MillerKnoll (MLKN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

MillerKnoll

NasdaqGS•Consumer Cyclical•Furnishings, Fixtures & Appliances

$22.92+0.53(0.02%)Pre-market

Market Cap

$1.43B

P/E

15.6x

P/S

0.4x

P/B

1.1x

MillerKnoll, Inc. researches, designs, manufactures, sells, and distributes interior furnishings worldwide. It operates through North America Contract, International Contract, and Global Retail segments. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services; and casegoods, storage products, and acoustic products and related services, as well as residential, education, and healthcare furniture solutions. It offers its products under the MillerKnoll, Herman Miller, Knoll, Maharam, Geiger, Design Within Reach, HAY, NaughtOne, Colebrook Bosson Saunders, Holly Hunt, Muuto, FilzFelt, Edelman, Spinneybeck, and KnollTextiles brand names. The company offers its products through independent contract furniture dealers, direct contract sales, owned and independent retailers, direct-mail catalogs, and e-commerce platforms. Its products are used in institutional, health/science, industrial and educational settings, and residential and other environments. The company was formerly known as Herman Miller, Inc. and changed its name to MillerKnoll, Inc. in November 2021. MillerKnoll, Inc. was incorporated in 1905 and is headquartered in Zeeland, Michigan.

How this company scores

GoodMetricSide Score: 65/100

Strongest: Growth (19/25); weakest: Cash & Earnings Quality (14/25).

Profitability17/25

Growth19/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality14/25

Strengths

Rising earningsCash-backed earningsProfit converts from growthConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 15.6x5y range 15.6x – 128.0x

Currently below its 14-quarter median.

P/S · 0.4x5y range 0.3x – 1.1x

Currently near its 20-quarter median.

P/B · 1.1x5y range 0.8x – 2.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $1.43B

Metrics at a Glance

as of May 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.84B
Q. Revenue: $1.00B
TTM EBITDA: $346.60M
TTM Op. Income: $198.30M
Q. Op. Income: $51.40M
TTM Net Income: $91.50M
Q. Net Income: $23.60M
EPS: $0.342
Shares Out.: $69.05M

$3.84B in TTM revenue grew 4.7% YoY, reaching $1.00B last quarter. TTM EBITDA of $346.60M and TTM operating income of $198.30M show growth is flowing through to the bottom line. TTM net income of $91.50M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 39.4%
EBITDA Margin: 8.9%
Op. Margin: 5.1%
Net Margin: 2.4%

Op. margin of 5.1% is down 0.6% YoY — costs are rising relative to revenue. Net margin at 2.4% and gross margin of 39.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 10% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 15.6x
P/S Ratio: 0.4x
P/B Ratio: 1.1x

At 15.6x P/E, the stock trades within typical market levels. P/S of 0.4x and P/B of 1.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 51% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.00B
Cash: $167.70M
Long-Term Debt: $1.26B
Book Value: $1.34B
D/E Ratio: 0.9
Debt/EBITDA: 14.1

With $4.00B in assets and $1.26B in long-term debt, D/E is 0.9and book value is $1.34B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 4 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $64.80M
TTM Free Cash Flow: $77.60M
FCF Margin: 2.0%
FCF / Net Income: 0.8

TTM FCF of $77.60M on $64.80M in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 24% — a weakening trend.