$62.56

+1.24 (+2.02%)

Weekly Expected Move ±3.4%

$58 $60 $63 $65 $67

NYSE · Industrials · Manufacturing - Metal Fabrication · Tech Score Neutral · Power 54 · $13.8B mcap · 216M float · 0.850% daily turnover · Short 50% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WIDE EDGE

71.5 / 100

NoneWeakNarrowWide

Primary source: Efficient Scale · ROIC: 35.2% · 5Y Avg: 63.2%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale ★

100

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. MLI possesses a Wide competitive edge (71.5/100) — durable structural advantages that are difficult for competitors to erode. The primary source of advantage is Efficient Scale. ROIC of 35.2% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

Low

$75

Avg Target

$75

High

Based on 1 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 1Hold: 5Sell: 0Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$75.00

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-07-16	Northcoast Research	—	Initiated	$75	—	+30.4%	$57.51

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

A-

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. MLI receives an overall rating of A-. Strongest factors: DCF (4/5), ROE (5/5), ROA (5/5). Areas of concern: D/E (2/5), P/B (2/5).

Rating Change History

Date	From	To
2026-10-01	A	A-
2026-07-15	A+	A
2026-07-13	A	A+
2026-07-08	A+	A
2026-07-01	A	A+
2026-04-27	A-	A
2026-04-22	B	A-
2026-04-21	A-	B
2026-04-01	A	A-
2026-03-30	A-	A

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 62 Grade B

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. MLI scores highest in Safety (100/100) and lowest in Cash Flow (43/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

16.39

Safe Zone

Piotroski F-Score

5/9

✓ ✓ ✓ ✗ ✓ ✗ ✗ ✗ ✓

Beneish M-Score

-1.65

Possible Manipulator

Ohlson O-Score

-11.84

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

AAA

Score: 96.5/100

Trend: Stable

Earnings Quality

50/100

OCF/NI: 0.53x

Accruals: 10.3%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. MLI scores 16.39, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. MLI scores 5/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. MLI's score of -1.65 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. MLI's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. MLI receives an estimated rating of AAA (score: 96.5/100), with a stable trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). MLI's score of 50/100 is moderate — some divergence between reported earnings and underlying cash flows.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

16.02x

PEG

0.73x

P/S

2.97x

P/B

3.83x

P/FCF

37.80x

P/OCF

31.35x

EV/EBITDA

10.65x

EV/Revenue

2.74x

EV/EBIT

11.29x

EV/FCF

34.08x

Earnings Yield

6.01%

FCF Yield

2.65%

Shareholder Yield

0.92%

Graham Number

$37.25

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 16.0x earnings, MLI trades at a reasonable valuation. An earnings yield of 6.0% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $37.25 per share, 68% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.753

NI / EBT

Interest Burden

1.000

EBT / EBIT

EBIT Margin

0.242

EBIT / Rev

Asset Turnover

1.204

Rev / Assets

Equity Multiplier

1.198

Assets / Equity

ROE

26.3%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. MLI's ROE of 26.3% is driven by Asset Turnover (1.204), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$32.68

Price/Value

1.96x

Margin of Safety

-95.60%

Premium

95.60%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with MLI's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. MLI trades at a 96% premium to its adjusted intrinsic value of $32.68, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 16.0x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$62.59

Median 1Y

$80.52

5th Pctile

$40.64

95th Pctile

$159.62

Ann. Volatility

38.5%

Analyst Target

$75.00

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Gregory L. Christopher Chief Executive Officer & Chairman	$1,650,000	$15,227,100	$27,562,773
Jeffrey A. Martin EVP, Chief Financial Officer & Treasurer	$479,142	$4,060,560	$6,548,833
Christopher J. Miritello EVP, General Counsel & Secretary	$378,861	$1,099,735	$2,943,074
Steffen Sigloch Manufacturing Manufacturing Officer	$283,292	$—	$1,323,356

