.90%	1.11%	0.80%
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%	99.20%
Debt to EBITDA	1.24	1.20	2.57	2.29	1.65	1.20	0.00	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	0.00
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	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	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	0.00
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	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	19.86
Noncontrolling Interest Sharing Ratio	3.97%	3.91%	3.51%	2.62%	2.74%	2.94%	2.87%	1.89%	1.06%	1.02%	0.95%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.82	4.08	3.05	3.02	2.96	2.43	2.66	4.41	6.43	5.06	5.92
Quick Ratio	2.51	2.77	1.51	1.49	1.57	1.40	1.46	3.04	5.11	3.79	4.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	42	103	37	12	178	111	348	699	616	-73	645
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%	2,493.46%
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	130.65
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	152.99
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	146.85
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.57	1.48	1.64	1.86	1.77	1.65	2.31	2.01	1.37	1.25	1.19
Accounts Receivable Turnover	7.98	8.10	9.04	9.68	8.95	7.64	9.09	9.35	9.35	9.40	9.03
Inventory Turnover	7.30	7.16	6.81	6.54	6.55	6.48	7.89	6.52	5.87	6.47	6.10
Fixed Asset Turnover	7.98	7.14	7.56	7.43	6.63	6.48	9.89	10.40	8.94	8.37	7.95
Accounts Payable Turnover	19.17	18.03	18.87	20.85	21.50	16.85	17.89	18.56	19.59	18.52	16.74
Days Sales Outstanding (DSO)	45.77	45.09	40.36	37.71	40.80	47.75	40.16	39.05	39.05	38.82	40.43
Days Inventory Outstanding (DIO)	50.02	50.97	53.60	55.82	55.76	56.35	46.28	56.01	62.18	56.44	59.85
Days Payable Outstanding (DPO)	19.04	20.25	19.34	17.50	16.98	21.66	20.40	19.67	18.64	19.71	21.80
Cash Conversion Cycle (CCC)	76.74	75.81	74.61	76.02	79.57	82.44	66.03	75.39	82.60	75.55	78.48
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	735	735	804	929	902	972	1,110	1,065	1,007	1,658	1,738
Invested Capital Turnover	2.96	2.80	2.94	2.89	2.65	2.56	3.62	3.66	3.30	2.83	2.46
Increase / (Decrease) in Invested Capital	50	0.41	69	125	-27	70	138	-45	-58	651	79
Enterprise Value (EV)	1,330	1,898	2,146	1,627	1,951	2,089	3,113	2,534	3,954	7,979	11,642
Market Capitalization	1,422	2,061	1,863	1,246	1,692	1,894	3,226	3,260	5,284	9,094	13,114
Book Value per Share	$14.47	$15.66	$9.03	$9.51	$11.30	$13.61	$21.30	$31.49	$20.59	$24.38	$28.92
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	$23.64
Total Capital	1,076	1,164	1,001	1,060	1,048	1,129	1,259	1,816	2,360	2,806	3,236
Total Debt	216	227	465	497	386	328	1.88	2.03	0.98	1.09	0.00
Total Long-Term Debt	204	214	449	490	379	287	1.06	1.22	0.19	0.00	0.00
Net Debt	-125	-201	268	366	240	171	-147	-749	-1,351	-1,146	-1,498
Capital Expenditures (CapEx)	23	27	15	20	28	44	30	30	54	68	30
