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MLKNMillerKnoll, Inc.
$20.38$1.4B
Overview & Verdict
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MLKN logoMillerKnoll, Inc.(MLKN)Earnings, Financials & Key Ratios

MLKN•NASDAQ
$20.38
15.4× P/E·Price updated Jul 7, 2026
SectorConsumer CyclicalIndustryHome FurnishingsSub-IndustryCommercial and Institutional Furnishings
AboutMillerKnoll, Inc. researches, designs, manufactures, and distributes interior furnishings worldwide. The company operates in four segments: Americas Contract, International Contract, Global Retail, and Knoll. It offers office furniture products under the Aeron, Mirra, Sayl, Embody, Layout Studio, Imagine Desking System, Ratio, Cosm, Tone, and Generation by Knoll names; and other seating and storage products and ergonomic accessories under the About A Chair, Palissade, Eero Saarinen designs, Barcelona, and the Flo monitor arm names. The company also offers office seating, office furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions. As of May 28, 2022, the company operated 70 retail studios including 35 operates under the DWR brand, 7 under the HAY brand, 22 Herman Miller stores, 2 Muuto stores, 3 Knoll stores, and a multi-brand Chicago store. Its products are used in institutional, health/science, and residential and other environments; transportation terminals; and industrial and educational settings. The company markets its products through its sales staff, and independent dealers and retailers, as well as e-commerce websites. The company was formerly known as Herman Miller, Inc. and changed its name to MillerKnoll, Inc. in November 2021. MillerKnoll, Inc. was incorporated in 1905 and is headquartered in Zeeland, Michigan.Show more
  • Revenue$3.84B+4.7%
  • EBITDA$363M-0.4%
  • Net Income$92M+348.0%
  • EPS (Diluted)1.32+349.1%
  • Gross Margin38.75%
  • EBITDA Margin9.44%-4.8%
  • Operating Margin5.58%-8.4%
  • Net Margin2.38%+336.9%
  • ROE6.68%+352.9%

MLKN Price & Volume

MillerKnoll, Inc. (MLKN) stock price & volume — 10-year historical chart

Loading chart...

Persistent Margin Volatility Masks Integration Debt Risks

Investment Thesis • Updated 2026Q4

VerdictNegative: The company's inability to maintain positive free cash flow
Growth:Mixed
Profitability:Strained
Financial:Strained
Cash Flow:Mixed
Primary Risk:Commercial real estate exposure

Key Thesis Takeaways

  • MillerKnoll faces a challenging path to sustained profitability as its project-based revenue model remains highly sensitive to macroeconomic cycles, evidenced by growth fluctuations ranging from a 11.4% contraction to a 10.9% expansion.
  • The company's reliance on external financing to manage a $1.8 billion debt load, coupled with $1.2 billion in goodwill, suggests significant long-term integration risks.
  • Investors should monitor whether the firm can stabilize its erratic free cash flow, which recently swung from a $95.3 million inflow to a $8.6 million outflow, before committing capital to this cyclical industrial player.

Verdict Logic

which reached a negative $8.6 million in 2026Q4, while simultaneously carrying a $1.8 billion debt burden, presents an unfavorable risk-reward profile for long-term investors.

MLKN Growth Metrics

MillerKnoll, Inc. (MLKN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.43%
5 Years9.28%
3 Years-2.04%
TTM4.68%

Profit CAGR

10 Years-3.93%
5 Years-12.12%
3 Years29.53%
TTM347.97%

EPS CAGR

10 Years-5.24%
5 Years-14.8%
3 Years33.89%
TTM336.94%

Return on Capital

10 Years12.21%
5 Years6.25%
3 Years6.52%
Last Year6.57%

MLKN Recent Earnings

MillerKnoll, Inc. (MLKN) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 6/12 qtrs (50%)
Q3 2026Latest
Jun 24, 2026
Metric
Actual
Est
EPS
$0.55+5.8%
$0.52
Rev
$1.0B+3.1%
$974M
Q2 2026
Mar 25, 2026
Metric
Actual
Est
EPS
$0.43-4.4%
$0.45
Rev
$927M-1.6%
$942M
Q4 2025
Dec 17, 2025
Metric
Actual
Est
EPS
$0.43+5.7%
$0.41
Rev
$955M+1.3%
$943M
Q4 2025
Sep 23, 2025
Metric
Actual
Est
EPS
$0.45+31.1%
$0.34
Rev
$956M+4.9%
$911M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026LatestJun 24, 2026
$0.55vs $0.52+5.8%
$1.0Bvs $974M+3.1%
Q2 2026Mar 25, 2026
$0.43vs $0.45-4.4%
$927Mvs $942M-1.6%
Q4 2025Dec 17, 2025
$0.43vs $0.41+5.7%
$955Mvs $943M+1.3%
Q4 2025Sep 23, 2025
$0.45vs $0.34+31.1%
$956Mvs $911M+4.9%
Based on last 12 quarters of dataView full earnings history →

