Mueller Inds Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Mueller Inds has an operating margin of 20.4%, meaning the company retains $20 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 22.1% the prior year.
Mueller Inds's revenue grew 10.2% year-over-year to $3.8B, a solid pace of expansion. This earns a growth score of 58/100.
Mueller Inds carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.06, Mueller Inds holds $5.06 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Mueller Inds converts 15.0% of revenue into free cash flow ($565.7M). This strong cash generation earns a score of 75/100.
Mueller Inds earns a strong 21.8% return on equity (ROE), meaning it generates $22 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 87/100. This is down from 25.8% the prior year.
Mueller Inds scores 20.18, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($13.3B) relative to total liabilities ($486.5M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Mueller Inds passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Mueller Inds generates $1.07 in operating cash flow ($645.9M OCF vs $604.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Mueller Inds earns $1879.0 in operating income for every $1 of interest expense ($770.4M vs $410K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Mueller Inds (MLI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Mueller Inds generated $3.8B in revenue in fiscal year 2024. This represents an increase of 10.2% from the prior year.
Mueller Inds's EBITDA was $823.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 3.5% from the prior year.
Mueller Inds generated $565.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 8.6% from the prior year.
Mueller Inds reported $604.9M in net income in fiscal year 2024. This represents an increase of 0.3% from the prior year.
Mueller Inds earned $5.31 per diluted share (EPS) in fiscal year 2024. This represents an increase of 0.2% from the prior year.
Mueller Inds held $1.0B in cash against $0 in long-term debt as of fiscal year 2024.
Mueller Inds paid $0.80 per share in dividends in fiscal year 2024. This represents an increase of 33.3% from the prior year.
Mueller Inds had 114M shares outstanding in fiscal year 2024. This represents a decrease of 0.4% from the prior year.
Mueller Inds's gross margin was 27.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.1 percentage points from the prior year.
Mueller Inds's operating margin was 20.4% in fiscal year 2024, reflecting core business profitability. This is down 1.7 percentage points from the prior year.
Mueller Inds's net profit margin was 16.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.6 percentage points from the prior year.
Mueller Inds's ROE was 21.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 4.0 percentage points from the prior year.
Mueller Inds spent $48.7M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 152.2% from the prior year.
Mueller Inds invested $80.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 48.5% from the prior year.
MLI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B-5.3% | $1.1B+13.8% | $1.0B+8.3% | $923.5M-7.4% | $997.8M0.0% | $997.7M+17.4% | $849.7M+16.0% | $732.4M |
| Cost of Revenue | $738.1M-6.0% | $785.2M+7.8% | $728.2M+9.0% | $668.2M-7.5% | $722.5M-0.3% | $725.0M+19.1% | $608.7M+13.5% | $536.4M |
| Gross Profit | $339.7M-3.8% | $353.0M+29.8% | $272.0M+6.5% | $255.4M-7.3% | $275.4M+1.0% | $272.8M+13.2% | $241.0M+22.9% | $196.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $61.7M-8.7% | $67.5M+7.1% | $63.1M-4.4% | $66.0M+10.7% | $59.6M+13.1% | $52.7M+9.0% | $48.4M-5.5% | $51.2M |
