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Mueller Industries MLI Piping Systems — Segment assets

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$1.39B+33.1%
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$968.88M+12.1%
Climate
$275.05M+1.8%

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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:Assets.

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 MetalsClimateCorporate and UnallocatedTotal
Depreciation and amortization (4)$6,348$8,183$1,749$1,055$17,335
Loss on disposal of assets, net65122187
Expenditures for long-lived assets (including those resulting from business acquisitions)27,81711,2512,70841,776
Segment assets1,638,676968,876275,0461,374,6704,257,268
(4) The amount of depreciation and amortization disclosed by reportable segment is included within the other segment expense captions, such as manufacturing costs or other segment items.

Item 1. – Financial Statements (Unaudited)

FAQ

What is Mueller Industries's piping systems — segment assets?
Mueller Industries (MLI) reported piping systems — segment assets of $1.64B in Q2 2026.
How has Mueller Industries's piping systems — segment assets changed year-over-year?
Mueller Industries's piping systems — segment assets increased by 25.9% year-over-year, from $1.3B to $1.64B.
What is the long-term trend for Mueller Industries's piping systems — segment assets?
Over 3 years (2022 to 2025), Mueller Industries's piping systems — segment assets has grown at a 1.4% compound annual growth rate (CAGR), from $4.83B to $5.04B.
What does piping systems — segment assets mean?
This represents the total book value of assets directly identifiable with the Piping Systems segment. It includes inventory, property, plant, equipment, and intangible assets used to generate segment revenue. Monitoring this helps investors understand the capital intensity required to support the segment's operations.

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