Mueller Industries, Inc.
MLI Industrials Metal Fabrication
Mueller Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.2 billion, up 10.9% from fiscal 2024. In the quarter to June 2026, revenue grew 25.5%, EPS grew 1.77% and free cash flow grew 7.23%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
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Mueller Industries, Inc. (MLI) Altman Z-score
Mueller Industries, Inc.'s Altman Z-score for fiscal 2025 is 19.20, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 19.20 | 4.47 |
| FY2024 | 14.73 | 2.65 |
| FY2023 | 12.08 | 2.48 |
| FY2022 | 9.60 | 0.32 |
| FY2021 | 9.28 | 4.25 |
| FY2020 | 5.03 | (0.03) |
| FY2019 | 5.06 | 0.57 |
| FY2018 | 4.49 | (0.39) |
| FY2017 | 4.88 | (1.21) |
| FY2016 | 6.09 | 0.63 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.54 | — | 0.65 | |
| Retained earnings / total assets | 1.01 | — | 1.41 | |
| EBIT / total assets | 0.26 | — | 0.85 | |
| Market value of equity / total liabilities | 25.28 | — | 15.17 | |
| Sales / total assets | 1.12 | — | 1.12 | |
| Altman Z-score | Safe zone | 19.20 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 15.42 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| MLI Mueller Industries, Inc. | 19.2× |
| CRS Carpenter Technology Corporation compare | 14.2× |
| PRLB Proto Labs, Inc. compare | 9.6× |
| ATI ATI Inc. compare | 4.8× |
| GPGI CompoSecure, Inc. compare | 3.7× |
| WOR Worthington Enterprises, Inc. compare | 3.6× |
| CMC Commercial Metals Company compare | 3.0× |
| ESAB ESAB Corporation compare | 2.9× |
| RYZ Ryerson Holding Corporation compare | 2.8× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets