MUELLER INDUSTRIES INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data MUELLER INDUSTRIES INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	2,056	2,266	2,508	2,431	2,398	3,769	3,982	3,420	3,769	4,179
Cost of revenue	1,723	1,941	2,150	2,036	1,966	2,939	2,865	2,434	2,724	2,966
Gross profit	332	325	357	395	432	830	1,118	987	1,044	1,212
Selling, general and administrative	136	141	149	162	159	184	203	208	227	249
Operating income	154	151	173	191	246	656	877	756	770	959
Interest expense	7.39	19.5	25.2	25.7	19.2	7.71	0.81	1.22	0.41	0.11
Interest income	1.19	0.68	0.62	0.72	1.1	0.35	6.46	38.2	53.5	41.1
Other non-operating income	0.3	2.95	3.97	1.68	4.89	3.38	4.72	3.62	-2.95	1.29
Pre-tax income	146	127	150	166	209	641	876	845	820	1,012
Income tax	48.1	37.9	31	35.3	55.3	166	223	221	205	247
Net income to minority interests	0.03	1.41	2.36	5.26	4.16	6.6	4.5	6.75	12.7	8.4
Net income	99.7	85.6	104	101	139	469	658	603	605	765
EBITDA	190	185	213	234	291	701	921	796	824	1,027
EPS, basic	0.88	0.75	0.92	0.90	1.25	4.18	5.90	5.41	5.43	6.99
EPS, diluted	0.87	0.74	0.91	0.89	1.23	4.12	5.82	5.30	5.31	6.86
Shares, basic (weighted)	113	114	114	112	112	112	112	111	111	109
Shares, diluted (weighted)	114	115	115	113	113	114	113	114	114	111
Dividend per share	0.19	4.19	0.20	0.20	0.20	0.26	0.50	0.60	0.80	1.00

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	351	120	72.6	97.9	119	87.9	461	1,171	1,037	1,367
Short-term investments						0	218	98.1	21.9	22.7
Receivables	256	245	273	270	358	472	380	352	450	476
Inventory	242	328	330	292	315	430	449	380	462	510
Other current assets	44.7	46.2	26.8	33.8	33.8	29	26.5	39.2	40.7	70
Total current assets	894	739	703	694	825	1,019	1,535	2,040	2,012	2,446
Property, plant and equipment	295	304	371	363	377	386	380	385	515	536
Lease right-of-use assets			0	26.9	29.3	23.5	22.9	35.2	32.7	27.2
Goodwill	124	130	150	153	168	171	158	152	311	298
Intangible assets	36.2	42	62	60.1	77.2	61.7	54.8	46.2	306	287
Other non-current assets	20.7	28	26	25.4	14.4	6.68	20.2	17.5	25.3	29.7
Total assets	1,447	1,320	1,370	1,371	1,529	1,729	2,242	2,759	3,291	3,733
Accounts payable	103	103	104	85.6	148	181	128	120	174	181
Accrued liabilities	35.1	33.5	38.5	41.7	46.3	49.6	61.9	55.6	60.1	58.1
Short-term debt	13.7	16.5	7.1	7.53	41.3	0.81	0.81	0.8	1.09	0
Total current liabilities	219	242	233	234	340	382	348	317	398	413
Long-term debt	214	449	490	379	287	1.06	1.22	0.19	0	0
Lease liabilities			0	22.4	21.6	17.1	16.9	26.7	24.5	19
Other non-current liabilities	6.28	21.5	18.2	10.1	14.7	21.8	16.3	10.4	11.6	9.3
Total liabilities	511	784	806	709	728	472	428	401	486	497
Total debt	228	466	498	387	328	2.94	2.74	0.98	1.09	0
Paid-in capital	273	275	277	279	280	286	297	312	331	345
Retained earnings	1,142	744	825	903	1,020	1,458	2,060	2,594	3,108	3,762
Treasury stock	-450	-446	-474	-470	-469	-470	-503	-523	-587	-847
Other comprehensive income	-67	-51.1	-79.8	-68.8	-54.9	-53.3	-64.2	-47.2	-80.3	-50.8
Shareholders' equity	899	522	548	643	777	1,222	1,791	2,337	2,773	3,210
Minority interests	37.8	13.9	14.9	18.7	24.3	34.8	23.1	21.3	31.2	25.9
Total equity	936	536	563	662	801	1,257	1,814	2,359	2,804	3,236
Total liabilities and equity	1,447	1,320	1,370	1,371	1,529	1,729	2,242	2,759	3,291	3,733
Shares outstanding	115	116	114	114	114	57.3	114	114	114	222

