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Manufacturer of copper, brass and aluminum tube, fittings and other metal products for plumbing, HVAC, refrigeration and industrial uses.
Manufacturer of copper, brass and aluminum tube, fittings and other metal products for plumbing, HVAC, refrigeration and industrial uses.
Prices its copper tube as the copper cost plus a charge for making it, so the metal is largely passed through to buyers and profit rests on that fabrication spread and on volume. Plumbing wholesalers carry the products to contractors.
Moat: none (scale). Commodity metal-forming business; scale and vertical integration help margins but products are largely undifferentiated.
Headquarters: Memphis, Tennessee, USA · Founded: 1917 · Employees: 4,832
Size Mueller Industries (MLI) is a United States Industrials company (Metal Fabrication) with a market value of $11.5B, the 715th largest of 3,117 United States companies the cockpit tracks. Shares closed at $52.96 on 6 Nov 2026.
Performance Over six months the shares fell 24.8%, against -13.7% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 20.8% over the last twelve months (peer median +20.1%); the operating margin is 20.4% (peer median 10.9%).
Valuation It trades at 12.0× forward earnings against a peer median of 24.7× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 28.1 points above its cost of capital (9.9% WACC).
Short interest Short interest is 2.3% of the free float (15 Oct 2026).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.00B | $4.18B | $3.77B | $3.42B | $3.98B |
| Revenue growth | — | +11% | +10% | -14% | — |
| Gross profit | $1.27B | $1.14B | $993M | $945M | $1.06B |
| EBITDA | $1.09B | $959M | $819M | $777M | $904M |
| Net income | $864M | $765M | $605M | $603M | $658M |
| Free cash flow | $690M | $687M | $566M | $620M | $689M |
| Capital expenditure | $80.6M | $68.8M | $80.2M | $54.0M | $37.6M |
| Total debt | $26.5M | $27.5M | $33.8M | $35.6M | $23.9M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MLI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.4% | -6.4% | 6th lowest of 21 |
| 6-month return | -24.8% | -13.7% | 6th lowest of 21 |
| Distance from 52-week high | -25.5% | -30.0% | 10th highest of 21 |
| Revenue growth (TTM) | +20.8% | +20.1% | 11th highest of 21 |
| Operating margin | 20.4% | 10.9% | 3rd highest of 21 |
| Forward P/E | 12.0× | 24.7× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 0.0% | 15.5% | 2nd least demanding of 11 |
| Growth delivered (Del g) | +11.7% | +16.8% | 4th lowest of 11 |
| Hurdle (Req g minus delivered) | -11.8 pp | +2.6 pp | 2nd least demanding of 11 |
| ROIC minus cost of capital | +28.1 pp | +0.8 pp | 2nd highest of 21 |
| EV / EBITDA | 9.3× | 13.7× | 3rd cheapest of 12 |
| Net debt / EBITDA | -1.3× | 0.4× | least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Mueller Industries MLI | United States | $11.5B | -25% | +21% | 20% | 12.0× | 0.0% | +11.7% |
| SKF SKF-A.ST | Sweden | $12.7B | +18% | -10% | 12% | 16.4× | 5.8% | +4.1% |
| Bluescope Steel BSL.AX | Australia | $9.53B | +4% | +2% | 6% | 10.3× | 16.7% | +5.3% |
| SSAB SSAB-A.ST | Sweden | $9.31B | +10% | +3% | 8% | 12.2× | n/a | n/a |
| Bharat Forge BHARATFORG.NS | India | $9.01B | -13% | +18% | 11% | 51.4× | 46.3% | +21.6% |
| RBC Bearings RBC | United States | $15.0B | -22% | +17% | 26% | 29.6× | 26.0% | +25.2% |
| Anhui Tongguan Copper Foil 301217.SZ | China | $8.60B | -12% | +36% | 5% | 105.6× | n/a | n/a |
| Valmont Industries VMI | United States | $7.74B | -21% | +5% | 14% | 15.9× | 10.7% | +7.2% |
| Himile Mechanical Science & Technology (Shandong) 002595.SZ | China | $7.40B | -29% | +17% | 20% | 19.8× | 8.4% | +15.9% |
| SFS SFSN.SW | Switzerland | $6.68B | +15% | +2% | 12% | 19.8× | -2.1% | +12.3% |
| Schaeffler India SCHAEFFLER.NS | India | $5.83B | -17% | +23% | 15% | 40.4× | 29.7% | +20.8% |
| Jiujiang Defu Technology 301511.SZ | China | $5.09B | -28% | +69% | 6% | 44.4× | n/a | n/a |
| Shandong Hongqiao Aluminum Industry 002379.SZ | China | $28.8B | -41% | +9,614% | 20% | 6.3× | n/a | n/a |
| JL MAG Rare-Earth 6680.HK | Hong Kong | $4.59B | -27% | +46% | 11% | 17.3× | 14.3% | +25.2% |
| POCO 300811.SZ | China | $4.24B | -15% | +48% | 24% | 38.4× | n/a | n/a |
| Hengdian Group DMEGC Magnetics 002056.SZ | China | $4.16B | -9% | +3% | 7% | 14.5× | n/a | n/a |
| PTC Industries PTCIL.NS | India | $4.09B | +45% | +95% | 19% | 174.5× | n/a | n/a |
| Shyam Metalics & Energy SHYAMMETL.NS | India | $3.84B | +47% | +26% | 9% | 19.3× | n/a | n/a |
| Endurance Technologies ENDURANCE.NS | India | $3.71B | -1% | +32% | 8% | 32.3× | 29.9% | +17.6% |
| Sinomach Precision Industry 002046.SZ | China | $3.47B | -17% | -1% | 4% | 75.7× | n/a | n/a |
| Shaanxi Sirui Advanced Materials 688102.SS | China | $2.99B | -39% | +38% | 11% | 96.5× | n/a | n/a |