Debt-free, Cash-free Net Working Capital (DFCFNWC)	328	338	393	404	369	408	549	508	455	556	643
Debt-free Net Working Capital (DFNWC)	603	689	513	477	467	527	637	1,187	1,724	1,615	2,033
Net Working Capital (NWC)	591	675	497	470	459	486	637	1,186	1,723	1,614	2,033
Net Nonoperating Expense (NNE)	3.68	3.75	19	31	45	37	11	-9.28	-51	-40	-49
Net Nonoperating Obligations (NNO)	-125	-201	268	366	240	171	-147	-749	-1,351	-1,146	-1,498
Total Depreciation and Amortization (D&A)	35	36	34	40	43	45	46	44	41	53	69
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%	15.39%
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%	48.64%
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%	48.64%
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	$6.99
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	109.48M
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	$6.86
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	111.49M
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	$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	110.96M
Normalized Net Operating Profit after Tax (NOPAT)	92	108	106	134	150	167	488	654	549	578	677
Normalized NOPAT Margin	4.38%	5.26%	4.67%	5.35%	6.19%	6.98%	12.95%	16.41%	16.05%	15.33%	16.19%
Pre Tax Income Margin	6.28%	7.10%	5.60%	6.00%	6.83%	8.72%	17.01%	22.00%	24.71%	21.77%	24.23%
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	193.94
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	146.69
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	187.81
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	140.55
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%	15.68%
Augmented Payout Ratio	19.12%	25.05%	229.69%	53.23%	23.47%	19.43%	9.20%	15.25%	15.66%	22.31%	47.17%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	110,964,294.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	110,964,294.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	2.15
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-13.23%	-16.55%	-12.51%	11.23%	21.72%	26.10%	17.71%	14.07%	8.02%	4.21%	19.28%
EBITDA Growth	-11.59%	-23.70%	-19.52%	-1.93%	14.47%	24.46%	15.61%	46.71%	34.34%	-3.61%	46.61%
EBIT Growth	-11.66%	-23.79%	-19.78%	-1.83%	14.15%	22.10%	12.12%	45.23%	33.96%	3.39%	50.71%
NOPAT Growth	-14.25%	-28.33%	-19.80%	-0.88%	20.94%	26.72%	14.49%	48.54%	27.09%	5.99%	50.52%
Net Income Growth	-12.90%	-14.93%	-19.07%	-8.97%	26.58%	17.86%	12.40%	52.03%	22.39%	10.65%	51.54%
EPS Growth	-12.90%	-14.40%	-21.43%	-9.62%	26.50%	15.89%	14.88%	57.45%	27.03%	12.90%	55.40%
Operating Cash Flow Growth	-20.72%	-15.82%	55.55%	-27.63%	-6.56%	-19.60%	-34.60%	89.18%	33.99%	0.78%	-29.78%
Free Cash Flow Firm Growth	41.51%	-14.64%	4.61%	-232.54%	-343.96%	-433.12%	-321.41%	129.99%	137.79%	110.49%	120.92%
Invested Capital Growth	-4.66%	-5.40%	-10.17%	42.41%	57.84%	64.65%	69.95%	7.63%	2.05%	4.77%	6.82%