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	99.8	87	107	106	144	475	663	610	618	774
Depreciation and amortization	35.1	33.9	39.6	42.7	44.8	45.4	43.7	40	53.1	68.6
Stock-based compensation	6.39	7.45	8.04	8.74	8.57	9.82	17.8	23.1	26.8	26.8
Deferred income tax	7	-3.16	0.17	-0.43	-4.05	7.41	-3.88	4.79	-0.87	6.57
Change in receivables	-16.5	-1.78	-11.1	6.59	-76.4	-125	82.7	30.9	-56.6	-19.1
Change in inventory	6.66	-86.3	27.5	39.6	5.21	-120	-24.2	67.9	-32.8	-40.4
Cash from operations	158	44	168	201	245	312	724	673	646	755
Capital expenditures	-37.5	-46.1	-38.5	-31.2	-43.9	-31.8	-37.6	-54	-80.2	-68.8
Acquisitions	-20.5	-18.4	-168	3.47	-72.6	-30.2	0	0	-603	0
Purchases of investments							-218	-106	-21.3	-70.7
Cash from investing	-47.7	-36.3	-187	-40.5	-126	29.1	-242	135	-607	-24.9
Debt issued	3.5	71.5	204	101	190	595	0	0
Debt repaid	-1.07	-111	-172	-207	-247	-921	-0.2	-0.24	-0.22	-0.19
Share buybacks	0	0	-33.6	-1.76	-5.57	-4.86	-38.1	-19.3	-48.7	-244
Dividends paid	-21.2	-2.91	-22.7	-22.3	-22.3	-29.1	-55.8	-66.9	-89.1	-109
Cash from financing	-22.6	-245	-28.3	-140	-92.3	-377	-103	-105	-160	-395
Exchange rate effect	-5.69	2.95	-1.95	0.51	2.15	-1.05	-4.37	5.59	-13.8	10.3
Net change in cash	76.5	-234	-49.4	20.9	29.3	-37	375	709	-135	346
Free cash flow	120	-2.14	129	169	201	280	686	619	566	687
Interest paid	7.1	13.8	25.2	25.4	19.8	13.9	0	0	0	0
Income taxes paid	40.1	42.5	38.1	41.8	49.3	133	238	220	210	246

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 27, 2026; growth uses fiscal years. Valuation uses the share price of $60.52 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	28.8%	Gross profit / revenue.
Operating margin	23.0%	Operating income / revenue.
EBITDA margin	24.4%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	24.1%	Pre-tax income / revenue.
Net margin	18.2%	Net income / revenue.
FCF margin	14.3%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	15.9%	Cash from operations / revenue.
Effective tax rate	24.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	24.0%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	20.0%	Net income / average total assets.
Return on invested capital (ROIC)	37.2%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	5.4%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.6%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.7%	Capital expenditures / revenue.
D&A / revenue	1.4%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	10.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	1.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	11.7%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	16.1%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	2.8%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	22.9%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	24.4%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	3.0%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	31.3%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	24.7%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	3.7%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	28.7%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	26.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	5.1%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	40.6%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	29.2%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	5.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	40.9%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	17.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	1.4%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	25.3%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	21.4%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	0.0%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	27.8%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	25.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	26.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	38.0%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	15.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	21.5%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	32.8%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	13.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	18.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	19.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-2.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.5%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.3%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	4.78x	Current assets / current liabilities.
Quick ratio	3.66x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	2.38x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.00x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	0.1%	Total debt / total assets.
Liabilities / assets	16.0%	Total liabilities / total assets.
Net debt	-$1.41B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	-1.24x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	5,352x	Operating income / interest expense.
Working capital	$2.25B	Current assets - current liabilities.
Goodwill and intangibles / assets	16.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	$2.86B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.09x	Revenue / average total assets.
Fixed asset turnover	8.37x	Revenue / average property, plant and equipment.
Inventory turnover	5.46x	Cost of revenue / average inventory.
Days inventory	67 days	365 x average inventory / cost of revenue.
Receivables turnover	6.12x	Revenue / average receivables.
Days sales outstanding	60 days	365 x average receivables / revenue.
Days payables	33 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	94 days	Days inventory + days sales outstanding - days payables.
FCF conversion	78.4%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	10.3%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.85	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$21.07	Revenue / diluted weighted shares.
FCF per share	$3.01	Free cash flow / diluted weighted shares.
Operating cash flow per share	$3.36	Cash from operations / diluted weighted shares.
Book value per share	$16.04	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$12.92	Tangible book value / shares outstanding.
Cash per share	$6.40	(Cash + short-term investments) / shares outstanding.
Payout ratio	15.4%	Dividends paid / net income, when net income is positive.
Dividends / FCF	19.6%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	11.5%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$13.39B	Share price x shares outstanding.
Enterprise value	$11.98B	Market cap + total debt - cash - short-term investments.
P/E	15.7x	Market cap / net income. Only when net income is positive.
P/S	2.87x	Market cap / revenue.
P/B	3.77x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	4.68x	Market cap / tangible book value, when positive.
P/FCF	20.1x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	18.0x	Market cap / cash from operations, when positive.
EV/Sales	2.57x	Enterprise value / revenue.
EV/EBIT	11.2x	Enterprise value / operating income, when both are positive.
EV/EBITDA	10.5x	Enterprise value / EBITDA, when both are positive.
EV/FCF	18.0x	Enterprise value / free cash flow, when both are positive.
FCF yield	5.0%	Free cash flow / market cap.
Earnings yield	6.4%	Net income / market cap (the inverse of P/E).
Dividend yield	1.0%	Dividends paid over the period / market cap.
Shareholder yield	1.5%	(Dividends paid + share buybacks) / market cap.
PEG	2.79x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was MUELLER INDUSTRIES INC's revenue in fiscal 2025?

MUELLER INDUSTRIES INC reported revenue of $4.18B for fiscal 2025, 10.9% higher than the year before.

Was MUELLER INDUSTRIES INC profitable in fiscal 2025?

Yes. Net income was $765.2M, a net margin of 18.3%.

How much free cash flow did MUELLER INDUSTRIES INC generate in fiscal 2025?

Cash from operations of $755.4M minus capital expenditures of $68.8M left free cash flow of $686.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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