MLI
Mueller Industries, Inc.Industrials·Manufacturing - Metal Fabrication
$128.60
$14.2B market cap
Revenue
$2.2B
Free Cash Flow
$183.9M
Rev Growth
+0.0%
FCF Margin
8.5%
P/FCF
77.3x
EV/FCF
69.8x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, South Korea, the Middle East, China, and Mexico. It operates through three segments: Piping Systems, Industrial Metals, and Climate. The Piping Systems segment offers copper tubes, fittings, line sets, and pipe nipples; PEX plumbing and radiant systems; and plumbing-related fittings and plastic injection tooling. It also resells steel pipes, brass and pl
2-Year Price History
$133.39+131.8%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 1,193 | 328.9 | 312.2 | 239.0 | 79.7 | 62.5 | -17.2 | 1,403 | 14.9 | 110.9 | 56.3% | -- | -- |
| Act | 2025-Q4 | 962.4 | 215.2 | 135.5 | 153.7 | 141.2 | 121.4 | -19.8 | 1,390 | 46.5 | 110.9 | 43.3% | 3586.9x | -- |
Valuation & Metrics
Market Stats
Price$128.60
Market Cap$14.2B
Enterprise Value$12.8B
P/S Ratio6.6x
P/FCF77.3x
EV/FCF69.8x
FCF Margin (TTM)8.5%
FCF Yield1.3%
Dividend Yield (TTM)1.1%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$2.2B
Net Income$392.7M
Free Cash Flow$183.9M
Revenue Growth (YoY)+0.0%
EBITDA Margin25.2%
Net Margin18.2%
FCF Margin8.5%
CapEx % of Revenue1.7%
SBC % of Revenue0.3%
ROIC49.8%
WC Change % Rev-7.7%
Interest Coverage9068.3x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares2.1M
Days to Cover2.3
Change (vs Prior)+8.2%
Need at least 2 settlement dates for chart
Employees
Headcount5,168
Revenue / Employee$417,065
Gross Profit / Employee$106,374
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
49.9%(+16.4% YoY)
697 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
24.0%(+4.6% YoY)
12 filers
Vanguard, iShares, SPDR
Market makers
0.3%(+0.1% YoY)
7 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $1.29B | $75.42 | −$4.3M | −$308M | -0.2% | $5.69T |
| FIRST TRUST ADVISORS LP | $620M | $49.48 | +$3.7M | −$143M | +0.0% | $139.72B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $551M | $110.80 | +$551M | +$551M | — | $4.04T |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $545M | $110.80 | +$545M | +$545M | — | $1.91T |
| AQR CAPITAL MANAGEMENT LLC | $536M | $101.13 | +$91.2M | +$471M | -0.2% | $218.19B |
| STATE STREET CORPPassive | $388M | $49.86 | +$15.8M | −$97.5M | -0.2% | $2.89T |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $331M | $67.86 | +$38.3M | +$23.0M | +2.3% | $1.61T |
| GOLDMAN SACHS GROUP INC | $250M | $81.40 | −$29.8M | +$130M | -0.2% | $760.93B |
| DIMENSIONAL FUND ADVISORS LPPassive | $242M | $44.82 | −$74.1M | −$93.2M | -0.4% | $480.92B |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $234M | $81.97 | +$36.5M | −$27.3M | -0.4% | $30.11B |
| Allspring Global Investments Holdings, LLC | $230M | $49.84 | −$42.3M | −$18.6M | -0.7% | $59.61B |
| Invesco Ltd. | $222M | $74.70 | +$57.9M | −$87.9M | -0.2% | $652.04B |
| FMR LLC | $200M | $75.56 | +$70.2M | −$20.9M | -0.0% | $1.89T |
| Pictet Asset Management Holding SA | $186M | $111.62 | +$107M | +$184M | -1.1% | $94.52B |
| GAMCO INVESTORS, INC. ET AL | $181M | $45.88 | −$25.5M | −$114M | -0.1% | $10.15B |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $169M | $81.45 | −$4.0M | +$60.1M | +0.1% | $184.72B |
| PRICE T ROWE ASSOCIATES INC /MD/ | $165M | $94.35 | +$58.8M | +$130M | -0.2% | $864.93B |
| LSV ASSET MANAGEMENT | $162M | $54.80 | −$12.0M | −$50.6M | -0.0% | $46.40B |
| MORGAN STANLEY | $142M | $59.23 | −$41.8M | −$7.3M | -0.3% | $1.65T |