Revenue Q/Q Growth	-8.61%	-10.66%	16.01%	17.43%	0.01%	-7.45%	8.30%	13.80%	-5.30%	-10.71%	23.96%
EBITDA Q/Q Growth	-14.47%	-26.71%	35.96%	13.16%	-0.17%	-20.32%	28.43%	43.61%	-8.59%	-42.83%	95.36%
EBIT Q/Q Growth	-14.86%	-24.90%	33.11%	13.36%	-0.99%	-19.67%	24.35%	46.85%	-8.67%	-38.01%	81.27%
NOPAT Q/Q Growth	-15.39%	-24.47%	36.35%	13.76%	3.23%	-20.87%	23.19%	47.59%	-11.68%	-34.00%	74.95%
Net Income Q/Q Growth	-24.42%	-12.09%	18.79%	15.34%	5.10%	-18.15%	13.29%	56.00%	-15.39%	-26.01%	55.16%
EPS Q/Q Growth	-24.42%	-8.55%	13.08%	16.53%	4.96%	-16.22%	12.10%	59.71%	-15.32%	-25.53%	54.29%
Operating Cash Flow Q/Q Growth	77.90%	-29.63%	-0.37%	-41.97%	129.69%	-39.45%	-18.96%	67.84%	62.68%	-54.46%	-43.53%
Free Cash Flow Firm Q/Q Growth	-28.90%	-14.31%	59.85%	-236.09%	-30.87%	-17.02%	-6.24%	118.43%	64.90%	-67.51%	111.79%
Invested Capital Q/Q Growth	-10.36%	-4.22%	1.23%	63.85%	-0.64%	-0.09%	4.49%	3.77%	-5.80%	2.58%	6.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.37%	26.76%	28.36%	27.34%	27.60%	27.65%	27.19%	31.01%	31.52%	25.75%	30.05%
EBITDA Margin	23.27%	19.09%	22.75%	21.92%	21.88%	18.84%	22.34%	28.20%	27.22%	17.43%	27.46%
Operating Margin	22.08%	18.47%	21.59%	21.05%	20.71%	18.44%	20.62%	26.72%	25.62%	17.87%	26.17%
EBIT Margin	22.07%	18.56%	21.66%	20.91%	20.70%	17.97%	20.63%	26.62%	25.68%	17.83%	26.07%
Profit (Net Income) Margin	16.55%	16.29%	16.68%	16.38%	17.22%	15.22%	15.93%	21.83%	19.51%	16.17%	20.23%
Tax Burden Percent	71.82%	67.07%	70.31%	73.32%	78.88%	78.90%	75.41%	76.59%	74.97%	79.27%	75.24%
Interest Burden Percent	104.42%	130.88%	109.51%	106.84%	105.42%	107.39%	102.36%	107.07%	101.34%	114.39%	103.16%
Effective Tax Rate	26.91%	26.11%	25.72%	26.19%	22.59%	25.63%	24.37%	24.31%	26.35%	21.97%	24.80%
Return on Invested Capital (ROIC)	53.42%	45.05%	49.10%	37.14%	42.32%	38.77%	44.42%	47.35%	46.58%	34.32%	48.01%
ROIC Less NNEP Spread (ROIC-NNEP)	53.03%	43.20%	48.63%	36.24%	41.27%	37.65%	44.14%	45.57%	46.02%	32.70%	47.48%
Return on Net Nonoperating Assets (RNNOA)	-23.78%	-21.75%	-25.01%	-14.39%	-18.71%	-18.21%	-20.48%	-16.90%	-19.43%	-14.32%	-19.34%
Return on Equity (ROE)	29.64%	23.30%	24.10%	22.76%	23.61%	20.56%	23.93%	30.45%	27.15%	20.00%	28.67%
Cash Return on Invested Capital (CROIC)	60.30%	59.47%	59.44%	1.83%	-4.24%	-5.50%	-8.40%	31.45%	40.69%	38.00%	38.22%
Operating Return on Assets (OROA)	32.98%	25.38%	26.60%	25.20%	25.24%	22.39%	26.40%	32.98%	30.80%	21.21%	31.77%
Return on Assets (ROA)	24.73%	22.28%	20.48%	19.74%	20.99%	18.97%	20.38%	27.05%	23.40%	19.23%	24.66%
Return on Common Equity (ROCE)	29.19%	23.05%	23.83%	22.50%	23.32%	20.35%	23.73%	30.17%	26.89%	19.81%	28.45%
Return on Equity Simple (ROE_SIMPLE)	28.39%	0.00%	23.77%	22.00%	22.26%	0.00%	23.82%	24.69%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	132	100	136	155	160	127	156	230	203	134	235
NOPAT Margin	16.14%	13.64%	16.04%	15.54%	16.04%	13.71%	15.60%	20.23%	18.87%	13.95%	19.68%
