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Mueller Industries MLI Piping Systems — Sales and marketing expense

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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:SellingAndMarketingExpense.

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
946,575354,998144,9521,446,525
Less: (1)
Manufacturing costs (2)664,137302,55494,6891,061,380
Sales and marketing expense8,4081,9754,07614,459
Distribution expense11,27052547612,271
Other segment items (3)14,4147,1573,12824,699
Segment operating income248,34642,78742,583333,716
Reconciliation of segment operating income:

Item 1. – Financial Statements (Unaudited)

FAQ

What is Mueller Industries's piping systems — sales and marketing expense?
Mueller Industries (MLI) reported piping systems — sales and marketing expense of $8.41M in Q2 2026.
How has Mueller Industries's piping systems — sales and marketing expense changed year-over-year?
Mueller Industries's piping systems — sales and marketing expense increased by 4.4% year-over-year, from $8.05M to $8.41M.
What is the long-term trend for Mueller Industries's piping systems — sales and marketing expense?
Over 3 years (2022 to 2025), Mueller Industries's piping systems — sales and marketing expense has grown at a 8.5% compound annual growth rate (CAGR), from $24.29M to $31.06M.
What does piping systems — sales and marketing expense mean?
The costs incurred to promote, advertise, and sell products within the Piping Systems segment. This includes salaries for sales personnel, marketing campaigns, and trade show expenses.

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