| Operating Income | $276.1M-9.2% | $304.2M+47.5% | $206.3M+21.1% | $170.3M-17.6% | $206.7M-1.6% | $210.0M+14.5% | $183.4M+35.6% | $135.2M |
| Interest Expense | $6K-64.7% | $17K-32.0% | $25K-66.7% | $75K-33.6% | $113K+5.6% | $107K-7.0% | $115K-83.9% | $713K |
| Income Tax | $73.9M-6.3% | $78.9M+53.2% | $51.5M+12.7% | $45.7M-7.2% | $49.2M-15.8% | $58.4M+12.6% | $51.8M+11.6% | $46.4M |
| Net Income | $208.1M-15.4% | $245.9M+56.2% | $157.4M+14.4% | $137.7M-18.4% | $168.7M+5.3% | $160.2M+15.8% | $138.4M+16.0% | $119.2M |
| EPS (Diluted) | $1.88-15.3% | $2.22+59.7% | $1.39+14.9% | $1.21-18.2% | $1.48+5.0% | $1.41+16.5% | $1.21+15.2% | $1.05 |
MLI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.7B+6.0% | $3.5B+7.9% | $3.2B-1.8% | $3.3B+2.6% | $3.2B+4.6% | $3.1B+5.9% | $2.9B+4.9% | $2.8B |
| Current Assets | $2.4B+9.7% | $2.2B+13.0% | $2.0B-2.6% | $2.0B+5.0% | $1.9B+6.1% | $1.8B-17.4% | $2.2B+7.1% | $2.0B |
| Cash & Equivalents | $1.3B+25.9% | $1.0B+20.7% | $830.1M-20.0% | $1.0B+7.5% | $965.1M+16.9% | $825.7M-39.2% | $1.4B+16.0% | $1.2B |
| Inventory | $510.0M-0.3% | $511.7M+6.1% | $482.2M+4.3% | $462.3M+15.5% | $400.3M-1.5% | $406.2M+13.8% | $356.9M-6.1% | $380.2M |
| Accounts Receivable | $556.6M-6.1% | $592.6M+7.1% | $553.1M+22.9% | $450.1M-10.1% | $500.6M-4.2% | $522.6M+23.1% | $424.4M+20.7% | $351.6M |
| Goodwill | $297.8M-0.2% | $298.4M-4.2% | $311.4M+0.1% | $311.2M-48.1% | $599.6M-1.5% | $608.9M+302.6% | $151.2M-0.4% | $151.8M |
| Total Liabilities | $600.7M+9.9% | $546.8M+0.5% | $544.2M+11.9% | $486.5M-2.2% | $497.5M+0.8% | $493.3M+10.6% | $445.9M+11.3% | $400.6M |
| Current Liabilities | $503.2M+10.4% | $456.0M-0.1% | $456.4M+14.7% | $398.0M+1.0% | $394.0M+1.7% | $387.2M+7.2% | $361.3M+13.9% | $317.1M |
| Long-Term Debt | $0 | $0 | $0 | $0-100.0% | $19K-74.3% | $74K-43.1% | $130K-29.7% | $185K |
| Total Equity | $3.1B+5.3% | $2.9B+9.4% | $2.7B-3.8% | $2.8B+3.5% | $2.7B+5.2% | $2.5B+5.0% | $2.4B+3.7% | $2.3B |
| Retained Earnings | $3.6B+5.2% | $3.5B+6.7% | $3.2B+4.2% | $3.1B+3.8% | $3.0B+5.1% | $2.8B+5.1% | $2.7B+4.5% | $2.6B |
MLI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $310.1M+62.7% | $190.6M+67.8% | $113.6M-19.0% | $140.1M-39.4% | $231.4M+129.7% | $100.8M-42.0% | $173.6M-0.4% | $174.3M |
| Capital Expenditures | $18.3M+29.7% | $14.1M-15.0% | $16.6M-42.6% | $28.9M+12.6% | $25.7M+179.3% | $9.2M-43.9% | $16.4M+12.7% | $14.6M |
| Free Cash Flow | $291.8M+65.3% | $176.5M+82.0% | $97.0M-12.8% | $111.2M-45.9% | $205.7M+124.7% | $91.6M-41.8% | $157.2M-1.6% | $159.7M |
| Investing Cash Flow | $699K+107.0% | -$10.0M+57.1% | -$23.4M+34.3% | -$35.7M+39.6% | -$59.0M+89.9% | -$582.7M-927.2% | $70.4M+72.0% | $41.0M |
| Financing Cash Flow | -$52.7M-96.2% | -$26.9M+90.7% | -$287.7M-1205.7% | -$22.0M+54.9% | -$48.9M-32.9% | -$36.8M+30.4% | -$52.8M-107.0% | -$25.5M |
| Dividends Paid | $27.3M+0.7% | $27.1M-0.5% | $27.3M+22.2% | $22.3M0.0% | $22.3M+0.3% | $22.2M-0.1% | $22.3M+33.0% | $16.7M |
| Share Buybacks | $0 | $0-100.0% | $243.6M | $0-100.0% | $5.7M-62.2% | $15.1M-46.1% | $27.9M | $0 |
MLI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.5%+0.5pp | 31.0%+3.8pp | 27.2%-0.5pp | 27.7%+0.1pp | 27.6%+0.3pp | 27.3%-1.0pp | 28.4%+1.6pp | 26.8% |
| Operating Margin | 25.6%-1.1pp | 26.7%+6.1pp | 20.6%+2.2pp | 18.4%-2.3pp | 20.7%-0.3pp | 21.1%-0.5pp | 21.6%+3.1pp | 18.5% |
| Net Margin | 19.3%-2.3pp | 21.6%+5.9pp | 15.7%+0.8pp | 14.9%-2.0pp | 16.9%+0.9pp | 16.1%-0.2pp | 16.3%0.0pp | 16.3% |
| Return on Equity | 6.8%-1.7pp | 8.4%+2.5pp | 5.9%+0.9pp | 5.0%-1.3pp | 6.3%+0.0pp | 6.3%+0.6pp | 5.7%+0.6pp | 5.1% |
| Return on Assets | 5.6%-1.4pp | 7.0%+2.2pp | 4.9%+0.7pp | 4.2%-1.1pp | 5.3%+0.0pp | 5.2%+0.4pp | 4.8%+0.5pp | 4.3% |
| Current Ratio | 4.83-0.0 | 4.86+0.6 | 4.29-0.8 | 5.06+0.2 | 4.86+0.2 | 4.66-1.4 | 6.05-0.4 | 6.43 |
