A Business at a Glance
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MILLERKNOLL, INC.
MLKN
$1.5B
Mkt Cap
$22.08
+2.89%
MILLERKNOLL, INC. (MLKN) has a 5-year average return on invested capital (ROIC) of 7.7%. This is below average and may indicate limited pricing power.
MILLERKNOLL, INC. (MLKN) has a market capitalization of $1.5B. It is classified as a small-cap stock.
Yes, MILLERKNOLL, INC. (MLKN) pays a dividend with a trailing twelve-month yield of 3.38%. The company also returns capital through share buybacks, with a buyback yield of 5.62%.
MILLERKNOLL, INC. (MLKN) operates in the Office Furniture industry, within the Consumer Cyclical sector.
MILLERKNOLL, INC. (MLKN) reported annual revenue of $3.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
MILLERKNOLL, INC. (MLKN) has a net profit margin of -1.0%. The company is currently unprofitable.
MILLERKNOLL, INC. (MLKN) generated $102 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MILLERKNOLL, INC. operates in the Office Furniture industry, Consumer Cyclical sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.8B | 3.7B | 3.6B | 4.1B | 3.9B | 2.5B |
| Net Income | 11M | -37M | 82M | 42M | -27M | 175M |
| EPS | $0.15 | $-0.54 | $1.11 | $0.55 | $-0.37 | $2.94 |
| Free Cash Flow | 83M | 102M | 274M | 80M | -107M | 273M |
| ROIC | 0.7% | 2.1% | 5.6% | 4.3% | 2.4% | 24.0% |
| Gross Margin | 38.7% | 38.8% | 39.1% | 35.0% | 34.3% | 38.6% |
| Debt/Equity | 0.97 | 1.04 | 0.96 | 1.00 | 1.01 | 0.32 |
| Dividends/Share | $0.75 | $0.75 | $0.75 | $0.75 | $0.75 | $0.56 |
| Operating Income | 202M | 51M | 167M | 122M | 40M | 233M |
| Operating Margin | 5.3% | 1.4% | 4.6% | 3.0% | 1.0% | 9.4% |
| ROE | 0.8% | -2.8% | 5.8% | 2.9% | -2.4% | 23.1% |
| Shares Outstanding | 68M | 68M | 74M | 77M | 73M | 59M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.9B | 2.1B | 2.3B | 2.3B | 2.4B | 2.6B | 2.5B | 2.5B | 3.9B | 4.1B | 3.6B | 3.7B | 3.8B |
| Gross Margin | 33.5% | 36.9% | 38.6% | 37.9% | 36.7% | 36.2% | 36.6% | 38.6% | 34.3% | 35.0% | 39.1% | 38.8% | 38.7% |
| R&D | 54M | 57M | 62M | 59M | 57M | 59M | 54M | 72M | 109M | 106M | 93M | 94M | 89M |
| SG&A | 564M | 544M | 586M | 588M | 615M | 639M | 643M | 644M | 1.2B | 1.1B | 1.1B | 1.1B | 1.0B |
| EBIT | -26M | 163M | 212M | 191M | 179M | 204M | -38M | 233M | 40M | 122M | 167M | 51M | 202M |
| Op. Margin | -1.4% | 7.6% | 9.3% | 8.4% | 7.5% | 7.9% | -1.5% | 9.4% | 1.0% | 3.0% | 4.6% | 1.4% | 5.3% |
| Net Income | -22M | 98M | 137M | 124M | 128M | 161M | -8.7M | 175M | -27M | 42M | 82M | -37M | 11M |
| Net Margin | -1.2% | 4.6% | 6.0% | 5.4% | 5.4% | 6.3% | -0.3% | 7.1% | -0.7% | 1.0% | 2.3% | -1.0% | 0.3% |
| Non-Recurring | 2.8M | 1.1M | 8.3M | 13M | 6.2M | 9.4M | 152M | 128M | 127M | 160M | 31M | 107M | 14M |
| Returns on Capital | |||||||||||||
| ROIC | -3.9% | 17.8% | 20.0% | 16.9% | 16.2% | 18.2% | -0.8% | 24.0% | 2.4% | 4.3% | 5.6% | 2.1% | 0.7% |
