MLI vs. NXT: Mueller Industries vs. Nextracker Stock Comparison

November 11, 2026

How do Mueller Industries (MLI) and Nextracker (NXT) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Mueller Industries (MLI) and Nextracker (NXT) both fall under the Capital Goods industry group, but MLI is classified in Machinery while NXT is classified in Electrical Equipment.

Mueller Industries (MLI) has more than two decades of public-market history since February 25, 1991, whereas Nextracker (NXT) listed on February 9, 2023 and has a much shorter record to draw on.

Company profile comparison for Mueller Industries (MLI) and Nextracker (NXT)
Profile Item	MLI	NXT
Name	Mueller Industries, Inc.	Nextpower Inc. Class A Common Stock
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Machinery	Electrical Equipment
GICS Sub-Industry	Industrial Machinery & Supplies & Components	Electrical Components & Equipment
Market Capitalization	11.54 billion USD	16.00 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	February 25, 1991	February 9, 2023
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

MLI

NXT

GSPC

Mueller Industries (MLI) vs. Nextracker (NXT), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Mueller Industries (MLI) and Nextracker (NXT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Mueller Industries (MLI) and Nextracker (NXT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Mueller Industries (MLI) and Nextracker (NXT)
Metric	MLI	NXT
Total Return (1Y)	3.68%	0.06%
Total Return (3Y, Annualized)	44.56%	45.51%
Total Return (5Y, Annualized)	32.39%	--

Risk Profile

Drawdown History

MLI

NXT

GSPC

Mueller Industries (MLI) vs. Nextracker (NXT), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Mueller Industries (MLI) and Nextracker (NXT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Mueller Industries (MLI) and Nextracker (NXT)
Metric	MLI	NXT
Volatility (1Y, Annualized)	34.44%	68.10%
Beta (5Y)	1.01	1.66
Max Drawdown (5Y)	-27.79%	-51.10%
Avg. Volume (3M)	1.61M	2.38M

Risk-Adjusted Performance

Risk-Return Positioning

MLI and NXT are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Mueller Industries (MLI) and Nextracker (NXT)
Metric	MLI	NXT
Sharpe Ratio (1Y)	-0.02	-0.06
Sortino Ratio (1Y)	-0.02	-0.09

Profitability

ROE (TTM)

Both Mueller Industries (MLI) at 26.26% and Nextracker (NXT) at 26.46% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

MLI

Capital Goods industry group

26.26%

Max: 40.55%
MLI: 26.26%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

NXT

Capital Goods industry group

26.46%

Max: 40.55%
NXT: 26.46%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Mueller Industries (MLI) vs. Nextracker (NXT): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Mueller Industries (MLI) at 17.27% and Nextracker (NXT) at 15.98% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

MLI

Capital Goods industry group

17.27%

Max: 27.47%
MLI: 17.27%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

NXT

Capital Goods industry group

15.98%

Max: 27.47%
NXT: 15.98%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Mueller Industries (MLI) vs. Nextracker (NXT): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Mueller Industries (MLI) at 19.53% and Nextracker (NXT) at 20.06% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

MLI

Capital Goods industry group

19.53%

Max: 36.60%
MLI: 19.53%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

NXT

Capital Goods industry group

20.06%

Max: 36.60%
NXT: 20.06%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Mueller Industries (MLI) vs. Nextracker (NXT): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Mueller Industries (MLI) and Nextracker (NXT)
Metric	MLI	NXT
ROE (TTM)	26.26%	26.46%
ROA (TTM)	16.23%	10.75%
Net Margin (TTM)	17.27%	15.98%
Operating Margin (TTM)	19.53%	20.06%
Gross Margin (TTM)	27.25%	21.84%

Growth

Revenue Growth

Nextracker (NXT) at 20.28% sits in the top revenue growth quartile, while Mueller Industries (MLI) at 10.87% is closer to the peer norm — faster top-line expansion for NXT.