Net Nonoperating Expense Percent (NNEP)	0.39%	1.84%	0.48%	0.90%	1.05%	1.12%	0.28%	1.78%	0.56%	1.62%	0.53%
Return On Investment Capital (ROIC_SIMPLE)	-	4.23%	-	-	-	4.51%	5.81%	7.83%	6.57%	4.15%	6.99%
Cost of Revenue to Revenue	70.63%	73.24%	71.64%	72.66%	72.40%	72.35%	72.81%	68.99%	68.49%	74.25%	69.95%
SG&A Expenses to Revenue	5.89%	6.99%	5.69%	5.29%	5.97%	7.15%	6.31%	5.93%	5.72%	5.86%	5.60%
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	7.29%	8.30%	6.77%	6.29%	6.88%	9.84%	6.57%	4.29%	5.90%	7.88%	3.87%
Earnings before Interest and Taxes (EBIT)	181	136	184	209	207	166	206	303	277	172	311
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	191	140	193	219	218	174	223	321	293	168	328
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.89	2.26	2.52	2.54	3.05	3.28	3.25	3.02	3.66	4.09	3.61
Price to Tangible Book Value (P/TBV)	2.08	2.47	2.74	3.42	4.02	4.22	4.22	3.80	4.53	5.00	4.37
Price to Revenue (P/Rev)	1.18	1.54	1.85	1.90	2.28	2.41	2.21	2.17	2.71	3.14	2.75
Price to Earnings (P/E)	6.76	8.76	10.75	11.75	13.93	15.03	13.90	12.41	14.98	17.14	14.21
Dividend Yield	1.55%	1.29%	1.21%	1.23%	1.04%	1.00%	1.11%	1.13%	0.94%	0.85%	1.01%
Earnings Yield	14.80%	11.41%	9.30%	8.51%	7.18%	6.65%	7.19%	8.06%	6.67%	5.83%	7.04%
Enterprise Value to Invested Capital (EV/IC)	2.89	3.93	4.61	3.35	4.31	4.81	4.47	4.28	5.81	6.70	5.70
Enterprise Value to Revenue (EV/Rev)	0.85	1.16	1.43	1.65	2.00	2.12	1.98	1.89	2.38	2.79	2.41
Enterprise Value to EBITDA (EV/EBITDA)	3.63	4.94	6.29	7.53	9.29	9.75	9.28	8.21	9.73	11.34	9.51
Enterprise Value to EBIT (EV/EBIT)	3.79	5.21	6.59	7.88	9.73	10.43	9.83	8.72	10.34	12.16	9.93
Enterprise Value to NOPAT (EV/NOPAT)	5.08	7.08	8.96	10.68	12.99	13.81	12.95	11.43	13.75	16.07	13.14
Enterprise Value to Operating Cash Flow (EV/OCF)	4.31	5.88	6.40	8.03	10.52	12.35	13.21	11.38	13.06	15.41	14.62
Enterprise Value to Free Cash Flow (EV/FCFF)	4.68	6.42	7.34	214.55	0.00	0.00	0.00	14.10	14.43	18.04	15.40
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	-0.45	-0.50	-0.51	-0.40	-0.45	-0.48	-0.46	-0.37	-0.42	-0.44	-0.41
Leverage Ratio	1.22	1.20	1.21	1.20	1.18	1.17	1.19	1.19	1.19	1.16	1.19
Compound Leverage Factor	1.28	1.57	1.33	1.28	1.25	1.26	1.22	1.27	1.21	1.33	1.22
Debt to Total Capital	0.08%	0.04%	0.03%	0.03%	0.03%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.02%	0.03%	0.03%	0.03%	0.03%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.06%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	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	1.33%	0.90%	0.98%	1.04%	1.12%	1.11%	0.77%	0.82%	0.83%	0.80%	0.79%
Common Equity to Total Capital	98.59%	99.06%	98.99%	98.93%	98.85%	98.85%	99.23%	99.18%	99.17%	99.20%	99.22%
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	-1.43	-1.69	-1.91	-1.21	-1.36	-1.40	-1.14	-1.22	0.00	0.00	0.00
