Mueller Industries vs Pentair
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The short version
- Mueller Industries is the larger business, with $4.2B of revenue in fiscal 2025 against $4.2B for Pentair.
- Mueller Industries grew revenue faster (10.9%, against 2.3%).
- Mueller Industries kept more of each dollar of sales as operating profit (22.9% operating margin, against 20.5%).
- Pentair turned more of its sales into free cash flow (17.9% FCF margin, against 16.4%).
- Mueller Industries earned a higher return on the capital invested in it (40.3%, against 14.0%).
| Latest fiscal year | MLI · FY25 | PNR · FY25 |
|---|---|---|
| Size | ||
| Market cap | $11.9B | $9.1B |
| Revenue | $4.2B | $4.2B |
| Free cash flow | $687M | $746M |
| Net income | $765M | $654M |
| Growth | ||
| Revenue growth | 10.9% | 2.3% |
| 5-year growth | 11.8% | 6.7% |
| Share count change | −2.2% | −1.0% |
| Profitability | ||
| Gross margin | — | 40.5% |
| Operating margin | 22.9% | 20.5% |
| Net margin | 18.3% | 15.7% |
| FCF margin | 16.4% | 17.9% |
| Return on capital | 40.3% | 14.0% |
| Return on equity | 25.6% | 17.6% |
| Balance sheet | ||
| Net debt | −$1.4B | $1.5B |
| Net debt / EBITDA | −1.4x | 1.6x |
| Dividends and buybacks | $353M | $389M |
| Valuation & quality | ||
| P/E | — | 13.5x |
| Piotroski F-score | 6 | 9 |
Revenue
FY16
MLI $2.1B
PNR $2.8B
FY17
MLI $2.3B
PNR $2.8B
FY18
MLI $2.5B
PNR $3.0B
FY19
MLI $2.4B
PNR $3.0B
FY20
MLI $2.4B
PNR $3.0B
FY21
MLI $3.8B
PNR $3.8B
FY22
MLI $4.0B
PNR $4.1B
FY23
MLI $3.4B
PNR $4.1B
FY24
MLI $3.8B
PNR $4.1B
FY25
MLI $4.2B
PNR $4.2B
MLI
PNR
Operating margin
FY16
MLI 7.5%
PNR 12.8%
FY17
MLI 6.7%
PNR 13.3%
FY18
MLI 6.9%
PNR 14.7%
FY19
MLI 7.9%
PNR 14.6%
FY20
MLI 10.3%
PNR 15.3%
FY21
MLI 17.4%
PNR 16.9%
FY22
MLI 22.0%
PNR 14.4%
FY23
MLI 22.1%
PNR 18.0%
FY24
MLI 20.4%
PNR 19.7%
FY25
MLI 22.9%
PNR 20.5%
MLI
PNR
Free cash flow
FY16
MLI $120M
PNR $818M
FY17
MLI −$2.1M
PNR $581M
FY18
MLI $129M
PNR $391M
FY19
MLI $169M
PNR $295M
FY20
MLI $201M
PNR $511M
FY21
MLI $280M
PNR $553M
FY22
MLI $686M
PNR $278M
FY23
MLI $619M
PNR $543M
FY24
MLI $566M
PNR $692M
FY25
MLI $687M
PNR $746M
MLI
PNR
Return on capital
FY16
MLI 12.8%
PNR —
FY17
MLI 12.5%
PNR —
FY18
MLI 14.7%
PNR 8.2%
FY19
MLI 15.6%
PNR 13.6%
FY20
MLI 18.4%
PNR 13.0%
FY21
MLI 44.6%
PNR 18.6%
FY22
MLI 56.6%
PNR 12.8%
FY23
MLI 50.1%
PNR 14.9%
FY24
MLI 40.7%
PNR 13.8%
FY25
MLI 40.3%
PNR 14.0%
MLI
PNR
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.