Miller Industries Inc (MLR) stock
MLRNYSETruck & Bus BodiesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 8/3070% above fair value
$48.30−0.41 (-0.84%)
Close on Nov 13, 2026Market cap $548.31MP/E 32.0Yield 1.66%
Miller Industries gross margin
Gross margin is gross profit as a percentage of revenue.
Miller Industries's gross margin for the twelve months ending Sep 30, 2026 was 14.6%. For fiscal 2025 it was 15.2%, against 13.6% the year before. The highest annual figure on record is 17.0% in fiscal 2011.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 15.2% | +1.7 |
| FY2024 | Dec 31, 2024 | 13.6% | +0.4 |
| FY2023 | Dec 31, 2023 | 13.2% | +3.5 |
| FY2022 | Dec 31, 2022 | 9.7% | −0.0 |
| FY2021 | Dec 31, 2021 | 9.7% | −2.3 |
| FY2020 | Dec 31, 2020 | 12.0% | +0.2 |
| FY2019 | Dec 31, 2019 | 11.8% | +0.1 |
| FY2018 | Dec 31, 2018 | 11.7% | +0.8 |
| FY2017 | Dec 31, 2017 | 10.9% | +0.2 |
| FY2016 | Dec 31, 2016 | 10.7% | +0.0 |
| FY2015 | Dec 31, 2015 | 10.7% | −0.1 |
| FY2014 | Dec 31, 2014 | 10.8% | +0.3 |
| FY2013 | Dec 31, 2013 | 10.5% | −1.2 |
| FY2012 | Dec 31, 2012 | 11.7% | −5.3 |
| FY2011 | Dec 31, 2011 | 17.0% | +1.9 |
| FY2010 | Dec 31, 2010 | 15.1% | +0.2 |
| FY2009 | Dec 31, 2009 | 14.9% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 14.0% | −0.1 |
| Q2 FY2026 | Jun 30, 2026 | 15.0% | −1.2 |
| Q1 FY2026 | Mar 31, 2026 | 14.2% | −0.8 |
| Q4 FY2025 | Dec 31, 2025 | 15.4% | +0.4 |
| Q3 FY2025 | Sep 30, 2025 | 14.2% | +0.8 |
| Q2 FY2025 | Jun 30, 2025 | 16.2% | +2.4 |
| Q1 FY2025 | Mar 31, 2025 | 15.0% | +2.4 |
| Q4 FY2024 | Dec 31, 2024 | 15.1% | +2.0 |
| Q3 FY2024 | Sep 30, 2024 | 13.4% | −2.2 |
| Q2 FY2024 | Jun 30, 2024 | 13.8% | +0.5 |
| Q1 FY2024 | Mar 31, 2024 | 12.6% | +1.9 |
| Q4 FY2023 | Dec 31, 2023 | 13.0% | +1.7 |
| Q3 FY2023 | Sep 30, 2023 | 15.6% | +4.3 |
| Q2 FY2023 | Jun 30, 2023 | 13.3% | +4.2 |
| Q1 FY2023 | Mar 31, 2023 | 10.8% | +3.7 |
| Q4 FY2022 | Dec 31, 2022 | 11.3% | +3.6 |
| Q3 FY2022 | Sep 30, 2022 | 11.3% | +0.5 |
| Q2 FY2022 | Jun 30, 2022 | 9.1% | −2.2 |
| Q1 FY2022 | Mar 31, 2022 | 7.1% | −2.2 |
| Q4 FY2021 | Dec 31, 2021 | 7.7% | −5.9 |
| Q3 FY2021 | Sep 30, 2021 | 10.8% | +0.2 |
| Q2 FY2021 | Jun 30, 2021 | 11.4% | −2.4 |
| Q1 FY2021 | Mar 31, 2021 | 9.3% | −1.2 |
| Q4 FY2020 | Dec 31, 2020 | 13.6% | +0.3 |
| Q3 FY2020 | Sep 30, 2020 | 10.6% | −0.5 |
| Q2 FY2020 | Jun 30, 2020 | 13.8% | +2.5 |
| Q1 FY2020 | Mar 31, 2020 | 10.5% | −0.9 |
| Q4 FY2019 | Dec 31, 2019 | 13.3% | +0.9 |
| Q3 FY2019 | Sep 30, 2019 | 11.1% | +0.2 |
| Q2 FY2019 | Jun 30, 2019 | 11.3% | −0.7 |
| Q1 FY2019 | Mar 31, 2019 | 11.5% | −0.1 |
| Q4 FY2018 | Dec 31, 2018 | 12.3% | +0.8 |
| Q3 FY2018 | Sep 30, 2018 | 11.0% | +0.8 |
| Q2 FY2018 | Jun 30, 2018 | 12.0% | +0.5 |
| Q1 FY2018 | Mar 31, 2018 | 11.6% | +1.2 |
| Q4 FY2017 | Dec 31, 2017 | 11.6% | +1.4 |
| Q3 FY2017 | Sep 30, 2017 | 10.2% | – |
| Q2 FY2017 | Jun 30, 2017 | 11.5% | – |
| Q1 FY2017 | Mar 31, 2017 | 10.3% | – |
| Q4 FY2016 | Dec 31, 2016 | 10.2% | – |
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