Mueller Industries, Inc. (MLI) Key Metrics
MLI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $13.29B
- Enterprise value
- $11.95B
- P/E (TTM)
- 15.6 10-yr median 14.6
- Forward P/E
- 18.2
- PEG ratio
- 3.41
- Price / sales
- 2.9 10-yr median 0.9
- Price / book
- 3.8 10-yr median 2.7
- EV / EBITDA
- 10.1 10-yr median 8.6
- Dividend yield
- 1.17% $0.70 a year
- Beta
- 1.09
MLI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMLI valuation Price multiples at each fiscal year-end price.
MLI returns How much profit the business earns on the capital it uses.
MLI per-share figures Results divided by the shares outstanding at year-end.
MLI financial health Debt, liquidity and how easily interest is covered.
MLI efficiency & capital use Working capital cycle and where the cash goes.
MLI valuation history
MLI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MLI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MLI cash returned to shareholders
MLI price vs earnings per share
MLI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $12.73B | $9.03B | $5.36B | $3.34B | $3.37B | $1.98B | $1.79B | $1.34B | $2.04B | $2.29B |
| Enterprise value | $11.39B | $8.00B | $4.13B | $2.68B | $3.31B | $2.22B | $2.10B | $1.76B | $2.38B | $2.17B |
| P/E ratio | 16.6 | 14.9 | 8.9 | 5.1 | 7.2 | 14.2 | 17.7 | 12.8 | 23.8 | 23.0 |
| Price / sales | 3.0 | 2.4 | 1.6 | 0.8 | 0.9 | 0.8 | 0.7 | 0.5 | 0.9 | 1.1 |
| Price / book | 5.1 | 3.3 | 2.3 | 1.9 | 2.8 | 2.5 | 2.8 | 2.4 | 3.9 | 2.5 |
| Price / free cash flow | 18.5 | 16.0 | 8.7 | 4.9 | 12.0 | 9.8 | 10.6 | 10.3 | — | 19.0 |
| Price / operating cash flow | 16.9 | 14.0 | 8.0 | 4.6 | 10.8 | 8.1 | 8.9 | 8.0 | 46.3 | 14.5 |
| EV / sales | 2.7 | 2.1 | 1.2 | 0.7 | 0.9 | 0.9 | 0.9 | 0.7 | 1.1 | 1.1 |
| EV / EBITDA | 10.5 | 9.2 | 4.7 | 2.9 | 4.8 | 8.1 | 9.0 | 8.2 | 13.2 | 11.5 |
| EV / free cash flow | 16.6 | 14.1 | 6.7 | 3.9 | 11.8 | 11.0 | 12.4 | 13.6 | — | 18.0 |
| Earnings yield | 6.0% | 6.7% | 11.2% | 19.7% | 13.9% | 7.0% | 5.6% | 7.8% | 4.2% | 4.4% |
| Free cash flow yield | 5.4% | 6.3% | 11.5% | 20.6% | 8.3% | 10.2% | 9.5% | 9.7% | −0.1% | 5.3% |
| Dividend yield | 0.9% | 1.0% | 1.2% | 1.7% | 0.9% | 1.1% | 1.2% | 1.7% | 9.7% | 0.9% |
| Shareholder yield (dividends + buybacks) | 2.8% | 1.5% | 1.6% | 2.8% | 1.0% | 1.4% | 1.3% | 4.2% | 9.7% | 0.9% |
| Share price at fiscal year-end | $57.40 | $39.68 | $23.57 | $14.75 | $14.84 | $8.78 | $7.94 | $5.84 | $8.86 | $9.99 |
| Per share | ||||||||||
| Revenue per share | $18.83 | $16.56 | $15.05 | $17.60 | $16.59 | $10.63 | $10.78 | $10.95 | $9.86 | $8.97 |
| Earnings per share | $3.45 | $2.66 | $2.65 | $2.91 | $2.06 | $0.62 | $0.45 | $0.46 | $0.37 | $0.44 |
| Operating cash flow per share | $3.41 | $2.84 | $2.96 | $3.20 | $1.37 | $1.09 | $0.89 | $0.73 | $0.19 | $0.69 |
| Free cash flow per share | $3.09 | $2.49 | $2.72 | $3.03 | $1.23 | $0.89 | $0.75 | $0.56 | −$0.01 | $0.52 |
| Cash per share | $6.26 | $4.65 | $5.58 | $3.00 | $0.39 | $0.53 | $0.43 | $0.32 | $0.52 | $1.53 |
| Book value per share | $11.25 | $12.19 | $10.28 | $7.92 | $5.38 | $3.44 | $2.86 | $2.39 | $2.27 | $3.92 |
| Tangible book value per share | $8.61 | $9.47 | $9.41 | $6.98 | $4.35 | $2.36 | $1.91 | $1.47 | $1.52 | $3.22 |
| Dividends per share | $0.49 | $0.39 | $0.29 | $0.25 | $0.13 | $0.10 | $0.10 | $0.10 | $0.86 | $0.09 |
| Capex per share | $0.31 | $0.35 | $0.24 | $0.17 | $0.14 | $0.19 | $0.14 | $0.17 | $0.20 | $0.16 |
| Debt per share | $0.21 | $0.15 | $0.16 | $0.11 | $0.11 | $1.58 | $1.84 | $2.17 | $2.02 | $0.99 |
| Shares outstanding | 221.9M | 227.6M | 227.3M | 226.2M | 227.2M | 225.6M | 225.4M | 229.1M | 229.9M | 229.3M |