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	-2.01	-2.42	-2.72	-1.72	-1.90	-1.98	-1.60	-1.70	0.00	0.00	0.00
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	9.72	11.38	11.63	11.06	13.06	14.44	12.95	13.11	14.58	19.16	15.85
Noncontrolling Interest Sharing Ratio	1.52%	1.06%	1.11%	1.13%	1.21%	1.02%	0.87%	0.92%	0.96%	0.95%	0.78%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	6.01	6.43	6.05	4.66	4.86	5.06	4.29	4.86	4.83	5.92	5.35
Quick Ratio	4.69	5.11	4.93	3.48	3.73	3.79	3.13	3.62	3.72	4.52	4.15
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	184	157	252	-343	-448	-525	-557	103	169	55	117
Operating Cash Flow to CapEx	2,433.77%	1,202.65%	1,283.45%	1,243.98%	1,121.45%	540.26%	0.00%	1,500.69%	32,708.02%	713.44%	462.78%
Free Cash Flow to Firm to Interest Expense	798.86	220.83	2,188.56	-3,201.04	-3,966.71	-6,993.52	-22,290.03	6,042.76	35.03	917.21	0.00
Operating Cash Flow to Interest Expense	1,076.78	244.43	1,509.78	941.59	2,047.89	1,868.28	4,542.36	11,211.88	64.12	2,353.52	0.00
Operating Cash Flow Less CapEx to Interest Expense	1,032.54	224.10	1,392.15	865.90	1,865.28	1,522.47	4,668.16	10,464.76	63.92	2,023.63	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.49	1.37	1.23	1.21	1.22	1.25	1.28	1.24	1.20	1.19	1.22
Accounts Receivable Turnover	8.38	9.35	7.11	6.92	7.86	9.40	8.02	7.28	7.83	9.03	7.15
Inventory Turnover	5.95	5.87	5.84	5.62	6.55	6.47	6.78	6.33	6.42	6.10	5.98
Fixed Asset Turnover	9.50	8.94	8.59	7.92	8.10	8.37	8.65	8.08	7.98	7.95	8.36
Accounts Payable Turnover	16.30	19.59	13.93	13.85	15.93	18.52	14.82	14.13	15.74	16.74	13.15
Days Sales Outstanding (DSO)	43.53	39.05	51.33	52.72	46.41	38.82	45.52	50.13	46.61	40.43	51.08
Days Inventory Outstanding (DIO)	61.34	62.18	62.52	64.97	55.75	56.44	53.84	57.69	56.90	59.85	61.04
Days Payable Outstanding (DPO)	22.39	18.64	26.21	26.35	22.91	19.71	24.63	25.83	23.19	21.80	27.75
Cash Conversion Cycle (CCC)	82.48	82.60	87.64	91.34	79.25	75.55	74.74	81.99	80.31	78.48	84.38
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,052	1,007	1,020	1,671	1,660	1,658	1,733	1,798	1,694	1,738	1,851
Invested Capital Turnover	3.31	3.30	3.06	2.39	2.64	2.83	2.85	2.34	2.47	2.46	2.44
Increase / (Decrease) in Invested Capital	-51	-58	-115	498	608	651	713	128	34	79	118
Enterprise Value (EV)	3,038	3,954	4,702	5,593	7,152	7,979	7,742	7,689	9,849	11,642	10,551
Market Capitalization	4,208	5,284	6,106	6,468	8,171	9,094	8,675	8,808	11,225	13,114	12,034
Book Value per Share	$39.12	$20.59	$21.33	$22.41	$23.63	$24.38	$23.54	$26.36	$27.73	$28.92	$30.05
Tangible Book Value per Share	$35.64	$18.84	$19.61	$16.67	$17.94	$18.95	$18.13	$20.97	$22.40	$23.64	$24.83
Total Capital	2,253	2,360	2,449	2,574	2,710	2,806	2,687	2,941	3,096	3,236	3,361
Total Debt	1.86	0.98	0.84	0.86	0.95	1.09	0.13	0.07	0.00	0.00	0.00
Total Long-Term Debt	1.30	0.19	0.13	0.07	0.02	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-1,200	-1,351	-1,429	-902	-1,049	-1,146	-954	-1,142	-1,402	-1,498	-1,510
