Mueller Industries Inc (MLI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 602,897 | 658,316 | 468,520 | 139,493 | 100,972 |
| Revenue | US$ in thousands | 3,426,400 | 3,989,020 | 3,813,890 | 2,366,520 | 2,406,100 |
| Net profit margin | 17.60% | 16.50% | 12.28% | 5.89% | 4.20% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $602,897K ÷ $3,426,400K
= 17.60%
Mueller Industries Inc has shown a consistent improvement in its net profit margin over the past five years. The net profit margin has increased from 4.20% in 2019 to 17.60% in 2023. This indicates that the company has been able to effectively manage its expenses and generate higher profits relative to its revenues. The steady rise in net profit margin suggests improved operational efficiency and potentially successful strategic decisions by the management. Mueller Industries Inc's ability to maintain a healthy net profit margin over the years reflects positively on its profitability and overall financial performance.
Peer comparison
Dec 31, 2023