CEO Pay Ratio

536:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $27,562,773

Avg Employee Cost (SGA/emp): $51,459

Employees: 4,832

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

4,832

-6.5% YoY

Revenue / Employee

$864,766

Rev: $4,178,547,000

Profit / Employee

$158,359

NI: $765,191,000

SGA / Employee

$51,459

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	41.6%	46.9%	51.0%	53.9%	47.2%	43.7%	40.4%	35.5%	32.4%	29.2%	25.9%	23.6%	23.9%	23.7%	24.5%	26.0%	26.1%	29.1%	28.2%	26.3%	26.31%
ROA	24.1%	28.8%	30.9%	34.5%	33.6%	33.2%	30.4%	27.9%	26.1%	24.1%	21.1%	19.5%	20.0%	20.0%	20.4%	21.7%	21.7%	24.3%	23.6%	22.0%	21.96%
ROIC	35.5%	41.9%	45.8%	49.6%	55.1%	57.8%	55.1%	49.7%	51.9%	50.3%	47.3%	29.5%	31.3%	33.0%	32.8%	35.8%	39.2%	58.9%	38.8%	35.2%	35.16%
ROCE	38.6%	48.2%	51.5%	54.5%	49.7%	46.3%	43.5%	39.0%	36.5%	34.7%	32.0%	29.6%	29.2%	28.4%	29.9%	30.7%	31.3%	39.1%	32.8%	30.9%	30.85%
Gross Margin	24.2%	24.0%	26.3%	28.6%	28.2%	29.3%	30.1%	28.7%	29.4%	26.8%	28.4%	27.3%	27.6%	27.7%	27.2%	31.0%	28.9%	21.6%	30.0%	27.7%	27.69%
Operating Margin	23.8%	18.0%	21.1%	23.4%	21.7%	21.7%	23.6%	23.5%	22.1%	18.5%	21.6%	21.0%	20.7%	18.4%	20.6%	26.7%	23.1%	14.1%	26.2%	21.7%	21.71%
Net Margin	17.4%	13.1%	15.7%	18.0%	16.4%	15.8%	17.8%	19.8%	16.2%	16.3%	16.3%	16.1%	16.9%	14.9%	15.7%	21.6%	19.3%	16.0%	20.0%	17.5%	17.48%
EBITDA Margin	24.6%	19.2%	22.2%	24.6%	23.0%	22.4%	25.6%	28.0%	24.3%	25.6%	24.8%	23.4%	23.0%	21.7%	22.8%	30.1%	27.9%	22.4%	28.3%	24.1%	24.07%
FCF Margin	5.4%	7.4%	9.3%	11.5%	15.1%	17.3%	18.6%	19.7%	18.5%	18.1%	20.4%	19.0%	17.2%	15.0%	12.9%	14.5%	16.3%	16.4%	14.9%	8.0%	8.03%
OCF Margin	6.6%	8.3%	10.0%	12.4%	16.0%	18.2%	19.6%	20.9%	19.8%	19.7%	22.3%	20.5%	19.0%	17.1%	14.9%	16.6%	18.2%	18.1%	16.5%	9.7%	9.68%
ROE 3Y Avg	snapshot only																				23.31%
ROE 5Y Avg	snapshot only																				28.83%
ROA 3Y Avg	snapshot only																				19.43%
ROIC 3Y Avg	snapshot only																				32.48%
ROIC Economic	snapshot only																				21.79%
Cash ROA	snapshot only																				10.59%
Cash ROIC	snapshot only																				20.92%
CROIC	snapshot only																				17.35%
NOPAT Margin	snapshot only																				16.27%
Pretax Margin	snapshot only																				24.23%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				5.42%
SBC / Revenue	snapshot only																				0.48%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	2.89	3.38	2.71	2.16	2.41	2.40	2.94	3.71	3.31	4.32	5.27	5.75	6.84	7.33	6.88	6.14	7.43	8.49	14.13	16.63	16.020
P/S Ratio	0.31	0.42	0.39	0.35	0.38	0.40	0.50	0.65	0.58	0.76	0.91	0.93	1.12	1.18	1.10	1.07	1.34	1.55	2.74	3.03	2.969
P/B Ratio	0.99	1.29	1.12	0.94	0.96	0.88	1.01	1.13	0.93	1.11	1.23	1.24	1.50	1.60	1.61	1.49	1.81	2.60	3.59	3.99	3.834
P/FCF	5.79	5.65	4.14	3.03	2.54	2.30	2.70	3.28	3.14	4.21	4.45	4.90	6.53	7.84	8.49	7.38	8.23	9.46	18.35	37.80	37.795
P/OCF	4.78	5.07	3.85	2.81	2.40	2.18	2.56	3.10	2.92	3.87	4.07	4.54	5.90	6.87	7.33	6.45	7.38	8.60	16.58	31.35	31.351
EV/EBITDA	2.01	2.19	1.74	1.34	1.21	1.01	1.30	1.67	1.11	1.54	1.96	2.86	3.57	3.90	3.87	3.33	3.99	4.74	8.85	10.65	10.650
EV/Revenue	0.33	0.40	0.36	0.30	0.27	0.23	0.31	0.41	0.28	0.40	0.51	0.70	0.86	0.90	0.88	0.82	1.03	1.23	2.42	2.74	2.735
EV/EBIT	2.19	2.34	1.84	1.41	1.27	1.06	1.37	1.75	1.16	1.62	2.06	3.00	3.74	4.15	4.16	3.57	4.29	5.06	9.39	11.29	11.286
EV/FCF	6.01	5.43	3.83	2.65	1.79	1.35	1.68	2.09	1.51	2.21	2.48	3.67	5.01	6.03	6.83	5.64	6.32	7.51	16.23	34.08	34.077
Earnings Yield	34.6%	29.6%	36.9%	46.4%	41.5%	41.6%	34.0%	27.0%	30.2%	23.2%	19.0%	17.4%	14.6%	13.6%	14.5%	16.3%	13.5%	11.8%	7.1%	6.0%	6.01%
FCF Yield	17.3%	17.7%	24.2%	33.0%	39.4%	43.4%	37.0%	30.4%	31.9%	23.8%	22.5%	20.4%	15.3%	12.8%	11.8%	13.5%	12.2%	10.6%	5.5%	2.6%	2.65%
PEG Ratio	snapshot only																				0.735
Price/Tangible Book	snapshot only																				4.947
EV/OCF	snapshot only																				28.266
EV/Gross Profit	snapshot only																				10.017
Acquirers Multiple	snapshot only																				12.661
Shareholder Yield	snapshot only																				0.92%
Graham Number	snapshot only																				$37.25

