MLR Financials MILLER INDUSTRIES INC /TN/

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 Aug 9, 2026, 10:16 UTC Overview →

Growth & profitability

Revenue has grown 3.9% per year over the past 5 years.
Net income has grown slower than revenue (-5.1% vs 3.9% per year).
Free cash flow has grown 14.5% per year over the past 5 years.

Financial health

The company holds more cash ($45M) than total debt ($33M).
Total debt has grown slower than revenue (-9.5% vs 3.9% per year).

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 39.8% of earnings and 10.8% of free cash flow.
The dividend has grown 2.2% 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
2025	$790M	$23M	15.2%	0.0%	5.5%	3.9%	$85M	$33M	$45M
2024	$1.3B	$63M	13.6%	0.0%	15.8%	9.5%	$2M	$65M	$24M
2023	$1.2B	$58M	13.2%	0.0%	16.8%	9.0%	-$1M	$60M	$30M
2022	$848M	$20M	9.7%	0.0%	6.9%	4.1%	-$48M	$45M	$40M
2021	$717M	$16M	9.7%	0.0%	5.7%	3.7%	$6M	—	$54M
2020	$651M	$30M	12.0%	0.0%	10.7%	7.5%	$43M	—	$58M
2019	$818M	$39M	11.8%	0.0%	15.2%	10.0%	$18M	$5M	$26M
2018	$712M	$34M	11.7%	0.0%	14.8%	9.2%	$9M	$16M	$27M
2017	$615M	$23M	10.9%	5.1%	11.4%	7.3%	-$11M	—	$22M
2016	$601M	$20M	10.7%	5.3%	10.8%	6.7%	-$4M	—	$31M
2015	—	$16M	—	—	9.2%	6.0%	—	—	—
2014	—	$15M	—	—	8.8%	5.7%	—	—	—
2013	—	$9M	—	—	5.7%	4.1%	—	—	—
2012	—	$9M	—	—	5.8%	4.5%	—	—	—
2011	—	$23M	—	—	15.1%	10.9%	$24M	$5000	—

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
Jun '26	$240M	$7M	15.0%	0.0%	1.7%	1.2%	$28M	$3M	$56M
Mar '26	$181M	$555000	14.2%	0.0%	0.1%	0.1%	$23M	$23M	$53M
Dec '25	$172M	$3M	15.4%	0.0%	0.8%	0.6%	$44M	$33M	$45M
Sep '25	$179M	$3M	14.2%	0.0%	0.7%	0.5%	$18M	$45M	$38M
Jun '25	$214M	$8M	16.2%	0.0%	2.0%	1.4%	$26M	$55M	$32M
Mar '25	$226M	$8M	15.0%	0.0%	2.0%	1.3%	-$2M	$75M	$27M
Dec '24	$222M	$11M	15.1%	0.0%	2.6%	1.6%	-$13M	$65M	$24M
Sep '24	$314M	$15M	13.4%	0.0%	3.9%	2.0%	$24M	$65M	$41M
Jun '24	$371M	$21M	13.8%	0.0%	5.4%	2.7%	-$14M	$70M	$24M
Mar '24	$350M	$17M	12.6%	0.0%	4.7%	2.4%	$4M	$55M	$27M
Dec '23	$296M	$17M	13.0%	0.0%	4.8%	2.6%	$4M	$60M	$30M
Sep '23	$275M	$17M	15.6%	0.0%	5.3%	3.0%	-$2M	$60M	$27M
Jun '23	$300M	$15M	13.3%	0.0%	4.7%	2.5%	$5M	$60M	$31M
Mar '23	$282M	$9M	10.8%	0.0%	3.1%	1.7%	-$9M	$45M	$30M
Dec '22	$226M	$9M	11.3%	0.0%	3.2%	1.9%	$9M	$45M	$40M
Sep '22	$206M	$5M	11.3%	0.0%	1.8%	1.1%	$938000	$45M	$33M
Jun '22	$202M	$4M	9.1%	0.0%	1.3%	0.8%	-$25M	$40M	$31M
Mar '22	$216M	$2M	7.1%	0.0%	0.7%	0.4%	-$33M	$10M	$29M
Dec '21	$202M	$3M	7.7%	0.0%	1.0%	0.6%	$7M	—	$54M
Sep '21	$165M	$4M	10.8%	0.0%	1.3%	0.9%	-$622000	—	$50M

Valuation over time

How the market has priced MLR 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 risen from 19.7× (Mar '23) to 25.6× (Nov '26).
The price-to-sales ratio has risen from 0.5× (Mar '23) to 0.7× (Nov '26).
The dividend yield has fallen from 2.0% (Mar '23) to 1.6% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is MLR growing its revenue and profit?

Over the past 5 years, MILLER INDUSTRIES INC /TN/'s revenue has grown 3.9% per year, and net income declined 5.1% per year. These are computed facts, not advice.

How much debt does MLR have?

As of FY2025, MILLER INDUSTRIES INC /TN/ reported $33M of total debt against $45M of cash.

What is MLR's profit margin?

In FY2025, gross margin was 15.2%, operating margin —, and net margin 2.9%.

What is MLR's P/E ratio?

MILLER INDUSTRIES INC /TN/'s P/E (TTM) is 41.19 as of the 2026-11-02 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 MLR stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 25.6× 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.