MillerKnoll Inc. (MLKN) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.52	$0.55	+5.8%	—	—	—
Q4 26	$0.45	$0.43	-4.4%	—	—	—
Q3 26	$0.41	$0.43	+4.9%	—	—	—
Q2 26	$0.34	$0.45	+32.4%	—	—	—
Q1 26	$0.44	$0.6	+36.4%	—	—	—
Q4 25	$0.44	$0.44	0.0%	—	—	—
Q3 25	$0.53	$0.55	+3.8%	—	—	—
Q2 25	$0.4	$0.36	-10.0%	—	—	—
Q1 25	$0.54	$0.67	+24.1%	—	—	—
Q4 24	$0.44	$0.45	+2.3%	—	—	—
Q3 24	$0.54	$0.59	+9.3%	—	—	—
Q2 24	$0.21	$0.37	+76.2%	—	—	—
Q1 24	$0.39	$0.41	+5.1%	—	—	—
Q4 23	$0.42	$0.54	+28.6%	—	—	—
Q3 23	$0.42	$0.46	+9.5%	—	—	—
Q2 23	$0.33	$0.44	+33.3%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$1.33	—	—	$3.8B	—
FY25	—	-$0.54	—	—	$3.7B	—
FY24	—	$1.12	—	—	$3.6B	—
FY23	—	$0.56	—	—	$4.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$2.3B	$2.4B	$2.6B	$2.5B	$2.5B	$3.9B	$4.1B	$3.6B	$3.7B	$3.8B
YoY change	+0.59%	+4.52%	+7.81%	-3.14%	-0.86%	+60.1%	+3.58%	-11.2%	+1.14%	+4.68%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	2.3B	2.4B	2.6B	2.5B	2.5B	3.9B	4.1B	3.6B	3.7B	3.8B
Cost of revenue	1.4B	1.5B	1.6B	1.6B	1.5B	2.6B	2.7B	2.2B	2.2B	2.4B
Gross profit	864.2M	873M	929.9M	911.2M	951.1M	1.4B	1.4B	1.4B	1.4B	1.5B
Gross margin	37.9%	36.7%	36.2%	36.6%	38.6%	34.3%	35%	39.1%	38.8%	38.8%
Research & development	73.1M	73.1M	76.9M	74M	72.1M	108.7M	105.7M	92.6M	93.8M	100.3M
Selling, general & administrative	587.5M	615.3M	639.3M	643.3M	643.8M	1.2B	1.1B	1.1B	1.1B	1.2B
Operating expenses	660.6M	688.4M	716.2M	717.3M	715.9M	1.3B	1.2B	1.2B	1.2B	1.3B
Operating income	203.6M	184.6M	213.7M	193.9M	235.2M	39.8M	197.9M	214.8M	195.3M	210.2M
Operating margin	8.94%	7.75%	8.32%	7.8%	9.54%	1.01%	4.84%	5.92%	5.32%	5.47%
Non-operating income, net	-13M	-7.4M	-8.6M	-196.6M	4.9M	-12.2M	-75.3M	-45M	-145.9M	-16.2M
Pretax income	177.6M	168.1M	195.1M	-12.9M	228.3M	-8.6M	51.4M	99.7M	-21.9M	128.2M
Income tax	55.1M	42.4M	39.6M	6.1M	48.3M	11.1M	4.5M	14.7M	11.6M	32.4M
Net income	124.1M	128.7M	160.5M	-14M	180.3M	-19.7M	46.1M	84.6M	-33.2M	95.7M
Net margin	5.45%	5.4%	6.25%	-0.56%	7.31%	-0.5%	1.13%	2.33%	-0.9%	2.49%
EBITDA	264.2M	254.2M	289.5M	310.9M	332.1M	219.8M	356.1M	378.6M	340.1M	358.3M
EPS	2.07	2.15	2.72	-0.15	2.94	-0.37	0.56	1.12	-0.54	1.33
Diluted EPS	2.05	2.12	2.7	-0.15	2.92	-0.37	0.55	1.11	-0.54	1.32