Capital Expenditures (CapEx)	10	14	14	8.10	21	26	-3.15	13	0.95	20	17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	510	455	466	593	553	556	630	700	609	643	770
Debt-free Net Working Capital (DFNWC)	1,615	1,724	1,824	1,418	1,523	1,615	1,504	1,758	1,925	2,033	2,173
Net Working Capital (NWC)	1,614	1,723	1,823	1,418	1,522	1,614	1,504	1,758	1,925	2,033	2,173
Net Nonoperating Expense (NNE)	-3.40	-19	-5.46	-8.44	-12	-14	-3.29	-18	-6.89	-21	-6.58
Net Nonoperating Obligations (NNO)	-1,200	-1,351	-1,429	-902	-1,049	-1,146	-954	-1,142	-1,402	-1,498	-1,510
Total Depreciation and Amortization (D&A)	9.80	3.90	9.25	10	12	8.06	17	18	17	-3.84	17
Debt-free, Cash-free Net Working Capital to Revenue	14.31%	13.29%	14.13%	17.43%	15.46%	14.76%	16.08%	17.24%	14.72%	15.39%	17.61%
Debt-free Net Working Capital to Revenue	45.29%	50.39%	55.29%	41.72%	42.56%	42.86%	38.37%	43.31%	46.50%	48.64%	49.70%
Net Working Capital to Revenue	45.27%	50.37%	55.27%	41.70%	42.53%	42.83%	38.37%	43.31%	46.50%	48.64%	49.70%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.19	$1.07	$1.24	$1.44	$1.51	$1.24	$1.42	$2.26	$1.91	$1.40	$2.19
Adjusted Weighted Average Basic Shares Outstanding	111.42M	111.42M	111.42M	111.22M	111.36M	111.39M	110.74M	108.75M	109.11M	109.48M	109.09M
Adjusted Diluted Earnings per Share	$1.17	$1.07	$1.21	$1.41	$1.48	$1.24	$1.39	$2.22	$1.88	$1.40	$2.16
Adjusted Weighted Average Diluted Shares Outstanding	113.87M	113.66M	114.15M	113.98M	113.78M	113.97M	113.07M	110.94M	110.93M	111.49M	110.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$1.07	$0.00	$0.00	$0.00	$1.24	$0.00	$0.00	$0.00	$1.40	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	113.53M	113.63M	113.60M	113.32M	113.74M	113.27M	110.65M	110.70M	111.01M	110.96M	110.57M
Normalized Net Operating Profit after Tax (NOPAT)	137	100	136	155	158	127	145	203	193	135	238
Normalized NOPAT Margin	16.67%	13.64%	16.04%	15.54%	15.83%	13.71%	14.50%	17.79%	17.86%	14.01%	19.95%
Pre Tax Income Margin	23.05%	24.29%	23.72%	22.34%	21.82%	19.30%	21.12%	28.51%	26.02%	20.39%	26.89%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	786.80	190.62	1,600.48	1,950.00	1,828.12	2,212.56	8,254.16	17,825.06	57.23	2,859.38	0.00
NOPAT to Interest Expense	575.25	140.15	1,184.80	1,448.65	1,416.05	1,688.35	6,239.81	13,543.47	42.05	2,236.83	0.00
EBIT Less CapEx to Interest Expense	742.56	170.29	1,482.84	1,874.31	1,645.51	1,866.75	8,379.96	17,077.94	57.03	2,529.50	0.00
NOPAT Less CapEx to Interest Expense	531.01	119.83	1,067.17	1,372.96	1,233.44	1,342.54	6,365.61	12,796.35	41.85	1,906.95	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	11.31%	12.50%	14.18%	15.58%	15.57%	14.43%	16.75%	15.45%	15.33%	15.68%	14.56%
Augmented Payout Ratio	14.37%	15.66%	22.37%	23.25%	23.74%	22.31%	58.37%	50.07%	47.44%	47.17%	23.32%

