NASDAQ : MLKN
MillerKnoll, Inc. — Financial statements
Consumer Discretionary · Furnishings, Fixtures & Appliances · United States
Last price 21.33 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.47B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
MillerKnoll, Inc. (MLKN) reported revenue of 3.81B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 3.81B | 3.84B | 3.67B | 3.63B | 4.09B | 3.95B |
| Cost of Revenue | 2.30B | 2.35B | 2.25B | 2.21B | 2.66B | 2.59B |
| Gross Profit | 1.51B | 1.49B | 1.42B | 1.42B | 1.43B | 1.35B |
| Selling, General & Admin | 1.19B | 1.18B | 1.09B | 1.08B | 1.11B | 1.17B |
| Research & Development | 105.00M | 100.30M | 93.80M | 92.60M | 105.70M | 108.70M |
| Operating Expenses | 1.29B | 1.28B | 1.18B | 1.18B | 1.21B | 1.28B |
| Operating Income | 216.30M | 211.80M | 242.50M | 243.80M | 215.90M | 69.80M |
| Interest Expense | -69.50M | -70.10M | -84.50M | -76.20M | -74.00M | -37.80M |
| Interest & Investment Income | 3.90M | 4.10M | 5.40M | 6.10M | 2.80M | 1.60M |
| Earnings From Equity Investments | -100.00K | -100.00K | 300.00K | -400.00K | -800.00K | |
| Currency Exchange Gain (Loss) | -900.00K | -900.00K | -6.10M | -3.00M | -4.80M | -3.30M |
| Other Non Operating Income (Expenses) | 4.60M | 4.80M | 11.30M | 5.60M | 5.10M | -8.90M |
| EBT Excluding Unusual Items | 154.30M | 149.60M | 168.90M | 175.90M | 144.20M | 21.40M |
| Merger & Restructuring Charges | -19.50M | -13.50M | -43.10M | -54.30M | -73.90M | -30.00M |
| Impairment of Goodwill | -92.30M | |||||
| Asset Writedown | -55.10M | -22.30M | -19.70M | |||
| Other Unusual Items | -200.00K | -8.00M | ||||
| Pretax Income | 134.60M | 128.10M | -21.60M | 99.30M | 50.60M | -8.60M |
| Income Tax Expense | 32.40M | 32.40M | 11.60M | 14.70M | 4.50M | 11.10M |
| Earnings From Continuing Operations | 102.20M | 95.70M | -33.20M | 84.60M | 46.10M | -19.70M |
| Minority Interest in Earnings | -4.30M | -4.20M | -3.70M | -2.30M | -4.00M | -7.40M |
| Net Income | 97.90M | 91.50M | -36.90M | 82.30M | 42.10M | -27.10M |
| Net Income to Common | 97.90M | 91.50M | -36.90M | 82.30M | 42.10M | -27.10M |
| Shares Outstanding (Basic) | 68.93M | 68.74M | 68.98M | 73.29M | 75.48M | 73.16M |
| Shares Outstanding (Diluted) | 69.53M | 69.32M | 68.98M | 73.95M | 76.02M | 73.16M |
| EPS (Basic) | 1.42 | 1.33 | -0.53 | 1.12 | 0.56 | -0.37 |
| EPS (Diluted) | 1.41 | 1.32 | -0.54 | 1.11 | 0.55 | -0.37 |
| Free Cash Flow | 115.50M | 77.60M | 101.70M | 273.90M | 79.60M | -106.60M |
| Free Cash Flow Per Share | 1.66 | 1.12 | 1.47 | 3.70 | 1.05 | -1.46 |
| Dividend Per Share | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 |
| Gross Margin | 39.59% | 38.80% | 38.76% | 39.12% | 34.99% | 34.28% |
| Operating Margin | 5.68% | 5.51% | 6.61% | 6.72% | 5.28% | 1.77% |
| Profit Margin | 2.57% | 2.38% | -1.00% | 2.27% | 1.03% | -0.69% |
| Free Cash Flow Margin | 3.03% | 2.02% | 2.77% | 7.55% | 1.95% | -2.70% |
| EBITDA | 359.00M | 355.40M | 383.00M | 398.90M | 371.00M | 260.40M |
| EBITDA Margin | 9.42% | 9.25% | 10.44% | 10.99% | 9.08% | 6.60% |
| D&A For EBITDA | 142.70M | 143.60M | 140.50M | 155.10M | 155.10M | 190.60M |