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	2.73	2.66	2.75	3.19	3.79	4.41	4.34	5.37	6.01	6.43	6.05	4.66	4.86	5.06	4.29	4.86	4.82	5.92	5.35	4.78	4.775
Quick Ratio	1.66	1.54	1.70	2.05	2.58	3.12	3.23	4.02	4.79	5.23	5.06	3.61	3.85	3.89	3.24	3.73	3.81	4.68	4.26	3.76	3.755
Debt/Equity	0.13	0.02	0.02	0.02	0.02	0.01	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.01	0.01	0.007
Net Debt/Equity	0.04	-0.05	-0.08	-0.12	-0.28	-0.37	-0.38	-0.41	-0.48	-0.53	-0.55	-0.31	-0.35	-0.37	-0.32	-0.35	-0.42	-0.54	-0.41	-0.39	-0.392
Debt/Assets	0.08	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.01	0.01	0.006
Debt/EBITDA	0.26	0.04	0.03	0.03	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.04	0.02	0.02	0.021
Net Debt/EBITDA	0.07	-0.09	-0.14	-0.19	-0.50	-0.71	-0.79	-0.95	-1.19	-1.39	-1.56	-0.95	-1.09	-1.17	-0.94	-1.03	-1.20	-1.24	-1.15	-1.16	-1.162
Interest Coverage	45.43	84.17	226.37	528.57	933.83	1082.52	1133.25	1112.33	1309.75	693.25	679.41	680.24	783.56	2002.13	2595.16	4051.65	8115.04	9427.33	13587.18	16612.44	16612.441
Equity Multiplier	1.56	1.41	1.42	1.36	1.30	1.25	1.26	1.22	1.20	1.18	1.19	1.20	1.20	1.19	1.21	1.20	1.20	1.21	1.18	1.20	1.200
Cash Ratio	snapshot only																				2.377
Debt Service Coverage	snapshot only																				17605.382
Cash to Debt	snapshot only																				57.365
FCF to Debt	snapshot only																				15.157
Defensive Interval	snapshot only																				2991.7 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	2.22	2.31	2.17	2.14	2.12	2.01	1.78	1.60	1.49	1.37	1.23	1.20	1.22	1.25	1.28	1.24	1.20	1.32	1.22	1.20	1.204
Inventory Turnover	8.17	7.89	7.20	7.05	6.91	6.52	6.05	5.56	5.95	5.87	5.84	5.62	6.55	6.47	6.78	6.33	6.48	6.24	6.11	6.05	6.054
Receivables Turnover	8.57	9.09	7.65	7.11	8.68	9.35	7.22	6.89	8.38	9.35	7.11	6.92	7.86	9.40	8.02	7.28	7.83	9.03	7.15	6.88	6.883
Payables Turnover	19.17	17.89	14.93	15.21	17.10	18.56	13.79	14.38	16.30	19.59	13.93	13.85	15.93	18.52	14.82	14.13	15.89	17.13	13.45	13.33	13.334
DSO	43	40	48	51	42	39	51	53	44	39	51	53	46	39	46	50	47	40	51	53	53.0 days
DIO	45	46	51	52	53	56	60	66	61	62	63	65	56	56	54	58	56	58	60	60	60.3 days
DPO	19	20	24	24	21	20	26	25	22	19	26	26	23	20	25	26	23	21	27	27	27.4 days
Cash Conversion Cycle	68	66	74	79	74	75	84	93	82	83	88	91	79	76	75	82	80	78	84	86	85.9 days
Fixed Asset Turnover	snapshot only																				8.086
Operating Cycle	snapshot only																				113.3 days
Cash Velocity	snapshot only																				3.292
Capital Intensity	snapshot only																				0.913

