Mueller Industries Inc (MLI)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 820,462 | 845,232 | 876,031 | 641,139 | 209,189 |
| Revenue | US$ in thousands | 3,768,770 | 3,420,340 | 3,982,460 | 3,769,340 | 2,398,040 |
| Pretax margin | 21.77% | 24.71% | 22.00% | 17.01% | 8.72% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $820,462K ÷ $3,768,770K
= 21.77%
Mueller Industries Inc's pretax margin has shown a positive trend over the five-year period from 2020 to 2024. The pretax margin increased steadily from 8.72% in December 31, 2020, to 17.01% in December 31, 2021, signifying improved operational efficiency and cost management. The trend continued with further significant growth to 22.00% in December 31, 2022, 24.71% in December 31, 2023, before slightly dipping to 21.77% in December 31, 2024.
Overall, the pretax margin's consistent growth indicates that Mueller Industries Inc has been effectively managing its expenses relative to its revenue base, resulting in higher profitability before taxes. However, the slight decline in 2024 could be an area of concern and may warrant further investigation to ensure sustainable profitability levels in the future.
Peer comparison
Dec 31, 2024