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MLKN · Nasdaq · United States · Office Furniture
In shortMILLERKNOLL, INC. is profitable, generates cash and carries moderate debt, with revenue growing (+4.7% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 5.2% | 34/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 2.4% | 30/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 7.0% | 35/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 5.6% | 38/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.58× | 65/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.96× | 58/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 3.23× | 22/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 2.84× | 13/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 2.13 | 26/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 2.0% | 28/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.85× | 69/100 |
| Years with positive free cash flow (last 5) | 4 of 5 | 75/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 27.8% | 8/100 |
| Operating margin volatility | 1.9% | 92/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -2.0% | 5/100 |
|---|---|---|
| EPS growth, 3-year average | 33.9% | 100/100 |
Weight in the score: 10%
Fiscal year 2026 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 3,946 | 4,087 | 3,628 | 3,670 | 3,842 |
| Cost of revenue | 2,593 | 2,657 | 2,209 | 2,247 | 2,353 |
| Gross profit | 1,353 | 1,430 | 1,420 | 1,423 | 1,489 |
| Research & development | 109 | 106 | 93 | 94 | 100 |
| Selling, general & admin | 1,204 | 1,126 | 1,112 | 1,134 | 1,178 |
| Operating income | 40 | 122 | 167 | 51 | 198 |
| Interest expense | 38 | 74 | 76 | 77 | 70 |
| Pre-tax income | (8.6) | 51 | 100 | (22) | 128 |
| Income tax | 11 | 4.5 | 15 | 12 | 32 |
| Net income | (27) | 42 | 82 | (37) | 92 |
| Diluted EPS | −$0.37 | $0.55 | $1.11 | −$0.54 | $1.32 |
| Diluted shares (millions) | 73 | 76 | 74 | 69 | 69 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
2.13 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
8/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Aug 29, 2026 · Data updated Sep 28, 2026