MillerKnoll, Inc. researches, designs, manufactures, sells, and distributes interior furnishings worldwide. It operates through North America Contract, International Contract, and Global Retail segments. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions. It offers its products under the MillerKnoll, Herman Miller, Knoll, Maharam, Geiger, Design Within Reach, DWR, HAY, NaughtOne, Colebrook Bosson Saunders, Holly Hunt, Vladimir Kagan, Muuto, FilzFelt, Edelman, Spinneybeck, DatesWeiser, the Herman Miller ΒCircled Symbolic MΒ logo, Aeron, Mirra, Embody, Setu, Sayl, Cosm, Caper, Eames, KnollExtra, Knoll Luxe, KnollStudio, KnollTextiles, Remix, Dividends, Generation by Knoll, Regeneration by Knoll, MultiGeneration by Knoll, Barcelona, and Womb brand names. The company offers its products through independent contract furniture dealers, direct contract sales, owned and independent retailers, direct-mail catalogs, and e-commerce platforms. Its products are used in institutional, health/science, industrial and educational settings, and residential and other environments. The company was formerly known as Herman Miller, Inc. and changed its name to MillerKnoll, Inc. in November 2021. MillerKnoll, Inc. was incorporated in 1905 and is headquartered in Zeeland, Michigan.
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 | $3.7B | $195M | $-37M | $102M | -2.9% | 1.1% | -144.8% |
| 2024 | $3.6B | $331M | $82M | $274M | 5.9% | -11.2% | 95.5% |
| 2023 | $4.1B | $281M | $42M | $80M | 2.9% | 3.6% | -255.4% |
| 2022 | $3.9B | $220M | $-27M | $-107M | -1.9% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,946 | 4,087.10 | 3,628.40 | 3,669.90 |
| Cost Of Revenue | - | 2,593.30 | 2,657.10 | 2,208.90 | 2,247.30 |
| Gross Profit | - | 1,352.70 | 1,430 | 1,419.50 | 1,422.60 |
| Operating Expense | - | 1,312.90 | 1,232.10 | 1,204.70 | 1,227.30 |
| Operating Income | - | 39.80 | 197.90 | 214.80 | 195.30 |
| EBITDA | - | 219.80 | 280.50 | 331 | 195.30 |
| EBIT | - | 29.20 | 125.40 | 175.90 | 54.80 |
| Pretax Income | - | -8.60 | 51.40 | 99.70 | -21.90 |
| Tax Provision | - | 11.10 | 4.50 | 14.70 | 11.60 |
| Net Income | - | -27.10 | 42.10 | 82.30 | -36.90 |
| Net Income Common Stockholders | - | -27.10 | 42.10 | 82.30 | -36.90 |
| Total Expenses | - | 3,906.20 | 3,889.20 | 3,413.60 | 3,474.60 |
| Interest Expense | - | 37.80 | 74 | 76.20 | 76.70 |
| Interest Income | - | 1.60 | 2.80 | 6.10 | 5.40 |
| Research And Development | - | 108.70 | 105.70 | 92.60 | 93.80 |
| Selling General And Administration | - | 1,204.20 | 1,126.40 | 1,112.10 | 1,133.50 |
| Normalized EBITDA | - | 219.80 | 356.10 | 378.60 | 340.10 |
| Normalized Income | - | -27.10 | 111.05 | 122.86 | 77.49 |
| Market Cap | 1,203.40 | 1,203.40 | 1,203.40 | 1,203.40 | 1,203.40 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| MillerKnoll, Inc.this co. | MLKN | - | -32.61 | 0.94 | -2.9% | 14.45 |
| Faraday Future Intelligent Electric Inc. | FFAI | $117M | - | -2.80 | -5035.4% | -1.81 |
| Traeger, Inc. | COOK | $111M | - | 0.64 | -67.4% | 9.18 |
| Clarus Corporation | CLAR | $101M | - | 0.51 | - | -7.90 |
| America's Car-Mart, Inc. | CRMT | $101M | - |
| - |
| - |
| - |
| - |
| - |
| 0.21 |
| 3.1% |
| 30.69 |
| Lakeland Industries, Inc. | LAKE | $96M | - | 0.74 | -19.6% | -57.98 |
| Virco Mfg. Corporation | VIRC | $95M | 37.81 | 0.90 | 2.4% | 12.55 |
| BARK, Inc. | BARK | $79M | - | 0.97 | -33.0% | -3.16 |
| Sleep Number Corporation | SNBR | $70M | - | -0.12 | 22.8% | 16.92 |
| Peer Median | - | 37.81 | 0.58 | -19.6% | 3.68 | |