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Mueller Industries, Inc. (MLI)

NYSE / Industrials / Manufacturing - Metal Fabrication

Share price

60.60 USD Market dataClose of Oct 15, 2026

Market capitalisation

13.40B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Feb 25, 2026
Ratios computed
Oct 15, 2026
Filed years
17, FY2008 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

38.7% Computed

From the FY2025 filing

Read quality

Valuation

Price to earnings

n/a Computed

FY2025 accounts, priced at the latest close

Why n/a

Held back: the last annual report's share count does not match today's, as after a split.

Read valuation

Cash generation

Free cash flow yield

n/a Computed

FY2025 accounts, priced at the latest close

Why n/a

Held back: the last annual report's share count does not match today's, as after a split.

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 2.06B USDFY2016 Net income: 99.7M USDFY2017 Revenue: 2.27B USDFY2017 Net income: 85.6M USDFY2018 Revenue: 2.51B USDFY2018 Net income: 104.5M USDFY2019 Revenue: 2.43B USDFY2019 Net income: 101.0M USDFY2020 Revenue: 2.40B USDFY2020 Net income: 139.5M USDFY2021 Revenue: 3.77B USDFY2021 Net income: 468.5M USDFY2022 Revenue: 3.98B USDFY2022 Net income: 658.3M USDFY2023 Revenue: 3.42B USDFY2023 Net income: 602.9M USDFY2024 Revenue: 3.77B USDFY2024 Net income: 604.9M USDFY2025 Revenue: 4.18B USDFY2025 Net income: 765.2M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
8 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 17.34x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 15.00x and 25.00x.

Today, against the Industrials sector (412 companies), 17.34x sits at the 32nd percentile; the middle half of that group runs from 15.04x to 38.40x.

Is it good

Return on invested capital was 38.7% in FY2025, in the band labelled "Exceptional" (20.0% and above), on lines anchored on Damodaran's cost-of-capital data, suggesting returns on the capital in the business well above the usual cost of that capital.

Today, against the Industrials sector (316 companies), 38.7% sits at the 96th percentile; the middle half of that group runs from 3.4% to 15.3%.

Is it safe

Interest coverage was 8,875.39x in FY2025, in the band labelled "Comfortable" (6.00x and above), on lines anchored on Damodaran's interest-coverage table, suggesting an interest bill operating profit covers many times over.

Year by year against peers
Whether Mueller Industries, Inc.'s return on invested capital stayed above the median of the Industrials sector, year by year. (FY2018 to FY2025, 8 fiscal years of Mueller Industries, Inc. with a comparable figure)
The direction
Which way Mueller Industries, Inc.'s return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of Mueller Industries, Inc.)
What could explain it
What in Mueller Industries, Inc.'s filed statements could explain the movements. (7 readings drawn from the statement lines Mueller Industries, Inc. filed)
What to check next
What to check next on Mueller Industries, Inc., and where in its filings. (1 question for Mueller Industries, Inc.)
In one paragraph
One paragraph on Mueller Industries, Inc.'s returns, cash, balance sheet and price. (15 of sixteen figures read for Mueller Industries, Inc.)

These are MLI’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research MLIPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Feb 25, 2026, accession 0000089439-26-000008.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Mueller Industries, Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax38.7% ComputedFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Return on equity23.8% ComputedFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Return on capital employed, pre-tax28.9% ComputedFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Return on assets20.5% ComputedFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Gross margin
Why n/a

Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.

n/a ComputedFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Operating margin22.9% ComputedFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Net margin18.3% ComputedFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
MLI 18.3%
CR 15.9%GGG 23.3%FTAI 20.0%CSL 14.8%SNA 19.7%
14.8%23.3%
Net margin: MLI against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Mueller Industries, Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.01 ComputedFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Current ratio5.92 ComputedFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Quick ratio4.68 ComputedFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Interest coverage8875.39x ComputedFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Altman Z-score20.34 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Net debt-1.36B ComputedFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Total assets 3.73BTotal liabilities 497.1MShareholders' equity 3.21BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Mueller Industries, Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Feb 25, 2026, 0000089439-26-000008).

Mueller Industries, Inc: balance sheet position
Total assets3.73B FiledFY2025 10-K, filed Feb 25, 2026
Total liabilities497.1M FiledFY2025 10-K, filed Feb 25, 2026
Shareholders' equity3.21B FiledFY2025 10-K, filed Feb 25, 2026
Cash1.39B FiledFY2025 10-K, filed Feb 25, 2026
Total debt27.5M FiledFY2025 10-K, filed Feb 25, 2026
Net debt-1.36B
Current ratio5.92
Debt to equity0.01

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Mueller Industries, Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings
Why n/a

Held back: the last annual report's share count does not match today's, as after a split.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
P/E on trailing twelve months15.80x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book
Why n/a

Held back: the last annual report's share count does not match today's, as after a split.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Price to sales3.23x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Enterprise value to EBIT
Why n/a

Held back: the last annual report's share count does not match today's, as after a split.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Enterprise value to EBITDA11.85x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Price to earnings over growth0.42 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Diluted earnings per share3.43 USD FiledFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Graham number33.65 USD ComputedFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008

We publish no fair value or price target of our own. Value MLI on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Mueller Industries, Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Mueller Industries, Inc: valuation
Share price60.60 USD
Market capitalisation13.40B USD
Enterprise value to EBITDA11.85x
Graham number33.65 USD
Diluted earnings per share, FY20253.43 USD

Diluted earnings per share, FY2025: 6.86 as filed, 3.43 after the 2-for-1 split on 1 Jul 2026.

