Mueller Industries Inc (MLI)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 602,897 | 622,565 | 644,398 | 673,239 | 658,316 | 645,011 | 661,449 | 563,729 | 468,520 | 379,339 | 251,061 | 170,185 | 139,493 | 131,243 | 117,634 | 117,664 | 100,972 | 99,659 | 90,858 | 96,054 |
| Revenue (ttm) | US$ in thousands | 3,424,117 | 3,569,321 | 3,690,091 | 3,943,142 | 3,992,810 | 4,071,586 | 4,163,007 | 4,018,157 | 3,811,912 | 3,531,406 | 3,109,736 | 2,599,881 | 2,382,774 | 2,250,762 | 2,238,996 | 2,403,162 | 2,410,444 | 2,425,692 | 2,465,141 | 2,462,889 |
| Net profit margin | 17.61% | 17.44% | 17.46% | 17.07% | 16.49% | 15.84% | 15.89% | 14.03% | 12.29% | 10.74% | 8.07% | 6.55% | 5.85% | 5.83% | 5.25% | 4.90% | 4.19% | 4.11% | 3.69% | 3.90% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $602,897K ÷ $3,424,117K
= 17.61%
Mueller Industries Inc's net profit margin has shown a consistent increasing trend over the quarters, indicating improving profitability. The company's ability to convert revenue into profit has been strengthening, with the net profit margin reaching 17.61% in December 2023, the highest level in the given period. This positive trend suggests effective cost management, pricing strategies, and operational efficiency within the company. The growth in net profit margin reflects the company's ability to generate more profits from each dollar of revenue, showcasing its financial strength and stability. Overall, the upward trajectory of Mueller Industries Inc's net profit margin bodes well for its financial performance and shareholder value.
Peer comparison
Dec 31, 2023