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	54.0%	57.2%	51.6%	31.1%	16.4%	5.7%	-0.4%	-10.0%	-12.2%	-14.1%	-16.4%	-7.9%	0.3%	10.2%	18.8%	19.4%	15.7%	10.9%	11.5%	14.8%	14.81%
Net Income	1.9%	2.4%	2.3%	1.6%	70.0%	40.5%	19.4%	-2.6%	-3.5%	-8.4%	-15.6%	-14.6%	-5.8%	0.3%	9.8%	28.9%	27.7%	26.5%	35.7%	19.8%	19.84%
EPS	1.9%	2.4%	2.3%	1.6%	71.2%	41.9%	20.5%	-3.4%	-4.3%	-9.4%	-16.6%	-14.6%	-5.7%	0.3%	10.0%	32.5%	31.0%	30.0%	-30.3%	-39.9%	-39.89%
FCF	-15.9%	39.1%	1.3%	5.5%	2.2%	1.5%	98.7%	54.5%	7.4%	-10.0%	-8.4%	-11.2%	-6.6%	-8.6%	-24.8%	-8.6%	10.1%	21.4%	29.0%	-36.6%	-36.63%
EBITDA	1.1%	1.5%	1.6%	1.3%	60.2%	32.6%	16.1%	-2.0%	-1.3%	-3.7%	-10.1%	-9.1%	-3.8%	-1.4%	5.0%	20.5%	24.4%	24.3%	34.1%	19.6%	19.60%
Op. Income	1.4%	1.7%	1.8%	1.3%	56.5%	33.7%	15.1%	-5.8%	-5.5%	-13.8%	-20.5%	-15.0%	-9.4%	1.9%	11.7%	25.0%	26.5%	16.2%	26.2%	13.5%	13.48%
OCF Growth	snapshot only																				-33.25%
Asset Growth	snapshot only																				22.07%
Equity Growth	snapshot only																				21.64%
Debt Growth	snapshot only																				-20.19%
Shares Change	snapshot only																				99.38%
Dividend Growth	snapshot only																				-33.77%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	12.2%	14.5%	16.9%	18.2%	18.4%	17.9%	17.6%	17.8%	16.3%	12.6%	8.1%	2.8%	0.8%	-0.0%	-0.4%	-0.3%	0.6%	1.6%	3.5%	8.1%	8.09%
Revenue 5Y	11.2%	12.9%	13.5%	13.6%	12.9%	11.9%	11.1%	9.2%	7.6%	6.4%	5.9%	6.5%	7.9%	9.2%	10.1%	12.5%	12.8%	11.7%	10.8%	8.3%	8.32%
EPS 3Y	66.9%	65.1%	79.7%	93.6%	86.2%	86.9%	79.4%	75.4%	67.5%	62.8%	49.3%	29.8%	15.6%	8.8%	3.4%	3.0%	5.7%	5.7%	-13.8%	-12.1%	-12.05%
EPS 5Y	31.8%	36.6%	41.4%	46.2%	46.5%	51.1%	53.8%	50.0%	50.1%	42.1%	42.3%	43.0%	42.3%	42.8%	39.6%	43.6%	42.1%	41.3%	20.6%	11.7%	11.72%
Net Income 3Y	65.7%	64.9%	80.4%	93.8%	86.4%	86.8%	78.9%	76.3%	68.0%	62.9%	49.4%	29.9%	15.6%	8.9%	3.4%	2.4%	5.1%	5.1%	7.9%	9.7%	9.69%
Net Income 5Y	31.4%	36.3%	41.0%	45.6%	46.0%	50.4%	53.2%	49.8%	49.5%	42.0%	42.7%	43.4%	42.5%	43.1%	39.6%	43.3%	41.7%	40.6%	37.8%	27.6%	27.64%
EBITDA 3Y	44.2%	47.7%	55.2%	62.2%	57.7%	57.7%	56.7%	54.1%	48.7%	48.0%	40.3%	27.0%	15.0%	8.0%	3.1%	2.4%	5.7%	5.7%	8.2%	9.4%	9.42%
