Mueller Industries Inc (MLI)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 756,053 | 811,230 | 835,384 | 893,554 | 877,149 | 858,877 | 887,062 | 776,006 | 655,845 | 548,708 | 384,585 | 279,067 | 245,838 | 225,283 | 202,308 | 201,534 | 191,403 | 186,916 | 174,335 | 174,741 |
| 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 |
| Operating profit margin | 22.08% | 22.73% | 22.64% | 22.66% | 21.97% | 21.09% | 21.31% | 19.31% | 17.21% | 15.54% | 12.37% | 10.73% | 10.32% | 10.01% | 9.04% | 8.39% | 7.94% | 7.71% | 7.07% | 7.09% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $756,053K ÷ $3,424,117K
= 22.08%
Mueller Industries Inc's operating profit margin has shown a positive trend over the past few quarters, indicating efficiency in generating operating profits from its revenue. The operating profit margin started at 7.09% in March 2019 and consistently increased to reach 22.08% by December 2023.
The consistent improvement in operating profit margin demonstrates the company's ability to effectively control costs and enhance operational efficiency. This suggests that Mueller Industries Inc has been successful in managing its operating expenses relative to its revenue, resulting in a higher proportion of revenue being retained as operating profit.
Overall, the increasing trend in operating profit margin reflects positively on the company's management of operating costs and profitability over the mentioned periods. It indicates that Mueller Industries Inc has been able to enhance its operational performance and efficiency, which is a favorable sign for investors and other stakeholders.
Peer comparison
Dec 31, 2023