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MillerKnoll, Inc.

MLKNConsumer CyclicalNASDAQ

Furnishings, Fixtures & Appliances

PriceMA150MA200
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Financials · Annual
Revenue
$3.67B
+1.1% YoY
Net Income
-$36.9M
-144.8% YoY
EBITDA
$195.3M
-41.0% YoY
Free Cash Flow
$195.3M

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About MillerKnoll, Inc.

MillerKnoll, Inc. researches, designs, manufactures, sells, and distributes interior furnishings worldwide. With a market capitalization of $1.11B, it sits in small-cap territory. It operates through North America Contract, International Contract, and Global Retail segments.

Key stats
Market Cap$1.11B
P/E (TTM)107.87
Fwd P/E8.10
EPS$0.15
Beta1.41
52W Change-1.6%
Dividend Yield4.64%
ROE1.1%
Analysis

On the balance sheet, MLKN has $174.6M in cash with $1.79B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company generates $195.3M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 1.1%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 3.8% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $3.95B (2022) to $3.67B (2025).

The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. The elevated P/E ratio means the stock is priced for significant future growth. If earnings disappoint, the price correction could be sharp. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing MLKN.

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