Mueller Industries (MLI) Operating Margin (2009 - 2026)
Mueller Industries (MLI) posted quarterly Operating Margin of 21.71% for Q2 2026, down 502.0% year-over-year from 5.4% in Q2 2025, and down 17.05% quarter-over-quarter from 26.17% in Q1 2026.
Mueller Industries (MLI) Operating Margin (2009 - 2026) Analysis & Trends
Mueller Industries' Operating Margin history runs 18 years deep, the most recent figure standing at 21.71% for Q2 2026.
- In Q2 2026, Operating Margin fell 502.0% year-over-year to 21.71%; the TTM figure through Jun 2026 stood at 22.96% (up 110.0% YoY), while the FY2025 annual figure was 22.94%, up 250.0% from the prior year.
- Operating Margin for Q2 2026 stood at 21.71%, down from 26.17% in the prior quarter.
- The five-year high for Operating Margin was 26.72% in Q2 2025, with the low at 17.87% in Q4 2025.
- The 5-year median for Operating Margin is 21.7% (2022), against an average of 22.0%.
- The sharpest annual moves came in 2022 and 2026: Operating Margin soared 975 bps in 2022, then sank 502 bps in 2026.
- Mueller Industries' Operating Margin stood at 21.7% in 2022, then retreated by 15 bps to 18.47% in 2023, then retreated by 0 bps to 18.44% in 2024, then declined by 3 bps to 17.87% in 2025, then grew by 21 bps to 21.71% in 2026.
- Business Quant data shows MLI's Operating Margin at 21.71% in Q2 2026, 26.17% in Q1 2026, and 17.87% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ati | 28.47 Bn | 27.69 Bn | 309.80 Mn | 17.45% |
| 2 | Carpenter Technology | 24.45 Bn | 24.05 Bn | 268.90 Mn | 24.31% |
| 3 | Mueller Industries | 13.49 Bn | 12.07 Bn | 395.35 Mn | 21.71% |
| 4 | Commercial Metals | 7.25 Bn | 6.69 Bn | 455.14 Mn | -74.07% |
| 5 | Esab | 4.82 Bn | 4.61 Bn | 307.21 Mn | 9.75% |
| 6 | Gpgi | 3.71 Bn | 3.71 Bn | - | - |
| 7 | Worthington Enterprises | 2.78 Bn | 2.75 Bn | 101.89 Mn | 6.23% |
| 8 | Proto Labs | 1.90 Bn | 1.75 Bn | 69.34 Mn | 7.61% |
| 9 | Ryerson Holding | 1.26 Bn | 1.22 Bn | 355.20 Mn | 1.71% |
| 10 | Insteel Industries | 590.85 Mn | 567.91 Mn | 20.10 Mn | 5.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 21.71% |
| Mar 28, 2026 | 26.17% |
| Dec 27, 2025 | 17.87% |
| Sep 27, 2025 | 25.62% |
| Jun 28, 2025 | 26.72% |
| Mar 29, 2025 | 20.62% |
| Dec 28, 2024 | 18.44% |
| Sep 28, 2024 | 20.71% |
| Jun 29, 2024 | 21.05% |
| Mar 30, 2024 | 21.59% |
| Dec 30, 2023 | 18.47% |
| Sep 30, 2023 | 22.08% |
| Jul 1, 2023 | 23.49% |
| Apr 1, 2023 | 23.59% |
| Dec 31, 2022 | 21.70% |
| Sep 24, 2022 | 21.71% |
| Jun 25, 2022 | 23.38% |
| Mar 26, 2022 | 21.06% |
| Dec 25, 2021 | 18.00% |
| Sep 25, 2021 | 23.76% |