NYSE : MLR
Miller Industries, Inc. — Financial statements
Consumer Discretionary · Auto Parts · United States
Last price 50.83 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 577.03M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Miller Industries, Inc. (MLR) reported revenue of 771.44M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 771.44M | 790.27M | 1.26B | 1.15B | 848.46M | 717.48M |
| Cost of Revenue | 657.96M | 669.88M | 1.09B | 1.00B | 766.04M | 647.62M |
| Gross Profit | 113.48M | 120.39M | 170.81M | 151.85M | 82.42M | 69.85M |
| Selling, General & Admin | 91.44M | 88.98M | 86.32M | 73.09M | 52.83M | 46.23M |
| Operating Expenses | 91.44M | 88.98M | 86.32M | 73.09M | 52.83M | 46.23M |
| Operating Income | 22.04M | 31.41M | 84.48M | 78.77M | 29.59M | 23.62M |
| Interest Expense | -4.36M | -7.06M | -9.83M | -5.97M | -3.38M | -1.35M |
| Interest & Investment Income | 3.59M | 6.40M | 5.90M | |||
| Currency Exchange Gain (Loss) | -800.00K | 200.00K | -600.00K | |||
| Other Non Operating Income (Expenses) | 162.00K | 168.00K | 303.00K | 740.00K | -534.00K | -536.00K |
| EBT Excluding Unusual Items | 20.63M | 31.12M | 80.26M | 73.53M | 25.68M | 21.73M |
| Gain (Loss) on Sale of Assets | 377.00K | 377.00K | -128.00K | 251.00K | 53.00K | 38.00K |
| Pretax Income | 21.01M | 31.49M | 80.13M | 73.78M | 25.73M | 21.77M |
| Income Tax Expense | 6.69M | 8.48M | 16.64M | 15.49M | 5.39M | 5.51M |
| Net Income | 14.31M | 23.01M | 63.49M | 58.29M | 20.35M | 16.25M |
| Net Income to Common | 14.31M | 23.01M | 63.49M | 58.29M | 20.35M | 16.25M |
| Shares Outstanding (Basic) | 11.41M | 11.45M | 11.45M | 11.44M | 11.42M | 11.41M |
| Shares Outstanding (Diluted) | 11.57M | 11.61M | 11.60M | 11.51M | 11.42M | 11.41M |
| EPS (Basic) | 1.25 | 2.01 | 5.55 | 5.10 | 1.78 | 1.42 |
| EPS (Diluted) | 1.24 | 1.98 | 5.47 | 5.07 | 1.78 | 1.42 |
| Free Cash Flow | 112.73M | 85.01M | 1.52M | -1.13M | -48.09M | 6.12M |
| Free Cash Flow Per Share | 9.74 | 7.32 | 0.13 | -0.10 | -4.21 | 0.54 |
| Dividend Per Share | 0.82 | 0.80 | 0.76 | 0.72 | 0.72 | 0.72 |
| Gross Margin | 14.71% | 15.23% | 13.58% | 13.17% | 9.71% | 9.74% |
| Operating Margin | 2.86% | 3.97% | 6.72% | 6.83% | 3.49% | 3.29% |
| Profit Margin | 1.85% | 2.91% | 5.05% | 5.05% | 2.40% | 2.27% |
| Free Cash Flow Margin | 14.61% | 10.76% | 0.12% | -0.10% | -5.67% | 0.85% |
| EBITDA | 37.55M | 46.09M | 98.55M | 92.01M | 41.35M | 34.66M |
| EBITDA Margin | 4.87% | 5.83% | 7.84% | 7.98% | 4.87% | 4.83% |
| D&A For EBITDA | 15.51M | 14.69M | 14.07M | 13.24M | 11.76M | 11.04M |
| EBIT | 22.04M | 31.41M | 84.48M | 78.77M | 29.59M | 23.62M |
| EBIT Margin | 2.86% | 3.97% | 6.72% | 6.83% | 3.49% | 3.29% |
