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Miller Industries, Inc., together with its subsidiaries, manufactures and sells towing and recovery equipment. It provides wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment. The company also offers transport trailers for moving multiple vehicles for auto auctions, car dealerships, leasing companies, and other similar operations. It markets its products under the Century, Vulcan, Chevron, Holmes, Challenger, Champion, Jige, Boniface, Omars, Titan, and Eagle brand names. The company sells its products through independent distributors in North America, and Canada, Mexico; and through prime contractors to governmental entities. Miller Industries, Inc. was founded in 1990 and is headquartered in Ooltewah, Tennessee.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $790M | $47M | $23M | $85M | 5.5% | -37.2% | -63.8% |
| 2024 | $1.3B | $98M | $63M | $2M | 15.8% | 9.0% | 8.9% |
| 2023 | $1.2B | $93M | $58M | $-1M | 16.8% | 35.9% | 186.5% |
| 2022 | $848M | $41M | $20M | $-48M | 6.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 848.46 | 1,153.35 | 1,257.50 | 790.27 |
| Cost Of Revenue | 766.04 | 1,001.50 | 1,086.69 | 669.88 |
| Gross Profit | 82.42 | 151.85 | 170.81 | 120.39 |
| Operating Expense | 52.83 | 73.09 | 86.32 | 88.98 |
| Operating Income | 29.59 | 78.77 | 84.48 | 31.41 |
| EBITDA | 40.87 | 93 | 98.13 | 46.84 |
| EBIT | 29.11 | 79.76 | 84.06 | 32.15 |
| Pretax Income | 25.73 | 73.78 | 80.13 | 31.49 |
| Tax Provision | 5.39 | 15.49 | 16.64 | 8.48 |
| Net Income | 20.35 | 58.29 | 63.49 | 23.01 |
| Net Income Common Stockholders | 20.35 | 58.29 | 63.49 | 23.01 |
| Total Expenses | 818.86 | 1,074.59 | 1,173.02 | 758.86 |
| Interest Expense | 3.38 | 5.97 | 3.93 | 0.66 |
| Selling General And Administration | 52.83 | 73.09 | 86.32 | 88.98 |
| Normalized EBITDA | 40.87 | 93 | 98.13 | 46.84 |
| Normalized Income | 20.35 | 58.29 | 63.49 | 23.01 |
| Basic EPS | 1.78 | 5.10 | 5.55 | 2.01 |
| Diluted EPS | 1.78 | 5.07 | 5.47 | 1.98 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.27 |
| Net Income From Continuing Operation Net Minority Interest | 20.35 | 58.29 | 63.49 | 23.01 |
| Reconciled Depreciation | 11.76 | 13.24 | 14.07 | 14.69 |
| Reconciled Cost Of Revenue | 766.04 | 1,001.50 | 1,086.69 | 669.88 |
| Net Interest Income | -3.38 | -5.97 | -3.93 | -0.66 |
| Net Income From Continuing And Discontinued Operation | 20.35 | 58.29 | 63.49 | 23.01 |
| Diluted Average Shares | 11.42 | 11.51 | 11.60 | 11.61 |
| Basic Average Shares | 11.42 | 11.44 | 11.45 | 11.45 |
| Diluted NI Availto Com Stockholders | 20.35 | 58.29 | 63.49 | 23.01 |
| Net Income Including Noncontrolling Interests | 20.35 | 58.29 | 63.49 | 23.01 |
| Net Income Continuous Operations | 20.35 | 58.29 | 63.49 | 23.01 |
| Other Income Expense | -0.48 | 0.99 | -0.42 | 0.74 |
| Other Non Operating Income Expenses | -0.48 | 0.99 | -0.42 | 0.74 |
| Net Non Operating Interest Income Expense | -3.38 | -5.97 | -3.93 | -0.66 |
| Interest Expense Non Operating | 3.38 | 5.97 | 3.93 | 0.66 |
| Operating Revenue | 848.46 | 1,153.35 | 1,257.50 | 790.27 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Miller Industries, Inc.this co. | MLR | $529M | 23.51↑ premium | 1.26 | 5.5% | 11.24 |
| Karat Packaging Inc. | KRT | $568M | 18.23 | 3.80 | - | 11.91 |
| ThredUp Inc. | TDUP | $557M | - | 9.27 | -34.1% | -71.31 |
| Johnson Outdoors Inc. | JOUT | $545M | - | 1.30 | -8.2% | 20.50 |
| Cooper-Standard Holdings Inc. | CPS | $515M |
| - |
| -6.13 |
| 4.5% |
| 7.47 |
| Bloomin' Brands, Inc. | BLMN | $512M | 60.10 | 1.54 | 2.4% | 8.40 |
| Shoe Carnival, Inc. | SCVL | $503M | 9.63 | 0.73 | 7.6% | 7.56 |
| Stitch Fix, Inc. | SFIX | $501M | - | 2.39 | -14.2% | -105.75 |
| Legacy Housing Corporation | LEGH | $498M | 12.03 | 0.94 | 7.9% | 9.80 |
| Peer Median | - | 15.13 | 1.42 | 2.4% | 7.98 | |