Friday 6 November 2026 Export MLI’s income statement to Excel — free account

Mueller Industries, Inc.

Mueller Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.2 billion, up 10.9% from fiscal 2024.

Revenue: +31.6%
EPS: +6.81%
Free cash flow: +1.90%
Total debt: +379.3%

Quarter to September 2026, against a year earlier

Dividend growth 3 yrs

52.58 2.62 −4.75%

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Market cap: $11.4B
P/E: 13.2×
Fwd P/E: 13.4×
Dividend yield: 1.24%
F-score: 7/9
Altman Z: 19.20
Beneish M: −2.47
Dividend safety: 88/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Mueller Industries, Inc. (MLI) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Piping Systems	2,709	64.82%
Industrial Metals	1,024	24.50%
Climate	498	11.92%
Gross margin		29.02%
Operating margin		22.94%
Pre-tax margin		24.23%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Piping Systems	2,709 64.82%	2,514 66.71%	2,383 69.66%	2,730 68.55%	2,600 68.98%	1,583 66.01%	1,542 63.46%	1,646 65.62%	1,565 69.06%	1,430 69.55%
Industrial Metals	1,024 24.50%	818 21.72%	578 16.90%	645 16.19%	703 18.66%	472 19.69%	554 22.81%	651 25.96%	602 26.57%	521 25.35%
Climate	498 11.92%	488 12.96%	501 14.64%	650 16.33%	495 13.14%	370 15.43%	356 14.66%	229 9.13%	131 5.80%	120 5.83%
Eliminations	(52) (1.24%)	(52) (1.39%)	(41) (1.20%)	(43) (1.07%)	(29) (0.78%)	(27) (1.14%)	(22) (0.92%)	(18) (0.71%)	(32) (1.43%)	(15) (0.72%)
Revenue	4,179	3,769	3,420	3,982	3,769	2,398	2,431	2,508	2,266	2,056

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Piping Systems	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Climate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Industrial Metals	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
United States	3,285 78.63%	2,827 75.00%	2,572 75.20%	2,965 74.45%	2,792 74.06%	1,766 73.64%	1,775 73.04%	1,821 72.61%
Canada	348 8.32%	345 9.14%	340 9.93%	411 10.31%	470 12.46%	294 12.25%	286 11.76%	293 11.68%
United Kingdom	283 6.78%	281 7.45%	270 7.90%	298 7.47%	331 8.78%	208 8.66%	231 9.50%	245 9.79%
Asia and the Middle East	187 4.47%	231 6.13%	154 4.50%	218 5.47%	83 2.21%	58 2.43%	64 2.65%	60 2.38%
Mexico	75 1.81%	86 2.28%	85 2.47%	91 2.29%	94 2.49%	72 3.02%	74 3.06%	89 3.55%
Revenue	4,179	3,769	3,420	3,982	3,769	2,398	2,431	2,508

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.