Mueller Industries Inc (MLI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,044,440 | 986,834 | 1,117,590 | 830,356 | 431,882 |
| Revenue | US$ in thousands | 3,768,770 | 3,420,340 | 3,982,460 | 3,769,340 | 2,398,040 |
| Gross profit margin | 27.71% | 28.85% | 28.06% | 22.03% | 18.01% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,044,440K ÷ $3,768,770K
= 27.71%
Mueller Industries Inc has shown a positive trend in its gross profit margin over the past five years. The margin has improved steadily from 18.01% as of December 31, 2020, to 27.71% as of December 31, 2024. This upward trajectory indicates the company's ability to effectively control its production costs and generate higher profits from its core operations. The peak gross profit margin of 28.85% as of December 31, 2023, suggests strong pricing power and efficient management of production expenses during that period. Overall, the improving gross profit margin trend is a positive indicator of Mueller Industries Inc's operational efficiency and profitability over the specified time frame.
Peer comparison
Dec 31, 2024