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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 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
$0 $629M $1B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 8% 15% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$48M $18M $85M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $33M $65M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$51M $24M $99M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $790M $23M 15.2% 0.0% $85M $33M $45M
2024 $1.3B $63M 13.6% 0.0% $2M $65M $24M
2023 $1.2B $58M 13.2% 0.0% -$1M $60M $30M
2022 $848M $20M 9.7% 0.0% -$48M $45M $40M
2021 $717M $16M 9.7% 0.0% $6M — $54M
2020 $651M $30M 12.0% 0.0% $43M — $58M
2019 $818M $39M 11.8% 0.0% $18M $5M $26M
2018 $712M $34M 11.7% 0.0% $9M $16M $27M
2017 $615M $23M 10.9% 5.1% -$11M — $22M
2016 $601M $20M 10.7% 5.3% -$4M — $31M
2015 — $16M — — — — —
2014 — $15M — — — — —
2013 — $9M — — — — —
2012 — $9M — — — — —
2011 — $23M — — $24M $5000 —

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.

Price / earnings (P/E)
0.0 13.0 25.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.4 0.8 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 1.1 2.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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?

As of Jun '26, MILLER INDUSTRIES INC /TN/ traded at a price-to-earnings ratio of about 25.9× (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.