| EBIT | 216.30M | 211.80M | 242.50M | 243.80M | 215.90M | 69.80M |
| EBIT Margin | 5.68% | 5.51% | 6.61% | 6.72% | 5.28% | 1.77% |
| Effective Tax Rate | 24.07% | 25.29% | 14.80% | 8.89% |
Balance sheet
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 178.60M | 167.70M | 193.70M | 230.40M | 223.50M | 230.30M |
| Cash & Short-Term Investments | 178.60M | 167.70M | 193.70M | 230.40M | 223.50M | 230.30M |
| Receivables | 344.40M | 375.70M | 377.10M | 330.50M | 363.50M | 380.90M |
| Inventory | 514.70M | 488.40M | 447.50M | 428.60M | 487.40M | 587.30M |
| Prepaid Expenses | 86.00M | 88.70M | 74.60M | 66.50M | 92.70M | 112.10M |
| Other Current Assets | 16.30M | 16.70M | 15.80M | 13.60M | 9.10M | 7.30M |
| Total Current Assets | 1.14B | 1.14B | 1.11B | 1.07B | 1.18B | 1.32B |
| Property, Plant & Equipment | 966.60M | 957.20M | 907.30M | 867.60M | 952.20M | 1.01B |
| Long-Term Investments | 16.80M | 16.70M | 28.10M | 63.90M | 68.40M | 41.80M |
| Goodwill | 1.16B | 1.16B | 1.15B | 1.23B | 1.22B | 1.23B |
| Other Intangible Assets | 639.80M | 649.30M | 680.00M | 744.80M | 793.80M | 863.40M |
| Other Long-Term Assets | 80.30M | 78.80M | 73.70M | 71.40M | 62.50M | 57.40M |
| Total Assets | 4.00B | 4.00B | 3.95B | 4.04B | 4.27B | 4.51B |
| Accounts Payable | 253.50M | 279.10M | 271.30M | 241.40M | 269.50M | 355.10M |
| Accrued Expenses | 215.80M | 227.80M | 225.00M | 227.40M | 206.40M | 268.00M |
| Short-Term Debt | 2.70M | 1.80M | 2.00M | 2.00M | 2.10M | 3.10M |
| Current Portion of Long-Term Debt | 25.70M | 23.30M | 14.00M | 41.50M | 31.30M | 26.20M |
| Current Portion of Leases | 81.70M | 82.00M | 72.00M | 67.20M | 77.10M | 79.90M |
| Current Unearned Revenue | 95.10M | 89.70M | 102.50M | 100.20M | 93.80M | 125.30M |
| Other Current Liabilities | 17.80M | 17.40M | 17.00M | 18.00M | 22.60M | 19.80M |
| Total Current Liabilities | 692.30M | 721.10M | 703.80M | 697.70M | 702.80M | 877.40M |
| Long-Term Debt | 1.27B | 1.26B | 1.31B | 1.29B | 1.37B | 1.38B |
| Long-Term Leases | 441.00M | 434.70M | 414.50M | 361.80M | 393.70M | 398.20M |
| Pension & Post-Retirement Benefits | 6.90M | 7.00M | 7.10M | 10.00M | 7.50M | 25.00M |
| Other Long-Term Liabilities | 173.10M | 171.60M | 178.20M | 224.80M | 262.50M | 300.20M |
| Total Liabilities | 2.58B | 2.59B | 2.62B | 2.58B | 2.73B | 2.98B |
| Common Stock | 13.70M | 13.60M | 13.60M | 14.10M | 15.10M | 15.20M |
| Additional Paid-In Capital | 697.50M | 694.30M | 679.10M | 725.30M | 836.50M | 825.70M |
| Retained Earnings | 717.70M | 704.00M | 665.10M | 738.40M | 676.10M | 693.30M |
| Comprehensive Income & Other | -72.70M | -69.30M | -82.00M | -92.70M | -95.10M | -107.10M |
| Total Common Equity | 1.36B | 1.34B | 1.28B | 1.39B | 1.43B | 1.43B |
| Minority Interest | 63.80M | 63.30M | 59.30M | 73.90M | 107.60M | 106.90M |
| Shareholders' Equity | 1.42B | 1.41B | 1.34B | 1.46B | 1.54B | 1.53B |
| Total Liabilities & Equity | 4.00B | 4.00B | 3.95B | 4.04B | 4.27B | 4.51B |
| Total Debt | 1.82B | 1.80B | 1.81B | 1.76B | 1.87B | 1.89B |
| Net Cash (Debt) | -1.64B | -1.63B | -1.62B | -1.53B | -1.65B | -1.66B |