Latest MLKN News

Recent stock market news and headlines for MillerKnoll, Inc. (MLKN)

Seeking Alpha·Jun 25, 2026
MillerKnoll Q4 Review: Needs A Radical Change (Downgrade)

MillerKnoll, Inc. delivered mixed Q4 and FY26 results, with modest revenue growth but declining adjusted EPS and operating margins. NA contracts and Global Retail drove sales growth, while International contracts lagged; operational efficiency improved, but top-line growth remains sluggish. MLKN's liquidity is adequate, but its interest coverage ratio of 2.8x and sizeable debt load raise concerns about resilience in a downturn.

Zacks Investment Research·Jun 25, 2026
MillerKnoll Q4 Earnings Call Puts Focus on Retail Discipline

MLKN's fiscal fourth-quarter beat gives way to a sharper fiscal 2027 agenda focused on cost control, cash flow, debt reduction and smaller-format retail growth.

Seeking Alpha·Jun 24, 2026
MillerKnoll, Inc. (MLKN) Q4 2026 Earnings Call Transcript

MillerKnoll, Inc. (MLKN) Q4 2026 Earnings Call Transcript

Zacks Investment Research·Jun 24, 2026
MillerKnoll (MLKN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for MillerKnoll (MLKN) give a sense of how the business performed in the quarter ended May 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Zacks Investment Research·Jun 24, 2026
MillerKnoll (MLKN) Q4 Earnings and Revenues Surpass Estimates

MillerKnoll (MLKN) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.6 per share a year ago.

Peers Comparison

Key metrics vs top competitors for MillerKnoll, Inc. (MLKN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MLKN logoMLKNMillerKnoll, Inc.Current
$20.38$1.39B15.444.68%2.38%6.68%—
SCS logoSCSSteelcase Inc.
$16.14$1.85B15.820.2%2.92%9.38%—
HNI logoHNIHNI Corporation
$40.28$1.9B36.2912.37%-0.43%-1.17%—
UFI logoUFIUnifi, Inc.
$5.00$92.91M-4.50-1.87%-7.16%-16.7%—
ETH logoETHGrayscale Ethereum Mini Trust ETF
$17.04$436.5M8.48-4.89%6.81%8.46%—
HOFT logoHOFTHooker Furnishings Corporation
$15.57$167.25M-6.13-23.22%-7.9%-13.04%—

Compare MLKN vs Peers

MillerKnoll, Inc. (MLKN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SCS

Most directly comparable listed peer for MLKN.

Scale Benchmark

vs CBRE

Larger-name benchmark to compare MLKN against a more recognizable public peer.

Peer Set

Compare Top 5

vs SCS, HNI, UFI, ETH

MLKN SEC Filings & Documents

MillerKnoll, Inc. (MLKN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jun 24, 2026·SEC

Material company update

Mar 25, 2026·SEC

Material company update

Feb 11, 2026·SEC

10-K Annual Reports

3
FY 2025

Jul 21, 2025·SEC

FY 2024

Jul 30, 2024·SEC

FY 2023

Jul 26, 2023·SEC

10-Q Quarterly Reports

6
FY 2026

Mar 30, 2026·SEC

FY 2026

Jan 5, 2026·SEC

FY 2025

Sep 29, 2025·SEC

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MLKN Frequently Asked Questions

MillerKnoll, Inc. (MLKN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is MillerKnoll, Inc.'s revenue?

MillerKnoll, Inc. (MLKN) reported $3.84B in revenue for fiscal year 2026. This represents a 157% increase from $1.50B in 1997.

How fast is MillerKnoll, Inc. growing?

MillerKnoll, Inc. (MLKN) grew revenue by 4.7% over the past year. Growth has been modest.

Is MLKN profitable?

Yes, MillerKnoll, Inc. (MLKN) is profitable, generating $91.5M in net income for fiscal year 2026 (2.4% net margin).

Dividend & Returns
What is MLKN's return on equity?

MillerKnoll, Inc. (MLKN) has a return on equity (ROE) of 6.7%. This is below average, suggesting room for improvement.

What is MillerKnoll, Inc.'s free cash flow?

MillerKnoll, Inc. (MLKN) generated $104.4M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in MLKN back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →