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Mueller Industries MLI Industrial Metals — 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
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
Balance at December 27, 2025:
Goodwill173,037154,99121,652349,680

ITEM 16. Form 10-K Summary

FAQ

What is Mueller Industries's industrial metals — goodwill, net?
Mueller Industries (MLI) reported industrial metals — goodwill, net of $146.14M in Q4 2025.
How has Mueller Industries's industrial metals — goodwill, net changed year-over-year?
Mueller Industries's industrial metals — goodwill, net decreased by 0.0% year-over-year, from $146.14M to $146.14M.
What does industrial metals — goodwill, net mean?
This represents the current carrying value of goodwill for the Industrial Metals segment after accounting for all accumulated impairment losses. It reflects the remaining intangible value attributed to acquisitions that has not yet been written off. This is a critical metric for assessing the segment's long-term asset valuation.

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