Mueller Industries Inc (MLI)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 604,879 | 602,897 | 658,316 | 468,520 | 139,493 |
| Total stockholders’ equity | US$ in thousands | 2,773,160 | 2,337,440 | 1,790,910 | 1,222,120 | 776,745 |
| ROE | 21.81% | 25.79% | 36.76% | 38.34% | 17.96% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $604,879K ÷ $2,773,160K
= 21.81%
Mueller Industries Inc's return on equity (ROE) has shown a fluctuating trend over the past five years. Starting at 17.96% on December 31, 2020, the ROE experienced a significant increase to 38.34% by December 31, 2021, indicating improved profitability relative to shareholder equity. This positive momentum continued into the next year as the ROE remained high at 36.76% by December 31, 2022. However, in the following years, there was a slight decline in ROE, dropping to 25.79% by December 31, 2023, and further decreasing to 21.81% by December 31, 2024.
Overall, Mueller Industries Inc's ROE performance reflects a mixed picture of strong profitability in the earlier years followed by a mild decline in the latter part of the period. It is essential for the company to closely monitor its financial performance and implement strategies to sustain or improve its return on equity to continue creating value for its shareholders.
Peer comparison
Dec 31, 2024