EBITDA 5Y	25.5%	29.8%	33.4%	36.8%	36.3%	38.5%	38.8%	37.0%	36.5%	32.7%	31.3%	30.6%	30.1%	30.1%	29.4%	32.0%	31.5%	31.8%	31.2%	24.2%	24.18%
Gross Profit 3Y	28.7%	32.4%	37.6%	42.5%	41.4%	41.4%	43.3%	40.9%	37.4%	31.7%	24.3%	16.4%	10.9%	7.9%	4.4%	2.8%	3.0%	0.8%	2.4%	5.9%	5.85%
Gross Profit 5Y	17.9%	20.1%	23.0%	25.8%	26.7%	28.0%	28.2%	25.9%	25.3%	22.5%	20.8%	21.0%	20.6%	21.5%	22.6%	24.7%	24.2%	21.5%	20.3%	16.1%	16.10%
Op. Income 3Y	52.4%	55.9%	64.4%	72.0%	66.2%	66.1%	64.3%	60.4%	53.3%	45.4%	36.5%	22.7%	10.3%	5.5%	0.7%	0.0%	2.7%	0.7%	3.9%	6.4%	6.43%
Op. Income 5Y	31.0%	33.8%	37.7%	41.0%	40.1%	42.0%	42.2%	39.4%	39.2%	34.3%	32.4%	32.4%	31.5%	32.1%	31.5%	34.4%	32.8%	29.5%	29.1%	21.2%	21.23%
FCF 3Y	41.1%	29.3%	41.6%	44.8%	65.4%	59.5%	51.3%	44.9%	42.9%	45.4%	61.9%	1.1%	48.0%	26.4%	11.0%	7.9%	3.4%	-0.0%	-3.9%	-19.9%	-19.87%
FCF 5Y	10.9%	18.4%	30.6%	39.4%	43.2%	—	—	1.0%	57.7%	36.7%	38.9%	33.0%	35.3%	27.3%	19.0%	19.8%	24.6%	27.8%	32.7%	39.1%	39.07%
OCF 3Y	26.7%	22.9%	32.8%	37.4%	54.1%	53.5%	45.1%	40.3%	38.5%	40.0%	55.8%	84.1%	43.6%	27.5%	13.8%	10.0%	5.2%	1.4%	-2.3%	-16.4%	-16.35%
OCF 5Y	11.3%	14.6%	23.9%	31.6%	35.7%	75.1%	93.0%	62.7%	44.2%	32.0%	34.1%	28.9%	30.8%	26.4%	18.3%	19.3%	23.2%	25.3%	30.0%	32.2%	32.23%
Assets 3Y	6.7%	8.1%	9.7%	13.0%	14.6%	17.8%	19.7%	24.9%	23.3%	21.8%	19.4%	19.7%	22.9%	23.9%	18.4%	19.4%	20.6%	10.4%	16.7%	18.2%	18.22%
Assets 5Y	3.9%	3.6%	8.3%	9.6%	11.0%	11.2%	13.2%	11.5%	13.4%	15.0%	14.4%	16.7%	18.0%	19.1%	17.4%	21.4%	21.1%	14.6%	18.3%	18.9%	18.93%
Equity 3Y	24.9%	30.6%	34.3%	36.9%	38.8%	40.7%	44.8%	46.7%	45.7%	44.4%	42.3%	39.1%	34.2%	31.4%	24.8%	24.5%	23.6%	11.7%	19.3%	18.8%	18.79%
Book Value 3Y	25.7%	30.8%	33.8%	36.8%	38.7%	40.8%	45.2%	46.0%	45.2%	44.3%	42.1%	39.0%	34.2%	31.3%	24.8%	25.3%	24.3%	12.3%	-4.8%	-4.8%	-4.76%
Dividend 3Y	7.8%	9.4%	8.8%	18.1%	21.4%	24.3%	35.9%	12.4%	8.8%	6.2%	-0.2%	8.3%	9.2%	10.0%	9.1%	9.0%	8.2%	7.5%	-13.5%	-12.0%	-12.04%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.55	0.59	0.65	0.70	0.71	0.73	0.75	0.71	0.63	0.54	0.48	0.49	0.53	0.50	0.44	0.51	0.61	0.69	0.73	0.79	0.792
