MLI
Mueller Industries, Inc.

Mueller Industries, Inc.MLI

Industrials · Metal Fabrication
59.90USD
-0.05%
Sep 23, 2026
MLI overview ready
Supplier of copper tubes, fittings, valves, and heat exchangers for HVAC&R systems
MLI is a diversified copper, brass, aluminum, and HVAC&R component manufacturer.
Narrative is still early
Exposed to the HVAC&R Equipment Replacement, Efficiency and Refrigerant Transition narrative through HVAC&R Refrigerant-System Components and Fluid Conveyance —…
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably….
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Volatility in raw material prices.
Market Sep 22Filing Jun 27Price action Sep 22Research Sep 3

Conviction Level

NarrativeHeat6.1ThemeHeat5.5PriceAction3.4Valuation3.5CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$13.2B
Avg Volume (60D)
1.5M
60 sessions
Revenue Growth YoY
+10.9%
FY2025 vs FY2024
Gross Margin
+22.4%
Trailing twelve months
Operating Margin
+23.0%
Trailing twelve months
Free Cash Flow Yield
+5.0%
Distance from 200DMA
-3.2%
Next Earnings
2026-10-20
P/E
15.6x
EV / EBITDA
10.4x
EV / Sales
2.5x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 27, 2026
Filed balance-sheet data as of Jun 27, 2026

Fundamentals & Valuation

Both valuation perspectives agree this company is cheap. The published stance is held at fair because share count compounding at 41% a year — dilution is taxing holders.
Mueller Industries, Inc. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
MLI is a diversified copper, brass, aluminum, and HVAC&R component manufacturer.
Opportunity
Moderate opportunity
Replacement, new-installation, efficiency, and refrigerant-transition activity requiring tubing, fittings, valves, heat-exchange components, and installation systems for air conditioning, heat pumps, and refrigeration.
Key risk
Volatility in raw material prices.

Narrative & Theme

HVAC&R Equipment Replacement, Efficiency and Refrigerant Transition
Part of HVAC&R Refrigerant-System Components and Fluid Conveyance, with limited fit.
MLI has genuine HVAC&R component exposure, and the refrigerant-system replacement and transition cycle is a real multi-company demand system.
Narrative HeatNeutral6.1 / 10
Theme HeatNeutral5.5 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Industrials · Metal Fabrication
What they do

Mueller Industries, Inc. manufactures and sells copper, brass, and aluminum products through three segments: Piping Systems, Industrial Metals, and Climate, operating across multiple international markets.

How it earns

The company generates revenue primarily through transactional sales of metal products and related components to wholesalers and distributors.

Products & services
Copper tubes
Brass fittings
Aluminum products
Steel pipe resales
Plumbing valves
Line sets
Pipe nipples
Customers & end markets
Wholesalers in plumbing and refrigeration markets
Distributors to manufactured housing and recreational vehicle markets
Market position

Established player with diversified product offerings in metal fabrication serving multiple end markets.

Demand drivers
Medium cyclicality

Demand is influenced by construction and manufacturing cycles which can fluctuate with economic conditions.