| Effective Tax Rate | 31.86% | 26.93% | 20.76% | 21.00% | 20.93% | 25.32% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 55.63M | 44.68M | 24.34M | 29.91M | 40.15M | 54.33M |
| Cash & Short-Term Investments | 55.63M | 44.68M | 24.34M | 29.91M | 40.15M | 54.33M |
| Receivables | 224.98M | 198.26M | 313.41M | 286.14M | 177.66M | 153.98M |
| Inventory | 157.31M | 184.23M | 186.17M | 189.81M | 153.66M | 114.91M |
| Prepaid Expenses | 15.77M | 12.41M | 5.85M | 4.62M | 4.58M | 5.75M |
| Total Current Assets | 453.70M | 439.58M | 529.77M | 510.47M | 376.05M | 328.97M |
| Property, Plant & Equipment | 130.52M | 124.08M | 116.52M | 115.90M | 113.05M | 96.52M |
| Goodwill | 20.26M | 20.07M | 20.00M | 20.02M | 11.62M | 11.62M |
| Other Long-Term Assets | 4.58M | 5.93M | 727.00K | 819.00K | 708.00K | 533.00K |
| Total Assets | 609.05M | 589.67M | 667.01M | 647.21M | 501.43M | 437.64M |
| Accounts Payable | 127.39M | 78.55M | 145.85M | 191.78M | 125.50M | 121.75M |
| Accrued Expenses | 54.26M | 44.89M | 43.78M | 32.08M | 22.08M | 19.70M |
| Current Portion of Long-Term Debt | 2.15M | 2.25M | ||||
| Current Portion of Leases | 745.00K | 176.00K | 318.00K | 320.00K | 311.00K | 376.00K |
| Current Income Taxes Payable | 1.82M | 2.00M | 2.09M | |||
| Current Unearned Revenue | 7.03M | 4.41M | 5.90M | 4.16M | ||
| Other Current Liabilities | 3.68M | 3.51M | 2.81M | 2.10M | 3.08M | |
| Total Current Liabilities | 184.53M | 136.57M | 197.87M | 234.71M | 156.15M | 146.99M |
| Long-Term Debt | 1.02M | 31.05M | 65.00M | 60.00M | 45.00M | |
| Long-Term Leases | 1.80M | 100.00K | 227.00K | 506.00K | 597.00K | 870.00K |
| Long-Term Deferred Tax Liabilities | 1.60M | 1.37M | 2.88M | 4.07M | 6.23M | 5.17M |
| Total Liabilities | 188.96M | 169.10M | 265.99M | 299.29M | 207.97M | 153.03M |
| Common Stock | 114.00K | 114.00K | 114.00K | 114.00K | 114.00K | 114.00K |
| Additional Paid-In Capital | 149.74M | 153.05M | 153.70M | 153.57M | 152.39M | 151.45M |
| Retained Earnings | 271.84M | 268.80M | 254.94M | 200.16M | 150.12M | 138.00M |
| Comprehensive Income & Other | -1.59M | -1.39M | -7.73M | -5.93M | -9.17M | -4.95M |
| Shareholders' Equity | 420.09M | 420.57M | 401.03M | 347.92M | 293.46M | 284.62M |
| Total Liabilities & Equity | 609.05M | 589.67M | 667.01M | 647.21M | 501.43M | 437.64M |
| Total Debt | 5.71M | 33.58M | 65.55M | 60.83M | 45.91M | 1.25M |
| Net Cash (Debt) | 49.92M | 11.11M | -41.21M | -30.92M | -5.75M | 53.09M |
| Net Cash Per Share | 4.31 | 0.96 | -3.55 | -2.69 | -0.50 | 4.65 |
| Filing Date Shares Outstanding | 11.35M | 11.37M | 11.44M | 11.45M | 11.42M | 11.42M |
| Total Common Shares Outstanding | 11.35M | 11.37M | 11.44M | 11.45M | 11.42M | 11.41M |
| Working Capital | 269.17M | 303.01M | 331.89M | 275.76M | 219.90M | 181.98M |
