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MLIMueller Industries, Inc.
$59.90$13.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
MLI logo

Mueller Industries, Inc.

MLI
NYSE · Metal Fabrication
$59.90
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$13.25B
P/E17.5x
52W High$71.12
Volume2.1M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Accelerating Revenue Growth Masks Working Capital Volatility

Mueller Industries is executing a strategic pivot toward acquisition-driven growth, evidenced by a 25.5% year-over-year revenue surge to $1.4B in Q2 2026 and a $413M goodwill addition, while maintaining a fortress balance sheet with a 0.01 debt-to-equity ratio...

GrowthAccelerating
ProfitabilityStrong
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

MLI price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-37% Peers

P/E is 37% below peer median

03

Market leadership

RS 50 · Avg

Average momentum (RS Rating: 50)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 21
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth accelerated to 25.5% year-over-year in Q2 2026, reaching $1.4B, with gross margin expanding to 27.7% and operating margin to 21.7%, up from 14.1% in Q4 2025, signaling a sharp operational inflection.

Analyst Consensus+25.2% target
Hold(6 analysts)
1 Buy5 Hold0 Sell

The Bull Case

Upside Catalysts

Strong industry legacy

Mueller Industries has a long-standing reputation and pioneering developments in the water and industrial sectors, establishing industry standards.

Attractive valuation metrics

The company's trailing and forward P/E ratios suggest it may be undervalued, presenting a potential investment opportunity.

Price momentum

MLI stock has shown significant upward movement, nearing its 52-week high, indicating strong investor confidence.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
MLI+3.45%
S&P 500 (^GSPC)+13.20%
1-Year Return
MLI+19.90%
S&P 500 (^GSPC)+15.98%
3-Year Return
MLI+236.62%
S&P 500 (^GSPC)+78.60%
5-Year Return
MLI+509.93%
S&P 500 (^GSPC)+75.40%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
17.5x
Forward P/EExpansion
14.4x
EV/EBITDA100th %ile
12.4x
FCF YieldCash Flow
5.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
17.5x
8.9x
100th· High
EV/EBITDA
12.4x
5.3x
100th· High
Price/FCF
19.3x
11.9x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$40.69-32.1%
Base (Fair)$62.08+3.4%
Bull$83.26+39.0%
$40.69 Bear$62.08 Base$83.26 Bull
Current Market Price: $59.90
Trades at a 3.5% discount to Base DCF ($62.08)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$4.18B+10.9% YoY
Net income
$765M+26.5% YoY
Free cash flow
$687M+21.4% YoY
Operating margin
21.4%+1.0 pts YoY
ROIC (TTM)44.7%
Avg ROIC 5Y-
ROE (TTM)28.7%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 21, 2026
$1.13+3.7%
vs $1.09
$1.4B+12.8%
vs $1.3B
Q2 2026
Apr 21, 2026
$1.08+44.4%
vs $0.75
$1.2B+8.3%
vs $1.1B
Q1 2026
Feb 3, 2026
$0.69-17.4%
vs $0.83
$962M+2.2%
vs $942M
Q4 2025
Oct 21, 2025
$0.94-5.5%
vs $0.99
$1.1B+0.1%
vs $1.1B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Seeking Alpha·Aug 25, 2026
Mueller Industries: Even Strong Growth Doesn't Justify Great Upside

Mueller Industries, Inc. has delivered strong growth via acquisitions and price increases, but current valuation limits market-beating upside. MLI's management targets significant operating income growth to $1.5B by 2030, leveraging organic expansion, vertical integration, and $1.41B net cash. Despite robust financials and sector tailwinds, MLI's projected annualized returns (5.7%-8.5%) lag typical S&P 500 averages.

Business Wire·Aug 7, 2026
Mueller Industries, Inc. Announces Retirement of Gary S. Gladstein from the Board of Directors Effective December 31, 2026

COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announced today that effective December 31, 2026, Gary S. Gladstein, who has served on the Board a combined 30 years, including three years as Chairman and three years as Lead Independent Director, will retire from Board service. On the transition, Greg Christopher, Chairman and CEO, stated, “We are grateful for Gary's commitment to our Company and thank him for his three decades of service. Gary has played an instrument.

Business Wire·Aug 6, 2026
Mueller Industries, Inc. Declares Cash Dividend for Third Quarter

COLLIERVILLE, Tenn.--(BUSINESS WIRE)--Mueller Industries, Inc. (NYSE: MLI) announced today that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 17.5 cents per share. The dividend will be payable September 18, 2026 to shareholders of record on September 4, 2026. Mueller Industries, Inc. (NYSE: MLI) is an industrial corporation whose holdings manufacture vital goods for important markets such as air, water, oil and gas distribution; climate comfort; fo.

The Motley Fool·Aug 2, 2026
Mueller Industries Grew Sales 25% With Piping Up 27%. Here's the Backdrop to an Insider Filing

The non-discretionary disposition involved 1,808 shares at $66.57 per share, representing an estimated value of about $120,400 on July 30. The activity resulted in a 2% reduction in the insider's direct equity holdings in the company.

Filtered for Mueller Industries, Inc.More Headlines
04

Compare before deciding

Benchmark MLI against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Mueller Industries, Inc. (MLI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MLI logoMLIMueller Industries, Inc.Current
$59.90$13.25B17.4610.87%18.31%28.74%0.82%
MWA logoMWAMueller Water Products, Inc.
$22.02$3.45B18.058.75%15.02%21.21%—
IIIN logoIIINInsteel Industries, Inc.
$30.09$584.74M14.3322.39%5.14%9.92%—
NVT logoNVTnVent Electric plc
$162.65$26.3B37.7429.51%12.34%15.76%—
WCC logoWCCWESCO International, Inc.
$362.08$17.64B27.757.76%2.84%14.08%—
GFF logoGFFGriffon Corporation
$97.46$4.47B89.41-3.95%9.1%198.41%—

Compare MLI vs Peers

Mueller Industries, Inc. (MLI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MWA

Most directly comparable listed peer for MLI.

Scale Benchmark

vs SCCO

Larger-name benchmark to compare MLI against a more recognizable public peer.

Peer Set

Compare Top 5

vs MWA, IIIN, NVT, WCC

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

MLI SEC Filings & Documents

Mueller Industries, Inc. (MLI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 10, 2026·SEC

Material company update

Jul 21, 2026·SEC

Material company update

Jul 1, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 26, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 22, 2026·SEC

FY 2026

Apr 22, 2026·SEC

FY 2025

Oct 22, 2025·SEC

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MLI Frequently Asked Questions

Mueller Industries, Inc. (MLI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Mueller Industries, Inc.'s revenue?

Mueller Industries, Inc. (MLI) reported $4.66B in revenue for fiscal year 2025. This represents a 549% increase from $718.3M in 1996.

How fast is Mueller Industries, Inc. growing?

Mueller Industries, Inc. (MLI) grew revenue by 10.9% over the past year. This is steady growth.

Is MLI profitable?

Yes, Mueller Industries, Inc. (MLI) is profitable, generating $850.5M in net income for fiscal year 2025 (18.3% net margin).

Dividend & Returns
Does MLI pay dividends?

Yes, Mueller Industries, Inc. (MLI) pays a dividend with a yield of 0.82%. This makes it attractive for income-focused investors.

What is MLI's return on equity?

Mueller Industries, Inc. (MLI) has a return on equity (ROE) of 28.7%. This is excellent, indicating efficient use of shareholder capital.

What is Mueller Industries, Inc.'s free cash flow?

Mueller Industries, Inc. (MLI) generated $374.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in MLI back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →