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Mueller Industries
(NYSE:MLI)
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Rating:74Outperform
Price Target:
$70.00
▲(9.53% Upside)
Action:Reiterated
Date:07/22/26
The score is driven primarily by strong financial performance—especially high profitability and an exceptionally low-debt balance sheet—partly offset by the notable recent drop in free cash flow. Valuation is reasonable (mid-teens P/E) with a modest dividend. Technical indicators are mixed with negative MACD and the price below the 50DMA, limiting the near-term technical score, while corporate events are mildly positive (stock split and ongoing dividend).
Positive Factors
High Profitability & Margins
Sustained high gross and net margins indicate durable pricing power and manufacturing efficiency across Mueller’s product lines. Robust margins support consistent earnings generation, cushion against cyclical revenue swings, and provide capacity to fund reinvestment, dividends, or M&A over the medium term.
Negative Factors
Sharp Decline in Free Cash Flow
A ~42.6% drop in trailing FCF signals meaningful compression in cash generation, likely from working-capital timing or operational pressures. Although FCF remains near net income historically, the decline reduces the firm’s near-term internal funding for capex, acquisitions, or cushion against cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability & Margins
Sustained high gross and net margins indicate durable pricing power and manufacturing efficiency across Mueller’s product lines. Robust margins support consistent earnings generation, cushion against cyclical revenue swings, and provide capacity to fund reinvestment, dividends, or M&A over the medium term.
Read all positive factors
Mueller Industries (MLI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.69B
Dividend Yield1.28%
Average Volume (3M)1.70M
Price to Earnings (P/E)17.0
Beta (1Y)1.04
Revenue Growth14.81%
EPS Growth21.29%
CountryUS
Employees4,832
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)3.90
Shares Outstanding221,181,380
10 Day Avg. Volume1,748,020
30 Day Avg. Volume1,697,258
Financial Highlights & Ratios
PEG Ratio0.59
Price to Book (P/B)5.17
Price to Sales (P/S)3.08
P/FCF Ratio18.77
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)4.05
Revenue Forecast (FY)$4.77B
Mueller Industries Business Overview & Revenue Model
Company Description
Mueller Industries, Inc., established in 1917 and based in Collierville, Tennessee, is a global manufacturer and distributor of various products crafted from copper, brass, aluminum, and plastic. The company operates internationally, with a presen...
How the Company Makes Money
Mueller Industries makes money primarily by manufacturing and selling metal- and plastic-based components (and related finished/semi-finished products) used in plumbing, HVAC/R, refrigeration, and industrial applications. Its revenue model is larg...
Mueller Industries Financial Statement Overview
Summary
Income Statement
90
Very Positive
Balance Sheet
96
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.66B | 4.18B | 3.77B | 3.42B | 3.98B | 3.77B |
| Gross Profit | 1.27B | 1.14B | 1.04B | 986.83M | 1.12B | 830.36M |
| EBITDA | 1.20B | 1.09B | 874.00M | 886.41M | 920.57M | 694.24M |
| Net Income | 850.51M | 765.19M | 604.88M | 602.90M | 658.32M | 468.52M |
Balance Sheet | ||||||
| Total Assets | 4.26B | 3.02B | 3.29B | 2.76B | 2.24B | 1.73B |
| Cash, Cash Equivalents and Short-Term Investments | 1.42B | 1.39B | 1.06B | 1.27B | 678.88M | 87.92M |
| Total Debt | 24.68M | 46.46M | 33.76M | 35.56M | 23.85M | 24.99M |
| Total Liabilities | 683.25M | 497.12M | 486.50M | 400.58M | 428.44M | 471.97M |
| Stockholders Equity | 3.55B | 2.49B | 2.77B | 2.34B | 1.79B | 1.22B |
Cash Flow | ||||||
| Free Cash Flow | 374.14M | 686.64M | 565.71M | 618.74M | 686.30M | 279.87M |
| Operating Cash Flow | 451.05M | 755.44M | 645.91M | 672.77M | 723.94M | 311.70M |
| Investing Cash Flow | -117.26M | -24.91M | -606.93M | 135.08M | -242.00M | 29.07M |
| Financing Cash Flow | -5.08M | -394.62M | -160.48M | -104.51M | -102.66M | -376.72M |
Mueller Industries Technical Analysis
Positive
63.91
Price Trends
63.81
Positive
62.66
Positive
59.98
Positive
Market Momentum
-0.50
Negative
58.54
Neutral
89.70
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MLI, the sentiment is Positive. The current price of 63.91 is above the 20-day moving average (MA) of 60.69, above the 50-day MA of 63.81, and above the 200-day MA of 59.98, indicating a bullish trend. The MACD of -0.50 indicates Negative momentum. The RSI at 58.54 is Neutral, neither overbought nor oversold. The STOCH value of 89.70 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MLI.
Mueller Industries Risk Analysis
Mueller Industries disclosed 11 risk factors in its most recent earnings report. Mueller Industries reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Mueller Industries Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $14.69B | 17.01 | 27.33% | 1.33% | 14.81% | 21.29% | |
74 Outperform | $25.58B | 60.46 | 24.23% | ― | 2.93% | 5.01% | |
73 Outperform | $4.35B | 21.89 | 14.87% | 0.56% | 5.68% | -23.91% | |
73 Outperform | $25.82B | 49.07 | 24.41% | 0.13% | 8.59% | 41.34% | |
69 Neutral | $2.75B | 17.62 | 15.80% | 1.36% | 19.72% | 63.76% | |
65 Neutral | $5.27B | 25.98 | 9.70% | 0.50% | 6.63% | -24.56% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
MLI
Mueller Industries
66.41
24.31
57.76%
ATI
ATI
187.44
111.80
147.81%
AZZ
AZZ
144.72
38.62
36.40%
CRS
Carpenter Technology
519.66
267.33
105.95%
WOR
Worthington Industries
56.21
-5.63
-9.10%
ESAB
ESAB Corporation
86.53
-43.97
-33.69%
Mueller Industries Corporate Events
Regulatory Filings and ComplianceStock Split
Mueller Industries Completes Two-for-One Stock Split
Positive
Jul 1, 2026
On June 1, 2026, Mueller Industries, Inc. announced a two-for-one forward stock split of its issued common stock, to be implemented via an amendment to its Restated Certificate of Incorporation in Delaware. On June 29, 2026, the company filed this...
Regulatory Filings and ComplianceStock Split
Mueller Industries Announces Two-for-One Forward Stock Split
Positive
Jun 2, 2026
On June 1, 2026, Mueller Industries, Inc. announced that its board had approved a two-for-one forward stock split of its common shares, to be implemented via an amendment to its Restated Certificate of Incorporation and a proportionate increase in...
Executive/Board ChangesDividendsShareholder Meetings
Mueller Industries Declares Quarterly Dividend, Affirms Governance
Positive
May 11, 2026
At its Annual Meeting of Stockholders held on May 7, 2026, Mueller Industries’ shareholders elected eight directors to serve until the next annual meeting, with varying levels of support across the slate. Investors also approved the appointm...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.