Mueller Industries Inc (MLI)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 823,659 | 846,685 | 868,710 | 903,719 | 881,638 | 863,397 | 889,029 | 762,025 | 634,378 | 513,033 | 339,976 | 233,123 | 194,814 | 181,480 | 160,086 | 157,519 | 136,229 | 135,075 | 121,982 | 129,157 |
| 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 |
| Pretax margin | 24.05% | 23.72% | 23.54% | 22.92% | 22.08% | 21.21% | 21.36% | 18.96% | 16.64% | 14.53% | 10.93% | 8.97% | 8.18% | 8.06% | 7.15% | 6.55% | 5.65% | 5.57% | 4.95% | 5.24% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $823,659K ÷ $3,424,117K
= 24.05%
The pretax margin of Mueller Industries Inc has shown a generally positive trend over the historical period provided. The pretax margin has steadily increased from 5.24% in March 2019 to 24.05% in December 2023, indicating an improvement in the company's ability to generate profits before taxes relative to its revenue.
The pretax margin experienced significant fluctuations in the earlier years, reaching as low as 4.95% in March 2019 and gradually improving thereafter. From September 2020 onwards, the pretax margin has consistently shown an upward trajectory, reflecting better operational efficiency and cost management by the company.
Overall, the increasing pretax margin suggests that Mueller Industries Inc has been successful in controlling its operating costs and improving its profitability levels over the years. This positive trend is a favorable signal for investors and indicates a potentially healthy financial performance of the company.
Peer comparison
Dec 31, 2023