MLKN Financials Millerknoll, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Oct 4, 2026, 10:16 UTC Overview →

Growth & profitability

Revenue has grown 9.3% per year over the past 5 years.
Net income has grown slower than revenue (-12.1% vs 9.3% per year).
Operating margin has contracted, at 5.2% in the latest year.
Free cash flow has declined 22.2% per year over the past 5 years.

Financial health

Total debt ($1.3B) exceeds cash ($168M); net debt is $1.1B.
Total debt has grown faster than revenue (36.1% vs 9.3% per year).
Operating income covered interest expense 2.8× in the latest year.
Total debt is 3.7× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 55.8% of earnings and 65.9% of free cash flow.
The dividend has grown 8.2% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2026	$3.8B	$92M	38.8%	5.2%	6.8%	2.3%	$78M	$1.3B	$168M
2025	$3.7B	-$37M	38.8%	1.4%	-2.9%	-0.9%	$102M	$1.3B	$194M
2024	$3.6B	$82M	39.1%	4.6%	5.9%	2.0%	$274M	$1.3B	—
2023	$4.1B	$42M	35.0%	3.0%	2.9%	1.0%	$80M	$1.4B	—
2022	$3.9B	-$27M	34.3%	1.0%	-1.9%	-0.6%	-$107M	$1.4B	$230M
2021	$2.5B	$175M	38.6%	9.4%	20.3%	8.4%	$273M	$277M	$396M
2020	$2.5B	-$9M	36.6%	-1.5%	-1.3%	-0.4%	$153M	$591M	$454M
2019	$2.6B	$161M	36.2%	7.9%	22.3%	10.2%	$131M	$285M	$159M
2018	$2.4B	$128M	36.7%	7.5%	19.3%	8.7%	$96M	$286M	$204M
2017	$2.3B	$124M	37.9%	8.4%	21.1%	9.5%	$115M	$210M	$96M
2016	—	$137M	—	—	26.1%	11.1%	$125M	$222M	$85M
2015	—	$98M	—	—	23.2%	8.2%	$104M	$290M	$64M
2014	—	-$22M	—	—	-6.1%	-2.2%	$49M	$250M	$102M
2013	—	$68M	—	—	21.3%	7.2%	$86M	$250M	$83M
2012	—	$75M	—	—	30.3%	9.0%	$62M	$250M	$172M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Aug '26	$923M	$27M	41.7%	5.6%	2.0%	0.7%	$17M	—	$179M
May '26	$1.0B	$24M	39.4%	5.1%	1.8%	0.6%	$26M	$1.3B	$168M
Feb '26	$927M	$24M	38.1%	4.8%	1.8%	0.6%	$39M	$200M	$175M
Nov '25	$955M	$24M	39.0%	5.1%	1.9%	0.6%	$34M	—	$180M
Aug '25	$956M	$20M	38.5%	5.6%	1.6%	0.5%	-$21M	—	$167M
May '25	$962M	-$57M	39.2%	5.7%	-4.5%	-1.4%	$31M	$1.3B	$194M
Mar '25	$876M	-$13M	37.9%	-9.4%	-1.0%	-0.3%	$39M	—	—
Nov '24	$970M	$34M	38.8%	6.4%	2.6%	0.8%	$33M	—	—
Aug '24	$862M	-$1M	39.0%	1.8%	-0.1%	-0.0%	-$2M	—	—
Jun '24	$889M	$10M	39.6%	2.7%	0.7%	0.2%	$57M	$1.3B	—
Mar '24	$872M	$22M	38.6%	4.9%	1.6%	0.5%	$44M	—	—
Dec '23	$950M	$34M	39.2%	6.4%	2.4%	0.8%	$63M	—	—
Sep '23	$918M	$17M	39.0%	4.4%	1.2%	0.4%	$111M	—	—
Jun '23	$957M	-$100000	37.1%	1.2%	-0.0%	-0.0%	$70M	$1.4B	—
Mar '23	$985M	$400000	34.1%	2.2%	0.0%	0.0%	$55M	$1.5B	—
Dec '22	$1.1B	$16M	34.5%	3.6%	1.1%	0.4%	$37M	$1.5B	—
Sep '22	$1.1B	$26M	34.5%	4.7%	1.9%	0.6%	-$82M	$1.5B	—
May '22	$1.1B	$22M	34.8%	5.2%	1.5%	0.5%	$17M	$1.4B	$230M
Feb '22	$1.0B	$14M	33.0%	2.8%	1.0%	0.3%	-$20M	$1.4B	—
Nov '21	$1.0B	-$2M	34.4%	0.6%	-0.1%	-0.0%	-$34M	$1.4B	—

Valuation over time

How the market has priced MLKN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 24.1× (Jun '23) to 17.1× (Nov '26).
The price-to-sales ratio has risen from 0.4× (Mar '23) to 0.4× (Nov '26).
The dividend yield has fallen from 3.9% (Mar '23) to 3.3% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is MLKN growing its revenue and profit?

Over the past 5 years, Millerknoll, Inc.'s revenue has grown 9.3% per year, and net income declined 12.1% per year. These are computed facts, not advice.

How much debt does MLKN have?

As of FY2026, Millerknoll, Inc. reported $1.3B of total debt against $168M of cash; operating income covered interest expense 2.8×.

What is MLKN's profit margin?

In FY2026, gross margin was 38.8%, operating margin 5.2%, and net margin 2.4%.

What is MLKN's P/E ratio?

Millerknoll, Inc.'s P/E (TTM) is 16.01 as of the 2026-11-04 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the MLKN stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 17.1× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.