Mueller Industries Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Mueller Industries Inc (MLI) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Mueller Industries Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 5,002M vs 50,591M combined for its competitors (9.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+13.4% annualized vs trailing 12 months), vs accelerating (+14.2%) for its tracked peer group.
- Growth: Mueller Industries Inc generated 31.6% revenue growth year over year in Q3 2026, vs 33.9% for its competitors combined.
- Profitability: Its 15.6% net margin compares with 9.8% for the peer group.
- Scale: Mueller Industries Inc ranks #8 of 57 companies by market capitalization in the Miscellaneous Fabricated Products industry, holding 2.4% of industry market cap.
- Peer revenue share: Mueller Industries Inc accounted for 9.0% of combined revenue among its tracked peer group, down from 9.1% a year earlier.
- Peer differentiation: Revenue per employee of $1.04M compares with $0.86M for the peer group (1.2x).
- Structure: Mueller Industries Inc operates in the following segments: Piping Systems, Industrial Metals, Climate.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MLI Sales vs. its Competitors, Q3 2026
Mueller Industries Inc reported revenue growth of 31.62 % year on year in Q3 2026, below its competitors' combined revenue growth of 33.86 %.
With a net margin of 15.59 %, Mueller Industries Inc achieved higher profitability than its competitors (9.77 %).
Mueller Industries Inc generated 8.95 % of the combined sales of its peer group, down from 9.08 % a year earlier.
Mueller Industries Inc vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Mueller Industries Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Mueller Industries Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Mueller Industries Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (7) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Mueller Industries Inc's competitor groups requires a Commercial License.
For context: the Miscellaneous Fabricated Products industry grew revenue 18.3% year over year, combined, vs 31.6% for Mueller Industries Inc. Mueller Industries Inc's share of combined industry revenue moved from 1.73% to 1.92%, a gain of 0.19 percentage points.
Mueller Industries Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Mueller Industries Inc | Yes | Yes | Yes | No |
| Competitors combined (25) | ||||
| High-Confidence Competitors (1) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
MLI Stock Performance relative to its Competitors
MLI Stock Performance relative to High-Confidence Competitors
MLI Stock Performance relative to Similar-Size Competitors
MLI Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Materion Corporation | 282.9% | Outperformed |
| 2 | Nucor Corporation | 282.9% | Outperformed |
| 3 | Ati Inc | 282.9% | Outperformed |
| 4 | Viavi Solutions Inc | 282.9% | Outperformed |
| 5 | Steel Dynamics Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Mueller Industries Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Mueller Industries Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Mueller Industries Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Mueller Industries Inc |
12,152.66 | 5,001.91 |
 Nucor Corporation |
61,567.04 | 36,101.00 |
 Steel Dynamics Inc |
35,569.67 | 22,219.88 |
 Ati Inc |
24,441.44 | 5,013.40 |
 Carpenter Technology Corporation |
14,744.75 | 3,188.70 |
 United States Steel Corp |
12,374.37 | 15,207.00 |
| SUBTOTAL | 206,689.30 | 147,780.74 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Mueller Industries Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Mueller Industries Inc's Competitors Named by the Company
Competitive relationships identified from Mueller Industries Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Geospace Technologies Corp | Company report | 85% |
| Industrias Unidas S.A. de C.V. | Company report | 85% |
| Cerro Flow Products LLC | Company report | 85% |
| NIBCO, Inc. | Company report | 85% |
| Cambridge-Lee Industries LLC | Company report | 85% |
| Aalberts Industries N.V. | Company report | 85% |
| Elkhart Products Company | Company report | 85% |
| Novelis Inc | Company report | 85% |
| Kaiser Aluminum Corporation | Company report | 85% |
| Ascent Industries Co | Company report | 85% |
| Carpenter Technology Corporation | Company report | 85% |
| Real Industry, Inc. | Company report | 85% |
| Haynes International inc | Company report | 85% |
| Worthington Enterprises Inc | Company report | 85% |
