Flowserve vs Mueller Industries
Add, change or remove companies; up to four.
The short version
- Flowserve is the larger business, with $4.7B of revenue in fiscal 2025 against $4.2B for Mueller Industries.
- Mueller Industries grew revenue faster (10.9%, against 3.8%).
- Mueller Industries kept more of each dollar of sales as operating profit (22.9% operating margin, against 8.5%).
- Mueller Industries turned more of its sales into free cash flow (16.4% FCF margin, against 9.2%).
- Mueller Industries earned a higher return on the capital invested in it (40.3%, against 9.4%).
| Latest fiscal year | FLS · FY25 | MLI · FY25 |
|---|---|---|
| Size | ||
| Market cap | $8.8B | $11.9B |
| Revenue | $4.7B | $4.2B |
| Free cash flow | $435M | $687M |
| Net income | $346M | $765M |
| Growth | ||
| Revenue growth | 3.8% | 10.9% |
| 5-year growth | 4.9% | 11.8% |
| Share count change | −1.0% | −2.2% |
| Profitability | ||
| Gross margin | 33.4% | — |
| Operating margin | 8.5% | 22.9% |
| Net margin | 7.3% | 18.3% |
| FCF margin | 9.2% | 16.4% |
| Return on capital | 9.4% | 40.3% |
| Return on equity | 16.5% | 25.6% |
| Balance sheet | ||
| Net debt | $845M | −$1.4B |
| Net debt / EBITDA | 1.7x | −1.4x |
| Dividends and buybacks | $365M | $353M |
| Valuation & quality | ||
| P/E | 23.8x | — |
| Piotroski F-score | 8 | 6 |
Revenue
FY16
FLS $4.0B
MLI $2.1B
FY17
FLS $3.7B
MLI $2.3B
FY18
FLS $3.8B
MLI $2.5B
FY19
FLS $3.9B
MLI $2.4B
FY20
FLS $3.7B
MLI $2.4B
FY21
FLS $3.5B
MLI $3.8B
FY22
FLS $3.6B
MLI $4.0B
FY23
FLS $4.3B
MLI $3.4B
FY24
FLS $4.6B
MLI $3.8B
FY25
FLS $4.7B
MLI $4.2B
FLS
MLI
Operating margin
FY16
FLS 6.9%
MLI 7.5%
FY17
FLS 9.3%
MLI 6.7%
FY18
FLS 5.9%
MLI 6.9%
FY19
FLS 9.8%
MLI 7.9%
FY20
FLS 6.7%
MLI 10.3%
FY21
FLS 7.7%
MLI 17.4%
FY22
FLS 5.5%
MLI 22.0%
FY23
FLS 7.7%
MLI 22.1%
FY24
FLS 10.1%
MLI 20.4%
FY25
FLS 8.5%
MLI 22.9%
FLS
MLI
Free cash flow
FY16
FLS $151M
MLI $120M
FY17
FLS $249M
MLI −$2.1M
FY18
FLS $107M
MLI $129M
FY19
FLS $248M
MLI $169M
FY20
FLS $253M
MLI $201M
FY21
FLS $195M
MLI $280M
FY22
FLS −$116M
MLI $686M
FY23
FLS $258M
MLI $619M
FY24
FLS $344M
MLI $566M
FY25
FLS $435M
MLI $687M
FLS
MLI
Return on capital
FY16
FLS 6.1%
MLI 12.8%
FY17
FLS 6.4%
MLI 12.5%
FY18
FLS 6.4%
MLI 14.7%
FY19
FLS 11.9%
MLI 15.6%
FY20
FLS 7.1%
MLI 18.4%
FY21
FLS 11.0%
MLI 44.6%
FY22
FLS 7.6%
MLI 56.6%
FY23
FLS 11.3%
MLI 50.1%
FY24
FLS 12.9%
MLI 40.7%
FY25
FLS 9.4%
MLI 40.3%
FLS
MLI
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.