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	917.7M	—	—	—	—	—	—	—	955.7M	955.2M	926.6M	1B
Cost of revenue	559.6M	—	—	—	—	—	—	—	587.6M	583M	573.7M	608.6M
Gross profit	358.1M	—	—	—	—	—	—	—	368.1M	372.2M	352.9M	395.6M
Gross margin	39%	—	—	—	—	—	—	—	38.5%	39%	38.1%	39.4%
Research & development	22.1M	—	—	—	—	—	—	—	20.3M	24M	20.6M	35.4M
Selling, general & administrative	290.5M	—	—	—	—	—	—	—	293.8M	298.3M	285.5M	300.7M
Operating expenses	312.6M	—	—	—	—	—	—	—	314.1M	322.3M	306.1M	336.1M
Operating income	45.5M	62.2M	44.5M	62.6M	15.2M	62.5M	52M	195.6M	54M	49.9M	46.8M	59.5M
Operating margin	4.96%	—	—	—	—	—	—	—	5.65%	5.22%	5.05%	5.93%
Non-operating income, net	-7.4M	—	—	—	—	—	—	—	-8M	-200K	-1.9M	-6.1M
Pretax income	21.1M	—	—	—	—	—	—	—	28.7M	32.5M	29.2M	37.8M
Income tax	5.1M	—	—	—	—	—	—	—	7.6M	7.3M	5.6M	11.9M
Net income	16.1M	—	—	—	—	—	—	—	21.1M	25.2M	24.5M	24.9M
Net margin	1.75%	—	—	—	—	—	—	—	2.21%	2.64%	2.64%	2.48%
EBITDA	82.7M	—	—	—	—	—	—	—	83M	88.4M	86.4M	100.5M
EPS	0.22	0.45	0.31	0.14	-0.02	0.49	-0.19	-0.84	0.29	0.35	0.34	0.34
Diluted EPS	0.22	0.45	0.3	0.14	-0.02	0.49	-0.19	-0.84	0.29	0.35	0.34	0.34

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	1.9B	2B	2.1B	1.4B	2.8B	—	1B	2B	1.2B	1.1B	1.4B
Enterprise value	2B	2B	2.2B	1.7B	2.9B	—	2.7B	3.6B	2.8B	2.7B	3.1B
Shares outstanding	59.9M	59.7M	59M	58.9M	58.8M	73.2M	75.5M	73.3M	69M	68.7M	68.7M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	15.2	15.2	13	—	15.6	—	22.2	23.9	—	11.6	15.4
P/S	0.83	0.82	0.82	0.55	1.14	—	0.25	0.56	0.32	0.29	0.37
P/B	3.09	2.81	2.83	1.96	3	—	0.66	1.39	0.87	0.79	1.03
EV/EBITDA	7.51	7.93	7.64	5.36	8.88	—	7.49	9.39	8.18	7.66	8.58
EV/Sales	0.87	0.85	0.86	0.67	1.2	—	0.65	0.98	0.76	0.71	0.81
Earnings yield	6.57%	6.58%	7.66%	—	6.42%	—	4.51%	4.19%	—	8.6%	6.51%
FCF yield	6.08%	4.91%	6.01%	11.3%	9.7%	—	7.78%	13.6%	8.74%	6.98%	9%
PEG	—	—	—	—	—	—	—	—	—	—	-0.11

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	37.9%	36.7%	36.2%	36.6%	38.6%	34.3%	35%	39.1%	38.8%	38.8%	39.4%
Operating margin	8.94%	7.75%	8.32%	7.8%	9.54%	1.01%	4.84%	5.92%	5.32%	5.47%	6.5%
Net margin	5.45%	5.4%	6.25%	-0.56%	7.31%	-0.5%	1.13%	2.33%	-0.9%	2.49%	2.57%
ROE	20.3%	18.5%	21.7%	-2.02%	19.2%	-1.28%	2.99%	5.8%	-2.49%	6.81%	7.35%
ROA	9.5%	8.7%	10.2%	-0.68%	8.68%	-0.44%	1.08%	2.09%	-0.84%	2.39%	3.43%
ROIC	19.9%	18.2%	19.9%	19.3%	17.2%	1.25%	5.67%	6.12%	6.61%	5.17%	5.17%
Return on tangible assets	27.6%	20.3%	22.2%	-1.47%	19.1%	-5.88%	18.9%	83.4%	-11.6%	25.2%	25.2%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.28	1.56	1.48	1.95	1.9	1.5	1.67	1.53	1.58	1.58	1.65
Quick ratio	0.88	1.17	1.07	1.53	1.42	0.83	0.98	0.92	0.94	0.9	0.9
Debt / equity	0.33	0.4	0.39	1.11	0.58	1.23	1.21	1.21	1.36	1.28	1.28
Debt / assets	0.15	0.19	0.18	0.37	0.26	0.42	0.44	0.44	0.46	0.45	0.45
Net debt / EBITDA	0.36	0.25	0.4	0.99	0.42	7.54	4.62	4.05	4.76	4.56	4.56
Interest coverage	12.7	13.5	17.1	-0.03	17.4	0.77	1.69	2.31	0.71	2.83	2.83
Effective tax rate	31%	25.2%	20.3%	0%	21.2%	0%	8.75%	14.7%	0%	25.3%	25.3%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	38.1	39.9	43.5	42.2	41.9	53.9	54.1	49.5	53.2	55.9	55.3
EPS (basic)	2.07	2.15	2.72	-0.15	2.94	-0.37	0.56	1.12	-0.54	1.33	1.33
EPS (diluted)	2.05	2.12	2.7	-0.15	2.92	-0.37	0.55	1.11	-0.54	1.32	1.32
Book value per share	10.2	11.7	12.5	11.8	16	21	20.4	19.9	19.4	20.5	19.7
FCF per share	1.92	1.61	2.13	2.59	4.64	-1.46	1.05	3.74	1.47	1.13	1.12
Cash per share	1.75	3.56	2.85	7.82	6.88	3.15	2.96	3.14	2.81	2.44	2.58
Capex per share	0	0.04	0.01	0	0.24	0.04	0	0	0.09	1.78	1.76