| GABELLI FUNDS LLC | $136M | $45.88 | −$13.2M | −$44.7M | -0.3% | $14.68B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.08%
avg per quarter
Holders (ex-self)
-0.09%
excl. this stock
Buyers (this Q)
-0.25%
304 buyers · $1.98B in
Sellers (this Q)
-0.09%
243 sellers · $1.09B out
alpha coverage: 89% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-1.2%
how holders react when this stock falls
On quiet Qs
-4.9%
−10% to +10% baseline
On rallies (+10%+)
-8.7%
how they react when this stock rises
Holders' portfolio flow this Q
+2.3%
inflows — adds are organic
Sellers' portfolio flow this Q
+0.7%
Sellers' overall flow ~ flat.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-3.1%
Holder mid (any stock)
-1.8%
Holder rally (any stock)
-4.0%
Biggest decreases this quarter
DIMENSIONAL FUND ADVISORS LP−$74.1Mα-0.4AMERICAN CENTURY COMPANIES INC−$43.1Mα+0.7Allspring Global Investments Holdings, LLC−$42.3Mα-0.7MORGAN STANLEY−$41.8Mα-0.3NATIXISexited−$32.5MGOLDMAN SACHS GROUP INC−$29.8Mα-0.2GAMCO INVESTORS, INC. ET AL−$25.5Mα-0.1FIL Ltdexited−$19.0MMUFG Securities EMEA plcexited−$15.3MGABELLI FUNDS LLC−$13.2Mα-0.3
New buyers this quarter
Top-5 holders · 32.3%
BlackRock, Inc.--
FIRST TRUST ADVISORS LP--
VANGUARD CAPITAL MANAGEMENT LLC--
VANGUARD PORTFOLIO MANAGEMENT LLC--
AQR CAPITAL MANAGEMENT LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
FIRST TRUST ADVISORS LP5.6MAQR CAPITAL MANAGEMENT LLC4.9MGOLDMAN SACHS GROUP INC2.3MAllspring Global Investments Holdings, LLC2.0MWILLIAM BLAIR INVESTMENT MANAGEMENT, LLC2.1MGAMCO INVESTORS, INC. ET AL1.6MInvesco Ltd.2.0MLSV ASSET MANAGEMENT1.5MFMR LLC1.8MPacer Advisors, Inc.—
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Analyst Coverage
Analyst Coverage
Analyst Ratings
1
5
Buy: 1Hold: 5Consensus: Hold
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$59.88M
12 txns · 5 insiders · 551,544 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-04-27 | SELL | Christopher Gregory L. | director, officer: Chairman of the Board & CEO | 103,266 | $137.29 | $14.18M | $110.51M |
| 2026-02-13 | SELL | GOLDMAN SCOTT JAY | director | 4,430 | $118.97 | $527K | $4.95M |
| 2026-02-09 | SELL | HANSEN JOHN B | director | 1,000 | $116.71 | $117K | $10.58M |
| 2025-11-25 | SELL | GOLDMAN SCOTT JAY | director | 4,234 | $108.64 | $460K | $4.54M |
| 2025-10-27 | SELL | Christopher Gregory L. | director, officer: Chairman of the Board & CEO | 50,000 | $103.42 | $5.17M | $110.58M |
| 2025-10-24 | SELL | Christopher Gregory L. | director, officer: Chairman of the Board & CEO | 142,000 | $103.70 | $14.72M | $7.05M |
| 2025-10-23 | SELL | Christopher Gregory L. | director, officer: Chairman of the Board & CEO | 158,000 | $104.32 | $16.48M | $116.76M |
| 2025-10-23 | SELL | HANSEN JOHN B | director | 1,000 | $105.71 | $106K | $9.69M |
| 2025-08-29 | SELL | Martin Jeffrey Andrew | officer: EVP, CFO & Treasurer | 66,029 | $95.61 | $6.31M | $29.19M |
| 2025-08-12 | SELL | HANSEN JOHN B | director | 2,000 | $91.96 | $184K | $1.38M |
| 2025-07-02 | SELL | Sigloch Steffen | officer: Chief Manufacturing Officer | 17,831 | $82.62 | $1.47M | $9.95M |
| 2025-07-01 | SELL | Sigloch Steffen | officer: Chief Manufacturing Officer | 1,754 | $82.50 | $145K | $11.40M |
Order Flow (FINRA, ~3w lag)
11.3%retail-2.1pp
28.0%dark+3.3pp
week of 2026-04-27
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
MUELLER INDUSTRIES, INC.: Cash-Rich Fortress Shielding Legacy Environmental Rot
Overall Risk
3/10
Fraud
2/10
Dilution
1/10
Insolvency
1/10
Earnings Overstated
4/10
Hidden Liabilities
6/10
Legal
5/10
Audit Warnings
2/10
Hidden Upside
7/10
Contextually Acceptable
8/10