| Book Value Per Share | 37.01 | 36.98 | 35.06 | 30.40 | 25.70 | 24.94 |
| Tangible Book Value | 399.83M | 400.50M | 381.03M | 327.90M | 281.84M | 273.00M |
| Tangible Book Value Per Share | 35.22 | 35.22 | 33.31 | 28.65 | 24.69 | 23.92 |
| Land | 32.19M | 31.71M | 22.58M | 19.60M | 16.86M | 15.49M |
| Buildings | 104.28M | 95.20M | 85.99M | 86.35M | 83.22M | 78.14M |
| Machinery | 107.95M | 110.25M | 108.01M | 99.81M | 91.41M | 71.34M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 14.31M | 23.01M | 63.49M | 58.29M | 20.35M | 16.25M |
| Depreciation & Amortization | 15.51M | 14.69M | 14.07M | 13.24M | 11.76M | 11.04M |
| Loss (Gain) From Sale of Assets | -202.00K | -377.00K | 128.00K | -251.00K | -53.00K | -38.00K |
| Stock-Based Compensation | 3.59M | 5.33M | 3.03M | 1.18M | 943.00K | 200.00K |
| Provision & Write-off of Bad Debts | -120.00K | -111.00K | 325.00K | 203.00K | 174.00K | -137.00K |
| Other Operating Activities | -2.75M | -1.51M | -1.17M | -2.18M | 1.06M | 1.01M |
| Change in Accounts Receivable | 50.15M | 121.72M | -28.15M | -105.60M | -24.34M | -12.72M |
| Change in Inventory | 21.54M | 18.91M | 2.18M | -30.42M | -40.75M | -32.07M |
| Change in Accounts Payable | 24.91M | -73.26M | -45.43M | 64.94M | 4.49M | 33.94M |
| Change in Income Taxes | 1.09M | 1.01M | -317.00K | 451.00K | 929.00K | -118.00K |
| Change in Other Net Operating Assets | 3.70M | -10.69M | 8.71M | 11.11M | 6.29M | -2.09M |
| Operating Cash Flow | 131.74M | 98.72M | 16.87M | 10.96M | -19.16M | 15.27M |
| Capital Expenditures | -19.02M | -13.71M | -15.35M | -12.10M | -28.94M | -9.15M |
| Sale of Property, Plant & Equipment | 1.54M | 1.54M | 59.00K | 398.00K | 8.00K | 91.00K |
| Cash Acquisitions | -18.61M | -18.61M | 24.00K | -17.38M | ||
| Investing Cash Flow | -36.09M | -30.78M | -15.27M | -29.07M | -28.93M | -9.06M |
| Long-Term Debt Issued | 5.00M | 15.00M | 45.00M | |||
| Long-Term Debt Repaid | -35.61M | -15.00K | -22.00K | |||
| Net Debt Issued (Repaid) | -55.61M | -35.61M | 5.00M | 15.00M | 44.98M | -22.00K |
| Repurchase of Common Stock | -8.03M | -5.99M | -2.90M | |||
| Common Dividends Paid | -9.36M | -9.15M | -8.72M | -8.25M | -8.22M | -8.22M |
| Financing Cash Flow | -73.00M | -50.75M | -6.62M | 6.75M | 36.77M | -8.24M |
| Foreign Exchange Rate Adjustments | 1.16M | 3.16M | -554.00K | 1.12M | -2.86M | -1.16M |
| Net Cash Flow | 23.81M | 20.34M | -5.57M | -10.24M | -14.18M | -3.19M |
| Free Cash Flow | 112.73M | 85.01M | 1.52M | -1.13M | -48.09M | 6.12M |
| Free Cash Flow Margin | 14.61% | 10.76% | 0.12% | -0.10% | -5.67% | 0.85% |
| Free Cash Flow Per Share | 9.74 | 7.32 | 0.13 | -0.10 | -4.21 | 0.54 |
