MLKNNasdaqOffice FurnitureFiscal year ends May 29
MILLERKNOLL, INC.
Financials through Q1 FY2027, quarter ended Aug 29, 2026Last filing: 10-Q on Sep 28, 2026
$20.92−0.15 (-0.71%)
Close on Oct 19, 2026
- Market cap
- $1.47B
- P/E (TTM)
- 14.8
- Dividend yield
- 3.59%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
38.8%+0.2 pts over 5 years
Operating margin
5.2%−4.3 pts over 5 years
Net margin
2.4%−4.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.7% | -2.0% | +9.3% | +5.4% | |
| Gross profit | +4.7% | +1.4% | +9.4% | +5.5% | |
| Operating income | +292.7% | +17.5% | -3.1% | -0.6% | |
| Net income | – | +29.5% | -12.1% | -3.9% | |
| EPS, diluted | – | +33.9% | -14.8% | -5.2% | |
| Free cash flow | -23.7% | -0.8% | -22.2% | -4.7% | |
| Dividend per share | 0.0% | 0.0% | +6.0% | +2.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 22.3% | 23.1% | 7.0% | |
| Return on assets | 9.8% | 8.5% | 2.3% | |
| Current ratio | 1.28 | 1.90 | 1.58 | |
| Debt to equity | 0.36 | 0.32 | 0.96 | |
| Net debt to EBITDA | 0.46× | -0.37× | 3.23× | |
| Interest coverage | 12.6× | 16.7× | 2.8× | |
| Inventory turnover | 10.1× | 7.1× | 5.0× | |
| Capex to revenue | 3.8% | 2.4% | 3.2% | |
| Diluted shares | 61M | 59M | 69M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Millerknoll generated $936.30M from operations and spent $1.01B on capital expenditure, dividends and share buybacks. 48% of that went back into the business.
Generated
$936.30M
Used
$1.01B
Capital expenditure$486.30M48%Dividends$270.00M27%Share buybacks$255.30M25%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.4%
×Asset turnover0.97×
×Equity multiplier3.04×
=Return on equity, FY20267.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 2.4% | 0.97× | 3.04× | 7.0% |
| FY2025 | -1.0% | 0.92× | 3.00× | -2.8% |
| FY2024 | 2.3% | 0.87× | 2.95× | 5.8% |
| FY2023 | 1.0% | 0.93× | 3.07× | 2.9% |
| FY2022 | -0.7% | 1.20× | 2.88× | -2.4% |
| FY2021 | 7.1% | 1.19× | 2.73× | 23.1% |
| FY2020 | -0.3% | 1.37× | 2.64× | -1.3% |
| FY2019 | 6.3% | 1.68× | 2.20× | 23.2% |
| FY2018 | 5.4% | 1.71× | 2.22× | 20.5% |
| FY2017 | 5.4% | 1.79× | 2.29× | 22.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$91.50M
- Cash generatingOperating cash flow above zero$199.90M
- Return on assets improvedROA up on the prior year-0.9% → 2.3%
- Earnings backed by cashOperating cash flow above net income$199.90M vs $91.50M
- Less leverageLong-term debt to assets fell33.2% → 31.5%
- Better liquidityCurrent ratio rose1.58 → 1.58
- No dilutionShare count did not rise69M → 69M
- Gross margin improvedGross margin up on the prior year38.76% → 38.75%
- More efficientAsset turnover rose0.91 → 0.97