| Change in shares outstanding | −2.5% | +0.1% | +0.5% | −0.4% | +0.7% | +0.1% | −1.6% | −0.4% | +0.3% | +0.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 29.1% | 23.7% | 29.2% | 43.7% | 46.9% | 19.6% | 16.9% | 19.5% | 12.0% | 11.6% |
| Return on invested capital (ROIC) | 46.8% | 40.6% | 49.6% | 57.2% | 44.8% | 18.0% | 14.9% | 14.6% | 12.8% | 13.5% |
| Return on assets (ROA) | 24.3% | 20.0% | 24.1% | 33.2% | 28.8% | 9.6% | 7.4% | 7.8% | 6.2% | 7.2% |
| Return on tangible assets | 31.5% | 22.6% | 23.5% | 32.4% | 31.3% | 10.9% | 8.7% | 9.0% | 7.5% | 7.7% |
| Free cash flow margin | 16.4% | 15.0% | 18.1% | 17.2% | 7.4% | 8.4% | 7.0% | 5.2% | −0.1% | 5.9% |
| Income quality (OCF / net income) | 0.99 | 1.07 | 1.12 | 1.10 | 0.67 | 1.76 | 1.99 | 1.61 | 0.51 | 1.58 |
| Financial health | ||||||||||
| Total debt | $46.5M | $33.8M | $35.6M | $23.9M | $25.0M | $355.7M | $413.9M | $496.7M | $465.1M | $227.4M |
| Cash & short-term investments | $1.39B | $1.06B | $1.27B | $678.9M | $87.9M | $119.1M | $97.9M | $72.6M | $120.3M | $351.3M |
| Net debt | −$1.34B | −$1.03B | −$1.23B | −$655.0M | −$62.9M | $236.7M | $315.9M | $424.1M | $344.8M | −$124.0M |
| Debt / equity | 0.02 | 0.01 | 0.02 | 0.01 | 0.02 | 0.46 | 0.64 | 0.91 | 0.89 | 0.25 |
| Debt / assets | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.23 | 0.30 | 0.36 | 0.35 | 0.16 |
| Net debt / EBITDA | −1.23 | −1.17 | −1.39 | −0.71 | −0.09 | 0.87 | 1.35 | 1.97 | 1.91 | −0.66 |
| Current ratio | 5.92 | 5.06 | 6.43 | 4.41 | 2.66 | 2.43 | 2.96 | 3.02 | 3.05 | 4.08 |
| Quick ratio | 4.68 | 3.89 | 5.23 | 3.12 | 1.54 | 1.50 | 1.71 | 1.60 | 1.70 | 2.98 |
| Interest coverage | — | — | 619.2 | — | 85.1 | 12.8 | 7.5 | 6.9 | 7.7 | 20.9 |
| Working capital | $2.03B | $1.61B | $1.72B | $1.19B | $636.6M | $485.7M | $459.5M | $469.8M | $496.9M | $675.3M |
| Invested capital | $1.15B | $1.75B | $1.10B | $1.14B | $1.16B | $1.01B | $959.4M | $972.4M | $866.9M | $774.7M |
| Tangible asset value | $1.94B | $2.19B | $2.16B | $1.60B | $1.02B | $556.1M | $448.8M | $351.0M | $363.7M | $776.3M |
| Net current asset value | $1.95B | $1.53B | $1.64B | $1.11B | $547.0M | $97.9M | −$15.0M | −$103.7M | −$45.0M | $383.3M |
| Graham number | $29.54 | $27.00 | $24.77 | $22.77 | $15.80 | $6.92 | $5.36 | $4.96 | $4.36 | $6.19 |
| Graham net-net per share | $6.78 | $5.02 | $5.82 | $3.36 | $0.81 | −$0.81 | −$1.16 | −$1.59 | −$1.38 | $0.67 |
| Capital allocation | ||||||||||
| Dividends paid | $109.0M | $89.1M | $66.9M | $55.8M | $29.1M | $22.3M | $22.3M | $22.7M | $196.9M | $21.2M |
| Share buybacks (net) | $243.6M | $48.7M | $19.3M | $38.1M | $4.9M | $5.6M | $1.8M | $33.6M | $0 | $0 |
| Dividend payout ratio | 14.3% | 14.7% | 11.1% | 8.5% | 6.2% | 16.0% | 22.1% | 21.7% | 230.1% | 21.3% |
| Dividends + buybacks / free cash flow | 51.4% | 24.4% | 13.9% | 13.7% | 12.1% | 13.9% | 14.2% | 43.5% | — | 17.6% |
| Capex / revenue | 1.6% | 2.1% | 1.6% | 0.9% | 0.8% | 1.8% | 1.3% | 1.5% | 2.0% | 1.8% |
| Capex / operating cash flow | 9.1% | 12.4% | 8.0% | 5.2% | 10.2% | 17.9% | 15.5% | 22.9% | 104.9% | 23.8% |
| Capex / depreciation | 1.00 | 1.51 | 1.35 | 0.85 | 0.70 | 0.97 | 0.72 | 0.97 | 1.36 | 1.07 |
| Stock-based compensation / revenue | 0.6% | 0.7% | 0.7% | 0.4% | 0.3% | 0.4% | 0.4% | 0.3% | 0.3% | 0.3% |
| SG&A / revenue | 6.0% | 6.0% | 6.1% | 5.1% | 4.9% | 6.7% | 6.7% | 6.1% | 6.2% | 6.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 40.4 | 38.8 | 39.1 | 39.1 | 40.2 | 47.8 | 40.8 | 37.7 | 40.4 | 45.1 |
| Days of inventory on hand | 58.5 | 56.4 | 62.2 | 56.0 | 46.3 | 56.4 | 55.8 | 55.8 | 53.6 | 51.0 |
