Miller Industries, Inc. (MLR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 180.86M | 171.17M | 178.67M | 214.03M | 225.65M | 221.91M | 314.27M | 371.45M | 349.87M | 296.25M | 274.57M | 300.26M | 282.27M | 225.85M | 205.56M | 201.5M | 215.54M | 201.69M | 164.72M | 181.16M |
| Revenue Growth % | -19.85% | -22.86% | -43.15% | -42.38% | -35.5% | -25.09% | 14.46% | 23.71% | 23.95% | 31.17% | 33.57% | 49.01% | 30.96% | 11.98% | 24.8% | 11.23% | 26.86% | 13.1% | -2.17% | 40.95% |
| Cost of Goods Sold | 155.18M | 144.64M | 153.34M | 179.45M | 191.71M | 188.45M | 272.25M | 320.37M | 305.63M | 257.61M | 231.7M | 260.33M | 251.86M | 200.33M | 182.38M | 183.13M | 200.21M | 186.09M | 146.88M | 160.57M |
| COGS % of Revenue | 85.8% | 84.5% | 85.82% | 83.84% | 84.96% | 84.92% | 86.63% | 86.25% | 87.35% | 86.96% | 84.39% | 86.7% | 89.22% | 88.7% | 88.72% | 90.88% | 92.88% | 92.27% | 89.17% | 88.63% |
| Gross Profit | 25.68M | 26.53M | 25.33M | 34.59M | 33.94M | 33.46M | 42.03M | 51.08M | 44.24M | 38.64M | 42.87M | 39.93M | 30.42M | 25.52M | 23.18M | 18.37M | 15.34M | 15.6M | 17.83M | 20.59M |
| Gross Margin % | 14.2% | 15.5% | 14.18% | 16.16% | 15.04% | 15.08% | 13.37% | 13.75% | 12.65% | 13.04% | 15.61% | 13.3% | 10.78% | 11.3% | 11.28% | 9.12% | 7.12% | 7.73% | 10.83% | 11.37% |
| Gross Profit Growth % | -24.34% | -20.7% | -39.72% | -32.29% | -23.28% | -13.41% | -1.96% | 27.92% | 45.45% | 51.38% | 84.94% | 117.31% | 98.29% | 63.63% | 29.99% | -10.76% | -3.1% | -35.67% | -0.06% | 16.15% |
| Operating Expenses | 23.95M | 21.07M | 21.25M | 23.4M | 23.26M | 19.68M | 22.33M | 22.77M | 21.54M | 16.37M | 19.32M | 19.48M | 17.92M | 13.12M | 14.67M | 12.65M | 12.39M | 11.18M | 11.98M | 12.02M |
| OpEx % of Revenue | 13.24% | 12.31% | 11.89% | 10.93% | 10.31% | 8.87% | 7.1% | 6.13% | 6.16% | 5.52% | 7.04% | 6.49% | 6.35% | 5.81% | 7.14% | 6.28% | 5.75% | 5.54% | 7.27% | 6.63% |
| Selling, General & Admin | 23.95M | 21.07M | 21.25M | 23.4M | 23.26M | 13.48M | 22.33M | 22.77M | 21.54M | 10.37M | 19.32M | 19.48M | 17.92M | 9.12M | 14.67M | 12.65M | 12.39M | 7.62M | 11.98M | 12.02M |
| SG&A % of Revenue | 13.24% | 12.31% | 11.89% | 10.93% | 10.31% | 6.07% | 7.1% | 6.13% | 6.16% | 3.5% | 7.04% | 6.49% | 6.35% | 4.04% | 7.14% | 6.28% | 5.75% | 3.78% | 7.27% | 6.63% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 6.2M | 0 | 0 | 0 | 6M | 0 | 0 | 0 | 4M | 0 | 0 | 0 | 3.56M | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | 2.79% | - | - | - | 2.03% | - | - | - | 1.77% | - | - | - | 1.77% | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 1.73M | 5.46M | 4.08M | 11.18M | 10.68M | 13.78M | 19.7M | 28.3M | 22.7M | 22.27M | 23.55M | 20.45M | 12.49M | 12.41M | 8.51M | 5.72M | 2.95M | 4.42M | 5.85M | 8.57M |