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	0%	0.09%	0.02%	0.01%	0.57%	0.07%	0.01%	0%	0.18%	3.18%	3.18%
Capex / operating cash flow	0%	1.27%	0.25%	0.22%	4.07%	-5.91%	0.14%	0%	7.05%	61.2%	61.2%
Payout ratio	31.7%	32.9%	28.4%	-260%	19.1%	-276.6%	123.9%	65.7%	-155.7%	53.4%	56.8%
Dividend yield	2.09%	2.17%	2.18%	2.68%	1.23%	—	5.58%	2.75%	4.44%	4.59%	3.7%

Yield

3.7%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.1875

ex-dividend Aug 28, 2026

Payout ratio

57%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 28, 2026	$0.1875
May 29, 2026	$0.1875
Feb 27, 2026	$0.1875

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Revenue	$917.7M	—	—	—	—	—	—	—	$955.7M	$955.2M	$926.6M	$1B
YoY change	-14.9%	—	—	—	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	104.8M	212.5M	168M	461M	404.1M	230.3M	223.5M	230.4M	193.7M	167.7M
Receivables	186.6M	217.4M	218M	180M	204.7M	348.9M	334.1M	308.3M	350.2M	357.4M
Inventory	152.4M	162.4M	184.2M	197.3M	228.6M	587.3M	487.4M	428.6M	447.5M	488.4M
Total current assets	491.9M	645.4M	661.3M	917.1M	906.5M	1.3B	1.2B	1.1B	1.1B	1.1B
Property, plant & equipment	85.6M	92.8M	81M	258.2M	255.8M	630.1M	558.7M	464.6M	500.1M	501M
Goodwill & intangibles	856M	847M	846M	1.1B	1.1B	4.2B	4B	3.9B	3.7B	3.6B
Total assets	1.3B	1.5B	1.6B	2.1B	2.1B	4.5B	4.3B	4B	4B	4B
Accounts payable	148.4M	171.4M	177.7M	128.8M	178.4M	355.1M	269.5M	241.4M	271.3M	279.1M
Short-term debt	—	—	3.1M	51.4M	47M	109.2M	110.5M	110.7M	88M	107.1M
Total current liabilities	385.7M	413.8M	446.1M	470.2M	476.5M	877.4M	702.8M	697.7M	703.8M	721.1M
Long-term debt	199.9M	275M	281.9M	718.7M	496M	1.8B	1.8B	1.7B	1.7B	1.7B
Total liabilities	694M	784.2M	829.5M	1.4B	1.1B	3B	2.7B	2.6B	2.6B	2.6B
Shareholders' equity	612.3M	695.3M	739.8M	693.4M	937.5M	1.5B	1.5B	1.5B	1.3B	1.4B
Total debt	199.9M	275M	285M	770.1M	543M	1.9B	1.9B	1.8B	1.8B	1.8B
Net debt	103.7M	71.1M	125.8M	316.1M	146.6M	1.7B	1.6B	1.5B	1.6B	1.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Cash & short-term investments	217.5M	225.8M	223.6M	230.4M	209.7M	221.1M	169.8M	193.7M	167.2M	180.4M	174.6M	167.7M
Receivables	298M	319.9M	291.1M	308.3M	277.3M	327.8M	321.7M	350.2M	332.1M	325.3M	320.4M	357.4M
Inventory	473.2M	448.2M	437.4M	428.6M	440.5M	430.6M	425.5M	447.5M	465.8M	477.8M	491.8M	488.4M
Total current assets	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B
Property, plant & equipment	929.1M	900.4M	883M	464.6M	862.3M	857.9M	865.1M	500.1M	914.7M	909.4M	914.6M	501M
Goodwill & intangibles	4B	4B	4B	3.9B	3.9B	3.9B	3.6B	3.7B	3.7B	3.6B	3.7B	3.6B
Total assets	4.2B	4.2B	4.1B	4B	4B	4B	3.9B	4B	3.9B	3.9B	4B	4B
Accounts payable	252M	250.7M	242M	241.4M	236.1M	244.7M	238.1M	271.3M	253.6M	257.1M	264.1M	279.1M
