Mueller Industries Inc (MLI)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 604,879 | 586,465 | 550,475 | 568,021 | 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 |
| Total stockholders’ equity | US$ in thousands | 2,773,160 | 2,678,380 | 2,546,100 | 2,424,370 | 2,337,440 | 2,221,240 | 2,116,230 | 1,962,310 | 1,790,910 | 1,625,240 | 1,510,460 | 1,370,400 | 1,222,120 | 1,107,560 | 945,716 | 841,146 | 776,745 | 717,621 | 670,681 | 645,687 |
| ROE | 21.81% | 21.90% | 21.62% | 23.43% | 25.79% | 28.03% | 30.45% | 34.31% | 36.76% | 39.69% | 43.79% | 41.14% | 38.34% | 34.25% | 26.55% | 20.23% | 17.96% | 18.29% | 17.54% | 18.22% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $604,879K ÷ $2,773,160K
= 21.81%
Mueller Industries Inc's return on equity (ROE) has shown a general upward trend from March 31, 2020, to September 30, 2022, with occasional fluctuations. The ROE steadily increased from 18.22% in March 2020 to a peak of 43.79% in June 2022. This indicates an improvement in the company's ability to generate profits from its shareholders' equity during this period.
However, starting from September 30, 2022, the ROE began to decline, with a notable drop to 21.81% by December 31, 2024. This downward trend may suggest challenges in maintaining the same level of profitability relative to the equity invested in the company.
Overall, Mueller Industries Inc's ROE performance demonstrates both positive growth and potential areas for improvement in effectively utilizing shareholder equity to generate returns. It would be prudent for stakeholders to further investigate the contributing factors behind the recent decline in ROE to ensure long-term financial sustainability and profitability.
Peer comparison
Dec 31, 2024