Financials Breakdown Chart

Key Financial Trends

Mueller Industries (MLI) has shown solid profitability and cash generation across the last four years, with a strong balance sheet and ongoing dividend support. Here are the key trends pulled from the quarterly statements (through 2025 Q4) that may interest retail investors.

Revenue has trended up over the period, rising from about $877.6 million in 2022 to roughly $962.4 million in 2025, indicating multi-year top-line growth.
Net income attributable to common shareholders has generally increased, moving from around the low-to-mid $100s millions in 2022–2023 to about $153.7 million in 2025 Q4, signaling improving profitability.
Liquidity remains strong: as of 2025 Q3, cash and equivalents were about $1.26 billion, with total assets near $3.70 billion and no near-term debt (short-term debt listed as $0) and minimal long-term debt.
The company has maintained a steady quarterly dividend of $0.25 per share, providing predictable income for shareholders.
Equity base appears robust, with total equity around $3.07 billion in recent quarters, supporting balance-sheet resilience and potential for continued shareholder value.
Profitability margins fluctuate by quarter, as seen in varying gross profit across periods (e.g., gross profit shifts between quarters with different revenue levels), indicating sensitivity to input costs and product mix.
Debt levels are very low, with zero short-term and zero long-term debt in the latest periods, offering a conservative capital structure but potentially limiting financing flexibility during downturns.
Capital intensity is moderate, with quarterly capital expenditures (PPE purchases) typically in the range of $13–$20 million, implying ongoing investment while preserving cash flow strength.
Investing cash outflows are meaningful in several quarters (e.g., PPE purchases around $19–$20 million and sizable investments in certain periods), contributing to negative cash flow from investing activities and reducing cash build in those windows.
Cash financing activity has been negative in multiple quarters (for example, sizable net cash outflows from financing activities in mid-2025), reflecting ongoing returns to shareholders and capital actions that reduce cash on hand.

05/06/26 02:35 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Mueller Industries' Financials

When does Mueller Industries' financial year end?

According to the most recent income statement we have on file, Mueller Industries' fiscal year ends in December. Their fiscal year 2025 ended on December 27, 2025.

How has Mueller Industries' net income changed over the last 10 years?

Mueller Industries' net income appears to be on an upward trend, with a most recent value of $773.59 million in 2025, rising from $88.41 million in 2015. The previous period was $617.54 million in 2024. See where experts think Mueller Industries is headed by visiting Mueller Industries' forecast page.

What is Mueller Industries' operating income?

Mueller Industries' total operating income in 2025 was $958.54 million, based on the following breakdown:

Total Gross Profit: $1.21 billion
Total Operating Expenses: $253.92 million

How has Mueller Industries' revenue changed over the last 10 years?

Over the last 10 years, Mueller Industries' total revenue changed from $2.10 billion in 2015 to $4.18 billion in 2025, a change of 99.0%.

How much debt does Mueller Industries have?

Mueller Industries' total liabilities were at $497.12 million at the end of 2025, a 2.2% increase from 2024, and a 3.8% increase since 2015.

How much cash does Mueller Industries have?

In the past 10 years, Mueller Industries' cash and equivalents has ranged from $72.62 million in 2018 to $1.37 billion in 2025, and is currently $1.37 billion as of their latest financial filing in 2025.

How has Mueller Industries' book value per share changed over the last 10 years?

Over the last 10 years, Mueller Industries' book value per share changed from 14.47 in 2015 to 28.92 in 2025, a change of 99.8%.

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Financial statements for NYSE:MLI last updated on 4/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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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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Quarterly Cash Flow Statements for Mueller Industries

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Quarterly Balance Sheets for Mueller Industries

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Key Financial Trends

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