| ROE | -6.5% | 24.9% | 29.0% | 22.3% | 20.5% | 23.2% | -1.3% | 23.1% | -2.4% | 2.9% | 5.8% | -2.8% | 0.8% |
| ROA | -2.3% | 8.9% | 11.3% | 9.8% | 9.2% | 10.5% | -0.5% | 8.5% | -0.8% | 1.0% | 2.0% | -0.9% | 0.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 90M | 168M | 210M | 202M | 167M | 216M | 222M | 332M | -12M | 163M | 352M | 209M | 206M |
| Free Cash Flow | 49M | 104M | 125M | 115M | 96M | 131M | 153M | 273M | -107M | 80M | 274M | 102M | 83M |
| Owner Earnings | 37M | 108M | 146M | 135M | 92M | 137M | 140M | 236M | -234M | -12M | 177M | 37M | 31M |
| CapEx | 41M | 64M | 85M | 87M | 71M | 86M | 69M | 60M | 95M | 83M | 78M | 108M | 123M |
| Maint. CapEx | 42M | 50M | 53M | 59M | 67M | 72M | 80M | 87M | 191M | 155M | 155M | 141M | 146M |
| Growth CapEx | 0 | 14M | 32M | 28M | 3.7M | 14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 42M | 50M | 53M | 59M | 67M | 72M | 80M | 87M | 191M | 155M | 155M | 141M | 146M |
| CapEx/OCF | 45.3% | 37.9% | 40.4% | 43.2% | 42.4% | 39.6% | 31.1% | 18.0% | N/A | 51.1% | 22.3% | 51.4% | 59.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 30M | 33M | 35M | 39M | 42M | 46M | 36M | 35M | 55M | 57M | 56M | 52M | 51M |
| Dividend Yield | 2.3% | 2.5% | 2.6% | 2.6% | 2.5% | 2.6% | 2.0% | 2.0% | 2.2% | 3.7% | 3.4% | 3.4% | 3.4% |
| Share Buybacks | 13M | 3.7M | 14M | 24M | 47M | 48M | 27M | 900K | 16M | 16M | 138M | 85M | 85M |
| Buyback Yield | 0.9% | 0.3% | 0.9% | 1.6% | 2.9% | 2.6% | 2.1% | 0.0% | 0.8% | 1.6% | 7.5% | 7.7% | 5.6% |
| Stock-Based Comp | 11M | 10M | 12M | 8.7M | 7.7M | 7.3M | 2.7M | 9.0M | 31M | 20M | 21M | 32M | 29M |
| Debt Repayment | 0 | 50M | 0 | 0 | 150M | 0 | 0 | 265M | 839M | 916M | 870M | 1.2B | 1.2B |
| Balance Sheet | |||||||||||||
| Net Debt | 264M | 220M | 130M | 105M | 73M | 120M | 182M | -125M | 1.2B | 1.2B | 1.1B | 1.1B | 1.1B |
| Cash & Equiv. | 102M | 64M | 85M | 96M | 204M | 159M | 454M | 396M | 230M | 224M | 230M | 194M | 175M |
| Long-Term Debt | 200M | 290M | 222M | 200M | 275M | 282M | 540M | 275M | 1.4B | 1.4B | 1.3B | 1.3B | 1.3B |
| Debt/Equity | 1.03 | 0.69 | 0.42 | 0.36 | 0.43 | 0.40 | 0.99 | 0.32 | 1.01 | 1.00 | 0.96 | 1.04 | 0.97 |
| Interest Coverage | -1.5 | 9.3 | 13.7 | 12.6 | 13.3 | 16.8 | -3.0 | 16.7 | 1.1 | 1.7 | 2.2 | 0.7 | 0.7 |
| Equity | 364M | 420M | 524M | 588M | 665M | 719M | 652M | 861M | 1.4B | 1.4B | 1.4B | 1.3B | 1.3B |
| Total Assets | 995M | 1.2B | 1.2B | 1.3B | 1.5B | 1.6B | 2.1B | 2.1B | 4.5B | 4.3B | 4.0B | 4.0B | 4.0B |
| Total Liabilities | 619M | 742M | 684M | 694M | 784M | 830M | 1.4B | 1.1B | 3.0B | 2.7B | 2.6B | 2.6B | 2.6B |
| Intangibles | 44M | 52M | 51M | 45M | 41M | 41M | 112M | 105M | 362M | 313M | 279M | 248M | 224M |
| Retained Earnings | 277M | 330M | 435M | 520M | 598M | 713M | 684M | 819M | 693M | 676M | 738M | 665M | 694M |
| Working Capital | 96M | 100M | 91M | 106M | 232M | 215M | 447M | 430M | 441M | 473M | 372M | 405M | 440M |