Mueller Industries (MLI) vs. Nextracker (NXT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Mueller Industries (MLI) at 29.19% and Nextracker (NXT) at 10.66% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Mueller Industries (MLI) vs. Nextracker (NXT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Mueller Industries (MLI) and Nextracker (NXT)
Metric	MLI	NXT
Revenue Growth (YoY)	10.87%	20.28%
Revenue Growth (3Y CAGR)	1.62%	23.23%
EPS Growth (YoY)	29.19%	10.66%
EPS Growth (3Y CAGR)	5.63%	476.90%

Financial Strength

Current Ratio (MRQ)

Nextracker (NXT) at 2.23 keeps current ratio within its industry’s typical mid-range, while Mueller Industries (MLI) at 4.39 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

MLI

Capital Goods industry group

4.39

Max: 5.22
MLI: 4.39
Q3: 2.95
Median: 2.08
Q1: 1.43
Min: 0.36

NXT

Capital Goods industry group

2.23

Max: 5.22
Q3: 2.95
NXT: 2.23
Median: 2.08
Q1: 1.43
Min: 0.36

Mueller Industries (MLI) vs. Nextracker (NXT): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Both Mueller Industries (MLI) at 0.01 and Nextracker (NXT) at 0.02 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.

MLI

Capital Goods industry group

0.01

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
MLI: 0.01
Min: 0.00

NXT

Capital Goods industry group

0.02

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
NXT: 0.02
Min: 0.00

Mueller Industries (MLI) vs. Nextracker (NXT): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Mueller Industries (MLI) and Nextracker (NXT)
Metric	MLI	NXT
Current Ratio (MRQ)	4.39	2.23
Debt / Equity (MRQ)	0.01	0.02
Net Debt / EBITDA	-1.31	-1.30

Dividends

Dividend Yield (TTM)

Nextracker (NXT) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Mueller Industries (MLI) reports a yield of 1.24%, ranking against industry peers normally.

MLI

Capital Goods industry group

1.24%

Max: 2.66%
MLI: 1.24%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

NXT

Capital Goods industry group

0.00%

Max: 2.66%
Q3: 1.14%
Median: 0.24%
NXT: 0.00%
Q1: 0.00%
Min: 0.00%

Mueller Industries (MLI) vs. Nextracker (NXT): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Nextracker (NXT) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Mueller Industries (MLI) reports a payout of 16.67%, ranking against industry peers normally.

MLI

Capital Goods industry group

16.67%

Max: 67.39%
Q3: 28.02%
MLI: 16.67%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

NXT

Capital Goods industry group

0.00%

Max: 67.39%
Q3: 28.02%
Median: 6.86%
NXT: 0.00%
Q1: 0.00%
Min: 0.00%

Mueller Industries (MLI) vs. Nextracker (NXT): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Mueller Industries (MLI) and Nextracker (NXT)
Metric	MLI	NXT
Dividend Yield (TTM)	1.24%	0.00%
Dividend Payout Ratio (TTM)	16.67%	0.00%

Valuation

P/E Ratio (TTM)

Mueller Industries (MLI) at 13.58 sits in the cheaper P/E ratio quartile, while Nextracker (NXT) at 26.42 is closer to its industry’s usual earnings multiple — a discount for MLI, though growth and earnings durability still matter.

MLI

Capital Goods industry group

13.58

Max: 59.38
Q3: 35.92
Median: 25.41
Q1: 19.47
MLI: 13.58
Min: 3.03

NXT

Capital Goods industry group

26.42

Max: 59.38
Q3: 35.92
NXT: 26.42
Median: 25.41
Q1: 19.47
Min: 3.03

Mueller Industries (MLI) vs. Nextracker (NXT): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Mueller Industries (MLI) at 2.31 is priced about in line with its industry on P/S ratio, while Nextracker (NXT) at 4.17 sits in the pricier quartile — NXT costs more per dollar of sales.

MLI

Capital Goods industry group

2.31

Max: 7.54
Q3: 3.76
MLI: 2.31
Median: 2.15
Q1: 1.03
Min: 0.03

NXT

Capital Goods industry group

4.17

Max: 7.54
NXT: 4.17
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Mueller Industries (MLI) vs. Nextracker (NXT): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Mueller Industries (MLI) at 0.33 looks cheap against book in the lower P/B ratio quartile, while Nextracker (NXT) at 5.98 carries a premium in the upper quartile — a clear price-to-book gap.

MLI

Capital Goods industry group

0.33

Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
MLI: 0.33
Min: -1.08

NXT

Capital Goods industry group

5.98

Max: 9.66
NXT: 5.98
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

Mueller Industries (MLI) vs. Nextracker (NXT): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Mueller Industries (MLI) and Nextracker (NXT)
Metric	MLI	NXT
P/E Ratio (TTM)	13.58	26.42
P/S Ratio (TTM)	2.31	4.17
P/B Ratio (MRQ)	0.33	5.98
Free Cash Flow Yield (TTM)	4.65%	2.32%