| Net Cash Per Share | -23.62 | -23.58 | -23.49 | -20.72 | -21.69 | -22.64 |
| Filing Date Shares Outstanding | 68.80M | 68.12M | 67.81M | 69.83M | 75.70M | 75.84M |
| Total Common Shares Outstanding | 68.78M | 68.18M | 67.80M | 70.38M | 75.70M | 75.82M |
| Working Capital | 447.70M | 416.10M | 404.90M | 371.90M | 473.40M | 440.50M |
| Book Value Per Share | 19.72 | 19.69 | 18.82 | 19.68 | 18.93 | 18.82 |
| Tangible Book Value | -443.00M | -468.00M | -556.60M | -586.00M | -582.90M | -662.50M |
| Tangible Book Value Per Share | -6.44 | -6.86 | -8.21 | -8.33 | -7.70 | -8.74 |
| Land | 56.60M | 56.30M | 55.00M | 55.10M | 54.40M | |
| Buildings | 456.20M | 407.20M | 403.00M | 393.50M | 377.20M | |
| Machinery | 1.15B | 1.11B | 1.07B | 1.07B | 1.03B | |
| Construction In Progress | 69.30M | 68.00M | 55.10M | 55.50M | 51.10M | |
| Order Backlog | 678.80M | 761.30M |
Cash flow statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 97.90M | 91.50M | -36.90M | 82.30M | 42.10M | -27.10M |
| Depreciation & Amortization | 142.70M | 143.60M | 140.50M | 155.10M | 155.10M | 190.60M |
| Other Amortization | 2.50M | 2.70M | 4.60M | 4.60M | 4.60M | 4.20M |
| Loss (Gain) From Sale of Assets | -1.00M | |||||
| Asset Writedown & Restructuring Costs | 7.70M | 6.60M | 144.80M | 47.60M | 91.90M | 15.50M |
| Stock-Based Compensation | 24.80M | 26.00M | 31.80M | 20.70M | 20.20M | 31.40M |
| Provision & Write-off of Bad Debts | 1.60M | 1.60M | 5.10M | 3.30M | ||
| Other Operating Activities | -15.70M | -9.60M | -35.60M | -44.70M | -60.40M | -25.80M |
| Change in Accounts Receivable | 1.20M | 1.20M | -41.90M | 35.20M | 15.60M | -92.40M |
| Change in Inventory | -37.50M | -37.50M | -16.90M | 59.00M | 81.50M | -166.40M |
| Change in Accounts Payable | 1.70M | 1.70M | 26.70M | -28.90M | -82.50M | 51.50M |
| Change in Other Net Operating Assets | 12.70M | -27.90M | -12.90M | 18.10M | -105.20M | 7.60M |
| Operating Cash Flow | 239.60M | 199.90M | 209.30M | 352.30M | 162.90M | -11.90M |
| Capital Expenditures | -124.10M | -122.30M | -107.60M | -78.40M | -83.30M | -94.70M |
| Sale of Property, Plant & Equipment | 200.00K | 200.00K | 6.50M | 300.00K | 2.80M | |
| Cash Acquisitions | -1.09B | |||||
| Investment in Securities | 3.50M | 7.70M | ||||
| Other Investing Activities | 6.70M | 6.50M | 200.00K | -11.40M | 6.50M | 300.00K |
| Investing Cash Flow | -117.20M | -115.60M | -100.90M | -86.30M | -76.50M | -1.17B |
| Long-Term Debt Issued | 1.78B | 1.22B | 833.20M | 929.90M | 2.03B | |
| Long-Term Debt Repaid | -1.83B | -1.24B | -901.20M | -942.50M | -901.60M | |
| Net Debt Issued (Repaid) | -46.40M | -48.20M | -14.30M | -68.00M | -12.60M | 1.13B |
| Issuance of Common Stock | 8.20M | 4.50M | 6.00M | 5.90M | 5.50M | 7.50M |
| Repurchase of Common Stock | -18.60M | -16.30M | -84.90M | -138.20M | -16.00M | -16.20M |
| Common Dividends Paid | -51.20M | -51.10M | -51.70M | -55.60M | -57.10M | -54.50M |
| Other Financing Activities | -4.60M | -5.90M | -5.40M | -2.90M | -6.60M | -28.80M |
| Financing Cash Flow | -112.60M | -117.00M | -150.30M | -258.80M | -86.80M | 1.04B |