| Operating Margin % | 0.96% | 3.19% | 2.29% | 5.22% | 4.73% | 6.21% | 6.27% | 7.62% | 6.49% | 7.52% | 8.58% | 6.81% | 4.43% | 5.49% | 4.14% | 2.84% | 1.37% | 2.19% | 3.55% | 4.73% |
| Operating Income Growth % | -83.78% | -60.36% | -79.26% | -60.49% | -52.93% | -38.14% | -16.35% | 38.42% | 81.7% | 79.51% | 176.83% | 257.31% | 322.92% | 180.79% | 45.44% | -33.23% | -38.2% | -70.16% | -32.08% | 11.89% |
| EBITDA | 1.73M | 9.26M | 7.6M | 14.9M | 14.34M | 17.21M | 23.36M | 31.77M | 26.21M | 25.84M | 26.87M | 23.66M | 15.64M | 15.54M | 11.51M | 8.55M | 5.75M | 7.33M | 8.64M | 11.46M |
| EBITDA Margin % | 0.96% | 5.41% | 4.25% | 6.96% | 6.36% | 7.76% | 7.43% | 8.55% | 7.49% | 8.72% | 9.79% | 7.88% | 5.54% | 6.88% | 5.6% | 4.24% | 2.67% | 3.63% | 5.24% | 6.33% |
| EBITDA Growth % | -87.92% | -46.23% | -67.48% | -53.09% | -45.28% | -33.38% | -13.05% | 34.27% | 67.55% | 66.23% | 133.41% | 176.65% | 172.16% | 112% | 33.26% | -25.4% | -20.4% | -58.09% | -21.01% | 14.68% |
| D&A (Non-Cash Add-back) | 0 | 3.79M | 3.51M | 3.72M | 3.66M | 3.44M | 3.66M | 3.46M | 3.51M | 3.56M | 3.32M | 3.21M | 3.15M | 3.13M | 3M | 2.83M | 2.79M | 2.91M | 2.79M | 2.89M |
| EBIT | 1.73M | 4.46M | 4.4M | 11.66M | 10.89M | 13.01M | 20.02M | 28.29M | 22.73M | 22.42M | 23.84M | 20.68M | 12.81M | 12.92M | 7.84M | 5.45M | 2.9M | 4.36M | 5.64M | 8.62M |
| Net Interest Income | -145K | -178K | -93K | -294K | -95K | -384K | -251K | -2.05M | -1.25M | -1.45M | -1.81M | -1.7M | -1.01M | -1.29M | -1.04M | -628K | -418K | -454K | -286K | -340K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 145K | 178K | 93K | 294K | 95K | 384K | 251K | 2.05M | 1.25M | 1.45M | 1.81M | 1.7M | 1.01M | 1.29M | 1.04M | 628K | 418K | 454K | 286K | 340K |
| Other Income/Expense | -130K | -428K | 219K | 185K | 107K | -1.15M | 70K | -2.06M | -1.21M | -1.3M | -1.52M | -1.47M | -694K | -779K | -1.71M | -903K | -470K | -518K | -492K | -292K |
| Pretax Income | 1.6M | 5.03M | 4.3M | 11.37M | 10.79M | 12.63M | 19.77M | 26.24M | 21.49M | 20.97M | 22.03M | 18.98M | 11.8M | 11.63M | 6.8M | 4.82M | 2.48M | 3.9M | 5.36M | 8.28M |
