Mueller Industries (Mueller Industries) Gross Margin %

: 26.76% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Mueller Industries's Gross Profit for the three months ended in Dec. 2023 was $196 Mil. Mueller Industries's Revenue for the three months ended in Dec. 2023 was $732 Mil. Therefore, Mueller Industries's Gross Margin % for the quarter that ended in Dec. 2023 was 26.76%.

The historical rank and industry rank for Mueller Industries's Gross Margin % or its related term are showing as below:

MLI' s Gross Margin % Range Over the Past 10 Years
Min: 13.56 Med: 16.21 Max: 28.85
Current: 28.85

During the past 13 years, the highest Gross Margin % of Mueller Industries was 28.85%. The lowest was 13.56%. And the median was 16.21%.

MLI's Gross Margin % is ranked better than
56.93% of 2935 companies
in the Industrial Products industry
Industry Median: 26.44 vs MLI: 28.85

Mueller Industries had a gross margin of 26.76% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Mueller Industries was 16.60% per year.

Mueller Industries Gross Margin % Historical Data

The historical data trend for Mueller Industries's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mueller Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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16.25

18.01

22.03

28.06

28.85

Mueller Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															29.26	30.11	28.73	29.37	26.76

Competitive Comparison

For the Metal Fabrication subindustry, Mueller Industries's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mueller Industries Gross Margin % Distribution

For the Industrial Products industry and Industrials sector, Mueller Industries's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Mueller Industries's Gross Margin % falls into.

Mueller Industries Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Mueller Industries's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	986.8	/	3420.345
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3420.345 - 2433.511)	/	3420.345
	=	28.85 %

Mueller Industries's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	196	/	732.377
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(732.377 - 536.383)	/	732.377
	=	26.76 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Mueller Industries (NYSE:MLI) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Mueller Industries had a gross margin of 26.76% for the quarter that ended in Dec. 2023 => Competition eroding margins

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Mueller Industries Gross Margin % Related Terms

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Mueller Industries (Mueller Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mueller Industries Inc (NYSE:MLI) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

MUD:Germany

Address

150 Schilling Boulevard, Suite 100, Collierville, TN, USA, 38017

Website

https://www.muellerindustries.com

Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning most of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms worldwide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Numerous systems use the aforementioned products, including HVAC, water distribution, refrigeration, and automotive. Most sales derive from the United States, but the company operates worldwide.

Executives

Steffen Sigloch	officer: VP, Mfg and Engineering	8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
John B Hansen	officer: President, Mfg Operations	8285 TOURNAMENT DRIVE SUITE 150, MEMPHIS TN 38125
Gregory L. Christopher	officer: President - Standard Products	8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Scott Jay Goldman	director	8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Herzog Charles P Jr	director	9581 FOX HILL CIRCLE SOUTH, GERMANTOWN TN 38139
William C. Drummond	director	1395 BRICKELL AVENUE, MIAMI FL 33131
Gary S Gladstein	director	SOROS FUND MANAGEMENT LLC, 888 SEVENTH AVE 3300, NEW YORK NY 10106
Anthony Steinriede	officer: VP - Corporate Controller	8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Gary Westermeyer	officer: President, Refrigeration	8285 TOURNAMENT DRIVE, SUITE 150, MEMPHIS TN 38125
Gennaro J Fulvio	director
Kristee Michelle Ford	officer: Chief Information Officer	581 ROCKY JOE DRIVE, COLLIERVILLE TN 38017
Paul J Flaherty	director	C/O MUELLER INDUSTRIES INC., 8285 TOURNAMENT DRIVE SUITE 150, MEMPHIS TN 38125
Devin Malone	officer: President, Streamline	2321 WICKERSHAM CV, GERMANTOWN TN 38139
Christopher Andrew Mitchell	officer: President, Canadian Operations	198 PIONEER TOWER ROAD, KITCHENER A6 N2P 2H8
Elizabeth M Donovan	director	400 E OHIO STREET, CHICAGO IL 60611