MLI vs. TT: Mueller Industries vs. Trane Technologies Stock Comparison

November 11, 2026

How do Mueller Industries (MLI) and Trane Technologies (TT) 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 Trane Technologies (TT) both fall under the Capital Goods industry group, but MLI is classified in Machinery while TT is classified in Building Products.

Company profile comparison for Mueller Industries (MLI) and Trane Technologies (TT)
Profile Item	MLI	TT
Name	Mueller Industries, Inc.	Trane Technologies plc
Country/Region	United States	Ireland
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Machinery	Building Products
GICS Sub-Industry	Industrial Machinery & Supplies & Components	Building Products
Market Capitalization	11.54 billion USD	87.94 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 25, 1991	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

MLI

GSPC

Mueller Industries (MLI) vs. Trane Technologies (TT), 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 Trane Technologies (TT). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Mueller Industries (MLI) and Trane Technologies (TT)
Metric	MLI	TT
Total Return (1Y)	3.68%	-2.56%
Total Return (3Y, Annualized)	44.56%	25.06%
Total Return (5Y, Annualized)	32.39%	18.70%

Risk Profile

Drawdown History

MLI

GSPC

Mueller Industries (MLI) vs. Trane Technologies (TT), 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 Trane Technologies (TT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Mueller Industries (MLI) and Trane Technologies (TT)
Metric	MLI	TT
Volatility (1Y, Annualized)	34.44%	30.26%
Beta (5Y)	1.01	1.18
Max Drawdown (5Y)	-27.79%	-39.76%
Avg. Volume (3M)	1.61M	1.24M

Risk-Adjusted Performance

Risk-Return Positioning

MLI and TT 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 Trane Technologies (TT)
Metric	MLI	TT
Sharpe Ratio (1Y)	-0.02	-0.23
Sortino Ratio (1Y)	-0.02	-0.31

Profitability

ROE (TTM)

Both Mueller Industries (MLI) at 26.26% and Trane Technologies (TT) at 36.94% 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%

TT

Capital Goods industry group

36.94%

Max: 40.55%
TT: 36.94%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Mueller Industries (MLI) vs. Trane Technologies (TT): 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 Trane Technologies (TT) at 13.56% 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%

TT

Capital Goods industry group

13.56%

Max: 27.47%
TT: 13.56%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

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

Operating Margin (TTM)

Both Mueller Industries (MLI) at 19.53% and Trane Technologies (TT) at 19.85% 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%

TT

Capital Goods industry group

19.85%

Max: 36.60%
TT: 19.85%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

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

Profitability Metrics

Profitability metrics for Mueller Industries (MLI) and Trane Technologies (TT)
Metric	MLI	TT
ROE (TTM)	26.26%	36.94%
ROA (TTM)	16.23%	11.42%
Net Margin (TTM)	17.27%	13.56%
Operating Margin (TTM)	19.53%	19.85%
Gross Margin (TTM)	27.25%	34.99%

Growth

Revenue Growth

Both Mueller Industries (MLI) at 10.87% and Trane Technologies (TT) at 7.48% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Mueller Industries (MLI) vs. Trane Technologies (TT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Mueller Industries (MLI) at 29.19% and Trane Technologies (TT) at 15.48% 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. Trane Technologies (TT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Mueller Industries (MLI) and Trane Technologies (TT)
Metric	MLI	TT
Revenue Growth (YoY)	10.87%	7.48%
Revenue Growth (3Y CAGR)	1.62%	10.06%
EPS Growth (YoY)	29.19%	15.48%
EPS Growth (3Y CAGR)	5.63%	20.17%

Financial Strength

Current Ratio (MRQ)

Mueller Industries (MLI) at 4.39 carries current ratio above its industry’s typical mid-range, while Trane Technologies (TT) at 1.12 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

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

TT

Capital Goods industry group

1.12

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
TT: 1.12
Min: 0.36

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

Debt / Equity (MRQ)

Mueller Industries (MLI) at 0.01 keeps leverage in the lower industry quartile, while Trane Technologies (TT) at 0.46 runs a more typical debt-to-equity mix.

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

TT

Capital Goods industry group

0.46

Max: 2.33
Q3: 1.12
Median: 0.60
TT: 0.46
Q1: 0.29
Min: 0.00

Mueller Industries (MLI) vs. Trane Technologies (TT): 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 Trane Technologies (TT)
Metric	MLI	TT
Current Ratio (MRQ)	4.39	1.12
Debt / Equity (MRQ)	0.01	0.46
Net Debt / EBITDA	-1.31	0.66

Dividends

Dividend Yield (TTM)

Mueller Industries (MLI) at 1.24% delivers top-quartile income for its industry, while Trane Technologies (TT) at 1.04% pays a more typical yield — both are credible income propositions, MLI the richer one.

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%

TT

Capital Goods industry group

1.04%

Max: 2.66%
Q3: 1.14%
TT: 1.04%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

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

Dividend Payout Ratio (TTM)

Mueller Industries (MLI) at 16.67% pays out a band-typical share of earnings, while Trane Technologies (TT) at 28.42% distributes more than its industry norm — less retained, thinner cover.

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%

TT

Capital Goods industry group

28.42%

Max: 67.39%
TT: 28.42%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Mueller Industries (MLI) and Trane Technologies (TT)
Metric	MLI	TT
Dividend Yield (TTM)	1.24%	1.04%
Dividend Payout Ratio (TTM)	16.67%	28.42%

Valuation

P/E Ratio (TTM)

Mueller Industries (MLI) at 13.58 sits in the cheaper P/E ratio quartile, while Trane Technologies (TT) at 27.92 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

TT

Capital Goods industry group

27.92

Max: 59.38
Q3: 35.92
TT: 27.92
Median: 25.41
Q1: 19.47
Min: 3.03

Mueller Industries (MLI) vs. Trane Technologies (TT): 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 Trane Technologies (TT) at 3.79 sits in the pricier quartile — TT 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

TT

Capital Goods industry group

3.79

Max: 7.54
TT: 3.79
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Mueller Industries (MLI) vs. Trane Technologies (TT): 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 Trane Technologies (TT) at 9.66 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

TT

Capital Goods industry group

9.66

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

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

Valuation Metrics

Valuation metrics for Mueller Industries (MLI) and Trane Technologies (TT)
Metric	MLI	TT
P/E Ratio (TTM)	13.58	27.92
P/S Ratio (TTM)	2.31	3.79
P/B Ratio (MRQ)	0.33	9.66
Free Cash Flow Yield (TTM)	4.65%	3.94%