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Mueller Industries MLI Piping Systems — Goodwill, Impaired, Accumulated Impairment Loss

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$2.09M0.0%

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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:GoodwillImpairedAccumulatedImpairmentLoss.

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 piping systems — goodwill, impaired, accumulated impairment loss?
Mueller Industries (MLI) reported piping systems — goodwill, impaired, accumulated impairment loss of $40.55M in Q4 2025.
How has Mueller Industries's piping systems — goodwill, impaired, accumulated impairment loss changed year-over-year?
Mueller Industries's piping systems — goodwill, impaired, accumulated impairment loss decreased by 0.0% year-over-year, from $40.55M to $40.55M.
What does piping systems — goodwill, impaired, accumulated impairment loss mean?
This represents the cumulative reduction in the value of goodwill associated with the Piping Systems segment due to impairment testing. It indicates that the fair value of acquired businesses has fallen below their carrying value on the balance sheet. Frequent or large impairments suggest past overpayment for acquisitions or deteriorating segment performance.

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