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Mueller Industries MLI Climate — Goodwill, net

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Other financials

Income statement

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Revenue$1.4B+25.5%
Gross profit$395.3M+12.0%
Operating income$310.0M+1.9%
Net income$249.7M+1.5%
EPS (diluted)$1.13+1.8%

Balance sheet

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Cash & equivalents$1.4B+38.1%
Total debt$24.7M-20.2%
Total equity$3.5B+21.6%
Total assets$4.3B+22.1%

Cash flow

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Operating cash flow$212.3M+11.4%
CapEx$21.6M+52.9%
Free cash flow$190.7M+8.0%

Valuation

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Market cap$15.32B+58.5%
Enterprise value$13.95B+60.5%
P/E18×+4.4×
P/S3.3×+0.9×

Profitability

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Gross margin28.8%+0.3pp
Operating margin23%+1.1pp
Net margin18.2%+0.8pp
FCF margin14.3%-0.2pp

Returns & leverage

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Return on equity26.3%+0.3pp
Debt / equity0.0×
Current ratio4.8×-0.1×

Where this comes from

Reported directly by Mueller Industries in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: Mueller Industries’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 4:44 PM EST
Fiscal year
FY2025
Accession
0000089439-26-000008
(In thousands)Piping SystemsIndustrial MetalsClimateTotal
Goodwill$172,806$8,854$21,652$203,312
Accumulated impairment charges(40,552)(8,853)(2,087)(51,492)
Balance at December 30, 2023:132,254119,565151,820
Additions (1)15,107146,137161,244
Currency translation(1,899)(1,899)
Balance at December 28, 2024:145,462146,13819,565311,165
Reductions (2)(14,449)(14,449)
Currency translation1,4721,472

ITEM 16. Form 10-K Summary

FAQ

What is Mueller Industries's climate — goodwill, net?
Mueller Industries (MLI) reported climate — goodwill, net of $19.57M in Q4 2025.
How has Mueller Industries's climate — goodwill, net changed year-over-year?
Mueller Industries's climate — goodwill, net decreased by 0.0% year-over-year, from $19.57M to $19.57M.
What does climate — goodwill, net mean?
The current carrying value of goodwill for the climate segment, calculated as the gross goodwill minus any accumulated impairment losses. This represents the remaining intangible value of past acquisitions currently recognized on the balance sheet.

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