M
MLI
MLIVerified3 segments tracked|8 years of data|Annual (10-K)
Total Revenue
$4.2B10.9%
FY2025
Operating Segments
3Active segments
Blended Margin
0.0%Operating margin
Highest Margin
0.0%Piping Systems
Segment Shift
Piping Systems has grown from 65.2% to 64.0% of total revenue since FY2018, with 0.0% operating margins. Meanwhile, Industrial Metals is the fastest growing at +25.2% YoY.
Segment Revenue Over Time
Revenue Mix
Segment Breakdown — FY2025
| Segment | Revenue | Op. Income | Margin | % of Total | YoY |
|---|---|---|---|---|---|
| Piping Systems | $2.7B | $0 | 0.0% | 64.0% | +8.0% |
| Industrial Metals | $1.0B | $0 | 0.0% | 24.1% | +25.2% |
| Climate | $497M | $0 | 0.0% | 11.9% | +1.9% |
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