MILLERKNOLL, INC. MLKN

Industrials SIC 2520 - Office Furniture NAICS Manufacturing › Furniture and Related Product Manufacturing › Office Furniture (including Fixtures) Manufacturing derived Nasdaq

Last close 21.14 2026-10-23
Market cap $1.44B 2026-05-30 share count
52-week range 13.77 - 24.71

Valuation FY2025 figures against the last close

P/S0.4x
P/E16.0x
P/FCF18.6x
EV/EBITDA3.7x
Dividend yield3.5%
Diluted EPS1.32

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • North America Contract:
  • Global Retail:
  • International Contract:
Revenue by segment, 3 categories over 2 years. The same figures are in the table below. FY2025 North America Contract:, FY2025: 2.1B (53.7%) 54% North America Contract: Global Retail:, FY2025: 1.1B (28.8%) 29% Global Retail: International Contract:, FY2025: 674M (17.5%) 18% International Contract: FY2024 North America Contract:, FY2024: 2B (53.5%) 54% Global Retail:, FY2024: 1B (28.5%) 28% International Contract:, FY2024: 660M (18.0%) 18%
Segment FY2025FY2024
North America Contract: $2.06B $1.97B
Global Retail: $1.11B $1.04B
International Contract: $674.0M $660.0M

As the company reported it, from the “Operating Segments - Schedule of Segment Reporting Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2021FY2020FY2019FY2018FY2017FY2015FY2014
Revenue $3.84B$3.63B$4.09B$3.95B$2.47B$2.49B$2.38B$2.28B$2.26B$2.14B
Cost of revenue $2.35B$2.21B$2.66B$2.59B$1.51B$1.58B$1.51B$1.41B$1.39B$1.35B
Gross profit $1.49B$1.42B$1.43B$1.35B$951.1M$911.2M$873.0M$864.2M$874.2M$791.4M
R&D $100.3M$92.6M$105.7M$108.7M$72.1M$54.3M$57.1M$58.6M$62.4M$56.7M
SG&A $1.18B$1.11B$1.13B$1.20B$643.8M$643.3M$615.3M$587.5M$585.6M$543.9M
Total operating expenses $1.29B$1.25B$1.31B$1.31B$718.6M$949.1M$694.1M$673.1M$662.7M$628.0M
Operating income $198.3M$167.2M$122.3M$39.8M$232.5M-$37.9M$178.9M$191.1M$211.5M$163.4M
Interest expense $69.9M$76.2M$74.0M$37.8M$13.9M$12.5M$13.5M$15.2M$15.4M$17.5M
Pre-tax income $128.2M$99.7M$51.4M-$8.6M$228.3M-$12.9M$168.1M$177.6M$196.6M$145.2M
Income tax $32.4M$14.7M$4.5M$11.1M$48.3M$6.1M$42.4M$55.1M$59.5M$47.2M
Net income $91.5M$82.3M$42.1M-$27.1M$174.6M-$8.7M$128.1M$123.9M$136.7M$97.5M
EPS, basic 1.331.120.56-0.372.96-0.152.152.072.281.64
EPS, diluted 1.321.110.55-0.372.94-0.152.122.052.261.62
Shares, diluted (wtd. avg.) 69.3M74.0M76.0M73.2M59.4M58.9M60.3M60.6M60.5M60.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2021FY2020FY2019FY2018FY2017FY2015FY2014
Cash and equivalents $167.7M$193.7M$223.5M$230.3M$396.4M$454.0M$203.9M$96.2M$84.9M$63.7M
Short-term investments ———$0$7.7M$7.0M$8.6M$8.6M$7.5M$5.7M
Receivables $357.4M$350.2M$334.1M$348.9M$204.7M$180.0M$217.4M$186.6M$211.0M$189.6M
Inventory $488.4M$447.5M$487.4M$587.3M$228.6M$197.3M$162.4M$152.4M$128.2M$129.6M
Total current assets $1.14B$1.11B$1.18B$1.32B$906.5M$917.1M$645.4M$491.9M$480.5M$463.5M
Property, plant and equipment $511.3M$496.1M$536.3M$581.5M$327.2M$330.8M$331.4M$314.6M$280.1M$249.5M
Goodwill $1.16B$1.23B$1.22B$1.23B$364.2M$346.0M$304.1M$304.5M$305.3M$303.1M
Other intangibles $214.0M$247.5M$313.1M$362.4M$105.2M$112.4M$41.3M$45.4M$50.8M$52.3M
Total assets $4.00B$3.95B$4.27B$4.51B$2.08B$1.57B$1.48B$1.31B$1.24B$1.19B
Accounts payable $279.1M$271.3M$269.5M$355.1M$178.4M$128.8M$171.4M$148.4M$165.6M$164.7M
Short-term debt $25.1M$16.0M$33.4M$29.3M$2.2M$51.4M$10.8M$10.2M—$0
Total current liabilities $721.1M$703.8M$702.8M$877.4M$476.5M$470.2M$413.8M$385.7M$390.0M$363.4M
Long-term debt ——$1.37B$1.38B$274.9M$539.9M$275.0M$199.9M$221.9M$289.8M
Total liabilities $2.59B$2.62B$2.73B$2.98B$1.14B$1.36B$784.2M$694.0M$683.5M$742.0M
Retained earnings $704.0M$665.1M$676.1M$693.3M$819.3M$683.9M$598.3M$519.5M$435.3M$330.2M
Total equity $1.34B$1.39B$1.43B$1.43B$860.5M$652.4M$664.8M$587.7M$524.7M$420.3M

