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MARKETS / NYSE / MLI
NYSE · ROLLING DRAWING & EXTRUDING OF NONFERROUS METALS · LARGE CAP

Mueller Industries Inc. MLI

18 fiscal years on record · USD · FY2025 reported · SEC filings only
3 YEARS OF DIVIDEND GROWTH
$4.2B
▲ 10.9% YoY
$765.2M
▲ 26.5% YoY
$686.6M
▲ 21.4% YoY
In brief

What this company does

Mueller Industries, Inc. manufactures a broad range of products: copper tube and fittings, line sets, steel nipples, brass rod, bar and shapes, aluminum and brass forgings, aluminum impact extrusions, refrigeration valves and fittings, compressed gas valves, pressure vessels, insulated flexible duct systems, and wire and cable solutions. Its operations are located throughout the United States and in Canada, Mexico, Great Britain, South Korea, the Middle East, and China. Its reportable segments, each composed of certain operating segments aggregated primarily by the nature of products offered, are the Piping Systems, Industrial Metals, and Climate segments. Within the Piping Systems segment, the Domestic Piping Systems Group manufactures and distributes copper tube, fittings, line sets, and pipe nipples, and resells steel pipe, brass and plastic plumbing valves, malleable iron fittings and faucets, and plumbing specialties. Within the Industrial Metals segment, Brass Rod manufactures a broad range of brass rod and shapes in a variety of standard and lead-free alloys sold primarily to OEMs in the industrial, HVAC, plumbing, and refrigeration industries. Within the Climate segment, Refrigeration Products designs and manufactures valves, protection devices, and brass fittings for various OEMs in the commercial HVAC and refrigeration markets. As of December 27, 2025, the Company employed approximately 4,832 employees, of which approximately 1,820 were represented by various unions. The Company was incorporated in Delaware on October 3, 1990.

Written from the business description in MUELLER INDUSTRIES INC's annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth
USD 4.2B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 4.2 · Net income 0.8
2B4B2008201120142017202020232025
Compound annual growth
+1.6%
+11.7%
+7.1%
+4.8%
+5.1%
+40.6%
+24.2%
+15.7%
+5.6%
+26.0%
+55.5%
+66.1%
+35.5%
+23.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +11.7% a year over five years — but profit grew faster: net income at +40.6%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
19 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 22.9% · Net 18.5%
10%20%2008201120142017202020232025
ROE
FY2025 · ROE 25.6%
20%40%2008201120142017202020232025

Each USD of equity produced 26 cents of profit this year.

Cash & shareholders
USD 352.7M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 686.6
250.0M500.0M2008201120142017202020232025
Net buybacks $M Dividends $M
FY2025 · Dividends 109.0 · Net buybacks 243.6
200M400MDividendsNet buybacks2008201120142017202020232025
Dividends paidUSD 109.0M
Net buybacksUSD 243.6M
Share of profit46.1%
Consecutive raises3 years (since the 2022 share-count change)

USD 109.0M in dividends and USD 243.6M in buybacks — 46% of the year's profit went back to shareholders.

Total assetsUSD 3.7B
EquityUSD 3.2B
CashUSD 1.4B
Gross debtUSD 0.00
Net debtUSD -1.4B
Current ratio5.92×

The company holds more cash than debt.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B4.23.83.44.03.82.42.42.52.32.12.12.42.22.22.42.11.52.6
Operating income $B1.00.80.80.90.70.20.20.20.20.20.10.20.30.10.10.10.00.1
EBITDA $B1.00.80.80.90.70.30.20.20.20.20.20.20.30.20.20.20.10.2
Income tax $B0.20.20.20.20.20.10.00.00.00.00.00.00.10.00.00.00.00.0
Net income $B0.80.60.60.70.50.10.10.10.10.10.10.10.20.10.10.10.00.1
Free cash flow $B0.70.60.60.70.30.20.20.1−0.00.10.10.10.10.10.10.00.10.2
EPS, diluted $6.865.315.305.824.122.471.791.821.491.741.541.793.061.152.262.280.122.17
Dividend / sh $1.000.800.600.500.260.400.400.408.400.380.300.300.250.210.400.400.400.40
Payout %141511861622223211917818181732018
ROE %25.623.729.243.746.919.616.919.512.011.611.113.928.512.110.511.50.7·
Shares out B0.110.110.110.110.060.060.060.060.060.060.060.060.060.030.040.040.04·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRolling Drawing & Extruding of Nonferrous Metals
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 26
Data on record since2008

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