Earnings Stability	0.51	0.52	0.56	0.62	0.74	0.77	0.80	0.82	0.88	0.85	0.80	0.76	0.81	0.78	0.71	0.70	0.77	0.73	0.68	0.65	0.651
Margin Stability	0.84	0.83	0.79	0.76	0.75	0.72	0.70	0.71	0.70	0.72	0.73	0.74	0.76	0.78	0.79	0.81	0.82	0.83	0.84	0.85	0.847
Rev. Growth Consistency	0.50	0.50	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.50	0.50	0.50	0.50	0.50	0.84	0.92	0.99	0.99	0.97	0.94	0.94	0.98	1.00	0.96	0.88	0.89	0.89	0.86	0.92	0.921
Earnings Smoothness	0.03	0.00	0.00	0.10	0.48	0.66	0.82	0.97	0.96	0.91	0.83	0.84	0.94	1.00	0.91	0.75	0.76	0.77	0.70	0.82	0.820
ROE Trend	0.17	0.22	0.22	0.22	0.13	0.09	0.04	-0.05	-0.09	-0.12	-0.14	-0.16	-0.12	-0.09	-0.05	-0.02	-0.01	0.07	0.02	0.01	0.010
Gross Margin Trend	0.04	0.05	0.07	0.08	0.08	0.08	0.08	0.06	0.06	0.04	0.02	0.00	-0.01	-0.01	-0.01	-0.00	0.00	-0.01	0.00	-0.01	-0.009
FCF Margin Trend	-0.02	-0.00	0.02	0.05	0.07	0.09	0.11	0.13	0.08	0.06	0.06	0.03	0.00	-0.03	-0.07	-0.05	-0.01	-0.00	-0.02	-0.09	-0.087
Sustainable Growth Rate	38.6%	44.0%	48.3%	50.4%	43.6%	40.0%	36.1%	32.2%	29.0%	26.0%	22.6%	20.3%	20.5%	20.2%	20.8%	22.4%	22.4%	24.9%	24.2%	22.3%	22.27%
Internal Growth Rate	28.8%	36.9%	41.5%	47.6%	45.0%	43.6%	37.3%	33.7%	30.5%	27.3%	22.6%	20.1%	20.7%	20.6%	20.9%	22.9%	23.0%	26.3%	25.4%	22.8%	22.83%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	0.61	0.67	0.70	0.77	1.01	1.10	1.15	1.20	1.13	1.12	1.29	1.26	1.16	1.07	0.94	0.95	1.01	0.99	0.85	0.53	0.530
FCF/OCF	0.82	0.90	0.93	0.93	0.94	0.95	0.95	0.94	0.93	0.92	0.91	0.93	0.90	0.88	0.86	0.87	0.90	0.91	0.90	0.83	0.829
FCF/Net Income	snapshot only																				0.440
OCF/EBITDA	snapshot only																				0.377
CapEx/Revenue	1.2%	0.8%	0.7%	0.9%	0.9%	0.9%	1.0%	1.2%	1.3%	1.6%	1.9%	1.5%	1.8%	2.1%	2.1%	2.1%	1.9%	1.6%	1.6%	1.7%	1.65%
CapEx/Depreciation	snapshot only																				1.139
Accruals Ratio	0.10	0.10	0.09	0.08	-0.00	-0.03	-0.05	-0.05	-0.03	-0.03	-0.06	-0.05	-0.03	-0.01	0.01	0.01	-0.00	0.00	0.03	0.10	0.103
Sloan Accruals	snapshot only																				0.109
Cash Flow Adequacy	snapshot only																				2.172
Earnings Quality Score	snapshot only																				0.500