| Debt-to-Equity | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.00 |
| FCF Margin | 27.1%+11.6pp | 15.5%+5.8pp | 9.7%-2.3pp | 12.0%-8.6pp | 20.6%+11.4pp | 9.2%-9.3pp | 18.5%-3.3pp | 21.8% |
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Frequently Asked Questions
What is Mueller Inds's annual revenue?
Mueller Inds (MLI) reported $3.8B in total revenue for fiscal year 2024. This represents a 10.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Mueller Inds's revenue growing?
Mueller Inds (MLI) revenue grew by 10.2% year-over-year, from $3.4B to $3.8B in fiscal year 2024.
Is Mueller Inds profitable?
Yes, Mueller Inds (MLI) reported a net income of $604.9M in fiscal year 2024, with a net profit margin of 16.1%.
What is Mueller Inds's earnings per share (EPS)?
Mueller Inds (MLI) reported diluted earnings per share of $5.31 for fiscal year 2024. This represents a 0.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Mueller Inds's EBITDA?
Mueller Inds (MLI) had EBITDA of $823.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Mueller Inds have?
As of fiscal year 2024, Mueller Inds (MLI) had $1.0B in cash and equivalents against $0 in long-term debt.
What is Mueller Inds's gross margin?
Mueller Inds (MLI) had a gross margin of 27.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Mueller Inds's operating margin?
Mueller Inds (MLI) had an operating margin of 20.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Mueller Inds's net profit margin?
Mueller Inds (MLI) had a net profit margin of 16.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Mueller Inds pay dividends?
Yes, Mueller Inds (MLI) paid $0.80 per share in dividends during fiscal year 2024.
What is Mueller Inds's return on equity (ROE)?
Mueller Inds (MLI) has a return on equity of 21.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Mueller Inds's free cash flow?
Mueller Inds (MLI) generated $565.7M in free cash flow during fiscal year 2024. This represents a -8.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Mueller Inds's operating cash flow?
Mueller Inds (MLI) generated $645.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Mueller Inds's total assets?
Mueller Inds (MLI) had $3.3B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Mueller Inds's capital expenditures?
Mueller Inds (MLI) invested $80.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Mueller Inds buy back shares?
Yes, Mueller Inds (MLI) spent $48.7M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Mueller Inds have outstanding?
Mueller Inds (MLI) had 114M shares outstanding as of fiscal year 2024.
What is Mueller Inds's current ratio?
Mueller Inds (MLI) had a current ratio of 5.06 as of fiscal year 2024, which is generally considered healthy.
What is Mueller Inds's debt-to-equity ratio?
Mueller Inds (MLI) had a debt-to-equity ratio of 0.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mueller Inds's return on assets (ROA)?
Mueller Inds (MLI) had a return on assets of 18.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Mueller Inds's Altman Z-Score?
Mueller Inds (MLI) has an Altman Z-Score of 20.18, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Mueller Inds's Piotroski F-Score?
Mueller Inds (MLI) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mueller Inds's earnings high quality?
Mueller Inds (MLI) has an earnings quality ratio of 1.07x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Mueller Inds cover its interest payments?
Mueller Inds (MLI) has an interest coverage ratio of 1879.0x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Mueller Inds?
Mueller Inds (MLI) scores 87 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.