| Pretax Margin % | 0.89% | 2.94% | 2.41% | 5.31% | 4.78% | 5.69% | 6.29% | 7.07% | 6.14% | 7.08% | 8.02% | 6.32% | 4.18% | 5.15% | 3.31% | 2.39% | 1.15% | 1.93% | 3.25% | 4.57% |
| Income Tax | 1.05M | 1.62M | 1.22M | 2.91M | 2.73M | 2.1M | 4.34M | 5.73M | 4.46M | 4.28M | 4.57M | 4.06M | 2.58M | 2.34M | 1.57M | 1.06M | 419K | 1.19M | 1.51M | 1.76M |
| Effective Tax Rate % | 65.38% | 32.25% | 28.39% | 25.59% | 25.26% | 16.6% | 21.98% | 21.83% | 20.78% | 20.4% | 20.75% | 21.41% | 21.86% | 20.1% | 23.05% | 22.05% | 16.87% | 30.4% | 28.21% | 21.29% |
| Net Income | 555K | 3.41M | 3.08M | 8.46M | 8.06M | 10.53M | 15.43M | 20.51M | 17.02M | 16.7M | 17.46M | 14.91M | 9.22M | 9.29M | 5.23M | 3.76M | 2.06M | 2.71M | 3.85M | 6.52M |
| Net Margin % | 0.31% | 1.99% | 1.73% | 3.95% | 3.57% | 4.75% | 4.91% | 5.52% | 4.87% | 5.64% | 6.36% | 4.97% | 3.27% | 4.11% | 2.55% | 1.86% | 0.96% | 1.35% | 2.33% | 3.6% |
| Net Income Growth % | -93.12% | -67.62% | -80.02% | -58.77% | -52.62% | -36.92% | -11.65% | 37.54% | 84.63% | 79.67% | 233.7% | 296.99% | 346.49% | 242.25% | 36.04% | -42.34% | -35.02% | -77.41% | -41.31% | 11.84% |
| Net Income (Continuing) | 555K | 3.41M | 3.08M | 8.46M | 8.06M | 10.53M | 15.43M | 20.51M | 17.02M | 16.7M | 17.46M | 14.91M | 9.22M | 9.29M | 5.23M | 3.76M | 2.06M | 2.71M | 3.85M | 6.52M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.05 | 0.29 | 0.27 | 0.73 | 0.69 | 0.91 | 1.33 | 1.78 | 1.47 | 1.45 | 1.52 | 1.29 | 0.81 | 0.81 | 0.46 | 0.33 | 0.18 | 0.24 | 0.34 | 0.57 |
| EPS Growth % | -92.75% | -68.13% | -79.7% | -58.99% | -53.06% | -37.24% | -12.5% | 37.98% | 81.48% | 79.01% | 230.43% | 290.91% | 350% | 237.5% | 35.29% | -42.11% | -35.71% | -77.14% | -40.35% | 11.76% |
| EPS (Basic) | 0.05 | 0.30 | 0.27 | 0.74 | 0.70 | 0.92 | 1.35 | 1.79 | 1.49 | 1.46 | 1.53 | 1.30 | 0.81 | 0.81 | 0.46 | 0.33 | 0.18 | 0.24 | 0.34 | 0.57 |
| Diluted Shares Outstanding | 11.53M | 11.57M | 11.6M | 11.6M | 11.61M | 11.6M | 11.6M | 11.55M | 11.56M | 11.52M | 11.52M | 11.53M | 11.43M | 11.42M | 11.42M | 11.42M | 11.42M | 11.41M | 11.41M | 11.41M |
| Basic Shares Outstanding | 11.39M | 11.42M | 11.45M | 11.46M | 11.45M | 11.44M | 11.45M | 11.46M | 11.45M | 11.45M | 11.45M | 11.47M | 11.43M | 11.42M | 11.42M | 11.42M | 11.42M | 11.41M | 11.41M | 11.41M |
| Dividend Payout Ratio | 430.27% | 67.04% | 74.17% | 27.12% | 28.37% | 20.63% | 14.11% | 10.69% | 12.8% | 12.4% | 11.79% | 13.81% | 22.33% | 22.12% | 39.3% | 54.67% | 99.52% | 75.65% | 53.41% | 31.52% |