Mueller Industries, Inc. (MLI)
NYSE:MLI
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Mueller Industries
(NYSE:MLI)
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Rating:76Outperform
Price Target:
$143.00
▲(29.55% Upside)
Action:Reiterated
Date:06/02/26
The score is driven primarily by strong financial performance—high profitability/returns, near-zero leverage, and robust free cash flow—partly offset by recent margin and cash-flow cooling. Technicals are a notable drag due to weak near-term momentum indicators, while valuation is reasonable and recent corporate actions are broadly positive.
Positive Factors
Conservative Balance Sheet
Near-zero leverage and a very conservative balance sheet give Mueller durable financial flexibility. This supports capital returns, opportunistic M&A or buybacks, and resilience through cyclical downturns, reducing refinancing risk and preserving strategic optionality.
Negative Factors
Recent Margin Pressure
Compression of gross and operating margins relative to prior periods suggests cost or pricing headwinds. If structural (raw-materials, competitive pricing), sustained margin erosion would reduce cash returns and could force trade-offs between investment and distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Near-zero leverage and a very conservative balance sheet give Mueller durable financial flexibility. This supports capital returns, opportunistic M&A or buybacks, and resilience through cyclical downturns, reducing refinancing risk and preserving strategic optionality.
Read all positive factors
Mueller Industries (MLI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$15.27B
Dividend Yield0.85%
Average Volume (3M)527.63K
Price to Earnings (P/E)17.8
Beta (1Y)1.02
Revenue Growth11.54%
EPS Growth38.42%
CountryUS
Employees5,168
SectorIndustrials
Sector Strength72
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)7.76
Shares Outstanding110,570,610
10 Day Avg. Volume539,155
30 Day Avg. Volume527,626
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 Cap0.84
Enterprise Value/Revenue2.94
Enterprise Value/Gross Profit10.59
Enterprise Value/Ebitda10.75
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)7.09
Revenue Forecast (FY)$4.61B
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 polymer-based products used in building systems and industrial applications, earning revenue when products are sold to wholesalers, distributors, OEMs, contractors, a...
Mueller Industries Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
94
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.37B | 4.18B | 3.77B | 3.42B | 3.98B | 3.77B |
| Gross Profit | 1.21B | 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 | 846.78M | 765.19M | 604.88M | 602.90M | 658.32M | 468.52M |
Balance Sheet | ||||||
| Total Assets | 3.94B | 3.02B | 3.29B | 2.76B | 2.24B | 1.73B |
| Cash, Cash Equivalents and Short-Term Investments | 1.40B | 1.39B | 1.06B | 1.27B | 678.88M | 87.92M |
| Total Debt | 14.92M | 46.46M | 33.76M | 35.56M | 23.85M | 24.99M |
| Total Liabilities | 581.53M | 497.12M | 486.50M | 400.58M | 428.44M | 471.97M |
| Stockholders Equity | 3.33B | 2.49B | 2.77B | 2.34B | 1.79B | 1.22B |
Cash Flow | ||||||
| Free Cash Flow | 652.18M | 686.64M | 565.71M | 618.74M | 686.30M | 279.87M |
| Operating Cash Flow | 721.63M | 755.44M | 645.91M | 672.77M | 723.94M | 311.70M |
| Investing Cash Flow | 37.47M | -24.91M | -606.93M | 135.08M | -242.00M | 29.07M |
| Financing Cash Flow | -222.18M | -394.62M | -160.48M | -104.51M | -102.66M | -376.72M |
Mueller Industries Technical Analysis
Positive
110.38
Price Trends
130.66
Positive
124.37
Positive
115.49
Positive
Market Momentum
0.95
Negative
58.97
Neutral
79.83
Neutral
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 110.38 is below the 20-day moving average (MA) of 133.00, below the 50-day MA of 130.66, and below the 200-day MA of 115.49, indicating a bullish trend. The MACD of 0.95 indicates Negative momentum. The RSI at 58.97 is Neutral, neither overbought nor oversold. The STOCH value of 79.83 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $15.27B | 17.79 | 28.67% | 0.85% | 11.54% | 38.42% | |
76 Outperform | $4.53B | 14.21 | 24.53% | 0.67% | 4.58% | 556.92% | |
74 Outperform | $27.09B | 63.39 | 24.23% | ― | 2.93% | 5.01% | |
74 Outperform | $27.90B | 58.60 | 24.41% | 0.24% | 3.72% | 34.03% | |
70 Outperform | $2.94B | 26.24 | 11.58% | 1.27% | 14.99% | 86.18% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $5.57B | 26.95 | 9.70% | 0.33% | 6.63% | -24.56% |
* Industrials Sector Average
MLI
Mueller Industries
138.09
64.82
88.47%
ATI
ATI
198.48
113.32
133.07%
AZZ
AZZ
150.89
61.47
68.75%
CRS
Carpenter Technology
561.49
312.57
125.57%
WOR
Worthington Industries
59.68
0.55
0.93%
ESAB
ESAB Corporation
91.57
-31.73
-25.73%
Mueller Industries Corporate Events
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...
Business Operations and StrategyPrivate Placements and Financing
Mueller Industries Secures New $100 Million Credit Facility
Positive
Mar 30, 2026
On March 27, 2026, Mueller Industries, Inc. entered into a new unsecured $100 million revolving credit facility with Bank of America, replacing its prior 2021 agreement and extending maturity to March 27, 2031. The facility, which can be used for ...
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.