MLKN Consumer Cyclical

MillerKnoll, Inc.

$21.43-4.50%

Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026

Basics

Sector: Consumer Cyclical
Industry: Furnishings, Fixtures & Appliances
Country: United States
Market cap: 1.5B USD
Enterprise value: 2.6B USD
Full-time employees: 10,544

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback: less profitable than most peersless profitable than peers
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.35 vs a peer median of 0.63) and more debt relative to equity (0.96× vs a peer median of 0.46×)higher risk: bigger price swings (beta 1.35 vs peers 0.63) and more debt vs equity (0.96× vs peers 0.46×)

Ranks #797 of 1,502 consumer cyclical companies (bottom 48%)

See how it ranks against its peers

Worth knowing

Earnings turned from a loss to a profit. Profit per share this year after a loss last year.
MillerKnoll made a profit per share in its latest year after a loss the year before.
Share count shrinking. Shares outstanding down 9.1% from June 2023 to September 2026.
MillerKnoll had 9.1% fewer shares at September 2026 than at June 2023, mainly through buybacks, so each remaining share owns a larger slice of the business.
Profit is backed by cash. Free cash flow is 118% of reported profit.
MillerKnoll's free cash flow is 118% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
More volatile share price. Beta 1.35: tends to move more than the market.
MillerKnoll's shares have swung more with the market than most peers' (beta 1.35, above the market's 1.0).

StockQuotient Score

50/ 100▼ 1 since Oct 27 close

Oct 5 51 → Nov 4 50 (-1)

Valuation

Is the price right?

69/100

Moderate▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 70 → 69

Share price +3.2%-2
Company's reported figures updated+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ EBITDA yield
▲ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield6.6%

SEC filings · 12 months to Aug 2026Reported value30% base weight · Z-score 0.68Sector median: 0.0439 · MAD: 0.0329

EBITDA yield13.2%

SEC filings · 12 months to Aug 2026Reported value50% base weight · Z-score 0.97Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield7.8%

SEC filings · 12 months to Aug 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 0.31Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield92.0%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

70/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a loss to a profit33% base weight · Z-score 3.48Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth-1.0%

SEC filings · 3 years to Aug 2026Reported value33% base weight · Z-score -0.83Sector median: 0.0425 · MAD: 0.0636

Revenue growth1.2%

SEC filings · 12 months to Aug 2026Reported value33% base weight · Z-score -0.39Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

39/100

Weak▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 40 → 39

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin5.2%

SEC filings · 12 months to Aug 2026Reported value33% base weight · Z-score -0.26Sector median: 0.0638 · MAD: 0.0461

Return on assets2.4%

SEC filings · 12 months to Aug 2026Reported value33% base weight · Z-score -0.34Sector median: 0.0331 · MAD: 0.0254

Return on invested capital6.3%

SEC filings · 12 months to Aug 2026Reported value33% base weight · Z-score -0.18Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin39.5%

SEC filings · 12 months to Aug 2026Reported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity7.2%

SEC filings · 12 months to Aug 2026Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.35

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -2.42Sector median: 0.6345 · MAD: 0.2980

Current ratio1.65×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.30Sector median: 1.4800 · MAD: 0.5570

Debt / equity0.96×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.40Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about MillerKnoll

Is MillerKnoll getting weaker?: Its latest SEC filing (Sep 28, 2026) showed no major changes. Its overall score is 50/100, down 1 since Oct 28, 2026.
How is MillerKnoll valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 69/100 against 1,612 consumer cyclical peers. EBITDA yield 13.2% vs a peer median of 8.8% (stronger than 73% of peers).EBITDA yield 13.2% vs peers 8.8% (stronger than 73% of peers).
Is MillerKnoll growing?: Yes, faster than most of its peers. Growth scores 70/100 against 1,612 consumer cyclical peers. 3-year revenue growth -1.0% vs a peer median of 4.3% (weaker than 71% of peers).3-year revenue growth -1.0% vs peers 4.3% (weaker than 71% of peers).
How profitable is MillerKnoll?: Less profitable than most of its peers. Profitability scores 39/100 against 1,612 consumer cyclical peers.
How risky is MillerKnoll?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Beta 1.35 vs a peer median of 0.63 (weaker than 88% of peers).Beta 1.35 vs peers 0.63 (weaker than 88% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Aug 29, 2026 · filed Sep 28, 2026 · compared with the quarter ended May 30, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	3.8B USD	3.8B USD	−0.8%
Net income (12 months)	91.5M USD	97.9M USD	+7.0%
Operating margin	5.2%	5.2%	−0.0 pts
Free cash flow (12 months)	77.6M USD	115.5M USD	+48.8%
Debt	1.3B USD	1.3B USD	+1.0%
Cash	167.7M USD	178.6M USD	+6.5%
Shares outstanding	68.1M	68.8M	+1.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Consumer Cyclical · 182 companies

Valuations in Consumer Cyclical are within their usual range since 2016.

36% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +0% and earnings +10% (medians): prices and earnings moved broadly together.
Median price-to-sales is −55% vs the whole market, against a usual −41%.

