Mueller Industries annual operating margin
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Mueller Industries Operating Margin Growth & History (MLI)
Mueller Industries's operating margin was 22.94% for fiscal 2025.
View full Mueller Industries company overviewMueller Industries annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-27 | 22.94% | +2.50 pp |
| 2024 | 2024-12-28 | 20.44% | −1.66 pp |
| 2023 | 2023-12-30 | 22.10% | +0.08 pp |
| 2022 | 2022-12-31 | 22.03% | +4.63 pp |
| 2021 | 2021-12-25 | 17.40% | +7.15 pp |
| 2020 | 2020-12-26 | 10.25% | +2.38 pp |
| 2019 | 2019-12-28 | 7.87% | +0.98 pp |
| 2018 | 2018-12-29 | 6.90% | +0.24 pp |
| 2017 | 2017-12-30 | 6.65% | −0.86 pp |
| 2016 | 2016-12-31 | 7.51% | +0.97 pp |
| 2015 | 2015-12-26 | 6.54% | +0.02 pp |
| 2014 | 2014-12-27 | 6.51% | −6.04 pp |
| 2013 | 2013-12-28 | 12.55% | +6.77 pp |
| 2012 | 2012-12-29 | 5.79% | +0.00 pp |
| 2011 | 2011-12-31 | 5.78% | −0.83 pp |
| 2010 | 2010-12-25 | 6.61% | +4.53 pp |
| 2009 | 2009-12-26 | 2.08% | −2.85 pp |
| 2008 | 2008-12-27 | 4.93% | — |
Mueller Industries quarterly operating margin
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-27 | 21.71% | −5.02 pp |
| Q1 2026 | 2026-03-28 | 26.17% | +5.55 pp |
| Q4 2025 | 2025-12-27 | 17.87% | −0.56 pp |
| Q3 2025 | 2025-09-27 | 25.62% | +4.90 pp |
| Q2 2025 | 2025-06-28 | 26.72% | +5.68 pp |
| Q1 2025 | 2025-03-29 | 20.62% | −0.97 pp |
| Q4 2024 | 2024-12-28 | 18.44% | −0.03 pp |
| Q3 2024 | 2024-09-28 | 20.71% | −1.37 pp |
| Q2 2024 | 2024-06-29 | 21.05% | −2.44 pp |
| Q1 2024 | 2024-03-30 | 21.59% | −2.00 pp |
| Q4 2023 | 2023-12-30 | 18.47% | −3.23 pp |
| Q3 2023 | 2023-09-30 | 22.08% | +0.37 pp |
| Q2 2023 | 2023-07-01 | 23.49% | +0.11 pp |
| Q1 2023 | 2023-04-01 | 23.59% | +2.53 pp |
| Q4 2022 | 2022-12-31 | 21.70% | +3.70 pp |
| Q3 2022 | 2022-09-24 | 21.71% | −2.04 pp |
| Q2 2022 | 2022-06-25 | 23.38% | +7.79 pp |
| Q1 2022 | 2022-03-26 | 21.06% | +9.75 pp |
| Q4 2021 | 2021-12-25 | 18.00% | +8.38 pp |
| Q3 2021 | 2021-09-25 | 23.76% | +12.57 pp |
| Q2 2021 | 2021-06-26 | 15.59% | +5.13 pp |
| Q1 2021 | 2021-03-27 | 11.31% | +1.47 pp |
| Q4 2020 | 2020-12-26 | 9.62% | +1.44 pp |
| Q3 2020 | 2020-09-26 | 11.18% | +3.58 pp |
| Q2 2020 | 2020-06-27 | 10.46% | +2.72 pp |
| Q1 2020 | 2020-03-28 | 9.84% | +1.80 pp |
| Q4 2019 | 2019-12-28 | 8.17% | +1.03 pp |
| Q3 2019 | 2019-09-28 | 7.60% | +2.39 pp |
| Q2 2019 | 2019-06-29 | 7.73% | −0.10 pp |
| Q1 2019 | 2019-03-30 | 8.04% | +0.63 pp |
| Q4 2018 | 2018-12-29 | 7.15% | +3.12 pp |
| Q3 2018 | 2018-09-29 | 5.21% | −1.60 pp |
| Q2 2018 | 2018-06-30 | 7.83% | +0.23 pp |
| Q1 2018 | 2018-03-31 | 7.41% | −0.48 pp |
| Q4 2017 | 2017-12-30 | 4.02% | −2.54 pp |
| Q3 2017 | 2017-09-30 | 6.81% | −0.59 pp |
| Q2 2017 | 2017-07-01 | 7.60% | −0.57 pp |
| Q1 2017 | 2017-04-01 | 7.88% | +0.10 pp |
| Q4 2016 | 2016-12-31 | 6.57% | +2.55 pp |
| Q3 2016 | 2016-10-01 | 7.40% | +2.35 pp |
| Q2 2016 | 2016-07-02 | 8.17% | −1.83 pp |
| Q1 2016 | 2016-04-02 | 7.78% | +1.13 pp |
| Q4 2015 | 2015-12-26 | 4.02% | −1.52 pp |
| Q3 2015 | 2015-09-26 | 5.05% | −1.21 pp |
| Q2 2015 | 2015-06-27 | 10.00% | +2.58 pp |
| Q1 2015 | 2015-03-28 | 6.65% | −0.02 pp |
| Q4 2014 | 2014-12-27 | 5.54% | +1.02 pp |
| Q3 2014 | 2014-09-27 | 6.26% | −6.45 pp |
| Q2 2014 | 2014-06-28 | 7.42% | −17.37 pp |
| Q1 2014 | 2014-03-29 | 6.67% | −0.00 pp |
| Q4 2013 | 2013-12-28 | 4.52% | −0.55 pp |
| Q3 2013 | 2013-09-28 | 12.71% | +7.95 pp |
| Q2 2013 | 2013-06-29 | 24.79% | +19.77 pp |
| Q1 2013 | 2013-03-30 | 6.67% | −1.44 pp |
| Q4 2012 | 2012-12-29 | 5.07% | +0.76 pp |
| Q3 2012 | 2012-09-29 | 4.76% | +1.54 pp |
| Q2 2012 | 2012-06-30 | 5.02% | −0.57 pp |
| Q1 2012 | 2012-03-31 | 8.11% | −1.08 pp |
| Q4 2011 | 2011-12-31 | 4.30% | −1.24 pp |
| Q3 2011 | 2011-10-01 | 3.22% | −2.87 pp |
| Q2 2011 | 2011-07-02 | 5.60% | +0.24 pp |
| Q1 2011 | 2011-04-02 | 9.20% | −0.50 pp |
| Q4 2010 | 2010-12-25 | 5.55% | — |
| Q3 2010 | 2010-09-25 | 6.09% | −0.54 pp |
| Q2 2010 | 2010-06-26 | 5.36% | +1.62 pp |
| Q1 2010 | 2010-03-27 | 9.70% | — |
| Q3 2009 | 2009-09-26 | 6.62% | — |
| Q2 2009 | 2009-06-27 | 3.75% | — |
Mueller Industries operating margin trends
Over the last five fiscal years, Mueller Industries's operating margin increased from 10.25% to 22.94%, a change of +12.69 percentage points. The latest reported quarter, Q2 2026, shows 21.71%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Mueller Industries source filings ↗