The historical rank and industry rank for Mueller Industries's Gross Margin % or its related term are showing as below:
MLI'
s Gross Margin % Range Over the Past 10 Years
Min: 13.56 Med: 16.21 Max: 28.85
Current: 27.53
During the past 13 years, the highestGross Margin % of Mueller Industries was 28.85%. The lowest was 13.56%. And the median was 16.21%.
MLI's Gross Margin % is ranked better than 52.11% of 2934
companies
in the Industrial Products industry
Industry Median: 26.73
vs MLI: 27.53
Mueller Industries had a gross margin of 27.60% for the quarter that ended in Sep. 2024 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Mueller Industries was 16.60% per year.
Mueller Industries Gross Margin % Historical Data
The historical data trend for Mueller Industries's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Mueller Industries's Gross Margin %
For the Metal Fabrication subindustry, Mueller Industries's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mueller Industries's Gross Margin % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mueller Industries's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Mueller Industries's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Mueller Industries had a gross margin of 27.60% for the quarter that ended in Sep. 2024 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Mueller Industries Gross Margin % Related Terms
Thank you for viewing the detailed overview of Mueller Industries's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mueller Industries Inc makes copper, brass, aluminum, and plastic products. The company reports three business segments: piping systems, industrial metals, and climate. Piping systems, earning majority of the company's revenue, produces tubes, fittings, rods, valves, and other products and operates various firms world-wide. The industrial metals segment manufactures impacts and micro-gauge, brass rod and copper bar products, and brass value-added products. The climate segment produces items used to create temperature-control goods, including valves, twisted tubes, coaxial heat exchangers, and others. Numerous systems use the aforementioned products, including HVAC, water distribution, refrigeration, and automotive.
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