What is Mueller Industries's work in process?

Mueller Industries (MLI) reported work in process of $132.66M in Q1 2026.

How has Mueller Industries's work in process changed year-over-year?

Mueller Industries's work in process increased by 88.6% year-over-year, from $70.34M to $132.66M.

What is the long-term trend for Mueller Industries's work in process?

Over 5 years (2020 to 2025), Mueller Industries's work in process has grown at a 20.9% compound annual growth rate (CAGR), from $49.36M to $127.37M.

Mueller Industries MLI Work in process

Work in process at other companies

Watts Water Technologies, Inc.WTS

$28.1M+39.8%

Howmet AerospaceHWM

$924M-2.5%

SPX TechnologiesSPXC

——

MascoMAS

——

ITTITT

——

Crane Co.CR

——

Other financials

Income statement

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Revenue$1.2B+19.3%

Gross profit$358.4M+31.8%

Operating income$312.2M+51.4%

Net income$239.0M+51.8%

EPS (diluted)$2.16+55.4%

Balance sheet

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Cash & equivalents$1.4B+64.8%

Total debt$22.8M-30.7%

Total equity$3.3B+25.1%

Total assets$3.9B+22.0%

Cash flow

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Operating cash flow$79.7M-29.8%

CapEx$17.2M+3.9%

Free cash flow$62.5M-35.5%

Valuation

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Market cap$15.19B+45.3%

Enterprise value$13.83B+42.8%

P/E17.9×+1.2×

P/S3.5×+0.8×

Profitability

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Gross margin29.7%+2.3pp

Operating margin24.4%+4.1pp

Net margin19.4%+3.5pp

Returns & leverage

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Return on equity28.2%+3.7pp

Debt / equity0×0.0×

Current ratio5.4×+1.1×

Where this comes from

Reported directly by Mueller Industries in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: Mueller Industries’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mueller Industries's work in process?: Mueller Industries (MLI) reported work in process of $132.66M in Q1 2026.
How has Mueller Industries's work in process changed year-over-year?: Mueller Industries's work in process increased by 88.6% year-over-year, from $70.34M to $132.66M.
What is the long-term trend for Mueller Industries's work in process?: Over 5 years (2020 to 2025), Mueller Industries's work in process has grown at a 20.9% compound annual growth rate (CAGR), from $49.36M to $127.37M.