Mueller Industries Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Mueller Industries Inc (MLI). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Piping Systems | $1.58B 65.3% | $2.60B 68.4% · +64.2% | $2.73B 67.8% · +5.0% | $2.38B 68.8% · -12.7% | $2.51B 65.8% · +5.5% | $2.71B 64.0% · +7.7% |
| Industrial Metals | $472.2M 19.5% | $703.4M 18.5% · +49.0% | $644.7M 16.0% · -8.3% | $577.9M 16.7% · -10.4% | $818.4M 21.4% · +41.6% | $1.02B 24.2% · +25.1% |
| Climate | $370.1M 15.3% | $495.4M 13.0% · +33.8% | $650.3M 16.2% · +31.3% | $500.8M 14.5% · -23.0% | $488.4M 12.8% · -2.5% | $497.9M 11.8% · +1.9% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Piping Systems | $165.7M 10.5% | $486.3M 18.7% | – | – | – | – |
| Industrial Metals | $54.1M 11.5% | $85.5M 12.2% | – | – | – | – |
| Climate | $56.8M 15.3% | $85.5M 17.3% | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| United States | $1.77B 73.6% | $2.79B 74.1% · +58.1% | $2.97B 74.5% · +6.2% | $2.57B 75.2% · -13.3% | $2.83B 75.0% · +9.9% | $3.29B 78.6% · +16.2% |
| Canada | $293.8M 12.3% | $469.7M 12.5% · +59.9% | $410.7M 10.3% · -12.6% | $339.7M 9.9% · -17.3% | $344.6M 9.1% · +1.5% | $347.7M 8.3% · +0.9% |
| United Kingdom | $207.8M 8.7% | $330.9M 8.8% · +59.3% | $297.6M 7.5% · -10.1% | $270.1M 7.9% · -9.2% | $280.7M 7.4% · +3.9% | $283.3M 6.8% · +0.9% |
| Asia and Middle East | $58.3M 2.4% | $83.2M 2.2% · +42.8% | $217.8M 5.5% · +161.7% | $153.8M 4.5% · -29.4% | $231.1M 6.1% · +50.2% | $186.6M 4.5% · -19.2% |
| Mexico | $72.4M 3.0% | $94.0M 2.5% · +29.7% | $91.4M 2.3% · -2.8% | $84.6M 2.5% · -7.5% | $85.8M 2.3% · +1.4% | $75.5M 1.8% · -12.0% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Tube and fittings | $1.23B 50.8% | $2.06B 54.1% · +66.8% | $2.21B 55.0% · +7.6% | $1.93B 55.7% · -12.9% | $2.06B 54.0% · +7.1% | $2.22B 52.4% · +7.4% |
| Brass rod, forgings, wire and cable | – | – | – | – | $695.9M 18.2% | $886.6M 21.0% · +27.4% |
| Valves and plumbing specialties | $294.1M 12.1% | $511.8M 13.5% · +74.0% | $518.1M 12.9% · +1.2% | $455.6M 13.2% · -12.1% | $450.3M 11.8% · -1.2% | $491.8M 11.6% · +9.2% |
| Flex duct and other HVAC components | $231.6M 9.5% | $357.9M 9.4% · +54.5% | $529.3M 13.2% · +47.9% | $379.9M 11.0% · -28.2% | $369.8M 9.7% · -2.6% | $366.2M 8.7% · -1.0% |
| OEM components, tube & assemblies | $236.9M 9.8% | $218.7M 5.8% · -7.7% | $195.7M 4.9% · -10.5% | $200.8M 5.8% · +2.6% | $191.8M 5.0% · -4.5% | $209.7M 5.0% · +9.3% |
| Other | $73.5M 3.0% | $88.9M 2.3% · +21.0% | $59.2M 1.5% · -33.4% | $43.8M 1.3% · -26.1% | $49.4M 1.3% · +12.8% | $59.1M 1.4% · +19.7% |
| Brass rod and forgings | $356.5M 14.7% | $565.9M 14.9% · +58.7% | $510.9M 12.7% · -9.7% | $454.2M 13.1% · -11.1% | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 10, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.