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	2.5%	1.8%	1.9%	3.0%	3.2%	3.5%	3.7%	2.6%	3.1%	2.6%	2.4%	2.5%	2.1%	2.0%	2.2%	2.3%	1.9%	1.7%	1.0%	0.9%	1.04%
Dividend/Share	$0.24	$0.26	$0.26	$0.38	$0.44	$0.49	$0.64	$0.54	$0.56	$0.59	$0.63	$0.68	$0.73	$0.78	$0.83	$0.89	$0.94	$0.98	$0.54	$0.59	$0.65
Payout Ratio	7.2%	6.2%	5.2%	6.4%	7.6%	8.5%	10.8%	9.5%	10.3%	11.1%	12.7%	14.2%	14.2%	14.7%	15.1%	14.0%	13.9%	14.3%	14.2%	15.4%	15.37%
FCF Payout Ratio	14.5%	10.4%	7.9%	9.0%	8.0%	8.1%	9.9%	8.4%	9.7%	10.8%	10.8%	12.1%	13.6%	15.8%	18.6%	16.8%	15.4%	15.9%	18.4%	34.9%	34.95%
Total Payout Ratio	7.3%	7.3%	6.8%	12.3%	14.3%	14.3%	15.8%	13.2%	13.4%	14.3%	21.1%	22.0%	22.5%	22.8%	57.5%	49.1%	46.4%	46.1%	23.0%	15.4%	15.37%
Div. Increase Streak	0	0	1	1	1	1	1	1	1	1	0	1	1	1	0	1	1	1	1	1	1
Chowder Number	0.25	0.32	0.32	0.68	0.82	0.95	1.53	0.46	0.33	0.22	0.02	0.30	0.33	0.35	0.32	0.29	0.26	0.24	0.28	0.33	0.330
Buyback Yield	0.0%	0.3%	0.6%	2.7%	2.8%	2.4%	1.7%	1.0%	0.9%	0.7%	1.6%	1.4%	1.2%	1.1%	6.2%	5.7%	4.4%	3.7%	0.6%	0.0%	0.00%
Net Buyback Yield	0.0%	0.3%	0.6%	2.7%	2.8%	2.4%	1.7%	1.0%	0.9%	0.7%	1.6%	1.4%	1.2%	1.1%	6.2%	5.7%	4.4%	3.7%	0.6%	0.0%	0.00%
Total Shareholder Return	2.5%	2.2%	2.5%	5.7%	5.9%	5.9%	5.4%	3.6%	4.0%	3.3%	4.0%	3.8%	3.3%	3.1%	8.4%	8.0%	6.2%	5.4%	1.6%	0.9%	0.92%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.73	0.73	0.73	0.74	0.74	0.74	0.74	0.74	0.73	0.73	0.72	0.72	0.73	0.73	0.74	0.75	0.74	0.75	0.75	0.75	0.753
Interest Burden (EBT/EBIT)	1.00	0.99	1.00	1.01	1.00	1.01	1.01	1.00	1.00	0.98	0.97	0.97	0.98	1.00	1.01	1.01	1.01	1.00	1.00	1.00	1.000
EBIT Margin	0.15	0.17	0.19	0.22	0.21	0.22	0.23	0.24	0.24	0.25	0.25	0.23	0.23	0.22	0.21	0.23	0.24	0.24	0.26	0.24	0.242
Asset Turnover	2.22	2.31	2.17	2.14	2.12	2.01	1.78	1.60	1.49	1.37	1.23	1.20	1.22	1.25	1.28	1.24	1.20	1.32	1.22	1.20	1.204
Equity Multiplier	1.73	1.63	1.65	1.56	1.40	1.32	1.33	1.27	1.24	1.21	1.23	1.21	1.20	1.18	1.20	1.20	1.20	1.20	1.20	1.20	1.198