| Current Assets | 452M | 464M | 481M | 492M | 645M | 661M | 917M | 907M | 1.3B | 1.2B | 1.1B | 1.1B | 1.1B |
| Current Liabilities | 356M | 363M | 390M | 386M | 414M | 446M | 470M | 477M | 877M | 703M | 698M | 704M | 682M |
| Per Share Data | |||||||||||||
| EPS | -0.37 | 1.62 | 2.26 | 2.05 | 2.12 | 2.70 | -0.15 | 2.94 | -0.37 | 0.55 | 1.11 | -0.54 | 0.15 |
| Owner EPS | 0.61 | 1.79 | 2.41 | 2.23 | 1.52 | 2.30 | 2.41 | 3.98 | -3.19 | -0.16 | 2.38 | 0.54 | 0.46 |
| Book Value | 6.10 | 6.98 | 8.67 | 9.72 | 11.00 | 12.10 | 11.25 | 14.49 | 19.48 | 18.72 | 18.68 | 18.67 | 19.53 |
| Cash Flow/Share | 1.51 | 2.79 | 3.48 | 3.34 | 2.76 | 3.64 | 3.82 | 5.60 | -0.16 | 2.13 | 4.75 | 3.06 | 2.29 |
| Dividends/Share | 0.53 | 0.56 | 0.59 | 0.68 | 0.72 | 0.56 | 0.75 | 0.56 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 |
| Shares Out. | 59.7M | 60.2M | 60.5M | 60.4M | 60.4M | 59.4M | 58.0M | 59.4M | 73.2M | 76.5M | 74.1M | 68.3M | 68.4M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 13.1 | 11.0 | 12.2 | 12.5 | 11.5 | N/A | 14.0 | N/A | 24.0 | 22.4 | N/A | 146.2 |
| P/FCF | 28.6 | 12.3 | 12.0 | 13.2 | 16.7 | 14.2 | 7.8 | 8.9 | N/A | 12.7 | 6.7 | 10.8 | 18.2 |
| EV/EBIT | N/A | 9.2 | 7.7 | 8.4 | 9.4 | 9.7 | N/A | 10.0 | 79.8 | 18.1 | 17.9 | 44.5 | 13.1 |
| Price/Book | N/A | N/A | N/A | N/A | 2.4 | 2.6 | 1.9 | 2.8 | 1.4 | 0.7 | 1.3 | 0.9 | 1.1 |
| Price/Sales | 0.7 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 0.8 | 0.7 | 0.6 | 0.4 | 0.4 | 0.4 | 0.4 |
| FCF Yield | 3.5% | 8.1% | 8.4% | 7.6% | 6.0% | 7.0% | 12.3% | 11.2% | -5.4% | 7.9% | 14.9% | 9.2% | 5.5% |
| Market Cap | 1.4B | 1.3B | 1.5B | 1.5B | 1.6B | 1.9B | 1.2B | 2.4B | 2.0B | 1.0B | 1.8B | 1.1B | 1.5B |
| Avg. Price | 21.61 | 22.57 | 22.33 | 25.06 | 27.87 | 29.33 | 32.03 | 28.61 | 33.73 | 20.22 | 21.77 | 22.15 | 22.08 |
| Year-End Price | 23.63 | 21.25 | 24.78 | 25.10 | 26.56 | 31.17 | 20.55 | 41.06 | 26.87 | 13.19 | 24.86 | 16.11 | 22.08 |
MILLERKNOLL, INC. passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 18.2x vs a median of 12.0x. The company's 5-year average ROIC is 7.7% with a gross margin of 37.1%. Total shareholder yield (dividends + buybacks) is 9.0%. At current prices, the estimated annualized return to fair value is -16.7%.
MILLERKNOLL, INC. (MLKN) has a debt-to-equity ratio of 1.04. This indicates moderate leverage.
MILLERKNOLL, INC. (MLKN) reported earnings per share (EPS) of $-0.54 in its most recent fiscal year.
MILLERKNOLL, INC. (MLKN) has a return on equity (ROE) of -2.8%. A negative ROE may indicate losses or negative equity.
MILLERKNOLL, INC. (MLKN) has a 5-year average gross margin of 37.1%. This indicates decent pricing power.
The Ledger Terminal provides 17 years of financial data for MILLERKNOLL, INC. (MLKN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MILLERKNOLL, INC. (MLKN) has a book value per share of $18.67, based on its most recent annual SEC filing.