Filing Flows › Mueller Industries (MLI) › Q3 2026 › vs Q3 2025
Mueller Industries (MLI) Q3 2026 vs Q3 2025 (year over year)
Mueller Industries's revenue rose $341M (+32%) from $1.1B in Q3 2025 to $1.4B in Q3 2026. The biggest changes: Piping Systems +$166M (+23%); Industrial Metals +$161M (+67%); Climate +$13.4M (+11%). Operating margin 19.8% against 25.6% (-5.8 pts).
Mueller Industries, Q3 2026: revenue $1.4B (+32% year over year), operating margin 19.8%, net earnings $221M, operating cash flow $337M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 19.8% | 25.6% | -5.8 pts |
| Net margin | 15.6% | 19.3% | -3.7 pts |
| Free cash flow margin | 22.2% | 27.1% | -4.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Piping Systems | $876M | $710M | $166M | +23% |
| Industrial Metals | $403M | $242M | $161M | +67% |
| Climate | $140M | $126M | $13.4M | +11% |
| Revenue | $1.4B | $1.1B | $341M | +32% |
| Other income, net | $19.4M | $8.0M | $11.3M | +141% |
| Operating profit | $282M | $276M | $5.5M | +2% |
| Costs & expenses | $1.1B | $802M | $335M | +42% |
| Pre-tax earnings | $301M | $284M | $16.8M | +6% |
| Cost of revenue | $1.1B | $738M | $319M | +43% |
| SG&A | $63.0M | $61.7M | $1.4M | +2% |
| Net earnings | $221M | $208M | $13.1M | +6% |
| Minority interests | $3.1M | $2.1M | $992K | +47% |
| Income tax | $76.6M | $73.9M | $2.7M | +4% |
| Depreciation | $21.2M | $16.6M | $4.6M | +27% |
| Share-based compensation | $7.5M | $6.4M | $1.1M | +17% |
| Working capital & other | $87.1M | $79.0M | $8.2M | +10% |
| Operating cash flow | $337M | $310M | $26.9M | +9% |
| Free cash flow (OCF − capex) | $315M | $292M | $23.2M | +8% |
| Capital expenditures | $22.0M | $18.3M | $3.7M | +20% |
Questions
How much did Mueller Industries's revenue grow year over year in Q3 2026?
Mueller Industries's revenue rose $341M (+32%) from $1.1B in Q3 2025 to $1.4B in Q3 2026.
What drove Mueller Industries's revenue change in Q3 2026?
Piping Systems +$166M (+23%); Industrial Metals +$161M (+67%); Climate +$13.4M (+11%).