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 4.96x, median 15.50x, high 25.56x, latest 15.80x. 2,523 trading days with a meaningful ratio. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Mueller Industries, Inc

  1. Crane Company (CR)Market cap 11.89B USD
  2. Graco Inc. (GGG)Market cap 13.24B USD
  3. FTAI Aviation Ltd. (FTAI)Market cap 17.31B USD
  4. Carlisle Companies Incorporated (CSL)Market cap 13.32B USD
  5. Snap-on Incorporated (SNA)Market cap 18.93B USD

Same sector (Industrials) and size band (Large, 10B to 200B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Mueller Industries, Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield
Why n/a

Held back: the last annual report's share count does not match today's, as after a split.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Free cash flow686.6M USD ComputedFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Free cash flow margin16.4% ComputedFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Dividend yield
Why n/a

Held back: the last annual report's share count does not match today's, as after a split.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Payout ratio14.3% ComputedFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
FY2016 Free cash flow: 120.3M USDFY2016 Net income: 99.7M USDFY2017 Free cash flow: -2.1M USDFY2017 Net income: 85.6M USDFY2018 Free cash flow: 129.4M USDFY2018 Net income: 104.5M USDFY2019 Free cash flow: 169.4M USDFY2019 Net income: 101.0M USDFY2020 Free cash flow: 201.2M USDFY2020 Net income: 139.5M USDFY2021 Free cash flow: 279.9M USDFY2021 Net income: 468.5M USDFY2022 Free cash flow: 686.3M USDFY2022 Net income: 658.3M USDFY2023 Free cash flow: 618.7M USDFY2023 Net income: 602.9M USDFY2024 Free cash flow: 565.7M USDFY2024 Net income: 604.9M USDFY2025 Free cash flow: 686.6M USDFY2025 Net income: 765.2M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Mueller Industries, Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
n/aFY2025Oct 15, 2026
n/a Held back: the last annual report's share count does not match today's, as after a split.
n/aFY2025Oct 15, 2026
n/a Held back: the last annual report's share count does not match today's, as after a split.
n/aFY2025Oct 15, 2026
n/a Held back: the last annual report's share count does not match today's, as after a split.
n/aFY2025Oct 15, 2026
n/a Held back: the last annual report's share count does not match today's, as after a split.
38.7%FY2025Feb 25, 2026
n/aFY2025Oct 15, 2026
n/a Held back: the last annual report's share count does not match today's, as after a split.
0.01FY2025Feb 25, 2026
5.92FY2025Feb 25, 2026
3.23xFY2025Oct 15, 2026
0.42FY2025Oct 15, 2026
20.34FY2025Oct 15, 2026
-2.45FY2025Feb 25, 2026
5/9FY2025Feb 25, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 17 filed fiscal years on record, FY2008 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports Mueller Industries, Inc filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Mueller Industries, Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY20254.18B958.5M765.2M3.43686.6M22.9%23.8%10-K, Feb 25, 20260000089439-26-000008
FY20243.77B770.4M604.9M2.65565.7M20.4%21.8%10-K, Feb 26, 20250000089439-25-000010
FY20233.42B756.1M602.9M2.65618.7M22.1%25.8%10-K, Feb 28, 20240000089439-24-000015
FY20223.98B877.1M658.3M2.91686.3M22.0%36.8%10-K, Feb 28, 20230000089439-23-000016
FY20213.77B655.8M468.5M2.06279.9M17.4%38.3%10-K, Feb 23, 20220000089439-22-000013
FY20202.40B245.8M139.5M0.62201.2M10.3%18.0%10-K, Feb 24, 20210000089439-21-000015
FY20192.43B191.4M101.0M0.45169.4M7.9%15.7%10-K, Feb 26, 20200000089439-20-000016
FY20182.51B173.0M104.5M0.46129.4M6.9%19.1%10-K, Feb 27, 20190000089439-19-000021
FY20172.27B150.8M85.6M0.37-2.1M6.7%16.4%10-K, Feb 28, 20180000089439-18-000010
FY20162.06B154.4M99.7M0.43120.3M7.5%11.1%10-K, Mar 1, 20170000089439-17-000009
  • Revenue, compound annual growth FY2016 to FY2025: 8.2%
  • Earnings, compound annual growth FY2016 to FY2025: 25.4%
  • Earnings per share, compound annual growth FY2016 to FY2025: 25.8%
  • Free cash flow, compound annual growth FY2016 to FY2025: 21.4%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Mueller Industries, Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.45 ComputedFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Piotroski F-score5/9 ComputedFY2025 10-K, filed Feb 25, 2026, 0000089439-26-000008
Named tests met8 of 30 Computed
Beta0.98 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 8 met, 21 not met, 1 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Low PEG, low debt (Peter Lynch); High returns and growth; ROIC at or above WACC; Z-score and coverage (Edward Altman); High returns, low debt; High return on tangibles; Cash-covered dividend; Cash-flow yield and ROIC
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); Owner earnings yield; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Gross margin, turnover (Robert Novy-Marx). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(1)
  • Gross Margin: Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • One figure could not be read on this company: Gross Margin. 1 named test comes back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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Analyze your own portfolio

ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.