Cash flow

Fiscal year FY2025FY2024FY2023FY2021FY2020FY2019FY2018FY2017FY2015FY2014
Operating cash flow $199.9M$352.3M$162.9M-$11.9M$332.3M$221.8M$166.5M$202.1M$210.4M$167.7M
Depreciation and amortisation $148.3M$155.1M$155.1M$190.6M$87.2M$79.5M$66.9M$58.9M$53.0M$49.8M
Stock-based compensation $26.0M$20.7M$20.2M$31.4M$9.0M$2.7M$7.7M$8.7M$11.9M$10.0M
Capital expenditure $122.3M$78.4M$83.3M$94.7M$59.8M$69.0M$70.6M$87.3M$85.1M$63.6M
Investing cash flow -$115.6M-$86.3M-$76.5M-$1.17B-$59.9M-$168.1M-$62.7M-$116.3M-$80.8M-$213.6M
Financing cash flow -$117.0M-$258.8M-$86.8M$1.04B-$347.7M$244.0M$2.5M-$74.6M-$106.5M$6.8M
Dividends paid $51.1M$55.6M$57.1M$54.5M$34.5M$36.4M$42.4M$39.4M$34.9M$33.3M
Buybacks —$138.2M$16.0M$16.2M$900.0K$26.6M$46.5M$23.7M$14.1M$3.7M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000066382-26-000143.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B 6B Revenue, FY2014: 2.1B Gross profit, FY2014: 791.4M Net income, FY2014: 97.5M Revenue, FY2015: 2.3B Gross profit, FY2015: 874.2M Net income, FY2015: 136.7M Revenue, FY2017: 2.3B Gross profit, FY2017: 864.2M Net income, FY2017: 123.9M Revenue, FY2018: 2.4B Gross profit, FY2018: 873M Net income, FY2018: 128.1M Revenue, FY2019: 2.5B Gross profit, FY2019: 911.2M Net income, FY2019: -8.7M Revenue, FY2020: 2.5B Gross profit, FY2020: 951.1M Net income, FY2020: 174.6M Revenue, FY2021: 3.9B Gross profit, FY2021: 1.4B Net income, FY2021: -27.1M Revenue, FY2023: 4.1B Gross profit, FY2023: 1.4B Net income, FY2023: 42.1M Revenue, FY2024: 3.6B Gross profit, FY2024: 1.4B Net income, FY2024: 82.3M Revenue, FY2025: 3.8B Gross profit, FY2025: 1.5B Net income, FY2025: 91.5M FY2014 FY2015 FY2017 FY2018 FY2019 FY2020 FY2021 FY2023 FY2024 FY2025
Fiscal year FY2014FY2015FY2017FY2018FY2019FY2020FY2021FY2023FY2024FY2025
Revenue $2.14B $2.26B $2.28B $2.38B $2.49B $2.47B $3.95B $4.09B $3.63B $3.84B
Gross profit $791.4M $874.2M $864.2M $873.0M $911.2M $951.1M $1.35B $1.43B $1.42B $1.49B
Net income $97.5M $136.7M $123.9M $128.1M -$8.7M $174.6M -$27.1M $42.1M $82.3M $91.5M

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.