| Days payables outstanding | 21.3 | 19.7 | 18.6 | 19.7 | 20.4 | 21.7 | 17.0 | 17.5 | 19.3 | 20.2 |
| Cash conversion cycle (days) | 77.6 | 75.6 | 82.6 | 75.4 | 66.0 | 82.4 | 79.6 | 76.0 | 74.6 | 75.8 |
| Receivables turnover | 9.03 | 9.40 | 9.35 | 9.35 | 9.09 | 7.64 | 8.95 | 9.68 | 9.04 | 8.10 |
| Payables turnover | 17.13 | 18.52 | 19.59 | 18.56 | 17.89 | 16.85 | 21.50 | 20.85 | 18.87 | 18.03 |
| Inventory turnover | 6.24 | 6.47 | 5.87 | 6.52 | 7.89 | 6.48 | 6.55 | 6.54 | 6.81 | 7.16 |
| Asset turnover | 1.32 | 1.25 | 1.37 | 2.01 | 2.31 | 1.65 | 1.77 | 1.86 | 1.64 | 1.48 |
| Average receivables | $462.8M | $400.8M | $366.0M | $426.1M | $414.7M | $313.7M | $271.7M | $259.1M | $250.5M | $253.9M |
| Average payables | $177.2M | $147.1M | $124.2M | $154.4M | $164.3M | $116.7M | $94.7M | $103.1M | $102.8M | $95.6M |
| Average inventory | $486.4M | $421.3M | $414.6M | $439.6M | $372.6M | $303.6M | $311.0M | $328.8M | $285.0M | $240.7M |
| Intangibles / total assets | 19.4% | 18.8% | 7.2% | 9.5% | 13.5% | 16.0% | 15.6% | 15.5% | 13.1% | 11.1% |
Computed from MLI's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MLI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Mueller Industries traded at 16.6 times earnings, against a 10-year median of 14.6. Based on the latest twelve months, the trailing P/E is 15.6 and the forward P/E is 18.2. Mueller Industries earned a return on equity of 29.1% and a return on invested capital of 46.8% in fiscal 2025. It ended the year with $46.5 million of debt and $1.4 billion in cash and short-term investments, a net cash position of $1.3 billion. It returned $352.7 million to shareholders: $109.0 million in dividends and $243.6 million in share buybacks, 51% of free cash flow. The share count fell 3.2% from 229.3M to 221.9M over 9 years.
See the MLI income statement, the MLI chart for price history, or the MLI stock overview for the latest quote and news.
MLI key metrics FAQ
What is Mueller Industries's P/E ratio?
Mueller Industries's trailing P/E ratio is 15.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 18.2. At the end of fiscal 2025 it was 16.6, compared with a 10-year median of 14.6.
What is Mueller Industries's EV/EBITDA?
Mueller Industries's enterprise value was 10.5 times EBITDA at the end of fiscal 2025 (enterprise value $11.4 billion, EBITDA $1.1 billion); the current EV/EBITDA is 10.1.
What is Mueller Industries's return on equity?
Mueller Industries's return on equity (ROE) was 29.1% in fiscal 2025: net income of $765.2 million on average shareholders' equity of $2.6 billion.
What is Mueller Industries's ROIC?
Mueller Industries's return on invested capital was 46.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Mueller Industries have?
Mueller Industries had total debt of $46.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.02 and more cash than debt.
What is Mueller Industries's dividend yield?
Mueller Industries's forward dividend yield is 1.17%. Mueller Industries paid $109.0 million in dividends in fiscal 2025 ($0.49 per share), a payout ratio of 14.3%.
Does Mueller Industries buy back its shares?
Yes. Mueller Industries spent $243.6 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.5% over the year, to 221.9M..
What is Mueller Industries's free cash flow yield?
Mueller Industries generated $686.6 million of free cash flow in fiscal 2025, a free cash flow yield of 5.4% on its market value at year-end ($12.7 billion).
What is Mueller Industries's current ratio?
Mueller Industries's current ratio was 5.92 at the end of fiscal 2025: current assets were 5.92 times current liabilities.