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$3.34	$4.12	$4.95	$5.85	$5.72	$5.84	$5.97	$5.65	$5.47	$5.29	$4.98	$4.83	$5.15	$5.31	$5.48	$6.40	$6.75	$6.90	$3.82	$3.85	$3.85
Book Value/Share	$9.75	$10.74	$12.04	$13.36	$14.40	$15.89	$17.40	$18.56	$19.51	$20.51	$21.24	$22.34	$23.54	$24.33	$23.40	$26.29	$27.67	$22.49	$15.03	$16.04	$16.44
Tangible Book/Share	$7.78	$8.69	$9.99	$11.39	$12.52	$14.00	$15.52	$16.71	$17.77	$18.77	$19.52	$16.61	$17.87	$18.92	$18.02	$20.92	$22.36	$22.49	$12.42	$12.92	$12.92
Revenue/Share	$30.71	$33.12	$34.80	$36.25	$35.99	$35.33	$34.96	$32.37	$31.31	$30.01	$28.90	$29.83	$31.44	$33.07	$34.39	$36.59	$37.32	$37.67	$19.71	$21.07	$21.44
FCF/Share	$1.67	$2.46	$3.24	$4.16	$5.43	$6.10	$6.51	$6.38	$5.78	$5.43	$5.89	$5.67	$5.40	$4.96	$4.44	$5.32	$6.10	$6.19	$2.94	$1.69	$1.72
OCF/Share	$2.02	$2.74	$3.49	$4.49	$5.74	$6.43	$6.86	$6.76	$6.20	$5.90	$6.44	$6.11	$5.98	$5.67	$5.14	$6.09	$6.80	$6.81	$3.25	$2.04	$2.07
Cash/Share	$0.92	$0.77	$1.22	$1.79	$4.28	$6.02	$6.94	$7.88	$9.70	$11.13	$11.90	$7.24	$8.52	$9.29	$7.67	$9.54	$11.86	$12.53	$6.33	$6.40	$6.51
EBITDA/Share	$4.99	$6.10	$7.15	$8.25	$8.04	$8.17	$8.38	$8.02	$7.87	$7.78	$7.44	$7.29	$7.57	$7.67	$7.82	$9.02	$9.66	$9.80	$5.39	$5.41	$5.41
Debt/Share	$1.28	$0.22	$0.21	$0.21	$0.23	$0.21	$0.28	$0.28	$0.31	$0.31	$0.30	$0.31	$0.29	$0.30	$0.29	$0.28	$0.26	$0.42	$0.10	$0.11	$0.11
Net Debt/Share	$0.36	$-0.55	$-1.02	$-1.58	$-4.05	$-5.81	$-6.66	$-7.60	$-9.39	$-10.82	$-11.60	$-6.94	$-8.23	$-9.00	$-7.38	$-9.26	$-11.60	$-12.11	$-6.22	$-6.29	$-6.29

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	16.395
Altman Z-Prime	snapshot only																				30.176
Piotroski F-Score	6	8	7	8	9	8	7	5	5	4	5	5	5	7	6	8	8	6	7	5	5
Beneish M-Score	-1.67	-1.84	-1.95	-2.15	-2.69	-2.97	-2.91	-3.03	-2.71	-2.63	-2.90	-2.04	-1.94	-1.83	-1.62	-2.43	-2.43	-2.67	-2.19	-1.65	-1.649
Ohlson O-Score	snapshot only																				-11.845
ROIC (Greenblatt)	snapshot only																				39.97%
Net-Net WC	snapshot only																				$9.77
EVA	snapshot only																				$542634017.13

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				AAA
Credit Score	96.14	95.78	95.55	96.18	96.20	96.14	96.15	96.13	96.13	95.88	95.62	95.72	95.52	95.48	95.60	95.98	95.49	96.00	96.07	96.52	96.521
Credit Grade	snapshot only																				1
Credit Trend	snapshot only																				0.536
Implied Spread (bps)	snapshot only																				50.000
Industry Credit Rank	snapshot only																				94
Sector Credit Rank	snapshot only																				92

MLI NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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