| Insteel Industries Inc | Company report | 85% |
| Ryerson Holding Corporation | Company report | 85% |
| Dmc Global Inc | Company report | 85% |
| Metallus Inc | Company report | 85% |
| Arconic Corporation | Company report | 85% |
| Liquidmetal Technologies Inc | Company report | 85% |
| Solitario Resources Corp | Company report | 85% |
| Azz Inc | Company report | 85% |
| Valmont Industries Inc | Company report | 85% |
| Century Aluminum Company | Company report | 85% |
| Universal Stainless and Alloy Products Inc | Company report | 85% |
| Olympic Steel Inc | Company report | 85% |
| Ati Inc | Company report | 85% |
| Materion Corporation | Company report | 85% |
Company report basis, confidence, active dates and source counts for Mueller Industries Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Mueller Industries Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Mueller Industries Inc | Piping Systems 62.78 % |
| Nucor Corporation | Steel mills 63.56 % |
| Ati Inc | Advanced Alloys & Solutions 57.63 % |
| Carpenter Technology Corporation | Specialty Alloys Operations 91.51 % |
| United States Steel Corp | Flat Rolled Products 60.10 % |
| Valmont Industries Inc | Infrastructure 79.91 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Mueller Industries Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Mueller Industries Inc | 12,153 | 1,035,164 | 179,598 |
| Nucor Corporation | 61,567 | 1,093,970 | 98,667 |
| Steel Dynamics Inc | 35,570 | 1,543,047 | 135,514 |
| Ati Inc | 24,441 | 659,658 | 74,355 |
| Carpenter Technology Corporation | 14,745 | 708,600 | 126,622 |
| United States Steel Corp | 12,374 | 633,625 | 4,042 |
| PEERS TOTAL | 194,537 | 861,328 | 52,593 |
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Mueller Industries Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Steel Dynamics Inc | US 93.87 % |
| Ati Inc | United States 65.75 % |
| Carpenter Technology Corporation | United States 58.21 % |
| Valmont Industries Inc | North America 76.68 % |
| Viavi Solutions Inc | United States 37.92 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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Mueller Industries Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 54 companies in Mueller Industries Inc's industry classification, broader than the peer set above. Market cap in millions of $.Mueller Industries Inc ranks #8 of 54 companies by market capitalization in its industry, holding 2.43 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,235, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Parker hannifin Corporation | 121,053 | 23.98 % |
| 2 | Howmet Aerospace Inc | 89,694 | 17.77 % |
| 3 | Barrick Mining Corp | 63,244 | 12.53 % |
| 4 | Baker Hughes Company | 52,790 | 10.46 % |
| 5 | Technipfmc Plc | 1,234 | 5.2% |
| 6 | Rbc Bearings Inc | 1,234 | 5.2% |
| 7 | Generac Holdings Inc | 1,234 | 5.2% |
| 8 | Mueller Industries Inc | 12,287 | 2.43 % |
| 9 | Crane Company | 1,234 | 5.2% |
| 10 | Watts Water Technologies Inc | 1,234 | 5.2% |
Market cap and industry share for the rest of Mueller Industries Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-03.
Mueller Industries Inc's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 3 | Barrick Mining Corp | 63,244 | 14.66 % |
| 4 | Baker Hughes Company | 52,790 | 11.84 % |
| 5 | Technipfmc Plc | 26,996 | 64.86 % |
| 6 | Rbc Bearings Inc | 15,732 | 11.55 % |
| 7 | Generac Holdings Inc | 1,234 | 12.3% |
| 8 | Mueller Industries Inc | 12,287 | -47.59 % |
| 9 | Crane Company | 1,234 | 12.3% |
| 10 | Watts Water Technologies Inc | 1,234 | 12.3% |
| 11 | Valmont Industries Inc | 1,234 | 12.3% |
| 12 | Timken Co | 1,234 | 12.3% |
| 13 | Nov Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Mueller Industries Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-03. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Mueller Industries Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Miscellaneous Fabricated Products industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (73 companies). See the full Miscellaneous Fabricated Products industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 19.35 % | 12.65 % (avg) | +6.7 pp |
| Operating Margin | 21.51 % | industry median | +9.2 pp |
| EBITDA Margin | 23.98 % | 5.68 % (avg) | +18.3 pp |
| Capital Intensity (Capex / Revenue) | 1.61 % | 9.77 % (avg) | -8.2 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Mueller Industries Inc's Valuation vs Competitive Position
