MLKN Financials Millerknoll, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 30 h ago Overview →

Growth & profitability

Revenue has grown 8.1% per year over the past 5 years.
Operating margin has expanded, at 1.4% in the latest year.
Free cash flow has declined 7.8% per year over the past 5 years.

Financial health

Total debt ($1.3B) exceeds cash ($194M); net debt is $1.1B.
Total debt has grown faster than revenue (17.7% vs 8.1% per year).
Operating income covered interest expense 0.7× in the latest year.
Total debt is 7.0× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 50.8% of free cash flow.
The dividend has grown 7.3% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
2025	$3.7B	-$37M	38.8%	1.4%	$102M	$1.3B	$194M
2024	$3.6B	$82M	39.1%	4.6%	$274M	$1.3B	—
2023	$4.1B	$42M	35.0%	3.0%	$80M	$1.4B	—
2022	$3.9B	-$27M	34.3%	1.0%	-$107M	$1.4B	$230M
2021	$2.5B	$175M	38.6%	9.4%	$273M	$277M	$396M
2020	$2.5B	-$9M	36.6%	-1.5%	$153M	$591M	$454M
2019	$2.6B	$161M	36.2%	7.9%	$131M	$285M	$159M
2018	$2.4B	$128M	36.7%	7.5%	$96M	$286M	$204M
2017	$2.3B	$124M	37.9%	8.4%	$115M	$210M	$96M
2016	—	$137M	—	—	$125M	$222M	$85M
2015	—	$98M	—	—	$104M	$290M	$64M
2014	—	-$22M	—	—	$49M	$250M	$102M
2013	—	$68M	—	—	$86M	$250M	$83M
2012	—	$75M	—	—	$62M	$250M	$172M
2011	—	$71M	—	—	$59M	$250M	$142M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

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	FCF	Total debt	Cash
Feb '26	$927M	$24M	38.1%	4.8%	$39M	$200M	$175M
Nov '25	$955M	$24M	39.0%	5.1%	$34M	—	$180M
Aug '25	$956M	$20M	38.5%	5.6%	-$21M	—	$167M
May '25	$962M	-$57M	39.2%	5.7%	$31M	$1.3B	$194M
Mar '25	$876M	-$13M	37.9%	-9.4%	$39M	—	—
Nov '24	$970M	$34M	38.8%	6.4%	$33M	—	—
Aug '24	$862M	-$1M	39.0%	1.8%	-$2M	—	—
Jun '24	$889M	$10M	39.6%	2.7%	$57M	$1.3B	—
Mar '24	$872M	$22M	38.6%	4.9%	$44M	—	—
Dec '23	$950M	$34M	39.2%	6.4%	$63M	—	—
Sep '23	$918M	$17M	39.0%	4.4%	$111M	—	—
Jun '23	$957M	-$100000	37.1%	1.2%	$70M	$1.4B	—
Mar '23	$985M	$400000	34.1%	2.2%	$55M	$1.5B	—
Dec '22	$1.1B	$16M	34.5%	3.6%	$37M	$1.5B	—
Sep '22	$1.1B	$26M	34.5%	4.7%	-$82M	$1.5B	—
May '22	$1.1B	$22M	34.8%	5.2%	$17M	$1.4B	$230M
Feb '22	$1.0B	$14M	33.0%	2.8%	-$20M	$1.4B	—
Nov '21	$1.0B	-$2M	34.4%	0.6%	-$34M	$1.4B	—
Aug '21	$790M	-$61M	35.2%	-6.7%	-$70M	$1.3B	—
May '21	$622M	$9M	36.4%	1.8%	$55M	$277M	$396M

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 24.0× (Jun '23) to 14.0× (May '25).
The price-to-sales ratio has risen from 0.4× (Mar '23) to 0.4× (Jun '26).
The dividend yield has risen from 3.9% (Mar '23) to 3.9% (Jun '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 8.1% per year. These are computed facts, not advice.

How much debt does MLKN have?

As of FY2025, Millerknoll, Inc. reported $1.3B of total debt against $194M of cash; operating income covered interest expense 0.7×.

What is MLKN's profit margin?

In FY2025, gross margin was 38.8%, operating margin 1.4%, and net margin -1.0%.

What is MLKN's P/E ratio?

As of Jun '26, Millerknoll, Inc. traded at a price-to-earnings ratio of about 14.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.