Short-term debt	111.8M	114.9M	112M	110.7M	119M	120M	119.8M	88M	92.1M	98.5M	103.6M	107.1M
Total current liabilities	704.5M	713.8M	680.5M	697.7M	675.7M	703.7M	683.1M	703.8M	652M	671.7M	682.1M	721.1M
Long-term debt	1.7B	1.6B	1.6B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B
Total liabilities	2.7B	2.6B	2.6B	2.6B	2.6B	2.7B	2.6B	2.6B	2.6B	2.6B	2.6B	2.6B
Shareholders' equity	1.5B	1.5B	1.5B	1.5B	1.4B	1.4B	1.3B	1.3B	1.4B	1.4B	1.4B	1.4B
Total debt	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B
Net debt	1.6B	1.5B	1.5B	1.5B	1.6B	1.6B	1.6B	1.6B	1.7B	1.6B	1.6B	1.6B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	124.1M	128.7M	160.5M	-14M	180.3M	-19.7M	46.1M	84.6M	-33.2M	95.7M
Depreciation & amortization	58.9M	66.9M	72.1M	79.5M	87.2M	190.6M	155.1M	155.1M	140.5M	148.3M
Stock-based compensation	8.7M	7.7M	7.3M	2.7M	9M	31.4M	20.2M	20.7M	31.8M	26M
Change in working capital	-11.4M	-28.3M	-55M	15.7M	35.2M	-207.3M	14.6M	65.3M	-32.1M	-34.6M
Operating cash flow	209M	164.9M	196.9M	91.1M	343.7M	-47.4M	210.2M	317M	92.2M	199.9M
Capital expenditure	0	2.1M	500K	200K	14M	2.8M	300K	0	6.5M	-122.3M
Investing cash flow	-29M	7.9M	-74.4M	-99.1M	-100K	-1.1B	6.8M	-7.9M	6.7M	-115.8M
Dividends paid	-39.4M	-42.4M	-45.6M	-36.4M	-34.5M	-54.5M	-57.1M	-55.6M	-51.7M	-51.1M
Share repurchases	-23.7M	-46.5M	-47.9M	-26.6M	-900K	-16.2M	-16M	-138.2M	-84.9M	-86.5M
Financing cash flow	-96.6M	227.5M	-91.9M	509M	-612.7M	1.2B	-86.8M	-258.8M	-150.3M	-117M
Net change in cash	83.4M	400.3M	30.6M	501M	-269.1M	102.8M	130.2M	50.3M	-51.4M	-32.9M
Free cash flow	114.8M	95.9M	125.8M	152.8M	272.5M	-106.6M	79.6M	273.9M	101.7M	77.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26
Net income	16.1M	—	—	11M	—	—	—	-56.2M	21.1M	25.2M	24.5M	24.9M
Depreciation & amortization	37.2M	—	—	43.5M	—	—	—	35.9M	35.4M	36.6M	38.1M	38.2M
Stock-based compensation	6.4M	—	—	3.6M	—	—	—	7.8M	9.3M	5.8M	5.9M	5M
Change in working capital	68.5M	3.1M	-33.3M	—	-12.8M	30.8M	-22.9M	—	-63M	-3.2M	-12M	—
Operating cash flow	130.9M	3.1M	-33.3M	43.2M	-12.8M	30.8M	-22.9M	-30.4M	9.4M	64.6M	61.1M	64.8M
Capital expenditure	—	—	—	—	—	—	—	300K	-30.7M	-30.6M	-22.1M	-38.9M
Investing cash flow	-6.4M	—	—	-3.4M	—	—	—	-1.1M	-30.5M	-29.8M	-17.5M	-38M
Dividends paid	-14.2M	—	—	-13.4M	—	—	—	-12.7M	-12.7M	-12.9M	-12.7M	-12.8M
Share repurchases	-32M	—	—	-37.2M	—	—	—	-100K	-7.2M	-47.8M	-200K	-31.3M
Financing cash flow	-323.6M	—	—	-258.8M	—	—	—	-545.1M	-281.9M	-392.1M	-299M	818.7M
Net change in cash	-199.1M	3.1M	-33.3M	-219M	-12.8M	30.8M	-22.9M	-576.6M	-303M	-357.3M	-255.4M	845.5M
Free cash flow	111M	—	—	56.5M	—	—	—	31.4M	-21.3M	34M	39M	25.9M

Date	Ratio
Mar 17, 1998	2:1
Apr 16, 1997	2:1
Sep 3, 1985	3:2
Aug 17, 1983	2:1
Nov 2, 1981	2:1

MillerKnoll Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history