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Mueller Industries MLI Piping Systems — Distribution expense

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KMIProducts Pipelines — Costs of sales (exclusive of items shown separately below)

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×
Current ratio5.4×+1.1×

Where this comes from

Reported directly by Mueller Industries in its filing.

Tagged under the XBRL concept us-gaap:ProductionAndDistributionCosts.

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 piping systems — distribution expense?
Mueller Industries (MLI) reported piping systems — distribution expense of $11.14M in Q1 2026.
How has Mueller Industries's piping systems — distribution expense changed year-over-year?
Mueller Industries's piping systems — distribution expense decreased by 0.2% year-over-year, from $11.15M to $11.14M.
What is the long-term trend for Mueller Industries's piping systems — distribution expense?
Over 3 years (2022 to 2025), Mueller Industries's piping systems — distribution expense has grown at a 7.4% compound annual growth rate (CAGR), from $35.77M to $44.33M.
What does piping systems — distribution expense mean?
The total cost of shipping and distributing products to customers.
How do you interpret piping systems — distribution expense?
Rising costs may indicate higher fuel prices or logistical inefficiencies, while stable or declining costs suggest optimized supply chain management.
How does piping systems — distribution expense compare across companies?
Commonly tracked as part of operating expenses in logistics-heavy manufacturing industries.