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Miller Industries, Inc.

MLRConsumer CyclicalNASDAQ

Auto Parts · Last scanned May 30, 2026

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Financials · Annual
Revenue
$790.3M
-37.2% YoY
Net Income
$23.0M
-63.8% YoY
EBITDA
$46.8M
-52.3% YoY
Free Cash Flow
$95.2M

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About Miller Industries, Inc.

Miller Industries, Inc., together with its subsidiaries, manufactures and sells towing and recovery equipment. The $546.0M market capitalization puts MLR squarely in small-cap range for its industry. It provides wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment.

Key stats
Market Cap$546.0M
P/E (TTM)35.75
Fwd P/E14.97
EPS$1.34
Beta1.14
52W Change+6.9%
Dividend Yield1.75%
ROE3.8%
Analysis

Miller Industries, Inc. holds $53.0M in cash against $25.0M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Annual free cash flow of $95.2M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 3.8%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 2.3% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from $717.5M to $790.3M.

With cash comfortably exceeding debt, MLR has financial flexibility that may help navigate uncertain periods. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Miller Industries, Inc. and its sector.

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