| Foreign Exchange Rate Adjustments | 1.60M | 6.70M | 5.20M | -300.00K | -6.40M | -21.70M |
| Net Cash Flow | 11.40M | -26.00M | -36.70M | 6.90M | -6.80M | -166.10M |
| Free Cash Flow | 115.50M | 77.60M | 101.70M | 273.90M | 79.60M | -106.60M |
| Free Cash Flow Margin | 3.03% | 2.02% | 2.77% | 7.55% | 1.95% | -2.70% |
| Free Cash Flow Per Share | 1.66 | 1.12 | 1.47 | 3.70 | 1.05 | -1.46 |
| Levered Free Cash Flow | 121.15M | 82.26M | 121.05M | 314.95M | 144.29M | -95.00M |
| Unlevered Free Cash Flow | 162.09M | 123.38M | 169.26M | 357.98M | 185.94M | -75.58M |
| Cash Interest Paid | 62.90M | 62.90M | 69.10M | 70.60M | 70.60M | 28.80M |
| Cash Income Tax Paid | 53.70M | 53.70M | 51.30M | 28.10M | 34.80M | 36.90M |
| Change in Working Capital | -21.90M | -62.50M | -45.00M | 83.40M | -90.60M | -199.70M |
Ratios
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.48B | 1.11B | 1.14B | 1.98B | 1.08B | 2.32B |
| Enterprise Value | 3.12B | 2.78B | 2.84B | 3.62B | 2.86B | 4.03B |
| Last Close Price | 21.49 | 16.05 | 16.06 | 25.39 | 12.72 | 26.36 |
| PE Ratio | 15.24 | 12.09 | 24.01 | 25.58 | ||
| Forward PE | 11.18 | 8.33 | 9.51 | 12.92 | 8.25 | 12.32 |
| PS Ratio | 0.39 | 0.29 | 0.31 | 0.55 | 0.26 | 0.59 |
| PB Ratio | 1.09 | 0.79 | 0.86 | 1.35 | 0.70 | 1.51 |
| P/FCF Ratio | 12.80 | 14.26 | 11.24 | 7.21 | 13.53 | |
| P/OCF Ratio | 6.17 | 5.53 | 5.46 | 5.61 | 6.61 | |
| PEG Ratio | 0.93 | 0.69 | 0.79 | 0.61 | 0.39 | 0.62 |
| EV/Sales Ratio | 0.82 | 0.72 | 0.77 | 1.00 | 0.70 | 1.02 |
| EV/EBITDA Ratio | 8.69 | 7.83 | 7.41 | 9.07 | 7.72 | 15.48 |
| EV/EBIT Ratio | 14.43 | 13.13 | 11.70 | 14.84 | 13.27 | 57.77 |
| EV/FCF Ratio | 27.02 | 35.85 | 27.89 | 13.21 | 35.99 | |
| Debt / Equity Ratio | 1.28 | 1.28 | 1.36 | 1.21 | 1.22 | 1.23 |
| Debt / EBITDA Ratio | 3.81 | 3.81 | 3.66 | 3.42 | 3.79 | 5.09 |
| Debt / FCF Ratio | 15.76 | 23.22 | 17.84 | 6.44 | 23.52 | |
| Net Debt / Equity Ratio | 1.16 | 1.16 | 1.21 | 1.05 | 1.07 | 1.08 |
| Net Debt / EBITDA Ratio | 4.57 | 4.60 | 4.23 | 3.84 | 4.44 | 6.36 |
| Net Debt / FCF Ratio | 14.22 | 21.06 | 15.93 | 5.59 | 20.71 | -15.54 |
| Asset Turnover | 0.96 | 0.97 | 0.92 | 0.87 | 0.93 | 1.20 |
| Inventory Turnover | 4.69 | 5.03 | 5.13 | 4.82 | 4.95 | 6.36 |
| Quick Ratio | 0.76 | 0.75 | 0.81 | 0.80 | 0.83 | 0.70 |
| Current Ratio | 1.65 | 1.58 | 1.57 | 1.53 | 1.67 | 1.50 |
| Return on Equity (ROE) | 7.35% | 6.98% | -2.38% | 5.64% | 3.00% | -1.59% |
| Return on Assets (ROA) | 3.40% | 3.33% | 3.79% | 3.66% | 3.07% | 1.32% |
| Return on Invested Capital (ROIC) | 5.38% | 5.28% | 8.16% | 6.72% | 6.17% | 3.26% |
| Return on Capital Employed (ROCE) | 6.50% | 6.50% | 7.50% | 7.30% | 6.00% | 1.90% |
| Earnings Yield | 6.56% | 8.27% | -3.23% | 4.17% | 3.91% | -1.17% |
| FCF Yield | 7.81% | 7.01% | 8.90% | 13.86% | 7.39% | -4.59% |
| Dividend Yield | 3.49% | 4.62% | 4.45% | 2.67% | 5.27% | 2.45% |
| Payout Ratio | 53.19% | 55.85% | 67.56% | 135.63% | ||
| Buyback Yield / Dilution | -1.43% | -0.50% | 6.73% | 2.72% | -3.91% | -23.19% |
| Total Shareholder Return | 2.06% | 4.12% | 11.18% | 5.39% | 1.36% | -20.74% |