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Mueller Industries MLI Piping Systems — Net Sales

Other segment segments

Industrial Metals
$355M+31.2%
Climate
$144.95M+5.4%

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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$15.12B+58.5%
Enterprise value$13.75B+60.5%
P/E17.8×+4.3×
P/S3.2×+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:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Mueller Industries’s 10-Q, filed July 22, 2026.

Filed
Jul 22, 2026, 4:17 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0000089439-26-000032
(In thousands)Piping SystemsIndustrial MetalsClimateTotal
Brass rod, forgings, wire and cable326,879326,879
OEM components, tube and assemblies11,19339,13450,327
Valves and plumbing specialties152,381152,381
Flex duct and other HVAC components105,818105,818
Other16,92616,926
$946,575$354,998$144,952$1,446,525
Intersegment sales(18,602)
Net sales$1,427,923

Item 1. – Financial Statements (Unaudited)

FAQ

What is Mueller Industries's piping systems — net sales?
Mueller Industries (MLI) reported piping systems — net sales of $946.58M in Q2 2026.
How has Mueller Industries's piping systems — net sales changed year-over-year?
Mueller Industries's piping systems — net sales increased by 27.3% year-over-year, from $743.48M to $946.58M.
What is the long-term trend for Mueller Industries's piping systems — net sales?
Over 4 years (2021 to 2025), Mueller Industries's piping systems — net sales has grown at a 1.0% compound annual growth rate (CAGR), from $2.6B to $2.71B.
What does piping systems — net sales mean?
The total revenue generated from the sale of piping, fittings, and related plumbing products within the Piping Systems business segment. This figure represents the gross inflow of economic benefits from primary operations before the deduction of manufacturing or operating costs.

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