Mueller Industries, Inc. (MLI) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MLI Revenue Growth
Revenue Breakdown (FY 2025)
MLI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MLI Revenue Analysis (2014–2025)
As of May 8, 2026, Mueller Industries, Inc. (MLI) generated trailing twelve-month (TTM) revenue of $4.37 billion, reflecting strong growth of +19.3% year-over-year. The most recent quarter (Q1 2026) recorded $1.19 billion in revenue, up 24.0% sequentially.
Looking at the longer-term picture, MLI's 5-year compound annual growth rate (CAGR) stands at +11.7%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $4.18 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows MLI's business is primarily driven by Piping Systems (64%), Industrial Metals (24%), and Climate (12%). With over half of revenue concentrated in Piping Systems, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including MWA (+6.6% YoY), IIIN (+26.2% YoY), and NVT (+40.3% YoY), MLI has underperformed the peer group in terms of revenue growth. Compare MLI vs MWA →
MLI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MLICurrent | $4.4B | +19.3% | +11.7% | 21.4% | |
 MWA | $1.4B | +6.6% | +8.2% | 18.2% | |
 IIIN | $648M | +26.2% | +6.5% | 8.4% | |
 NVT | $3.9B | +40.3% | +14.3% | 15.8% | |
 WCC | $23.5B | +11.2% | +13.8% | 5.2% | |
 GFF | $2.5B | -8.0% | +4.0% | 8.2% |
MLI Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.18B | +10.9% | $1.14B | 27.4% | $895.3M | 21.4% |
| 2024 | $3.77B | +10.2% | $1.04B | 27.7% | $770.4M | 20.4% |
| 2023 | $3.42B | -14.1% | $986.8M | 28.9% | $756.1M | 22.1% |
| 2022 | $3.98B | +5.7% | $1.12B | 28.1% | $877.1M | 22.0% |
| 2021 | $3.77B | +57.2% | $830.4M | 22.0% | $655.8M | 17.4% |
| 2020 | $2.40B | -1.3% | $431.9M | 18.0% | $245.8M | 10.3% |
| 2019 | $2.43B | -3.1% | $395.0M | 16.3% | $191.4M | 7.9% |
| 2018 | $2.51B | +10.7% | $357.5M | 14.3% | $173.0M | 6.9% |
| 2017 | $2.27B | +10.2% | $325.5M | 14.4% | $150.8M | 6.7% |
| 2016 | $2.06B | -2.1% | $332.1M | 16.2% | $154.4M | 7.5% |
Full MLI Stock Analysis
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Start ComparisonMLI — Frequently Asked Questions
Quick answers to the most common questions about buying MLI stock.
Is MLI's revenue growth accelerating or slowing?
MLI revenue is accelerating at +19.3% year-over-year, exceeding the 5-year CAGR of +11.7%. TTM revenue reached $4.4B. Growth momentum has increased versus prior periods.
What is MLI's long-term revenue growth rate?
Mueller Industries, Inc.'s 5-year revenue CAGR of +11.7% reflects the sustained expansion pattern. Current YoY growth of +19.3% is above this long-term average.
How is MLI's revenue distributed by segment?
MLI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.