2016Shaded: most expensive fifth of its range2026

Shown for Consumer Cyclical: too few Furnishings, Fixtures & Appliances companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY May 2022	FY May 2023	FY May 2024	FY May 2025	FY May 2026	Change
Gross margin	34.3%	35.0%	39.1%	38.8%	38.8%	▼ 0.0 pts
Operating margin	1.0%	3.0%	4.6%	1.4%	5.2%	▲ 3.8 pts
Net margin	-0.7%	1.0%	2.3%	-1.0%	2.4%	▲ 3.4 pts
Return on assets (ROA)	-0.6%	1.0%	2.0%	-0.9%	2.3%	▲ 3.2 pts
Return on equity (ROE)	-1.9%	2.9%	5.9%	-2.9%	6.8%	▲ 9.7 pts
Free cash flow margin	-2.7%	1.9%	7.5%	2.8%	2.0%	▼ 0.8 pts
Current ratio	1.50×	1.67×	1.53×	1.58×	1.58×	▲ 0.1%
Quick ratio	0.83×	0.98×	0.92×	0.94×	0.90×	▼ 4.2%
Debt to equity	1.00×	0.99×	0.97×	1.05×	0.96×	▼ 8.0%
Interest coverage	1.05×	1.65×	2.19×	0.66×	2.84×	▲ 331%

MLKN price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

Drawback: less profitable than most peersless profitable than peers

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.35 vs a peer median of 0.63) and more debt relative to equity (0.96× vs a peer median of 0.46×)higher risk: bigger price swings (beta 1.35 vs peers 0.63) and more debt vs equity (0.96× vs peers 0.46×)

Ranks #797 of 1,502 consumer cyclical companies (bottom 48%)

See how it ranks against its peers

Worth knowing

Earnings turned from a loss to a profit. Profit per share this year after a loss last year.

MillerKnoll made a profit per share in its latest year after a loss the year before.

Share count shrinking. Shares outstanding down 9.1% from June 2023 to September 2026.

MillerKnoll had 9.1% fewer shares at September 2026 than at June 2023, mainly through buybacks, so each remaining share owns a larger slice of the business.

Profit is backed by cash. Free cash flow is 118% of reported profit.

MillerKnoll's free cash flow is 118% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

More volatile share price. Beta 1.35: tends to move more than the market.

MillerKnoll's shares have swung more with the market than most peers' (beta 1.35, above the market's 1.0).

Questions investors ask about MillerKnoll

Is MillerKnoll getting weaker?

Its latest SEC filing (Sep 28, 2026) showed no major changes. Its overall score is 50/100, down 1 since Oct 28, 2026.

How is MillerKnoll valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 69/100 against 1,612 consumer cyclical peers. EBITDA yield 13.2% vs a peer median of 8.8% (stronger than 73% of peers).EBITDA yield 13.2% vs peers 8.8% (stronger than 73% of peers).

Is MillerKnoll growing?

Yes, faster than most of its peers. Growth scores 70/100 against 1,612 consumer cyclical peers. 3-year revenue growth -1.0% vs a peer median of 4.3% (weaker than 71% of peers).3-year revenue growth -1.0% vs peers 4.3% (weaker than 71% of peers).

How profitable is MillerKnoll?

Less profitable than most of its peers. Profitability scores 39/100 against 1,612 consumer cyclical peers.

How risky is MillerKnoll?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Beta 1.35 vs a peer median of 0.63 (weaker than 88% of peers).Beta 1.35 vs peers 0.63 (weaker than 88% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

3.8B USD

3.8B USD

−0.8%

Net income (12 months)

91.5M USD

97.9M USD

+7.0%

Operating margin

5.2%

5.2%

−0.0 pts

Free cash flow (12 months)

77.6M USD

115.5M USD

+48.8%

Debt

1.3B USD

1.3B USD

+1.0%

Cash

167.7M USD

178.6M USD

+6.5%

Shares outstanding

68.1M

68.8M

+1.0%

Key ratios

FY May 2022

FY May 2023

FY May 2024

FY May 2025

FY May 2026

Change

Gross margin

34.3%

35.0%

39.1%

38.8%

▼ 0.0 pts

Operating margin

1.0%

3.0%

4.6%

1.4%

5.2%

▲ 3.8 pts

Net margin

-0.7%

1.0%

2.3%

-1.0%

2.4%

▲ 3.4 pts

Return on assets (ROA)

-0.6%

1.0%

2.0%

-0.9%

2.3%

▲ 3.2 pts

Return on equity (ROE)

-1.9%

2.9%

5.9%

-2.9%

6.8%

▲ 9.7 pts

Free cash flow margin

-2.7%

1.9%

7.5%

2.8%

2.0%

▼ 0.8 pts

Current ratio

1.50×

1.67×

1.53×

1.58×

▲ 0.1%

Quick ratio

0.83×

0.98×

0.92×

0.94×

0.90×

▼ 4.2%

Debt to equity

1.00×

0.99×

0.97×

1.05×

0.96×

▼ 8.0%

Interest coverage

1.05×

1.65×

2.19×

0.66×

2.84×

▲ 331%