| Levered Free Cash Flow | 102.26M | 68.65M | -13.30M | -18.28M | -51.89M | 6.42M |
| Unlevered Free Cash Flow | 104.99M | 73.06M | -7.16M | -14.55M | -49.78M | 7.26M |
| Cash Interest Paid | 4.29M | 7.05M | 9.71M | 8.09M | 3.33M | 1.57M |
| Cash Income Tax Paid | 8.30M | 7.50M | 23.70M | 18.05M | 1.81M | 5.89M |
| Change in Working Capital | 101.41M | 57.70M | -63.01M | -59.52M | -53.39M | -13.06M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 577.03M | 427.19M | 747.67M | 484.04M | 304.37M | 381.12M |
| Enterprise Value | 527.11M | 434.15M | 772.67M | 517.89M | 317.11M | 331.96M |
| Last Close Price | 50.83 | 36.89 | 63.30 | 40.43 | 24.99 | 30.45 |
| PE Ratio | 41.00 | 18.56 | 11.78 | 8.30 | 14.96 | 23.45 |
| Forward PE | 18.55 | 16.46 | 11.17 | 13.59 | 13.59 | 13.59 |
| PS Ratio | 0.75 | 0.54 | 0.59 | 0.42 | 0.36 | 0.53 |
| PB Ratio | 1.37 | 1.02 | 1.86 | 1.39 | 1.04 | 1.34 |
| P/TBV Ratio | 1.44 | 1.07 | 1.96 | 1.48 | 1.08 | 1.40 |
| P/FCF Ratio | 5.12 | 5.03 | 492.54 | 62.30 | ||
| P/OCF Ratio | 4.38 | 4.33 | 44.32 | 44.15 | 24.96 | |
| PEG Ratio | 0.95 | 16.63 | 0.68 | |||
| EV/Sales Ratio | 0.68 | 0.55 | 0.61 | 0.45 | 0.37 | 0.46 |
| EV/EBITDA Ratio | 14.04 | 9.42 | 7.84 | 5.63 | 7.67 | 9.58 |
| EV/EBIT Ratio | 23.92 | 13.82 | 9.15 | 6.58 | 10.72 | 14.05 |
| EV/FCF Ratio | 4.68 | 5.11 | 509.00 | 54.26 | ||
| Debt / Equity Ratio | 0.01 | 0.08 | 0.16 | 0.17 | 0.16 | 0.00 |
| Debt / EBITDA Ratio | 0.15 | 0.71 | 0.66 | 0.66 | 1.08 | 0.04 |
| Debt / FCF Ratio | 0.05 | 0.40 | 43.18 | 0.20 | ||
| Net Debt / Equity Ratio | -0.12 | -0.03 | 0.10 | 0.09 | 0.02 | -0.19 |
| Net Debt / EBITDA Ratio | -1.33 | -0.24 | 0.42 | 0.34 | 0.14 | -1.53 |
| Net Debt / FCF Ratio | -0.44 | -0.13 | 27.15 | -27.26 | -0.12 | -8.68 |
| Asset Turnover | 1.25 | 1.26 | 1.91 | 2.01 | 1.81 | 1.72 |
| Inventory Turnover | 4.08 | 3.62 | 5.78 | 5.83 | 5.71 | 6.51 |
| Quick Ratio | 1.52 | 1.78 | 1.71 | 1.35 | 1.40 | 1.42 |
| Current Ratio | 2.46 | 3.22 | 2.68 | 2.17 | 2.41 | 2.24 |
| Return on Equity (ROE) | 3.41% | 5.60% | 16.96% | 18.18% | 7.04% | 5.73% |
| Return on Assets (ROA) | 2.24% | 3.12% | 8.04% | 8.57% | 3.94% | 3.53% |
| Return on Invested Capital (ROIC) | 3.95% | 5.39% | 16.31% | 18.36% | 8.82% | 7.70% |
| Return on Capital Employed (ROCE) | 5.20% | 6.90% | 18.00% | 19.10% | 8.60% | 8.10% |
| Earnings Yield | 2.44% | 5.39% | 8.49% | 12.04% | 6.69% | 4.26% |
| FCF Yield | 19.54% | 19.90% | 0.20% | -0.23% | -15.80% | 1.60% |
| Dividend Yield | 1.65% | 2.13% | 1.16% | 1.70% | 2.70% | 2.16% |
| Payout Ratio | 67.76% | 39.78% | 13.73% | 14.15% | 40.40% | 50.54% |
| Buyback Yield / Dilution | 0.62% | -0.11% | -0.82% | -0.79% | -0.05% | -0.05% |
| Total Shareholder Return | 2.27% | 2.02% | 0.34% | 0.91% | 2.65% | 2.11% |