Valuation multiples vs the Miscellaneous Fabricated Products industry average (73 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Miscellaneous Fabricated Products industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 11.0x | 24.9x | -13.9x |
| EV / EBITDA | 10.3x | 12.9x | -2.6x |
| P/B | 4.0x | 3.6x | +0.4x |
| Return on Equity | 25.31 % | industry aggregate | 5.75 % |
| Return on Invested Capital | 15.39 % | 2.50 % (avg) | 12.89 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Mueller Industries Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 10.67 % | -3.08 % | -1.34 % | 57.18 % | -0.44 % | -18.09 % | 13.29 % | 10.87 % |
| Operating Margin | 6.90 % | 7.87 % | 10.25 % | 17.40 % | 22.66 % | 21.56 % | 20.44 % | 22.94 % |
| Return on Invested Capital | 9.87 % | 10.49 % | 12.77 % | 26.85 % | 24.65 % | 16.26 % | 14.23 % | 15.65 % |
| P/E | 13.3x | 17.4x | 14.1x | 7.0x | 5.4x | 16.1x | 30.6x | 31.3x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Mueller Industries Inc's Strategic Group Map
Mueller Industries Inc is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Mueller Industries Inc's trailing-12-month revenue growth of 20.8% and operating margin of 21.5% compares with an average of 15.9% growth and 19.4% margin across its 8 closest peers by combined growth, margin and ROIC -- Mueller Industries Inc sits above that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Mueller Industries Inc's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Mueller Industries Inc falls in the Dog quadrant: relative market share of 0.10x vs its largest competitor, in an industry growing revenue 5.3% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Mueller Industries Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,235 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 1.61 % vs industry average 9.77 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Mueller Industries Inc's dedicated Suppliers and Customers pages, not here.
Mueller Industries Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Mueller Industries Inc falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Mueller Industries Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Operating margin 9.2 points above the industry median.
- Return on equity 5.8 points above the industry aggregate.
- Latest-quarter revenue run-rate is accelerating (+13.4% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.10x).
Opportunities
- Trades at a lower P/E than the industry average (11.0x vs 24.9x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Mueller Industries Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Mueller Industries Inc | 2.58 | 5.01 | 0.00 |
| Nucor Corporation | 0.52 | 2.76 | 0.31 |
| Steel Dynamics Inc | 0.31 | 3.13 | 0.46 |
| Ati Inc | 0.45 | 2.59 | 1.47 |
| Carpenter Technology Corporation | 0.59 | 3.78 | 0.33 |
| United States Steel Corp | 0.42 | 1.60 | 0.37 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Mueller Industries Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Mueller Industries Inc | Q3 2026 | +31.6 % | +5.2 % |
| Nucor Corporation | Q2 2026 | +23.0 % | +81.3 % |
| Steel Dynamics Inc | Q3 2026 | +34.8 % | +87.2 % |
| Ati Inc | Q3 2026 | +26.5 % | +67.1 % |
| Carpenter Technology Corporation | Q3 2026 | +8.8 % | +32.7 % |
| United States Steel Corp | Q1 2025 | -10.4 % | - |
| PEERS TOTAL | +21.7 % | +59.6 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Mueller Industries Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Mueller Industries Inc | Q3 2026 | +43.2 % | +20.1 % |
| Nucor Corporation | Q2 2026 | +15.6 % | -40.1 % |
| Steel Dynamics Inc | Q3 2026 | +28.4 % | -9.7 % |
| Ati Inc | Q3 2026 | +19.9 % | +48.5 % |
| Carpenter Technology Corporation | Q3 2026 | +4.8 % | +82.4 % |
| United States Steel Corp | Q1 2025 | -4.7 % | -43.9 % |
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Mueller Industries Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Mueller Industries Inc | 21.39% | 24.30% | 25.31% |
| Nucor Corporation | 9.14% | 9.96% | 14.49% |
| Steel Dynamics Inc | 11.46% | 12.50% | 21.19% |
| Ati Inc | 10.45% | 10.72% | 28.49% |
| Carpenter Technology Corporation | 15.45% | 16.96% | 27.25% |
| United States Steel Corp | 0.48% | 0.55% | 0.85% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Mueller Industries Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Mueller Industries Inc | 9.77 | 2.43 |
| Nucor Corporation | 21.50 | 1.71 |
| Steel Dynamics Inc | 18.32 | 1.60 |
| Ati Inc | 44.26 | 4.88 |
| Carpenter Technology Corporation | 26.03 | 4.62 |
| United States Steel Corp | 156.69 | 0.81 |
| PEERS AVERAGE | 21.56 | 1.40 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.