Mueller Industries (MLI) Operating Margin (2009 - 2026)
Mueller Industries (MLI) posted Operating Margin of 21.71% for Q2 2026, down 17.05% on a QoQ basis from 26.17% in Q1 2026, and down 502.0% year-over-year from 5.4% in Q2 2025.
Analysis
Mueller Industries (MLI) Operating Margin (2009 - 2026) Analysis & Trends
Mueller Industries has reported Operating Margin for 18 years, with the latest figure at 21.71% in Q2 2026.
- On a quarterly basis, Operating Margin fell 502.0% year-over-year to 21.71% in Q2 2026; TTM through Jun 2026 was 22.96%, a 110.0% increase from a year earlier, with the FY2025 full-year figure at 22.94%, up 250.0% from the prior year.
- Operating Margin was 21.71% for Q2 2026 at Mueller Industries, 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.
- Average Operating Margin over 5 years is 22.0%, with a median of 21.7% recorded in 2022.
- The sharpest annual moves came in 2022 and 2026: Operating Margin surged 975 bps in 2022, then sank 502 bps in 2026.
- Over 5 years, Operating Margin stood at 21.7% in 2022, then slipped by 15 bps to 18.47% in 2023, then slipped by 0 bps to 18.44% in 2024, then retreated by 3 bps to 17.87% in 2025, then rose by 21 bps to 21.71% in 2026.
- The last three Operating Margin figures came in at 21.71% (Q2 2026), 26.17% (Q1 2026), and 17.87% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tenaris | 30.37 Bn | 21.60 Bn | 984.66 Mn | 16.65% |
| 2 | Mueller Industries | 13.87 Bn | 12.46 Bn | 395.35 Mn | 21.71% |
| 3 | Arcosa | 7.15 Bn | 6.71 Bn | 155.70 Mn | 12.80% |
| 4 | Azz | 4.14 Bn | 4.14 Bn | 112.17 Mn | 17.17% |
| 5 | Constellium Se | 3.69 Bn | 3.53 Bn | 480.00 Mn | 13.28% |
| 6 | Lci Industries | 2.33 Bn | 2.12 Bn | 301.14 Mn | 9.91% |
| 7 | Worthington Steel | 1.72 Bn | 1.63 Bn | 118.80 Mn | -8.02% |
| 8 | Leggett & Platt | 1.26 Bn | 711.32 Mn | 203.20 Mn | 7.33% |
| 9 | Park Ohio Holdings | 647.04 Mn | 598.74 Mn | 78.90 Mn | 5.57% |
| 10 | Insteel Industries | 595.23 Mn | 572.28 Mn | 20.10 Mn | 5.86% |
Historic Data
Download Data
Historic 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% |