Filing Flows › Mueller Industries (MLI) › Q3 2025
Mueller Industries (MLI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 22, 2025
Mueller Industries (MLI) reported revenue of $1.1B for the third quarter 2025 (Q3 2025), +8% from a year earlier and -5% from the quarter before. Operating margin was 25.6%, net earnings $208M (19.3% of revenue).
Mueller Industries, Q3 2025: revenue $1.1B (+8% year over year), operating margin 25.6%, net earnings $208M, operating cash flow $310M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -5% | +8% |
| Operating profit | $276M | -9% | +34% |
| Net earnings | $208M | -15% | +23% |
| Operating cash flow | $310M | +63% | +34% |
| Free cash flow | $292M | +65% | +42% |
What changed
Revenue was $1.1B in Q3 2025, up 8% year over year and down 5% from the previous quarter. Piping Systems was the largest line at 66% of revenue. Piping Systems added $0.07B year over year (up 12%), 93% of the total change. Climate declined 2%.
Operating profit was $0.28B, a 25.6% margin (up 4.9 points year over year). Of the extra revenue versus a year earlier, 87% reached operating profit, above the 21% margin then. Net earnings were $0.21B, up 23% year over year. The effective tax rate was 26.0%.
Operating cash flow was $0.31B (up 34% year over year), 147% of net earnings. Non-cash charges added back $0.02B of depreciation and $0.01B of share-based compensation. Working capital and other items added $0.08B. Capital expenditures of $0.02B left free cash flow of $0.29B.
Questions
What was Mueller Industries' revenue in the third quarter 2025?
Mueller Industries (MLI) reported revenue of $1.1B for the third quarter 2025 (Q3 2025), +8% from a year earlier and -5% from the quarter before.
Was Mueller Industries profitable in the third quarter 2025?
Operating profit was $276M (25.6% of revenue) and net earnings $208M.
Source: Mueller Industries 10-Q on SEC EDGAR.