Mueller Industries Inc (MLI)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,044,438 | 975,812 | 941,184 | 926,141 | 977,584 | 1,047,621 | 1,073,080 | 1,119,716 | 1,092,813 | 1,065,795 | 1,037,585 | 946,117 | 830,356 | 722,937 | 603,279 | 487,408 | 431,882 | 403,896 | 383,385 | 388,822 |
| Revenue (ttm) | US$ in thousands | 3,768,766 | 3,577,607 | 3,399,568 | 3,298,807 | 3,420,345 | 3,565,549 | 3,690,587 | 3,943,643 | 3,982,451 | 4,061,227 | 4,098,645 | 3,961,195 | 3,769,343 | 3,488,837 | 3,125,694 | 2,613,272 | 2,398,043 | 2,266,031 | 2,255,528 | 2,421,754 |
| Gross profit margin | 27.71% | 27.28% | 27.69% | 28.08% | 28.58% | 29.38% | 29.08% | 28.39% | 27.44% | 26.24% | 25.32% | 23.88% | 22.03% | 20.72% | 19.30% | 18.65% | 18.01% | 17.82% | 17.00% | 16.06% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,044,438K ÷ $3,768,766K
= 27.71%
Mueller Industries Inc has shown a steady improvement in its gross profit margin over the past few years, increasing from 16.06% as of March 31, 2020, to 27.71% as of December 31, 2024. This indicates the company's ability to efficiently manage its production costs and generate higher revenue from its sales.
The gross profit margin trend displays consistent growth with some fluctuations, reaching a peak of 29.38% on September 30, 2023. Although there was a slight decline in the gross profit margin in the subsequent quarters, the company managed to maintain a relatively high level above 27% by the end of December 31, 2024, showcasing operational resilience.
Overall, the upward trajectory of Mueller Industries Inc's gross profit margin signifies its ability to effectively control its production expenses relative to its sales revenue, reflecting positively on the company's profitability and operational efficiency.
Peer comparison
Dec 31, 2024